E.D.FINANCES: 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.FINANCES
Largest movements
- Tangible fixed assets -€13,120
down €13,120 (-25.8%), from €50,877 to €37,757
of which Furniture and vehicles: -€11,786
- Cash +€9,483
up €9,483 (+29.5%), from €32,103 to €41,585
mainly Net result for the year (+€24,760) and Depreciation (+€15,028)
- Receivables within one year -€2,362
down €2,362 (-4.9%), from €47,789 to €45,426
of which Other amounts receivable: -€10,011
- Reserves +€24,760
up €24,760 (+46.7%), from €52,978 to €77,737
of which Distributable reserves: +€24,760
- Tax, wage and social debts -€13,618
down €13,618 (-55.3%), from €24,620 to €11,002
of which Taxes: -€13,858
- Debts after one year -€12,103
down €12,103 (-39.9%), from €30,315 to €18,212
- Accrued charges and deferred income -€6,915
down €6,915 (-100%), from €6,915 to €0
- Staff costs +€9,258
new in 2025: €9,258
- Turnover +€7,663
up €7,663 (+6.0%), from €127,204 to €134,867
- Gross operating margin +€5,750
up €5,750 (+10.0%), from €57,304 to €63,053
- Purchases and services +€4,446
up €4,446 (+6.1%), from €73,348 to €77,794
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 | €132,549 | €125,707 | -€6,842 | -5.2% |
| Fixed assets | 21/28 | €50,877 | €37,757 | -€13,120 | -25.8% |
| Tangible fixed assets | 22/27 | €50,877 | €37,757 | -€13,120 | -25.8% |
| Land and buildings | 22 | €8,357 | €7,594 | -€763 | -9.1% |
| Plant, machinery and equipment | 23 | €2,254 | €1,683 | -€571 | -25.4% |
| Furniture and vehicles | 24 | €40,266 | €28,480 | -€11,786 | -29.3% |
| Current assets | 29/58 | €81,672 | €87,950 | +€6,278 | +7.7% |
| Amounts receivable within one year | 40/41 | €47,789 | €45,426 | -€2,362 | -4.9% |
| Trade receivables | 40 | €3,776 | €11,425 | +€7,649 | +203% |
| Other amounts receivable | 41 | €44,013 | €34,002 | -€10,011 | -22.7% |
| Cash at bank and in hand | 54/58 | €32,103 | €41,585 | +€9,483 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,780 | €938 | -€842 | -47.3% |
| Total equity and liabilities | 10/49 | €132,549 | €125,707 | -€6,842 | -5.2% |
| Equity | 10/15 | €57,978 | €82,737 | +€24,760 | +42.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,978 | €77,737 | +€24,760 | +46.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €52,978 | €77,737 | +€24,760 | +46.7% |
| Amounts payable | 17/49 | €74,571 | €42,969 | -€31,602 | -42.4% |
| Amounts payable after more than one year | 17 | €30,315 | €18,212 | -€12,103 | -39.9% |
| Financial debts | 170/4 | €30,315 | €18,212 | -€12,103 | -39.9% |
| Amounts payable within one year | 42/48 | €37,341 | €24,758 | -€12,583 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €11,515 | €12,103 | +€588 | +5.1% |
| Trade debts | 44 | €1,205 | €1,652 | +€447 | +37.1% |
| Suppliers | 440/4 | €1,205 | €1,652 | +€447 | +37.1% |
| Taxes, remuneration and social security | 45 | €24,620 | €11,002 | -€13,618 | -55.3% |
| Taxes | 450/3 | €24,620 | €10,762 | -€13,858 | -56.3% |
| Remuneration and social security | 454/9 | €0 | €239 | +€239 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,915 | €0 | -€6,915 | -100% |
| Turnover | 70 | €127,204 | €134,867 | +€7,663 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,348 | €77,794 | +€4,446 | +6.1% |
| Remuneration, social security and pensions | 62 | - | €9,258 | +€9,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,272 | €15,028 | -€245 | -1.6% |
| Other operating charges | 640/8 | €1,398 | €871 | -€527 | -37.7% |
| Gross operating margin | 9900 | €57,304 | €63,053 | +€5,750 | +10.0% |
| Operating profit (loss) | 9901 | €40,633 | €37,896 | -€2,736 | -6.7% |
| Financial income | 75/76B | €29 | €10 | -€19 | -65.7% |
| Recurring financial income | 75 | €29 | €10 | -€19 | -65.7% |
| Financial charges | 65/66B | €2,457 | €2,017 | -€440 | -17.9% |
| Recurring financial charges | 65 | €2,457 | €2,017 | -€440 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €38,205 | €35,890 | -€2,315 | -6.1% |
| Income taxes | 67/77 | €11,509 | €11,130 | -€379 | -3.3% |
| Profit (loss) for the period | 9904 | €26,696 | €24,760 | -€1,937 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,696 | €24,760 | -€1,937 | -7.3% |
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 13 October 2026 via checked.be.