Equinex: 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.
Equinex
Largest movements
- Stocks and contracts -€3.1m
down €3.1m (-39.7%), from €7.7m to €4.6m
- Receivables within one year +€473,581
up €473,581 (+416.7%), from €113,656 to €587,236
of which Other amounts receivable: +€453,132
- Tangible fixed assets +€300,266
up €300,266 (+7.7%), from €3.9m to €4.2m
of which Land and buildings: +€161,537
- Deferred charges and accrued income +€238,433
up €238,433 (+150.5%), from €158,389 to €396,822
- Current portion of long-term debt -€2.4m
down €2.4m (-38.5%), from €6.3m to €3.9m
- Trade debts +€301,000
up €301,000 (+436.1%), from €69,016 to €370,016
- Reserves +€256,743
up €256,743 (+15.8%), from €1.6m to €1.9m
- Financial charges +€119,076
up €119,076 (+27.9%), from €426,828 to €545,905
- Gross operating margin +€90,221
up €90,221 (+10.8%), from €835,009 to €925,230
- Taxes -€29,073
down €29,073 (-25.6%), from €113,419 to €84,347
- Depreciation -€16,679
down €16,679 (-47.7%), from €34,989 to €18,310
- Other operating charges +€16,605
up €16,605 (+193.3%), from €8,588 to €25,194
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 | €11,960,559 | €10,036,264 | -€1.9m | -16.1% |
| Fixed assets | 21/28 | €3,908,188 | €4,208,454 | +€300,266 | +7.7% |
| Tangible fixed assets | 22/27 | €3,907,688 | €4,207,954 | +€300,266 | +7.7% |
| Land and buildings | 22 | €3,705,618 | €3,867,155 | +€161,537 | +4.4% |
| Plant, machinery and equipment | 23 | €7,231 | €10,331 | +€3,099 | +42.9% |
| Furniture and vehicles | 24 | €54,976 | €167,271 | +€112,295 | +204.3% |
| Other tangible fixed assets | 26 | €139,862 | €163,197 | +€23,335 | +16.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €8,052,371 | €5,827,810 | -€2.2m | -27.6% |
| Stocks and contracts in progress | 3 | €7,696,431 | €4,641,700 | -€3.1m | -39.7% |
| Stocks | 30/36 | €7,696,431 | €4,641,700 | -€3.1m | -39.7% |
| Amounts receivable within one year | 40/41 | €113,656 | €587,236 | +€473,581 | +416.7% |
| Trade receivables | 40 | €108,197 | €128,646 | +€20,449 | +18.9% |
| Other amounts receivable | 41 | €5,459 | €458,590 | +€453,132 | +8301.3% |
| Cash at bank and in hand | 54/58 | €83,896 | €202,053 | +€118,157 | +140.8% |
| Deferred charges and accrued income | 490/1 | €158,389 | €396,822 | +€238,433 | +150.5% |
| Total equity and liabilities | 10/49 | €11,960,559 | €10,036,264 | -€1.9m | -16.1% |
| Equity | 10/15 | €2,031,396 | €2,228,138 | +€196,743 | +9.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | €410,000 | €350,000 | -€60,000 | -14.6% |
| Reserves | 13 | €1,620,396 | €1,877,138 | +€256,743 | +15.8% |
| Distributable reserves | 133 | €1,620,396 | €1,877,138 | +€256,743 | +15.8% |
| Amounts payable | 17/49 | €9,929,163 | €7,808,126 | -€2.1m | -21.4% |
| Amounts payable after more than one year | 17 | €3,328,548 | €3,236,286 | -€92,262 | -2.8% |
| Financial debts | 170/4 | €3,328,548 | €3,236,286 | -€92,262 | -2.8% |
| Amounts payable within one year | 42/48 | €6,600,615 | €4,571,840 | -€2.0m | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €6,346,103 | €3,903,398 | -€2.4m | -38.5% |
| Trade debts | 44 | €69,016 | €370,016 | +€301,000 | +436.1% |
| Suppliers | 440/4 | €69,016 | €370,016 | +€301,000 | +436.1% |
| Taxes, remuneration and social security | 45 | €184,160 | €298,426 | +€114,266 | +62.0% |
| Taxes | 450/3 | €184,160 | €298,045 | +€113,885 | +61.8% |
| Remuneration and social security | 454/9 | - | €381 | +€381 | |
| Other amounts payable | 47/48 | €1,336 | - | -€1,336 | |
| Remuneration, social security and pensions | 62 | - | €5,827 | +€5,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,989 | €18,310 | -€16,679 | -47.7% |
| Other operating charges | 640/8 | €8,588 | €25,194 | +€16,605 | +193.3% |
| Gross operating margin | 9900 | €835,009 | €925,230 | +€90,221 | +10.8% |
| Operating profit (loss) | 9901 | €791,432 | €875,899 | +€84,468 | +10.7% |
| Financial income | 75/76B | €10 | €11,095 | +€11,085 | +112652.4% |
| Recurring financial income | 75 | €10 | €11,095 | +€11,085 | +112652.4% |
| Financial charges | 65/66B | €426,828 | €545,905 | +€119,076 | +27.9% |
| Recurring financial charges | 65 | €426,828 | €545,905 | +€119,076 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €364,613 | €341,090 | -€23,524 | -6.5% |
| Income taxes | 67/77 | €113,419 | €84,347 | -€29,073 | -25.6% |
| Profit (loss) for the period | 9904 | €251,194 | €256,743 | +€5,549 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €251,194 | €256,743 | +€5,549 | +2.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.