Equilli: 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.
Equilli
Largest movements
- Stocks and contracts +€146,820
up €146,820 (+18.4%), from €797,883 to €944,703
of which Contracts in progress: +€103,451
- Receivables within one year +€54,839
up €54,839 (+7.6%), from €718,092 to €772,932
of which Trade receivables: +€48,150
- Intangible fixed assets -€40,311
down €40,311 (-8.4%), from €477,515 to €437,205
- Debts after one year +€284,925
up €284,925 (+43.1%), from €661,737 to €946,663
- Short-term financial debts -€168,835
down €168,835 (-29.3%), from €576,913 to €408,078
- Trade debts +€104,078
up €104,078 (+33.7%), from €308,636 to €412,715
- Profit (loss) carried forward -€89,834
down €89,834 (-29.3%), from €307,020 to €217,186
- Current portion of long-term debt +€33,959
up €33,959 (+90.4%), from €37,585 to €71,544
- Staff costs -€163,854
down €163,854 (-38.7%), from €422,885 to €259,031
- Gross operating margin -€52,951
down €52,951 (-8.8%), from €599,377 to €546,426
- Depreciation +€26,488
up €26,488 (+9.6%), from €275,629 to €302,117
- Financial income +€21,901
up €21,901 (+183.3%), from €11,946 to €33,846
- Financial charges +€7,655
up €7,655 (+19.4%), from €39,379 to €47,033
of which Financial charges: +€8,578
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 | €2,680,259 | €2,841,939 | +€161,680 | +6.0% |
| Fixed assets | 21/28 | €1,080,557 | €1,056,692 | -€23,865 | -2.2% |
| Intangible fixed assets | 21 | €477,515 | €437,205 | -€40,311 | -8.4% |
| Tangible fixed assets | 22/27 | €176,335 | €192,536 | +€16,200 | +9.2% |
| Plant, machinery and equipment | 23 | €142,393 | €156,344 | +€13,951 | +9.8% |
| Furniture and vehicles | 24 | €21,466 | €25,469 | +€4,003 | +18.7% |
| Other tangible fixed assets | 26 | €12,477 | €10,723 | -€1,754 | -14.1% |
| Financial fixed assets | 28 | €426,707 | €426,952 | +€245 | +0.1% |
| Current assets | 29/58 | €1,599,702 | €1,785,247 | +€185,545 | +11.6% |
| Amounts receivable after more than one year | 29 | €31,521 | €31,521 | = | 0.0% |
| Other amounts receivable | 291 | €31,521 | €31,521 | = | 0.0% |
| Stocks and contracts in progress | 3 | €797,883 | €944,703 | +€146,820 | +18.4% |
| Stocks | 30/36 | €632,015 | €675,384 | +€43,369 | +6.9% |
| Contracts in progress | 37 | €165,868 | €269,319 | +€103,451 | +62.4% |
| Amounts receivable within one year | 40/41 | €718,092 | €772,932 | +€54,839 | +7.6% |
| Trade receivables | 40 | €711,142 | €759,293 | +€48,150 | +6.8% |
| Other amounts receivable | 41 | €6,950 | €13,639 | +€6,689 | +96.2% |
| Cash at bank and in hand | 54/58 | €51,802 | €35,029 | -€16,773 | -32.4% |
| Deferred charges and accrued income | 490/1 | €403 | €1,062 | +€659 | +163.3% |
| Total equity and liabilities | 10/49 | €2,680,259 | €2,841,939 | +€161,680 | +6.0% |
| Equity | 10/15 | €1,056,725 | €966,891 | -€89,834 | -8.5% |
| Contributions | 10/11 | €332,660 | €332,660 | = | 0.0% |
| Capital | 10 | €332,660 | €332,660 | = | 0.0% |
| Issued capital | 100 | €332,660 | €332,660 | = | 0.0% |
| Revaluation surpluses | 12 | €383,779 | €383,779 | = | 0.0% |
| Reserves | 13 | €33,266 | €33,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,266 | €33,266 | = | 0.0% |
| Legal reserve | 130 | €33,266 | €33,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,020 | €217,186 | -€89,834 | -29.3% |
| Amounts payable | 17/49 | €1,623,534 | €1,875,048 | +€251,513 | +15.5% |
| Amounts payable after more than one year | 17 | €661,737 | €946,663 | +€284,925 | +43.1% |
| Financial debts | 170/4 | €661,737 | €946,663 | +€284,925 | +43.1% |
| Amounts payable within one year | 42/48 | €956,797 | €928,385 | -€28,412 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €37,585 | €71,544 | +€33,959 | +90.4% |
| Financial debts | 43 | €576,913 | €408,078 | -€168,835 | -29.3% |
| Credit institutions | 430/8 | €576,913 | €408,078 | -€168,835 | -29.3% |
| Trade debts | 44 | €308,636 | €412,715 | +€104,078 | +33.7% |
| Suppliers | 440/4 | €308,636 | €412,715 | +€104,078 | +33.7% |
| Taxes, remuneration and social security | 45 | €33,415 | €35,801 | +€2,386 | +7.1% |
| Taxes | 450/3 | €831 | €925 | +€94 | +11.3% |
| Remuneration and social security | 454/9 | €32,583 | €34,876 | +€2,292 | +7.0% |
| Other amounts payable | 47/48 | €248 | €248 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €422,885 | €259,031 | -€163,854 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,629 | €302,117 | +€26,488 | +9.6% |
| Other operating charges | 640/8 | €2,019 | €1,152 | -€867 | -43.0% |
| Non-recurring operating charges | 66A | - | €60,674 | +€60,674 | |
| Gross operating margin | 9900 | €599,377 | €546,426 | -€52,951 | -8.8% |
| Operating profit (loss) | 9901 | -€101,157 | -€76,548 | +€24,609 | +24.3% |
| Financial income | 75/76B | €11,946 | €33,846 | +€21,901 | +183.3% |
| Recurring financial income | 75 | €11,946 | €33,846 | +€21,901 | +183.3% |
| Financial charges | 65/66B | €39,379 | €47,033 | +€7,655 | +19.4% |
| Recurring financial charges | 65 | €38,456 | €47,033 | +€8,578 | +22.3% |
| Non-recurring financial charges | 66B | €923 | €0 | -€923 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€128,589 | -€89,735 | +€38,854 | +30.2% |
| Income taxes | 67/77 | €629 | €99 | -€530 | -84.3% |
| Profit (loss) for the period | 9904 | -€129,218 | -€89,834 | +€39,385 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,218 | -€89,834 | +€39,385 | +30.5% |
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 9 October 2026 via checked.be.