EQUITOM: 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.
What changed
EQUITOM
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€773,401
2024 · €213,867-€987,267
Equity
€1.7m
2024 · €2.6m-€891,339
Cash
€550,300
2024 · €720,417-€170,116
Balance sheet total
€8.5m
2024 · €9.4m-€895,935
Largest movements
Assets
- Receivables within one year -€401,963
down €401,963 (-15.1%), from €2.7m to €2.3m
of which Trade receivables: -€280,124
- Tangible fixed assets -€351,703
down €351,703 (-6.5%), from €5.4m to €5.1m
of which Plant, machinery and equipment: -€461,634
- Cash -€170,116
down €170,116 (-23.6%), from €720,417 to €550,300
mainly Net result for the year (-€773,401) and Investment in fixed assets (net) (-€699,752)
Equity and liabilities
- Reserves -€1.3m
down €1.3m (-49.4%), from €2.5m to €1.3m
of which Distributable reserves: -€1.3m
- Trade debts +€954,046
up €954,046 (+96.2%), from €991,886 to €1.9m
- Other debts -€616,456
down €616,456 (-99.6%), from €618,996 to €2,540
- Short-term financial debts -€420,000
no longer reported in 2025 (was €420,000)
- Contributions +€367,798
up €367,798 (+1977.4%), from €18,600 to €386,398
Income statement
- Services and other goods +€1.2m
up €1.2m (+38.4%), from €3.3m to €4.5m
- Turnover +€915,315
up €915,315 (+7.2%), from €12.8m to €13.7m
- Goods and materials +€651,838
up €651,838 (+10.4%), from €6.3m to €6.9m
of which Purchases: +€649,806
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.
Result 2024
€213,867
Turnover
+€915,315
Other operating income
+€35,800
Goods and materials
-€651,838
Services and other goods
-€1.2m
Staff costs
-€20,891
Depreciation
+€27,602
Write-downs
-€81,831
Other operating charges
-€79,644
Financial income
+€45,741
Financial charges
-€14,112
Taxes
+€84,666
Result 2025
-€773,401
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.
From operations
+€918,890
Investment
-€699,752
Financing
-€389,254
Cash 2024
€720,417
From operations (derived)
+€918,890
Net result for the year
-€773,401
Depreciation
+€1.1m
Stocks and contracts
-€29,572
Receivables within one year
+€401,963
Deferred charges and accrued income
+€137
Trade debts
+€954,046
Tax, wage and social debts
-€194,380
Other debts
-€616,456
Accrued charges and deferred income
+€123,509
Investment (derived)
-€699,752
Investment in fixed assets (net)
-€699,752
Financing
-€389,254
Debts after one year
+€336,708
Current portion of long-term debt
-€188,024
Short-term financial debts
-€420,000
Contributions, distributions and other
-€117,938
Cash 2025
€550,300
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,395,779 | €8,499,844 | -€895,935 | -9.5% |
| Fixed assets | 21/28 | €5,428,108 | €5,074,817 | -€353,291 | -6.5% |
| Intangible fixed assets | 21 | €4,323 | €2,736 | -€1,588 | -36.7% |
| Tangible fixed assets | 22/27 | €5,423,785 | €5,072,081 | -€351,703 | -6.5% |
| Plant, machinery and equipment | 23 | €2,106,067 | €1,644,433 | -€461,634 | -21.9% |
| Furniture and vehicles | 24 | €108,363 | €89,453 | -€18,909 | -17.5% |
| Leasing and similar rights | 25 | €351,210 | €236,753 | -€114,457 | -32.6% |
| Other tangible fixed assets | 26 | €2,858,145 | €2,567,953 | -€290,192 | -10.2% |
| Assets under construction and advance payments | 27 | - | €533,489 | +€533,489 | |
| Current assets | 29/58 | €3,967,671 | €3,425,027 | -€542,644 | -13.7% |
| Stocks and contracts in progress | 3 | €530,111 | €559,683 | +€29,572 | +5.6% |
| Stocks | 30/36 | €530,111 | €559,683 | +€29,572 | +5.6% |
| Goods purchased for resale | 34 | €530,111 | €559,683 | +€29,572 | +5.6% |
| Amounts receivable within one year | 40/41 | €2,666,815 | €2,264,851 | -€401,963 | -15.1% |
| Trade receivables | 40 | €1,986,510 | €1,706,386 | -€280,124 | -14.1% |
| Other amounts receivable | 41 | €680,305 | €558,466 | -€121,839 | -17.9% |
| Cash at bank and in hand | 54/58 | €720,417 | €550,300 | -€170,116 | -23.6% |
| Deferred charges and accrued income | 490/1 | €50,329 | €50,192 | -€137 | -0.3% |
