EQUIP': 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.
What changed
EQUIP'
NACE 78.200, Temporary employment agencies and other provision of personnel
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€747,975
2024 · -€300,932-€447,043
Equity
-€185,429
2024 · €562,546-€747,975
Cash
€190,945
2024 · €898,398-€707,452
Balance sheet total
€5.0m
2024 · €6.3m-€1.2m
Largest movements
Assets
- Cash -€707,452
down €707,452 (-78.7%), from €898,398 to €190,945
mainly Net result for the year (-€747,975) and Tax, wage and social debts (-€577,648)
- Receivables within one year -€544,046
down €544,046 (-11.1%), from €4.9m to €4.4m
of which Trade receivables: -€781,742
Equity and liabilities
- Profit (loss) carried forward -€747,975
down €747,975 (-32.2%), from -€2.3m to -€3.1m
- Tax, wage and social debts -€577,648
down €577,648 (-13.9%), from €4.1m to €3.6m
of which Taxes: -€384,236
- Provisions +€561,209
up €561,209 (+1000.0%), from €56,121 to €617,330
- Trade debts -€366,153
down €366,153 (-47.1%), from €778,134 to €411,981
- Short-term financial debts -€72,719
down €72,719 (-16.0%), from €455,522 to €382,802
Income statement
- Staff costs +€2.5m
up €2.5m (+7.6%), from €32.6m to €35.1m
- Turnover +€2.3m
up €2.3m (+7.0%), from €32.6m to €34.9m
- Provisions +€561,209
new in 2025: €561,209
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.
Result 2024
-€300,932
Turnover
+€2.3m
Other operating income
-€65,895
Goods and materials
+€450
Services and other goods
+€3,443
Staff costs
-€2.5m
Depreciation
-€26,896
Write-downs
-€11,433
Provisions
-€561,209
Other operating charges
-€10,764
Other operating items
+€301,467
Financial income
-€455
Financial charges
+€18,110
Taxes
+€101,251
Result 2025
-€747,975
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.
From operations
-€551,153
Investment
-€83,580
Financing
-€72,719
Cash 2024
€898,398
From operations (derived)
-€551,153
Net result for the year
-€747,975
Depreciation
+€99,116
Receivables within one year
+€544,046
Deferred charges and accrued income
-€34,499
Provisions
+€561,209
Trade debts
-€366,153
Tax, wage and social debts
-€577,648
Other debts
-€9,844
Accrued charges and deferred income
-€19,405
Investment (derived)
-€83,580
Investment in fixed assets (net)
-€83,580
Financing
-€72,719
Short-term financial debts
-€72,719
Cash 2025
€190,945
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,260,110 | €5,027,575 | -€1.2m | -19.7% |
| Fixed assets | 21/28 | €267,541 | €252,005 | -€15,536 | -5.8% |
| Intangible fixed assets | 21 | €134,383 | €91,530 | -€42,853 | -31.9% |
| Tangible fixed assets | 22/27 | €133,158 | €160,475 | +€27,317 | +20.5% |
| Plant, machinery and equipment | 23 | €29,940 | €22,157 | -€7,783 | -26.0% |
| Furniture and vehicles | 24 | €74,682 | €85,312 | +€10,630 | +14.2% |
| Other tangible fixed assets | 26 | €19,536 | €52,477 | +€32,941 | +168.6% |
| Assets under construction and advance payments | 27 | €9,000 | €529 | -€8,471 | -94.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €5,992,569 | €4,775,570 | -€1.2m | -20.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,921,762 | €4,377,716 | -€544,046 | -11.1% |
| Trade receivables | 40 | €2,911,657 | €2,129,915 | -€781,742 | -26.8% |
| Other amounts receivable | 41 | €2,010,105 | €2,247,801 | +€237,696 | +11.8% |
| Cash at bank and in hand | 54/58 | €898,398 | €190,945 | -€707,452 | -78.7% |
| Deferred charges and accrued income | 490/1 | €172,410 | €206,909 | +€34,499 | +20.0% |
| Total equity and liabilities | 10/49 | €6,260,110 | €5,027,575 | -€1.2m | -19.7% |
| Equity | 10/15 | €562,546 | -€185,429 | -€747,975 | |
