E.D.J.: what changed
Two fiscal 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.J.
Largest movements
- Cash -€51,273
down €51,273 (-40.7%), from €125,914 to €74,641
mainly Contributions, distributions and other (-€400,000) and Investment in fixed assets (net) (-€51,717)
- Reserves -€400,000
down €400,000 (-98.5%), from €406,200 to €6,200
- Other debts +€395,023
up €395,023 (+7936.3%), from €4,977 to €400,000
- Profit (loss) carried forward -€48,719
down €48,719 (-5.7%), from €854,958 to €806,239
- Taxes +€8,604
up €8,604, from -€2,690 to €5,914
- Financial charges +€8,486
up €8,486, from -€8,211 to €275
- Other operating charges +€1,370
up €1,370 (+33.0%), from €4,149 to €5,518
- Financial income +€794
up €794 (+7.4%), from €10,705 to €11,498
- Depreciation -€387
down €387 (-0.7%), from €58,929 to €58,542
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.
Cash bridge derived
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 | €1,391,350 | €1,345,158 | -€46,192 | -3.3% |
| Fixed assets | 21/28 | €458,925 | €452,100 | -€6,825 | -1.5% |
| Tangible fixed assets | 22/27 | €458,925 | €452,100 | -€6,825 | -1.5% |
| Land and buildings | 22 | €458,925 | €452,100 | -€6,825 | -1.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €932,425 | €893,058 | -€39,367 | -4.2% |
| Amounts receivable after more than one year | 29 | €111,239 | €114,319 | +€3,080 | +2.8% |
| Other amounts receivable | 291 | €111,239 | €114,319 | +€3,080 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,293 | €4,804 | +€2,511 | +109.5% |
| Other amounts receivable | 41 | €2,293 | €4,804 | +€2,511 | +109.5% |
| Current investments | 50/53 | €687,258 | €692,028 | +€4,770 | +0.7% |
| Cash at bank and in hand | 54/58 | €125,914 | €74,641 | -€51,273 | -40.7% |
| Deferred charges and accrued income | 490/1 | €5,721 | €7,266 | +€1,544 | +27.0% |
| Total equity and liabilities | 10/49 | €1,391,350 | €1,345,158 | -€46,192 | -3.3% |
| Equity | 10/15 | €1,323,158 | €874,439 | -€448,719 | -33.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €406,200 | €6,200 | -€400,000 | -98.5% |
| Distributable reserves | 133 | €406,200 | €6,200 | -€400,000 | -98.5% |
| Profit (loss) carried forward | 14 | €854,958 | €806,239 | -€48,719 | -5.7% |
| Provisions and deferred taxes | 16 | €56,989 | €56,989 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,989 | €56,989 | = | 0.0% |
| Pensions and similar obligations | 160 | €56,989 | €56,989 | = | 0.0% |
| Amounts payable | 17/49 | €11,203 | €413,730 | +€402,527 | +3593.0% |
| Amounts payable within one year | 42/48 | €11,203 | €413,730 | +€402,527 | +3593.0% |
| Trade debts | 44 | €6,226 | €6,729 | +€504 | +8.1% |
| Suppliers | 440/4 | €6,226 | €6,729 | +€504 | +8.1% |
| Taxes, remuneration and social security | 45 | €0 | €7,001 | +€7,001 | |
| Taxes | 450/3 | €0 | €7,001 | +€7,001 | |
| Other amounts payable | 47/48 | €4,977 | €400,000 | +€395,023 | +7936.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,929 | €58,542 | -€387 | -0.7% |
| Other operating charges | 640/8 | €4,149 | €5,518 | +€1,370 | +33.0% |
| Gross operating margin | 9900 | €10,403 | €10,032 | -€372 | -3.6% |
| Operating profit (loss) | 9901 | -€52,674 | -€54,029 | -€1,354 | -2.6% |
| Financial income | 75/76B | €10,705 | €11,498 | +€794 | +7.4% |
| Recurring financial income | 75 | €10,705 | €11,498 | +€794 | +7.4% |
| Financial charges | 65/66B | -€8,211 | €275 | +€8,486 | |
| Recurring financial charges | 65 | -€8,211 | €275 | +€8,486 | |
| Profit (loss) for the period before taxes | 9903 | -€33,758 | -€42,805 | -€9,047 | -26.8% |
| Income taxes | 67/77 | -€2,690 | €5,914 | +€8,604 | |
| Profit (loss) for the period | 9904 | -€31,069 | -€48,719 | -€17,650 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,069 | -€48,719 | -€17,650 | -56.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.