EQUIBOR: 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.
EQUIBOR
Largest movements
- Cash +€51,735
up €51,735 (+1464.1%), from €3,534 to €55,269
mainly Receivables within one year (+€47,440) and Net result for the year (+€26,934)
- Receivables within one year -€47,440
down €47,440 (-22.2%), from €213,624 to €166,184
of which Other amounts receivable: -€65,740
- Debts after one year -€42,436
down €42,436 (-17.8%), from €238,487 to €196,050
- Reserves +€26,934
up €26,934 (+31.8%), from €84,746 to €111,680
of which Distributable reserves: +€27,234
- Gross operating margin -€10,999
down €10,999 (-14.4%), from €76,356 to €65,357
- Financial charges -€1,604
down €1,604 (-9.3%), from €17,157 to €15,553
- Taxes -€767
down €767 (-5.2%), from €14,857 to €14,091
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 | €1,125,016 | €1,120,776 | -€4,241 | -0.4% |
| Fixed assets | 21/28 | €907,513 | €899,059 | -€8,454 | -0.9% |
| Tangible fixed assets | 22/27 | €17,275 | €8,821 | -€8,454 | -48.9% |
| Plant, machinery and equipment | 23 | €849 | €490 | -€359 | -42.3% |
| Furniture and vehicles | 24 | €16,426 | €8,331 | -€8,095 | -49.3% |
| Financial fixed assets | 28 | €890,238 | €890,238 | = | 0.0% |
| Current assets | 29/58 | €217,503 | €221,717 | +€4,213 | +1.9% |
| Amounts receivable within one year | 40/41 | €213,624 | €166,184 | -€47,440 | -22.2% |
| Trade receivables | 40 | €60,500 | €78,800 | +€18,300 | +30.2% |
| Other amounts receivable | 41 | €153,124 | €87,384 | -€65,740 | -42.9% |
| Cash at bank and in hand | 54/58 | €3,534 | €55,269 | +€51,735 | +1464.1% |
| Deferred charges and accrued income | 490/1 | €346 | €263 | -€82 | -23.8% |
| Total equity and liabilities | 10/49 | €1,125,016 | €1,120,776 | -€4,241 | -0.4% |
| Equity | 10/15 | €249,420 | €276,355 | +€26,934 | +10.8% |
| Contributions | 10/11 | €231,200 | €231,200 | = | 0.0% |
| Reserves | 13 | €84,746 | €111,680 | +€26,934 | +31.8% |
| Non-distributable reserves | 130/1 | €300 | - | -€300 | |
| Reserves not available under the articles | 1311 | €300 | - | -€300 | |
| Distributable reserves | 133 | €84,446 | €111,680 | +€27,234 | +32.3% |
| Profit (loss) carried forward | 14 | -€66,525 | -€66,525 | = | 0.0% |
| Amounts payable | 17/49 | €875,596 | €844,421 | -€31,175 | -3.6% |
| Amounts payable after more than one year | 17 | €238,487 | €196,050 | -€42,436 | -17.8% |
| Financial debts | 170/4 | €238,487 | €196,050 | -€42,436 | -17.8% |
| Amounts payable within one year | 42/48 | €637,109 | €648,371 | +€11,262 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €40,790 | €42,436 | +€1,647 | +4.0% |
| Trade debts | 44 | €2,769 | €6,041 | +€3,272 | +118.2% |
| Suppliers | 440/4 | €2,769 | €6,041 | +€3,272 | +118.2% |
| Taxes, remuneration and social security | 45 | €10,460 | €11,580 | +€1,121 | +10.7% |
| Taxes | 450/3 | €10,460 | €11,580 | +€1,121 | +10.7% |
| Other amounts payable | 47/48 | €583,091 | €588,313 | +€5,222 | +0.9% |
| Non-recurring operating income | 76A | €4,113 | - | -€4,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,187 | €8,454 | +€267 | +3.3% |
| Other operating charges | 640/8 | €63 | €326 | +€262 | +415.9% |
| Gross operating margin | 9900 | €76,356 | €65,357 | -€10,999 | -14.4% |
| Operating profit (loss) | 9901 | €68,106 | €56,578 | -€11,528 | -16.9% |
| Financial charges | 65/66B | €17,157 | €15,553 | -€1,604 | -9.3% |
| Recurring financial charges | 65 | €17,157 | €15,553 | -€1,604 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €50,948 | €41,025 | -€9,924 | -19.5% |
| Income taxes | 67/77 | €14,857 | €14,091 | -€767 | -5.2% |
| Profit (loss) for the period | 9904 | €36,091 | €26,934 | -€9,157 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,091 | €26,934 | -€9,157 | -25.4% |
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 7 October 2026 via checked.be.