Equinox: 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.
What changed
Equinox
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€726,946
2024 · €815,118-€88,172
Equity
€5.9m
2024 · €5.1m+€726,946
Cash
€389,620
2024 · €129,642+€259,978
Balance sheet total
€9.9m
2024 · €9.7m+€238,221
Largest movements
Assets
- Deferred charges and accrued income +€332,795
up €332,795 (+1876.0%), from €17,740 to €350,535
- Stocks and contracts -€287,079
down €287,079 (-6.8%), from €4.2m to €3.9m
- Cash +€259,978
up €259,978 (+200.5%), from €129,642 to €389,620
mainly Net result for the year (+€726,946) and Trade debts (+€381,352)
- Receivables within one year -€147,448
down €147,448 (-5.3%), from €2.8m to €2.7m
of which Trade receivables: -€226,723
Equity and liabilities
- Reserves +€726,782
up €726,782 (+15.1%), from €4.8m to €5.5m
of which Distributable reserves: +€730,000
- Other debts -€609,961
no longer reported in 2025 (was €609,961)
- Trade debts +€381,352
up €381,352 (+23.2%), from €1.6m to €2.0m
- Debts after one year -€187,500
down €187,500 (-46.2%), from €406,250 to €218,750
- Tax, wage and social debts -€120,866
down €120,866 (-23.9%), from €506,689 to €385,823
of which Taxes: -€124,554
Income statement
- Financial income +€2.4m
up €2.4m (+37410.2%), from €6,507 to €2.4m
of which Non-recurring financial income: +€2.4m
- Financial charges +€2.4m
up €2.4m (+2978.2%), from €80,899 to €2.5m
of which Non-recurring financial charges: +€2.4m
- Turnover -€335,588
down €335,588 (-1.3%), from €25.8m to €25.5m
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.
Result 2024
€815,118
Turnover
-€335,588
Other operating income
+€108,442
Goods and materials
+€19,617
Services and other goods
-€32,728
Staff costs
-€245,507
Depreciation
+€10,162
Write-downs
+€84,038
Other operating charges
-€11
Other operating items
+€78,528
Financial income
+€2.4m
Financial charges
-€2.4m
Taxes
+€200,837
Deferred taxes and other
-€933
Result 2025
€726,946
Cash bridge derived
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.
From operations
+€746,157
Investment
-€318,679
Financing
-€167,500
Cash 2024
€129,642
From operations (derived)
+€746,157
Net result for the year
+€726,946
Depreciation
+€238,704
Stocks and contracts
+€287,079
Receivables within one year
+€147,448
Deferred charges and accrued income
-€332,795
Provisions
-€1,073
Trade debts
+€381,352
Tax, wage and social debts
-€120,866
Other debts
-€609,961
Accrued charges and deferred income
+€29,322
Investment (derived)
-€318,679
Investment in fixed assets (net)
-€318,679
Financing
-€167,500
Debts after one year
-€187,500
Short-term financial debts
+€20,000
Cash 2025
€389,620
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,652,186 | €9,890,407 | +€238,221 | +2.5% |
| Fixed assets | 21/28 | €2,476,675 | €2,556,649 | +€79,975 | +3.2% |
| Intangible fixed assets | 21 | €6,309 | €3,387 | -€2,922 | -46.3% |
| Tangible fixed assets | 22/27 | €2,470,366 | €2,553,263 | +€82,897 | +3.4% |
| Land and buildings | 22 | €2,060,572 | €2,098,763 | +€38,191 | +1.9% |
| Plant, machinery and equipment | 23 | €267,776 | €324,446 | +€56,670 | +21.2% |
| Furniture and vehicles | 24 | €142,017 | €130,054 | -€11,963 | -8.4% |
| Current assets | 29/58 | €7,175,511 | €7,333,757 | +€158,246 | +2.2% |
| Stocks and contracts in progress | 3 | €4,227,670 | €3,940,591 | -€287,079 | -6.8% |
| Stocks | 30/36 | €4,227,670 | €3,940,591 | -€287,079 | -6.8% |
| Raw materials and consumables | 30/31 | €538,265 | €391,534 | -€146,731 | -27.3% |
| Work in progress | 32 | €258,031 | €157,253 | -€100,778 | -39.1% |
| Finished goods | 33 | €932,478 | €1,021,998 | +€89,520 | +9.6% |
| Goods purchased for resale | 34 | €2,498,896 | €2,369,806 | -€129,090 | -5.2% |
| Amounts receivable within one year | 40/41 | €2,800,458 | €2,653,011 | -€147,448 | -5.3% |
| Trade receivables | 40 | €2,676,784 | €2,450,061 | -€226,723 | -8.5% |
| Other amounts receivable | 41 | €123,674 | €202,950 | +€79,276 | +64.1% |
| Cash at bank and in hand | 54/58 | €129,642 | €389,620 | +€259,978 | +200.5% |
| Deferred charges and accrued income | 490/1 | €17,740 | €350,535 | +€332,795 | +1876.0% |
| Total equity and liabilities | 10/49 | €9,652,186 | €9,890,407 | +€238,221 | +2.5% |
