E-DELIVERY MANAGEMENT: what changed
E-DELIVERY MANAGEMENT
Largest movements
- Cash -€76,793
down €76,793 (-63.5%), from €121,014 to €44,221
mainly Net result for the year (-€126,211) and Tax, wage and social debts (-€9,156)
- Tangible fixed assets -€40,874
down €40,874 (-36.7%), from €111,338 to €70,464
- Receivables within one year -€19,976
down €19,976 (-8.1%), from €246,862 to €226,886
of which Trade receivables: -€17,844
- Financial fixed assets +€11,540
up €11,540 (+16.4%), from €70,575 to €82,115
- Deferred charges and accrued income +€5,587
new in 2025: €5,587
- Profit (loss) carried forward -€126,211
down €126,211 (-41.1%), from €306,763 to €180,552
- Trade debts +€12,350
up €12,350 (+7.6%), from €162,272 to €174,621
- Tax, wage and social debts -€9,156
down €9,156 (-15.3%), from €59,884 to €50,729
of which Taxes: -€19,829
- Turnover -€1.9m
no longer reported in 2025 (was €1.9m)
- Purchases and services -€1.5m
no longer reported in 2025 (was €1.5m)
- Staff costs +€167,263
up €167,263 (+40.1%), from €416,935 to €584,198
- Gross operating margin +€138,922
up €138,922 (+32.1%), from €433,084 to €572,007
- Other operating charges +€53,899
up €53,899 (+444%), from €12,151 to €66,050
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,789 | €429,272 | -€120,517 | -21.9% |
| Fixed assets | 21/28 | €181,913 | €152,579 | -€29,334 | -16.1% |
| Tangible fixed assets | 22/27 | €111,338 | €70,464 | -€40,874 | -36.7% |
| Furniture and vehicles | 24 | €111,338 | €70,464 | -€40,874 | -36.7% |
| Financial fixed assets | 28 | €70,575 | €82,115 | +€11,540 | +16.4% |
| Current assets | 29/58 | €367,875 | €276,693 | -€91,182 | -24.8% |
| Amounts receivable within one year | 40/41 | €246,862 | €226,886 | -€19,976 | -8.1% |
| Trade receivables | 40 | €221,816 | €203,972 | -€17,844 | -8.0% |
| Other amounts receivable | 41 | €25,045 | €22,914 | -€2,131 | -8.5% |
| Cash at bank and in hand | 54/58 | €121,014 | €44,221 | -€76,793 | -63.5% |
| Deferred charges and accrued income | 490/1 | - | €5,587 | +€5,587 | |
| Total equity and liabilities | 10/49 | €549,789 | €429,272 | -€120,517 | -21.9% |
| Equity | 10/15 | €307,763 | €181,552 | -€126,211 | -41.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,763 | €180,552 | -€126,211 | -41.1% |
| Amounts payable | 17/49 | €242,026 | €247,721 | +€5,694 | +2.4% |
| Amounts payable within one year | 42/48 | €242,026 | €247,721 | +€5,694 | +2.4% |
| Trade debts | 44 | €162,272 | €174,621 | +€12,350 | +7.6% |
| Suppliers | 440/4 | €162,272 | €174,621 | +€12,350 | +7.6% |
| Taxes, remuneration and social security | 45 | €59,884 | €50,729 | -€9,156 | -15.3% |
| Taxes | 450/3 | €31,287 | €11,458 | -€19,829 | -63.4% |
| Remuneration and social security | 454/9 | €28,597 | €39,270 | +€10,673 | +37.3% |
| Other amounts payable | 47/48 | €19,871 | €22,371 | +€2,500 | +12.6% |
| Turnover | 70 | €1,855,910 | - | -€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,516,175 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €416,935 | €584,198 | +€167,263 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,764 | €31,117 | -€24,646 | -44.2% |
| Other operating charges | 640/8 | €12,151 | €66,050 | +€53,899 | +444% |
| Gross operating margin | 9900 | €433,084 | €572,007 | +€138,922 | +32.1% |
| Operating profit (loss) | 9901 | -€51,765 | -€109,358 | -€57,593 | -111% |
| Financial income | 75/76B | €1,424 | €129 | -€1,295 | -90.9% |
| Recurring financial income | 75 | €4 | €129 | +€126 | +3,425% |
| Non-recurring financial income | 76B | €1,420 | - | -€1,420 | |
| Financial charges | 65/66B | €588 | €405 | -€183 | -31.2% |
| Recurring financial charges | 65 | €588 | €405 | -€183 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,929 | -€109,633 | -€58,704 | -115% |
| Income taxes | 67/77 | €4,321 | €16,578 | +€12,256 | +284% |
| Profit (loss) for the period | 9904 | -€55,250 | -€126,211 | -€70,961 | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,250 | -€126,211 | -€70,961 | -128% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.