EQ: 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.
EQ
Largest movements
- Tangible fixed assets -€5,170
down €5,170 (-23.4%), from €22,130 to €16,960
of which Furniture and vehicles: -€7,898
- Cash +€5,140
up €5,140 (+102%), from €5,029 to €10,169
mainly Depreciation (+€14,185) and Net result for the year (+€11,038)
- Receivables within one year -€2,138
down €2,138 (-18.2%), from €11,770 to €9,632
of which Other amounts receivable: -€7,483
- Debts after one year -€11,506
down €11,506 (-18.0%), from €63,748 to €52,243
- Profit (loss) carried forward +€11,038
up €11,038 (+24.5%), from -€44,976 to -€33,938
- Current portion of long-term debt -€2,843
down €2,843 (-32.6%), from €8,715 to €5,871
- Tax, wage and social debts +€940
new in 2025: €940
- Gross operating margin +€12,251
up €12,251 (+64.7%), from €18,949 to €31,200
- Other operating charges +€4,334
up €4,334 (+352%), from €1,231 to €5,565
- Financial charges -€546
down €546 (-57.0%), from €959 to €413
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 | €39,494 | €37,254 | -€2,240 | -5.7% |
| Fixed assets | 21/28 | €22,280 | €17,073 | -€5,207 | -23.4% |
| Intangible fixed assets | 21 | €150 | - | -€150 | |
| Tangible fixed assets | 22/27 | €22,130 | €16,960 | -€5,170 | -23.4% |
| Plant, machinery and equipment | 23 | €2,726 | €9,389 | +€6,663 | +244% |
| Furniture and vehicles | 24 | €15,470 | €7,572 | -€7,898 | -51.1% |
| Other tangible fixed assets | 26 | €3,934 | - | -€3,934 | |
| Financial fixed assets | 28 | - | €113 | +€113 | |
| Current assets | 29/58 | €17,214 | €20,181 | +€2,967 | +17.2% |
| Amounts receivable within one year | 40/41 | €11,770 | €9,632 | -€2,138 | -18.2% |
| Trade receivables | 40 | €4,287 | €9,632 | +€5,345 | +125% |
| Other amounts receivable | 41 | €7,483 | - | -€7,483 | |
| Cash at bank and in hand | 54/58 | €5,029 | €10,169 | +€5,140 | +102% |
| Deferred charges and accrued income | 490/1 | €415 | €380 | -€34 | -8.3% |
| Total equity and liabilities | 10/49 | €39,494 | €37,254 | -€2,240 | -5.7% |
| Equity | 10/15 | -€34,976 | -€23,938 | +€11,038 | +31.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,976 | -€33,938 | +€11,038 | +24.5% |
| Amounts payable | 17/49 | €74,470 | €61,192 | -€13,277 | -17.8% |
| Amounts payable after more than one year | 17 | €63,748 | €52,243 | -€11,506 | -18.0% |
| Financial debts | 170/4 | €63,748 | €52,243 | -€11,506 | -18.0% |
| Amounts payable within one year | 42/48 | €10,721 | €8,950 | -€1,771 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €8,715 | €5,871 | -€2,843 | -32.6% |
| Trade debts | 44 | €2,006 | €2,138 | +€132 | +6.6% |
| Suppliers | 440/4 | €2,006 | €2,138 | +€132 | +6.6% |
| Taxes, remuneration and social security | 45 | - | €940 | +€940 | |
| Taxes | 450/3 | - | €940 | +€940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,940 | €14,185 | +€245 | +1.8% |
| Other operating charges | 640/8 | €1,231 | €5,565 | +€4,334 | +352% |
| Gross operating margin | 9900 | €18,949 | €31,200 | +€12,251 | +64.7% |
| Operating profit (loss) | 9901 | €3,778 | €11,450 | +€7,673 | +203% |
| Financial income | 75/76B | €43 | €0 | -€43 | -99.8% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -99.8% |
| Financial charges | 65/66B | €959 | €413 | -€546 | -57.0% |
| Recurring financial charges | 65 | €959 | €413 | -€546 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €2,862 | €11,038 | +€8,175 | +286% |
| Profit (loss) for the period | 9904 | €2,862 | €11,038 | +€8,175 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €2,862 | €11,038 | +€8,175 | +286% |
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.