EQUILIS BELGIUM: what changed
What changed
EQUILIS BELGIUM
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€1.9m+€326,372
Equity
-€13.6m
2024 · -€15.7m+€2.1m
Cash
€1.1m
2024 · €165,375+€970,894
Balance sheet total
€2.6m
2024 · €3.8m-€1.2m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-51.8%), from €2.4m to €1.1m
of which Trade receivables: -€1.3m
- Cash +€970,894
up €970,894 (+587%), from €165,375 to €1.1m
mainly Contributions, distributions and other (+€3.7m) and Receivables within one year (+€1.2m)
- Stocks and contracts -€613,501
down €613,501 (-98.5%), from €622,599 to €9,099
- Tangible fixed assets -€276,068
down €276,068 (-60.1%), from €459,175 to €183,107
of which Land and buildings: -€261,491
Equity and liabilities
- Contributions +€3.7m
up €3.7m (+445%), from €826,057 to €4.5m
- Debts after one year -€2.9m
down €2.9m (-17.0%), from €17.3m to €14.4m
- Profit (loss) carried forward -€1.6m
down €1.6m (-9.2%), from -€16.9m to -€18.5m
- Trade debts -€588,979
down €588,979 (-29.3%), from €2.0m to €1.4m
- Tax, wage and social debts +€198,800
up €198,800 (+161%), from €123,829 to €322,629
of which Taxes: +€183,676
Income statement
- Turnover +€1.0m
up €1.0m (+23.7%), from €4.4m to €5.5m
- Financial charges -€463,270
down €463,270 (-36.5%), from €1.3m to €804,719
- Services and other goods +€381,189
up €381,189 (+8.0%), from €4.7m to €5.1m
- Staff costs +€179,725
up €179,725 (+23.9%), from €752,572 to €932,297
- Financial income -€149,122
down €149,122 (-99.4%), from €150,000 to €878
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.9m
Turnover
+€1.0m
Other operating income
+€113,276
Goods and materials
-€4,093
Services and other goods
-€381,189
Staff costs
-€179,725
Depreciation
+€45,826
Other operating charges
+€7,387
Other operating items
-€634,829
Financial income
-€149,122
Financial charges
+€463,270
Taxes
-€242
Result 2025
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,564
Investment
+€231,748
Financing
+€730,582
Cash 2024
€165,375
From operations (derived)
+€8,564
Net result for the year
-€1.6m
Depreciation
+€58,783
Stocks and contracts
+€613,501
Receivables within one year
+€1.2m
Deferred charges and accrued income
+€23,075
Trade debts
-€588,979
Tax, wage and social debts
+€198,800
Accrued charges and deferred income
+€36,921
Investment (derived)
+€231,748
Investment in fixed assets (net)
+€231,748
Financing
+€730,582
Debts after one year
-€2.9m
Contributions, distributions and other
+€3.7m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,757,064 | €2,570,869 | -€1.2m | -31.6% |
| Fixed assets | 21/28 | €516,665 | €226,134 | -€290,531 | -56.2% |
| Intangible fixed assets | 21 | €55,885 | €41,422 | -€14,463 | -25.9% |
| Tangible fixed assets | 22/27 | €459,175 | €183,107 | -€276,068 | -60.1% |
| Land and buildings | 22 | €374,414 | €112,923 | -€261,491 | -69.8% |
| Furniture and vehicles | 24 | €84,761 | €70,184 | -€14,577 | -17.2% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €1,605 | €1,605 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,605 | €1,605 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,605 | €1,605 | = | 0.0% |
| Current assets | 29/58 | €3,240,399 | €2,344,735 | -€895,663 | -27.6% |
| Stocks and contracts in progress | 3 | €622,599 | €9,099 | -€613,501 | -98.5% |
| Stocks | 30/36 | €622,599 | €9,099 | -€613,501 | -98.5% |
| Property held for sale | 35 | €622,599 | €9,099 | -€613,501 | -98.5% |
| Amounts receivable within one year | 40/41 | €2,372,990 | €1,143,009 | -€1.2m | -51.8% |
| Trade receivables | 40 | €2,287,830 | €954,072 | -€1.3m | -58.3% |
| Other amounts receivable | 41 | €85,160 | €188,936 | +€103,776 | +122% |
| Cash at bank and in hand | 54/58 | €165,375 | €1,136,269 | +€970,894 | +587% |
