EQUILOOK BENELUX: 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.
EQUILOOK BENELUX
Largest movements
- Cash -€227,497
down €227,497 (-64.6%), from €351,947 to €124,449
mainly Other debts (-€228,000) and Receivables after one year (-€91,000)
- Receivables after one year +€91,000
new in 2025: €91,000
- Stocks and contracts -€86,810
down €86,810 (-8.5%), from €1.0m to €938,384
- Other debts -€228,000
down €228,000 (-100%), from €228,000 to €0
- Short-term financial debts +€126,138
up €126,138 (+529%), from €23,862 to €150,000
of which Other loans: +€126,151
- Reserves -€75,234
down €75,234 (-6.8%), from €1.1m to €1.0m
- Trade debts -€29,547
down €29,547 (-10.4%), from €284,480 to €254,933
- Gross operating margin -€333,642
down €333,642 (-94.8%), from €352,030 to €18,388
- Write-downs +€83,327
up €83,327, from -€83,327 to €0
- Taxes -€81,106
down €81,106 (-99.8%), from €81,259 to €153
- Staff costs -€25,956
down €25,956 (-28.3%), from €91,617 to €65,662
- Other operating charges -€12,749
down €12,749 (-79.4%), from €16,066 to €3,317
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 | €1,830,188 | €1,613,731 | -€216,456 | -11.8% |
| Fixed assets | 21/28 | €24,926 | €22,996 | -€1,930 | -7.7% |
| Intangible fixed assets | 21 | €6,786 | €4,260 | -€2,526 | -37.2% |
| Tangible fixed assets | 22/27 | €16,520 | €17,117 | +€597 | +3.6% |
| Plant, machinery and equipment | 23 | €3,387 | €10,018 | +€6,631 | +196% |
| Furniture and vehicles | 24 | €8,006 | €5,803 | -€2,203 | -27.5% |
| Other tangible fixed assets | 26 | €5,127 | €1,296 | -€3,831 | -74.7% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €1,805,262 | €1,590,735 | -€214,527 | -11.9% |
| Amounts receivable after more than one year | 29 | - | €91,000 | +€91,000 | |
| Other amounts receivable | 291 | - | €91,000 | +€91,000 | |
| Stocks and contracts in progress | 3 | €1,025,194 | €938,384 | -€86,810 | -8.5% |
| Stocks | 30/36 | €1,025,194 | €938,384 | -€86,810 | -8.5% |
| Amounts receivable within one year | 40/41 | €402,277 | €416,230 | +€13,953 | +3.5% |
| Trade receivables | 40 | €399,613 | €343,503 | -€56,110 | -14.0% |
| Other amounts receivable | 41 | €2,663 | €72,727 | +€70,063 | +2,631% |
| Cash at bank and in hand | 54/58 | €351,947 | €124,449 | -€227,497 | -64.6% |
| Deferred charges and accrued income | 490/1 | €25,844 | €20,671 | -€5,173 | -20.0% |
| Total equity and liabilities | 10/49 | €1,830,188 | €1,613,731 | -€216,456 | -11.8% |
| Equity | 10/15 | €1,269,005 | €1,193,728 | -€75,277 | -5.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €1,108,761 | €1,033,527 | -€75,234 | -6.8% |
| Distributable reserves | 133 | €1,108,761 | €1,033,527 | -€75,234 | -6.8% |
| Profit (loss) carried forward | 14 | €245 | €202 | -€43 | -17.5% |
| Amounts payable | 17/49 | €561,182 | €420,003 | -€141,180 | -25.2% |
| Amounts payable within one year | 42/48 | €561,182 | €420,003 | -€141,180 | -25.2% |
| Financial debts | 43 | €23,862 | €150,000 | +€126,138 | +529% |
| Credit institutions | 430/8 | €13 | €0 | -€13 | -100% |
| Other loans | 439 | €23,849 | €150,000 | +€126,151 | +529% |
| Trade debts | 44 | €284,480 | €254,933 | -€29,547 | -10.4% |
| Suppliers | 440/4 | €284,480 | €254,933 | -€29,547 | -10.4% |
| Taxes, remuneration and social security | 45 | €24,840 | €15,069 | -€9,771 | -39.3% |
| Taxes | 450/3 | €6,170 | €5,883 | -€288 | -4.7% |
| Remuneration and social security | 454/9 | €18,670 | €9,187 | -€9,483 | -50.8% |
| Other amounts payable | 47/48 | €228,000 | €0 | -€228,000 | -100% |
| Remuneration, social security and pensions | 62 | €91,617 | €65,662 | -€25,956 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,343 | €13,028 | +€1,685 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€83,327 | €0 | +€83,327 | |
| Other operating charges | 640/8 | €16,066 | €3,317 | -€12,749 | -79.4% |
| Gross operating margin | 9900 | €352,030 | €18,388 | -€333,642 | -94.8% |
| Operating profit (loss) | 9901 | €316,331 | -€63,619 | -€379,950 | |
| Financial income | 75/76B | €2,581 | €3,436 | +€855 | +33.1% |
| Recurring financial income | 75 | €2,581 | €3,436 | +€855 | +33.1% |
| Financial charges | 65/66B | €9,408 | €14,941 | +€5,533 | +58.8% |
| Recurring financial charges | 65 | €9,408 | €14,941 | +€5,533 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €309,504 | -€75,124 | -€384,628 | |
| Income taxes | 67/77 | €81,259 | €153 | -€81,106 | -99.8% |
| Profit (loss) for the period | 9904 | €228,245 | -€75,277 | -€303,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €228,245 | -€75,277 | -€303,521 |
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 22 October 2026 via checked.be.