EQUO Projects: 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.
EQUO Projects
Largest movements
- Tangible fixed assets +€23,646
up €23,646 (+729%), from €3,242 to €26,888
- Cash -€18,077
down €18,077 (-16.4%), from €110,381 to €92,305
mainly Contributions, distributions and other (-€135,000) and Investment in fixed assets (net) (-€32,301)
- Receivables after one year +€14,000
new in 2025: €14,000
- Receivables within one year +€10,481
up €10,481 (+14.4%), from €72,586 to €83,067
- Current investments -€3,922
down €3,922 (-14.5%), from €27,000 to €23,078
- Reserves -€68,463
down €68,463 (-97.6%), from €70,127 to €1,664
- Other debts +€50,741
up €50,741 (+78.1%), from €64,998 to €115,739
- Trade debts +€16,503
up €16,503 (+53.2%), from €30,993 to €47,496
- Debts after one year +€14,384
new in 2025: €14,384
- Current portion of long-term debt +€8,624
new in 2025: €8,624
- Gross operating margin +€29,304
up €29,304 (+26.1%), from €112,251 to €141,555
- Taxes +€4,793
up €4,793 (+34.9%), from €13,753 to €18,546
- Depreciation +€3,959
up €3,959 (+84.3%), from €4,696 to €8,655
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.
Derived cash bridge
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 | €215,174 | €242,735 | +€27,561 | +12.8% |
| Fixed assets | 21/28 | €3,242 | €26,888 | +€23,646 | +729% |
| Tangible fixed assets | 22/27 | €3,242 | €26,888 | +€23,646 | +729% |
| Furniture and vehicles | 24 | €3,242 | €26,888 | +€23,646 | +729% |
| Current assets | 29/58 | €211,932 | €215,848 | +€3,915 | +1.8% |
| Amounts receivable after more than one year | 29 | - | €14,000 | +€14,000 | |
| Other amounts receivable | 291 | - | €14,000 | +€14,000 | |
| Amounts receivable within one year | 40/41 | €72,586 | €83,067 | +€10,481 | +14.4% |
| Trade receivables | 40 | €72,586 | €83,067 | +€10,481 | +14.4% |
| Current investments | 50/53 | €27,000 | €23,078 | -€3,922 | -14.5% |
| Cash at bank and in hand | 54/58 | €110,381 | €92,305 | -€18,077 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,965 | €3,398 | +€1,433 | +72.9% |
| Total equity and liabilities | 10/49 | €215,174 | €242,735 | +€27,561 | +12.8% |
| Equity | 10/15 | €88,727 | €20,264 | -€68,463 | -77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,127 | €1,664 | -€68,463 | -97.6% |
| Distributable reserves | 133 | €70,127 | €1,664 | -€68,463 | -97.6% |
| Amounts payable | 17/49 | €126,447 | €222,471 | +€96,024 | +75.9% |
| Amounts payable after more than one year | 17 | - | €14,384 | +€14,384 | |
| Financial debts | 170/4 | - | €14,384 | +€14,384 | |
| Amounts payable within one year | 42/48 | €126,447 | €208,088 | +€81,641 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,624 | +€8,624 | |
| Trade debts | 44 | €30,993 | €47,496 | +€16,503 | +53.2% |
| Suppliers | 440/4 | €30,993 | €47,496 | +€16,503 | +53.2% |
| Taxes, remuneration and social security | 45 | €30,456 | €36,229 | +€5,772 | +19.0% |
| Taxes | 450/3 | €27,341 | €36,229 | +€8,888 | +32.5% |
| Remuneration and social security | 454/9 | €3,115 | - | -€3,115 | |
| Other amounts payable | 47/48 | €64,998 | €115,739 | +€50,741 | +78.1% |
| Remuneration, social security and pensions | 62 | €45,103 | €45,857 | +€755 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,696 | €8,655 | +€3,959 | +84.3% |
| Other operating charges | 640/8 | €796 | €1,225 | +€429 | +53.9% |
| Gross operating margin | 9900 | €112,251 | €141,555 | +€29,304 | +26.1% |
| Operating profit (loss) | 9901 | €61,656 | €85,818 | +€24,162 | +39.2% |
| Financial income | 75/76B | - | €702 | +€702 | |
| Recurring financial income | 75 | - | €702 | +€702 | |
| Financial charges | 65/66B | €748 | €1,437 | +€689 | +92.1% |
| Recurring financial charges | 65 | €748 | €1,437 | +€689 | +92.1% |
| Profit (loss) for the period before taxes | 9903 | €60,908 | €85,083 | +€24,175 | +39.7% |
| Income taxes | 67/77 | €13,753 | €18,546 | +€4,793 | +34.9% |
| Profit (loss) for the period | 9904 | €47,155 | €66,537 | +€19,382 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,155 | €66,537 | +€19,382 | +41.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.