EQUIMIE: 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.
EQUIMIE
Largest movements
- Stocks and contracts +€160,000
up €160,000 (+30.3%), from €528,500 to €688,500
- Tangible fixed assets +€94,852
up €94,852 (+13.9%), from €683,916 to €778,767
of which Furniture and vehicles: +€93,701
- Cash -€30,053
down €30,053 (-61.3%), from €49,045 to €18,992
mainly Investment in fixed assets (net) (-€205,935) and Stocks and contracts (-€160,000)
- Debts after one year +€275,000
up €275,000 (+17.7%), from €1.6m to €1.8m
- Trade debts -€56,693
down €56,693 (-72.3%), from €78,463 to €21,770
- Gross operating margin -€59,232
down €59,232 (-28.1%), from €210,913 to €151,681
- Depreciation +€19,669
up €19,669 (+21.5%), from €91,414 to €111,083
- Staff costs -€5,751
down €5,751 (-11.6%), from €49,740 to €43,989
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 | €1,292,926 | €1,507,942 | +€215,016 | +16.6% |
| Fixed assets | 21/28 | €686,061 | €780,913 | +€94,852 | +13.8% |
| Intangible fixed assets | 21 | €2,146 | €2,146 | = | 0.0% |
| Tangible fixed assets | 22/27 | €683,916 | €778,767 | +€94,852 | +13.9% |
| Land and buildings | 22 | €322,890 | €301,137 | -€21,753 | -6.7% |
| Plant, machinery and equipment | 23 | €55,090 | €77,995 | +€22,904 | +41.6% |
| Furniture and vehicles | 24 | €305,935 | €399,636 | +€93,701 | +30.6% |
| Current assets | 29/58 | €606,865 | €727,029 | +€120,164 | +19.8% |
| Stocks and contracts in progress | 3 | €528,500 | €688,500 | +€160,000 | +30.3% |
| Stocks | 30/36 | €528,500 | €688,500 | +€160,000 | +30.3% |
| Amounts receivable within one year | 40/41 | €25,961 | €16,382 | -€9,579 | -36.9% |
| Trade receivables | 40 | €9,060 | €12,626 | +€3,566 | +39.4% |
| Other amounts receivable | 41 | €16,901 | €3,756 | -€13,145 | -77.8% |
| Cash at bank and in hand | 54/58 | €49,045 | €18,992 | -€30,053 | -61.3% |
| Deferred charges and accrued income | 490/1 | €3,359 | €3,155 | -€204 | -6.1% |
| Total equity and liabilities | 10/49 | €1,292,926 | €1,507,942 | +€215,016 | +16.6% |
| Equity | 10/15 | -€338,441 | -€341,007 | -€2,566 | -0.8% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €4,461 | €4,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,461 | €4,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386,283 | -€388,850 | -€2,566 | -0.7% |
| Amounts payable | 17/49 | €1,631,367 | €1,848,950 | +€217,582 | +13.3% |
| Amounts payable after more than one year | 17 | €1,550,000 | €1,825,000 | +€275,000 | +17.7% |
| Financial debts | 170/4 | €1,550,000 | €1,825,000 | +€275,000 | +17.7% |
| Amounts payable within one year | 42/48 | €81,367 | €23,950 | -€57,418 | -70.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €78,463 | €21,770 | -€56,693 | -72.3% |
| Suppliers | 440/4 | €78,463 | €21,770 | -€56,693 | -72.3% |
| Taxes, remuneration and social security | 45 | €2,904 | €2,179 | -€725 | -25.0% |
| Taxes | 450/3 | €87 | €0 | -€87 | -100.0% |
| Remuneration and social security | 454/9 | €2,818 | €2,179 | -€638 | -22.7% |
| Non-recurring operating income | 76A | €0 | €41,725 | +€41,725 | |
| Remuneration, social security and pensions | 62 | €49,740 | €43,989 | -€5,751 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,414 | €111,083 | +€19,669 | +21.5% |
| Other operating charges | 640/8 | €887 | €507 | -€380 | -42.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €210,913 | €151,681 | -€59,232 | -28.1% |
| Operating profit (loss) | 9901 | €68,872 | -€3,898 | -€72,770 | |
| Financial income | 75/76B | €0 | €1,443 | +€1,443 | |
| Recurring financial income | 75 | €0 | €1,443 | +€1,443 | |
| Financial charges | 65/66B | €158 | €111 | -€47 | -29.6% |
| Recurring financial charges | 65 | €158 | €111 | -€47 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €68,713 | -€2,566 | -€71,280 | |
| Profit (loss) for the period | 9904 | €68,713 | -€2,566 | -€71,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,713 | -€2,566 | -€71,280 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.