EQUIGEST: what changed
Two financial 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.
EQUIGEST
Largest movements
- Receivables within one year +€10,747
up €10,747 (+124%), from €8,638 to €19,384
of which Trade receivables: +€10,872
- Cash +€4,725
up €4,725 (+246%), from €1,921 to €6,646
mainly Depreciation (+€18,624) and Trade debts (+€17,323)
- Tangible fixed assets +€3,704
up €3,704 (+4.3%), from €85,523 to €89,227
of which Furniture and vehicles: +€17,219
- Trade debts +€17,323
up €17,323 (+2,373%), from €730 to €18,053
- Other debts +€12,769
up €12,769 (+7.3%), from €175,738 to €188,507
- Profit (loss) carried forward -€10,736
down €10,736 (-12.6%), from -€85,225 to -€95,961
- Gross operating margin +€5,845
up €5,845 (+209%), from €2,796 to €8,640
- Depreciation -€735
down €735 (-3.8%), from €19,358 to €18,624
- Financial charges +€92
up €92 (+56.4%), from €164 to €256
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.
Derived cash bridge
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 | €97,243 | €116,599 | +€19,356 | +19.9% |
| Fixed assets | 21/28 | €85,523 | €89,227 | +€3,704 | +4.3% |
| Tangible fixed assets | 22/27 | €85,523 | €89,227 | +€3,704 | +4.3% |
| Plant, machinery and equipment | 23 | €35,830 | €26,269 | -€9,561 | -26.7% |
| Furniture and vehicles | 24 | - | €17,219 | +€17,219 | |
| Other tangible fixed assets | 26 | €49,693 | €45,739 | -€3,954 | -8.0% |
| Current assets | 29/58 | €11,720 | €27,372 | +€15,652 | +134% |
| Stocks and contracts in progress | 3 | €1,161 | €1,341 | +€180 | +15.5% |
| Stocks | 30/36 | €1,161 | €1,341 | +€180 | +15.5% |
| Amounts receivable within one year | 40/41 | €8,638 | €19,384 | +€10,747 | +124% |
| Trade receivables | 40 | €6,026 | €16,897 | +€10,872 | +180% |
| Other amounts receivable | 41 | €2,612 | €2,487 | -€125 | -4.8% |
| Cash at bank and in hand | 54/58 | €1,921 | €6,646 | +€4,725 | +246% |
| Total equity and liabilities | 10/49 | €97,243 | €116,599 | +€19,356 | +19.9% |
| Equity | 10/15 | -€79,225 | -€89,961 | -€10,736 | -13.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,225 | -€95,961 | -€10,736 | -12.6% |
| Amounts payable | 17/49 | €176,468 | €206,560 | +€30,092 | +17.1% |
| Amounts payable within one year | 42/48 | €176,468 | €206,560 | +€30,092 | +17.1% |
| Trade debts | 44 | €730 | €18,053 | +€17,323 | +2,373% |
| Suppliers | 440/4 | €730 | €18,053 | +€17,323 | +2,373% |
| Other amounts payable | 47/48 | €175,738 | €188,507 | +€12,769 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,358 | €18,624 | -€735 | -3.8% |
| Other operating charges | 640/8 | €485 | €500 | +€14 | +3.0% |
| Gross operating margin | 9900 | €2,796 | €8,640 | +€5,845 | +209% |
| Operating profit (loss) | 9901 | -€17,048 | -€10,483 | +€6,565 | +38.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €164 | €256 | +€92 | +56.4% |
| Recurring financial charges | 65 | €164 | €256 | +€92 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
| Profit (loss) for the period | 9904 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.