EQUI 4S: 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.
EQUI 4S
Largest movements
- Receivables within one year +€41,361
up €41,361 (+54.0%), from €76,530 to €117,890
of which Other amounts receivable: +€41,496
- Stocks and contracts -€17,389
down €17,389 (-33.2%), from €52,388 to €34,999
- Tangible fixed assets -€16,692
down €16,692 (-86.5%), from €19,304 to €2,611
- Cash +€16,480
up €16,480 (+9.6%), from €171,581 to €188,061
mainly Other debts (+€85,400) and Tax, wage and social debts (+€42,721)
- Intangible fixed assets -€15,572
down €15,572 (-33.2%), from €46,901 to €31,330
- Other debts +€85,400
new in 2025: €85,400
- Reserves -€82,529
down €82,529 (-33.0%), from €249,914 to €167,385
of which Distributable reserves: -€82,529
- Tax, wage and social debts +€42,721
up €42,721 (+13,645%), from €313 to €43,034
of which Taxes: +€42,946
- Trade debts -€30,401
down €30,401 (-80.5%), from €37,786 to €7,386
- Gross operating margin +€66,666
up €66,666 (+184%), from €36,322 to €102,988
- Taxes +€19,791
up €19,791 (+4,594%), from €431 to €20,222
- Staff costs -€10,544
down €10,544 (-28.3%), from €37,322 to €26,778
- Depreciation +€3,579
up €3,579 (+23.3%), from €15,331 to €18,910
- Financial income +€1,429
up €1,429 (+40.5%), from €3,533 to €4,962
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 | €369,013 | €384,205 | +€15,192 | +4.1% |
| Fixed assets | 21/28 | €66,644 | €34,380 | -€32,264 | -48.4% |
| Intangible fixed assets | 21 | €46,901 | €31,330 | -€15,572 | -33.2% |
| Tangible fixed assets | 22/27 | €19,304 | €2,611 | -€16,692 | -86.5% |
| Furniture and vehicles | 24 | €19,304 | €2,611 | -€16,692 | -86.5% |
| Financial fixed assets | 28 | €439 | €439 | = | 0.0% |
| Current assets | 29/58 | €302,369 | €349,825 | +€47,456 | +15.7% |
| Stocks and contracts in progress | 3 | €52,388 | €34,999 | -€17,389 | -33.2% |
| Stocks | 30/36 | €52,388 | €34,999 | -€17,389 | -33.2% |
| Amounts receivable within one year | 40/41 | €76,530 | €117,890 | +€41,361 | +54.0% |
| Trade receivables | 40 | €26,650 | €26,514 | -€136 | -0.5% |
| Other amounts receivable | 41 | €49,880 | €91,376 | +€41,496 | +83.2% |
| Cash at bank and in hand | 54/58 | €171,581 | €188,061 | +€16,480 | +9.6% |
| Deferred charges and accrued income | 490/1 | €1,870 | €8,874 | +€7,004 | +374% |
| Total equity and liabilities | 10/49 | €369,013 | €384,205 | +€15,192 | +4.1% |
| Equity | 10/15 | €330,914 | €248,385 | -€82,529 | -24.9% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €249,914 | €167,385 | -€82,529 | -33.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,100 | €8,100 | = | 0.0% |
| Distributable reserves | 133 | €241,814 | €159,285 | -€82,529 | -34.1% |
| Amounts payable | 17/49 | €38,099 | €135,820 | +€97,721 | +256% |
| Amounts payable within one year | 42/48 | €38,099 | €135,820 | +€97,721 | +256% |
| Trade debts | 44 | €37,786 | €7,386 | -€30,401 | -80.5% |
| Suppliers | 440/4 | €37,786 | €7,386 | -€30,401 | -80.5% |
| Taxes, remuneration and social security | 45 | €313 | €43,034 | +€42,721 | +13,645% |
| Taxes | 450/3 | €89 | €43,034 | +€42,946 | +48,460% |
| Remuneration and social security | 454/9 | €224 | - | -€224 | |
| Other amounts payable | 47/48 | - | €85,400 | +€85,400 | |
| Remuneration, social security and pensions | 62 | €37,322 | €26,778 | -€10,544 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,331 | €18,910 | +€3,579 | +23.3% |
| Other operating charges | 640/8 | €1,864 | €1,710 | -€153 | -8.2% |
| Gross operating margin | 9900 | €36,322 | €102,988 | +€66,666 | +184% |
| Operating profit (loss) | 9901 | -€18,194 | €55,591 | +€73,784 | |
| Financial income | 75/76B | €3,533 | €4,962 | +€1,429 | +40.5% |
| Recurring financial income | 75 | €3,533 | €4,962 | +€1,429 | +40.5% |
| Financial charges | 65/66B | €899 | €860 | -€39 | -4.4% |
| Recurring financial charges | 65 | €899 | €860 | -€39 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,560 | €59,693 | +€75,253 | |
| Income taxes | 67/77 | €431 | €20,222 | +€19,791 | +4,594% |
| Profit (loss) for the period | 9904 | -€15,990 | €39,471 | +€55,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,990 | €39,471 | +€55,462 |
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 25 October 2026 via checked.be.