Water in a capped bottle stops going down at some point, not because evaporation stops but because it condenses back as fast as it evaporates. A chemical reaction likewise reaches a dynamic equilibrium when the forward and reverse reactions keep running at the same rate and the concentrations stop changing; the ratio of product to reactant concentrations then is the equilibrium constant K. At a given temperature K comes out the same no matter what you started with, and comparing it with the reaction quotient Q, the same expression evaluated at any moment, tells you which way the reaction will go. In the diagrams, changing K changes the equilibrium concentrations and the two reaction rates, and changing Q changes the direction the reaction heads.
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