Equipo: 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.
Equipo
Largest movements
- Receivables within one year -€48,318
down €48,318 (-87.8%), from €55,002 to €6,684
of which Trade receivables: -€48,232
- Intangible fixed assets -€27,152
down €27,152 (-27.5%), from €98,809 to €71,657
- Other debts -€63,697
down €63,697 (-78.5%), from €81,111 to €17,414
- Investment grants -€8,900
down €8,900 (-50.0%), from €17,800 to €8,900
- Profit (loss) carried forward -€5,491
down €5,491 (-119%), from -€4,606 to -€10,097
- Gross operating margin +€2,782
up €2,782 (+15.1%), from €18,419 to €21,201
- Depreciation +€2,727
up €2,727 (+8.6%), from €31,806 to €34,532
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 | €166,415 | €89,752 | -€76,663 | -46.1% |
| Fixed assets | 21/28 | €104,566 | €77,414 | -€27,152 | -26.0% |
| Intangible fixed assets | 21 | €98,809 | €71,657 | -€27,152 | -27.5% |
| Financial fixed assets | 28 | €5,756 | €5,756 | = | 0.0% |
| Current assets | 29/58 | €61,849 | €12,339 | -€49,510 | -80.1% |
| Amounts receivable within one year | 40/41 | €55,002 | €6,684 | -€48,318 | -87.8% |
| Trade receivables | 40 | €51,185 | €2,953 | -€48,232 | -94.2% |
| Other amounts receivable | 41 | €3,818 | €3,732 | -€86 | -2.3% |
| Cash at bank and in hand | 54/58 | €3,767 | €3,338 | -€428 | -11.4% |
| Deferred charges and accrued income | 490/1 | €3,080 | €2,316 | -€764 | -24.8% |
| Total equity and liabilities | 10/49 | €166,415 | €89,752 | -€76,663 | -46.1% |
| Equity | 10/15 | €54,405 | €40,014 | -€14,391 | -26.5% |
| Contributions | 10/11 | €1,650 | €1,650 | = | 0.0% |
| Reserves | 13 | €39,561 | €39,561 | = | 0.0% |
| Distributable reserves | 133 | €39,561 | €39,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,606 | -€10,097 | -€5,491 | -119% |
| Investment grants | 15 | €17,800 | €8,900 | -€8,900 | -50.0% |
| Amounts payable | 17/49 | €112,010 | €49,738 | -€62,272 | -55.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,902 | €22,887 | -€62,015 | -73.0% |
| Financial debts | 43 | €116 | €105 | -€11 | -9.2% |
| Credit institutions | 430/8 | €116 | €105 | -€11 | -9.2% |
| Trade debts | 44 | €1,846 | €2,220 | +€374 | +20.2% |
| Suppliers | 440/4 | €1,846 | €2,220 | +€374 | +20.2% |
| Advances received on contracts in progress | 46 | €280 | €280 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,549 | €2,868 | +€1,319 | +85.2% |
| Taxes | 450/3 | €1,549 | €2,868 | +€1,319 | +85.2% |
| Other amounts payable | 47/48 | €81,111 | €17,414 | -€63,697 | -78.5% |
| Accrued charges and deferred income | 492/3 | €2,108 | €1,851 | -€256 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,806 | €34,532 | +€2,727 | +8.6% |
| Other operating charges | 640/8 | €592 | €544 | -€48 | -8.1% |
| Gross operating margin | 9900 | €18,419 | €21,201 | +€2,782 | +15.1% |
| Operating profit (loss) | 9901 | -€13,978 | -€13,875 | +€103 | +0.7% |
| Financial income | 75/76B | €8,900 | €8,964 | +€64 | +0.7% |
| Recurring financial income | 75 | €8,900 | €8,964 | +€64 | +0.7% |
| Financial charges | 65/66B | €634 | €580 | -€53 | -8.4% |
| Recurring financial charges | 65 | €634 | €580 | -€53 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,712 | -€5,491 | +€221 | +3.9% |
| Profit (loss) for the period | 9904 | -€5,712 | -€5,491 | +€221 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,712 | -€5,491 | +€221 | +3.9% |
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 14 October 2026 via checked.be.