EQUINET: 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.
EQUINET
Largest movements
- Cash -€189,691
down €189,691 (-11.3%), from €1.7m to €1.5m
mainly Accrued charges and deferred income (-€176,663) and Deferred charges and accrued income (-€40,600)
- Deferred charges and accrued income +€40,600
up €40,600 (+20.9%), from €194,592 to €235,192
- Accrued charges and deferred income -€176,663
down €176,663 (-12.3%), from €1.4m to €1.3m
- Debts within one year +€32,899
up €32,899 (+7.7%), from €426,035 to €458,934
of which Tax, wage and social debts: +€21,174
- Gross operating margin +€177,177
up €177,177 (+16.9%), from €1.0m to €1.2m
- Staff costs +€129,547
up €129,547 (+12.2%), from €1.1m to €1.2m
- Financial charges +€18,776
up €18,776 (+827%), from €2,270 to €21,046
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.
Derived cash bridge
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 | €1,890,179 | €1,753,603 | -€136,576 | -7.2% |
| Fixed assets | 21/28 | €9,247 | €8,194 | -€1,053 | -11.4% |
| Tangible fixed assets | 22/27 | €9,147 | €8,094 | -€1,053 | -11.5% |
| Furniture and vehicles | 24 | €9,147 | €8,094 | -€1,053 | -11.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,880,932 | €1,745,409 | -€135,523 | -7.2% |
| Amounts receivable within one year | 40/41 | €3,959 | €17,527 | +€13,568 | +343% |
| Other amounts receivable | 41 | €3,959 | €17,527 | +€13,568 | +343% |
| Cash at bank and in hand | 54/58 | €1,682,381 | €1,492,690 | -€189,691 | -11.3% |
| Deferred charges and accrued income | 490/1 | €194,592 | €235,192 | +€40,600 | +20.9% |
| Total equity and liabilities | 10/49 | €1,890,179 | €1,753,603 | -€136,576 | -7.2% |
| Equity | 10/15 | €25,428 | €32,616 | +€7,188 | +28.3% |
| Profit (loss) carried forward | 14 | €25,428 | €32,616 | +€7,188 | +28.3% |
| Amounts payable | 17/49 | €1,864,751 | €1,720,987 | -€143,764 | -7.7% |
| Amounts payable within one year | 42/48 | €426,035 | €458,934 | +€32,899 | +7.7% |
| Trade debts | 44 | €160,221 | €171,946 | +€11,725 | +7.3% |
| Suppliers | 440/4 | €160,221 | €171,946 | +€11,725 | +7.3% |
| Taxes, remuneration and social security | 45 | €252,021 | €273,195 | +€21,174 | +8.4% |
| Taxes | 450/3 | €63,855 | €58,340 | -€5,515 | -8.6% |
| Remuneration and social security | 454/9 | €188,166 | €214,855 | +€26,689 | +14.2% |
| Accrued charges and deferred income | 492/3 | €1,438,716 | €1,262,052 | -€176,663 | -12.3% |
| Non-recurring operating income | 76A | €559 | - | -€559 | |
| Remuneration, social security and pensions | 62 | €1,063,598 | €1,193,146 | +€129,547 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,819 | €4,614 | +€795 | +20.8% |
| Non-recurring operating charges | 66A | €21 | €105 | +€84 | +412% |
| Gross operating margin | 9900 | €1,048,916 | €1,226,092 | +€177,177 | +16.9% |
| Operating profit (loss) | 9901 | -€18,523 | €28,228 | +€46,750 | |
| Financial income | 75/76B | €7,860 | €7 | -€7,853 | -99.9% |
| Recurring financial income | 75 | €7,860 | €7 | -€7,853 | -99.9% |
| Financial charges | 65/66B | €2,270 | €21,046 | +€18,776 | +827% |
| Recurring financial charges | 65 | €2,270 | €21,046 | +€18,776 | +827% |
| Profit (loss) for the period before taxes | 9903 | -€12,933 | €7,188 | +€20,121 | |
| Profit (loss) for the period | 9904 | -€12,933 | €7,188 | +€20,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,933 | €7,188 | +€20,121 |
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 13 October 2026 via checked.be.