E.D.K.: 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.K.
Largest movements
- Tangible fixed assets -€124,888
down €124,888 (-18.0%), from €693,375 to €568,487
of which Land and buildings: -€109,099
- Receivables within one year -€56,046
down €56,046 (-56.5%), from €99,272 to €43,226
of which Other amounts receivable: -€56,094
- Cash +€26,632
up €26,632 (+10.7%), from €249,178 to €275,811
mainly Net result for the year (+€148,612) and Depreciation (+€124,752)
- Deferred charges and accrued income -€24,246
down €24,246 (-55.4%), from €43,765 to €19,519
- Profit (loss) carried forward -€176,455
down €176,455 (-100.0%), from €176,455 to €0
- Debts after one year -€118,845
down €118,845 (-36.0%), from €330,016 to €211,171
- Reserves +€90,067
up €90,067 (+270.0%), from €33,364 to €123,431
of which Distributable reserves: +€90,067
- Other debts +€75,045
up €75,045 (+17628.7%), from €426 to €75,471
- Trade debts -€47,844
down €47,844 (-16.9%), from €283,544 to €235,700
- Staff costs -€536,713
down €536,713 (-34.8%), from €1.5m to €1.0m
- Gross operating margin -€427,809
down €427,809 (-23.8%), from €1.8m to €1.4m
- Depreciation -€56,812
down €56,812 (-31.3%), from €181,564 to €124,752
- Taxes +€21,972
up €21,972 (+242.2%), from €9,071 to €31,043
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 | €1,108,874 | €931,763 | -€177,111 | -16.0% |
| Fixed assets | 21/28 | €694,255 | €569,082 | -€125,174 | -18.0% |
| Intangible fixed assets | 21 | €286 | €0 | -€286 | -100.0% |
| Tangible fixed assets | 22/27 | €693,375 | €568,487 | -€124,888 | -18.0% |
| Land and buildings | 22 | €625,850 | €516,750 | -€109,099 | -17.4% |
| Plant, machinery and equipment | 23 | €59,287 | €46,938 | -€12,349 | -20.8% |
| Furniture and vehicles | 24 | €8,238 | €4,798 | -€3,440 | -41.8% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €414,618 | €362,681 | -€51,937 | -12.5% |
| Stocks and contracts in progress | 3 | €22,403 | €24,125 | +€1,722 | +7.7% |
| Stocks | 30/36 | €22,403 | €24,125 | +€1,722 | +7.7% |
| Amounts receivable within one year | 40/41 | €99,272 | €43,226 | -€56,046 | -56.5% |
| Trade receivables | 40 | €42,576 | €42,624 | +€48 | +0.1% |
| Other amounts receivable | 41 | €56,696 | €602 | -€56,094 | -98.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €249,178 | €275,811 | +€26,632 | +10.7% |
| Deferred charges and accrued income | 490/1 | €43,765 | €19,519 | -€24,246 | -55.4% |
| Total equity and liabilities | 10/49 | €1,108,874 | €931,763 | -€177,111 | -16.0% |
| Equity | 10/15 | €228,412 | €142,023 | -€86,388 | -37.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €33,364 | €123,431 | +€90,067 | +270.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €31,505 | €31,505 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €91,926 | +€90,067 | +4844.4% |
| Profit (loss) carried forward | 14 | €176,455 | €0 | -€176,455 | -100.0% |
| Amounts payable | 17/49 | €880,462 | €789,740 | -€90,722 | -10.3% |
| Amounts payable after more than one year | 17 | €330,016 | €211,171 | -€118,845 | -36.0% |
| Financial debts | 170/4 | €330,016 | €211,171 | -€118,845 | -36.0% |
| Amounts payable within one year | 42/48 | €546,336 | €576,720 | +€30,383 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €117,537 | €118,845 | +€1,308 | +1.1% |
| Trade debts | 44 | €283,544 | €235,700 | -€47,844 | -16.9% |
| Suppliers | 440/4 | €283,544 | €235,700 | -€47,844 | -16.9% |
| Taxes, remuneration and social security | 45 | €144,830 | €146,703 | +€1,874 | +1.3% |
| Taxes | 450/3 | €12,838 | €15,259 | +€2,421 | +18.9% |
| Remuneration and social security | 454/9 | €131,992 | €131,444 | -€547 | -0.4% |
| Other amounts payable | 47/48 | €426 | €75,471 | +€75,045 | +17628.7% |
| Accrued charges and deferred income | 492/3 | €4,110 | €1,850 | -€2,260 | -55.0% |
| Non-recurring operating income | 76A | - | €1,110 | +€1,110 | |
| Remuneration, social security and pensions | 62 | €1,543,519 | €1,006,806 | -€536,713 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,564 | €124,752 | -€56,812 | -31.3% |
| Other operating charges | 640/8 | €39,150 | €25,378 | -€13,772 | -35.2% |
| Non-recurring operating charges | 66A | €527 | €19,673 | +€19,146 | +3631.5% |
| Gross operating margin | 9900 | €1,795,491 | €1,367,682 | -€427,809 | -23.8% |
| Operating profit (loss) | 9901 | €30,730 | €191,073 | +€160,343 | +521.8% |
| Financial income | 75/76B | €3,895 | €29 | -€3,867 | -99.3% |
| Recurring financial income | 75 | €3,895 | €29 | -€3,867 | -99.3% |
| Financial charges | 65/66B | €20,833 | €11,448 | -€9,385 | -45.0% |
| Recurring financial charges | 65 | €20,833 | €11,448 | -€9,385 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €13,793 | €179,654 | +€165,861 | +1202.5% |
| Income taxes | 67/77 | €9,071 | €31,043 | +€21,972 | +242.2% |
| Profit (loss) for the period | 9904 | €4,723 | €148,612 | +€143,889 | +3046.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,723 | €148,612 | +€143,889 | +3046.8% |
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 3 October 2026 via checked.be.