E.D. Projects: 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. Projects
Largest movements
- Cash +€6,856
up €6,856 (+22.4%), from €30,600 to €37,455
mainly Net result for the year (+€18,235) and Other debts (+€6,250)
- Other debts +€6,250
up €6,250 (+99.2%), from €6,300 to €12,550
- Tax, wage and social debts +€2,019
up €2,019 (+20.7%), from €9,774 to €11,793
- Trade debts -€1,814
down €1,814 (-83.7%), from €2,167 to €353
- Profit (loss) carried forward +€735
up €735 (+2.2%), from €33,064 to €33,799
- Gross operating margin +€18,341
up €18,341 (+224.4%), from €8,172 to €26,512
- Other operating charges -€7,023
down €7,023 (-92.3%), from €7,605 to €582
- Taxes +€6,579
up €6,579 (+1002.5%), from €656 to €7,235
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 | €58,123 | €65,312 | +€7,189 | +12.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €460 | €179 | -€281 | -61.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €460 | €179 | -€281 | -61.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €460 | €179 | -€281 | -61.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €57,662 | €65,133 | +€7,470 | +13.0% |
| Amounts receivable within one year | 40/41 | €27,063 | €27,678 | +€615 | +2.3% |
| Trade receivables | 40 | €21,900 | €23,310 | +€1,410 | +6.4% |
| Other amounts receivable | 41 | €5,162 | €4,367 | -€795 | -15.4% |
| Cash at bank and in hand | 54/58 | €30,600 | €37,455 | +€6,856 | +22.4% |
| Total equity and liabilities | 10/49 | €58,123 | €65,312 | +€7,189 | +12.4% |
| Equity | 10/15 | €39,881 | €40,616 | +€735 | +1.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,064 | €33,799 | +€735 | +2.2% |
| Amounts payable | 17/49 | €18,241 | €24,696 | +€6,454 | +35.4% |
| Amounts payable within one year | 42/48 | €18,241 | €24,696 | +€6,454 | +35.4% |
| Trade debts | 44 | €2,167 | €353 | -€1,814 | -83.7% |
| Suppliers | 440/4 | €2,167 | €353 | -€1,814 | -83.7% |
| Taxes, remuneration and social security | 45 | €9,774 | €11,793 | +€2,019 | +20.7% |
| Taxes | 450/3 | €9,774 | €11,793 | +€2,019 | +20.7% |
| Other amounts payable | 47/48 | €6,300 | €12,550 | +€6,250 | +99.2% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €1 | €1 | +€0 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €281 | = | 0.0% |
| Other operating charges | 640/8 | €7,605 | €582 | -€7,023 | -92.3% |
| Gross operating margin | 9900 | €8,172 | €26,512 | +€18,341 | +224.4% |
| Operating profit (loss) | 9901 | €286 | €25,649 | +€25,363 | +8878.0% |
| Financial charges | 65/66B | €161 | €179 | +€18 | +11.0% |
| Recurring financial charges | 65 | €161 | €179 | +€18 | +11.0% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €125 | €25,470 | +€25,346 | +20353.2% |
| Income taxes | 67/77 | €656 | €7,235 | +€6,579 | +1002.5% |
| Profit (loss) for the period | 9904 | -€532 | €18,235 | +€18,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€532 | €18,235 | +€18,767 |
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.