EQUICI: 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.
EQUICI
Largest movements
- Current investments -€49,283
down €49,283 (-25.8%), from €191,227 to €141,943
- Tangible fixed assets +€46,465
up €46,465 (+46.2%), from €100,567 to €147,032
of which Furniture and vehicles: +€48,941
- Cash -€7,543
down €7,543 (-17.1%), from €44,003 to €36,460
mainly Investment in fixed assets (net) (-€71,074) and Net result for the year (-€5,833)
- Profit (loss) carried forward -€5,833
down €5,833 (-1.9%), from €299,290 to €293,457
- Gross operating margin +€42,521
up €42,521 (+565.6%), from €7,518 to €50,039
- Financial charges +€36,895
up €36,895 (+11966.5%), from €308 to €37,203
of which Financial charges: +€36,895
- Depreciation +€14,057
up €14,057 (+133.2%), from €10,553 to €24,610
- Other operating charges +€2,661
up €2,661 (+108.8%), from €2,446 to €5,107
- Financial income -€1,553
down €1,553 (-12.3%), from €12,600 to €11,047
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 | €364,424 | €357,102 | -€7,322 | -2.0% |
| Fixed assets | 21/28 | €100,567 | €147,032 | +€46,465 | +46.2% |
| Tangible fixed assets | 22/27 | €100,567 | €147,032 | +€46,465 | +46.2% |
| Land and buildings | 22 | €92,648 | €90,172 | -€2,476 | -2.7% |
| Furniture and vehicles | 24 | €7,919 | €56,860 | +€48,941 | +618.1% |
| Current assets | 29/58 | €263,857 | €210,070 | -€53,787 | -20.4% |
| Amounts receivable within one year | 40/41 | €28,627 | €31,667 | +€3,040 | +10.6% |
| Trade receivables | 40 | €11,792 | €1,139 | -€10,653 | -90.3% |
| Other amounts receivable | 41 | €16,835 | €30,528 | +€13,693 | +81.3% |
| Current investments | 50/53 | €191,227 | €141,943 | -€49,283 | -25.8% |
| Cash at bank and in hand | 54/58 | €44,003 | €36,460 | -€7,543 | -17.1% |
| Total equity and liabilities | 10/49 | €364,424 | €357,102 | -€7,322 | -2.0% |
| Equity | 10/15 | €336,300 | €330,467 | -€5,833 | -1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,610 | €24,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,750 | €22,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,290 | €293,457 | -€5,833 | -1.9% |
| Provisions and deferred taxes | 16 | €23,105 | €23,105 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,105 | €23,105 | = | 0.0% |
| Pensions and similar obligations | 160 | €23,105 | €23,105 | = | 0.0% |
| Amounts payable | 17/49 | €5,019 | €3,530 | -€1,489 | -29.7% |
| Amounts payable within one year | 42/48 | €5,019 | €3,530 | -€1,489 | -29.7% |
| Trade debts | 44 | €1,909 | - | -€1,909 | |
| Suppliers | 440/4 | €1,909 | - | -€1,909 | |
| Other amounts payable | 47/48 | €3,110 | €3,530 | +€420 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,553 | €24,610 | +€14,057 | +133.2% |
| Other operating charges | 640/8 | €2,446 | €5,107 | +€2,661 | +108.8% |
| Gross operating margin | 9900 | €7,518 | €50,039 | +€42,521 | +565.6% |
| Operating profit (loss) | 9901 | -€5,481 | €20,323 | +€25,804 | |
| Financial income | 75/76B | €12,600 | €11,047 | -€1,553 | -12.3% |
| Recurring financial income | 75 | €12,600 | €11,047 | -€1,553 | -12.3% |
| Financial charges | 65/66B | €308 | €37,203 | +€36,895 | +11966.5% |
| Recurring financial charges | 65 | €308 | €37,203 | +€36,895 | +11966.5% |
| Non-recurring financial charges | 66B | €308 | €37,203 | +€36,895 | +11966.5% |
| Profit (loss) for the period before taxes | 9903 | €6,811 | -€5,833 | -€12,644 | |
| Profit (loss) for the period | 9904 | €6,811 | -€5,833 | -€12,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,811 | -€5,833 | -€12,644 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.