EQUINOX NORTH: what changed
EQUINOX NORTH
Largest movements
- Cash +€286,094
up €286,094 (+1,711%), from €16,723 to €302,817
mainly Current investments (+€273,933) and Net result for the year (+€33,915)
- Current investments -€273,933
down €273,933 (-100%), from €273,933 to €0
- Receivables within one year -€3,359
down €3,359 (-20.2%), from €16,613 to €13,254
of which Trade receivables: -€5,399
- Reserves +€32,918
up €32,918 (+13.2%), from €248,490 to €281,408
- Other debts -€18,552
down €18,552 (-81.6%), from €22,735 to €4,184
- Tax, wage and social debts -€9,046
down €9,046 (-38.5%), from €23,513 to €14,467
- Gross operating margin -€36,138
down €36,138 (-39.5%), from €91,486 to €55,348
- Taxes -€11,600
down €11,600 (-37.9%), from €30,569 to €18,969
- Financial income -€3,201
down €3,201 (-44.3%), from €7,225 to €4,024
- Financial charges +€1,505
up €1,505 (+127%), from €1,188 to €2,692
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,768 | €324,982 | +€4,215 | +1.3% |
| Fixed assets | 21/28 | €9,324 | €6,653 | -€2,671 | -28.6% |
| Tangible fixed assets | 22/27 | €9,293 | €6,653 | -€2,640 | -28.4% |
| Furniture and vehicles | 24 | €2,750 | €1,820 | -€930 | -33.8% |
| Other tangible fixed assets | 26 | €6,543 | €4,833 | -€1,709 | -26.1% |
| Financial fixed assets | 28 | €31 | €0 | -€31 | -100% |
| Current assets | 29/58 | €311,444 | €318,329 | +€6,885 | +2.2% |
| Amounts receivable within one year | 40/41 | €16,613 | €13,254 | -€3,359 | -20.2% |
| Trade receivables | 40 | €16,414 | €11,016 | -€5,399 | -32.9% |
| Other amounts receivable | 41 | €198 | €2,238 | +€2,040 | +1,028% |
| Current investments | 50/53 | €273,933 | €0 | -€273,933 | -100% |
| Cash at bank and in hand | 54/58 | €16,723 | €302,817 | +€286,094 | +1,711% |
| Deferred charges and accrued income | 490/1 | €4,176 | €2,258 | -€1,917 | -45.9% |
| Total equity and liabilities | 10/49 | €320,768 | €324,982 | +€4,215 | +1.3% |
| Equity | 10/15 | €267,082 | €300,000 | +€32,918 | +12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €248,490 | €281,408 | +€32,918 | +13.2% |
| Distributable reserves | 133 | €248,490 | €281,408 | +€32,918 | +13.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €53,685 | €24,982 | -€28,703 | -53.5% |
| Amounts payable within one year | 42/48 | €53,109 | €24,872 | -€28,238 | -53.2% |
| Trade debts | 44 | €6,861 | €6,221 | -€640 | -9.3% |
| Suppliers | 440/4 | €6,861 | €6,221 | -€640 | -9.3% |
| Taxes, remuneration and social security | 45 | €23,513 | €14,467 | -€9,046 | -38.5% |
| Taxes | 450/3 | €23,513 | €14,467 | -€9,046 | -38.5% |
| Other amounts payable | 47/48 | €22,735 | €4,184 | -€18,552 | -81.6% |
| Accrued charges and deferred income | 492/3 | €576 | €111 | -€466 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,640 | €2,640 | = | 0.0% |
| Other operating charges | 640/8 | €1,282 | €1,155 | -€126 | -9.9% |
| Gross operating margin | 9900 | €91,486 | €55,348 | -€36,138 | -39.5% |
| Operating profit (loss) | 9901 | €87,565 | €51,553 | -€36,012 | -41.1% |
| Financial income | 75/76B | €7,225 | €4,024 | -€3,201 | -44.3% |
| Recurring financial income | 75 | €7,225 | €4,024 | -€3,201 | -44.3% |
| Financial charges | 65/66B | €1,188 | €2,692 | +€1,505 | +127% |
| Recurring financial charges | 65 | €1,188 | €2,692 | +€1,505 | +127% |
| Profit (loss) for the period before taxes | 9903 | €93,602 | €52,884 | -€40,718 | -43.5% |
| Income taxes | 67/77 | €30,569 | €18,969 | -€11,600 | -37.9% |
| Profit (loss) for the period | 9904 | €63,033 | €33,915 | -€29,118 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,033 | €33,915 | -€29,118 | -46.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.