Den Edel: 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.
Den Edel
Largest movements
- Cash -€45,361
down €45,361 (-35.2%), from €129,025 to €83,664
mainly Receivables within one year (-€24,703) and Net result for the year (-€14,469)
- Receivables within one year +€24,703
up €24,703 (+55.4%), from €44,599 to €69,302
- Tangible fixed assets +€4,909
up €4,909 (+39.0%), from €12,586 to €17,495
- Reserves -€14,469
down €14,469 (-13.9%), from €104,012 to €89,543
of which Distributable reserves: -€14,469
- Staff costs +€36,055
up €36,055 (+15.4%), from €233,758 to €269,813
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 | €187,964 | €172,313 | -€15,651 | -8.3% |
| Fixed assets | 21/28 | €12,586 | €17,495 | +€4,909 | +39.0% |
| Tangible fixed assets | 22/27 | €12,586 | €17,495 | +€4,909 | +39.0% |
| Plant, machinery and equipment | 23 | €12,586 | €17,495 | +€4,909 | +39.0% |
| Current assets | 29/58 | €175,378 | €154,818 | -€20,560 | -11.7% |
| Amounts receivable within one year | 40/41 | €44,599 | €69,302 | +€24,703 | +55.4% |
| Other amounts receivable | 41 | €44,599 | €69,302 | +€24,703 | +55.4% |
| Cash at bank and in hand | 54/58 | €129,025 | €83,664 | -€45,361 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,852 | +€98 | +5.6% |
| Total equity and liabilities | 10/49 | €187,964 | €172,313 | -€15,651 | -8.3% |
| Equity | 10/15 | €119,831 | €105,362 | -€14,469 | -12.1% |
| Contributions | 10/11 | €15,819 | €15,819 | = | 0.0% |
| Reserves | 13 | €104,012 | €89,543 | -€14,469 | -13.9% |
| 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 | €102,152 | €87,683 | -€14,469 | -14.2% |
| Amounts payable | 17/49 | €68,133 | €66,951 | -€1,182 | -1.7% |
| Amounts payable within one year | 42/48 | €68,133 | €65,581 | -€2,552 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €4,354 | €4,354 | = | 0.0% |
| Trade debts | 44 | €13,823 | €13,233 | -€590 | -4.3% |
| Suppliers | 440/4 | €13,823 | €13,233 | -€590 | -4.3% |
| Taxes, remuneration and social security | 45 | €37,963 | €37,037 | -€926 | -2.4% |
| Taxes | 450/3 | €6,018 | €3,734 | -€2,284 | -38.0% |
| Remuneration and social security | 454/9 | €31,945 | €33,303 | +€1,358 | +4.3% |
| Other amounts payable | 47/48 | €11,993 | €10,957 | -€1,036 | -8.6% |
| Accrued charges and deferred income | 492/3 | - | €1,370 | +€1,370 | |
| Remuneration, social security and pensions | 62 | €233,758 | €269,813 | +€36,055 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €5,708 | +€970 | +20.5% |
| Other operating charges | 640/8 | €9,165 | €9,210 | +€45 | +0.5% |
| Gross operating margin | 9900 | €271,832 | €274,117 | +€2,285 | +0.8% |
| Operating profit (loss) | 9901 | €24,171 | -€10,614 | -€34,785 | |
| Financial charges | 65/66B | €3,804 | €3,855 | +€51 | +1.3% |
| Recurring financial charges | 65 | €3,804 | €3,855 | +€51 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €20,367 | -€14,469 | -€34,836 | |
| Profit (loss) for the period | 9904 | €20,367 | -€14,469 | -€34,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,367 | -€14,469 | -€34,836 |
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 1 November 2026 via checked.be.