EQWITY: 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.
EQWITY
Largest movements
- Cash -€76,765
down €76,765 (-43.6%), from €176,171 to €99,406
mainly Other debts (-€55,000) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€21,512
up €21,512 (+9,164%), from €235 to €21,747
of which Other amounts receivable: +€19,569
- Other debts -€55,000
down €55,000 (-52.4%), from €105,000 to €50,000
- Tax, wage and social debts -€23,552
down €23,552 (-89.7%), from €26,252 to €2,700
- Trade debts +€16,519
up €16,519 (+177%), from €9,358 to €25,877
- Profit (loss) carried forward +€5,893
up €5,893 (+15.2%), from €38,679 to €44,573
- Gross operating margin -€91,086
down €91,086 (-58.9%), from €154,518 to €63,432
- Taxes -€10,379
down €10,379 (-79.4%), from €13,080 to €2,700
- Other operating charges +€2,335
up €2,335 (+167%), from €1,401 to €3,736
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 | €181,289 | €125,150 | -€56,139 | -31.0% |
| Fixed assets | 21/28 | €4,685 | €3,755 | -€930 | -19.8% |
| Intangible fixed assets | 21 | €193 | €144 | -€49 | -25.3% |
| Tangible fixed assets | 22/27 | €2,592 | €1,711 | -€881 | -34.0% |
| Furniture and vehicles | 24 | €2,592 | €1,711 | -€881 | -34.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €176,604 | €121,395 | -€55,209 | -31.3% |
| Amounts receivable within one year | 40/41 | €235 | €21,747 | +€21,512 | +9,164% |
| Trade receivables | 40 | €235 | €2,178 | +€1,943 | +828% |
| Other amounts receivable | 41 | - | €19,569 | +€19,569 | |
| Cash at bank and in hand | 54/58 | €176,171 | €99,406 | -€76,765 | -43.6% |
| Deferred charges and accrued income | 490/1 | €198 | €241 | +€43 | +21.8% |
| Total equity and liabilities | 10/49 | €181,289 | €125,150 | -€56,139 | -31.0% |
| Equity | 10/15 | €40,679 | €46,573 | +€5,893 | +14.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,679 | €44,573 | +€5,893 | +15.2% |
| Amounts payable | 17/49 | €140,610 | €78,577 | -€62,033 | -44.1% |
| Amounts payable within one year | 42/48 | €140,610 | €78,577 | -€62,033 | -44.1% |
| Trade debts | 44 | €9,358 | €25,877 | +€16,519 | +177% |
| Suppliers | 440/4 | €9,358 | €25,877 | +€16,519 | +177% |
| Taxes, remuneration and social security | 45 | €26,252 | €2,700 | -€23,552 | -89.7% |
| Taxes | 450/3 | €26,252 | €2,700 | -€23,552 | -89.7% |
| Other amounts payable | 47/48 | €105,000 | €50,000 | -€55,000 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €930 | -€338 | -26.7% |
| Other operating charges | 640/8 | €1,401 | €3,736 | +€2,335 | +167% |
| Gross operating margin | 9900 | €154,518 | €63,432 | -€91,086 | -58.9% |
| Operating profit (loss) | 9901 | €151,849 | €58,766 | -€93,083 | -61.3% |
| Financial charges | 65/66B | €90 | €172 | +€81 | +90.3% |
| Recurring financial charges | 65 | €90 | €172 | +€81 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €151,759 | €58,594 | -€93,165 | -61.4% |
| Income taxes | 67/77 | €13,080 | €2,700 | -€10,379 | -79.4% |
| Profit (loss) for the period | 9904 | €138,679 | €55,893 | -€82,786 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,679 | €55,893 | -€82,786 | -59.7% |
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 15 October 2026 via checked.be.