EQUILIBRE3: 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.
EQUILIBRE3
Largest movements
- Stocks and contracts +€37,397
up €37,397 (+28.5%), from €131,391 to €168,788
- Receivables within one year +€20,030
up €20,030 (+13.2%), from €151,875 to €171,905
of which Other amounts receivable: +€14,106
- Cash -€13,221
down €13,221 (-41.0%), from €32,225 to €19,004
mainly Debts after one year (-€39,643) and Stocks and contracts (-€37,397)
- Current investments -€12,925
down €12,925 (-93.1%), from €13,880 to €955
- Trade debts +€63,191
up €63,191 (+171%), from €36,927 to €100,119
- Debts after one year -€39,643
down €39,643 (-74.6%), from €53,128 to €13,486
- Current portion of long-term debt +€18,847
up €18,847 (+35.9%), from €52,558 to €71,405
- Reserves +€16,702
up €16,702 (+3.4%), from €496,951 to €513,652
of which Distributable reserves: +€16,702
- Tax, wage and social debts -€16,307
down €16,307 (-36.7%), from €44,428 to €28,121
of which Taxes: -€11,868
- Staff costs +€42,176
up €42,176 (+23.2%), from €181,452 to €223,628
- Gross operating margin +€28,449
up €28,449 (+12.0%), from €236,378 to €264,827
- Taxes -€12,103
down €12,103 (-77.3%), from €15,657 to €3,554
- Depreciation -€4,328
down €4,328 (-22.9%), from €18,882 to €14,554
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 | €773,783 | €817,569 | +€43,787 | +5.7% |
| Fixed assets | 21/28 | €432,830 | €441,461 | +€8,631 | +2.0% |
| Intangible fixed assets | 21 | - | €7,739 | +€7,739 | |
| Tangible fixed assets | 22/27 | €20,390 | €21,283 | +€893 | +4.4% |
| Plant, machinery and equipment | 23 | €11,889 | €19,630 | +€7,741 | +65.1% |
| Furniture and vehicles | 24 | €8,501 | €1,653 | -€6,848 | -80.6% |
| Financial fixed assets | 28 | €412,439 | €412,439 | = | 0.0% |
| Current assets | 29/58 | €340,953 | €376,108 | +€35,155 | +10.3% |
| Stocks and contracts in progress | 3 | €131,391 | €168,788 | +€37,397 | +28.5% |
| Stocks | 30/36 | €131,391 | €168,788 | +€37,397 | +28.5% |
| Amounts receivable within one year | 40/41 | €151,875 | €171,905 | +€20,030 | +13.2% |
| Trade receivables | 40 | €74,220 | €80,143 | +€5,924 | +8.0% |
| Other amounts receivable | 41 | €77,656 | €91,762 | +€14,106 | +18.2% |
| Current investments | 50/53 | €13,880 | €955 | -€12,925 | -93.1% |
| Cash at bank and in hand | 54/58 | €32,225 | €19,004 | -€13,221 | -41.0% |
| Deferred charges and accrued income | 490/1 | €11,582 | €15,456 | +€3,874 | +33.5% |
| Total equity and liabilities | 10/49 | €773,783 | €817,569 | +€43,787 | +5.7% |
| Equity | 10/15 | €557,103 | €573,805 | +€16,702 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €496,951 | €513,652 | +€16,702 | +3.4% |
| Tax-exempt reserves | 132 | €139 | €139 | = | 0.0% |
| Distributable reserves | 133 | €496,811 | €513,513 | +€16,702 | +3.4% |
| Profit (loss) carried forward | 14 | €41,552 | €41,552 | = | 0.0% |
| Amounts payable | 17/49 | €216,680 | €243,765 | +€27,085 | +12.5% |
| Amounts payable after more than one year | 17 | €53,128 | €13,486 | -€39,643 | -74.6% |
| Financial debts | 170/4 | €53,128 | €13,486 | -€39,643 | -74.6% |
| Amounts payable within one year | 42/48 | €163,551 | €225,826 | +€62,274 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €52,558 | €71,405 | +€18,847 | +35.9% |
| Trade debts | 44 | €36,927 | €100,119 | +€63,191 | +171% |
| Suppliers | 440/4 | €36,927 | €100,119 | +€63,191 | +171% |
| Taxes, remuneration and social security | 45 | €44,428 | €28,121 | -€16,307 | -36.7% |
| Taxes | 450/3 | €14,485 | €2,617 | -€11,868 | -81.9% |
| Remuneration and social security | 454/9 | €29,943 | €25,504 | -€4,440 | -14.8% |
| Other amounts payable | 47/48 | €29,638 | €26,181 | -€3,457 | -11.7% |
| Accrued charges and deferred income | 492/3 | - | €4,453 | +€4,453 | |
| Remuneration, social security and pensions | 62 | €181,452 | €223,628 | +€42,176 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,882 | €14,554 | -€4,328 | -22.9% |
| Other operating charges | 640/8 | €1,620 | €1,136 | -€484 | -29.9% |
| Non-recurring operating charges | 66A | €1,115 | €3,448 | +€2,334 | +209% |
| Gross operating margin | 9900 | €236,378 | €264,827 | +€28,449 | +12.0% |
| Operating profit (loss) | 9901 | €33,309 | €22,060 | -€11,249 | -33.8% |
| Financial income | 75/76B | €1,705 | €1,976 | +€271 | +15.9% |
| Recurring financial income | 75 | €1,705 | €1,976 | +€271 | +15.9% |
| Financial charges | 65/66B | €5,248 | €3,781 | -€1,467 | -28.0% |
| Recurring financial charges | 65 | €5,248 | €3,781 | -€1,467 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €29,767 | €20,256 | -€9,511 | -32.0% |
| Income taxes | 67/77 | €15,657 | €3,554 | -€12,103 | -77.3% |
| Profit (loss) for the period | 9904 | €14,110 | €16,702 | +€2,592 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,110 | €16,702 | +€2,592 | +18.4% |
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.