E.De.L.Com: 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.De.L.Com
Largest movements
- Cash +€37,895
up €37,895 (+35.5%), from €106,617 to €144,512
mainly Net result for the year (+€62,910) and Tax, wage and social debts (+€1,679)
- Receivables within one year +€11,425
up €11,425 (+31.2%), from €36,578 to €48,003
of which Trade receivables: +€14,658
- Reserves +€47,510
up €47,510 (+46.0%), from €103,238 to €150,749
of which Distributable reserves: +€47,510
- Gross operating margin +€43,837
up €43,837 (+103.7%), from €42,282 to €86,119
- Taxes +€10,737
up €10,737 (+134.3%), from €7,997 to €18,734
- Financial charges +€973
up €973 (+51.6%), from €1,884 to €2,857
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 | €146,747 | €198,154 | +€51,407 | +35.0% |
| Fixed assets | 21/28 | €634 | €2,452 | +€1,818 | +286.7% |
| Tangible fixed assets | 22/27 | €634 | €2,452 | +€1,818 | +286.7% |
| Plant, machinery and equipment | 23 | €634 | €2,452 | +€1,818 | +286.7% |
| Current assets | 29/58 | €146,113 | €195,702 | +€49,589 | +33.9% |
| Stocks and contracts in progress | 3 | €1,324 | €1,056 | -€268 | -20.2% |
| Stocks | 30/36 | €1,324 | €1,056 | -€268 | -20.2% |
| Amounts receivable within one year | 40/41 | €36,578 | €48,003 | +€11,425 | +31.2% |
| Trade receivables | 40 | €32,275 | €46,933 | +€14,658 | +45.4% |
| Other amounts receivable | 41 | €4,303 | €1,070 | -€3,233 | -75.1% |
| Cash at bank and in hand | 54/58 | €106,617 | €144,512 | +€37,895 | +35.5% |
| Deferred charges and accrued income | 490/1 | €1,594 | €2,131 | +€537 | +33.7% |
| Total equity and liabilities | 10/49 | €146,747 | €198,154 | +€51,407 | +35.0% |
| Equity | 10/15 | €108,238 | €155,749 | +€47,510 | +43.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,238 | €150,749 | +€47,510 | +46.0% |
| Tax-exempt reserves | 132 | €2,415 | €2,415 | = | 0.0% |
| Distributable reserves | 133 | €100,823 | €148,333 | +€47,510 | +47.1% |
| Amounts payable | 17/49 | €38,509 | €42,406 | +€3,897 | +10.1% |
| Amounts payable within one year | 42/48 | €38,175 | €41,860 | +€3,685 | +9.7% |
| Trade debts | 44 | €6,804 | €8,122 | +€1,319 | +19.4% |
| Suppliers | 440/4 | €6,804 | €8,122 | +€1,319 | +19.4% |
| Taxes, remuneration and social security | 45 | €14,220 | €15,899 | +€1,679 | +11.8% |
| Taxes | 450/3 | €14,220 | €15,899 | +€1,679 | +11.8% |
| Other amounts payable | 47/48 | €17,151 | €17,838 | +€687 | +4.0% |
| Accrued charges and deferred income | 492/3 | €334 | €546 | +€212 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €974 | +€509 | +109.3% |
| Other operating charges | 640/8 | €572 | €658 | +€86 | +15.1% |
| Gross operating margin | 9900 | €42,282 | €86,119 | +€43,837 | +103.7% |
| Operating profit (loss) | 9901 | €41,245 | €84,487 | +€43,242 | +104.8% |
| Financial income | 75/76B | €181 | €14 | -€167 | -92.2% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +3615.8% |
| Non-recurring financial income | 76B | €181 | - | -€181 | |
| Financial charges | 65/66B | €1,884 | €2,857 | +€973 | +51.6% |
| Recurring financial charges | 65 | €1,884 | €2,857 | +€973 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €39,542 | €81,644 | +€42,102 | +106.5% |
| Income taxes | 67/77 | €7,997 | €18,734 | +€10,737 | +134.3% |
| Profit (loss) for the period | 9904 | €31,545 | €62,910 | +€31,365 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,545 | €62,910 | +€31,365 | +99.4% |
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.