EQUI3: 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.
EQUI3
Largest movements
- Cash -€375,386
down €375,386 (-73.0%), from €514,430 to €139,044
mainly Current investments (-€286,352) and Net result for the year (-€63,797)
- Current investments +€286,352
up €286,352 (+37.0%), from €773,541 to €1.1m
- Receivables after one year -€52,500
no longer reported in 2025 (was €52,500)
- Receivables within one year +€22,644
up €22,644 (+52.8%), from €42,867 to €65,511
of which Other amounts receivable: +€19,644
- Reserves -€63,797
down €63,797 (-4.9%), from €1.3m to €1.2m
of which Distributable reserves: -€63,797
- Debts after one year -€42,857
down €42,857 (-33.3%), from €128,571 to €85,714
- Financial charges -€254,379
down €254,379 (-79.8%), from €318,574 to €64,196
- Gross operating margin +€44,021
up €44,021 (+49.0%), from -€89,861 to -€45,840
- Financial income +€19,169
up €19,169 (+49.5%), from €38,687 to €57,856
- Depreciation +€3,567
up €3,567 (+64.4%), from €5,541 to €9,108
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 | €1,811,647 | €1,698,834 | -€112,813 | -6.2% |
| Fixed assets | 21/28 | €426,386 | €433,144 | +€6,758 | +1.6% |
| Tangible fixed assets | 22/27 | €18,386 | €25,144 | +€6,758 | +36.8% |
| Plant, machinery and equipment | 23 | €3,944 | €2,928 | -€1,016 | -25.8% |
| Furniture and vehicles | 24 | €14,442 | €22,216 | +€7,774 | +53.8% |
| Financial fixed assets | 28 | €408,000 | €408,000 | = | 0.0% |
| Current assets | 29/58 | €1,385,262 | €1,265,691 | -€119,571 | -8.6% |
| Amounts receivable after more than one year | 29 | €52,500 | - | -€52,500 | |
| Other amounts receivable | 291 | €52,500 | - | -€52,500 | |
| Amounts receivable within one year | 40/41 | €42,867 | €65,511 | +€22,644 | +52.8% |
| Trade receivables | 40 | €5,000 | €8,000 | +€3,000 | +60.0% |
| Other amounts receivable | 41 | €37,867 | €57,511 | +€19,644 | +51.9% |
| Current investments | 50/53 | €773,541 | €1,059,893 | +€286,352 | +37.0% |
| Cash at bank and in hand | 54/58 | €514,430 | €139,044 | -€375,386 | -73.0% |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,243 | -€681 | -35.4% |
| Total equity and liabilities | 10/49 | €1,811,647 | €1,698,834 | -€112,813 | -6.2% |
| Equity | 10/15 | €1,378,517 | €1,314,720 | -€63,797 | -4.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,298,517 | €1,234,720 | -€63,797 | -4.9% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €1,290,517 | €1,226,720 | -€63,797 | -4.9% |
| Provisions and deferred taxes | 16 | €98,643 | €98,643 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €98,643 | €98,643 | = | 0.0% |
| Other liabilities and charges | 164/5 | €98,643 | €98,643 | = | 0.0% |
| Amounts payable | 17/49 | €334,487 | €285,471 | -€49,016 | -14.7% |
| Amounts payable after more than one year | 17 | €128,571 | €85,714 | -€42,857 | -33.3% |
| Financial debts | 170/4 | €128,571 | €85,714 | -€42,857 | -33.3% |
| Amounts payable within one year | 42/48 | €205,916 | €199,757 | -€6,159 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €42,857 | = | 0.0% |
| Trade debts | 44 | €1,074 | €4,661 | +€3,587 | +334% |
| Suppliers | 440/4 | €1,074 | €4,661 | +€3,587 | +334% |
| Taxes, remuneration and social security | 45 | €11,397 | €5,287 | -€6,109 | -53.6% |
| Taxes | 450/3 | €3,417 | €1,273 | -€2,143 | -62.7% |
| Remuneration and social security | 454/9 | €7,980 | €4,014 | -€3,966 | -49.7% |
| Other amounts payable | 47/48 | €150,588 | €146,951 | -€3,637 | -2.4% |
| Remuneration, social security and pensions | 62 | €159 | - | -€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,541 | €9,108 | +€3,567 | +64.4% |
| Other operating charges | 640/8 | €2,895 | €2,175 | -€721 | -24.9% |
| Gross operating margin | 9900 | -€89,861 | -€45,840 | +€44,021 | +49.0% |
| Operating profit (loss) | 9901 | -€98,456 | -€57,122 | +€41,334 | +42.0% |
| Financial income | 75/76B | €38,687 | €57,856 | +€19,169 | +49.5% |
| Recurring financial income | 75 | €38,687 | €57,856 | +€19,169 | +49.5% |
| Financial charges | 65/66B | €318,574 | €64,196 | -€254,379 | -79.8% |
| Recurring financial charges | 65 | €318,574 | €64,196 | -€254,379 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | -€378,343 | -€63,462 | +€314,881 | +83.2% |
| Income taxes | 67/77 | €357 | €335 | -€22 | -6.1% |
| Profit (loss) for the period | 9904 | -€378,700 | -€63,797 | +€314,903 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€378,700 | -€63,797 | +€314,903 | +83.2% |
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 24 October 2026 via checked.be.