EQUIVETO: 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.
EQUIVETO
Largest movements
- Tangible fixed assets +€30,819
up €30,819 (+380.3%), from €8,103 to €38,922
of which Furniture and vehicles: +€35,768
- Cash -€17,481
down €17,481 (-27.2%), from €64,239 to €46,758
mainly Contributions, distributions and other (-€59,500) and Investment in fixed assets (net) (-€38,095)
- Stocks and contracts -€3,146
down €3,146 (-29.6%), from €10,627 to €7,481
- Deferred charges and accrued income -€1,426
down €1,426 (-47.4%), from €3,010 to €1,585
- Reserves -€36,500
down €36,500 (-46.6%), from €78,283 to €41,783
of which Distributable reserves: -€36,500
- Profit (loss) carried forward +€30,398
up €30,398, from -€9,666 to €20,732
- Other debts +€9,500
up €9,500 (+19.0%), from €50,000 to €59,500
- Trade debts +€5,607
up €5,607 (+4413.4%), from €127 to €5,734
- Taxes +€25,734
up €25,734, from -€156 to €25,578
- Gross operating margin +€25,480
up €25,480 (+39.7%), from €64,194 to €89,674
- Depreciation -€5,075
down €5,075 (-41.1%), from €12,352 to €7,276
- Write-downs -€1,156
down €1,156, from €899 to -€257
- Other operating charges +€1,143
up €1,143 (+114.4%), from €999 to €2,142
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 | €131,769 | €140,149 | +€8,380 | +6.4% |
| Fixed assets | 21/28 | €8,103 | €38,922 | +€30,819 | +380.3% |
| Tangible fixed assets | 22/27 | €8,103 | €38,922 | +€30,819 | +380.3% |
| Plant, machinery and equipment | 23 | €5,037 | €351 | -€4,686 | -93.0% |
| Furniture and vehicles | 24 | €2,712 | €38,480 | +€35,768 | +1318.9% |
| Other tangible fixed assets | 26 | €354 | €91 | -€263 | -74.3% |
| Current assets | 29/58 | €123,665 | €101,227 | -€22,438 | -18.1% |
| Stocks and contracts in progress | 3 | €10,627 | €7,481 | -€3,146 | -29.6% |
| Stocks | 30/36 | €10,627 | €7,481 | -€3,146 | -29.6% |
| Amounts receivable within one year | 40/41 | €36,313 | €36,083 | -€230 | -0.6% |
| Trade receivables | 40 | €14,794 | €6,610 | -€8,185 | -55.3% |
| Other amounts receivable | 41 | €21,519 | €29,473 | +€7,955 | +37.0% |
| Current investments | 50/53 | €9,476 | €9,321 | -€155 | -1.6% |
| Cash at bank and in hand | 54/58 | €64,239 | €46,758 | -€17,481 | -27.2% |
| Deferred charges and accrued income | 490/1 | €3,010 | €1,585 | -€1,426 | -47.4% |
| Total equity and liabilities | 10/49 | €131,769 | €140,149 | +€8,380 | +6.4% |
| Equity | 10/15 | €81,017 | €74,915 | -€6,102 | -7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,283 | €41,783 | -€36,500 | -46.6% |
| Non-distributable reserves | 130/1 | €7,383 | €7,383 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,383 | €7,383 | = | 0.0% |
| Distributable reserves | 133 | €70,900 | €34,400 | -€36,500 | -51.5% |
| Profit (loss) carried forward | 14 | -€9,666 | €20,732 | +€30,398 | |
| Amounts payable | 17/49 | €50,752 | €65,234 | +€14,483 | +28.5% |
| Amounts payable within one year | 42/48 | €50,752 | €65,234 | +€14,483 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €625 | €0 | -€625 | -100.0% |
| Trade debts | 44 | €127 | €5,734 | +€5,607 | +4413.4% |
| Suppliers | 440/4 | €127 | €5,734 | +€5,607 | +4413.4% |
| Other amounts payable | 47/48 | €50,000 | €59,500 | +€9,500 | +19.0% |
| Non-recurring operating income | 76A | - | €8,702 | +€8,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,352 | €7,276 | -€5,075 | -41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €899 | -€257 | -€1,156 | |
| Other operating charges | 640/8 | €999 | €2,142 | +€1,143 | +114.4% |
| Non-recurring operating charges | 66A | €969 | €1,850 | +€881 | +90.9% |
| Gross operating margin | 9900 | €64,194 | €89,674 | +€25,480 | +39.7% |
| Operating profit (loss) | 9901 | €48,975 | €78,662 | +€29,687 | +60.6% |
| Financial income | 75/76B | €1,712 | €644 | -€1,068 | -62.4% |
| Recurring financial income | 75 | €1,712 | €644 | -€1,068 | -62.4% |
| Financial charges | 65/66B | €316 | €330 | +€14 | +4.4% |
| Recurring financial charges | 65 | €316 | €330 | +€14 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €50,371 | €78,976 | +€28,605 | +56.8% |
| Income taxes | 67/77 | -€156 | €25,578 | +€25,734 | |
| Profit (loss) for the period | 9904 | €50,527 | €53,398 | +€2,871 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,527 | €53,398 | +€2,871 | +5.7% |
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 6 October 2026 via checked.be.