S & D . AEQUITAS: what changed
What changed
S & D . AEQUITAS
NACE 69.103, Activities of bailiffs
filed annual accounts (NBB)
Net result for the year
€84,927
2024 · €134,428-€49,501
Equity
€25,491
2024 · €20,564+€4,927
Cash
€465,544
2024 · €465,675-€131
Balance sheet total
€1.1m
2024 · €1.0m+€77,047
Largest movements
Assets
- Receivables within one year +€61,910
up €61,910 (+11.6%), from €532,911 to €594,821
of which Trade receivables: +€34,021
- Tangible fixed assets +€16,894
up €16,894 (+181%), from €9,343 to €26,237
of which Furniture and vehicles: +€18,027
Equity and liabilities
- Trade debts -€80,803
down €80,803 (-23.2%), from €348,267 to €267,465
- Other debts +€77,639
up €77,639 (+21.8%), from €356,430 to €434,069
- Advances received +€35,637
up €35,637 (+12.9%), from €276,181 to €311,818
- Tax, wage and social debts +€28,687
up €28,687 (+93.1%), from €30,820 to €59,507
of which Taxes: +€17,151
Income statement
- Gross operating margin -€41,841
down €41,841 (-9.0%), from €463,615 to €421,774
- Staff costs +€11,399
up €11,399 (+3.6%), from €316,813 to €328,211
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
€134,428
Gross operating margin
-€41,841
Staff costs
-€11,399
Depreciation
+€462
Other operating charges
+€835
Financial income
+€652
Financial charges
-€910
Taxes
+€2,700
Result 2025
€84,927
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
+€97,098
Investment
-€17,228
Financing
-€80,000
Cash 2024
€465,675
From operations (derived)
+€97,098
Net result for the year
+€84,927
Depreciation
+€2,020
Receivables within one year
-€61,910
Deferred charges and accrued income
-€59
Trade debts
-€80,803
Tax, wage and social debts
+€28,687
Advances received
+€35,637
Other debts
+€77,639
Accrued charges and deferred income
+€10,959
Investment (derived)
-€17,228
Investment in fixed assets (net)
-€17,228
Financing
-€80,000
Contributions, distributions and other
-€80,000
Cash 2025
€465,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,262 | €1,109,308 | +€77,047 | +7.5% |
| Fixed assets | 21/28 | €32,258 | €47,466 | +€15,208 | +47.1% |
| Tangible fixed assets | 22/27 | €9,343 | €26,237 | +€16,894 | +181% |
| Land and buildings | 22 | €8,837 | €7,953 | -€884 | -10.0% |
| Plant, machinery and equipment | 23 | €506 | €257 | -€249 | -49.3% |
| Furniture and vehicles | 24 | - | €18,027 | +€18,027 | |
| Financial fixed assets | 28 | €22,915 | €21,228 | -€1,687 | -7.4% |
| Current assets | 29/58 | €1,000,004 | €1,061,843 | +€61,839 | +6.2% |
| Amounts receivable within one year | 40/41 | €532,911 | €594,821 | +€61,910 | +11.6% |
| Trade receivables | 40 | €513,457 | €547,478 | +€34,021 | +6.6% |
| Other amounts receivable | 41 | €19,454 | €47,343 | +€27,889 | +143% |
| Cash at bank and in hand | 54/58 | €465,675 | €465,544 | -€131 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,418 | €1,478 | +€59 | +4.2% |
| Total equity and liabilities | 10/49 | €1,032,262 | €1,109,308 | +€77,047 | +7.5% |
| Equity | 10/15 | €20,564 | €25,491 | +€4,927 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104 | €5,031 | +€4,927 | +4,745% |
| Amounts payable | 17/49 | €1,011,698 | €1,083,818 | +€72,120 | +7.1% |
| Amounts payable within one year | 42/48 | €1,011,698 | €1,072,858 | +€61,161 | +6.0% |
| Trade debts | 44 | €348,267 | €267,465 | -€80,803 | -23.2% |
| Suppliers | 440/4 | €348,267 | €267,465 | -€80,803 | -23.2% |
| Advances received on contracts in progress | 46 | €276,181 | €311,818 | +€35,637 | +12.9% |
| Taxes, remuneration and social security | 45 | €30,820 | €59,507 | +€28,687 | +93.1% |
| Taxes | 450/3 | - | €17,151 | +€17,151 | |
| Remuneration and social security | 454/9 | €30,820 | €42,356 | +€11,536 | +37.4% |
| Other amounts payable | 47/48 | €356,430 | €434,069 | +€77,639 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €10,959 | +€10,959 | |
| Remuneration, social security and pensions | 62 | €316,813 | €328,211 | +€11,399 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,483 | €2,020 | -€462 | -18.6% |
| Other operating charges | 640/8 | €1,459 | €624 | -€835 | -57.2% |
| Gross operating margin | 9900 | €463,615 | €421,774 | -€41,841 | -9.0% |
| Operating profit (loss) | 9901 | €142,860 | €90,918 | -€51,942 | -36.4% |
| Financial income | 75/76B | €1,594 | €2,246 | +€652 | +40.9% |
| Recurring financial income | 75 | €1,594 | €2,246 | +€652 | +40.9% |
| Financial charges | 65/66B | €7,327 | €8,237 | +€910 | +12.4% |
| Recurring financial charges | 65 | €7,327 | €8,237 | +€910 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €137,128 | €84,927 | -€52,201 | -38.1% |
| Income taxes | 67/77 | €2,700 | - | -€2,700 | |
| Profit (loss) for the period | 9904 | €134,428 | €84,927 | -€49,501 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €134,428 | €84,927 | -€49,501 | -36.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.