Equi'Management: 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.
Equi'Management
Largest movements
- Cash +€63,412
up €63,412 (+202.8%), from €31,269 to €94,681
mainly Net result for the year (+€91,627) and Investment in fixed assets (net) (+€50,000)
- Financial fixed assets -€50,000
down €50,000 (-4.2%), from €1.2m to €1.1m
- Receivables within one year -€19,859
down €19,859 (-47.0%), from €42,284 to €22,425
of which Other amounts receivable: -€40,421
- Debts after one year -€87,469
down €87,469 (-27.6%), from €317,025 to €229,557
- Profit (loss) carried forward +€84,627
up €84,627 (+10.9%), from €779,089 to €863,717
- Gross operating margin +€31,215
up €31,215 (+32.2%), from €96,973 to €128,188
- Taxes +€6,820
up €6,820 (+39.9%), from €17,101 to €23,921
- Depreciation -€5,125
down €5,125 (-100.0%), from €5,125 to €0
- Financial charges +€3,918
up €3,918 (+59.0%), from €6,644 to €10,562
- Other operating charges +€2,209
up €2,209 (+197.9%), from €1,116 to €3,326
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 | €1,270,195 | €1,265,722 | -€4,473 | -0.4% |
| Fixed assets | 21/28 | €1,195,000 | €1,145,000 | -€50,000 | -4.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,195,000 | €1,145,000 | -€50,000 | -4.2% |
| Current assets | 29/58 | €75,195 | €120,722 | +€45,527 | +60.5% |
| Amounts receivable within one year | 40/41 | €42,284 | €22,425 | -€19,859 | -47.0% |
| Trade receivables | 40 | €0 | €20,563 | +€20,563 | |
| Other amounts receivable | 41 | €42,284 | €1,862 | -€40,421 | -95.6% |
| Cash at bank and in hand | 54/58 | €31,269 | €94,681 | +€63,412 | +202.8% |
| Deferred charges and accrued income | 490/1 | €1,642 | €3,617 | +€1,974 | +120.2% |
| Total equity and liabilities | 10/49 | €1,270,195 | €1,265,722 | -€4,473 | -0.4% |
| Equity | 10/15 | €799,089 | €883,717 | +€84,627 | +10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €779,089 | €863,717 | +€84,627 | +10.9% |
| Amounts payable | 17/49 | €471,105 | €382,006 | -€89,100 | -18.9% |
| Amounts payable after more than one year | 17 | €317,025 | €229,557 | -€87,469 | -27.6% |
| Financial debts | 170/4 | €317,025 | €229,557 | -€87,469 | -27.6% |
| Amounts payable within one year | 42/48 | €153,889 | €151,935 | -€1,953 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €88,978 | €91,364 | +€2,386 | +2.7% |
| Financial debts | 43 | - | €4,056 | +€4,056 | |
| Credit institutions | 430/8 | - | €4,056 | +€4,056 | |
| Trade debts | 44 | €7,174 | €3,041 | -€4,133 | -57.6% |
| Suppliers | 440/4 | €7,174 | €3,041 | -€4,133 | -57.6% |
| Taxes, remuneration and social security | 45 | €6,000 | €11,760 | +€5,760 | +96.0% |
| Taxes | 450/3 | €0 | €5,760 | +€5,760 | |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €51,737 | €41,714 | -€10,023 | -19.4% |
| Accrued charges and deferred income | 492/3 | €192 | €514 | +€322 | +168.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,125 | €0 | -€5,125 | -100.0% |
| Other operating charges | 640/8 | €1,116 | €3,326 | +€2,209 | +197.9% |
| Gross operating margin | 9900 | €96,973 | €128,188 | +€31,215 | +32.2% |
| Operating profit (loss) | 9901 | €90,731 | €124,862 | +€34,132 | +37.6% |
| Financial income | 75/76B | €1,417 | €1,248 | -€170 | -12.0% |
| Recurring financial income | 75 | €1,417 | €1,248 | -€170 | -12.0% |
| Financial charges | 65/66B | €6,644 | €10,562 | +€3,918 | +59.0% |
| Recurring financial charges | 65 | €6,644 | €10,562 | +€3,918 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €85,505 | €115,548 | +€30,044 | +35.1% |
| Income taxes | 67/77 | €17,101 | €23,921 | +€6,820 | +39.9% |
| Profit (loss) for the period | 9904 | €68,404 | €91,627 | +€23,224 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,404 | €91,627 | +€23,224 | +34.0% |
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 8 October 2026 via checked.be.