Equi Advies: 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 Advies
Largest movements
- Tangible fixed assets +€69,367
up €69,367 (+670%), from €10,348 to €79,715
of which Furniture and vehicles: +€39,897
- Cash -€12,646
down €12,646 (-31.6%), from €40,024 to €27,378
mainly Investment in fixed assets (net) (-€80,714) and Receivables within one year (-€6,695)
- Receivables within one year +€6,695
up €6,695 (+286%), from €2,344 to €9,039
of which Trade receivables: +€6,850
- Profit (loss) carried forward +€31,906
up €31,906 (+69.8%), from €45,685 to €77,591
- Debts after one year +€19,595
new in 2025: €19,595
- Current portion of long-term debt +€11,640
new in 2025: €11,640
- Tax, wage and social debts +€1,347
up €1,347 (+22.3%), from €6,032 to €7,379
- Gross operating margin +€19,765
up €19,765 (+60.9%), from €32,428 to €52,193
- Depreciation +€9,196
up €9,196 (+427%), from €2,152 to €11,348
- Other operating charges +€992
up €992 (+841%), from €118 to €1,110
- Taxes +€966
up €966 (+16.0%), from €6,032 to €6,997
- Financial charges +€832
up €832, from €0 to €832
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 | €52,716 | €117,259 | +€64,543 | +122% |
| Fixed assets | 21/28 | €10,348 | €79,715 | +€69,367 | +670% |
| Tangible fixed assets | 22/27 | €10,348 | €79,715 | +€69,367 | +670% |
| Plant, machinery and equipment | 23 | €10,348 | €39,818 | +€29,470 | +285% |
| Furniture and vehicles | 24 | - | €39,897 | +€39,897 | |
| Current assets | 29/58 | €42,368 | €37,544 | -€4,824 | -11.4% |
| Amounts receivable within one year | 40/41 | €2,344 | €9,039 | +€6,695 | +286% |
| Trade receivables | 40 | €1,915 | €8,765 | +€6,850 | +358% |
| Other amounts receivable | 41 | €429 | €274 | -€155 | -36.1% |
| Cash at bank and in hand | 54/58 | €40,024 | €27,378 | -€12,646 | -31.6% |
| Deferred charges and accrued income | 490/1 | - | €1,127 | +€1,127 | |
| Total equity and liabilities | 10/49 | €52,716 | €117,259 | +€64,543 | +122% |
| Equity | 10/15 | €46,685 | €78,591 | +€31,906 | +68.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,685 | €77,591 | +€31,906 | +69.8% |
| Amounts payable | 17/49 | €6,032 | €38,668 | +€32,636 | +541% |
| Amounts payable after more than one year | 17 | - | €19,595 | +€19,595 | |
| Financial debts | 170/4 | - | €19,595 | +€19,595 | |
| Amounts payable within one year | 42/48 | €6,032 | €19,073 | +€13,042 | +216% |
| Current portion of amounts payable after more than one year | 42 | - | €11,640 | +€11,640 | |
| Trade debts | 44 | €0 | €54 | +€54 | |
| Suppliers | 440/4 | €0 | €54 | +€54 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,032 | €7,379 | +€1,347 | +22.3% |
| Taxes | 450/3 | €6,032 | €7,379 | +€1,347 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,152 | €11,348 | +€9,196 | +427% |
| Other operating charges | 640/8 | €118 | €1,110 | +€992 | +841% |
| Gross operating margin | 9900 | €32,428 | €52,193 | +€19,765 | +60.9% |
| Operating profit (loss) | 9901 | €30,159 | €39,735 | +€9,576 | +31.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €0 | €832 | +€832 | |
| Recurring financial charges | 65 | €0 | €832 | +€832 | |
| Profit (loss) for the period before taxes | 9903 | €30,159 | €38,904 | +€8,745 | +29.0% |
| Income taxes | 67/77 | €6,032 | €6,997 | +€966 | +16.0% |
| Profit (loss) for the period | 9904 | €24,127 | €31,906 | +€7,779 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,127 | €31,906 | +€7,779 | +32.2% |
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 22 October 2026 via checked.be.