EQUISOUND: 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.
EQUISOUND
Largest movements
- Tangible fixed assets -€82,628
down €82,628 (-9.7%), from €852,027 to €769,398
of which Land and buildings: -€49,304
- Stocks and contracts +€17,794
up €17,794 (+77.0%), from €23,120 to €40,914
- Other debts -€85,633
down €85,633 (-88.0%), from €97,302 to €11,669
- Reserves +€80,504
up €80,504 (+18.1%), from €444,127 to €524,631
- Debts after one year -€74,417
down €74,417 (-23.8%), from €313,155 to €238,738
- Tax, wage and social debts +€42,291
up €42,291 (+273.3%), from €15,477 to €57,768
of which Taxes: +€42,666
- Trade debts -€16,203
down €16,203 (-42.8%), from €37,864 to €21,660
- Staff costs +€58,936
up €58,936 (+102.5%), from €57,507 to €116,444
- Gross operating margin +€52,294
up €52,294 (+16.3%), from €319,975 to €372,269
- Other operating charges -€30,949
down €30,949 (-88.6%), from €34,915 to €3,966
- Depreciation +€14,928
up €14,928 (+13.2%), from €113,331 to €128,259
- Taxes +€5,046
up €5,046 (+17.8%), from €28,423 to €33,469
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 | €1,017,943 | €952,018 | -€65,925 | -6.5% |
| Fixed assets | 21/28 | €854,352 | €771,723 | -€82,628 | -9.7% |
| Tangible fixed assets | 22/27 | €852,027 | €769,398 | -€82,628 | -9.7% |
| Land and buildings | 22 | €658,302 | €608,998 | -€49,304 | -7.5% |
| Plant, machinery and equipment | 23 | €132,606 | €116,575 | -€16,031 | -12.1% |
| Furniture and vehicles | 24 | €33,084 | €25,403 | -€7,681 | -23.2% |
| Other tangible fixed assets | 26 | €28,034 | €18,422 | -€9,612 | -34.3% |
| Financial fixed assets | 28 | €2,325 | €2,325 | = | 0.0% |
| Current assets | 29/58 | €163,592 | €180,294 | +€16,703 | +10.2% |
| Stocks and contracts in progress | 3 | €23,120 | €40,914 | +€17,794 | +77.0% |
| Stocks | 30/36 | €23,120 | €40,914 | +€17,794 | +77.0% |
| Amounts receivable within one year | 40/41 | €43,255 | €35,384 | -€7,871 | -18.2% |
| Trade receivables | 40 | €33,382 | €35,384 | +€2,001 | +6.0% |
| Other amounts receivable | 41 | €9,872 | €0 | -€9,872 | -100.0% |
| Cash at bank and in hand | 54/58 | €91,087 | €98,808 | +€7,721 | +8.5% |
| Deferred charges and accrued income | 490/1 | €6,130 | €5,188 | -€942 | -15.4% |
| Total equity and liabilities | 10/49 | €1,017,943 | €952,018 | -€65,925 | -6.5% |
| Equity | 10/15 | €462,727 | €543,231 | +€80,504 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,127 | €524,631 | +€80,504 | +18.1% |
| Distributable reserves | 133 | €444,127 | €524,631 | +€80,504 | +18.1% |
| Amounts payable | 17/49 | €555,216 | €408,787 | -€146,429 | -26.4% |
| Amounts payable after more than one year | 17 | €313,155 | €238,738 | -€74,417 | -23.8% |
| Financial debts | 170/4 | €313,155 | €238,738 | -€74,417 | -23.8% |
| Amounts payable within one year | 42/48 | €233,679 | €165,514 | -€68,165 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €83,037 | €74,417 | -€8,620 | -10.4% |
| Trade debts | 44 | €37,864 | €21,660 | -€16,203 | -42.8% |
| Suppliers | 440/4 | €37,864 | €21,660 | -€16,203 | -42.8% |
| Taxes, remuneration and social security | 45 | €15,477 | €57,768 | +€42,291 | +273.3% |
| Taxes | 450/3 | €3,423 | €46,090 | +€42,666 | +1246.3% |
| Remuneration and social security | 454/9 | €12,053 | €11,679 | -€375 | -3.1% |
| Other amounts payable | 47/48 | €97,302 | €11,669 | -€85,633 | -88.0% |
| Accrued charges and deferred income | 492/3 | €8,381 | €4,534 | -€3,847 | -45.9% |
| Remuneration, social security and pensions | 62 | €57,507 | €116,444 | +€58,936 | +102.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,331 | €128,259 | +€14,928 | +13.2% |
| Other operating charges | 640/8 | €34,915 | €3,966 | -€30,949 | -88.6% |
| Gross operating margin | 9900 | €319,975 | €372,269 | +€52,294 | +16.3% |
| Operating profit (loss) | 9901 | €114,222 | €123,600 | +€9,379 | +8.2% |
| Financial income | 75/76B | €1,508 | €0 | -€1,508 | -100.0% |
| Recurring financial income | 75 | €1,508 | €0 | -€1,508 | -100.0% |
| Financial charges | 65/66B | €13,073 | €9,628 | -€3,446 | -26.4% |
| Recurring financial charges | 65 | €13,073 | €9,628 | -€3,446 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €102,656 | €113,973 | +€11,316 | +11.0% |
| Income taxes | 67/77 | €28,423 | €33,469 | +€5,046 | +17.8% |
| Profit (loss) for the period | 9904 | €74,233 | €80,504 | +€6,271 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,233 | €80,504 | +€6,271 | +8.4% |
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 4 October 2026 via checked.be.