What changed?
Two fiscal 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.
EQUI-NUTRI
Largest movements
- Tangible fixed assets -€41,342
down €41,342 (-9.6%), from €431,541 to €390,199
- Receivables within one year -€29,719
down €29,719 (-27.8%), from €106,744 to €77,025
of which Trade receivables: -€16,035
- Cash -€18,092
down €18,092 (-99.9%), from €18,117 to €25
mainly Debts after one year (-€99,575) and Trade debts (-€43,157)
- Stocks and contracts -€11,652
down €11,652 (-14.2%), from €82,136 to €70,484
- Debts after one year -€99,575
down €99,575 (-21.2%), from €470,508 to €370,933
- Contributions +€69,257
up €69,257 (+88.1%), from €78,597 to €147,854
- Trade debts -€43,157
down €43,157 (-34.6%), from €124,769 to €81,613
- Current portion of long-term debt -€37,116
down €37,116 (-62.8%), from €59,071 to €21,955
- Staff costs -€20,867
down €20,867 (-17.4%), from €119,989 to €99,121
- Write-downs +€15,191
new in 2025: €15,191
- Gross operating margin -€9,675
down €9,675 (-4.9%), from €195,486 to €185,811
- Other operating charges -€6,287
down €6,287 (-73.7%), from €8,535 to €2,248
- Financial charges -€3,396
down €3,396 (-12.9%), from €26,375 to €22,979
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.
Cash bridge derived
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 | €654,728 | €554,063 | -€100,665 | -15.4% |
| Fixed assets | 21/28 | €439,400 | €403,058 | -€36,342 | -8.3% |
| Tangible fixed assets | 22/27 | €431,541 | €390,199 | -€41,342 | -9.6% |
| Land and buildings | 22 | €98,070 | €88,723 | -€9,346 | -9.5% |
| Plant, machinery and equipment | 23 | €1,727 | €1,396 | -€331 | -19.2% |
| Furniture and vehicles | 24 | €2,533 | €978 | -€1,555 | -61.4% |
| Leasing and similar rights | 25 | €141,951 | €126,173 | -€15,778 | -11.1% |
| Other tangible fixed assets | 26 | €187,261 | €172,928 | -€14,333 | -7.7% |
| Financial fixed assets | 28 | €7,859 | €12,859 | +€5,000 | +63.6% |
| Current assets | 29/58 | €215,328 | €151,005 | -€64,322 | -29.9% |
| Stocks and contracts in progress | 3 | €82,136 | €70,484 | -€11,652 | -14.2% |
| Stocks | 30/36 | €82,136 | €70,484 | -€11,652 | -14.2% |
| Amounts receivable within one year | 40/41 | €106,744 | €77,025 | -€29,719 | -27.8% |
| Trade receivables | 40 | €90,920 | €74,885 | -€16,035 | -17.6% |
| Other amounts receivable | 41 | €15,824 | €2,140 | -€13,685 | -86.5% |
| Cash at bank and in hand | 54/58 | €18,117 | €25 | -€18,092 | -99.9% |
| Deferred charges and accrued income | 490/1 | €8,331 | €3,471 | -€4,860 | -58.3% |
| Total equity and liabilities | 10/49 | €654,728 | €554,063 | -€100,665 | -15.4% |
| Equity | 10/15 | -€47,203 | €23,369 | +€70,571 | |
| Contributions | 10/11 | €78,597 | €147,854 | +€69,257 | +88.1% |
| Reserves | 13 | €10,549 | €10,549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,689 | €8,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,349 | -€135,034 | +€1,314 | +1.0% |
| Amounts payable | 17/49 | €701,931 | €530,695 | -€171,236 | -24.4% |
| Amounts payable after more than one year | 17 | €470,508 | €370,933 | -€99,575 | -21.2% |
| Financial debts | 170/4 | €470,508 | €370,933 | -€99,575 | -21.2% |
| Amounts payable within one year | 42/48 | €231,423 | €159,762 | -€71,661 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €59,071 | €21,955 | -€37,116 | -62.8% |
| Financial debts | 43 | €16,549 | €15,007 | -€1,542 | -9.3% |
| Credit institutions | 430/8 | €16,549 | €15,007 | -€1,542 | -9.3% |
| Trade debts | 44 | €124,769 | €81,613 | -€43,157 | -34.6% |
| Suppliers | 440/4 | €124,769 | €81,613 | -€43,157 | -34.6% |
| Taxes, remuneration and social security | 45 | €21,366 | €26,665 | +€5,298 | +24.8% |
| Taxes | 450/3 | €4,418 | €4,149 | -€269 | -6.1% |
| Remuneration and social security | 454/9 | €16,949 | €22,516 | +€5,567 | +32.8% |
| Other amounts payable | 47/48 | €9,667 | €14,523 | +€4,855 | +50.2% |
| Remuneration, social security and pensions | 62 | €119,989 | €99,121 | -€20,867 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,210 | €47,106 | -€1,104 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,191 | +€15,191 | |
| Other operating charges | 640/8 | €8,535 | €2,248 | -€6,287 | -73.7% |
| Non-recurring operating charges | 66A | €1,578 | - | -€1,578 | |
| Gross operating margin | 9900 | €195,486 | €185,811 | -€9,675 | -4.9% |
| Operating profit (loss) | 9901 | €17,175 | €22,144 | +€4,970 | +28.9% |
| Financial income | 75/76B | €4,281 | €2,494 | -€1,787 | -41.7% |
| Recurring financial income | 75 | €1,704 | €84 | -€1,620 | -95.1% |
| Non-recurring financial income | 76B | €2,577 | €2,410 | -€167 | -6.5% |
| Financial charges | 65/66B | €26,375 | €22,979 | -€3,396 | -12.9% |
| Recurring financial charges | 65 | €26,375 | €22,979 | -€3,396 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,920 | €1,659 | +€6,579 | |
| Income taxes | 67/77 | €369 | €345 | -€24 | -6.6% |
| Profit (loss) for the period | 9904 | -€5,289 | €1,314 | +€6,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,289 | €1,314 | +€6,603 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.