E-dem: 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-dem
Largest movements
- Cash -€74,748
down €74,748 (-90.2%), from €82,854 to €8,106
mainly Accrued charges and deferred income (-€35,840) and Tax, wage and social debts (-€29,027)
- Tangible fixed assets -€4,162
down €4,162 (-26.9%), from €15,451 to €11,289
of which Leasing and similar rights: -€8,129
- Accrued charges and deferred income -€35,840
no longer reported in 2025 (was €35,840)
- Tax, wage and social debts -€29,027
down €29,027 (-71.8%), from €40,441 to €11,414
of which Taxes: -€19,027
- Current portion of long-term debt -€14,875
no longer reported in 2025 (was €14,875)
- Gross operating margin -€12,007
down €12,007 (-58.1%), from €20,678 to €8,671
- Depreciation -€9,780
down €9,780 (-65.3%), from €14,988 to €5,208
- Taxes -€608
down €608 (-37.4%), from €1,629 to €1,020
- Other operating charges -€514
down €514 (-33.6%), from €1,531 to €1,017
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.
Derived cash bridge
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 | €119,811 | €41,560 | -€78,252 | -65.3% |
| Fixed assets | 21/28 | €15,551 | €11,346 | -€4,205 | -27.0% |
| Tangible fixed assets | 22/27 | €15,451 | €11,289 | -€4,162 | -26.9% |
| Furniture and vehicles | 24 | €7,322 | €11,289 | +€3,967 | +54.2% |
| Leasing and similar rights | 25 | €8,129 | - | -€8,129 | |
| Financial fixed assets | 28 | €100 | €56 | -€43 | -43.5% |
| Current assets | 29/58 | €104,260 | €30,214 | -€74,047 | -71.0% |
| Amounts receivable within one year | 40/41 | €19,490 | €20,129 | +€639 | +3.3% |
| Trade receivables | 40 | €17,401 | €11,120 | -€6,282 | -36.1% |
| Other amounts receivable | 41 | €2,089 | €9,010 | +€6,921 | +331% |
| Cash at bank and in hand | 54/58 | €82,854 | €8,106 | -€74,748 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,916 | €1,978 | +€62 | +3.2% |
| Total equity and liabilities | 10/49 | €119,811 | €41,560 | -€78,252 | -65.3% |
| Equity | 10/15 | €24,808 | €25,744 | +€936 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,186 | €2,186 | = | 0.0% |
| Distributable reserves | 133 | €2,186 | €2,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,422 | €17,358 | +€936 | +5.7% |
| Amounts payable | 17/49 | €95,003 | €15,816 | -€79,187 | -83.4% |
| Amounts payable within one year | 42/48 | €59,163 | €15,816 | -€43,347 | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €14,875 | - | -€14,875 | |
| Trade debts | 44 | €3,847 | €4,277 | +€430 | +11.2% |
| Suppliers | 440/4 | €3,847 | €4,277 | +€430 | +11.2% |
| Taxes, remuneration and social security | 45 | €40,441 | €11,414 | -€29,027 | -71.8% |
| Taxes | 450/3 | €30,441 | €11,414 | -€19,027 | -62.5% |
| Remuneration and social security | 454/9 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | - | €125 | +€125 | |
| Accrued charges and deferred income | 492/3 | €35,840 | - | -€35,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,988 | €5,208 | -€9,780 | -65.3% |
| Other operating charges | 640/8 | €1,531 | €1,017 | -€514 | -33.6% |
| Gross operating margin | 9900 | €20,678 | €8,671 | -€12,007 | -58.1% |
| Operating profit (loss) | 9901 | €4,159 | €2,446 | -€1,713 | -41.2% |
| Financial income | 75/76B | €188 | €128 | -€60 | -31.9% |
| Recurring financial income | 75 | €188 | €128 | -€60 | -31.9% |
| Financial charges | 65/66B | €703 | €618 | -€84 | -12.0% |
| Recurring financial charges | 65 | €703 | €618 | -€84 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €3,645 | €1,956 | -€1,689 | -46.3% |
| Income taxes | 67/77 | €1,629 | €1,020 | -€608 | -37.4% |
| Profit (loss) for the period | 9904 | €2,016 | €936 | -€1,080 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,016 | €936 | -€1,080 | -53.6% |
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 14 October 2026 via checked.be.