E & D SOFTWARE: 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 SOFTWARE
Largest movements
- Current investments +€25,681
up €25,681 (+18.4%), from €139,443 to €165,124
- Receivables within one year +€7,683
up €7,683 (+15.4%), from €49,739 to €57,422
of which Trade receivables: +€7,684
- Other debts +€70,325
up €70,325 (+89.5%), from €78,608 to €148,933
- Reserves -€61,362
down €61,362 (-21.8%), from €281,998 to €220,636
- Tax, wage and social debts +€24,952
up €24,952 (+116.7%), from €21,390 to €46,342
of which Taxes: +€24,901
- Financial income +€40,647
up €40,647 (+5510.8%), from €738 to €41,385
of which Non-recurring financial income: +€41,045
- Gross operating margin +€35,992
up €35,992 (+39.8%), from €90,400 to €126,392
- Financial charges -€32,063
down €32,063 (-100.0%), from €32,076 to €13
- Taxes +€11,415
up €11,415 (+66.9%), from €17,068 to €28,483
- Depreciation +€1,408
up €1,408 (+9.7%), from €14,458 to €15,866
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 | €401,586 | €439,448 | +€37,862 | +9.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €57,985 | €61,741 | +€3,756 | +6.5% |
| Tangible fixed assets | 22/27 | €57,985 | €61,741 | +€3,756 | +6.5% |
| Plant, machinery and equipment | 23 | €8,909 | €17,091 | +€8,182 | +91.8% |
| Furniture and vehicles | 24 | €49,076 | €41,250 | -€7,826 | -15.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €3,400 | +€3,400 | |
| Current assets | 29/58 | €343,601 | €377,707 | +€34,107 | +9.9% |
| Amounts receivable within one year | 40/41 | €49,739 | €57,422 | +€7,683 | +15.4% |
| Trade receivables | 40 | €46,585 | €54,269 | +€7,684 | +16.5% |
| Other amounts receivable | 41 | €3,154 | €3,153 | -€0 | 0.0% |
| Current investments | 50/53 | €139,443 | €165,124 | +€25,681 | +18.4% |
| Cash at bank and in hand | 54/58 | €154,419 | €155,161 | +€742 | +0.5% |
| Total equity and liabilities | 10/49 | €401,586 | €439,448 | +€37,862 | +9.4% |
| Equity | 10/15 | €294,398 | €236,837 | -€57,562 | -19.6% |
| Contributions | 10/11 | €12,400 | €16,200 | +€3,800 | +30.6% |
| Reserves | 13 | €281,998 | €220,636 | -€61,362 | -21.8% |
| Non-distributable reserves | 130/1 | €3,800 | - | -€3,800 | |
| Reserves not available under the articles | 1311 | €3,800 | - | -€3,800 | |
| Tax-exempt reserves | 132 | €29,170 | - | -€29,170 | |
| Distributable reserves | 133 | €249,028 | €220,636 | -€28,392 | -11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €107,187 | €202,612 | +€95,424 | +89.0% |
| Amounts payable within one year | 42/48 | €107,187 | €202,612 | +€95,424 | +89.0% |
| Trade debts | 44 | €7,189 | €7,337 | +€147 | +2.0% |
| Suppliers | 440/4 | €7,189 | €7,337 | +€147 | +2.0% |
| Taxes, remuneration and social security | 45 | €21,390 | €46,342 | +€24,952 | +116.7% |
| Taxes | 450/3 | €21,390 | €46,292 | +€24,901 | +116.4% |
| Remuneration and social security | 454/9 | - | €51 | +€51 | |
| Other amounts payable | 47/48 | €78,608 | €148,933 | +€70,325 | +89.5% |
| Non-recurring operating income | 76A | - | €161 | +€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,458 | €15,866 | +€1,408 | +9.7% |
| Other operating charges | 640/8 | €926 | €738 | -€188 | -20.3% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Gross operating margin | 9900 | €90,400 | €126,392 | +€35,992 | +39.8% |
| Operating profit (loss) | 9901 | €74,963 | €109,788 | +€34,825 | +46.5% |
| Financial income | 75/76B | €738 | €41,385 | +€40,647 | +5510.8% |
| Recurring financial income | 75 | €738 | €340 | -€397 | -53.9% |
| Non-recurring financial income | 76B | - | €41,045 | +€41,045 | |
| Financial charges | 65/66B | €32,076 | €13 | -€32,063 | -100.0% |
| Recurring financial charges | 65 | €32,076 | €13 | -€32,063 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €43,624 | €151,160 | +€107,536 | +246.5% |
| Income taxes | 67/77 | €17,068 | €28,483 | +€11,415 | +66.9% |
| Profit (loss) for the period | 9904 | €26,557 | €122,678 | +€96,121 | +361.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,557 | €122,678 | +€96,121 | +361.9% |
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 30 September 2026 via checked.be.