EQUINOBLI: 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.
EQUINOBLI
Largest movements
- Tangible fixed assets -€27,727
down €27,727 (-10.3%), from €269,642 to €241,915
of which Land and buildings: -€17,532
- Receivables within one year -€10,838
down €10,838 (-20.6%), from €52,628 to €41,790
of which Trade receivables: -€12,689
- Cash +€10,684
new in 2025: €10,684
mainly Depreciation (+€28,856) and Receivables within one year (+€10,838)
- Trade debts -€10,150
down €10,150 (-68.0%), from €14,919 to €4,769
- Profit (loss) carried forward -€9,006
down €9,006 (-6.6%), from -€136,785 to -€145,792
- Other debts -€6,604
down €6,604 (-2.6%), from €252,592 to €245,988
- Tax, wage and social debts -€5,068
down €5,068 (-100%), from €5,068 to €0
- Gross operating margin +€39,822
up €39,822, from -€3,682 to €36,140
- Depreciation -€2,315
down €2,315 (-7.4%), from €31,171 to €28,856
- Financial charges -€1,513
down €1,513 (-8.1%), from €18,688 to €17,175
- Financial income -€1,008
down €1,008 (-24.1%), from €4,187 to €3,179
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 | €339,831 | €312,006 | -€27,825 | -8.2% |
| Fixed assets | 21/28 | €269,642 | €241,915 | -€27,727 | -10.3% |
| Tangible fixed assets | 22/27 | €269,642 | €241,915 | -€27,727 | -10.3% |
| Land and buildings | 22 | €220,984 | €203,452 | -€17,532 | -7.9% |
| Plant, machinery and equipment | 23 | €9,991 | €7,797 | -€2,194 | -22.0% |
| Furniture and vehicles | 24 | €38,667 | €30,666 | -€8,001 | -20.7% |
| Current assets | 29/58 | €70,189 | €70,091 | -€98 | -0.1% |
| Amounts receivable within one year | 40/41 | €52,628 | €41,790 | -€10,838 | -20.6% |
| Trade receivables | 40 | €52,628 | €39,939 | -€12,689 | -24.1% |
| Other amounts receivable | 41 | €0 | €1,851 | +€1,851 | |
| Cash at bank and in hand | 54/58 | - | €10,684 | +€10,684 | |
| Deferred charges and accrued income | 490/1 | €17,561 | €17,617 | +€56 | +0.3% |
| Total equity and liabilities | 10/49 | €339,831 | €312,006 | -€27,825 | -8.2% |
| Equity | 10/15 | -€4,150 | -€13,156 | -€9,006 | -217% |
| Contributions | 10/11 | €9,304 | €9,304 | = | 0.0% |
| Reserves | 13 | €123,331 | €123,331 | = | 0.0% |
| Distributable reserves | 133 | €123,331 | €123,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,785 | -€145,792 | -€9,006 | -6.6% |
| Amounts payable | 17/49 | €343,981 | €325,162 | -€18,819 | -5.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €343,981 | €325,162 | -€18,819 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €71,402 | €74,405 | +€3,003 | +4.2% |
| Credit institutions | 430/8 | €71,402 | €74,405 | +€3,003 | +4.2% |
| Trade debts | 44 | €14,919 | €4,769 | -€10,150 | -68.0% |
| Suppliers | 440/4 | €14,919 | €4,769 | -€10,150 | -68.0% |
| Taxes, remuneration and social security | 45 | €5,068 | €0 | -€5,068 | -100% |
| Taxes | 450/3 | €5,068 | €0 | -€5,068 | -100% |
| Other amounts payable | 47/48 | €252,592 | €245,988 | -€6,604 | -2.6% |
| Non-recurring operating income | 76A | €434 | €32,129 | +€31,695 | +7,305% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,171 | €28,856 | -€2,315 | -7.4% |
| Other operating charges | 640/8 | €2,450 | €2,117 | -€333 | -13.6% |
| Non-recurring operating charges | 66A | €12,792 | €177 | -€12,615 | -98.6% |
| Gross operating margin | 9900 | -€3,682 | €36,140 | +€39,822 | |
| Operating profit (loss) | 9901 | -€50,096 | €4,990 | +€55,085 | |
| Financial income | 75/76B | €4,187 | €3,179 | -€1,008 | -24.1% |
| Recurring financial income | 75 | €4,187 | €3,179 | -€1,008 | -24.1% |
| Financial charges | 65/66B | €18,688 | €17,175 | -€1,513 | -8.1% |
| Recurring financial charges | 65 | €18,688 | €17,175 | -€1,513 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,597 | -€9,006 | +€55,590 | +86.1% |
| Income taxes | 67/77 | €94 | €0 | -€94 | -100% |
| Profit (loss) for the period | 9904 | -€64,691 | -€9,006 | +€55,684 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,691 | -€9,006 | +€55,684 | +86.1% |
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 17 October 2026 via checked.be.