EQUILIBRE RW: 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.
EQUILIBRE RW
Largest movements
- Receivables within one year +€68,579
up €68,579 (+132.7%), from €51,663 to €120,241
of which Trade receivables: +€44,661
- Cash -€43,689
down €43,689 (-29.9%), from €146,105 to €102,417
mainly Receivables within one year (-€68,579) and Debts after one year (-€17,115)
- Tangible fixed assets -€22,081
down €22,081 (-10.4%), from €211,476 to €189,395
of which Land and buildings: -€17,969
- Debts after one year -€17,115
down €17,115 (-14.5%), from €117,707 to €100,592
- Trade debts +€10,755
up €10,755 (+90.5%), from €11,879 to €22,634
- Reserves +€6,153
up €6,153 (+2.2%), from €273,776 to €279,929
- Gross operating margin -€57,814
down €57,814 (-22.4%), from €258,595 to €200,781
- Taxes -€19,126
down €19,126 (-69.5%), from €27,511 to €8,386
- Staff costs +€12,288
up €12,288 (+9.6%), from €127,652 to €139,941
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 | €451,058 | €453,388 | +€2,330 | +0.5% |
| Fixed assets | 21/28 | €211,476 | €189,395 | -€22,081 | -10.4% |
| Tangible fixed assets | 22/27 | €211,476 | €189,395 | -€22,081 | -10.4% |
| Land and buildings | 22 | €198,218 | €180,248 | -€17,969 | -9.1% |
| Plant, machinery and equipment | 23 | €1,563 | €977 | -€587 | -37.5% |
| Furniture and vehicles | 24 | €11,695 | €8,170 | -€3,526 | -30.1% |
| Current assets | 29/58 | €239,582 | €263,993 | +€24,411 | +10.2% |
| Amounts receivable after more than one year | 29 | €38,392 | €38,392 | = | 0.0% |
| Other amounts receivable | 291 | €38,392 | €38,392 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,663 | €120,241 | +€68,579 | +132.7% |
| Trade receivables | 40 | €31,844 | €76,505 | +€44,661 | +140.2% |
| Other amounts receivable | 41 | €19,819 | €43,737 | +€23,918 | +120.7% |
| Cash at bank and in hand | 54/58 | €146,105 | €102,417 | -€43,689 | -29.9% |
| Deferred charges and accrued income | 490/1 | €3,421 | €2,942 | -€479 | -14.0% |
| Total equity and liabilities | 10/49 | €451,058 | €453,388 | +€2,330 | +0.5% |
| Equity | 10/15 | €280,776 | €286,929 | +€6,153 | +2.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €273,776 | €279,929 | +€6,153 | +2.2% |
| Distributable reserves | 133 | €273,776 | €279,929 | +€6,153 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €170,283 | €166,459 | -€3,823 | -2.2% |
| Amounts payable after more than one year | 17 | €117,707 | €100,592 | -€17,115 | -14.5% |
| Financial debts | 170/4 | €117,707 | €100,592 | -€17,115 | -14.5% |
| Amounts payable within one year | 42/48 | €52,576 | €65,868 | +€13,292 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €16,772 | €17,115 | +€343 | +2.0% |
| Trade debts | 44 | €11,879 | €22,634 | +€10,755 | +90.5% |
| Suppliers | 440/4 | €11,879 | €22,634 | +€10,755 | +90.5% |
| Taxes, remuneration and social security | 45 | €23,924 | €26,118 | +€2,194 | +9.2% |
| Taxes | 450/3 | €2,830 | €7,054 | +€4,224 | +149.3% |
| Remuneration and social security | 454/9 | €21,095 | €19,064 | -€2,030 | -9.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €127,652 | €139,941 | +€12,288 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,866 | €22,636 | -€1,230 | -5.2% |
| Other operating charges | 640/8 | €13,090 | €15,536 | +€2,446 | +18.7% |
| Gross operating margin | 9900 | €258,595 | €200,781 | -€57,814 | -22.4% |
| Operating profit (loss) | 9901 | €93,987 | €22,668 | -€71,319 | -75.9% |
| Financial income | 75/76B | €2,811 | €1,776 | -€1,035 | -36.8% |
| Recurring financial income | 75 | €2,811 | €1,776 | -€1,035 | -36.8% |
| Financial charges | 65/66B | €9,000 | €9,905 | +€906 | +10.1% |
| Recurring financial charges | 65 | €9,000 | €9,905 | +€906 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €87,798 | €14,539 | -€73,260 | -83.4% |
| Income taxes | 67/77 | €27,511 | €8,386 | -€19,126 | -69.5% |
| Profit (loss) for the period | 9904 | €60,287 | €6,153 | -€54,134 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,287 | €6,153 | -€54,134 | -89.8% |
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 10 October 2026 via checked.be.