EQUIVET: 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.
EQUIVET
Largest movements
- Receivables within one year +€12,535
up €12,535 (+27.9%), from €44,924 to €57,458
of which Trade receivables: +€10,091
- Cash +€7,616
up €7,616 (+43.5%), from €17,503 to €25,119
mainly Net result for the year (+€22,185) and Depreciation (+€5,449)
- Tangible fixed assets -€5,449
down €5,449 (-5.9%), from €91,760 to €86,311
of which Land and buildings: -€5,361
- Profit (loss) carried forward +€12,252
up €12,252 (+29.8%), from €41,099 to €53,351
- Debts after one year -€9,501
down €9,501 (-14.7%), from €64,596 to €55,095
- Reserves +€9,100
up €9,100 (+36.0%), from €25,260 to €34,360
of which Distributable reserves: +€9,100
- Trade debts +€4,293
new in 2025: €4,293
- Tax, wage and social debts -€2,999
down €2,999 (-37.9%), from €7,907 to €4,908
of which Taxes: -€1,599
- Gross operating margin +€11,359
up €11,359 (+54.4%), from €20,873 to €32,232
- Taxes +€1,779
up €1,779 (+179.4%), from €991 to €2,770
- Financial charges -€1,762
down €1,762 (-80.0%), from €2,202 to €441
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 | €155,251 | €169,089 | +€13,837 | +8.9% |
| Fixed assets | 21/28 | €91,960 | €86,511 | -€5,449 | -5.9% |
| Tangible fixed assets | 22/27 | €91,760 | €86,311 | -€5,449 | -5.9% |
| Land and buildings | 22 | €91,303 | €85,942 | -€5,361 | -5.9% |
| Plant, machinery and equipment | 23 | €457 | €369 | -€88 | -19.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €63,291 | €82,577 | +€19,287 | +30.5% |
| Amounts receivable within one year | 40/41 | €44,924 | €57,458 | +€12,535 | +27.9% |
| Trade receivables | 40 | €40,982 | €51,073 | +€10,091 | +24.6% |
| Other amounts receivable | 41 | €3,942 | €6,385 | +€2,444 | +62.0% |
| Cash at bank and in hand | 54/58 | €17,503 | €25,119 | +€7,616 | +43.5% |
| Deferred charges and accrued income | 490/1 | €864 | - | -€864 | |
| Total equity and liabilities | 10/49 | €155,251 | €169,089 | +€13,837 | +8.9% |
| Equity | 10/15 | €72,559 | €93,911 | +€21,352 | +29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,260 | €34,360 | +€9,100 | +36.0% |
| 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 | €23,400 | €32,500 | +€9,100 | +38.9% |
| Profit (loss) carried forward | 14 | €41,099 | €53,351 | +€12,252 | +29.8% |
| Amounts payable | 17/49 | €82,693 | €75,178 | -€7,515 | -9.1% |
| Amounts payable after more than one year | 17 | €64,596 | €55,095 | -€9,501 | -14.7% |
| Financial debts | 170/4 | €64,596 | €55,095 | -€9,501 | -14.7% |
| Amounts payable within one year | 42/48 | €17,746 | €20,083 | +€2,337 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €9,256 | €7,659 | -€1,597 | -17.3% |
| Trade debts | 44 | - | €4,293 | +€4,293 | |
| Suppliers | 440/4 | - | €4,293 | +€4,293 | |
| Taxes, remuneration and social security | 45 | €7,907 | €4,908 | -€2,999 | -37.9% |
| Taxes | 450/3 | €6,507 | €4,908 | -€1,599 | -24.6% |
| Remuneration and social security | 454/9 | €1,400 | - | -€1,400 | |
| Other amounts payable | 47/48 | €583 | €3,223 | +€2,640 | +452.6% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,449 | €5,449 | = | 0.0% |
| Other operating charges | 640/8 | €1,377 | €1,421 | +€43 | +3.1% |
| Gross operating margin | 9900 | €20,873 | €32,232 | +€11,359 | +54.4% |
| Operating profit (loss) | 9901 | €14,046 | €25,362 | +€11,316 | +80.6% |
| Financial income | 75/76B | €9 | €34 | +€24 | +266.6% |
| Recurring financial income | 75 | €9 | €34 | +€24 | +266.6% |
| Financial charges | 65/66B | €2,202 | €441 | -€1,762 | -80.0% |
| Recurring financial charges | 65 | €2,202 | €441 | -€1,762 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €11,853 | €24,955 | +€13,102 | +110.5% |
| Income taxes | 67/77 | €991 | €2,770 | +€1,779 | +179.4% |
| Profit (loss) for the period | 9904 | €10,862 | €22,185 | +€11,323 | +104.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,862 | €22,185 | +€11,323 | +104.2% |
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 11 October 2026 via checked.be.