EQUIpi: 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.
EQUIpi
Largest movements
- Tangible fixed assets -€46,218
down €46,218 (-13.2%), from €349,339 to €303,121
of which Land and buildings: -€37,957
- Receivables within one year -€10,769
down €10,769 (-55.2%), from €19,497 to €8,728
of which Other amounts receivable: -€10,737
- Profit (loss) carried forward -€79,078
down €79,078 (-154.8%), from -€51,095 to -€130,173
- Debts after one year +€15,440
up €15,440 (+7.2%), from €215,090 to €230,530
- Trade debts +€4,670
up €4,670 (+241.0%), from €1,938 to €6,608
- Depreciation -€4,098
down €4,098 (-8.1%), from €50,316 to €46,218
- Gross operating margin +€2,740
up €2,740 (+8.0%), from -€34,247 to -€31,507
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 | €374,400 | €314,307 | -€60,092 | -16.1% |
| Fixed assets | 21/28 | €349,452 | €303,484 | -€45,968 | -13.2% |
| Tangible fixed assets | 22/27 | €349,339 | €303,121 | -€46,218 | -13.2% |
| Land and buildings | 22 | €319,901 | €281,944 | -€37,957 | -11.9% |
| Plant, machinery and equipment | 23 | €9,048 | €6,140 | -€2,908 | -32.1% |
| Furniture and vehicles | 24 | €16,955 | €12,534 | -€4,421 | -26.1% |
| Other tangible fixed assets | 26 | €3,435 | €2,503 | -€932 | -27.1% |
| Financial fixed assets | 28 | €113 | €363 | +€250 | +221.2% |
| Current assets | 29/58 | €24,948 | €10,824 | -€14,124 | -56.6% |
| Amounts receivable within one year | 40/41 | €19,497 | €8,728 | -€10,769 | -55.2% |
| Trade receivables | 40 | €5,507 | €5,475 | -€32 | -0.6% |
| Other amounts receivable | 41 | €13,989 | €3,253 | -€10,737 | -76.7% |
| Cash at bank and in hand | 54/58 | €1,820 | €378 | -€1,442 | -79.2% |
| Deferred charges and accrued income | 490/1 | €3,632 | €1,718 | -€1,914 | -52.7% |
| Total equity and liabilities | 10/49 | €374,400 | €314,307 | -€60,092 | -16.1% |
| Equity | 10/15 | €148,905 | €69,827 | -€79,078 | -53.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,095 | -€130,173 | -€79,078 | -154.8% |
| Amounts payable | 17/49 | €225,495 | €244,480 | +€18,986 | +8.4% |
| Amounts payable after more than one year | 17 | €215,090 | €230,530 | +€15,440 | +7.2% |
| Financial debts | 170/4 | €215,090 | €230,530 | +€15,440 | +7.2% |
| Amounts payable within one year | 42/48 | €8,905 | €12,451 | +€3,546 | +39.8% |
| Financial debts | 43 | €206 | €14 | -€192 | -93.2% |
| Credit institutions | 430/8 | €206 | €14 | -€192 | -93.2% |
| Trade debts | 44 | €1,938 | €6,608 | +€4,670 | +241.0% |
| Suppliers | 440/4 | €1,938 | €6,608 | +€4,670 | +241.0% |
| Advances received on contracts in progress | 46 | €5,780 | €4,880 | -€900 | -15.6% |
| Taxes, remuneration and social security | 45 | €982 | €949 | -€33 | -3.3% |
| Taxes | 450/3 | €982 | €949 | -€33 | -3.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,316 | €46,218 | -€4,098 | -8.1% |
| Other operating charges | 640/8 | €1,317 | €1,292 | -€25 | -1.9% |
| Gross operating margin | 9900 | -€34,247 | -€31,507 | +€2,740 | +8.0% |
| Operating profit (loss) | 9901 | -€85,880 | -€79,017 | +€6,863 | +8.0% |
| Financial income | 75/76B | €5 | €10 | +€5 | +95.7% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +95.7% |
| Financial charges | 65/66B | €161 | €70 | -€90 | -56.2% |
| Recurring financial charges | 65 | €161 | €70 | -€90 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | -€86,036 | -€79,078 | +€6,958 | +8.1% |
| Income taxes | 67/77 | -€3 | €0 | +€3 | |
| Profit (loss) for the period | 9904 | -€86,033 | -€79,078 | +€6,955 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,033 | -€79,078 | +€6,955 | +8.1% |
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 12 October 2026 via checked.be.