| Total equity and liabilities | 10/49 | €9,395,779 | €8,499,844 | -€895,935 | -9.5% |
| Equity | 10/15 | €2,566,643 | €1,675,304 | -€891,339 | -34.7% |
| Contributions | 10/11 | €18,600 | €386,398 | +€367,798 | +1977.4% |
| Reserves | 13 | €2,548,043 | €1,288,906 | -€1.3m | -49.4% |
| Tax-exempt reserves | 132 | €1,912 | €1,912 | = | 0.0% |
| Distributable reserves | 133 | €2,546,130 | €1,286,994 | -€1.3m | -49.5% |
| Amounts payable | 17/49 | €6,829,136 | €6,824,540 | -€4,597 | -0.1% |
| Amounts payable after more than one year | 17 | €3,904,531 | €4,241,239 | +€336,708 | +8.6% |
| Financial debts | 170/4 | €3,904,531 | €4,241,239 | +€336,708 | +8.6% |
| Leasing and similar obligations | 172 | €237,864 | €146,368 | -€91,496 | -38.5% |
| Credit institutions | 173 | €3,666,667 | - | -€3.7m | |
| Other loans | 174 | - | €4,094,871 | +€4.1m | |
| Amounts payable within one year | 42/48 | €2,897,631 | €2,432,817 | -€464,814 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €279,308 | €91,284 | -€188,024 | -67.3% |
| Financial debts | 43 | €420,000 | - | -€420,000 | |
| Credit institutions | 430/8 | €420,000 | - | -€420,000 | |
| Trade debts | 44 | €991,886 | €1,945,932 | +€954,046 | +96.2% |
| Suppliers | 440/4 | €991,886 | €1,945,932 | +€954,046 | +96.2% |
| Taxes, remuneration and social security | 45 | €587,441 | €393,061 | -€194,380 | -33.1% |
| Taxes | 450/3 | €485,796 | €282,144 | -€203,652 | -41.9% |
| Remuneration and social security | 454/9 | €101,645 | €110,917 | +€9,272 | +9.1% |
| Other amounts payable | 47/48 | €618,996 | €2,540 | -€616,456 | -99.6% |
| Accrued charges and deferred income | 492/3 | €26,974 | €150,483 | +€123,509 | +457.9% |
| Operating income | 70/76A | €12,885,176 | €13,836,291 | +€951,115 | +7.4% |
| Turnover | 70 | €12,773,039 | €13,688,354 | +€915,315 | +7.2% |
| Other operating income | 74 | €112,137 | €147,937 | +€35,800 | +31.9% |
| Operating charges | 60/66A | €12,256,585 | €14,311,262 | +€2.1m | +16.8% |
| Goods for resale, raw materials and consumables | 60 | €6,274,044 | €6,925,882 | +€651,838 | +10.4% |
| Purchases | 600/8 | €6,305,649 | €6,955,455 | +€649,806 | +10.3% |
| Change in stocks: decrease (increase) | 609 | -€31,605 | -€29,572 | +€2,032 | +6.4% |
| Services and other goods | 61 | €3,253,738 | €4,501,814 | +€1.2m | +38.4% |
| Remuneration, social security and pensions | 62 | €1,543,797 | €1,564,687 | +€20,891 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080,645 | €1,053,043 | -€27,602 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,103 | €121,934 | +€81,831 | +204.0% |
| Other operating charges | 640/8 | €64,258 | €143,902 | +€79,644 | +123.9% |
| Operating profit (loss) | 9901 | €628,591 | -€474,971 | -€1.1m | |
| Financial income | 75/76B | €1,060 | €46,801 | +€45,741 | +4313.9% |
| Recurring financial income | 75 | €1,060 | €3,137 | +€2,077 | +195.9% |
| Income from financial fixed assets | 750 | - | €468 | +€468 | |
| Other financial income | 752/9 | €1,060 | €2,669 | +€1,609 | +151.8% |
| Non-recurring financial income | 76B | - | €43,664 | +€43,664 | |
| Financial charges | 65/66B | €326,709 | €340,821 | +€14,112 | +4.3% |
| Recurring financial charges | 65 | €326,709 | €281,774 | -€44,935 | -13.8% |
| Debt charges | 650 | €303,224 | €257,360 | -€45,864 | -15.1% |
| Other financial charges | 652/9 | €23,485 | €24,413 | +€929 | +4.0% |
| Non-recurring financial charges | 66B | - | €59,047 | +€59,047 | |
| Profit (loss) for the period before taxes | 9903 | €302,942 | -€768,991 | -€1.1m | |
| Income taxes | 67/77 | €89,075 | €4,409 | -€84,666 | -95.0% |
| Taxes | 670/3 | €90,000 | €4,409 | -€85,591 | -95.1% |
| Tax adjustments and reversals of tax provisions | 77 | €925 | - | -€925 | |
| Profit (loss) for the period | 9904 | €213,867 | -€773,401 | -€987,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,867 | -€773,401 | -€987,267 |
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 2 October 2026 via checked.be.