EQUASTAR: what changed
Two fiscal 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.
EQUASTAR
Largest movements
- Cash -€51,485
down €51,485 (-88.9%), from €57,900 to €6,415
mainly Net result for the year (-€44,546) and Tax, wage and social debts (-€30,417)
- Receivables within one year -€23,618
down €23,618 (-19.4%), from €121,503 to €97,885
of which Trade receivables: -€42,740
- Profit (loss) carried forward -€44,546
down €44,546 (-22.6%), from €197,236 to €152,690
- Tax, wage and social debts -€30,417
down €30,417 (-54.1%), from €56,210 to €25,793
- Gross operating margin -€147,833
down €147,833, from €109,876 to -€37,957
- Taxes -€23,001
down €23,001 (-99.4%), from €23,144 to €144
- Financial charges +€6,429
up €6,429 (+358.2%), from €1,795 to €8,224
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.
Cash bridge derived
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 | €258,155 | €180,989 | -€77,165 | -29.9% |
| Fixed assets | 21/28 | €3,752 | €1,689 | -€2,062 | -55.0% |
| Tangible fixed assets | 22/27 | €3,752 | €1,689 | -€2,062 | -55.0% |
| Furniture and vehicles | 24 | €3,752 | €1,689 | -€2,062 | -55.0% |
| Current assets | 29/58 | €254,403 | €179,300 | -€75,103 | -29.5% |
| Amounts receivable within one year | 40/41 | €121,503 | €97,885 | -€23,618 | -19.4% |
| Trade receivables | 40 | €42,740 | €0 | -€42,740 | -100.0% |
| Other amounts receivable | 41 | €78,763 | €97,885 | +€19,122 | +24.3% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,900 | €6,415 | -€51,485 | -88.9% |
| Total equity and liabilities | 10/49 | €258,155 | €180,989 | -€77,165 | -29.9% |
| Equity | 10/15 | €198,786 | €154,240 | -€44,546 | -22.4% |
| Contributions | 10/11 | €1,550 | €1,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,236 | €152,690 | -€44,546 | -22.6% |
| Amounts payable | 17/49 | €59,368 | €26,749 | -€32,619 | -54.9% |
| Amounts payable within one year | 42/48 | €59,368 | €26,749 | -€32,619 | -54.9% |
| Financial debts | 43 | - | €174 | +€174 | |
| Credit institutions | 430/8 | - | €174 | +€174 | |
| Trade debts | 44 | €3,159 | €783 | -€2,376 | -75.2% |
| Suppliers | 440/4 | €3,159 | €783 | -€2,376 | -75.2% |
| Taxes, remuneration and social security | 45 | €56,210 | €25,793 | -€30,417 | -54.1% |
| Taxes | 450/3 | €56,210 | €25,793 | -€30,417 | -54.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,062 | €2,062 | -€0 | 0.0% |
| Other operating charges | 640/8 | €212 | €974 | +€762 | +359.7% |
| Gross operating margin | 9900 | €109,876 | -€37,957 | -€147,833 | |
| Operating profit (loss) | 9901 | €107,602 | -€40,993 | -€148,595 | |
| Financial income | 75/76B | €3,921 | €4,814 | +€893 | +22.8% |
| Recurring financial income | 75 | €3,921 | €4,814 | +€893 | +22.8% |
| Financial charges | 65/66B | €1,795 | €8,224 | +€6,429 | +358.2% |
| Recurring financial charges | 65 | €1,795 | €8,224 | +€6,429 | +358.2% |
| Profit (loss) for the period before taxes | 9903 | €109,728 | -€44,403 | -€154,131 | |
| Income taxes | 67/77 | €23,144 | €144 | -€23,001 | -99.4% |
| Profit (loss) for the period | 9904 | €86,584 | -€44,546 | -€131,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,584 | -€44,546 | -€131,130 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.