EQUITHEMATA: 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.
EQUITHEMATA
Largest movements
- Tangible fixed assets -€7,700
down €7,700 (-50.8%), from €15,160 to €7,460
- Cash +€5,610
up €5,610 (+10.1%), from €55,332 to €60,942
mainly Depreciation (+€7,700) and Trade debts (+€2,663)
- Other debts -€2,771
down €2,771 (-19.7%), from €14,062 to €11,290
- Trade debts +€2,663
up €2,663 (+117.3%), from €2,270 to €4,933
- Gross operating margin +€7,314
up €7,314 (+4813.0%), from €152 to €7,466
- Financial income -€446
down €446 (-83.5%), from €534 to €88
- Other operating charges +€396
up €396 (+144.0%), from €275 to €671
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 | €182,161 | €180,502 | -€1,660 | -0.9% |
| Fixed assets | 21/28 | €15,160 | €7,460 | -€7,700 | -50.8% |
| Tangible fixed assets | 22/27 | €15,160 | €7,460 | -€7,700 | -50.8% |
| Furniture and vehicles | 24 | €15,160 | €7,460 | -€7,700 | -50.8% |
| Current assets | 29/58 | €167,001 | €173,042 | +€6,040 | +3.6% |
| Stocks and contracts in progress | 3 | €106,600 | €106,600 | = | 0.0% |
| Stocks | 30/36 | €106,600 | €106,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,395 | €4,754 | +€360 | +8.2% |
| Trade receivables | 40 | €3,052 | €3,640 | +€587 | +19.2% |
| Other amounts receivable | 41 | €1,342 | €1,115 | -€228 | -17.0% |
| Cash at bank and in hand | 54/58 | €55,332 | €60,942 | +€5,610 | +10.1% |
| Deferred charges and accrued income | 490/1 | €675 | €746 | +€71 | +10.5% |
| Total equity and liabilities | 10/49 | €182,161 | €180,502 | -€1,660 | -0.9% |
| Equity | 10/15 | €42,330 | €41,278 | -€1,052 | -2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,069 | €42,069 | = | 0.0% |
| Distributable reserves | 133 | €42,069 | €42,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,139 | -€13,191 | -€1,052 | -8.7% |
| Amounts payable | 17/49 | €139,832 | €139,224 | -€608 | -0.4% |
| Amounts payable after more than one year | 17 | €122,000 | €122,000 | = | 0.0% |
| Financial debts | 170/4 | €122,000 | €122,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,332 | €16,224 | -€108 | -0.7% |
| Trade debts | 44 | €2,270 | €4,933 | +€2,663 | +117.3% |
| Suppliers | 440/4 | €2,270 | €4,933 | +€2,663 | +117.3% |
| Other amounts payable | 47/48 | €14,062 | €11,290 | -€2,771 | -19.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,000 | -€500 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,700 | €7,700 | = | 0.0% |
| Other operating charges | 640/8 | €275 | €671 | +€396 | +144.0% |
| Gross operating margin | 9900 | €152 | €7,466 | +€7,314 | +4813.0% |
| Operating profit (loss) | 9901 | -€7,823 | -€905 | +€6,918 | +88.4% |
| Financial income | 75/76B | €534 | €88 | -€446 | -83.5% |
| Recurring financial income | 75 | €534 | €88 | -€446 | -83.5% |
| Financial charges | 65/66B | €169 | €234 | +€65 | +38.4% |
| Recurring financial charges | 65 | €169 | €234 | +€65 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,458 | -€1,052 | +€6,406 | +85.9% |
| Profit (loss) for the period | 9904 | -€7,458 | -€1,052 | +€6,406 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,458 | -€1,052 | +€6,406 | +85.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.