Eqwal DMS: what changed
Two fiscal 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 DMS
Largest movements
- Tangible fixed assets -€16,998
down €16,998 (-19.9%), from €85,209 to €68,212
of which Furniture and vehicles: -€10,526
- Profit (loss) carried forward +€87,669
up €87,669 (+16.5%), from €532,165 to €619,834
- Tax, wage and social debts -€77,639
down €77,639 (-33.7%), from €230,534 to €152,895
of which Taxes: -€105,199
- Trade debts -€22,670
down €22,670 (-7.1%), from €317,612 to €294,942
- Staff costs +€67,232
up €67,232 (+16.0%), from €419,289 to €486,522
- Gross operating margin +€64,810
up €64,810 (+11.3%), from €573,232 to €638,042
- Taxes +€7,666
up €7,666 (+19.1%), from €40,084 to €47,750
- Other operating charges +€7,128
up €7,128 (+837.9%), from €851 to €7,979
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,228,911 | €1,216,271 | -€12,640 | -1.0% |
| Fixed assets | 21/28 | €85,209 | €68,212 | -€16,998 | -19.9% |
| Tangible fixed assets | 22/27 | €85,209 | €68,212 | -€16,998 | -19.9% |
| Plant, machinery and equipment | 23 | €6,958 | €4,091 | -€2,867 | -41.2% |
| Furniture and vehicles | 24 | €31,807 | €21,282 | -€10,526 | -33.1% |
| Other tangible fixed assets | 26 | €46,444 | €42,839 | -€3,605 | -7.8% |
| Current assets | 29/58 | €1,143,701 | €1,148,059 | +€4,358 | +0.4% |
| Stocks and contracts in progress | 3 | €102,905 | €98,324 | -€4,581 | -4.5% |
| Stocks | 30/36 | €102,905 | €98,324 | -€4,581 | -4.5% |
| Amounts receivable within one year | 40/41 | €888,514 | €897,135 | +€8,621 | +1.0% |
| Trade receivables | 40 | €401,384 | €411,644 | +€10,260 | +2.6% |
| Other amounts receivable | 41 | €487,130 | €485,491 | -€1,640 | -0.3% |
| Cash at bank and in hand | 54/58 | €152,282 | €151,038 | -€1,244 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1 | €1,562 | +€1,561 | +143242.2% |
| Total equity and liabilities | 10/49 | €1,228,911 | €1,216,271 | -€12,640 | -1.0% |
| Equity | 10/15 | €680,765 | €768,434 | +€87,669 | +12.9% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €82,600 | €82,600 | = | 0.0% |
| Distributable reserves | 133 | €82,600 | €82,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,165 | €619,834 | +€87,669 | +16.5% |
| Amounts payable | 17/49 | €548,146 | €447,837 | -€100,309 | -18.3% |
| Amounts payable within one year | 42/48 | €548,146 | €447,837 | -€100,309 | -18.3% |
| Trade debts | 44 | €317,612 | €294,942 | -€22,670 | -7.1% |
| Suppliers | 440/4 | €317,612 | €294,942 | -€22,670 | -7.1% |
| Taxes, remuneration and social security | 45 | €230,534 | €152,895 | -€77,639 | -33.7% |
| Taxes | 450/3 | €135,857 | €30,658 | -€105,199 | -77.4% |
| Remuneration and social security | 454/9 | €94,677 | €122,237 | +€27,560 | +29.1% |
| Remuneration, social security and pensions | 62 | €419,289 | €486,522 | +€67,232 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,300 | €23,768 | -€532 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,911 | - | +€1,911 | |
| Other operating charges | 640/8 | €851 | €7,979 | +€7,128 | +837.9% |
| Gross operating margin | 9900 | €573,232 | €638,042 | +€64,810 | +11.3% |
| Operating profit (loss) | 9901 | €130,703 | €119,773 | -€10,930 | -8.4% |
| Financial income | 75/76B | €11,242 | €16,512 | +€5,270 | +46.9% |
| Recurring financial income | 75 | €11,242 | €16,512 | +€5,270 | +46.9% |
| Financial charges | 65/66B | €1,232 | €867 | -€365 | -29.6% |
| Recurring financial charges | 65 | €1,232 | €867 | -€365 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €140,713 | €135,418 | -€5,295 | -3.8% |
| Income taxes | 67/77 | €40,084 | €47,750 | +€7,666 | +19.1% |
| Profit (loss) for the period | 9904 | €100,630 | €87,669 | -€12,961 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,630 | €87,669 | -€12,961 | -12.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.