| Equity | 10/15 | €5,130,716 | €5,857,662 | +€726,946 | +14.2% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €4,820,537 | €5,547,319 | +€726,782 | +15.1% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,537 | €3,319 | -€3,218 | -49.2% |
| Distributable reserves | 133 | €4,783,000 | €5,513,000 | +€730,000 | +15.3% |
| Profit (loss) carried forward | 14 | €179 | €343 | +€164 | +91.7% |
| Provisions and deferred taxes | 16 | €2,179 | €1,106 | -€1,073 | -49.2% |
| Deferred taxes | 168 | €2,179 | €1,106 | -€1,073 | -49.2% |
| Amounts payable | 17/49 | €4,519,290 | €4,031,638 | -€487,652 | -10.8% |
| Amounts payable after more than one year | 17 | €406,250 | €218,750 | -€187,500 | -46.2% |
| Financial debts | 170/4 | €406,250 | €218,750 | -€187,500 | -46.2% |
| Other loans | 174 | €406,250 | €218,750 | -€187,500 | -46.2% |
| Amounts payable within one year | 42/48 | €4,074,929 | €3,745,455 | -€329,475 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €187,500 | €187,500 | = | 0.0% |
| Financial debts | 43 | €1,130,000 | €1,150,000 | +€20,000 | +1.8% |
| Credit institutions | 430/8 | €1,130,000 | €1,150,000 | +€20,000 | +1.8% |
| Trade debts | 44 | €1,640,779 | €2,022,131 | +€381,352 | +23.2% |
| Suppliers | 440/4 | €1,640,779 | €2,022,131 | +€381,352 | +23.2% |
| Taxes, remuneration and social security | 45 | €506,689 | €385,823 | -€120,866 | -23.9% |
| Taxes | 450/3 | €124,554 | - | -€124,554 | |
| Remuneration and social security | 454/9 | €382,136 | €385,823 | +€3,688 | +1.0% |
| Other amounts payable | 47/48 | €609,961 | - | -€609,961 | |
| Accrued charges and deferred income | 492/3 | €38,111 | €67,433 | +€29,322 | +76.9% |
| Operating income | 70/76A | €26,091,433 | €25,947,255 | -€144,178 | -0.6% |
| Turnover | 70 | €25,809,860 | €25,474,272 | -€335,588 | -1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€100,321 | -€11,258 | +€89,063 | +88.8% |
| Other operating income | 74 | €375,799 | €484,241 | +€108,442 | +28.9% |
| Non-recurring operating income | 76A | €6,095 | - | -€6,095 | |
| Operating charges | 60/66A | €24,784,186 | €24,953,055 | +€168,868 | +0.7% |
| Goods for resale, raw materials and consumables | 60 | €18,996,691 | €18,977,074 | -€19,617 | -0.1% |
| Purchases | 600/8 | €19,621,479 | €18,701,253 | -€920,226 | -4.7% |
| Change in stocks: decrease (increase) | 609 | -€624,788 | €275,821 | +€900,609 | |
| Services and other goods | 61 | €2,371,075 | €2,403,804 | +€32,728 | +1.4% |
| Remuneration, social security and pensions | 62 | €3,044,333 | €3,289,840 | +€245,507 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,866 | €238,704 | -€10,162 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,952 | -€35,086 | -€84,038 | |
| Other operating charges | 640/8 | €74,269 | €74,279 | +€11 | 0.0% |
| Non-recurring operating charges | 66A | - | €4,440 | +€4,440 | |
| Operating profit (loss) | 9901 | €1,307,246 | €994,200 | -€313,047 | -23.9% |
| Financial income | 75/76B | €6,507 | €2,440,855 | +€2.4m | +37410.2% |
| Recurring financial income | 75 | €6,507 | €19,497 | +€12,990 | +199.6% |
| Income from current assets | 751 | €1,408 | €5,364 | +€3,956 | +281.0% |
| Other financial income | 752/9 | €5,099 | €14,134 | +€9,034 | +177.2% |
| Non-recurring financial income | 76B | - | €2,421,357 | +€2.4m | |
| Financial charges | 65/66B | €80,899 | €2,490,277 | +€2.4m | +2978.2% |
| Recurring financial charges | 65 | €80,899 | €68,919 | -€11,980 | -14.8% |
| Debt charges | 650 | €13 | €40,803 | +€40,790 | +310191.3% |
| Other financial charges | 652/9 | €80,886 | €28,116 | -€52,770 | -65.2% |
| Non-recurring financial charges | 66B | - | €2,421,357 | +€2.4m | |
| Profit (loss) for the period before taxes | 9903 | €1,232,854 | €944,778 | -€288,076 | -23.4% |
| Transfer from deferred taxes | 780 | €2,005 | €1,073 | -€933 | -46.5% |
| Income taxes | 67/77 | €419,742 | €218,904 | -€200,837 | -47.8% |
| Taxes | 670/3 | €419,742 | €218,904 | -€200,837 | -47.8% |
| Profit (loss) for the period | 9904 | €815,118 | €726,946 | -€88,172 | -10.8% |
| Transfer from tax-exempt reserves | 789 | €6,016 | €3,218 | -€2,798 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €821,134 | €730,164 | -€90,970 | -11.1% |
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 12 October 2026 via checked.be.