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.
EQUINOX
Largest movements
- Cash +€54,774
up €54,774 (+147%), from €37,355 to €92,130
mainly Net result for the year (+€42,107) and Tax, wage and social debts (+€12,801)
- Reserves +€42,107
up €42,107 (+114%), from €36,858 to €78,965
- Tax, wage and social debts +€12,801
up €12,801 (+123%), from €10,391 to €23,191
- Other debts -€1,270
down €1,270 (-60.9%), from €2,086 to €816
- Gross operating margin +€6,890
up €6,890 (+14.7%), from €46,826 to €53,716
- Taxes +€1,619
up €1,619 (+17.2%), from €9,389 to €11,008
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 | €52,494 | €107,127 | +€54,633 | +104% |
| Fixed assets | 21/28 | €2,237 | €1,999 | -€238 | -10.6% |
| Tangible fixed assets | 22/27 | €2,237 | €1,999 | -€238 | -10.6% |
| Plant, machinery and equipment | 23 | €2,237 | €1,999 | -€238 | -10.6% |
| Current assets | 29/58 | €50,258 | €105,128 | +€54,871 | +109% |
| Amounts receivable within one year | 40/41 | €12,902 | €12,998 | +€96 | +0.7% |
| Trade receivables | 40 | €12,902 | €12,100 | -€802 | -6.2% |
| Other amounts receivable | 41 | - | €898 | +€898 | |
| Cash at bank and in hand | 54/58 | €37,355 | €92,130 | +€54,774 | +147% |
| Total equity and liabilities | 10/49 | €52,494 | €107,127 | +€54,633 | +104% |
| Equity | 10/15 | €39,858 | €81,965 | +€42,107 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,858 | €78,965 | +€42,107 | +114% |
| Distributable reserves | 133 | €36,858 | €78,965 | +€42,107 | +114% |
| Amounts payable | 17/49 | €12,637 | €25,163 | +€12,526 | +99.1% |
| Amounts payable within one year | 42/48 | €12,637 | €25,163 | +€12,526 | +99.1% |
| Trade debts | 44 | €160 | €1,156 | +€996 | +622% |
| Suppliers | 440/4 | €160 | €1,156 | +€996 | +622% |
| Taxes, remuneration and social security | 45 | €10,391 | €23,191 | +€12,801 | +123% |
| Taxes | 450/3 | €10,391 | €23,191 | +€12,801 | +123% |
| Other amounts payable | 47/48 | €2,086 | €816 | -€1,270 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €238 | +€99 | +71.1% |
| Other operating charges | 640/8 | €322 | €213 | -€108 | -33.7% |
| Gross operating margin | 9900 | €46,826 | €53,716 | +€6,890 | +14.7% |
| Operating profit (loss) | 9901 | €46,365 | €53,265 | +€6,900 | +14.9% |
| Financial charges | 65/66B | €118 | €150 | +€32 | +27.1% |
| Recurring financial charges | 65 | €118 | €150 | +€32 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €46,247 | €53,115 | +€6,868 | +14.9% |
| Income taxes | 67/77 | €9,389 | €11,008 | +€1,619 | +17.2% |
| Profit (loss) for the period | 9904 | €36,858 | €42,107 | +€5,249 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,858 | €42,107 | +€5,249 | +14.2% |
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 18 October 2026 via checked.be.