| Contributions | 10/11 | €2,846,286 | €2,846,286 | = | 0.0% |
| Capital | 10 | €2,846,286 | €2,846,286 | = | 0.0% |
| Issued capital | 100 | €2,846,286 | €2,846,286 | = | 0.0% |
| Reserves | 13 | €38,379 | €38,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,629 | €19,629 | = | 0.0% |
| Legal reserve | 130 | €19,629 | €19,629 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,322,118 | -€3,070,093 | -€747,975 | -32.2% |
| Provisions and deferred taxes | 16 | €56,121 | €617,330 | +€561,209 | +1000.0% |
| Provisions for liabilities and charges | 160/5 | €56,121 | €617,330 | +€561,209 | +1000.0% |
| Taxes | 161 | €56,121 | €617,330 | +€561,209 | +1000.0% |
| Amounts payable | 17/49 | €5,641,443 | €4,595,674 | -€1.0m | -18.5% |
| Amounts payable within one year | 42/48 | €5,437,821 | €4,411,457 | -€1.0m | -18.9% |
| Financial debts | 43 | €455,522 | €382,802 | -€72,719 | -16.0% |
| Other loans | 439 | €455,522 | €382,802 | -€72,719 | -16.0% |
| Trade debts | 44 | €778,134 | €411,981 | -€366,153 | -47.1% |
| Suppliers | 440/4 | €778,134 | €411,981 | -€366,153 | -47.1% |
| Taxes, remuneration and social security | 45 | €4,141,367 | €3,563,720 | -€577,648 | -13.9% |
| Taxes | 450/3 | €1,236,508 | €852,272 | -€384,236 | -31.1% |
| Remuneration and social security | 454/9 | €2,904,859 | €2,711,448 | -€193,412 | -6.7% |
| Other amounts payable | 47/48 | €62,798 | €52,954 | -€9,844 | -15.7% |
| Accrued charges and deferred income | 492/3 | €203,622 | €184,217 | -€19,405 | -9.5% |
| Operating income | 70/76A | €34,251,217 | €36,462,524 | +€2.2m | +6.5% |
| Turnover | 70 | €32,636,397 | €34,913,598 | +€2.3m | +7.0% |
| Other operating income | 74 | €1,614,820 | €1,548,926 | -€65,895 | -4.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €34,293,709 | €37,070,965 | +€2.8m | +8.1% |
| Goods for resale, raw materials and consumables | 60 | €450 | €0 | -€450 | -100.0% |
| Purchases | 600/8 | €450 | €0 | -€450 | -100.0% |
| Services and other goods | 61 | €1,182,426 | €1,178,983 | -€3,443 | -0.3% |
| Remuneration, social security and pensions | 62 | €32,589,082 | €35,061,395 | +€2.5m | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,220 | €99,116 | +€26,896 | +37.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,630 | €8,803 | +€11,433 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €561,209 | +€561,209 | |
| Other operating charges | 640/8 | €6,277 | €17,041 | +€10,764 | +171.5% |
| Non-recurring operating charges | 66A | €445,885 | €144,419 | -€301,467 | -67.6% |
| Operating profit (loss) | 9901 | -€42,492 | -€608,441 | -€565,949 | -1331.9% |
| Financial income | 75/76B | €495 | €40 | -€455 | -91.9% |
| Recurring financial income | 75 | €495 | €40 | -€455 | -91.9% |
| Income from current assets | 751 | €467 | €19 | -€448 | -95.9% |
| Other financial income | 752/9 | €29 | €21 | -€8 | -26.6% |
| Financial charges | 65/66B | €152,345 | €134,236 | -€18,110 | -11.9% |
| Recurring financial charges | 65 | €152,345 | €134,236 | -€18,110 | -11.9% |
| Debt charges | 650 | €149,417 | €131,039 | -€18,377 | -12.3% |
| Other financial charges | 652/9 | €2,929 | €3,196 | +€267 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€194,342 | -€742,637 | -€548,295 | -282.1% |
| Income taxes | 67/77 | €106,590 | €5,338 | -€101,251 | -95.0% |
| Taxes | 670/3 | €106,590 | €5,338 | -€101,251 | -95.0% |
| Profit (loss) for the period | 9904 | -€300,932 | -€747,975 | -€447,043 | -148.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,932 | -€747,975 | -€447,043 | -148.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.