Equi Passioné: what changed
Equi Passioné
Largest movements
- Tangible fixed assets -€26,278
down €26,278 (-15.0%), from €174,987 to €148,709
of which Leasing and similar rights: -€15,330
- Cash +€4,243
up €4,243 (+35.3%), from €12,020 to €16,263
mainly Depreciation (+€32,968) and Stocks and contracts (+€3,086)
- Stocks and contracts -€3,086
down €3,086 (-9.0%), from €34,412 to €31,326
- Debts after one year -€17,963
down €17,963 (-14.8%), from €121,437 to €103,474
- Trade debts -€5,000
down €5,000 (-46.5%), from €10,756 to €5,756
- Other debts -€4,511
down €4,511 (-30.7%), from €14,685 to €10,174
- Profit (loss) carried forward -€4,045
down €4,045 (-6.0%), from €67,728 to €63,683
- Tax, wage and social debts +€2,744
up €2,744 (+205%), from €1,339 to €4,083
- Depreciation +€7,087
up €7,087 (+27.4%), from €25,881 to €32,968
- Gross operating margin -€4,561
down €4,561 (-10.8%), from €42,213 to €37,652
- Write-downs +€1,908
new in 2025: €1,908
- Financial charges +€1,549
up €1,549 (+25.6%), from €6,052 to €7,601
- Other operating charges -€1,503
down €1,503 (-74.8%), from €2,010 to €507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,888 | €206,331 | -€27,557 | -11.8% |
| Fixed assets | 21/28 | €174,987 | €148,709 | -€26,278 | -15.0% |
| Tangible fixed assets | 22/27 | €174,987 | €148,709 | -€26,278 | -15.0% |
| Land and buildings | 22 | €34,457 | €35,728 | +€1,270 | +3.7% |
| Plant, machinery and equipment | 23 | €10,740 | €7,286 | -€3,454 | -32.2% |
| Furniture and vehicles | 24 | €6,352 | €4,707 | -€1,646 | -25.9% |
| Leasing and similar rights | 25 | €69,184 | €53,854 | -€15,330 | -22.2% |
| Other tangible fixed assets | 26 | €54,253 | €47,134 | -€7,119 | -13.1% |
| Current assets | 29/58 | €58,901 | €57,622 | -€1,279 | -2.2% |
| Stocks and contracts in progress | 3 | €34,412 | €31,326 | -€3,086 | -9.0% |
| Stocks | 30/36 | €34,412 | €31,326 | -€3,086 | -9.0% |
| Amounts receivable within one year | 40/41 | €11,768 | €9,617 | -€2,150 | -18.3% |
| Trade receivables | 40 | €11,075 | €5,925 | -€5,150 | -46.5% |
| Other amounts receivable | 41 | €693 | €3,693 | +€3,000 | +433% |
| Cash at bank and in hand | 54/58 | €12,020 | €16,263 | +€4,243 | +35.3% |
| Deferred charges and accrued income | 490/1 | €702 | €416 | -€285 | -40.7% |
| Total equity and liabilities | 10/49 | €233,888 | €206,331 | -€27,557 | -11.8% |
| Equity | 10/15 | €68,728 | €64,683 | -€4,045 | -5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,728 | €63,683 | -€4,045 | -6.0% |
| Amounts payable | 17/49 | €165,160 | €141,648 | -€23,512 | -14.2% |
| Amounts payable after more than one year | 17 | €121,437 | €103,474 | -€17,963 | -14.8% |
| Financial debts | 170/4 | €121,437 | €103,474 | -€17,963 | -14.8% |
| Amounts payable within one year | 42/48 | €43,722 | €38,174 | -€5,549 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €16,942 | €18,161 | +€1,219 | +7.2% |
| Trade debts | 44 | €10,756 | €5,756 | -€5,000 | -46.5% |
| Suppliers | 440/4 | €10,756 | €5,756 | -€5,000 | -46.5% |
| Taxes, remuneration and social security | 45 | €1,339 | €4,083 | +€2,744 | +205% |
| Taxes | 450/3 | €1,339 | €4,083 | +€2,744 | +205% |
| Other amounts payable | 47/48 | €14,685 | €10,174 | -€4,511 | -30.7% |
| Non-recurring operating income | 76A | - | €2,326 | +€2,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,881 | €32,968 | +€7,087 | +27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,908 | +€1,908 | |
| Other operating charges | 640/8 | €2,010 | €507 | -€1,503 | -74.8% |
| Gross operating margin | 9900 | €42,213 | €37,652 | -€4,561 | -10.8% |
| Operating profit (loss) | 9901 | €14,322 | €2,269 | -€12,053 | -84.2% |
| Financial income | 75/76B | €1,698 | €1,286 | -€411 | -24.2% |
| Recurring financial income | 75 | €1,698 | €1,286 | -€411 | -24.2% |
| Financial charges | 65/66B | €6,052 | €7,601 | +€1,549 | +25.6% |
| Recurring financial charges | 65 | €6,052 | €7,601 | +€1,549 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €9,968 | -€4,045 | -€14,014 | |
| Income taxes | 67/77 | €807 | - | -€807 | |
| Profit (loss) for the period | 9904 | €9,161 | -€4,045 | -€13,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,161 | -€4,045 | -€13,206 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.