EQUISK: 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.
EQUISK
Largest movements
- Tangible fixed assets +€59,349
up €59,349 (+87.5%), from €67,819 to €127,168
of which Furniture and vehicles: +€62,542
- Stocks and contracts -€15,039
no longer reported in 2025 (was €15,039)
- Receivables within one year +€6,601
up €6,601 (+800.1%), from €825 to €7,426
- Cash +€2,171
up €2,171 (+5.6%), from €39,086 to €41,257
mainly Net result for the year (+€36,212) and Debts after one year (+€26,712)
- Reserves +€35,000
up €35,000 (+373.9%), from €9,360 to €44,360
of which Distributable reserves: +€35,000
- Debts after one year +€26,712
up €26,712 (+51.6%), from €51,783 to €78,495
- Other debts -€10,574
down €10,574 (-30.3%), from €34,878 to €24,304
- Current portion of long-term debt +€8,930
up €8,930 (+204.9%), from €4,359 to €13,288
- Tax, wage and social debts -€6,745
no longer reported in 2025 (was €6,745)
of which Taxes: -€4,745
- Gross operating margin +€20,036
up €20,036 (+56.8%), from €35,288 to €55,323
- Depreciation +€1,533
up €1,533 (+12.9%), from €11,857 to €13,390
- Financial charges +€604
up €604 (+18.6%), from €3,245 to €3,849
- Other operating charges -€585
down €585 (-26.7%), from €2,190 to €1,605
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 | €131,299 | €184,445 | +€53,146 | +40.5% |
| Fixed assets | 21/28 | €72,819 | €132,168 | +€59,349 | +81.5% |
| Tangible fixed assets | 22/27 | €67,819 | €127,168 | +€59,349 | +87.5% |
| Land and buildings | 22 | €2,767 | €509 | -€2,259 | -81.6% |
| Plant, machinery and equipment | 23 | €35,051 | €37,117 | +€2,066 | +5.9% |
| Furniture and vehicles | 24 | - | €62,542 | +€62,542 | |
| Other tangible fixed assets | 26 | €30,000 | €27,000 | -€3,000 | -10.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €58,480 | €52,277 | -€6,203 | -10.6% |
| Stocks and contracts in progress | 3 | €15,039 | - | -€15,039 | |
| Stocks | 30/36 | €15,039 | - | -€15,039 | |
| Amounts receivable within one year | 40/41 | €825 | €7,426 | +€6,601 | +800.1% |
| Other amounts receivable | 41 | €825 | €7,426 | +€6,601 | +800.1% |
| Cash at bank and in hand | 54/58 | €39,086 | €41,257 | +€2,171 | +5.6% |
| Deferred charges and accrued income | 490/1 | €3,530 | €3,594 | +€64 | +1.8% |
| Total equity and liabilities | 10/49 | €131,299 | €184,445 | +€53,146 | +40.5% |
| Equity | 10/15 | €28,932 | €65,144 | +€36,212 | +125.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,360 | €44,360 | +€35,000 | +373.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €42,500 | +€35,000 | +466.7% |
| Profit (loss) carried forward | 14 | €972 | €2,184 | +€1,212 | +124.7% |
| Amounts payable | 17/49 | €102,367 | €119,301 | +€16,934 | +16.5% |
| Amounts payable after more than one year | 17 | €51,783 | €78,495 | +€26,712 | +51.6% |
| Financial debts | 170/4 | €51,783 | €78,495 | +€26,712 | +51.6% |
| Amounts payable within one year | 42/48 | €50,584 | €40,806 | -€9,778 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €4,359 | €13,288 | +€8,930 | +204.9% |
| Trade debts | 44 | €4,602 | €3,214 | -€1,389 | -30.2% |
| Suppliers | 440/4 | €4,602 | €3,214 | -€1,389 | -30.2% |
| Taxes, remuneration and social security | 45 | €6,745 | - | -€6,745 | |
| Taxes | 450/3 | €4,745 | - | -€4,745 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €34,878 | €24,304 | -€10,574 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,857 | €13,390 | +€1,533 | +12.9% |
| Other operating charges | 640/8 | €2,190 | €1,605 | -€585 | -26.7% |
| Gross operating margin | 9900 | €35,288 | €55,323 | +€20,036 | +56.8% |
| Operating profit (loss) | 9901 | €21,240 | €40,328 | +€19,088 | +89.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,245 | €3,849 | +€604 | +18.6% |
| Recurring financial charges | 65 | €3,245 | €3,849 | +€604 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €17,995 | €36,479 | +€18,484 | +102.7% |
| Income taxes | 67/77 | €699 | €267 | -€432 | -61.8% |
| Profit (loss) for the period | 9904 | €17,295 | €36,212 | +€18,916 | +109.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,295 | €36,212 | +€18,916 | +109.4% |
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 8 October 2026 via checked.be.