Equi-Bouge: 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-Bouge
Largest movements
- Cash +€54,360
up €54,360 (+329.2%), from €16,514 to €70,874
mainly Current investments (+€23,791) and Net result for the year (+€22,549)
- Current investments -€23,791
down €23,791 (-37.8%), from €63,000 to €39,209
- Tangible fixed assets -€4,633
down €4,633 (-24.0%), from €19,282 to €14,649
of which Furniture and vehicles: -€4,633
- Receivables within one year -€3,271
down €3,271 (-15.1%), from €21,666 to €18,395
of which Other amounts receivable: -€2,640
- Deferred charges and accrued income +€1,509
up €1,509, from €0 to €1,509
- Reserves +€22,549
up €22,549 (+21.1%), from €106,755 to €129,304
- Tax, wage and social debts +€2,083
up €2,083 (+25.4%), from €8,188 to €10,271
of which Remuneration and social security: +€2,282
- Gross operating margin +€28,445
up €28,445 (+221.3%), from €12,855 to €41,300
- Taxes +€8,278
up €8,278 (+148.0%), from €5,594 to €13,872
- Financial income -€2,261
down €2,261 (-65.8%), from €3,434 to €1,174
- Depreciation +€2,092
up €2,092 (+82.3%), from €2,541 to €4,633
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 | €120,462 | €144,636 | +€24,174 | +20.1% |
| Fixed assets | 21/28 | €19,282 | €14,649 | -€4,633 | -24.0% |
| Tangible fixed assets | 22/27 | €19,282 | €14,649 | -€4,633 | -24.0% |
| Furniture and vehicles | 24 | €16,991 | €12,358 | -€4,633 | -27.3% |
| Other tangible fixed assets | 26 | €2,291 | €2,291 | = | 0.0% |
| Current assets | 29/58 | €101,180 | €129,987 | +€28,807 | +28.5% |
| Amounts receivable within one year | 40/41 | €21,666 | €18,395 | -€3,271 | -15.1% |
| Trade receivables | 40 | €13,888 | €13,257 | -€631 | -4.5% |
| Other amounts receivable | 41 | €7,778 | €5,138 | -€2,640 | -33.9% |
| Current investments | 50/53 | €63,000 | €39,209 | -€23,791 | -37.8% |
| Cash at bank and in hand | 54/58 | €16,514 | €70,874 | +€54,360 | +329.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,509 | +€1,509 | |
| Total equity and liabilities | 10/49 | €120,462 | €144,636 | +€24,174 | +20.1% |
| Equity | 10/15 | €106,755 | €129,304 | +€22,549 | +21.1% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €106,755 | €129,304 | +€22,549 | +21.1% |
| Distributable reserves | 133 | €106,755 | €129,304 | +€22,549 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,707 | €15,332 | +€1,625 | +11.9% |
| Amounts payable within one year | 42/48 | €13,707 | €15,332 | +€1,625 | +11.9% |
| Trade debts | 44 | €5,519 | €5,061 | -€458 | -8.3% |
| Suppliers | 440/4 | €5,519 | €5,061 | -€458 | -8.3% |
| Taxes, remuneration and social security | 45 | €8,188 | €10,271 | +€2,083 | +25.4% |
| Taxes | 450/3 | €8,188 | €7,989 | -€199 | -2.4% |
| Remuneration and social security | 454/9 | - | €2,282 | +€2,282 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,541 | €4,633 | +€2,092 | +82.3% |
| Other operating charges | 640/8 | €654 | €753 | +€99 | +15.2% |
| Gross operating margin | 9900 | €12,855 | €41,300 | +€28,445 | +221.3% |
| Operating profit (loss) | 9901 | €9,659 | €35,914 | +€26,255 | +271.8% |
| Financial income | 75/76B | €3,434 | €1,174 | -€2,261 | -65.8% |
| Recurring financial income | 75 | €3,434 | €1,174 | -€2,261 | -65.8% |
| Financial charges | 65/66B | €1,036 | €667 | -€369 | -35.6% |
| Recurring financial charges | 65 | €1,036 | €667 | -€369 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €12,058 | €36,420 | +€24,362 | +202.0% |
| Income taxes | 67/77 | €5,594 | €13,872 | +€8,278 | +148.0% |
| Profit (loss) for the period | 9904 | €6,464 | €22,549 | +€16,085 | +248.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,464 | €22,549 | +€16,085 | +248.8% |
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 9 October 2026 via checked.be.