ED Finance: 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 Finance
Largest movements
- Receivables within one year +€71,616
up €71,616 (+5.5%), from €1.3m to €1.4m
of which Other amounts receivable: +€71,866
- Other debts +€144,520
up €144,520 (+9.1%), from €1.6m to €1.7m
- Accrued charges and deferred income -€42,143
down €42,143 (-100%), from €42,143 to €0
- Financial charges -€139,984
down €139,984 (-75.7%), from €184,900 to €44,916
of which Financial charges: -€95,984
- Gross operating margin -€96,086
down €96,086, from €91,867 to -€4,219
- Financial income +€24,595
up €24,595 (+100%), from €24,531 to €49,126
- Other operating charges -€2,479
down €2,479 (-71.6%), from €3,465 to €985
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 | €2,824,669 | €2,925,966 | +€101,297 | +3.6% |
| Fixed assets | 21/28 | €1,502,000 | €1,502,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,502,000 | €1,502,000 | = | 0.0% |
| Current assets | 29/58 | €1,322,669 | €1,423,966 | +€101,297 | +7.7% |
| Amounts receivable within one year | 40/41 | €1,301,898 | €1,373,514 | +€71,616 | +5.5% |
| Trade receivables | 40 | €250 | €0 | -€250 | -100% |
| Other amounts receivable | 41 | €1,301,648 | €1,373,514 | +€71,866 | +5.5% |
| Cash at bank and in hand | 54/58 | €726 | €2,107 | +€1,381 | +190% |
| Deferred charges and accrued income | 490/1 | €20,046 | €48,346 | +€28,300 | +141% |
| Total equity and liabilities | 10/49 | €2,824,669 | €2,925,966 | +€101,297 | +3.6% |
| Equity | 10/15 | €1,188,005 | €1,187,012 | -€994 | -0.1% |
| Contributions | 10/11 | €4,439,328 | €4,439,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,251,323 | -€3,252,316 | -€994 | 0.0% |
| Amounts payable | 17/49 | €1,636,664 | €1,738,955 | +€102,291 | +6.2% |
| Amounts payable within one year | 42/48 | €1,594,521 | €1,738,955 | +€144,433 | +9.1% |
| Trade debts | 44 | €960 | €874 | -€87 | -9.0% |
| Suppliers | 440/4 | €960 | €874 | -€87 | -9.0% |
| Other amounts payable | 47/48 | €1,593,561 | €1,738,081 | +€144,520 | +9.1% |
| Accrued charges and deferred income | 492/3 | €42,143 | €0 | -€42,143 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,465 | €985 | -€2,479 | -71.6% |
| Gross operating margin | 9900 | €91,867 | -€4,219 | -€96,086 | |
| Operating profit (loss) | 9901 | €88,402 | -€5,204 | -€93,606 | |
| Financial income | 75/76B | €24,531 | €49,126 | +€24,595 | +100% |
| Recurring financial income | 75 | €24,531 | €49,126 | +€24,595 | +100% |
| Financial charges | 65/66B | €184,900 | €44,916 | -€139,984 | -75.7% |
| Recurring financial charges | 65 | €140,900 | €44,916 | -€95,984 | -68.1% |
| Non-recurring financial charges | 66B | €44,000 | €0 | -€44,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€71,967 | -€994 | +€70,973 | +98.6% |
| Profit (loss) for the period | 9904 | -€71,967 | -€994 | +€70,973 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,967 | -€994 | +€70,973 | +98.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.