EQUINEOS: 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.
EQUINEOS
Largest movements
- Receivables within one year -€42,740
down €42,740 (-51.3%), from €83,321 to €40,581
of which Trade receivables: -€48,569
- Cash -€11,640
down €11,640 (-34.3%), from €33,927 to €22,287
mainly Net result for the year (-€55,563) and Trade debts (-€4,401)
- Tangible fixed assets -€3,374
down €3,374 (-15.7%), from €21,546 to €18,172
of which Furniture and vehicles: -€1,974
- Deferred charges and accrued income +€2,340
up €2,340 (+104.1%), from €2,247 to €4,587
- Profit (loss) carried forward -€55,563
down €55,563 (-214.3%), from -€25,926 to -€81,489
- Other debts +€6,353
up €6,353 (+20.8%), from €30,584 to €36,937
- Trade debts -€4,401
down €4,401 (-26.6%), from €16,544 to €12,143
- Tax, wage and social debts -€1,804
down €1,804 (-15.8%), from €11,439 to €9,635
of which Taxes: -€6,762
- Gross operating margin -€61,802
down €61,802, from €22,740 to -€39,063
- Other operating charges +€24,985
up €24,985 (+1166.6%), from €2,142 to €27,126
- Write-downs -€16,056
down €16,056 (-822.8%), from -€1,951 to -€18,008
- Taxes +€649
up €649 (+75500.0%), from €1 to €650
- Staff costs -€495
no longer reported in 2025 (was €495)
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 | €141,141 | €85,726 | -€55,415 | -39.3% |
| Fixed assets | 21/28 | €21,646 | €18,272 | -€3,374 | -15.6% |
| Tangible fixed assets | 22/27 | €21,546 | €18,172 | -€3,374 | -15.7% |
| Furniture and vehicles | 24 | €9,101 | €7,127 | -€1,974 | -21.7% |
| Other tangible fixed assets | 26 | €12,444 | €11,045 | -€1,399 | -11.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €119,495 | €67,454 | -€52,041 | -43.6% |
| Amounts receivable within one year | 40/41 | €83,321 | €40,581 | -€42,740 | -51.3% |
| Trade receivables | 40 | €81,815 | €33,247 | -€48,569 | -59.4% |
| Other amounts receivable | 41 | €1,506 | €7,334 | +€5,828 | +387.1% |
| Cash at bank and in hand | 54/58 | €33,927 | €22,287 | -€11,640 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,247 | €4,587 | +€2,340 | +104.1% |
| Total equity and liabilities | 10/49 | €141,141 | €85,726 | -€55,415 | -39.3% |
| Equity | 10/15 | €18,074 | -€37,489 | -€55,563 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,926 | -€81,489 | -€55,563 | -214.3% |
| Amounts payable | 17/49 | €123,067 | €123,215 | +€148 | +0.1% |
| Amounts payable after more than one year | 17 | €64,500 | €64,500 | = | 0.0% |
| Other amounts payable | 178/9 | €64,500 | €64,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,567 | €58,715 | +€148 | +0.3% |
| Trade debts | 44 | €16,544 | €12,143 | -€4,401 | -26.6% |
| Suppliers | 440/4 | €16,544 | €12,143 | -€4,401 | -26.6% |
| Taxes, remuneration and social security | 45 | €11,439 | €9,635 | -€1,804 | -15.8% |
| Taxes | 450/3 | €9,660 | €2,898 | -€6,762 | -70.0% |
| Remuneration and social security | 454/9 | €1,779 | €6,738 | +€4,959 | +278.7% |
| Other amounts payable | 47/48 | €30,584 | €36,937 | +€6,353 | +20.8% |
| Remuneration, social security and pensions | 62 | €495 | - | -€495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,712 | €5,570 | -€142 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,951 | -€18,008 | -€16,056 | -822.8% |
| Other operating charges | 640/8 | €2,142 | €27,126 | +€24,985 | +1166.6% |
| Gross operating margin | 9900 | €22,740 | -€39,063 | -€61,802 | |
| Operating profit (loss) | 9901 | €16,342 | -€53,752 | -€70,094 | |
| Financial income | 75/76B | €195 | €44 | -€151 | -77.4% |
| Recurring financial income | 75 | €195 | €44 | -€151 | -77.4% |
| Financial charges | 65/66B | €1,271 | €1,206 | -€66 | -5.2% |
| Recurring financial charges | 65 | €1,271 | €1,206 | -€66 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €15,266 | -€54,913 | -€70,179 | |
| Income taxes | 67/77 | €1 | €650 | +€649 | +75500.0% |
| Profit (loss) for the period | 9904 | €15,265 | -€55,563 | -€70,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,265 | -€55,563 | -€70,829 |
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 3 October 2026 via checked.be.