Equitino: what changed
What changed
Equitino
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€34,259
2024 · €32,746+€1,514
Equity
€123,834
2024 · €89,575+€34,259
Cash
€16,432
2024 · €15,723+€709
Balance sheet total
€182,520
2024 · €160,235+€22,285
Largest movements
Assets
- Stocks and contracts +€12,841
up €12,841 (+35.4%), from €36,234 to €49,074
- Receivables within one year +€9,211
up €9,211 (+17.3%), from €53,303 to €62,514
of which Trade receivables: +€22,703
Equity and liabilities
- Profit (loss) carried forward +€34,259
up €34,259 (+39.3%), from €87,075 to €121,334
- Debts after one year -€10,056
down €10,056 (-68.2%), from €14,738 to €4,682
- Current portion of long-term debt +€3,913
up €3,913 (+27.6%), from €14,179 to €18,093
- Trade debts -€3,254
down €3,254 (-19.2%), from €16,913 to €13,660
Income statement
- Gross operating margin +€21,760
up €21,760 (+41.6%), from €52,282 to €74,042
- Depreciation +€10,014
up €10,014 (+167%), from €6,000 to €16,014
- Write-downs +€1,705
up €1,705 (+102%), from €1,673 to €3,378
- Taxes +€1,207
up €1,207 (+12.6%), from €9,556 to €10,763
- Other operating charges +€1,139
up €1,139 (+97.3%), from €1,171 to €2,310
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,746
Gross operating margin
+€21,760
Depreciation
-€10,014
Write-downs
-€1,705
Other operating charges
-€1,139
Other operating items
-€4,706
Financial income
-€561
Financial charges
-€914
Taxes
-€1,207
Result 2025
€34,259
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,416
Investment
-€15,564
Financing
-€6,143
Cash 2024
€15,723
From operations (derived)
+€22,416
Net result for the year
+€34,259
Depreciation
+€16,014
Stocks and contracts
-€12,841
Receivables within one year
-€9,211
Deferred charges and accrued income
+€26
Trade debts
-€3,254
Tax, wage and social debts
-€1,787
Advances received
-€791
Investment (derived)
-€15,564
Investment in fixed assets (net)
-€15,564
Financing
-€6,143
Debts after one year
-€10,056
Current portion of long-term debt
+€3,913
Cash 2025
€16,432
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,235 | €182,520 | +€22,285 | +13.9% |
| Fixed assets | 21/28 | €53,968 | €53,519 | -€450 | -0.8% |
| Tangible fixed assets | 22/27 | €49,804 | €49,355 | -€450 | -0.9% |
| Plant, machinery and equipment | 23 | €9,272 | €16,643 | +€7,371 | +79.5% |
| Furniture and vehicles | 24 | €40,532 | €32,712 | -€7,820 | -19.3% |
| Financial fixed assets | 28 | €4,164 | €4,164 | = | 0.0% |
| Current assets | 29/58 | €106,267 | €129,001 | +€22,734 | +21.4% |
| Stocks and contracts in progress | 3 | €36,234 | €49,074 | +€12,841 | +35.4% |
| Stocks | 30/36 | €36,234 | €49,074 | +€12,841 | +35.4% |
| Amounts receivable within one year | 40/41 | €53,303 | €62,514 | +€9,211 | +17.3% |
| Trade receivables | 40 | €2,124 | €24,827 | +€22,703 | +1,069% |
| Other amounts receivable | 41 | €51,179 | €37,687 | -€13,492 | -26.4% |
| Cash at bank and in hand | 54/58 | €15,723 | €16,432 | +€709 | +4.5% |
| Deferred charges and accrued income | 490/1 | €1,007 | €981 | -€26 | -2.6% |
| Total equity and liabilities | 10/49 | €160,235 | €182,520 | +€22,285 | +13.9% |
| Equity | 10/15 | €89,575 | €123,834 | +€34,259 | +38.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,075 | €121,334 | +€34,259 | +39.3% |
| Amounts payable | 17/49 | €70,661 | €58,686 | -€11,975 | -16.9% |
| Amounts payable after more than one year | 17 | €14,738 | €4,682 | -€10,056 | -68.2% |
| Financial debts | 170/4 | €14,738 | €4,682 | -€10,056 | -68.2% |
| Amounts payable within one year | 42/48 | €55,923 | €54,004 | -€1,918 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €14,179 | €18,093 | +€3,913 | +27.6% |
| Trade debts | 44 | €16,913 | €13,660 | -€3,254 | -19.2% |
| Suppliers | 440/4 | €16,913 | €13,660 | -€3,254 | -19.2% |
| Advances received on contracts in progress | 46 | €791 | €0 | -€791 | -100% |
| Taxes, remuneration and social security | 45 | €24,039 | €22,252 | -€1,787 | -7.4% |
| Taxes | 450/3 | €24,039 | €22,252 | -€1,787 | -7.4% |
| Non-recurring operating income | 76A | €174 | €0 | -€174 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €16,014 | +€10,014 | +167% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,673 | €3,378 | +€1,705 | +102% |
| Other operating charges | 640/8 | €1,171 | €2,310 | +€1,139 | +97.3% |
| Non-recurring operating charges | 66A | €0 | €4,706 | +€4,706 | |
| Gross operating margin | 9900 | €52,282 | €74,042 | +€21,760 | +41.6% |
| Operating profit (loss) | 9901 | €43,438 | €47,634 | +€4,196 | +9.7% |
| Financial income | 75/76B | €2,165 | €1,604 | -€561 | -25.9% |
| Recurring financial income | 75 | €2,165 | €1,604 | -€561 | -25.9% |
| Financial charges | 65/66B | €3,301 | €4,215 | +€914 | +27.7% |
| Recurring financial charges | 65 | €3,301 | €4,215 | +€914 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €42,301 | €45,022 | +€2,721 | +6.4% |
| Income taxes | 67/77 | €9,556 | €10,763 | +€1,207 | +12.6% |
| Profit (loss) for the period | 9904 | €32,746 | €34,259 | +€1,514 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,746 | €34,259 | +€1,514 | +4.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.