EQUIO: 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.
EQUIO
Largest movements
- Cash +€120,881
up €120,881 (+26.8%), from €451,326 to €572,207
mainly Depreciation (+€75,332) and Receivables within one year (+€70,471)
- Tangible fixed assets -€72,804
down €72,804 (-14.7%), from €495,589 to €422,784
of which Land and buildings: -€72,512
- Receivables within one year -€70,471
down €70,471 (-70.0%), from €100,616 to €30,145
of which Trade receivables: -€86,521
- Current investments +€27,078
up €27,078 (+4.3%), from €633,445 to €660,523
- Debts after one year -€40,568
down €40,568 (-14.5%), from €279,621 to €239,053
of which Financial debts: -€40,568
- Reserves +€35,098
up €35,098 (+7.7%), from €457,743 to €492,841
of which Distributable reserves: +€161,398
- Revaluation surpluses +€27,078
up €27,078 (+28.5%), from €95,105 to €122,183
- Tax, wage and social debts -€18,421
down €18,421 (-53.3%), from €34,561 to €16,140
- Gross operating margin -€63,855
down €63,855 (-31.3%), from €204,143 to €140,288
- Taxes -€15,483
down €15,483 (-49.0%), from €31,623 to €16,140
- Financial income -€11,455
down €11,455 (-81.0%), from €14,144 to €2,689
of which Non-recurring financial income: -€8,965
- Other operating charges +€10,423
up €10,423 (+459.9%), from €2,267 to €12,690
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 | €1,682,145 | €1,685,937 | +€3,792 | +0.2% |
| Fixed assets | 21/28 | €495,589 | €422,784 | -€72,804 | -14.7% |
| Tangible fixed assets | 22/27 | €495,589 | €422,784 | -€72,804 | -14.7% |
| Land and buildings | 22 | €493,179 | €420,666 | -€72,512 | -14.7% |
| Plant, machinery and equipment | 23 | €759 | €112 | -€648 | -85.3% |
| Furniture and vehicles | 24 | €1,651 | €2,006 | +€356 | +21.5% |
| Current assets | 29/58 | €1,186,556 | €1,263,153 | +€76,597 | +6.5% |
| Amounts receivable within one year | 40/41 | €100,616 | €30,145 | -€70,471 | -70.0% |
| Trade receivables | 40 | €100,616 | €14,095 | -€86,521 | -86.0% |
| Other amounts receivable | 41 | - | €16,050 | +€16,050 | |
| Current investments | 50/53 | €633,445 | €660,523 | +€27,078 | +4.3% |
| Cash at bank and in hand | 54/58 | €451,326 | €572,207 | +€120,881 | +26.8% |
| Deferred charges and accrued income | 490/1 | €1,170 | €278 | -€891 | -76.2% |
| Total equity and liabilities | 10/49 | €1,682,145 | €1,685,937 | +€3,792 | +0.2% |
| Equity | 10/15 | €1,296,852 | €1,347,029 | +€50,177 | +3.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Revaluation surpluses | 12 | €95,105 | €122,183 | +€27,078 | +28.5% |
| Reserves | 13 | €457,743 | €492,841 | +€35,098 | +7.7% |
| Tax-exempt reserves | 132 | €126,300 | - | -€126,300 | |
| Distributable reserves | 133 | €331,443 | €492,841 | +€161,398 | +48.7% |
| Profit (loss) carried forward | 14 | €737,005 | €725,005 | -€12,000 | -1.6% |
| Amounts payable | 17/49 | €385,292 | €338,908 | -€46,384 | -12.0% |
| Amounts payable after more than one year | 17 | €279,621 | €239,053 | -€40,568 | -14.5% |
| Financial debts | 170/4 | €279,471 | €238,903 | -€40,568 | -14.5% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,046 | €92,109 | -€7,938 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €40,104 | €40,568 | +€464 | +1.2% |
| Financial debts | 43 | €33 | - | -€33 | |
| Credit institutions | 430/8 | €33 | - | -€33 | |
| Trade debts | 44 | €3,518 | €1,820 | -€1,697 | -48.3% |
| Suppliers | 440/4 | €3,518 | €1,820 | -€1,697 | -48.3% |
| Taxes, remuneration and social security | 45 | €34,561 | €16,140 | -€18,421 | -53.3% |
| Taxes | 450/3 | €34,561 | €16,140 | -€18,421 | -53.3% |
| Other amounts payable | 47/48 | €21,831 | €33,581 | +€11,750 | +53.8% |
| Accrued charges and deferred income | 492/3 | €5,626 | €7,746 | +€2,121 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,291 | €75,332 | +€2,041 | +2.8% |
| Other operating charges | 640/8 | €2,267 | €12,690 | +€10,423 | +459.9% |
| Gross operating margin | 9900 | €204,143 | €140,288 | -€63,855 | -31.3% |
| Operating profit (loss) | 9901 | €128,586 | €52,267 | -€76,320 | -59.4% |
| Financial income | 75/76B | €14,144 | €2,689 | -€11,455 | -81.0% |
| Recurring financial income | 75 | €5,178 | €2,689 | -€2,489 | -48.1% |
| Non-recurring financial income | 76B | €8,965 | - | -€8,965 | |
| Financial charges | 65/66B | €4,143 | €3,717 | -€426 | -10.3% |
| Recurring financial charges | 65 | €4,143 | €3,717 | -€426 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €138,587 | €51,238 | -€87,348 | -63.0% |
| Income taxes | 67/77 | €31,623 | €16,140 | -€15,483 | -49.0% |
| Profit (loss) for the period | 9904 | €106,964 | €35,098 | -€71,865 | -67.2% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,964 | €161,398 | +€54,435 | +50.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.