Eqwal Charleroi: 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.
Eqwal Charleroi
Largest movements
- Receivables within one year -€431,652
down €431,652 (-49.5%), from €872,180 to €440,528
of which Trade receivables: -€228,416
- Stocks and contracts -€177,092
down €177,092 (-29.5%), from €599,810 to €422,717
- Cash -€108,980
down €108,980 (-44.8%), from €243,453 to €134,473
mainly Other debts (-€237,471) and Net result for the year (-€234,946)
- Tangible fixed assets -€26,855
down €26,855 (-8.1%), from €330,500 to €303,645
of which Furniture and vehicles: -€54,287
- Other debts -€237,471
down €237,471 (-56.5%), from €420,090 to €182,619
- Reserves -€234,946
down €234,946 (-36.1%), from €651,588 to €416,641
of which Distributable reserves: -€234,946
- Tax, wage and social debts -€158,424
down €158,424 (-37.0%), from €428,206 to €269,782
of which Taxes: -€136,434
- Trade debts -€59,908
down €59,908 (-18.7%), from €320,010 to €260,102
- Debts after one year -€47,787
down €47,787 (-37.2%), from €128,309 to €80,522
- Gross operating margin -€278,671
down €278,671 (-18.9%), from €1.5m to €1.2m
- Staff costs +€240,146
up €240,146 (+22.7%), from €1.1m to €1.3m
- Taxes -€113,894
down €113,894, from €113,149 to -€745
- Financial income -€64,662
down €64,662 (-89.5%), from €72,273 to €7,612
of which Non-recurring financial income: -€71,402
- Write-downs +€30,512
up €30,512, from -€2,079 to €28,433
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 | €2,079,877 | €1,326,128 | -€753,749 | -36.2% |
| Fixed assets | 21/28 | €349,370 | €314,158 | -€35,212 | -10.1% |
| Intangible fixed assets | 21 | €9,204 | €770 | -€8,434 | -91.6% |
| Tangible fixed assets | 22/27 | €330,500 | €303,645 | -€26,855 | -8.1% |
| Land and buildings | 22 | €169,962 | €161,345 | -€8,617 | -5.1% |
| Plant, machinery and equipment | 23 | €25,821 | €68,888 | +€43,067 | +167% |
| Furniture and vehicles | 24 | €126,858 | €72,571 | -€54,287 | -42.8% |
| Other tangible fixed assets | 26 | €1,001 | €556 | -€445 | -44.4% |
| Assets under construction and advance payments | 27 | €6,858 | €285 | -€6,573 | -95.8% |
| Financial fixed assets | 28 | €9,665 | €9,743 | +€77 | +0.8% |
| Current assets | 29/58 | €1,730,507 | €1,011,970 | -€718,538 | -41.5% |
| Stocks and contracts in progress | 3 | €599,810 | €422,717 | -€177,092 | -29.5% |
| Stocks | 30/36 | €599,810 | €422,717 | -€177,092 | -29.5% |
| Amounts receivable within one year | 40/41 | €872,180 | €440,528 | -€431,652 | -49.5% |
| Trade receivables | 40 | €661,337 | €432,922 | -€228,416 | -34.5% |
| Other amounts receivable | 41 | €210,843 | €7,607 | -€203,236 | -96.4% |
| Cash at bank and in hand | 54/58 | €243,453 | €134,473 | -€108,980 | -44.8% |
| Deferred charges and accrued income | 490/1 | €15,065 | €14,251 | -€814 | -5.4% |
| Total equity and liabilities | 10/49 | €2,079,877 | €1,326,128 | -€753,749 | -36.2% |
| Equity | 10/15 | €713,588 | €478,641 | -€234,946 | -32.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €651,588 | €416,641 | -€234,946 | -36.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,586 | €13,586 | = | 0.0% |
| Distributable reserves | 133 | €631,802 | €396,856 | -€234,946 | -37.2% |
| Amounts payable | 17/49 | €1,366,289 | €847,486 | -€518,803 | -38.0% |
| Amounts payable after more than one year | 17 | €128,309 | €80,522 | -€47,787 | -37.2% |
| Financial debts | 170/4 | €128,309 | €80,522 | -€47,787 | -37.2% |
| Amounts payable within one year | 42/48 | €1,226,289 | €760,290 | -€465,999 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €57,983 | €47,787 | -€10,196 | -17.6% |
| Trade debts | 44 | €320,010 | €260,102 | -€59,908 | -18.7% |
| Suppliers | 440/4 | €320,010 | €260,102 | -€59,908 | -18.7% |
| Taxes, remuneration and social security | 45 | €428,206 | €269,782 | -€158,424 | -37.0% |
| Taxes | 450/3 | €150,313 | €13,879 | -€136,434 | -90.8% |
| Remuneration and social security | 454/9 | €277,893 | €255,903 | -€21,990 | -7.9% |
| Other amounts payable | 47/48 | €420,090 | €182,619 | -€237,471 | -56.5% |
| Accrued charges and deferred income | 492/3 | €11,692 | €6,674 | -€5,018 | -42.9% |
| Remuneration, social security and pensions | 62 | €1,059,099 | €1,299,245 | +€240,146 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,108 | €77,040 | +€4,932 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,079 | €28,433 | +€30,512 | |
| Other operating charges | 640/8 | €17,378 | €26,351 | +€8,973 | +51.6% |
| Gross operating margin | 9900 | €1,476,571 | €1,197,900 | -€278,671 | -18.9% |
| Operating profit (loss) | 9901 | €330,064 | -€233,169 | -€563,234 | |
| Financial income | 75/76B | €72,273 | €7,612 | -€64,662 | -89.5% |
| Recurring financial income | 75 | €872 | €7,612 | +€6,740 | +773% |
| Non-recurring financial income | 76B | €71,402 | - | -€71,402 | |
| Financial charges | 65/66B | €13,692 | €10,134 | -€3,558 | -26.0% |
| Recurring financial charges | 65 | €13,692 | €10,134 | -€3,558 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €388,646 | -€235,691 | -€624,337 | |
| Income taxes | 67/77 | €113,149 | -€745 | -€113,894 | |
| Profit (loss) for the period | 9904 | €275,497 | -€234,946 | -€510,443 | |
| Profit (loss) for the period to be appropriated | 9905 | €275,497 | -€234,946 | -€510,443 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.