EQUIGEST: what changed
EQUIGEST
Largest movements
- Receivables within one year +€10,747
up €10,747 (+124%), from €8,638 to €19,384
of which Trade receivables: +€10,872
- Cash +€4,725
up €4,725 (+246%), from €1,921 to €6,646
mainly Depreciation (+€18,624) and Trade debts (+€17,323)
- Tangible fixed assets +€3,704
up €3,704 (+4.3%), from €85,523 to €89,227
of which Furniture and vehicles: +€17,219
- Trade debts +€17,323
up €17,323 (+2,373%), from €730 to €18,053
- Other debts +€12,769
up €12,769 (+7.3%), from €175,738 to €188,507
- Profit (loss) carried forward -€10,736
down €10,736 (-12.6%), from -€85,225 to -€95,961
- Gross operating margin +€5,845
up €5,845 (+209%), from €2,796 to €8,640
- Depreciation -€735
down €735 (-3.8%), from €19,358 to €18,624
- Financial charges +€92
up €92 (+56.4%), from €164 to €256
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,243 | €116,599 | +€19,356 | +19.9% |
| Fixed assets | 21/28 | €85,523 | €89,227 | +€3,704 | +4.3% |
| Tangible fixed assets | 22/27 | €85,523 | €89,227 | +€3,704 | +4.3% |
| Plant, machinery and equipment | 23 | €35,830 | €26,269 | -€9,561 | -26.7% |
| Furniture and vehicles | 24 | - | €17,219 | +€17,219 | |
| Other tangible fixed assets | 26 | €49,693 | €45,739 | -€3,954 | -8.0% |
| Current assets | 29/58 | €11,720 | €27,372 | +€15,652 | +134% |
| Stocks and contracts in progress | 3 | €1,161 | €1,341 | +€180 | +15.5% |
| Stocks | 30/36 | €1,161 | €1,341 | +€180 | +15.5% |
| Amounts receivable within one year | 40/41 | €8,638 | €19,384 | +€10,747 | +124% |
| Trade receivables | 40 | €6,026 | €16,897 | +€10,872 | +180% |
| Other amounts receivable | 41 | €2,612 | €2,487 | -€125 | -4.8% |
| Cash at bank and in hand | 54/58 | €1,921 | €6,646 | +€4,725 | +246% |
| Total equity and liabilities | 10/49 | €97,243 | €116,599 | +€19,356 | +19.9% |
| Equity | 10/15 | -€79,225 | -€89,961 | -€10,736 | -13.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,225 | -€95,961 | -€10,736 | -12.6% |
| Amounts payable | 17/49 | €176,468 | €206,560 | +€30,092 | +17.1% |
| Amounts payable within one year | 42/48 | €176,468 | €206,560 | +€30,092 | +17.1% |
| Trade debts | 44 | €730 | €18,053 | +€17,323 | +2,373% |
| Suppliers | 440/4 | €730 | €18,053 | +€17,323 | +2,373% |
| Other amounts payable | 47/48 | €175,738 | €188,507 | +€12,769 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,358 | €18,624 | -€735 | -3.8% |
| Other operating charges | 640/8 | €485 | €500 | +€14 | +3.0% |
| Gross operating margin | 9900 | €2,796 | €8,640 | +€5,845 | +209% |
| Operating profit (loss) | 9901 | -€17,048 | -€10,483 | +€6,565 | +38.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €164 | €256 | +€92 | +56.4% |
| Recurring financial charges | 65 | €164 | €256 | +€92 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
| Profit (loss) for the period | 9904 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,212 | -€10,736 | +€6,476 | +37.6% |
Next steps
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 2 November 2026 via checked.be.