EQUITRUST: 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.
EQUITRUST
Largest movements
- Tangible fixed assets -€238,224
no longer reported in 2025 (was €238,224)
- Cash +€201,660
up €201,660 (+407.1%), from €49,542 to €251,202
mainly Investment in fixed assets (net) (+€238,224) and Net result for the year (+€54,635)
- Current investments +€90,181
up €90,181 (+20.7%), from €436,416 to €526,597
- Profit (loss) carried forward +€54,635
up €54,635 (+8.7%), from €631,509 to €686,144
- Financial income +€24,484
up €24,484 (+141.2%), from €17,342 to €41,827
- Gross operating margin +€15,811
up €15,811, from -€518 to €15,293
- Depreciation -€3,329
no longer reported in 2025 (was €3,329)
- Financial charges +€275
up €275 (+16.4%), from €1,681 to €1,957
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 | €730,784 | €782,750 | +€51,966 | +7.1% |
| Fixed assets | 21/28 | €238,224 | - | -€238,224 | |
| Tangible fixed assets | 22/27 | €238,224 | - | -€238,224 | |
| Land and buildings | 22 | €238,224 | - | -€238,224 | |
| Current assets | 29/58 | €492,560 | €782,750 | +€290,190 | +58.9% |
| Amounts receivable within one year | 40/41 | €5,900 | €4,952 | -€948 | -16.1% |
| Other amounts receivable | 41 | €5,900 | €4,952 | -€948 | -16.1% |
| Current investments | 50/53 | €436,416 | €526,597 | +€90,181 | +20.7% |
| Cash at bank and in hand | 54/58 | €49,542 | €251,202 | +€201,660 | +407.1% |
| Deferred charges and accrued income | 490/1 | €703 | - | -€703 | |
| Total equity and liabilities | 10/49 | €730,784 | €782,750 | +€51,966 | +7.1% |
| Equity | 10/15 | €728,115 | €782,750 | +€54,635 | +7.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €31,606 | €31,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €25,106 | €25,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | €631,509 | €686,144 | +€54,635 | +8.7% |
| Amounts payable | 17/49 | €2,669 | - | -€2,669 | |
| Amounts payable after more than one year | 17 | €2,625 | - | -€2,625 | |
| Other amounts payable | 178/9 | €2,625 | - | -€2,625 | |
| Amounts payable within one year | 42/48 | €44 | - | -€44 | |
| Trade debts | 44 | €44 | - | -€44 | |
| Suppliers | 440/4 | €44 | - | -€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | - | -€3,329 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€518 | €15,293 | +€15,811 | |
| Operating profit (loss) | 9901 | -€4,361 | €14,765 | +€19,126 | |
| Financial income | 75/76B | €17,342 | €41,827 | +€24,484 | +141.2% |
| Recurring financial income | 75 | €17,342 | €41,827 | +€24,484 | +141.2% |
| Financial charges | 65/66B | €1,681 | €1,957 | +€275 | +16.4% |
| Recurring financial charges | 65 | €1,681 | €1,957 | +€275 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €11,301 | €54,635 | +€43,335 | +383.5% |
| Profit (loss) for the period | 9904 | €11,301 | €54,635 | +€43,335 | +383.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,301 | €54,635 | +€43,335 | +383.5% |
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.