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EQUILINE: 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.

What changed

EQUILINE

BE 0443.249.022
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,506
2024 · -€730+€6,236
Equity
-€122,833
2024 · -€128,339+€5,506
Cash
€28,698
2024 · €37,972-€9,274
Balance sheet total
€97,429
2024 · €91,923+€5,506

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€9,600

    up €9,600 (+42.5%), from €22,609 to €32,209

    of which Other amounts receivable: +€10,000

  • Cash -€9,274

    down €9,274 (-24.4%), from €37,972 to €28,698

    mainly Receivables within one year (-€9,600) and Deferred charges and accrued income (-€5,180)

  • Deferred charges and accrued income +€5,180

    up €5,180 (+3362.5%), from €154 to €5,334

Equity and liabilities
  • Profit (loss) carried forward +€5,506

    up €5,506 (+3.2%), from -€173,339 to -€167,833

Income statement
  • Depreciation -€6,375

    down €6,375 (-100.0%), from €6,375 to €0

  • Gross operating margin -€110

    down €110 (-1.8%), from €6,064 to €5,954

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€730
Gross operating margin -€110
Depreciation +€6,375
Other operating charges -€12
Financial income -€14
Financial charges -€2
Result 2025 €5,506

Cash bridge derived

cash 2024 to 2025

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.

From operations -€9,274
Investment €0
Financing €0
Cash 2024 €37,972
Net result for the year +€5,506
Receivables within one year -€9,600
Deferred charges and accrued income -€5,180
Cash 2025 €28,698
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €91,923 €97,429 +€5,506 +6.0%
Fixed assets 21/28 €31,189 €31,189 = 0.0%
Tangible fixed assets 22/27 €30,739 €30,739 = 0.0%
Other tangible fixed assets 26 €30,739 €30,739 = 0.0%
Financial fixed assets 28 €450 €450 = 0.0%
Current assets 29/58 €60,734 €66,240 +€5,506 +9.1%
Amounts receivable within one year 40/41 €22,609 €32,209 +€9,600 +42.5%
Trade receivables 40 €712 €312 -€400 -56.1%
Other amounts receivable 41 €21,897 €31,897 +€10,000 +45.7%
Cash at bank and in hand 54/58 €37,972 €28,698 -€9,274 -24.4%
Deferred charges and accrued income 490/1 €154 €5,334 +€5,180 +3362.5%
Total equity and liabilities 10/49 €91,923 €97,429 +€5,506 +6.0%
Equity 10/15 -€128,339 -€122,833 +€5,506 +4.3%
Contributions 10/11 €40,000 €40,000 = 0.0%
Reserves 13 €5,000 €5,000 = 0.0%
Non-distributable reserves 130/1 €5,000 €5,000 = 0.0%
Reserves not available under the articles 1311 €5,000 €5,000 = 0.0%
Profit (loss) carried forward 14 -€173,339 -€167,833 +€5,506 +3.2%
Amounts payable 17/49 €220,262 €220,262 = 0.0%
Amounts payable after more than one year 17 €120,000 €120,000 = 0.0%
Other amounts payable 178/9 €120,000 €120,000 = 0.0%
Amounts payable within one year 42/48 €100,262 €100,262 = 0.0%
Trade debts 44 €0 - =
Suppliers 440/4 €0 - =
Other amounts payable 47/48 €100,262 €100,262 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,375 €0 -€6,375 -100.0%
Other operating charges 640/8 €387 €400 +€12 +3.2%
Gross operating margin 9900 €6,064 €5,954 -€110 -1.8%
Operating profit (loss) 9901 -€698 €5,554 +€6,252
Financial income 75/76B €14 €0 -€14 -100.0%
Recurring financial income 75 €14 €0 -€14 -100.0%
Financial charges 65/66B €47 €48 +€2 +3.2%
Recurring financial charges 65 €47 €48 +€2 +3.2%
Profit (loss) for the period before taxes 9903 -€730 €5,506 +€6,236
Profit (loss) for the period 9904 -€730 €5,506 +€6,236
Profit (loss) for the period to be appropriated 9905 -€730 €5,506 +€6,236

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 30 September 2026 via checked.be.