EQUIFIDES: 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.
EQUIFIDES
Largest movements
- Deferred charges and accrued income +€34,508
up €34,508 (+96.6%), from €35,737 to €70,245
- Cash -€11,292
down €11,292 (-4.4%), from €253,883 to €242,591
mainly Deferred charges and accrued income (-€34,508) and Trade debts (-€17,173)
- Intangible fixed assets -€5,010
down €5,010 (-24.8%), from €20,182 to €15,171
- Tangible fixed assets +€3,784
up €3,784 (+126.1%), from €3,001 to €6,785
- Profit (loss) carried forward +€38,240
up €38,240 (+19.3%), from €198,051 to €236,290
- Trade debts -€17,173
down €17,173 (-61.5%), from €27,911 to €10,738
- Tax, wage and social debts +€5,423
up €5,423 (+4.7%), from €115,233 to €120,656
of which Remuneration and social security: +€4,939
- Gross operating margin -€338,237
down €338,237 (-44.7%), from €756,271 to €418,034
- Staff costs -€90,576
down €90,576 (-20.1%), from €449,649 to €359,072
- Taxes -€50,388
down €50,388 (-81.5%), from €61,858 to €11,470
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 | €351,194 | €378,266 | +€27,073 | +7.7% |
| Fixed assets | 21/28 | €24,018 | €26,305 | +€2,287 | +9.5% |
| Intangible fixed assets | 21 | €20,182 | €15,171 | -€5,010 | -24.8% |
| Tangible fixed assets | 22/27 | €3,001 | €6,785 | +€3,784 | +126.1% |
| Furniture and vehicles | 24 | €3,001 | €6,785 | +€3,784 | +126.1% |
| Financial fixed assets | 28 | €835 | €4,348 | +€3,513 | +420.7% |
| Current assets | 29/58 | €327,176 | €351,962 | +€24,786 | +7.6% |
| Amounts receivable within one year | 40/41 | €37,555 | €39,126 | +€1,571 | +4.2% |
| Trade receivables | 40 | - | €942 | +€942 | |
| Other amounts receivable | 41 | €37,555 | €38,184 | +€629 | +1.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €253,883 | €242,591 | -€11,292 | -4.4% |
| Deferred charges and accrued income | 490/1 | €35,737 | €70,245 | +€34,508 | +96.6% |
| Total equity and liabilities | 10/49 | €351,194 | €378,266 | +€27,073 | +7.7% |
| Equity | 10/15 | €208,051 | €246,290 | +€38,240 | +18.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,051 | €236,290 | +€38,240 | +19.3% |
| Amounts payable | 17/49 | €143,143 | €131,976 | -€11,167 | -7.8% |
| Amounts payable within one year | 42/48 | €143,143 | €131,393 | -€11,750 | -8.2% |
| Trade debts | 44 | €27,911 | €10,738 | -€17,173 | -61.5% |
| Suppliers | 440/4 | €27,911 | €10,738 | -€17,173 | -61.5% |
| Taxes, remuneration and social security | 45 | €115,233 | €120,656 | +€5,423 | +4.7% |
| Taxes | 450/3 | €72,354 | €72,838 | +€484 | +0.7% |
| Remuneration and social security | 454/9 | €42,878 | €47,818 | +€4,939 | +11.5% |
| Accrued charges and deferred income | 492/3 | €0 | €583 | +€583 | |
| Remuneration, social security and pensions | 62 | €449,649 | €359,072 | -€90,576 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,386 | €7,357 | +€2,971 | +67.7% |
| Other operating charges | 640/8 | €1,160 | €693 | -€467 | -40.2% |
| Gross operating margin | 9900 | €756,271 | €418,034 | -€338,237 | -44.7% |
| Operating profit (loss) | 9901 | €301,076 | €50,912 | -€250,165 | -83.1% |
| Financial income | 75/76B | €1,016 | €0 | -€1,016 | -100.0% |
| Recurring financial income | 75 | €1,016 | €0 | -€1,016 | -100.0% |
| Financial charges | 65/66B | €3,285 | €1,202 | -€2,083 | -63.4% |
| Recurring financial charges | 65 | €3,285 | €1,202 | -€2,083 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €298,807 | €49,710 | -€249,097 | -83.4% |
| Income taxes | 67/77 | €61,858 | €11,470 | -€50,388 | -81.5% |
| Profit (loss) for the period | 9904 | €236,949 | €38,240 | -€198,709 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €236,949 | €38,240 | -€198,709 | -83.9% |
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 1 October 2026 via checked.be.