EQUIMED: 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.
EQUIMED
Largest movements
- Receivables within one year +€7,649
up €7,649 (+16.6%), from €45,947 to €53,596
of which Trade receivables: +€4,455
- Cash +€2,833
up €2,833 (+177.1%), from €1,599 to €4,432
mainly Net result for the year (+€39,691) and Other debts (+€15,548)
- Tangible fixed assets -€1,536
down €1,536 (-27.7%), from €5,553 to €4,017
- Deferred charges and accrued income +€1,384
up €1,384 (+2555.9%), from €54 to €1,438
- Other debts +€15,548
up €15,548 (+64.6%), from €24,052 to €39,600
- Tax, wage and social debts -€2,951
down €2,951 (-15.7%), from €18,848 to €15,897
of which Remuneration and social security: -€1,750
- Debts after one year -€2,554
no longer reported in 2025 (was €2,554)
- Gross operating margin +€20,618
up €20,618 (+66.2%), from €31,130 to €51,748
- Taxes +€2,466
up €2,466 (+35.4%), from €6,967 to €9,434
- Depreciation +€1,513
up €1,513 (+252.6%), from €599 to €2,112
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 | €53,237 | €63,566 | +€10,330 | +19.4% |
| Fixed assets | 21/28 | €5,636 | €4,100 | -€1,536 | -27.3% |
| Tangible fixed assets | 22/27 | €5,553 | €4,017 | -€1,536 | -27.7% |
| Furniture and vehicles | 24 | €5,553 | €4,017 | -€1,536 | -27.7% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €47,601 | €59,467 | +€11,866 | +24.9% |
| Amounts receivable within one year | 40/41 | €45,947 | €53,596 | +€7,649 | +16.6% |
| Trade receivables | 40 | €45,945 | €50,400 | +€4,455 | +9.7% |
| Other amounts receivable | 41 | €2 | €3,196 | +€3,194 | +129308.5% |
| Cash at bank and in hand | 54/58 | €1,599 | €4,432 | +€2,833 | +177.1% |
| Deferred charges and accrued income | 490/1 | €54 | €1,438 | +€1,384 | +2555.9% |
| Total equity and liabilities | 10/49 | €53,237 | €63,566 | +€10,330 | +19.4% |
| Equity | 10/15 | €1,139 | €1,230 | +€91 | +8.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39 | €130 | +€91 | +231.8% |
| Amounts payable | 17/49 | €52,097 | €62,336 | +€10,239 | +19.7% |
| Amounts payable after more than one year | 17 | €2,554 | - | -€2,554 | |
| Financial debts | 170/4 | €2,554 | - | -€2,554 | |
| Amounts payable within one year | 42/48 | €49,544 | €62,336 | +€12,792 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €2,963 | €2,554 | -€409 | -13.8% |
| Trade debts | 44 | €3,681 | €4,286 | +€605 | +16.4% |
| Suppliers | 440/4 | €3,681 | €4,286 | +€605 | +16.4% |
| Taxes, remuneration and social security | 45 | €18,848 | €15,897 | -€2,951 | -15.7% |
| Taxes | 450/3 | €17,098 | €15,897 | -€1,201 | -7.0% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €24,052 | €39,600 | +€15,548 | +64.6% |
| Remuneration, social security and pensions | 62 | €14 | €136 | +€122 | +846.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €2,112 | +€1,513 | +252.6% |
| Other operating charges | 640/8 | - | €178 | +€178 | |
| Gross operating margin | 9900 | €31,130 | €51,748 | +€20,618 | +66.2% |
| Operating profit (loss) | 9901 | €30,516 | €49,322 | +€18,805 | +61.6% |
| Financial income | 75/76B | €7 | €118 | +€111 | +1490.0% |
| Recurring financial income | 75 | €7 | €118 | +€111 | +1490.0% |
| Financial charges | 65/66B | €728 | €316 | -€413 | -56.7% |
| Recurring financial charges | 65 | €728 | €316 | -€413 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €29,795 | €49,124 | +€19,329 | +64.9% |
| Income taxes | 67/77 | €6,967 | €9,434 | +€2,466 | +35.4% |
| Profit (loss) for the period | 9904 | €22,828 | €39,691 | +€16,863 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,828 | €39,691 | +€16,863 | +73.9% |
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 3 October 2026 via checked.be.