EQUINAT: 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.
EQUINAT
Largest movements
- Cash -€115,578
down €115,578 (-93.0%), from €124,268 to €8,690
mainly Other debts (-€186,654) and Net result for the year (-€36,676)
- Tangible fixed assets -€25,136
down €25,136 (-23.8%), from €105,534 to €80,397
of which Plant, machinery and equipment: -€24,170
- Intangible fixed assets -€13,954
down €13,954 (-34.3%), from €40,716 to €26,762
- Other debts -€186,654
down €186,654 (-45.2%), from €412,917 to €226,262
- Debts after one year +€75,985
up €75,985 (+18.8%), from €404,441 to €480,427
- Profit (loss) carried forward -€36,676
down €36,676 (-11.0%), from -€332,899 to -€369,574
- Trade debts -€11,747
down €11,747 (-64.5%), from €18,205 to €6,457
- Gross operating margin -€21,633
down €21,633 (-62.7%), from €34,502 to €12,869
- Taxes -€2,636
down €2,636 (-96.8%), from €2,723 to €87
- Other operating charges +€637
up €637 (+10.6%), from €6,020 to €6,658
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,895 | €388,967 | -€155,928 | -28.6% |
| Fixed assets | 21/28 | €396,550 | €357,459 | -€39,090 | -9.9% |
| Intangible fixed assets | 21 | €40,716 | €26,762 | -€13,954 | -34.3% |
| Tangible fixed assets | 22/27 | €105,534 | €80,397 | -€25,136 | -23.8% |
| Plant, machinery and equipment | 23 | €103,912 | €79,742 | -€24,170 | -23.3% |
| Furniture and vehicles | 24 | €1,621 | €655 | -€966 | -59.6% |
| Financial fixed assets | 28 | €250,300 | €250,300 | = | 0.0% |
| Current assets | 29/58 | €148,345 | €31,507 | -€116,838 | -78.8% |
| Amounts receivable within one year | 40/41 | €21,414 | €22,799 | +€1,385 | +6.5% |
| Trade receivables | 40 | €20,031 | €17,570 | -€2,461 | -12.3% |
| Other amounts receivable | 41 | €1,383 | €5,229 | +€3,846 | +278.2% |
| Cash at bank and in hand | 54/58 | €124,268 | €8,690 | -€115,578 | -93.0% |
| Deferred charges and accrued income | 490/1 | €2,664 | €18 | -€2,645 | -99.3% |
| Total equity and liabilities | 10/49 | €544,895 | €388,967 | -€155,928 | -28.6% |
| Equity | 10/15 | -€314,299 | -€350,974 | -€36,676 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,899 | -€369,574 | -€36,676 | -11.0% |
| Amounts payable | 17/49 | €859,194 | €739,941 | -€119,253 | -13.9% |
| Amounts payable after more than one year | 17 | €404,441 | €480,427 | +€75,985 | +18.8% |
| Financial debts | 170/4 | €404,441 | €480,427 | +€75,985 | +18.8% |
| Amounts payable within one year | 42/48 | €454,753 | €259,514 | -€195,238 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €23,433 | €24,015 | +€581 | +2.5% |
| Trade debts | 44 | €18,205 | €6,457 | -€11,747 | -64.5% |
| Suppliers | 440/4 | €18,205 | €6,457 | -€11,747 | -64.5% |
| Advances received on contracts in progress | 46 | - | €2,490 | +€2,490 | |
| Taxes, remuneration and social security | 45 | €198 | €290 | +€93 | +46.9% |
| Taxes | 450/3 | €198 | €290 | +€93 | +46.9% |
| Other amounts payable | 47/48 | €412,917 | €226,262 | -€186,654 | -45.2% |
| Remuneration, social security and pensions | 62 | €73 | €7 | -€67 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,773 | €39,090 | +€317 | +0.8% |
| Other operating charges | 640/8 | €6,020 | €6,658 | +€637 | +10.6% |
| Non-recurring operating charges | 66A | €1,736 | - | -€1,736 | |
| Gross operating margin | 9900 | €34,502 | €12,869 | -€21,633 | -62.7% |
| Operating profit (loss) | 9901 | -€12,101 | -€32,886 | -€20,785 | -171.8% |
| Financial income | 75/76B | €1 | €75 | +€74 | +7331.7% |
| Recurring financial income | 75 | €1 | €75 | +€74 | +7331.7% |
| Financial charges | 65/66B | €3,495 | €3,778 | +€283 | +8.1% |
| Recurring financial charges | 65 | €3,495 | €3,778 | +€283 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,595 | -€36,588 | -€20,994 | -134.6% |
| Income taxes | 67/77 | €2,723 | €87 | -€2,636 | -96.8% |
| Profit (loss) for the period | 9904 | -€18,318 | -€36,676 | -€18,358 | -100.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,318 | -€36,676 | -€18,358 | -100.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.