EQUIFAGNE: 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.
EQUIFAGNE
Largest movements
- Tangible fixed assets -€23,764
down €23,764 (-11.5%), from €206,657 to €182,893
of which Plant, machinery and equipment: -€19,523
- Receivables within one year -€23,101
down €23,101 (-29.6%), from €78,109 to €55,008
- Cash +€14,876
up €14,876 (+344.0%), from €4,324 to €19,201
mainly Depreciation (+€31,471) and Receivables within one year (+€23,101)
- Stocks and contracts +€4,114
new in 2025: €4,114
- Deferred charges and accrued income -€3,497
no longer reported in 2025 (was €3,497)
- Debts after one year -€35,716
down €35,716 (-25.2%), from €141,463 to €105,748
- Other debts -€23,059
down €23,059 (-84.6%), from €27,250 to €4,190
- Profit (loss) carried forward +€17,660
up €17,660 (+429.6%), from €4,111 to €21,771
- Trade debts +€11,915
up €11,915 (+35.0%), from €34,062 to €45,977
- Tax, wage and social debts -€4,074
down €4,074 (-23.3%), from €17,488 to €13,413
of which Remuneration and social security: -€13,445
- Staff costs -€46,454
down €46,454 (-70.4%), from €65,991 to €19,537
- Gross operating margin -€27,181
down €27,181 (-25.1%), from €108,443 to €81,262
- Depreciation +€5,404
up €5,404 (+20.7%), from €26,067 to €31,471
- Other operating charges -€2,397
down €2,397 (-35.5%), from €6,743 to €4,346
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 | €298,188 | €266,816 | -€31,372 | -10.5% |
| Fixed assets | 21/28 | €206,657 | €182,893 | -€23,764 | -11.5% |
| Tangible fixed assets | 22/27 | €206,657 | €182,893 | -€23,764 | -11.5% |
| Land and buildings | 22 | €1,050 | €7,670 | +€6,620 | +630.5% |
| Plant, machinery and equipment | 23 | €156,432 | €136,909 | -€19,523 | -12.5% |
| Furniture and vehicles | 24 | €5,988 | €4,727 | -€1,261 | -21.1% |
| Leasing and similar rights | 25 | €43,187 | €33,587 | -€9,600 | -22.2% |
| Current assets | 29/58 | €91,530 | €83,923 | -€7,608 | -8.3% |
| Amounts receivable after more than one year | 29 | €5,600 | €5,600 | = | 0.0% |
| Other amounts receivable | 291 | €5,600 | €5,600 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €4,114 | +€4,114 | |
| Stocks | 30/36 | - | €4,114 | +€4,114 | |
| Amounts receivable within one year | 40/41 | €78,109 | €55,008 | -€23,101 | -29.6% |
| Trade receivables | 40 | €78,109 | €55,008 | -€23,101 | -29.6% |
| Cash at bank and in hand | 54/58 | €4,324 | €19,201 | +€14,876 | +344.0% |
| Deferred charges and accrued income | 490/1 | €3,497 | - | -€3,497 | |
| Total equity and liabilities | 10/49 | €298,188 | €266,816 | -€31,372 | -10.5% |
| Equity | 10/15 | €44,111 | €61,771 | +€17,660 | +40.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,111 | €21,771 | +€17,660 | +429.6% |
| Amounts payable | 17/49 | €254,077 | €205,044 | -€49,032 | -19.3% |
| Amounts payable after more than one year | 17 | €141,463 | €105,748 | -€35,716 | -25.2% |
| Financial debts | 170/4 | €141,463 | €105,748 | -€35,716 | -25.2% |
| Amounts payable within one year | 42/48 | €112,613 | €99,297 | -€13,317 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €33,814 | €35,716 | +€1,902 | +5.6% |
| Trade debts | 44 | €34,062 | €45,977 | +€11,915 | +35.0% |
| Suppliers | 440/4 | €34,062 | €45,977 | +€11,915 | +35.0% |
| Taxes, remuneration and social security | 45 | €17,488 | €13,413 | -€4,074 | -23.3% |
| Taxes | 450/3 | €4,043 | €13,413 | +€9,370 | +231.8% |
| Remuneration and social security | 454/9 | €13,445 | - | -€13,445 | |
| Other amounts payable | 47/48 | €27,250 | €4,190 | -€23,059 | -84.6% |
| Remuneration, social security and pensions | 62 | €65,991 | €19,537 | -€46,454 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,067 | €31,471 | +€5,404 | +20.7% |
| Other operating charges | 640/8 | €6,743 | €4,346 | -€2,397 | -35.5% |
| Gross operating margin | 9900 | €108,443 | €81,262 | -€27,181 | -25.1% |
| Operating profit (loss) | 9901 | €9,642 | €25,907 | +€16,266 | +168.7% |
| Financial income | 75/76B | €366 | €30 | -€335 | -91.7% |
| Recurring financial income | 75 | €366 | €30 | -€335 | -91.7% |
| Financial charges | 65/66B | €8,488 | €8,277 | -€211 | -2.5% |
| Recurring financial charges | 65 | €8,488 | €8,277 | -€211 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,519 | €17,660 | +€16,141 | +1062.5% |
| Profit (loss) for the period | 9904 | €1,519 | €17,660 | +€16,141 | +1062.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,519 | €17,660 | +€16,141 | +1062.5% |
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 5 October 2026 via checked.be.