E.DESIGN: 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.DESIGN
Largest movements
- Tangible fixed assets +€79,291
up €79,291 (+7.2%), from €1.1m to €1.2m
of which Land and buildings: +€123,345
- Cash +€32,485
up €32,485 (+173%), from €18,735 to €51,220
mainly Depreciation (+€95,880) and Net result for the year (+€92,611)
- Reserves +€92,611
up €92,611 (+24.1%), from €384,493 to €477,104
of which Distributable reserves: +€92,611
- Current portion of long-term debt +€26,300
up €26,300 (+33.2%), from €79,197 to €105,497
- Debts after one year +€21,264
up €21,264 (+3.8%), from €555,583 to €576,848
- Other debts -€16,230
no longer reported in 2025 (was €16,230)
- Gross operating margin +€62,346
up €62,346 (+32.1%), from €194,089 to €256,435
- Depreciation +€16,740
up €16,740 (+21.2%), from €79,140 to €95,880
- Taxes +€9,664
up €9,664 (+33.7%), from €28,656 to €38,320
- Financial charges +€8,707
up €8,707 (+57.7%), from €15,085 to €23,792
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 | €1,118,663 | €1,253,472 | +€134,809 | +12.1% |
| Fixed assets | 21/28 | €1,094,975 | €1,174,266 | +€79,291 | +7.2% |
| Tangible fixed assets | 22/27 | €1,094,975 | €1,174,266 | +€79,291 | +7.2% |
| Land and buildings | 22 | €793,355 | €916,699 | +€123,345 | +15.5% |
| Plant, machinery and equipment | 23 | €13,203 | €10,430 | -€2,773 | -21.0% |
| Furniture and vehicles | 24 | €28,606 | €21,794 | -€6,812 | -23.8% |
| Other tangible fixed assets | 26 | €259,811 | €225,343 | -€34,469 | -13.3% |
| Current assets | 29/58 | €23,688 | €79,206 | +€55,518 | +234% |
| Amounts receivable within one year | 40/41 | €4,953 | €16,743 | +€11,790 | +238% |
| Trade receivables | 40 | €4,953 | €11,081 | +€6,128 | +124% |
| Other amounts receivable | 41 | - | €5,662 | +€5,662 | |
| Cash at bank and in hand | 54/58 | €18,735 | €51,220 | +€32,485 | +173% |
| Deferred charges and accrued income | 490/1 | - | €11,243 | +€11,243 | |
| Total equity and liabilities | 10/49 | €1,118,663 | €1,253,472 | +€134,809 | +12.1% |
| Equity | 10/15 | €403,093 | €495,704 | +€92,611 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €384,493 | €477,104 | +€92,611 | +24.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €382,633 | €475,244 | +€92,611 | +24.2% |
| Amounts payable | 17/49 | €715,569 | €757,767 | +€42,198 | +5.9% |
| Amounts payable after more than one year | 17 | €555,583 | €576,848 | +€21,264 | +3.8% |
| Financial debts | 170/4 | €555,583 | €576,848 | +€21,264 | +3.8% |
| Amounts payable within one year | 42/48 | €159,986 | €180,920 | +€20,934 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €79,197 | €105,497 | +€26,300 | +33.2% |
| Trade debts | 44 | €16,305 | €19,077 | +€2,772 | +17.0% |
| Suppliers | 440/4 | €16,305 | €19,077 | +€2,772 | +17.0% |
| Taxes, remuneration and social security | 45 | €48,255 | €56,346 | +€8,092 | +16.8% |
| Taxes | 450/3 | €48,255 | €56,346 | +€8,092 | +16.8% |
| Other amounts payable | 47/48 | €16,230 | - | -€16,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,140 | €95,880 | +€16,740 | +21.2% |
| Other operating charges | 640/8 | €4,426 | €5,906 | +€1,479 | +33.4% |
| Non-recurring operating charges | 66A | €1,796 | - | -€1,796 | |
| Gross operating margin | 9900 | €194,089 | €256,435 | +€62,346 | +32.1% |
| Operating profit (loss) | 9901 | €108,726 | €154,648 | +€45,922 | +42.2% |
| Financial income | 75/76B | €200 | €74 | -€126 | -62.9% |
| Recurring financial income | 75 | €200 | €74 | -€126 | -62.9% |
| Financial charges | 65/66B | €15,085 | €23,792 | +€8,707 | +57.7% |
| Recurring financial charges | 65 | €15,085 | €23,792 | +€8,707 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €93,841 | €130,931 | +€37,090 | +39.5% |
| Income taxes | 67/77 | €28,656 | €38,320 | +€9,664 | +33.7% |
| Profit (loss) for the period | 9904 | €65,185 | €92,611 | +€27,426 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,185 | €92,611 | +€27,426 | +42.1% |
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 13 October 2026 via checked.be.