equinity: 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.
equinity
Largest movements
- Receivables within one year -€144,963
down €144,963 (-30.5%), from €474,562 to €329,599
of which Other amounts receivable: -€130,374
- Receivables after one year -€53,314
no longer reported in 2025 (was €53,314)
- Cash +€51,789
up €51,789 (+79.8%), from €64,898 to €116,687
mainly Other debts (+€144,991) and Receivables within one year (+€144,963)
- Tangible fixed assets -€11,650
down €11,650 (-24.5%), from €47,489 to €35,839
of which Furniture and vehicles: -€6,890
- Reserves -€315,265
down €315,265 (-57.8%), from €545,670 to €230,405
of which Distributable reserves: -€315,265
- Other debts +€144,991
up €144,991 (+190%), from €76,235 to €221,225
- Tax, wage and social debts +€9,549
up €9,549 (+675%), from €1,415 to €10,964
- Gross operating margin +€54,903
up €54,903 (+278%), from €19,737 to €74,639
- Taxes +€15,174
up €15,174 (+171%), from €8,892 to €24,067
- Financial income -€9,452
down €9,452 (-48.0%), from €19,680 to €10,228
- Staff costs -€4,517
no longer reported in 2025 (was €4,517)
- Other operating charges -€2,734
down €2,734 (-85.6%), from €3,193 to €459
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 | €647,296 | €482,719 | -€164,577 | -25.4% |
| Fixed assets | 21/28 | €47,489 | €35,839 | -€11,650 | -24.5% |
| Tangible fixed assets | 22/27 | €47,489 | €35,839 | -€11,650 | -24.5% |
| Furniture and vehicles | 24 | €15,888 | €8,998 | -€6,890 | -43.4% |
| Other tangible fixed assets | 26 | €31,601 | €26,840 | -€4,760 | -15.1% |
| Current assets | 29/58 | €599,808 | €446,880 | -€152,927 | -25.5% |
| Amounts receivable after more than one year | 29 | €53,314 | - | -€53,314 | |
| Other amounts receivable | 291 | €53,314 | - | -€53,314 | |
| Amounts receivable within one year | 40/41 | €474,562 | €329,599 | -€144,963 | -30.5% |
| Trade receivables | 40 | €19,588 | €4,999 | -€14,589 | -74.5% |
| Other amounts receivable | 41 | €454,974 | €324,600 | -€130,374 | -28.7% |
| Cash at bank and in hand | 54/58 | €64,898 | €116,687 | +€51,789 | +79.8% |
| Deferred charges and accrued income | 490/1 | €7,033 | €594 | -€6,439 | -91.6% |
| Total equity and liabilities | 10/49 | €647,296 | €482,719 | -€164,577 | -25.4% |
| Equity | 10/15 | €551,870 | €236,605 | -€315,265 | -57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €545,670 | €230,405 | -€315,265 | -57.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €543,810 | €228,545 | -€315,265 | -58.0% |
| Amounts payable | 17/49 | €95,426 | €246,114 | +€150,688 | +158% |
| Amounts payable within one year | 42/48 | €95,426 | €246,114 | +€150,688 | +158% |
| Financial debts | 43 | €13,382 | €13,450 | +€68 | +0.5% |
| Credit institutions | 430/8 | €13,382 | €13,450 | +€68 | +0.5% |
| Trade debts | 44 | €4,395 | €475 | -€3,920 | -89.2% |
| Suppliers | 440/4 | €4,395 | €475 | -€3,920 | -89.2% |
| Taxes, remuneration and social security | 45 | €1,415 | €10,964 | +€9,549 | +675% |
| Taxes | 450/3 | €1,415 | €10,964 | +€9,549 | +675% |
| Other amounts payable | 47/48 | €76,235 | €221,225 | +€144,991 | +190% |
| Remuneration, social security and pensions | 62 | €4,517 | - | -€4,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,359 | €14,234 | +€875 | +6.6% |
| Other operating charges | 640/8 | €3,193 | €459 | -€2,734 | -85.6% |
| Gross operating margin | 9900 | €19,737 | €74,639 | +€54,903 | +278% |
| Operating profit (loss) | 9901 | -€1,332 | €59,947 | +€61,279 | |
| Financial income | 75/76B | €19,680 | €10,228 | -€9,452 | -48.0% |
| Recurring financial income | 75 | €19,680 | €10,228 | -€9,452 | -48.0% |
| Financial charges | 65/66B | €1,165 | €2,075 | +€910 | +78.1% |
| Recurring financial charges | 65 | €1,165 | €2,075 | +€910 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €17,183 | €68,099 | +€50,917 | +296% |
| Income taxes | 67/77 | €8,892 | €24,067 | +€15,174 | +171% |
| Profit (loss) for the period | 9904 | €8,290 | €44,033 | +€35,742 | +431% |
| Profit (loss) for the period to be appropriated | 9905 | €8,290 | €44,033 | +€35,742 | +431% |
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 14 October 2026 via checked.be.