E.D.H.L.: 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.H.L.
Largest movements
- Tangible fixed assets -€17,739
down €17,739 (-3.3%), from €530,939 to €513,200
- Reserves -€13,345
down €13,345 (-3.2%), from €418,996 to €405,651
of which Tax-exempt reserves: -€7,126
- Other operating charges +€1,865
up €1,865 (+59.2%), from €3,148 to €5,013
- Gross operating margin -€1,621
down €1,621 (-18.8%), from €8,627 to €7,006
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 | €545,133 | €530,206 | -€14,928 | -2.7% |
| Fixed assets | 21/28 | €530,939 | €513,200 | -€17,739 | -3.3% |
| Tangible fixed assets | 22/27 | €530,939 | €513,200 | -€17,739 | -3.3% |
| Land and buildings | 22 | €530,939 | €513,200 | -€17,739 | -3.3% |
| Current assets | 29/58 | €14,195 | €17,006 | +€2,812 | +19.8% |
| Amounts receivable within one year | 40/41 | €24 | €5,457 | +€5,433 | +22,274% |
| Other amounts receivable | 41 | €24 | €5,457 | +€5,433 | +22,274% |
| Cash at bank and in hand | 54/58 | €13,979 | €11,358 | -€2,621 | -18.7% |
| Deferred charges and accrued income | 490/1 | €191 | €191 | = | 0.0% |
| Total equity and liabilities | 10/49 | €545,133 | €530,206 | -€14,928 | -2.7% |
| Equity | 10/15 | €480,996 | €467,651 | -€13,345 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €418,996 | €405,651 | -€13,345 | -3.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,838 | €189,712 | -€7,126 | -3.6% |
| Distributable reserves | 133 | €215,957 | €209,739 | -€6,218 | -2.9% |
| Provisions and deferred taxes | 16 | €64,138 | €61,762 | -€2,375 | -3.7% |
| Deferred taxes | 168 | €64,138 | €61,762 | -€2,375 | -3.7% |
| Amounts payable | 17/49 | - | €793 | +€793 | |
| Amounts payable within one year | 42/48 | - | €793 | +€793 | |
| Trade debts | 44 | - | €733 | +€733 | |
| Suppliers | 440/4 | - | €733 | +€733 | |
| Other amounts payable | 47/48 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,739 | €17,739 | = | 0.0% |
| Other operating charges | 640/8 | €3,148 | €5,013 | +€1,865 | +59.2% |
| Gross operating margin | 9900 | €8,627 | €7,006 | -€1,621 | -18.8% |
| Operating profit (loss) | 9901 | -€12,261 | -€15,747 | -€3,486 | -28.4% |
| Financial income | 75/76B | €52 | €135 | +€83 | +162% |
| Recurring financial income | 75 | €52 | €135 | +€83 | +162% |
| Financial charges | 65/66B | €67 | €108 | +€41 | +61.7% |
| Recurring financial charges | 65 | €67 | €108 | +€41 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,276 | -€15,720 | -€3,444 | -28.1% |
| Transfer from deferred taxes | 780 | €2,375 | €2,375 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,901 | -€13,345 | -€3,444 | -34.8% |
| Transfer from tax-exempt reserves | 789 | €7,126 | €7,126 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,774 | -€6,218 | -€3,444 | -124% |
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 18 October 2026 via checked.be.