EQUITARE: 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.
EQUITARE
Largest movements
- Cash -€3,062
down €3,062 (-43.7%), from €7,010 to €3,948
mainly Other debts (-€4,679) and Debts after one year (-€3,590)
- Tangible fixed assets -€2,394
down €2,394 (-1.6%), from €152,150 to €149,757
- Other debts -€4,679
down €4,679 (-6.2%), from €76,030 to €71,351
- Debts after one year -€3,590
down €3,590 (-3.7%), from €98,083 to €94,492
- Gross operating margin +€1,483
up €1,483 (+20.1%), from €7,364 to €8,848
- Depreciation -€550
down €550 (-18.7%), from €2,943 to €2,394
- Financial charges +€416
up €416 (+10.0%), from €4,161 to €4,578
- Taxes +€394
new in 2025: €394
- Other operating charges -€114
down €114 (-70.0%), from €163 to €49
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 | €183,066 | €175,571 | -€7,495 | -4.1% |
| Fixed assets | 21/28 | €152,150 | €149,757 | -€2,394 | -1.6% |
| Tangible fixed assets | 22/27 | €152,150 | €149,757 | -€2,394 | -1.6% |
| Land and buildings | 22 | €152,150 | €149,757 | -€2,394 | -1.6% |
| Current assets | 29/58 | €30,915 | €25,814 | -€5,101 | -16.5% |
| Stocks and contracts in progress | 3 | €17,000 | €17,000 | = | 0.0% |
| Stocks | 30/36 | €17,000 | €17,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,589 | €4,867 | -€722 | -12.9% |
| Trade receivables | 40 | €4,850 | €4,123 | -€727 | -15.0% |
| Other amounts receivable | 41 | €739 | €744 | +€5 | +0.6% |
| Cash at bank and in hand | 54/58 | €7,010 | €3,948 | -€3,062 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,317 | €0 | -€1,317 | -100.0% |
| Total equity and liabilities | 10/49 | €183,066 | €175,571 | -€7,495 | -4.1% |
| Equity | 10/15 | €1,596 | €2,197 | +€601 | +37.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | - | -€1,500 | |
| Other | 1109/19 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €96 | €697 | +€601 | +624.1% |
| Amounts payable | 17/49 | €181,469 | €173,374 | -€8,095 | -4.5% |
| Amounts payable after more than one year | 17 | €98,083 | €94,492 | -€3,590 | -3.7% |
| Financial debts | 170/4 | €98,083 | €94,492 | -€3,590 | -3.7% |
| Amounts payable within one year | 42/48 | €83,387 | €78,882 | -€4,505 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €3,437 | €3,590 | +€154 | +4.5% |
| Trade debts | 44 | €2,016 | €2,116 | +€99 | +4.9% |
| Suppliers | 440/4 | €2,016 | €2,116 | +€99 | +4.9% |
| Taxes, remuneration and social security | 45 | €1,904 | €1,824 | -€80 | -4.2% |
| Taxes | 450/3 | €1,904 | €1,824 | -€80 | -4.2% |
| Other amounts payable | 47/48 | €76,030 | €71,351 | -€4,679 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,943 | €2,394 | -€550 | -18.7% |
| Other operating charges | 640/8 | €163 | €49 | -€114 | -70.0% |
| Gross operating margin | 9900 | €7,364 | €8,848 | +€1,483 | +20.1% |
| Operating profit (loss) | 9901 | €4,258 | €6,405 | +€2,147 | +50.4% |
| Financial charges | 65/66B | €4,161 | €4,578 | +€416 | +10.0% |
| Recurring financial charges | 65 | €4,161 | €4,578 | +€416 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €96 | €1,827 | +€1,731 | +1798.1% |
| Income taxes | 67/77 | - | €394 | +€394 | |
| Profit (loss) for the period | 9904 | €96 | €1,434 | +€1,338 | +1389.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96 | €1,434 | +€1,338 | +1389.3% |
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 29 September 2026 via checked.be.