EQUINOXE: what changed
Two fiscal 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.
EQUINOXE
Largest movements
- Receivables within one year +€577,500
up €577,500 (+18.5%), from €3.1m to €3.7m
of which Other amounts receivable: +€687,808
- Tangible fixed assets -€489,894
down €489,894 (-6.5%), from €7.6m to €7.1m
of which Land and buildings: -€486,341
- Cash -€353,783
down €353,783 (-51.1%), from €692,265 to €338,481
mainly Debts after one year (-€606,663) and Receivables within one year (-€577,500)
- Reserves +€629,000
up €629,000 (+53.2%), from €1.2m to €1.8m
of which Distributable reserves: +€629,000
- Debts after one year -€606,663
down €606,663 (-6.7%), from €9.0m to €8.4m
- Accrued charges and deferred income -€230,329
down €230,329 (-89.9%), from €256,326 to €25,997
- Trade debts +€204,195
up €204,195 (+403.3%), from €50,636 to €254,831
- Tax, wage and social debts -€169,444
down €169,444 (-80.1%), from €211,590 to €42,146
- Gross operating margin -€362,605
down €362,605 (-18.1%), from €2.0m to €1.6m
- Financial income +€99,582
up €99,582 (+73951.0%), from €135 to €99,717
- Taxes -€74,322
down €74,322 (-26.1%), from €284,669 to €210,347
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,397,163 | €11,230,785 | -€166,378 | -1.5% |
| Fixed assets | 21/28 | €7,578,336 | €7,088,022 | -€490,314 | -6.5% |
| Intangible fixed assets | 21 | €2,076 | €1,656 | -€420 | -20.2% |
| Tangible fixed assets | 22/27 | €7,574,790 | €7,084,896 | -€489,894 | -6.5% |
| Land and buildings | 22 | €7,554,651 | €7,068,311 | -€486,341 | -6.4% |
| Plant, machinery and equipment | 23 | €8,002 | €6,594 | -€1,408 | -17.6% |
| Furniture and vehicles | 24 | €10,897 | €8,752 | -€2,146 | -19.7% |
| Other tangible fixed assets | 26 | €1,239 | €1,239 | = | 0.0% |
| Financial fixed assets | 28 | €1,471 | €1,471 | = | 0.0% |
| Current assets | 29/58 | €3,818,826 | €4,142,762 | +€323,936 | +8.5% |
| Amounts receivable within one year | 40/41 | €3,122,552 | €3,700,053 | +€577,500 | +18.5% |
| Trade receivables | 40 | €332,781 | €222,473 | -€110,308 | -33.1% |
| Other amounts receivable | 41 | €2,789,772 | €3,477,580 | +€687,808 | +24.7% |
| Cash at bank and in hand | 54/58 | €692,265 | €338,481 | -€353,783 | -51.1% |
| Deferred charges and accrued income | 490/1 | €4,009 | €104,228 | +€100,219 | +2499.8% |
| Total equity and liabilities | 10/49 | €11,397,163 | €11,230,785 | -€166,378 | -1.5% |
| Equity | 10/15 | €1,595,464 | €2,224,539 | +€629,075 | +39.4% |
| Contributions | 10/11 | €412,400 | €412,400 | = | 0.0% |
| Reserves | 13 | €1,183,000 | €1,812,000 | +€629,000 | +53.2% |
| Tax-exempt reserves | 132 | €275 | €275 | = | 0.0% |
| Distributable reserves | 133 | €1,182,725 | €1,811,725 | +€629,000 | +53.2% |
| Profit (loss) carried forward | 14 | €64 | €139 | +€75 | +118.2% |
| Amounts payable | 17/49 | €9,801,699 | €9,006,246 | -€795,453 | -8.1% |
| Amounts payable after more than one year | 17 | €9,027,956 | €8,421,293 | -€606,663 | -6.7% |
| Financial debts | 170/4 | €9,027,956 | €8,421,293 | -€606,663 | -6.7% |
| Amounts payable within one year | 42/48 | €517,417 | €558,956 | +€41,539 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €249,451 | €256,663 | +€7,212 | +2.9% |
| Trade debts | 44 | €50,636 | €254,831 | +€204,195 | +403.3% |
| Suppliers | 440/4 | €50,636 | €254,831 | +€204,195 | +403.3% |
| Taxes, remuneration and social security | 45 | €211,590 | €42,146 | -€169,444 | -80.1% |
| Taxes | 450/3 | €211,590 | €42,146 | -€169,444 | -80.1% |
| Other amounts payable | 47/48 | €5,740 | €5,316 | -€424 | -7.4% |
| Accrued charges and deferred income | 492/3 | €256,326 | €25,997 | -€230,329 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498,563 | €497,655 | -€908 | -0.2% |
| Other operating charges | 640/8 | €62,195 | €65,071 | +€2,876 | +4.6% |
| Non-recurring operating charges | 66A | - | €59 | +€59 | |
| Gross operating margin | 9900 | €2,001,250 | €1,638,645 | -€362,605 | -18.1% |
| Operating profit (loss) | 9901 | €1,440,493 | €1,075,861 | -€364,632 | -25.3% |
| Financial income | 75/76B | €135 | €99,717 | +€99,582 | +73951.0% |
| Recurring financial income | 75 | €135 | €99,717 | +€99,582 | +73951.0% |
| Financial charges | 65/66B | €317,542 | €336,156 | +€18,614 | +5.9% |
| Recurring financial charges | 65 | €317,542 | €336,156 | +€18,614 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €1,123,085 | €839,422 | -€283,663 | -25.3% |
| Income taxes | 67/77 | €284,669 | €210,347 | -€74,322 | -26.1% |
| Profit (loss) for the period | 9904 | €838,416 | €629,075 | -€209,341 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €838,416 | €629,075 | -€209,341 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.