SIX EQUIPMENT: 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.
SIX EQUIPMENT
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-29.5%), from €4.4m to €3.1m
of which Leasing and similar rights: -€1.2m
- Receivables within one year -€370,178
down €370,178 (-16.1%), from €2.3m to €1.9m
of which Other amounts receivable: -€257,848
- Financial fixed assets -€242,169
no longer reported in 2024 (was €242,169)
- Stocks and contracts -€210,592
down €210,592 (-35.3%), from €596,345 to €385,753
- Cash -€196,002
down €196,002 (-71.8%), from €273,024 to €77,022
mainly Debts after one year (-€1.2m) and Current portion of long-term debt (-€697,532)
- Debts after one year -€1.2m
down €1.2m (-58.7%), from €2.0m to €821,247
- Current portion of long-term debt -€697,532
down €697,532 (-49.5%), from €1.4m to €712,332
- Reserves -€422,039
down €422,039 (-11.0%), from €3.9m to €3.4m
of which Distributable reserves: -€422,039
- Trade debts -€127,537
down €127,537 (-82.8%), from €154,049 to €26,511
- Tax, wage and social debts +€111,736
up €111,736 (+48.8%), from €229,109 to €340,844
of which Remuneration and social security: +€83,420
- Gross operating margin +€347,107
up €347,107 (+18.7%), from €1.9m to €2.2m
- Staff costs +€249,564
up €249,564 (+54.9%), from €454,687 to €704,251
- Depreciation -€145,080
down €145,080 (-10.8%), from €1.3m to €1.2m
- Other operating charges +€28,333
up €28,333 (+110%), from €25,647 to €53,979
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,984,347 | €5,718,661 | -€2.3m | -28.4% |
| Formation expenses | 20 | €81,372 | €49,970 | -€31,402 | -38.6% |
| Fixed assets | 21/28 | €4,728,692 | €3,169,763 | -€1.6m | -33.0% |
| Intangible fixed assets | 21 | €49,705 | €43,177 | -€6,528 | -13.1% |
| Tangible fixed assets | 22/27 | €4,436,818 | €3,126,586 | -€1.3m | -29.5% |
| Land and buildings | 22 | €827,822 | €738,886 | -€88,936 | -10.7% |
| Plant, machinery and equipment | 23 | €157,532 | €80,510 | -€77,022 | -48.9% |
| Furniture and vehicles | 24 | €978,626 | €1,060,711 | +€82,085 | +8.4% |
| Leasing and similar rights | 25 | €2,443,696 | €1,236,597 | -€1.2m | -49.4% |
| Other tangible fixed assets | 26 | €29,142 | €9,882 | -€19,260 | -66.1% |
| Financial fixed assets | 28 | €242,169 | - | -€242,169 | |
| Current assets | 29/58 | €3,174,283 | €2,498,928 | -€675,356 | -21.3% |
| Stocks and contracts in progress | 3 | €596,345 | €385,753 | -€210,592 | -35.3% |
| Stocks | 30/36 | €596,345 | €385,753 | -€210,592 | -35.3% |
| Amounts receivable within one year | 40/41 | €2,304,915 | €1,934,736 | -€370,178 | -16.1% |
| Trade receivables | 40 | €2,047,067 | €1,934,736 | -€112,331 | -5.5% |
| Other amounts receivable | 41 | €257,848 | - | -€257,848 | |
| Cash at bank and in hand | 54/58 | €273,024 | €77,022 | -€196,002 | -71.8% |
| Deferred charges and accrued income | 490/1 | - | €101,417 | +€101,417 | |
| Total equity and liabilities | 10/49 | €7,984,347 | €5,718,661 | -€2.3m | -28.4% |
| Equity | 10/15 | €4,001,019 | €3,578,980 | -€422,039 | -10.5% |
| Contributions | 10/11 | €149,579 | €149,579 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | €49,579 | = | 0.0% |
| Share premium | 1100/10 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €3,851,440 | €3,429,401 | -€422,039 | -11.0% |
| Non-distributable reserves | 130/1 | €12,088 | €12,088 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Other | 1319 | €2,088 | €2,088 | = | 0.0% |
| Distributable reserves | 133 | €3,839,352 | €3,417,313 | -€422,039 | -11.0% |
| Amounts payable | 17/49 | €3,983,328 | €2,139,681 | -€1.8m | -46.3% |
| Amounts payable after more than one year | 17 | €1,990,307 | €821,247 | -€1.2m | -58.7% |
| Financial debts | 170/4 | €1,990,307 | €821,247 | -€1.2m | -58.7% |
| Amounts payable within one year | 42/48 | €1,993,021 | €1,318,434 | -€674,587 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €1,409,864 | €712,332 | -€697,532 | -49.5% |
| Financial debts | 43 | €200,000 | €238,746 | +€38,746 | +19.4% |
| Credit institutions | 430/8 | €200,000 | €238,746 | +€38,746 | +19.4% |
| Trade debts | 44 | €154,049 | €26,511 | -€127,537 | -82.8% |
| Suppliers | 440/4 | €154,049 | €26,511 | -€127,537 | -82.8% |
| Taxes, remuneration and social security | 45 | €229,109 | €340,844 | +€111,736 | +48.8% |
| Taxes | 450/3 | €63,388 | €91,704 | +€28,316 | +44.7% |
| Remuneration and social security | 454/9 | €165,721 | €249,141 | +€83,420 | +50.3% |
| Non-recurring operating income | 76A | €185,518 | €1,842,640 | +€1.7m | +893% |
| Remuneration, social security and pensions | 62 | €454,687 | €704,251 | +€249,564 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,342,616 | €1,197,536 | -€145,080 | -10.8% |
| Other operating charges | 640/8 | €25,647 | €53,979 | +€28,333 | +110% |
| Non-recurring operating charges | 66A | - | €594,432 | +€594,432 | |
| Gross operating margin | 9900 | €1,857,656 | €2,204,763 | +€347,107 | +18.7% |
| Operating profit (loss) | 9901 | €34,706 | -€345,435 | -€380,141 | |
| Financial income | 75/76B | - | €1,266 | +€1,266 | |
| Recurring financial income | 75 | - | €1,266 | +€1,266 | |
| Financial charges | 65/66B | €74,829 | €77,870 | +€3,042 | +4.1% |
| Recurring financial charges | 65 | €74,829 | €77,870 | +€3,042 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,122 | -€422,039 | -€381,917 | -952% |
| Income taxes | 67/77 | €4,317 | - | -€4,317 | |
| Profit (loss) for the period | 9904 | -€44,439 | -€422,039 | -€377,600 | -850% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,439 | -€422,039 | -€377,600 | -850% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.