EQUANUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EQUANUM
Largest movements
- Cash -€486,139
down €486,139 (-66.9%), from €726,210 to €240,071
mainly Investment in fixed assets (net) (-€308,031) and Net result for the year (-€134,351)
- Financial fixed assets +€308,031
up €308,031 (+14,952%), from €2,060 to €310,091
- Receivables within one year -€9,547
down €9,547 (-28.0%), from €34,143 to €24,596
of which Trade receivables: -€14,001
- Profit (loss) carried forward -€134,351
down €134,351 (-31.7%), from €424,474 to €290,123
- Trade debts -€46,359
down €46,359 (-16.8%), from €276,688 to €230,329
- Gross operating margin -€223,611
down €223,611, from €156,345 to -€67,266
- Staff costs +€22,130
up €22,130 (+43.0%), from €51,434 to €73,564
- Taxes -€19,649
no longer reported in 2025 (was €19,649)
- Financial income +€12,069
up €12,069 (+2,584%), from €467 to €12,536
- Financial charges -€5,248
down €5,248 (-51.1%), from €10,261 to €5,014
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,572 | €575,098 | -€188,474 | -24.7% |
| Fixed assets | 21/28 | €2,852 | €310,402 | +€307,549 | +10,782% |
| Tangible fixed assets | 22/27 | €792 | €311 | -€481 | -60.8% |
| Plant, machinery and equipment | 23 | €792 | €311 | -€481 | -60.8% |
| Financial fixed assets | 28 | €2,060 | €310,091 | +€308,031 | +14,952% |
| Current assets | 29/58 | €760,720 | €264,696 | -€496,024 | -65.2% |
| Amounts receivable within one year | 40/41 | €34,143 | €24,596 | -€9,547 | -28.0% |
| Trade receivables | 40 | €34,143 | €20,142 | -€14,001 | -41.0% |
| Other amounts receivable | 41 | - | €4,454 | +€4,454 | |
| Cash at bank and in hand | 54/58 | €726,210 | €240,071 | -€486,139 | -66.9% |
| Deferred charges and accrued income | 490/1 | €367 | €30 | -€338 | -91.9% |
| Total equity and liabilities | 10/49 | €763,572 | €575,098 | -€188,474 | -24.7% |
| Equity | 10/15 | €443,024 | €308,673 | -€134,351 | -30.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,474 | €290,123 | -€134,351 | -31.7% |
| Amounts payable | 17/49 | €320,548 | €266,425 | -€54,123 | -16.9% |
| Amounts payable within one year | 42/48 | €320,548 | €266,425 | -€54,123 | -16.9% |
| Trade debts | 44 | €276,688 | €230,329 | -€46,359 | -16.8% |
| Suppliers | 440/4 | €276,688 | €230,329 | -€46,359 | -16.8% |
| Advances received on contracts in progress | 46 | €1,037 | €218 | -€819 | -79.0% |
| Taxes, remuneration and social security | 45 | €42,823 | €35,878 | -€6,945 | -16.2% |
| Taxes | 450/3 | €34,043 | €26,976 | -€7,068 | -20.8% |
| Remuneration and social security | 454/9 | €8,780 | €8,902 | +€123 | +1.4% |
| Non-recurring operating income | 76A | €2,026 | - | -€2,026 | |
| Remuneration, social security and pensions | 62 | €51,434 | €73,564 | +€22,130 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €481 | = | 0.0% |
| Other operating charges | 640/8 | €159 | €562 | +€404 | +254% |
| Non-recurring operating charges | 66A | €293 | - | -€293 | |
| Gross operating margin | 9900 | €156,345 | -€67,266 | -€223,611 | |
| Operating profit (loss) | 9901 | €103,978 | -€141,874 | -€245,852 | |
| Financial income | 75/76B | €467 | €12,536 | +€12,069 | +2,584% |
| Recurring financial income | 75 | €467 | €12,536 | +€12,069 | +2,584% |
| Financial charges | 65/66B | €10,261 | €5,014 | -€5,248 | -51.1% |
| Recurring financial charges | 65 | €10,261 | €5,014 | -€5,248 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €94,184 | -€134,351 | -€228,535 | |
| Income taxes | 67/77 | €19,649 | - | -€19,649 | |
| Profit (loss) for the period | 9904 | €74,535 | -€134,351 | -€208,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,535 | -€134,351 | -€208,886 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.