EQUITY@WORK: what changed
What changed
EQUITY@WORK
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€506,916
2024 · €183,231+€323,685
Equity
€2.4m
2024 · €1.8m+€506,916
Cash
€264,611
2024 · €617,487-€352,875
Balance sheet total
€4.0m
2024 · €3.3m+€641,992
Largest movements
Assets
- Receivables within one year +€596,556
up €596,556 (+399%), from €149,510 to €746,066
of which Trade receivables: +€561,926
- Tangible fixed assets +€397,732
up €397,732 (+15.5%), from €2.6m to €3.0m
of which Land and buildings: +€298,996
- Cash -€352,875
down €352,875 (-57.1%), from €617,487 to €264,611
mainly Receivables within one year (-€596,556) and Investment in fixed assets (net) (-€516,521)
Equity and liabilities
- Reserves +€506,916
up €506,916 (+27.8%), from €1.8m to €2.3m
of which Distributable reserves: +€301,744
- Tax, wage and social debts +€86,632
up €86,632 (+117%), from €74,183 to €160,815
Income statement
- Gross operating margin +€402,163
up €402,163 (+81.5%), from €493,226 to €895,388
- Taxes +€132,460
up €132,460 (+155%), from €85,199 to €217,658
- Depreciation -€67,729
down €67,729 (-36.3%), from €186,518 to €118,789
- Financial charges +€23,949
up €23,949 (+68.9%), from €34,765 to €58,714
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
€183,231
Gross operating margin
+€402,163
Depreciation
+€67,729
Other operating charges
+€2,627
Financial income
+€7,580
Financial charges
-€23,949
Taxes
-€132,460
Deferred taxes and other
-€4
Result 2025
€506,916
raises the resultlowers the resultnot broken down further in the accounts
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
+€109,104
Investment
-€516,521
Financing
+€54,542
Cash 2024
€617,487
From operations (derived)
+€109,104
Net result for the year
+€506,916
Depreciation
+€118,789
Receivables within one year
-€596,556
Deferred charges and accrued income
-€579
Provisions
-€1,776
Trade debts
+€17,602
Tax, wage and social debts
+€86,632
Other debts
-€38,055
Accrued charges and deferred income
+€16,130
Investment (derived)
-€516,521
Investment in fixed assets (net)
-€516,521
Financing
+€54,542
Debts after one year
+€23,813
Current portion of long-term debt
+€30,729
Cash 2025
€264,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,335,946 | €3,977,937 | +€641,992 | +19.2% |
| Fixed assets | 21/28 | €2,562,931 | €2,960,663 | +€397,732 | +15.5% |
| Tangible fixed assets | 22/27 | €2,562,931 | €2,960,663 | +€397,732 | +15.5% |
| Land and buildings | 22 | €2,535,005 | €2,834,001 | +€298,996 | +11.8% |
| Plant, machinery and equipment | 23 | €15,066 | €17,545 | +€2,479 | +16.5% |
| Furniture and vehicles | 24 | €12,859 | €109,117 | +€96,257 | +749% |
| Current assets | 29/58 | €773,015 | €1,017,274 | +€244,259 | +31.6% |
| Amounts receivable within one year | 40/41 | €149,510 | €746,066 | +€596,556 | +399% |
| Trade receivables | 40 | €144,790 | €706,716 | +€561,926 | +388% |
| Other amounts receivable | 41 | €4,720 | €39,350 | +€34,630 | +734% |
| Cash at bank and in hand | 54/58 | €617,487 | €264,611 | -€352,875 | -57.1% |
| Deferred charges and accrued income | 490/1 | €6,018 | €6,597 | +€579 | +9.6% |
| Total equity and liabilities | 10/49 | €3,335,946 | €3,977,937 | +€641,992 | +19.2% |
| Equity | 10/15 | €1,843,163 | €2,350,079 | +€506,916 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,824,563 | €2,331,479 | +€506,916 | +27.8% |
| Tax-exempt reserves | 132 | €121,456 | €326,627 | +€205,172 | +169% |
| Distributable reserves | 133 | €1,703,107 | €2,004,851 | +€301,744 | +17.7% |
| Provisions and deferred taxes | 16 | €40,485 | €38,709 | -€1,776 | -4.4% |
| Deferred taxes | 168 | €40,485 | €38,709 | -€1,776 | -4.4% |
| Amounts payable | 17/49 | €1,452,298 | €1,589,150 | +€136,852 | +9.4% |
| Amounts payable after more than one year | 17 | €1,088,698 | €1,112,511 | +€23,813 | +2.2% |
| Financial debts | 170/4 | €1,088,698 | €1,112,511 | +€23,813 | +2.2% |
| Amounts payable within one year | 42/48 | €338,407 | €435,316 | +€96,909 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €113,333 | €144,062 | +€30,729 | +27.1% |
| Trade debts | 44 | €66,558 | €84,160 | +€17,602 | +26.4% |
| Suppliers | 440/4 | €66,558 | €84,160 | +€17,602 | +26.4% |
| Taxes, remuneration and social security | 45 | €74,183 | €160,815 | +€86,632 | +117% |
| Taxes | 450/3 | €74,183 | €160,815 | +€86,632 | +117% |
| Other amounts payable | 47/48 | €84,333 | €46,279 | -€38,055 | -45.1% |
| Accrued charges and deferred income | 492/3 | €25,193 | €41,323 | +€16,130 | +64.0% |
| Non-recurring operating income | 76A | €28,310 | €495 | -€27,815 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,518 | €118,789 | -€67,729 | -36.3% |
| Other operating charges | 640/8 | €9,276 | €6,649 | -€2,627 | -28.3% |
| Gross operating margin | 9900 | €493,226 | €895,388 | +€402,163 | +81.5% |
| Operating profit (loss) | 9901 | €297,431 | €769,950 | +€472,519 | +159% |
| Financial income | 75/76B | €3,983 | €11,563 | +€7,580 | +190% |
| Recurring financial income | 75 | €3,983 | €11,563 | +€7,580 | +190% |
| Financial charges | 65/66B | €34,765 | €58,714 | +€23,949 | +68.9% |
| Recurring financial charges | 65 | €34,765 | €58,714 | +€23,949 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €266,649 | €722,798 | +€456,149 | +171% |
| Transfer from deferred taxes | 780 | €1,780 | €1,776 | -€4 | -0.2% |
| Income taxes | 67/77 | €85,199 | €217,658 | +€132,460 | +155% |
| Profit (loss) for the period | 9904 | €183,231 | €506,916 | +€323,685 | +177% |
| Transfer from tax-exempt reserves | 789 | €5,341 | €5,328 | -€12 | -0.2% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,571 | €301,744 | +€113,173 | +60.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.