EQUICTY: 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.
EQUICTY
Largest movements
- Cash -€31,850
down €31,850 (-33.0%), from €96,539 to €64,690
mainly Investment in fixed assets (net) (-€150,420) and Trade debts (-€57,826)
- Receivables within one year -€22,751
down €22,751 (-43.9%), from €51,847 to €29,096
of which Trade receivables: -€22,756
- Intangible fixed assets -€9,647
down €9,647 (-2.6%), from €364,250 to €354,603
- Trade debts -€57,826
down €57,826 (-74.9%), from €77,192 to €19,367
- Current portion of long-term debt -€47,421
down €47,421 (-100.0%), from €47,421 to €0
- Profit (loss) carried forward +€41,730
up €41,730 (+9.3%), from -€450,375 to -€408,645
- Depreciation +€8,582
up €8,582 (+5.6%), from €151,989 to €160,571
- Financial charges -€4,081
down €4,081 (-45.1%), from €9,041 to €4,961
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 | €514,944 | €449,983 | -€64,961 | -12.6% |
| Fixed assets | 21/28 | €365,225 | €355,074 | -€10,151 | -2.8% |
| Intangible fixed assets | 21 | €364,250 | €354,603 | -€9,647 | -2.6% |
| Tangible fixed assets | 22/27 | €975 | €471 | -€504 | -51.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €975 | €471 | -€504 | -51.7% |
| Current assets | 29/58 | €149,719 | €94,909 | -€54,810 | -36.6% |
| Amounts receivable within one year | 40/41 | €51,847 | €29,096 | -€22,751 | -43.9% |
| Trade receivables | 40 | €51,810 | €29,054 | -€22,756 | -43.9% |
| Other amounts receivable | 41 | €37 | €42 | +€5 | +14.7% |
| Cash at bank and in hand | 54/58 | €96,539 | €64,690 | -€31,850 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,123 | -€210 | -15.7% |
| Total equity and liabilities | 10/49 | €514,944 | €449,983 | -€64,961 | -12.6% |
| Equity | 10/15 | €129,935 | €171,665 | +€41,730 | +32.1% |
| Contributions | 10/11 | €575,000 | €575,000 | = | 0.0% |
| Capital | 10 | €575,000 | €575,000 | = | 0.0% |
| Issued capital | 100 | €575,000 | €575,000 | = | 0.0% |
| Reserves | 13 | €5,310 | €5,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310 | €310 | = | 0.0% |
| Legal reserve | 130 | €310 | €310 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€450,375 | -€408,645 | +€41,730 | +9.3% |
| Amounts payable | 17/49 | €385,009 | €278,318 | -€106,691 | -27.7% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,084 | €32,401 | -€104,682 | -76.4% |
| Current portion of amounts payable after more than one year | 42 | €47,421 | €0 | -€47,421 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €77,192 | €19,367 | -€57,826 | -74.9% |
| Suppliers | 440/4 | €77,192 | €19,367 | -€57,826 | -74.9% |
| Taxes, remuneration and social security | 45 | €12,470 | €13,035 | +€564 | +4.5% |
| Taxes | 450/3 | €12,470 | €13,035 | +€564 | +4.5% |
| Accrued charges and deferred income | 492/3 | €147,925 | €145,917 | -€2,009 | -1.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,989 | €160,571 | +€8,582 | +5.6% |
| Other operating charges | 640/8 | €628 | €528 | -€101 | -16.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €208,985 | €207,790 | -€1,195 | -0.6% |
| Operating profit (loss) | 9901 | €56,368 | €46,691 | -€9,677 | -17.2% |
| Financial income | 75/76B | €977 | €0 | -€977 | -100.0% |
| Recurring financial income | 75 | €977 | €0 | -€977 | -100.0% |
| Financial charges | 65/66B | €9,041 | €4,961 | -€4,081 | -45.1% |
| Recurring financial charges | 65 | €9,041 | €4,961 | -€4,081 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €48,304 | €41,730 | -€6,574 | -13.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €48,304 | €41,730 | -€6,574 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,304 | €41,730 | -€6,574 | -13.6% |
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 4 October 2026 via checked.be.