E-D.U.: 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.U.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€61,155
up €61,155 (+16.2%), from €376,987 to €438,142
- Profit (loss) carried forward -€29,233
down €29,233 (-20.2%), from €144,702 to €115,470
- Other debts -€15,004
down €15,004 (-10.9%), from €138,246 to €123,241
- Current portion of long-term debt -€11,216
down €11,216 (-20.1%), from €55,734 to €44,517
- Financial income -€50,787
down €50,787 (-98.4%), from €51,607 to €820
- Gross operating margin -€796
down €796 (-4.8%), from -€16,563 to -€17,358
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 | €755,703 | €753,109 | -€2,594 | -0.3% |
| Fixed assets | 21/28 | €747,284 | €747,284 | = | 0.0% |
| Financial fixed assets | 28 | €747,284 | €747,284 | = | 0.0% |
| Current assets | 29/58 | €8,419 | €5,825 | -€2,594 | -30.8% |
| Amounts receivable within one year | 40/41 | €7,883 | €5,054 | -€2,829 | -35.9% |
| Trade receivables | 40 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Other amounts receivable | 41 | €1,883 | €54 | -€1,829 | -97.1% |
| Cash at bank and in hand | 54/58 | - | €771 | +€771 | |
| Deferred charges and accrued income | 490/1 | €536 | - | -€536 | |
| Total equity and liabilities | 10/49 | €755,703 | €753,109 | -€2,594 | -0.3% |
| Equity | 10/15 | €165,107 | €135,875 | -€29,233 | -17.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,702 | €115,470 | -€29,233 | -20.2% |
| Amounts payable | 17/49 | €590,595 | €617,234 | +€26,638 | +4.5% |
| Amounts payable after more than one year | 17 | €376,987 | €438,142 | +€61,155 | +16.2% |
| Financial debts | 170/4 | €376,987 | €438,142 | +€61,155 | +16.2% |
| Amounts payable within one year | 42/48 | €213,608 | €178,092 | -€35,517 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €55,734 | €44,517 | -€11,216 | -20.1% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €5,503 | €3,653 | -€1,850 | -33.6% |
| Suppliers | 440/4 | €5,503 | €3,653 | -€1,850 | -33.6% |
| Taxes, remuneration and social security | 45 | €14,107 | €6,680 | -€7,427 | -52.6% |
| Taxes | 450/3 | €12,617 | €5,190 | -€7,427 | -58.9% |
| Remuneration and social security | 454/9 | €1,490 | €1,490 | = | 0.0% |
| Other amounts payable | 47/48 | €138,246 | €123,241 | -€15,004 | -10.9% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €847 | €895 | +€48 | +5.7% |
| Gross operating margin | 9900 | -€16,563 | -€17,358 | -€796 | -4.8% |
| Operating profit (loss) | 9901 | -€17,409 | -€18,253 | -€844 | -4.8% |
| Financial income | 75/76B | €51,607 | €820 | -€50,787 | -98.4% |
| Recurring financial income | 75 | €51,607 | €820 | -€50,787 | -98.4% |
| Financial charges | 65/66B | €11,519 | €11,570 | +€51 | +0.4% |
| Recurring financial charges | 65 | €11,519 | €11,570 | +€51 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €22,679 | -€29,002 | -€51,682 | |
| Income taxes | 67/77 | €179 | €230 | +€51 | +28.4% |
| Profit (loss) for the period | 9904 | €22,500 | -€29,233 | -€51,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,500 | -€29,233 | -€51,733 |
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 9 October 2026 via checked.be.