Equinovation: 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.
Equinovation
Largest movements
- Cash -€10,250
down €10,250 (-17.6%), from €58,149 to €47,899
mainly Receivables within one year (-€7,687) and Investment in fixed assets (net) (-€4,349)
- Receivables within one year +€7,687
up €7,687 (+62.0%), from €12,405 to €20,092
of which Other amounts receivable: +€10,000
- Tangible fixed assets -€2,740
down €2,740 (-12.4%), from €22,016 to €19,275
of which Furniture and vehicles: -€2,700
- Other debts -€2,330
down €2,330 (-24.9%), from €9,367 to €7,038
- Trade debts -€1,497
down €1,497 (-64.4%), from €2,326 to €829
- Reserves -€951
down €951 (-1.6%), from €59,591 to €58,641
- Gross operating margin -€50,623
down €50,623 (-86.0%), from €58,882 to €8,259
- Taxes -€9,545
down €9,545 (-91.4%), from €10,446 to €901
- Other operating charges -€1,452
down €1,452 (-66.7%), from €2,176 to €724
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 | €92,570 | €87,266 | -€5,304 | -5.7% |
| Fixed assets | 21/28 | €22,016 | €19,275 | -€2,740 | -12.4% |
| Tangible fixed assets | 22/27 | €22,016 | €19,275 | -€2,740 | -12.4% |
| Plant, machinery and equipment | 23 | €4,000 | €6,049 | +€2,049 | +51.2% |
| Furniture and vehicles | 24 | €6,658 | €3,958 | -€2,700 | -40.6% |
| Other tangible fixed assets | 26 | €11,358 | €9,269 | -€2,089 | -18.4% |
| Current assets | 29/58 | €70,554 | €67,990 | -€2,564 | -3.6% |
| Amounts receivable within one year | 40/41 | €12,405 | €20,092 | +€7,687 | +62.0% |
| Trade receivables | 40 | €12,325 | €10,012 | -€2,313 | -18.8% |
| Other amounts receivable | 41 | €80 | €10,080 | +€10,000 | +12,500% |
| Cash at bank and in hand | 54/58 | €58,149 | €47,899 | -€10,250 | -17.6% |
| Total equity and liabilities | 10/49 | €92,570 | €87,266 | -€5,304 | -5.7% |
| Equity | 10/15 | €64,591 | €63,641 | -€951 | -1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,591 | €58,641 | -€951 | -1.6% |
| Distributable reserves | 133 | €59,591 | €58,641 | -€951 | -1.6% |
| Amounts payable | 17/49 | €27,978 | €23,625 | -€4,353 | -15.6% |
| Amounts payable within one year | 42/48 | €27,978 | €23,625 | -€4,353 | -15.6% |
| Trade debts | 44 | €2,326 | €829 | -€1,497 | -64.4% |
| Suppliers | 440/4 | €2,326 | €829 | -€1,497 | -64.4% |
| Taxes, remuneration and social security | 45 | €16,285 | €15,759 | -€527 | -3.2% |
| Taxes | 450/3 | €16,285 | €15,759 | -€527 | -3.2% |
| Other amounts payable | 47/48 | €9,367 | €7,038 | -€2,330 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,491 | €7,089 | -€402 | -5.4% |
| Other operating charges | 640/8 | €2,176 | €724 | -€1,452 | -66.7% |
| Gross operating margin | 9900 | €58,882 | €8,259 | -€50,623 | -86.0% |
| Operating profit (loss) | 9901 | €49,215 | €446 | -€48,770 | -99.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €588 | €498 | -€90 | -15.3% |
| Recurring financial charges | 65 | €588 | €498 | -€90 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €48,627 | -€49 | -€48,677 | |
| Income taxes | 67/77 | €10,446 | €901 | -€9,545 | -91.4% |
| Profit (loss) for the period | 9904 | €38,181 | -€951 | -€39,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,181 | -€951 | -€39,132 |
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.