EQUSA: 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.
EQUSA
Largest movements
- Cash -€14,003
down €14,003 (-48.0%), from €29,182 to €15,178
mainly Contributions, distributions and other (-€46,720) and Receivables within one year (-€13,392)
- Receivables within one year +€13,392
up €13,392 (+99.6%), from €13,443 to €26,835
of which Trade receivables: +€13,525
- Tangible fixed assets +€1,615
up €1,615 (+92.5%), from €1,747 to €3,362
- Intangible fixed assets -€1,600
down €1,600 (-44.5%), from €3,595 to €1,995
- Deferred charges and accrued income +€689
up €689 (+26.4%), from €2,604 to €3,292
- Reserves -€27,948
down €27,948 (-71.7%), from €38,973 to €11,025
- Other debts +€20,489
up €20,489 (+36,924%), from €55 to €20,545
- Tax, wage and social debts +€4,844
up €4,844 (+91.2%), from €5,314 to €10,158
of which Taxes: +€4,844
- Trade debts +€2,707
up €2,707 (+99.3%), from €2,727 to €5,434
- Gross operating margin -€11,629
down €11,629 (-28.9%), from €40,267 to €28,638
- Taxes -€1,827
down €1,827 (-23.3%), from €7,855 to €6,029
- Financial charges -€1,226
down €1,226 (-78.0%), from €1,572 to €346
- Depreciation +€600
up €600 (+28.0%), from €2,142 to €2,742
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,570 | €50,662 | +€92 | +0.2% |
| Fixed assets | 21/28 | €5,342 | €5,357 | +€15 | +0.3% |
| Intangible fixed assets | 21 | €3,595 | €1,995 | -€1,600 | -44.5% |
| Tangible fixed assets | 22/27 | €1,747 | €3,362 | +€1,615 | +92.5% |
| Furniture and vehicles | 24 | €1,747 | €3,362 | +€1,615 | +92.5% |
| Current assets | 29/58 | €45,228 | €45,305 | +€77 | +0.2% |
| Amounts receivable within one year | 40/41 | €13,443 | €26,835 | +€13,392 | +99.6% |
| Trade receivables | 40 | €13,289 | €26,813 | +€13,525 | +102% |
| Other amounts receivable | 41 | €154 | €21 | -€133 | -86.1% |
| Cash at bank and in hand | 54/58 | €29,182 | €15,178 | -€14,003 | -48.0% |
| Deferred charges and accrued income | 490/1 | €2,604 | €3,292 | +€689 | +26.4% |
| Total equity and liabilities | 10/49 | €50,570 | €50,662 | +€92 | +0.2% |
| Equity | 10/15 | €42,473 | €14,525 | -€27,948 | -65.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €38,973 | €11,025 | -€27,948 | -71.7% |
| Distributable reserves | 133 | €38,973 | €11,025 | -€27,948 | -71.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,096 | €36,137 | +€28,041 | +346% |
| Amounts payable within one year | 42/48 | €8,096 | €36,137 | +€28,041 | +346% |
| Trade debts | 44 | €2,727 | €5,434 | +€2,707 | +99.3% |
| Suppliers | 440/4 | €2,727 | €5,434 | +€2,707 | +99.3% |
| Taxes, remuneration and social security | 45 | €5,314 | €10,158 | +€4,844 | +91.2% |
| Taxes | 450/3 | €5,314 | €10,158 | +€4,844 | +91.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55 | €20,545 | +€20,489 | +36,924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,142 | €2,742 | +€600 | +28.0% |
| Other operating charges | 640/8 | €749 | €767 | +€18 | +2.4% |
| Gross operating margin | 9900 | €40,267 | €28,638 | -€11,629 | -28.9% |
| Operating profit (loss) | 9901 | €37,376 | €25,129 | -€12,247 | -32.8% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €1,572 | €346 | -€1,226 | -78.0% |
| Recurring financial charges | 65 | €1,572 | €346 | -€1,226 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €35,804 | €24,800 | -€11,004 | -30.7% |
| Income taxes | 67/77 | €7,855 | €6,029 | -€1,827 | -23.3% |
| Profit (loss) for the period | 9904 | €27,948 | €18,771 | -€9,177 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,948 | €18,771 | -€9,177 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.