ED DEDRIE: 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.
ED DEDRIE
Largest movements
- Tangible fixed assets -€10,744
down €10,744 (-5.8%), from €185,328 to €174,584
of which Furniture and vehicles: -€5,884
- Receivables within one year +€6,617
up €6,617 (+184%), from €3,602 to €10,219
of which Trade receivables: +€6,617
- Cash -€3,433
down €3,433 (-40.2%), from €8,538 to €5,105
mainly Other debts (-€29,724) and Receivables within one year (-€6,617)
- Other debts -€29,724
down €29,724 (-92.1%), from €32,285 to €2,562
- Reserves +€21,186
up €21,186 (+12.0%), from €177,152 to €198,338
of which Distributable reserves: +€21,186
- Tax, wage and social debts +€2,904
up €2,904 (+205%), from €1,419 to €4,323
- Gross operating margin +€17,475
up €17,475 (+56.8%), from €30,769 to €48,244
- Taxes +€5,576
up €5,576 (+97.5%), from €5,718 to €11,294
- Financial charges -€1,446
down €1,446 (-48.2%), from €2,997 to €1,551
- Depreciation -€567
down €567 (-4.6%), from €12,441 to €11,873
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 | €235,775 | €228,074 | -€7,701 | -3.3% |
| Fixed assets | 21/28 | €185,328 | €174,584 | -€10,744 | -5.8% |
| Tangible fixed assets | 22/27 | €185,328 | €174,584 | -€10,744 | -5.8% |
| Land and buildings | 22 | €171,667 | €167,273 | -€4,394 | -2.6% |
| Plant, machinery and equipment | 23 | €1,394 | €928 | -€467 | -33.5% |
| Furniture and vehicles | 24 | €12,267 | €6,383 | -€5,884 | -48.0% |
| Current assets | 29/58 | €50,447 | €53,491 | +€3,043 | +6.0% |
| Amounts receivable after more than one year | 29 | €36,304 | €36,304 | = | 0.0% |
| Other amounts receivable | 291 | €36,304 | €36,304 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,602 | €10,219 | +€6,617 | +184% |
| Trade receivables | 40 | €1,320 | €7,937 | +€6,617 | +501% |
| Other amounts receivable | 41 | €2,282 | €2,282 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,538 | €5,105 | -€3,433 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,004 | €1,863 | -€140 | -7.0% |
| Total equity and liabilities | 10/49 | €235,775 | €228,074 | -€7,701 | -3.3% |
| Equity | 10/15 | €195,752 | €216,938 | +€21,186 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,152 | €198,338 | +€21,186 | +12.0% |
| Tax-exempt reserves | 132 | €9,699 | €9,699 | = | 0.0% |
| Distributable reserves | 133 | €167,452 | €188,639 | +€21,186 | +12.7% |
| Amounts payable | 17/49 | €40,024 | €11,136 | -€28,887 | -72.2% |
| Amounts payable after more than one year | 17 | €1,559 | - | -€1,559 | |
| Financial debts | 170/4 | €1,559 | - | -€1,559 | |
| Amounts payable within one year | 42/48 | €38,465 | €11,136 | -€27,329 | -71.0% |
| Current portion of amounts payable after more than one year | 42 | €4,677 | €4,252 | -€426 | -9.1% |
| Trade debts | 44 | €83 | - | -€83 | |
| Suppliers | 440/4 | €83 | - | -€83 | |
| Taxes, remuneration and social security | 45 | €1,419 | €4,323 | +€2,904 | +205% |
| Taxes | 450/3 | €1,419 | €4,323 | +€2,904 | +205% |
| Other amounts payable | 47/48 | €32,285 | €2,562 | -€29,724 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,441 | €11,873 | -€567 | -4.6% |
| Other operating charges | 640/8 | €2,048 | €2,361 | +€313 | +15.3% |
| Gross operating margin | 9900 | €30,769 | €48,244 | +€17,475 | +56.8% |
| Operating profit (loss) | 9901 | €16,281 | €34,010 | +€17,729 | +109% |
| Financial income | 75/76B | €0 | €22 | +€21 | +107,400% |
| Recurring financial income | 75 | €0 | €22 | +€21 | +107,400% |
| Financial charges | 65/66B | €2,997 | €1,551 | -€1,446 | -48.2% |
| Recurring financial charges | 65 | €2,997 | €1,551 | -€1,446 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €13,284 | €32,481 | +€19,197 | +145% |
| Income taxes | 67/77 | €5,718 | €11,294 | +€5,576 | +97.5% |
| Profit (loss) for the period | 9904 | €7,565 | €21,186 | +€13,621 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €7,565 | €21,186 | +€13,621 | +180% |
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.