EX AEQUO: 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.
EX AEQUO
Largest movements
- Cash -€15,018
down €15,018 (-88.0%), from €17,065 to €2,048
mainly Other debts (-€313,561) and Debts after one year (-€10,406)
- Other debts -€313,561
down €313,561 (-31.3%), from €1.0m to €688,899
- Reserves +€271,819
up €271,819 (+130%), from €209,550 to €481,369
- Tax, wage and social debts +€27,646
up €27,646 (+1,027%), from €2,693 to €30,339
- Financial income +€299,506
up €299,506 (+60,597%), from €494 to €300,000
- Gross operating margin -€26,567
down €26,567 (-61.8%), from €43,004 to €16,437
- Taxes +€18,632
up €18,632 (+189%), from €9,854 to €28,485
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 | €1,361,993 | €1,337,590 | -€24,403 | -1.8% |
| Fixed assets | 21/28 | €1,335,560 | €1,327,519 | -€8,042 | -0.6% |
| Tangible fixed assets | 22/27 | €190,309 | €182,268 | -€8,042 | -4.2% |
| Land and buildings | 22 | €190,309 | €182,268 | -€8,042 | -4.2% |
| Financial fixed assets | 28 | €1,145,251 | €1,145,251 | = | 0.0% |
| Current assets | 29/58 | €26,433 | €10,071 | -€16,361 | -61.9% |
| Amounts receivable within one year | 40/41 | €4,131 | €2,531 | -€1,600 | -38.7% |
| Trade receivables | 40 | €2,203 | - | -€2,203 | |
| Other amounts receivable | 41 | €1,929 | €2,531 | +€603 | +31.3% |
| Cash at bank and in hand | 54/58 | €17,065 | €2,048 | -€15,018 | -88.0% |
| Deferred charges and accrued income | 490/1 | €5,236 | €5,492 | +€257 | +4.9% |
| Total equity and liabilities | 10/49 | €1,361,993 | €1,337,590 | -€24,403 | -1.8% |
| Equity | 10/15 | €278,961 | €550,779 | +€271,819 | +97.4% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €209,550 | €481,369 | +€271,819 | +130% |
| Distributable reserves | 133 | €209,550 | €481,369 | +€271,819 | +130% |
| Amounts payable | 17/49 | €1,083,033 | €786,811 | -€296,222 | -27.4% |
| Amounts payable after more than one year | 17 | €66,051 | €55,645 | -€10,406 | -15.8% |
| Other amounts payable | 178/9 | €66,051 | €55,645 | -€10,406 | -15.8% |
| Amounts payable within one year | 42/48 | €1,016,624 | €731,166 | -€285,458 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €10,178 | €10,406 | +€229 | +2.2% |
| Trade debts | 44 | €1,293 | €1,522 | +€229 | +17.7% |
| Suppliers | 440/4 | €1,293 | €1,522 | +€229 | +17.7% |
| Taxes, remuneration and social security | 45 | €2,693 | €30,339 | +€27,646 | +1,027% |
| Taxes | 450/3 | €2,693 | €30,339 | +€27,646 | +1,027% |
| Other amounts payable | 47/48 | €1,002,460 | €688,899 | -€313,561 | -31.3% |
| Accrued charges and deferred income | 492/3 | €358 | - | -€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,115 | €8,042 | -€73 | -0.9% |
| Other operating charges | 640/8 | €5,627 | €5,805 | +€178 | +3.2% |
| Gross operating margin | 9900 | €43,004 | €16,437 | -€26,567 | -61.8% |
| Operating profit (loss) | 9901 | €29,262 | €2,590 | -€26,672 | -91.1% |
| Financial income | 75/76B | €494 | €300,000 | +€299,506 | +60,597% |
| Recurring financial income | 75 | €494 | €300,000 | +€299,506 | +60,597% |
| Financial charges | 65/66B | €2,367 | €2,286 | -€81 | -3.4% |
| Recurring financial charges | 65 | €2,367 | €2,286 | -€81 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €27,389 | €300,304 | +€272,915 | +996% |
| Income taxes | 67/77 | €9,854 | €28,485 | +€18,632 | +189% |
| Profit (loss) for the period | 9904 | €17,535 | €271,819 | +€254,284 | +1,450% |
| Profit (loss) for the period to be appropriated | 9905 | €17,535 | €271,819 | +€254,284 | +1,450% |
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 19 October 2026 via checked.be.