EQUITRADE: 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.
EQUITRADE
Largest movements
- Deferred charges and accrued income +€11,698
up €11,698 (+95.1%), from €12,302 to €24,000
- Cash -€6,180
down €6,180 (-61.0%), from €10,134 to €3,954
mainly Net result for the year (-€13,688) and Deferred charges and accrued income (-€11,698)
- Trade debts +€16,902
up €16,902 (+306.5%), from €5,514 to €22,416
- Reserves -€13,688
down €13,688 (-17.4%), from €78,443 to €64,756
of which Distributable reserves: -€13,688
- Gross operating margin +€26,634
up €26,634 (+70.7%), from -€37,662 to -€11,028
- Other operating charges -€1,473
down €1,473 (-78.7%), from €1,872 to €400
- Depreciation -€709
down €709 (-24.3%), from €2,925 to €2,215
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 | €410,649 | €414,210 | +€3,561 | +0.9% |
| Fixed assets | 21/28 | €2,598 | €383 | -€2,215 | -85.3% |
| Tangible fixed assets | 22/27 | €2,598 | €383 | -€2,215 | -85.3% |
| Furniture and vehicles | 24 | €2,598 | €383 | -€2,215 | -85.3% |
| Current assets | 29/58 | €408,051 | €413,827 | +€5,776 | +1.4% |
| Stocks and contracts in progress | 3 | €43,200 | €43,200 | = | 0.0% |
| Stocks | 30/36 | €43,200 | €43,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €342,415 | €342,673 | +€258 | +0.1% |
| Trade receivables | 40 | €7,805 | €7,535 | -€269 | -3.5% |
| Other amounts receivable | 41 | €334,611 | €335,138 | +€527 | +0.2% |
| Cash at bank and in hand | 54/58 | €10,134 | €3,954 | -€6,180 | -61.0% |
| Deferred charges and accrued income | 490/1 | €12,302 | €24,000 | +€11,698 | +95.1% |
| Total equity and liabilities | 10/49 | €410,649 | €414,210 | +€3,561 | +0.9% |
| Equity | 10/15 | €84,643 | €70,956 | -€13,688 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,443 | €64,756 | -€13,688 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,583 | €62,896 | -€13,688 | -17.9% |
| Amounts payable | 17/49 | €326,006 | €343,254 | +€17,248 | +5.3% |
| Amounts payable within one year | 42/48 | €326,006 | €343,254 | +€17,248 | +5.3% |
| Trade debts | 44 | €5,514 | €22,416 | +€16,902 | +306.5% |
| Suppliers | 440/4 | €5,514 | €22,416 | +€16,902 | +306.5% |
| Taxes, remuneration and social security | 45 | €264 | €1,006 | +€742 | +280.8% |
| Taxes | 450/3 | €264 | €1,006 | +€742 | +280.8% |
| Other amounts payable | 47/48 | €320,227 | €319,832 | -€396 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,925 | €2,215 | -€709 | -24.3% |
| Other operating charges | 640/8 | €1,872 | €400 | -€1,473 | -78.7% |
| Gross operating margin | 9900 | -€37,662 | -€11,028 | +€26,634 | +70.7% |
| Operating profit (loss) | 9901 | -€42,459 | -€13,643 | +€28,816 | +67.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €193 | €45 | -€148 | -76.8% |
| Recurring financial charges | 65 | €193 | €45 | -€148 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,652 | -€13,688 | +€28,964 | +67.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€42,652 | -€13,688 | +€28,964 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,652 | -€13,688 | +€28,964 | +67.9% |
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 8 October 2026 via checked.be.