E.D.A.: 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.
E.D.A.
Largest movements
- Tangible fixed assets -€23,220
down €23,220 (-9.4%), from €247,541 to €224,321
- Stocks and contracts -€9,002
down €9,002 (-16.3%), from €55,069 to €46,068
- Cash -€6,500
down €6,500 (-55.2%), from €11,782 to €5,283
mainly Tax, wage and social debts (-€28,359) and Debts after one year (-€27,537)
- Receivables within one year +€4,899
up €4,899 (+10.4%), from €47,222 to €52,121
of which Trade receivables: +€12,091
- Deferred charges and accrued income -€4,666
down €4,666 (-34.4%), from €13,562 to €8,896
- Tax, wage and social debts -€28,359
down €28,359 (-43.4%), from €65,351 to €36,992
of which Remuneration and social security: -€26,964
- Debts after one year -€27,537
down €27,537 (-15.4%), from €179,190 to €151,654
- Trade debts +€25,695
up €25,695 (+57.2%), from €44,904 to €70,599
- Accrued charges and deferred income -€5,834
down €5,834 (-97.7%), from €5,972 to €139
- Gross operating margin +€26,783
up €26,783 (+38.0%), from €70,478 to €97,261
- Staff costs +€7,531
up €7,531 (+15.6%), from €48,141 to €55,672
- Depreciation -€1,107
down €1,107 (-3.7%), from €29,864 to €28,757
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 | €380,073 | €344,695 | -€35,377 | -9.3% |
| Fixed assets | 21/28 | €252,437 | €232,329 | -€20,108 | -8.0% |
| Intangible fixed assets | 21 | €4,896 | €3,672 | -€1,224 | -25.0% |
| Tangible fixed assets | 22/27 | €247,541 | €224,321 | -€23,220 | -9.4% |
| Land and buildings | 22 | €177,110 | €167,367 | -€9,743 | -5.5% |
| Plant, machinery and equipment | 23 | €47,001 | €41,055 | -€5,945 | -12.6% |
| Furniture and vehicles | 24 | €23,431 | €15,899 | -€7,532 | -32.1% |
| Financial fixed assets | 28 | - | €4,336 | +€4,336 | |
| Current assets | 29/58 | €127,636 | €112,367 | -€15,269 | -12.0% |
| Stocks and contracts in progress | 3 | €55,069 | €46,068 | -€9,002 | -16.3% |
| Stocks | 30/36 | €55,069 | €46,068 | -€9,002 | -16.3% |
| Amounts receivable within one year | 40/41 | €47,222 | €52,121 | +€4,899 | +10.4% |
| Trade receivables | 40 | €18,733 | €30,824 | +€12,091 | +64.5% |
| Other amounts receivable | 41 | €28,489 | €21,297 | -€7,192 | -25.2% |
| Cash at bank and in hand | 54/58 | €11,782 | €5,283 | -€6,500 | -55.2% |
| Deferred charges and accrued income | 490/1 | €13,562 | €8,896 | -€4,666 | -34.4% |
| Total equity and liabilities | 10/49 | €380,073 | €344,695 | -€35,377 | -9.3% |
| Equity | 10/15 | €45,875 | €46,984 | +€1,109 | +2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,870 | €53,870 | = | 0.0% |
| Distributable reserves | 133 | €53,870 | €53,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,995 | -€16,886 | +€1,109 | +6.2% |
| Amounts payable | 17/49 | €334,198 | €297,712 | -€36,486 | -10.9% |
| Amounts payable after more than one year | 17 | €179,190 | €151,654 | -€27,537 | -15.4% |
| Financial debts | 170/4 | €179,190 | €151,654 | -€27,537 | -15.4% |
| Amounts payable within one year | 42/48 | €149,035 | €145,919 | -€3,116 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €25,104 | €25,751 | +€647 | +2.6% |
| Financial debts | 43 | €9,174 | €8,076 | -€1,099 | -12.0% |
| Credit institutions | 430/8 | €9,174 | €8,076 | -€1,099 | -12.0% |
| Trade debts | 44 | €44,904 | €70,599 | +€25,695 | +57.2% |
| Suppliers | 440/4 | €44,904 | €70,599 | +€25,695 | +57.2% |
| Taxes, remuneration and social security | 45 | €65,351 | €36,992 | -€28,359 | -43.4% |
| Taxes | 450/3 | €15,748 | €14,353 | -€1,395 | -8.9% |
| Remuneration and social security | 454/9 | €49,603 | €22,639 | -€26,964 | -54.4% |
| Other amounts payable | 47/48 | €4,501 | €4,501 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,972 | €139 | -€5,834 | -97.7% |
| Remuneration, social security and pensions | 62 | €48,141 | €55,672 | +€7,531 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,864 | €28,757 | -€1,107 | -3.7% |
| Other operating charges | 640/8 | €2,444 | €3,390 | +€946 | +38.7% |
| Gross operating margin | 9900 | €70,478 | €97,261 | +€26,783 | +38.0% |
| Operating profit (loss) | 9901 | -€9,970 | €9,442 | +€19,413 | |
| Financial income | 75/76B | €1,667 | €1,097 | -€570 | -34.2% |
| Recurring financial income | 75 | €1,667 | €1,097 | -€570 | -34.2% |
| Financial charges | 65/66B | €9,351 | €9,195 | -€156 | -1.7% |
| Recurring financial charges | 65 | €9,351 | €9,195 | -€156 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,654 | €1,345 | +€18,999 | |
| Income taxes | 67/77 | €341 | €236 | -€105 | -30.8% |
| Profit (loss) for the period | 9904 | -€17,995 | €1,109 | +€19,104 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,995 | €1,109 | +€19,104 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.