EQUINOX C&M: 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 C&M
Largest movements
- Deferred charges and accrued income +€632,387
up €632,387 (+84.6%), from €747,835 to €1.4m
- Receivables after one year -€500,000
down €500,000 (-100%), from €500,000 to €0
of which Other amounts receivable: -€500,000
- Cash -€180,912
down €180,912 (-10.2%), from €1.8m to €1.6m
mainly Contributions, distributions and other (-€1.8m) and Deferred charges and accrued income (-€632,387)
- Reserves -€1.4m
down €1.4m (-58.4%), from €2.3m to €969,663
of which Distributable reserves: -€1.4m
- Other debts +€1.2m
up €1.2m (+190%), from €633,846 to €1.8m
- Tax, wage and social debts +€122,150
up €122,150 (+211%), from €57,778 to €179,928
of which Taxes: +€123,494
- Gross operating margin +€501,099
up €501,099 (+194%), from €257,880 to €758,978
- Taxes +€168,003
up €168,003 (+401%), from €41,908 to €209,911
- Staff costs -€10,279
down €10,279 (-7.6%), from €135,036 to €124,756
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 | €3,078,975 | €3,033,829 | -€45,145 | -1.5% |
| Fixed assets | 21/28 | €11,215 | €14,595 | +€3,379 | +30.1% |
| Tangible fixed assets | 22/27 | €9,685 | €13,065 | +€3,379 | +34.9% |
| Plant, machinery and equipment | 23 | €3,400 | €3,476 | +€76 | +2.2% |
| Furniture and vehicles | 24 | €6,285 | €9,589 | +€3,303 | +52.6% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €3,067,759 | €3,019,235 | -€48,525 | -1.6% |
| Amounts receivable after more than one year | 29 | €500,000 | €0 | -€500,000 | -100% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €500,000 | €0 | -€500,000 | -100% |
| Amounts receivable within one year | 40/41 | €48,096 | €48,096 | = | 0.0% |
| Other amounts receivable | 41 | €48,096 | €48,096 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,771,828 | €1,590,916 | -€180,912 | -10.2% |
| Deferred charges and accrued income | 490/1 | €747,835 | €1,380,222 | +€632,387 | +84.6% |
| Total equity and liabilities | 10/49 | €3,078,975 | €3,033,829 | -€45,145 | -1.5% |
| Equity | 10/15 | €2,370,439 | €1,009,388 | -€1.4m | -57.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,330,714 | €969,663 | -€1.4m | -58.4% |
| 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 | €2,328,854 | €967,803 | -€1.4m | -58.4% |
| Profit (loss) carried forward | 14 | €33,525 | €33,525 | = | 0.0% |
| Amounts payable | 17/49 | €708,535 | €2,024,441 | +€1.3m | +186% |
| Amounts payable within one year | 42/48 | €705,035 | €2,024,441 | +€1.3m | +187% |
| Trade debts | 44 | €13,411 | €9,007 | -€4,405 | -32.8% |
| Suppliers | 440/4 | €13,411 | €9,007 | -€4,405 | -32.8% |
| Taxes, remuneration and social security | 45 | €57,778 | €179,928 | +€122,150 | +211% |
| Taxes | 450/3 | €40,963 | €164,456 | +€123,494 | +301% |
| Remuneration and social security | 454/9 | €16,815 | €15,472 | -€1,343 | -8.0% |
| Other amounts payable | 47/48 | €633,846 | €1,835,507 | +€1.2m | +190% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Remuneration, social security and pensions | 62 | €135,036 | €124,756 | -€10,279 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,536 | €4,537 | +€1,001 | +28.3% |
| Other operating charges | 640/8 | €1,889 | €1,939 | +€51 | +2.7% |
| Gross operating margin | 9900 | €257,880 | €758,978 | +€501,099 | +194% |
| Operating profit (loss) | 9901 | €117,419 | €627,746 | +€510,326 | +435% |
| Financial income | 75/76B | €13,841 | €9,672 | -€4,169 | -30.1% |
| Recurring financial income | 75 | €13,841 | €9,672 | -€4,169 | -30.1% |
| Financial charges | 65/66B | €3,592 | €4,627 | +€1,034 | +28.8% |
| Recurring financial charges | 65 | €3,592 | €4,627 | +€1,034 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €127,668 | €632,791 | +€505,123 | +396% |
| Income taxes | 67/77 | €41,908 | €209,911 | +€168,003 | +401% |
| Profit (loss) for the period | 9904 | €85,761 | €422,880 | +€337,120 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €85,761 | €422,880 | +€337,120 | +393% |
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 24 October 2026 via checked.be.