EQUINOXE: 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.
EQUINOXE
Largest movements
- Receivables within one year -€13,692
down €13,692 (-18.2%), from €75,316 to €61,624
of which Trade receivables: -€13,068
- Other debts -€65,118
down €65,118 (-100.0%), from €65,118 to €0
- Debts after one year +€47,363
up €47,363 (+26.9%), from €176,141 to €223,503
of which Other amounts payable: +€81,740
- Profit (loss) carried forward +€6,749
new in 2025: €6,749
- Tax, wage and social debts -€4,502
down €4,502 (-28.3%), from €15,889 to €11,386
- Gross operating margin -€2,071
down €2,071 (-9.0%), from €22,993 to €20,922
- Taxes -€1,646
down €1,646 (-40.1%), from €4,105 to €2,459
- Financial income -€1,201
down €1,201 (-99.9%), from €1,202 to €1
- Financial charges -€665
down €665 (-5.8%), from €11,437 to €10,772
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 | €375,761 | €357,783 | -€17,979 | -4.8% |
| Fixed assets | 21/28 | €294,574 | €293,819 | -€755 | -0.3% |
| Tangible fixed assets | 22/27 | €2,880 | €2,125 | -€755 | -26.2% |
| Furniture and vehicles | 24 | €1,975 | €1,321 | -€655 | -33.1% |
| Other tangible fixed assets | 26 | €904 | €804 | -€101 | -11.1% |
| Financial fixed assets | 28 | €291,694 | €291,694 | = | 0.0% |
| Current assets | 29/58 | €81,188 | €63,964 | -€17,224 | -21.2% |
| Amounts receivable within one year | 40/41 | €75,316 | €61,624 | -€13,692 | -18.2% |
| Trade receivables | 40 | €13,068 | €0 | -€13,068 | -100.0% |
| Other amounts receivable | 41 | €62,248 | €61,624 | -€624 | -1.0% |
| Cash at bank and in hand | 54/58 | €5,704 | €2,340 | -€3,364 | -59.0% |
| Deferred charges and accrued income | 490/1 | €168 | €0 | -€168 | -100.0% |
| Total equity and liabilities | 10/49 | €375,761 | €357,783 | -€17,979 | -4.8% |
| Equity | 10/15 | €81,767 | €88,516 | +€6,749 | +8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €63,217 | €63,217 | = | 0.0% |
| Distributable reserves | 133 | €63,217 | €63,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,749 | +€6,749 | |
| Amounts payable | 17/49 | €293,995 | €269,267 | -€24,728 | -8.4% |
| Amounts payable after more than one year | 17 | €176,141 | €223,503 | +€47,363 | +26.9% |
| Financial debts | 170/4 | €176,141 | €141,763 | -€34,377 | -19.5% |
| Other amounts payable | 178/9 | - | €81,740 | +€81,740 | |
| Amounts payable within one year | 42/48 | €116,754 | €45,764 | -€70,991 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €35,360 | €34,377 | -€983 | -2.8% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,889 | €11,386 | -€4,502 | -28.3% |
| Taxes | 450/3 | €15,889 | €11,386 | -€4,502 | -28.3% |
| Other amounts payable | 47/48 | €65,118 | €0 | -€65,118 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,099 | €0 | -€1,099 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755 | €755 | = | 0.0% |
| Other operating charges | 640/8 | €317 | €188 | -€129 | -40.7% |
| Gross operating margin | 9900 | €22,993 | €20,922 | -€2,071 | -9.0% |
| Operating profit (loss) | 9901 | €21,921 | €19,979 | -€1,942 | -8.9% |
| Financial income | 75/76B | €1,202 | €1 | -€1,201 | -99.9% |
| Recurring financial income | 75 | €1,202 | €1 | -€1,201 | -99.9% |
| Financial charges | 65/66B | €11,437 | €10,772 | -€665 | -5.8% |
| Recurring financial charges | 65 | €11,437 | €10,772 | -€665 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €11,686 | €9,207 | -€2,479 | -21.2% |
| Income taxes | 67/77 | €4,105 | €2,459 | -€1,646 | -40.1% |
| Profit (loss) for the period | 9904 | €7,581 | €6,749 | -€832 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,581 | €6,749 | -€832 | -11.0% |
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 10 October 2026 via checked.be.