E.D.P.- I: 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.P.- I
Largest movements
- Stocks and contracts -€503,442
no longer reported in 2025 (was €503,442)
- Tangible fixed assets +€455,300
up €455,300 (+125%), from €365,265 to €820,564
of which Land and buildings: +€245,714
- Short-term financial debts -€23,986
no longer reported in 2025 (was €23,986)
- Debts after one year -€19,619
down €19,619 (-2.8%), from €703,835 to €684,216
of which Financial debts: -€50,529
- Depreciation +€30,190
up €30,190 (+168%), from €17,952 to €48,142
- Gross operating margin +€2,780
up €2,780 (+4.9%), from €57,322 to €60,102
- Financial charges -€2,774
down €2,774 (-19.5%), from €14,193 to €11,419
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 | €896,696 | €851,566 | -€45,130 | -5.0% |
| Fixed assets | 21/28 | €388,033 | €843,333 | +€455,300 | +117% |
| Tangible fixed assets | 22/27 | €365,265 | €820,564 | +€455,300 | +125% |
| Land and buildings | 22 | €352,105 | €597,819 | +€245,714 | +69.8% |
| Plant, machinery and equipment | 23 | €13,160 | €222,745 | +€209,586 | +1,593% |
| Financial fixed assets | 28 | €22,768 | €22,768 | = | 0.0% |
| Current assets | 29/58 | €508,663 | €8,233 | -€500,430 | -98.4% |
| Stocks and contracts in progress | 3 | €503,442 | - | -€503,442 | |
| Stocks | 30/36 | €503,442 | - | -€503,442 | |
| Amounts receivable within one year | 40/41 | €3,844 | €6,320 | +€2,476 | +64.4% |
| Other amounts receivable | 41 | €3,844 | €6,320 | +€2,476 | +64.4% |
| Cash at bank and in hand | 54/58 | €1,377 | €1,263 | -€113 | -8.2% |
| Deferred charges and accrued income | 490/1 | - | €650 | +€650 | |
| Total equity and liabilities | 10/49 | €896,696 | €851,566 | -€45,130 | -5.0% |
| Equity | 10/15 | €98,170 | €94,557 | -€3,614 | -3.7% |
| Contributions | 10/11 | €134,750 | €134,750 | = | 0.0% |
| Reserves | 13 | €3,471 | €3,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,471 | €3,471 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,471 | €3,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,050 | -€43,664 | -€3,614 | -9.0% |
| Amounts payable | 17/49 | €798,525 | €757,009 | -€41,516 | -5.2% |
| Amounts payable after more than one year | 17 | €703,835 | €684,216 | -€19,619 | -2.8% |
| Financial debts | 170/4 | €315,808 | €265,279 | -€50,529 | -16.0% |
| Other amounts payable | 178/9 | €388,026 | €418,936 | +€30,910 | +8.0% |
| Amounts payable within one year | 42/48 | €93,435 | €72,771 | -€20,664 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €49,834 | €51,461 | +€1,627 | +3.3% |
| Financial debts | 43 | €23,986 | - | -€23,986 | |
| Credit institutions | 430/8 | €23,986 | - | -€23,986 | |
| Trade debts | 44 | €3,451 | €5,146 | +€1,695 | +49.1% |
| Suppliers | 440/4 | €3,451 | €5,146 | +€1,695 | +49.1% |
| Other amounts payable | 47/48 | €16,165 | €16,165 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,255 | €22 | -€1,233 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,952 | €48,142 | +€30,190 | +168% |
| Other operating charges | 640/8 | €3,978 | €4,155 | +€177 | +4.5% |
| Gross operating margin | 9900 | €57,322 | €60,102 | +€2,780 | +4.9% |
| Operating profit (loss) | 9901 | €35,393 | €7,805 | -€27,587 | -77.9% |
| Financial charges | 65/66B | €14,193 | €11,419 | -€2,774 | -19.5% |
| Recurring financial charges | 65 | €14,193 | €11,419 | -€2,774 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €21,199 | -€3,614 | -€24,813 | |
| Profit (loss) for the period | 9904 | €21,199 | -€3,614 | -€24,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,199 | -€3,614 | -€24,813 |
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 20 October 2026 via checked.be.