EQUUS Advisory Services: 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.
EQUUS Advisory Services
Largest movements
- Current investments +€535,744
up €535,744 (+129.7%), from €413,111 to €948,856
- Cash +€430,760
up €430,760 (+594.4%), from €72,468 to €503,228
mainly Net result for the year (+€615,117) and Receivables within one year (+€322,110)
- Receivables within one year -€322,110
down €322,110 (-36.2%), from €889,362 to €567,252
of which Other amounts receivable: -€343,365
- Reserves +€499,848
up €499,848 (+40.5%), from €1.2m to €1.7m
of which Distributable reserves: +€499,848
- Current portion of long-term debt +€95,759
up €95,759 (+115.4%), from €82,964 to €178,722
- Tax, wage and social debts +€26,833
up €26,833 (+41.8%), from €64,175 to €91,009
- Gross operating margin +€558,665
up €558,665 (+165.9%), from €336,659 to €895,325
- Taxes +€183,657
up €183,657 (+172.3%), from €106,585 to €290,241
- Depreciation +€13,056
up €13,056 (+231.0%), from €5,651 to €18,707
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,448,233 | €2,079,084 | +€630,850 | +43.6% |
| Fixed assets | 21/28 | €72,871 | €58,267 | -€14,603 | -20.0% |
| Tangible fixed assets | 22/27 | €70,392 | €58,267 | -€12,124 | -17.2% |
| Furniture and vehicles | 24 | €70,392 | €58,267 | -€12,124 | -17.2% |
| Financial fixed assets | 28 | €2,479 | - | -€2,479 | |
| Current assets | 29/58 | €1,375,363 | €2,020,817 | +€645,454 | +46.9% |
| Amounts receivable within one year | 40/41 | €889,362 | €567,252 | -€322,110 | -36.2% |
| Trade receivables | 40 | - | €21,255 | +€21,255 | |
| Other amounts receivable | 41 | €889,362 | €545,997 | -€343,365 | -38.6% |
| Current investments | 50/53 | €413,111 | €948,856 | +€535,744 | +129.7% |
| Cash at bank and in hand | 54/58 | €72,468 | €503,228 | +€430,760 | +594.4% |
| Deferred charges and accrued income | 490/1 | €422 | €1,481 | +€1,059 | +251.0% |
| Total equity and liabilities | 10/49 | €1,448,233 | €2,079,084 | +€630,850 | +43.6% |
| Equity | 10/15 | €1,246,262 | €1,746,110 | +€499,848 | +40.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,233,862 | €1,733,710 | +€499,848 | +40.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,267 | €5,267 | = | 0.0% |
| Distributable reserves | 133 | €1,226,735 | €1,726,583 | +€499,848 | +40.7% |
| Amounts payable | 17/49 | €201,971 | €332,974 | +€131,003 | +64.9% |
| Amounts payable after more than one year | 17 | €47,446 | €35,892 | -€11,554 | -24.4% |
| Financial debts | 170/4 | €47,446 | €35,892 | -€11,554 | -24.4% |
| Amounts payable within one year | 42/48 | €154,525 | €297,082 | +€142,557 | +92.3% |
| Current portion of amounts payable after more than one year | 42 | €82,964 | €178,722 | +€95,759 | +115.4% |
| Trade debts | 44 | €7,386 | €27,351 | +€19,965 | +270.3% |
| Suppliers | 440/4 | €7,386 | €27,351 | +€19,965 | +270.3% |
| Taxes, remuneration and social security | 45 | €64,175 | €91,009 | +€26,833 | +41.8% |
| Taxes | 450/3 | €64,175 | €91,009 | +€26,833 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,651 | €18,707 | +€13,056 | +231.0% |
| Other operating charges | 640/8 | €1,603 | €1,818 | +€215 | +13.4% |
| Gross operating margin | 9900 | €336,659 | €895,325 | +€558,665 | +165.9% |
| Operating profit (loss) | 9901 | €329,405 | €874,799 | +€545,394 | +165.6% |
| Financial income | 75/76B | €31,133 | €37,074 | +€5,941 | +19.1% |
| Recurring financial income | 75 | €31,133 | €36,639 | +€5,506 | +17.7% |
| Non-recurring financial income | 76B | - | €435 | +€435 | |
| Financial charges | 65/66B | €12,927 | €6,515 | -€6,412 | -49.6% |
| Recurring financial charges | 65 | €10,423 | €6,515 | -€3,909 | -37.5% |
| Non-recurring financial charges | 66B | €2,503 | - | -€2,503 | |
| Profit (loss) for the period before taxes | 9903 | €347,612 | €905,359 | +€557,747 | +160.5% |
| Income taxes | 67/77 | €106,585 | €290,241 | +€183,657 | +172.3% |
| Profit (loss) for the period | 9904 | €241,027 | €615,117 | +€374,090 | +155.2% |
| Profit (loss) for the period to be appropriated | 9905 | €241,027 | €615,117 | +€374,090 | +155.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.