Eqwal Enghien: what changed
What changed
Eqwal Enghien
NACE 32.500, Manufacture of medical and dental instruments and supplies
filed annual accounts (NBB)
Net result for the year
€273,064
2024 · €156,747+€116,317
Equity
€1.2m
2024 · €887,551+€273,064
Cash
€309,530
2024 · €159,558+€149,972
Balance sheet total
€1.4m
2024 · €1.2m+€201,015
Largest movements
Assets
- Cash +€149,972
up €149,972 (+94.0%), from €159,558 to €309,530
mainly Net result for the year (+€273,064) and Depreciation (+€33,624)
- Receivables within one year +€94,145
up €94,145 (+20.5%), from €460,275 to €554,420
of which Other amounts receivable: +€53,305
- Tangible fixed assets -€33,624
down €33,624 (-11.8%), from €283,807 to €250,183
of which Land and buildings: -€30,032
Equity and liabilities
- Reserves +€273,064
up €273,064 (+31.1%), from €879,239 to €1.2m
of which Distributable reserves: +€273,064
- Trade debts -€39,196
down €39,196 (-19.9%), from €196,677 to €157,481
- Tax, wage and social debts -€22,929
down €22,929 (-21.5%), from €106,836 to €83,907
of which Taxes: -€27,132
Income statement
- Staff costs -€57,620
down €57,620 (-14.5%), from €396,648 to €339,028
- Gross operating margin +€46,328
up €46,328 (+6.6%), from €701,127 to €747,455
- Taxes +€29,772
up €29,772 (+43.0%), from €69,256 to €99,028
- Other operating charges -€19,004
down €19,004 (-62.3%), from €30,524 to €11,520
- Provisions -€8,457
down €8,457, from €4,229 to -€4,229
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€156,747
Gross operating margin
+€46,328
Staff costs
+€57,620
Depreciation
+€6,323
Provisions
+€8,457
Other operating charges
+€19,004
Financial income
+€1,168
Financial charges
+€7,190
Taxes
-€29,772
Result 2025
€273,064
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€155,778
Investment
-€110
Financing
-€5,696
Cash 2024
€159,558
From operations (derived)
+€155,778
Net result for the year
+€273,064
Depreciation
+€33,624
Stocks and contracts
+€8,589
Receivables within one year
-€94,145
Deferred charges and accrued income
+€999
Provisions
-€4,229
Trade debts
-€39,196
Tax, wage and social debts
-€22,929
Investment (derived)
-€110
Current investments
-€110
Financing
-€5,696
Debts after one year
-€3,839
Current portion of long-term debt
-€1,857
Cash 2025
€309,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,204,828 | €1,405,843 | +€201,015 | +16.7% |
| Fixed assets | 21/28 | €283,807 | €250,183 | -€33,624 | -11.8% |
| Tangible fixed assets | 22/27 | €283,807 | €250,183 | -€33,624 | -11.8% |
| Land and buildings | 22 | €278,298 | €248,266 | -€30,032 | -10.8% |
| Plant, machinery and equipment | 23 | €1,820 | €80 | -€1,739 | -95.6% |
| Furniture and vehicles | 24 | €3,689 | €1,837 | -€1,853 | -50.2% |
| Current assets | 29/58 | €921,021 | €1,155,660 | +€234,639 | +25.5% |
| Stocks and contracts in progress | 3 | €268,054 | €259,465 | -€8,589 | -3.2% |
| Stocks | 30/36 | €268,054 | €259,465 | -€8,589 | -3.2% |
| Amounts receivable within one year | 40/41 | €460,275 | €554,420 | +€94,145 | +20.5% |
| Trade receivables | 40 | €196,581 | €237,421 | +€40,841 | +20.8% |
| Other amounts receivable | 41 | €263,695 | €316,999 | +€53,305 | +20.2% |
| Current investments | 50/53 | €31,638 | €31,748 | +€110 | +0.3% |
| Cash at bank and in hand | 54/58 | €159,558 | €309,530 | +€149,972 | +94.0% |
| Deferred charges and accrued income | 490/1 | €1,496 | €497 | -€999 | -66.8% |
| Total equity and liabilities | 10/49 | €1,204,828 | €1,405,843 | +€201,015 | +16.7% |
| Equity | 10/15 | €887,551 | €1,160,616 | +€273,064 | +30.8% |
| Contributions | 10/11 | €8,312 | €8,312 | = | 0.0% |
| Reserves | 13 | €879,239 | €1,152,303 | +€273,064 | +31.1% |
| Non-distributable reserves | 130/1 | €1,371 | €1,371 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,371 | €1,371 | = | 0.0% |
| Distributable reserves | 133 | €877,868 | €1,150,933 | +€273,064 | +31.1% |
| Provisions and deferred taxes | 16 | €4,229 | - | -€4,229 | |
| Provisions for liabilities and charges | 160/5 | €4,229 | - | -€4,229 | |
| Environmental obligations | 163 | €4,229 | - | -€4,229 | |
| Amounts payable | 17/49 | €313,048 | €245,228 | -€67,821 | -21.7% |
| Amounts payable after more than one year | 17 | €3,839 | - | -€3,839 | |
| Financial debts | 170/4 | €3,839 | - | -€3,839 | |
| Amounts payable within one year | 42/48 | €309,209 | €245,228 | -€63,982 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €5,696 | €3,839 | -€1,857 | -32.6% |
| Trade debts | 44 | €196,677 | €157,481 | -€39,196 | -19.9% |
| Suppliers | 440/4 | €196,677 | €157,481 | -€39,196 | -19.9% |
| Taxes, remuneration and social security | 45 | €106,836 | €83,907 | -€22,929 | -21.5% |
| Taxes | 450/3 | €69,340 | €42,208 | -€27,132 | -39.1% |
| Remuneration and social security | 454/9 | €37,496 | €41,699 | +€4,203 | +11.2% |
| Remuneration, social security and pensions | 62 | €396,648 | €339,028 | -€57,620 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,947 | €33,624 | -€6,323 | -15.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,229 | -€4,229 | -€8,457 | |
| Other operating charges | 640/8 | €30,524 | €11,520 | -€19,004 | -62.3% |
| Gross operating margin | 9900 | €701,127 | €747,455 | +€46,328 | +6.6% |
| Operating profit (loss) | 9901 | €229,780 | €367,511 | +€137,731 | +59.9% |
| Financial income | 75/76B | €6,573 | €7,741 | +€1,168 | +17.8% |
| Recurring financial income | 75 | €6,573 | €7,741 | +€1,168 | +17.8% |
| Financial charges | 65/66B | €10,350 | €3,159 | -€7,190 | -69.5% |
| Recurring financial charges | 65 | €10,350 | €3,159 | -€7,190 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €226,003 | €372,093 | +€146,089 | +64.6% |
| Income taxes | 67/77 | €69,256 | €99,028 | +€29,772 | +43.0% |
| Profit (loss) for the period | 9904 | €156,747 | €273,064 | +€116,317 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €156,747 | €273,064 | +€116,317 | +74.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.