EQUITIS: 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.
EQUITIS
Largest movements
- Cash +€74,540
up €74,540 (+92.9%), from €80,270 to €154,810
mainly Net result for the year (+€80,093) and Tax, wage and social debts (+€17,499)
- Receivables within one year +€25,532
up €25,532 (+50.6%), from €50,422 to €75,954
- Tangible fixed assets -€6,710
down €6,710 (-83.8%), from €8,009 to €1,299
- Reserves +€79,260
up €79,260 (+156.8%), from €50,540 to €129,799
- Tax, wage and social debts +€17,499
up €17,499 (+58.6%), from €29,884 to €47,383
- Debts after one year -€4,663
no longer reported in 2025 (was €4,663)
- Current portion of long-term debt -€3,113
down €3,113 (-40.0%), from €7,776 to €4,663
- Gross operating margin +€41,618
up €41,618 (+52.0%), from €80,110 to €121,728
- Taxes +€11,628
up €11,628 (+59.3%), from €19,607 to €31,235
- Write-downs +€1,453
new in 2025: €1,453
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 | €139,670 | €233,986 | +€94,316 | +67.5% |
| Fixed assets | 21/28 | €8,009 | €1,299 | -€6,710 | -83.8% |
| Tangible fixed assets | 22/27 | €8,009 | €1,299 | -€6,710 | -83.8% |
| Furniture and vehicles | 24 | €8,009 | €1,299 | -€6,710 | -83.8% |
| Current assets | 29/58 | €131,662 | €232,687 | +€101,025 | +76.7% |
| Amounts receivable within one year | 40/41 | €50,422 | €75,954 | +€25,532 | +50.6% |
| Trade receivables | 40 | €50,422 | €75,954 | +€25,532 | +50.6% |
| Cash at bank and in hand | 54/58 | €80,270 | €154,810 | +€74,540 | +92.9% |
| Deferred charges and accrued income | 490/1 | €970 | €1,923 | +€954 | +98.4% |
| Total equity and liabilities | 10/49 | €139,670 | €233,986 | +€94,316 | +67.5% |
| Equity | 10/15 | €78,138 | €157,398 | +€79,260 | +101.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,540 | €129,799 | +€79,260 | +156.8% |
| Distributable reserves | 133 | €50,540 | €129,799 | +€79,260 | +156.8% |
| Profit (loss) carried forward | 14 | €22,598 | €22,598 | = | 0.0% |
| Amounts payable | 17/49 | €61,532 | €76,588 | +€15,056 | +24.5% |
| Amounts payable after more than one year | 17 | €4,663 | - | -€4,663 | |
| Financial debts | 170/4 | €4,663 | - | -€4,663 | |
| Amounts payable within one year | 42/48 | €56,869 | €75,759 | +€18,889 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €7,776 | €4,663 | -€3,113 | -40.0% |
| Trade debts | 44 | €3,020 | €3,640 | +€620 | +20.5% |
| Suppliers | 440/4 | €3,020 | €3,640 | +€620 | +20.5% |
| Advances received on contracts in progress | 46 | €256 | €2,000 | +€1,744 | +682.5% |
| Taxes, remuneration and social security | 45 | €29,884 | €47,383 | +€17,499 | +58.6% |
| Taxes | 450/3 | €29,884 | €47,383 | +€17,499 | +58.6% |
| Other amounts payable | 47/48 | €15,934 | €18,072 | +€2,138 | +13.4% |
| Accrued charges and deferred income | 492/3 | - | €830 | +€830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,214 | €7,453 | +€239 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,453 | +€1,453 | |
| Other operating charges | 640/8 | €579 | €538 | -€41 | -7.1% |
| Gross operating margin | 9900 | €80,110 | €121,728 | +€41,618 | +52.0% |
| Operating profit (loss) | 9901 | €72,318 | €112,284 | +€39,966 | +55.3% |
| Financial income | 75/76B | €203 | €48 | -€155 | -76.5% |
| Recurring financial income | 75 | €203 | €48 | -€155 | -76.5% |
| Financial charges | 65/66B | €1,541 | €1,004 | -€537 | -34.9% |
| Recurring financial charges | 65 | €1,541 | €1,004 | -€537 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €70,979 | €111,328 | +€40,349 | +56.8% |
| Income taxes | 67/77 | €19,607 | €31,235 | +€11,628 | +59.3% |
| Profit (loss) for the period | 9904 | €51,373 | €80,093 | +€28,720 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,373 | €80,093 | +€28,720 | +55.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.