EQUIVET'S: 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.
EQUIVET'S
Largest movements
- Cash +€19,414
up €19,414 (+55.8%), from €34,819 to €54,233
mainly Trade debts (+€29,188) and Depreciation (+€7,732)
- Receivables within one year +€18,402
up €18,402 (+41.0%), from €44,841 to €63,243
of which Other amounts receivable: +€17,631
- Tangible fixed assets -€6,461
down €6,461 (-38.7%), from €16,673 to €10,213
of which Furniture and vehicles: -€6,393
- Deferred charges and accrued income -€3,260
down €3,260 (-43.6%), from €7,484 to €4,224
- Stocks and contracts -€2,397
down €2,397 (-8.0%), from €29,832 to €27,435
- Trade debts +€29,188
up €29,188 (+31.3%), from €93,384 to €122,572
- Debts after one year -€3,832
down €3,832 (-85.4%), from €4,486 to €654
- Depreciation -€8,425
down €8,425 (-52.1%), from €16,157 to €7,732
- Gross operating margin -€8,100
down €8,100 (-37.8%), from €21,402 to €13,302
- Taxes -€983
down €983 (-68.2%), from €1,441 to €458
- Financial charges +€797
up €797 (+25.6%), from €3,107 to €3,904
- Financial income -€280
down €280 (-84.9%), from €330 to €50
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 | €136,529 | €162,227 | +€25,698 | +18.8% |
| Fixed assets | 21/28 | €19,553 | €13,093 | -€6,461 | -33.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,673 | €10,213 | -€6,461 | -38.7% |
| Plant, machinery and equipment | 23 | €294 | €227 | -€68 | -23.0% |
| Furniture and vehicles | 24 | €16,379 | €9,986 | -€6,393 | -39.0% |
| Financial fixed assets | 28 | €2,880 | €2,880 | = | 0.0% |
| Current assets | 29/58 | €116,976 | €149,134 | +€32,158 | +27.5% |
| Stocks and contracts in progress | 3 | €29,832 | €27,435 | -€2,397 | -8.0% |
| Stocks | 30/36 | €29,832 | €27,435 | -€2,397 | -8.0% |
| Amounts receivable within one year | 40/41 | €44,841 | €63,243 | +€18,402 | +41.0% |
| Trade receivables | 40 | €42,834 | €43,605 | +€771 | +1.8% |
| Other amounts receivable | 41 | €2,007 | €19,638 | +€17,631 | +879% |
| Cash at bank and in hand | 54/58 | €34,819 | €54,233 | +€19,414 | +55.8% |
| Deferred charges and accrued income | 490/1 | €7,484 | €4,224 | -€3,260 | -43.6% |
| Total equity and liabilities | 10/49 | €136,529 | €162,227 | +€25,698 | +18.8% |
| Equity | 10/15 | €22,405 | €22,860 | +€455 | +2.0% |
| Contributions | 10/11 | €20,300 | €20,300 | = | 0.0% |
| Reserves | 13 | €2,030 | €2,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,030 | €2,030 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,030 | €2,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75 | €530 | +€455 | +608% |
| Amounts payable | 17/49 | €114,124 | €139,367 | +€25,243 | +22.1% |
| Amounts payable after more than one year | 17 | €4,486 | €654 | -€3,832 | -85.4% |
| Financial debts | 170/4 | €4,486 | €654 | -€3,832 | -85.4% |
| Amounts payable within one year | 42/48 | €109,638 | €138,713 | +€29,075 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €3,630 | €3,832 | +€202 | +5.6% |
| Trade debts | 44 | €93,384 | €122,572 | +€29,188 | +31.3% |
| Suppliers | 440/4 | €93,384 | €122,572 | +€29,188 | +31.3% |
| Taxes, remuneration and social security | 45 | €3,063 | €2,586 | -€477 | -15.6% |
| Taxes | 450/3 | €3,063 | €2,586 | -€477 | -15.6% |
| Other amounts payable | 47/48 | €9,560 | €9,723 | +€163 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,157 | €7,732 | -€8,425 | -52.1% |
| Other operating charges | 640/8 | €992 | €803 | -€188 | -19.0% |
| Gross operating margin | 9900 | €21,402 | €13,302 | -€8,100 | -37.8% |
| Operating profit (loss) | 9901 | €4,253 | €4,767 | +€513 | +12.1% |
| Financial income | 75/76B | €330 | €50 | -€280 | -84.9% |
| Recurring financial income | 75 | €330 | €50 | -€280 | -84.9% |
| Financial charges | 65/66B | €3,107 | €3,904 | +€797 | +25.6% |
| Recurring financial charges | 65 | €3,107 | €3,904 | +€797 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €1,476 | €913 | -€563 | -38.1% |
| Income taxes | 67/77 | €1,441 | €458 | -€983 | -68.2% |
| Profit (loss) for the period | 9904 | €35 | €455 | +€420 | +1,205% |
| Profit (loss) for the period to be appropriated | 9905 | €35 | €455 | +€420 | +1,205% |
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 20 October 2026 via checked.be.