EQUINOXE IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+61.9%), from €2.1m to €3.4m
of which Other tangible fixed assets: +€1.8m
- Stocks and contracts -€559,205
down €559,205 (-100%), from €559,205 to €0
- Receivables within one year -€367,679
down €367,679 (-18.1%), from €2.0m to €1.7m
of which Trade receivables: -€234,296
- Profit (loss) carried forward +€1.0m
up €1.0m, from -€1.0m to €0
- Trade debts -€320,866
down €320,866 (-96.8%), from €331,512 to €10,646
- Other debts -€205,244
down €205,244 (-21.5%), from €954,952 to €749,708
- Reserves -€161,595
down €161,595 (-3.0%), from €5.3m to €5.2m
of which Distributable reserves: -€161,595
- Gross operating margin +€1.1m
up €1.1m, from -€103,145 to €971,940
- Financial charges +€100,149
up €100,149 (+76.3%), from €131,218 to €231,366
- Financial income +€82,815
up €82,815 (+29.4%), from €281,274 to €364,089
- Depreciation -€32,271
down €32,271 (-30.7%), from €105,083 to €72,812
- Other operating charges +€21,708
up €21,708 (+62.2%), from €34,915 to €56,624
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 | €6,651,923 | €7,035,317 | +€383,395 | +5.8% |
| Fixed assets | 21/28 | €3,235,324 | €4,520,791 | +€1.3m | +39.7% |
| Tangible fixed assets | 22/27 | €2,077,674 | €3,364,746 | +€1.3m | +61.9% |
| Land and buildings | 22 | €1,539,420 | €1,528,579 | -€10,841 | -0.7% |
| Plant, machinery and equipment | 23 | - | €8,361 | +€8,361 | |
| Furniture and vehicles | 24 | €538,254 | €1,958 | -€536,296 | -99.6% |
| Other tangible fixed assets | 26 | €0 | €1,825,847 | +€1.8m | |
| Financial fixed assets | 28 | €1,157,650 | €1,156,045 | -€1,605 | -0.1% |
| Current assets | 29/58 | €3,416,599 | €2,514,526 | -€902,073 | -26.4% |
| Stocks and contracts in progress | 3 | €559,205 | €0 | -€559,205 | -100% |
| Stocks | 30/36 | €559,205 | €0 | -€559,205 | -100% |
| Amounts receivable within one year | 40/41 | €2,036,162 | €1,668,483 | -€367,679 | -18.1% |
| Trade receivables | 40 | €403,217 | €168,921 | -€234,296 | -58.1% |
| Other amounts receivable | 41 | €1,632,945 | €1,499,562 | -€133,383 | -8.2% |
| Current investments | 50/53 | €794,594 | €825,668 | +€31,074 | +3.9% |
| Cash at bank and in hand | 54/58 | €21,699 | €2,351 | -€19,348 | -89.2% |
| Deferred charges and accrued income | 490/1 | €4,939 | €18,024 | +€13,085 | +265% |
| Total equity and liabilities | 10/49 | €6,651,923 | €7,035,317 | +€383,395 | +5.8% |
| Equity | 10/15 | €4,355,431 | €5,233,392 | +€877,960 | +20.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €5,333,013 | €5,171,418 | -€161,595 | -3.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €5,326,816 | €5,165,221 | -€161,595 | -3.0% |
| Profit (loss) carried forward | 14 | -€1,039,555 | €0 | +€1.0m | |
| Amounts payable | 17/49 | €2,296,491 | €1,801,926 | -€494,566 | -21.5% |
| Amounts payable within one year | 42/48 | €2,296,491 | €1,788,433 | -€508,059 | -22.1% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €331,512 | €10,646 | -€320,866 | -96.8% |
| Suppliers | 440/4 | €331,512 | €10,646 | -€320,866 | -96.8% |
| Taxes, remuneration and social security | 45 | €10,028 | €28,078 | +€18,051 | +180% |
| Taxes | 450/3 | €8,529 | €26,542 | +€18,013 | +211% |
| Remuneration and social security | 454/9 | €1,499 | €1,536 | +€38 | +2.5% |
| Other amounts payable | 47/48 | €954,952 | €749,708 | -€205,244 | -21.5% |
| Accrued charges and deferred income | 492/3 | - | €13,493 | +€13,493 | |
| Non-recurring operating income | 76A | - | €1,006,974 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €20,266 | €33,153 | +€12,887 | +63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,083 | €72,812 | -€32,271 | -30.7% |
| Other operating charges | 640/8 | €34,915 | €56,624 | +€21,708 | +62.2% |
| Non-recurring operating charges | 66A | - | €60,804 | +€60,804 | |
| Gross operating margin | 9900 | -€103,145 | €971,940 | +€1.1m | |
| Operating profit (loss) | 9901 | -€263,410 | €748,546 | +€1.0m | |
| Financial income | 75/76B | €281,274 | €364,089 | +€82,815 | +29.4% |
| Recurring financial income | 75 | €281,274 | €364,089 | +€82,815 | +29.4% |
| Financial charges | 65/66B | €131,218 | €231,366 | +€100,149 | +76.3% |
| Recurring financial charges | 65 | €131,218 | €231,366 | +€100,149 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | -€113,354 | €881,269 | +€994,623 | |
| Income taxes | 67/77 | -€296 | €3,309 | +€3,605 | |
| Profit (loss) for the period | 9904 | -€113,058 | €877,960 | +€991,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113,058 | €877,960 | +€991,018 |
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 15 October 2026 via checked.be.