EQUITES HOLDING: 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.
EQUITES HOLDING
Largest movements
- Receivables after one year +€11.5m
up €11.5m (+310%), from €3.7m to €15.3m
- Financial fixed assets +€5.1m
up €5.1m (+62.7%), from €8.2m to €13.3m
- Receivables within one year -€3.2m
down €3.2m (-33.5%), from €9.6m to €6.4m
of which Other amounts receivable: -€3.2m
- Debts after one year +€9.0m
up €9.0m (+60.3%), from €14.9m to €23.9m
- Contributions +€4.5m
up €4.5m (+67.2%), from €6.7m to €11.2m
- Financial charges +€244,307
up €244,307 (+50.0%), from €488,631 to €732,939
- Financial income +€210,360
up €210,360 (+48.0%), from €438,691 to €649,051
- Services and other goods +€28,045
up €28,045 (+167%), from €16,812 to €44,857
- Turnover +€15,000
up €15,000 (+40.0%), from €37,500 to €52,500
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 | €21,542,204 | €34,942,397 | +€13.4m | +62.2% |
| Fixed assets | 21/28 | €8,150,002 | €13,256,300 | +€5.1m | +62.7% |
| Financial fixed assets | 28 | €8,150,002 | €13,256,300 | +€5.1m | +62.7% |
| Affiliated companies | 280/1 | €8,150,002 | €13,256,300 | +€5.1m | +62.7% |
| Participating interests | 280 | €8,150,002 | €13,256,300 | +€5.1m | +62.7% |
| Current assets | 29/58 | €13,392,202 | €21,686,097 | +€8.3m | +61.9% |
| Amounts receivable after more than one year | 29 | €3,719,355 | €15,265,256 | +€11.5m | +310% |
| Other amounts receivable | 291 | €3,719,355 | €15,265,256 | +€11.5m | +310% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,625,602 | €6,405,517 | -€3.2m | -33.5% |
| Trade receivables | 40 | €37,500 | €63,525 | +€26,025 | +69.4% |
| Other amounts receivable | 41 | €9,588,102 | €6,341,992 | -€3.2m | -33.9% |
| Cash at bank and in hand | 54/58 | €47,245 | €15,324 | -€31,921 | -67.6% |
| Total equity and liabilities | 10/49 | €21,542,204 | €34,942,397 | +€13.4m | +62.2% |
| Equity | 10/15 | €6,657,138 | €11,080,009 | +€4.4m | +66.4% |
| Contributions | 10/11 | €6,700,000 | €11,200,000 | +€4.5m | +67.2% |
| Profit (loss) carried forward | 14 | -€42,862 | -€119,991 | -€77,130 | -180% |
| Amounts payable | 17/49 | €14,885,066 | €23,862,388 | +€9.0m | +60.3% |
| Amounts payable after more than one year | 17 | €14,884,889 | €23,858,871 | +€9.0m | +60.3% |
| Other amounts payable | 178/9 | €14,884,889 | €23,858,871 | +€9.0m | +60.3% |
| Amounts payable within one year | 42/48 | €177 | €3,518 | +€3,341 | +1,890% |
| Trade debts | 44 | €177 | €51 | -€126 | -71.4% |
| Suppliers | 440/4 | €177 | €51 | -€126 | -71.4% |
| Taxes, remuneration and social security | 45 | - | €3,467 | +€3,467 | |
| Taxes | 450/3 | - | €3,467 | +€3,467 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Operating income | 70/76A | €37,500 | €52,500 | +€15,000 | +40.0% |
| Turnover | 70 | €37,500 | €52,500 | +€15,000 | +40.0% |
| Operating charges | 60/66A | €18,086 | €45,743 | +€27,657 | +153% |
| Services and other goods | 61 | €16,812 | €44,857 | +€28,045 | +167% |
| Other operating charges | 640/8 | €1,274 | €885 | -€388 | -30.5% |
| Operating profit (loss) | 9901 | €19,414 | €6,757 | -€12,657 | -65.2% |
| Financial income | 75/76B | €438,691 | €649,051 | +€210,360 | +48.0% |
| Recurring financial income | 75 | €438,691 | €649,051 | +€210,360 | +48.0% |
| Income from current assets | 751 | €438,691 | €649,051 | +€210,360 | +48.0% |
| Financial charges | 65/66B | €488,631 | €732,939 | +€244,307 | +50.0% |
| Recurring financial charges | 65 | €488,631 | €732,939 | +€244,307 | +50.0% |
| Debt charges | 650 | €488,211 | €728,226 | +€240,015 | +49.2% |
| Other financial charges | 652/9 | €420 | €4,713 | +€4,293 | +1,022% |
| Profit (loss) for the period before taxes | 9903 | -€30,526 | -€77,130 | -€46,604 | -153% |
| Profit (loss) for the period | 9904 | -€30,526 | -€77,130 | -€46,604 | -153% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,526 | -€77,130 | -€46,604 | -153% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.