| Deferred charges and accrued income | 490/1 | €79,434 | €56,359 | -€23,075 | -29.0% |
| Total equity and liabilities | 10/49 | €3,757,064 | €2,570,869 | -€1.2m | -31.6% |
| Equity | 10/15 | -€15,732,066 | -€13,621,641 | +€2.1m | +13.4% |
| Contributions | 10/11 | €826,057 | €4,500,000 | +€3.7m | +445% |
| Capital | 10 | €826,057 | €4,500,000 | +€3.7m | +445% |
| Issued capital | 100 | €826,057 | €4,500,000 | +€3.7m | +445% |
| Reserves | 13 | €368,005 | €368,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €103,253 | €103,253 | = | 0.0% |
| Legal reserve | 130 | €103,253 | €103,253 | = | 0.0% |
| Distributable reserves | 133 | €264,752 | €264,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,926,128 | -€18,489,646 | -€1.6m | -9.2% |
| Amounts payable | 17/49 | €19,489,130 | €16,192,510 | -€3.3m | -16.9% |
| Amounts payable after more than one year | 17 | €17,339,173 | €14,395,812 | -€2.9m | -17.0% |
| Other amounts payable | 178/9 | €17,339,173 | €14,395,812 | -€2.9m | -17.0% |
| Amounts payable within one year | 42/48 | €2,134,197 | €1,744,018 | -€390,179 | -18.3% |
| Trade debts | 44 | €2,010,369 | €1,421,389 | -€588,979 | -29.3% |
| Suppliers | 440/4 | €2,010,369 | €1,421,389 | -€588,979 | -29.3% |
| Taxes, remuneration and social security | 45 | €123,829 | €322,629 | +€198,800 | +161% |
| Taxes | 450/3 | €45,745 | €229,421 | +€183,676 | +402% |
| Remuneration and social security | 454/9 | €78,083 | €93,208 | +€15,124 | +19.4% |
| Accrued charges and deferred income | 492/3 | €15,759 | €52,679 | +€36,921 | +234% |
| Operating income | 70/76A | €4,860,079 | €5,438,533 | +€578,453 | +11.9% |
| Turnover | 70 | €4,411,627 | €5,457,438 | +€1.0m | +23.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€388,438 | -€846,259 | -€457,821 | -118% |
| Other operating income | 74 | €114,577 | €227,853 | +€113,276 | +98.9% |
| Non-recurring operating income | 76A | €722,313 | €599,500 | -€122,813 | -17.0% |
| Operating charges | 60/66A | €5,631,601 | €6,197,588 | +€565,988 | +10.1% |
| Goods for resale, raw materials and consumables | 60 | €3,309 | €7,401 | +€4,093 | +124% |
| Change in stocks: decrease (increase) | 609 | €3,309 | €7,401 | +€4,093 | +124% |
| Services and other goods | 61 | €4,739,647 | €5,120,836 | +€381,189 | +8.0% |
| Remuneration, social security and pensions | 62 | €752,572 | €932,297 | +€179,725 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,609 | €58,783 | -€45,826 | -43.8% |
| Other operating charges | 640/8 | €31,080 | €23,693 | -€7,387 | -23.8% |
| Non-recurring operating charges | 66A | €384 | €54,578 | +€54,194 | +14,127% |
| Operating profit (loss) | 9901 | -€771,521 | -€759,056 | +€12,466 | +1.6% |
| Financial income | 75/76B | €150,000 | €878 | -€149,122 | -99.4% |
| Recurring financial income | 75 | €150,000 | €878 | -€149,122 | -99.4% |
| Income from financial fixed assets | 750 | - | €878 | +€878 | |
| Other financial income | 752/9 | €150,000 | - | -€150,000 | |
| Financial charges | 65/66B | €1,267,989 | €804,719 | -€463,270 | -36.5% |
| Recurring financial charges | 65 | €1,267,989 | €804,719 | -€463,270 | -36.5% |
| Debt charges | 650 | €1,073,437 | €756,539 | -€316,898 | -29.5% |
| Other financial charges | 652/9 | €194,552 | €48,180 | -€146,372 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,889,510 | -€1,562,896 | +€326,614 | +17.3% |
| Income taxes | 67/77 | €380 | €621 | +€242 | +63.7% |
| Taxes | 670/3 | €380 | €621 | +€242 | +63.7% |
| Profit (loss) for the period | 9904 | -€1,889,890 | -€1,563,518 | +€326,372 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,889,890 | -€1,563,518 | +€326,372 | +17.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.