EQUUS 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.
What changed
EQUUS SERVICES
NACE 73.200, Market research and public opinion polling
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,557
2024 · €71,793-€53,236
Equity
€861,388
2024 · €842,831+€18,557
Cash
€12,850
2024 · €28,605-€15,755
Balance sheet total
€1.6m
2024 · €1.7m-€60,508
Largest movements
Assets
- Tangible fixed assets -€45,020
down €45,020 (-2.7%), from €1.7m to €1.6m
of which Land and buildings: -€34,050
Equity and liabilities
- Debts after one year -€108,260
down €108,260 (-15.5%), from €698,188 to €589,928
of which Other amounts payable: -€106,291
- Other debts +€53,914
up €53,914 (+96.7%), from €55,766 to €109,680
- Reserves +€18,557
up €18,557 (+2.9%), from €641,542 to €660,099
of which Distributable reserves: +€22,011
Income statement
- Gross operating margin -€50,939
down €50,939 (-26.2%), from €194,087 to €143,148
- Financial charges +€22,286
up €22,286 (+104.0%), from €21,439 to €43,725
- Depreciation -€7,288
down €7,288 (-11.5%), from €63,612 to €56,325
- Financial income -€4,159
down €4,159 (-100.0%), from €4,159 to €0
- Taxes +€3,847
up €3,847 (+48.5%), from €7,937 to €11,783
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.
Result 2024
€71,793
Gross operating margin
-€50,939
Depreciation
+€7,288
Other operating charges
-€716
Other operating items
+€13,977
Financial income
-€4,159
Financial charges
-€22,286
Taxes
-€3,847
Deferred taxes and other
+€7,446
Result 2025
€18,557
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.
From operations
+€115,145
Investment
-€11,305
Financing
-€119,595
Cash 2024
€28,605
From operations (derived)
+€115,145
Net result for the year
+€18,557
Depreciation
+€56,325
Receivables within one year
-€350
Deferred charges and accrued income
+€83
Provisions
-€863
Trade debts
-€3,635
Tax, wage and social debts
-€8,001
Other debts
+€53,914
Accrued charges and deferred income
-€884
Investment (derived)
-€11,305
Investment in fixed assets (net)
-€11,305
Financing
-€119,595
Debts after one year
-€108,260
Current portion of long-term debt
-€3,335
Short-term financial debts
-€8,000
Cash 2025
€12,850
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,683,902 | €1,623,394 | -€60,508 | -3.6% |
| Fixed assets | 21/28 | €1,652,328 | €1,607,308 | -€45,020 | -2.7% |
| Tangible fixed assets | 22/27 | €1,652,153 | €1,607,133 | -€45,020 | -2.7% |
| Land and buildings | 22 | €1,604,903 | €1,570,853 | -€34,050 | -2.1% |
| Plant, machinery and equipment | 23 | €15,965 | €8,462 | -€7,503 | -47.0% |
| Furniture and vehicles | 24 | €7,258 | €5,720 | -€1,538 | -21.2% |
| Other tangible fixed assets | 26 | €24,027 | €22,098 | -€1,929 | -8.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €31,574 | €16,086 | -€15,488 | -49.1% |
| Amounts receivable within one year | 40/41 | €1,307 | €1,657 | +€350 | +26.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,307 | €1,657 | +€350 | +26.8% |
| Cash at bank and in hand | 54/58 | €28,605 | €12,850 | -€15,755 | -55.1% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,579 | -€83 | -5.0% |
| Total equity and liabilities | 10/49 | €1,683,902 | €1,623,394 | -€60,508 | -3.6% |
| Equity | 10/15 | €842,831 | €861,388 | +€18,557 | +2.2% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €641,542 | €660,099 | +€18,557 | +2.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €167,441 | €163,988 | -€3,453 | -2.1% |
| Distributable reserves | 133 | €474,101 | €496,111 | +€22,011 | +4.6% |
| Profit (loss) carried forward | 14 | €31,289 | €31,289 | = | 0.0% |
| Provisions and deferred taxes | 16 | €41,860 | €40,997 | -€863 | -2.1% |
| Deferred taxes | 168 | €41,860 | €40,997 | -€863 | -2.1% |
| Amounts payable | 17/49 | €799,211 | €721,010 | -€78,201 | -9.8% |
| Amounts payable after more than one year | 17 | €698,188 | €589,928 | -€108,260 | -15.5% |
| Financial debts | 170/4 | €1,969 | €0 | -€1,969 | -100.0% |
| Other amounts payable | 178/9 | €696,219 | €589,928 | -€106,291 | -15.3% |
| Amounts payable within one year | 42/48 | €86,017 | €116,960 | +€30,943 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €5,304 | €1,969 | -€3,335 | -62.9% |
| Financial debts | 43 | €8,000 | €0 | -€8,000 | -100.0% |
| Credit institutions | 430/8 | €8,000 | €0 | -€8,000 | -100.0% |
| Trade debts | 44 | €8,946 | €5,310 | -€3,635 | -40.6% |
| Suppliers | 440/4 | €8,946 | €5,310 | -€3,635 | -40.6% |
| Taxes, remuneration and social security | 45 | €8,001 | €0 | -€8,001 | -100.0% |
| Taxes | 450/3 | €8,001 | €0 | -€8,001 | -100.0% |
| Other amounts payable | 47/48 | €55,766 | €109,680 | +€53,914 | +96.7% |
| Accrued charges and deferred income | 492/3 | €15,006 | €14,122 | -€884 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,612 | €56,325 | -€7,288 | -11.5% |
| Other operating charges | 640/8 | €12,906 | €13,621 | +€716 | +5.5% |
| Non-recurring operating charges | 66A | €13,977 | €0 | -€13,977 | -100.0% |
| Gross operating margin | 9900 | €194,087 | €143,148 | -€50,939 | -26.2% |
| Operating profit (loss) | 9901 | €103,592 | €73,202 | -€30,390 | -29.3% |
| Financial income | 75/76B | €4,159 | €0 | -€4,159 | -100.0% |
| Recurring financial income | 75 | €4,159 | €0 | -€4,159 | -100.0% |
| Financial charges | 65/66B | €21,439 | €43,725 | +€22,286 | +104.0% |
| Recurring financial charges | 65 | €21,439 | €43,725 | +€22,286 | +104.0% |
| Profit (loss) for the period before taxes | 9903 | €86,313 | €29,477 | -€56,835 | -65.8% |
| Transfer from deferred taxes | 780 | €6,540 | €863 | -€5,677 | -86.8% |
| Transfer to deferred taxes | 680 | €13,123 | €0 | -€13,123 | -100.0% |
| Income taxes | 67/77 | €7,937 | €11,783 | +€3,847 | +48.5% |
| Profit (loss) for the period | 9904 | €71,793 | €18,557 | -€53,236 | -74.2% |
| Transfer from tax-exempt reserves | 789 | - | €3,453 | +€3,453 | |
| Transfer to tax-exempt reserves | 689 | €52,491 | €0 | -€52,491 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,303 | €22,011 | +€2,708 | +14.0% |
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 12 October 2026 via checked.be.