EQUIBAT: 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.
EQUIBAT
Largest movements
- Receivables within one year +€25,587
up €25,587 (+234.1%), from €10,929 to €36,516
of which Other amounts receivable: +€13,406
- Tangible fixed assets -€9,710
down €9,710 (-32.4%), from €29,956 to €20,246
- Stocks and contracts -€4,064
no longer reported in 2025 (was €4,064)
- Cash +€2,214
up €2,214 (+1832.4%), from €121 to €2,335
- Other debts -€18,333
no longer reported in 2025 (was €18,333)
- Profit (loss) carried forward +€17,046
up €17,046 (+59.0%), from -€28,879 to -€11,833
- Advances received +€13,070
up €13,070 (+35.3%), from €37,000 to €50,070
- Tax, wage and social debts +€2,243
up €2,243 (+112727.6%), from €2 to €2,245
- Gross operating margin +€23,884
up €23,884 (+407.9%), from €5,855 to €29,739
- Depreciation +€3,772
up €3,772 (+88.1%), from €4,279 to €8,051
- Write-downs +€2,032
new in 2025: €2,032
- Taxes +€1,277
new in 2025: €1,277
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,295 | €59,322 | +€14,026 | +31.0% |
| Fixed assets | 21/28 | €30,181 | €20,471 | -€9,710 | -32.2% |
| Tangible fixed assets | 22/27 | €29,956 | €20,246 | -€9,710 | -32.4% |
| Furniture and vehicles | 24 | €29,956 | €20,246 | -€9,710 | -32.4% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €15,114 | €38,851 | +€23,737 | +157.0% |
| Stocks and contracts in progress | 3 | €4,064 | - | -€4,064 | |
| Stocks | 30/36 | €4,064 | - | -€4,064 | |
| Amounts receivable within one year | 40/41 | €10,929 | €36,516 | +€25,587 | +234.1% |
| Trade receivables | 40 | €3,758 | €15,939 | +€12,181 | +324.1% |
| Other amounts receivable | 41 | €7,171 | €20,577 | +€13,406 | +186.9% |
| Cash at bank and in hand | 54/58 | €121 | €2,335 | +€2,214 | +1832.4% |
| Total equity and liabilities | 10/49 | €45,295 | €59,322 | +€14,026 | +31.0% |
| Equity | 10/15 | -€10,039 | €7,007 | +€17,046 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,879 | -€11,833 | +€17,046 | +59.0% |
| Amounts payable | 17/49 | €55,335 | €52,315 | -€3,020 | -5.5% |
| Amounts payable within one year | 42/48 | €55,335 | €52,315 | -€3,020 | -5.5% |
| Advances received on contracts in progress | 46 | €37,000 | €50,070 | +€13,070 | +35.3% |
| Taxes, remuneration and social security | 45 | €2 | €2,245 | +€2,243 | +112727.6% |
| Taxes | 450/3 | €2 | €2,245 | +€2,243 | +112727.6% |
| Other amounts payable | 47/48 | €18,333 | - | -€18,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,279 | €8,051 | +€3,772 | +88.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,032 | +€2,032 | |
| Other operating charges | 640/8 | €384 | €331 | -€53 | -13.9% |
| Gross operating margin | 9900 | €5,855 | €29,739 | +€23,884 | +407.9% |
| Operating profit (loss) | 9901 | €1,191 | €19,325 | +€18,133 | +1522.1% |
| Financial income | 75/76B | €1 | €291 | +€290 | +41452.9% |
| Recurring financial income | 75 | €1 | €291 | +€290 | +41452.9% |
| Financial charges | 65/66B | €421 | €254 | -€167 | -39.6% |
| Recurring financial charges | 65 | €421 | €254 | -€167 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €771 | €19,361 | +€18,591 | +2412.4% |
| Income taxes | 67/77 | - | €1,277 | +€1,277 | |
| Profit (loss) for the period | 9904 | €771 | €18,084 | +€17,314 | +2246.7% |
| Profit (loss) for the period to be appropriated | 9905 | €771 | €18,084 | +€17,314 | +2246.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.