E-DEO: 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-DEO
Largest movements
- Receivables within one year -€37,497
down €37,497 (-25.1%), from €149,475 to €111,978
- Cash -€5,576
down €5,576 (-1.8%), from €306,322 to €300,746
mainly Tax, wage and social debts (-€38,956) and Trade debts (-€5,801)
- Tax, wage and social debts -€38,956
down €38,956 (-71.4%), from €54,583 to €15,627
of which Taxes: -€30,156
- Trade debts -€5,801
down €5,801 (-7.9%), from €73,846 to €68,044
- Gross operating margin -€56,636
down €56,636 (-88.3%), from €64,105 to €7,469
- Taxes -€15,867
down €15,867 (-85.0%), from €18,667 to €2,800
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 | €512,862 | €470,976 | -€41,886 | -8.2% |
| Fixed assets | 21/28 | €3,222 | €2,798 | -€424 | -13.2% |
| Tangible fixed assets | 22/27 | €3,222 | €2,798 | -€424 | -13.2% |
| Plant, machinery and equipment | 23 | €910 | €1,123 | +€213 | +23.4% |
| Furniture and vehicles | 24 | €2,312 | €1,675 | -€637 | -27.5% |
| Current assets | 29/58 | €509,640 | €468,177 | -€41,463 | -8.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,475 | €111,978 | -€37,497 | -25.1% |
| Trade receivables | 40 | €149,475 | €111,978 | -€37,497 | -25.1% |
| Cash at bank and in hand | 54/58 | €306,322 | €300,746 | -€5,576 | -1.8% |
| Deferred charges and accrued income | 490/1 | €3,843 | €5,454 | +€1,611 | +41.9% |
| Total equity and liabilities | 10/49 | €512,862 | €470,976 | -€41,886 | -8.2% |
| Equity | 10/15 | €373,367 | €375,823 | +€2,456 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €207,845 | €210,301 | +€2,456 | +1.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,153 | €1,153 | = | 0.0% |
| Distributable reserves | 133 | €200,492 | €202,948 | +€2,456 | +1.2% |
| Profit (loss) carried forward | 14 | €103,522 | €103,522 | = | 0.0% |
| Amounts payable | 17/49 | €139,495 | €95,153 | -€44,342 | -31.8% |
| Amounts payable within one year | 42/48 | €138,527 | €94,385 | -€44,142 | -31.9% |
| Trade debts | 44 | €73,846 | €68,044 | -€5,801 | -7.9% |
| Suppliers | 440/4 | €73,846 | €68,044 | -€5,801 | -7.9% |
| Taxes, remuneration and social security | 45 | €54,583 | €15,627 | -€38,956 | -71.4% |
| Taxes | 450/3 | €45,783 | €15,627 | -€30,156 | -65.9% |
| Remuneration and social security | 454/9 | €8,800 | €0 | -€8,800 | -100.0% |
| Other amounts payable | 47/48 | €10,098 | €10,713 | +€615 | +6.1% |
| Accrued charges and deferred income | 492/3 | €968 | €767 | -€200 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,174 | €1,721 | -€453 | -20.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €749 | €727 | -€21 | -2.8% |
| Gross operating margin | 9900 | €64,105 | €7,469 | -€56,636 | -88.3% |
| Operating profit (loss) | 9901 | €61,182 | €5,021 | -€56,162 | -91.8% |
| Financial income | 75/76B | €2,153 | €1,968 | -€184 | -8.6% |
| Recurring financial income | 75 | €2,153 | €1,968 | -€184 | -8.6% |
| Financial charges | 65/66B | €1,831 | €1,733 | -€98 | -5.4% |
| Recurring financial charges | 65 | €1,831 | €1,733 | -€98 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €61,504 | €5,256 | -€56,248 | -91.5% |
| Income taxes | 67/77 | €18,667 | €2,800 | -€15,867 | -85.0% |
| Profit (loss) for the period | 9904 | €42,837 | €2,456 | -€40,381 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,837 | €2,456 | -€40,381 | -94.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.