EQUANO: what changed
What changed
EQUANO
NACE 47.527, Retail trade
filed annual accounts (NBB)
Net result for the year
-€50,534
2024 · €29,954-€80,488
Equity
€13,815
2024 · €64,349-€50,534
Cash
€24,192
2024 · €28,988-€4,795
Balance sheet total
€309,631
2024 · €359,641-€50,010
Largest movements
Assets
- Receivables within one year -€56,575
down €56,575 (-56.5%), from €100,121 to €43,546
of which Trade receivables: -€59,671
- Stocks and contracts +€20,560
up €20,560 (+12.3%), from €166,605 to €187,165
of which Stocks: +€32,800
- Tangible fixed assets -€16,959
down €16,959 (-29.2%), from €58,001 to €41,041
- Deferred charges and accrued income +€7,759
new in 2025: €7,759
- Cash -€4,795
down €4,795 (-16.5%), from €28,988 to €24,192
mainly Net result for the year (-€50,534) and Stocks and contracts (-€20,560)
Equity and liabilities
- Profit (loss) carried forward -€50,534
down €50,534 (-175%), from -€28,807 to -€79,341
- Other debts +€17,367
up €17,367 (+7.5%), from €232,063 to €249,430
- Debts after one year -€9,927
down €9,927 (-66.2%), from €14,985 to €5,058
Income statement
- Gross operating margin -€131,431
down €131,431 (-66.2%), from €198,589 to €67,158
- Staff costs -€51,779
down €51,779 (-35.6%), from €145,368 to €93,589
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,954
Gross operating margin
-€131,431
Staff costs
+€51,779
Depreciation
+€357
Other operating charges
-€522
Financial income
-€378
Financial charges
-€291
Result 2025
-€50,534
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,411
Investment
€0
Financing
-€11,206
Cash 2024
€28,988
From operations (derived)
+€6,411
Net result for the year
-€50,534
Depreciation
+€16,959
Stocks and contracts
-€20,560
Receivables within one year
+€56,575
Deferred charges and accrued income
-€7,759
Trade debts
-€2,253
Tax, wage and social debts
-€3,384
Other debts
+€17,367
Financing
-€11,206
Debts after one year
-€9,927
Current portion of long-term debt
+€248
Short-term financial debts
-€1,527
Cash 2025
€24,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,641 | €309,631 | -€50,010 | -13.9% |
| Fixed assets | 21/28 | €63,927 | €46,968 | -€16,959 | -26.5% |
| Tangible fixed assets | 22/27 | €58,001 | €41,041 | -€16,959 | -29.2% |
| Plant, machinery and equipment | 23 | €2,832 | €1,047 | -€1,785 | -63.0% |
| Furniture and vehicles | 24 | €23,946 | €16,694 | -€7,252 | -30.3% |
| Other tangible fixed assets | 26 | €31,223 | €23,301 | -€7,922 | -25.4% |
| Financial fixed assets | 28 | €5,927 | €5,927 | = | 0.0% |
| Current assets | 29/58 | €295,713 | €262,663 | -€33,051 | -11.2% |
| Stocks and contracts in progress | 3 | €166,605 | €187,165 | +€20,560 | +12.3% |
| Stocks | 30/36 | €154,365 | €187,165 | +€32,800 | +21.2% |
| Contracts in progress | 37 | €12,240 | - | -€12,240 | |
| Amounts receivable within one year | 40/41 | €100,121 | €43,546 | -€56,575 | -56.5% |
| Trade receivables | 40 | €99,483 | €39,812 | -€59,671 | -60.0% |
| Other amounts receivable | 41 | €638 | €3,734 | +€3,096 | +485% |
| Cash at bank and in hand | 54/58 | €28,988 | €24,192 | -€4,795 | -16.5% |
| Deferred charges and accrued income | 490/1 | - | €7,759 | +€7,759 | |
| Total equity and liabilities | 10/49 | €359,641 | €309,631 | -€50,010 | -13.9% |
| Equity | 10/15 | €64,349 | €13,815 | -€50,534 | -78.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,156 | €73,156 | = | 0.0% |
| Distributable reserves | 133 | €73,156 | €73,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,807 | -€79,341 | -€50,534 | -175% |
| Amounts payable | 17/49 | €295,292 | €295,816 | +€524 | +0.2% |
| Amounts payable after more than one year | 17 | €14,985 | €5,058 | -€9,927 | -66.2% |
| Financial debts | 170/4 | €14,985 | €5,058 | -€9,927 | -66.2% |
| Amounts payable within one year | 42/48 | €280,307 | €290,758 | +€10,450 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €9,679 | €9,927 | +€248 | +2.6% |
| Financial debts | 43 | €1,527 | - | -€1,527 | |
| Credit institutions | 430/8 | €1,527 | - | -€1,527 | |
| Trade debts | 44 | €19,001 | €16,748 | -€2,253 | -11.9% |
| Suppliers | 440/4 | €19,001 | €16,748 | -€2,253 | -11.9% |
| Taxes, remuneration and social security | 45 | €18,037 | €14,654 | -€3,384 | -18.8% |
| Taxes | 450/3 | €12,425 | €6,046 | -€6,378 | -51.3% |
| Remuneration and social security | 454/9 | €5,613 | €8,607 | +€2,995 | +53.4% |
| Other amounts payable | 47/48 | €232,063 | €249,430 | +€17,367 | +7.5% |
| Remuneration, social security and pensions | 62 | €145,368 | €93,589 | -€51,779 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,316 | €16,959 | -€357 | -2.1% |
| Other operating charges | 640/8 | €2,151 | €2,673 | +€522 | +24.3% |
| Gross operating margin | 9900 | €198,589 | €67,158 | -€131,431 | -66.2% |
| Operating profit (loss) | 9901 | €33,755 | -€46,064 | -€79,818 | |
| Financial income | 75/76B | €379 | €0 | -€378 | -99.9% |
| Recurring financial income | 75 | €379 | €0 | -€378 | -99.9% |
| Financial charges | 65/66B | €4,179 | €4,470 | +€291 | +7.0% |
| Recurring financial charges | 65 | €4,179 | €3,145 | -€1,035 | -24.8% |
| Non-recurring financial charges | 66B | - | €1,326 | +€1,326 | |
| Profit (loss) for the period before taxes | 9903 | €29,954 | -€50,534 | -€80,488 | |
| Profit (loss) for the period | 9904 | €29,954 | -€50,534 | -€80,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,954 | -€50,534 | -€80,488 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.