EQUIM: 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.
EQUIM
Largest movements
- Receivables within one year -€4.6m
down €4.6m (-26.0%), from €17.6m to €13.0m
of which Other amounts receivable: -€4.6m
- Other debts -€4.9m
down €4.9m (-22.4%), from €21.7m to €16.8m
- Financial income -€371,438
down €371,438 (-55.1%), from €674,059 to €302,620
- Gross operating margin -€17,724
down €17,724 (-33.7%), from €52,577 to €34,852
- Staff costs +€9,687
up €9,687 (+29.0%), from €33,365 to €43,052
- Other operating charges +€6,777
up €6,777 (+56.5%), from €11,993 to €18,769
- Depreciation +€636
up €636 (+0.5%), from €135,772 to €136,408
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 | €22,472,171 | €17,755,712 | -€4.7m | -21.0% |
| Fixed assets | 21/28 | €4,654,290 | €4,557,098 | -€97,192 | -2.1% |
| Tangible fixed assets | 22/27 | €4,654,290 | €4,557,098 | -€97,192 | -2.1% |
| Land and buildings | 22 | €2,079,008 | €2,029,646 | -€49,362 | -2.4% |
| Plant, machinery and equipment | 23 | €2,575,282 | €2,527,452 | -€47,830 | -1.9% |
| Current assets | 29/58 | €17,817,881 | €13,198,614 | -€4.6m | -25.9% |
| Amounts receivable within one year | 40/41 | €17,570,152 | €13,008,487 | -€4.6m | -26.0% |
| Trade receivables | 40 | €16,223 | €20,623 | +€4,400 | +27.1% |
| Other amounts receivable | 41 | €17,553,929 | €12,987,864 | -€4.6m | -26.0% |
| Cash at bank and in hand | 54/58 | €103,715 | €190,127 | +€86,412 | +83.3% |
| Deferred charges and accrued income | 490/1 | €144,015 | - | -€144,015 | |
| Total equity and liabilities | 10/49 | €22,472,171 | €17,755,712 | -€4.7m | -21.0% |
| Equity | 10/15 | €781,193 | €920,385 | +€139,192 | +17.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,807 | -€79,615 | +€139,192 | +63.6% |
| Amounts payable | 17/49 | €21,690,979 | €16,835,327 | -€4.9m | -22.4% |
| Amounts payable within one year | 42/48 | €21,690,979 | €16,835,327 | -€4.9m | -22.4% |
| Trade debts | 44 | €3,603 | €6,050 | +€2,448 | +67.9% |
| Suppliers | 440/4 | €3,603 | €6,050 | +€2,448 | +67.9% |
| Taxes, remuneration and social security | 45 | €619 | €4,422 | +€3,804 | +614.9% |
| Taxes | 450/3 | - | €4,422 | +€4,422 | |
| Remuneration and social security | 454/9 | €619 | - | -€619 | |
| Other amounts payable | 47/48 | €21,686,757 | €16,824,854 | -€4.9m | -22.4% |
| Remuneration, social security and pensions | 62 | €33,365 | €43,052 | +€9,687 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,772 | €136,408 | +€636 | +0.5% |
| Other operating charges | 640/8 | €11,993 | €18,769 | +€6,777 | +56.5% |
| Gross operating margin | 9900 | €52,577 | €34,852 | -€17,724 | -33.7% |
| Operating profit (loss) | 9901 | -€128,553 | -€163,377 | -€34,824 | -27.1% |
| Financial income | 75/76B | €674,059 | €302,620 | -€371,438 | -55.1% |
| Recurring financial income | 75 | €674,059 | €302,620 | -€371,438 | -55.1% |
| Financial charges | 65/66B | €132 | €51 | -€81 | -61.5% |
| Recurring financial charges | 65 | €132 | €51 | -€81 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €545,373 | €139,192 | -€406,181 | -74.5% |
| Profit (loss) for the period | 9904 | €545,373 | €139,192 | -€406,181 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €545,373 | €139,192 | -€406,181 | -74.5% |
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.