EQUECO: 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.
EQUECO
Largest movements
- Receivables within one year +€91,237
up €91,237 (+642.1%), from €14,209 to €105,446
of which Other amounts receivable: +€93,830
- Cash -€45,481
down €45,481 (-41.3%), from €110,078 to €64,597
mainly Receivables within one year (-€91,237) and Investment in fixed assets (net) (-€980)
- Reserves +€39,956
up €39,956 (+34.7%), from €115,100 to €155,056
- Tax, wage and social debts +€2,593
up €2,593 (+14.1%), from €18,347 to €20,941
- Gross operating margin -€3,577
down €3,577 (-6.3%), from €56,933 to €53,356
- Financial charges +€1,812
up €1,812 (+129.7%), from €1,397 to €3,209
- Financial income +€1,612
up €1,612 (+133.4%), from €1,209 to €2,821
- Taxes -€573
down €573 (-5.1%), from €11,121 to €10,548
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 | €136,773 | €180,180 | +€43,407 | +31.7% |
| Fixed assets | 21/28 | €5,719 | €4,898 | -€821 | -14.3% |
| Tangible fixed assets | 22/27 | €5,650 | €4,898 | -€751 | -13.3% |
| Furniture and vehicles | 24 | €5,650 | €4,898 | -€751 | -13.3% |
| Financial fixed assets | 28 | €69 | - | -€69 | |
| Current assets | 29/58 | €131,053 | €175,281 | +€44,228 | +33.7% |
| Amounts receivable after more than one year | 29 | €6,208 | €4,680 | -€1,528 | -24.6% |
| Other amounts receivable | 291 | €6,208 | €4,680 | -€1,528 | -24.6% |
| Amounts receivable within one year | 40/41 | €14,209 | €105,446 | +€91,237 | +642.1% |
| Trade receivables | 40 | €14,209 | €11,616 | -€2,593 | -18.3% |
| Other amounts receivable | 41 | - | €93,830 | +€93,830 | |
| Cash at bank and in hand | 54/58 | €110,078 | €64,597 | -€45,481 | -41.3% |
| Deferred charges and accrued income | 490/1 | €558 | €558 | = | 0.0% |
| Total equity and liabilities | 10/49 | €136,773 | €180,180 | +€43,407 | +31.7% |
| Equity | 10/15 | €117,100 | €157,056 | +€39,956 | +34.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €115,100 | €155,056 | +€39,956 | +34.7% |
| Distributable reserves | 133 | €115,100 | €155,056 | +€39,956 | +34.7% |
| Amounts payable | 17/49 | €19,673 | €23,123 | +€3,451 | +17.5% |
| Amounts payable within one year | 42/48 | €19,673 | €23,123 | +€3,451 | +17.5% |
| Trade debts | 44 | €1,326 | €2,183 | +€857 | +64.7% |
| Suppliers | 440/4 | €1,326 | €2,183 | +€857 | +64.7% |
| Taxes, remuneration and social security | 45 | €18,347 | €20,941 | +€2,593 | +14.1% |
| Taxes | 450/3 | €18,347 | €20,941 | +€2,593 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,532 | €1,801 | +€269 | +17.5% |
| Other operating charges | 640/8 | €574 | €663 | +€88 | +15.4% |
| Gross operating margin | 9900 | €56,933 | €53,356 | -€3,577 | -6.3% |
| Operating profit (loss) | 9901 | €54,826 | €50,893 | -€3,934 | -7.2% |
| Financial income | 75/76B | €1,209 | €2,821 | +€1,612 | +133.4% |
| Recurring financial income | 75 | €1,209 | €2,821 | +€1,612 | +133.4% |
| Financial charges | 65/66B | €1,397 | €3,209 | +€1,812 | +129.7% |
| Recurring financial charges | 65 | €1,397 | €3,209 | +€1,812 | +129.7% |
| Profit (loss) for the period before taxes | 9903 | €54,638 | €50,505 | -€4,133 | -7.6% |
| Income taxes | 67/77 | €11,121 | €10,548 | -€573 | -5.1% |
| Profit (loss) for the period | 9904 | €43,517 | €39,956 | -€3,561 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,517 | €39,956 | -€3,561 | -8.2% |
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 7 October 2026 via checked.be.