ED GREEN: 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 GREEN
Largest movements
- Cash -€8,378
down €8,378 (-25.8%), from €32,437 to €24,059
mainly Contributions, distributions and other (-€5,400) and Other debts (-€3,554)
- Stocks and contracts +€1,650
up €1,650 (+47.1%), from €3,500 to €5,150
of which Stocks: +€1,150
- Tangible fixed assets +€593
up €593 (+7.3%), from €8,121 to €8,714
- Other debts -€3,554
down €3,554 (-13.0%), from €27,266 to €23,712
- Reserves -€2,250
down €2,250 (-23.3%), from €9,660 to €7,410
- Trade debts -€1,634
down €1,634 (-96.5%), from €1,693 to €59
- Tax, wage and social debts +€1,100
new in 2025: €1,100
- Gross operating margin +€3,236
up €3,236 (+70.3%), from €4,602 to €7,839
- Depreciation -€1,407
down €1,407 (-33.2%), from €4,234 to €2,828
- Taxes +€1,127
up €1,127, from -€27 to €1,100
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 | €55,759 | €49,444 | -€6,314 | -11.3% |
| Fixed assets | 21/28 | €8,121 | €8,714 | +€593 | +7.3% |
| Tangible fixed assets | 22/27 | €8,121 | €8,714 | +€593 | +7.3% |
| Plant, machinery and equipment | 23 | €8,121 | €8,714 | +€593 | +7.3% |
| Current assets | 29/58 | €47,638 | €40,731 | -€6,907 | -14.5% |
| Stocks and contracts in progress | 3 | €3,500 | €5,150 | +€1,650 | +47.1% |
| Stocks | 30/36 | €3,000 | €4,150 | +€1,150 | +38.3% |
| Contracts in progress | 37 | €500 | €1,000 | +€500 | +100% |
| Amounts receivable within one year | 40/41 | €11,184 | €10,938 | -€246 | -2.2% |
| Trade receivables | 40 | €10,062 | €10,191 | +€129 | +1.3% |
| Other amounts receivable | 41 | €1,122 | €747 | -€375 | -33.4% |
| Cash at bank and in hand | 54/58 | €32,437 | €24,059 | -€8,378 | -25.8% |
| Deferred charges and accrued income | 490/1 | €517 | €584 | +€67 | +13.0% |
| Total equity and liabilities | 10/49 | €55,759 | €49,444 | -€6,314 | -11.3% |
| Equity | 10/15 | €26,800 | €24,574 | -€2,226 | -8.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €9,660 | €7,410 | -€2,250 | -23.3% |
| Distributable reserves | 133 | €9,660 | €7,410 | -€2,250 | -23.3% |
| Profit (loss) carried forward | 14 | €9,140 | €9,164 | +€24 | +0.3% |
| Amounts payable | 17/49 | €28,959 | €24,870 | -€4,089 | -14.1% |
| Amounts payable within one year | 42/48 | €28,959 | €24,870 | -€4,089 | -14.1% |
| Trade debts | 44 | €1,693 | €59 | -€1,634 | -96.5% |
| Suppliers | 440/4 | €1,693 | €59 | -€1,634 | -96.5% |
| Taxes, remuneration and social security | 45 | - | €1,100 | +€1,100 | |
| Taxes | 450/3 | - | €1,100 | +€1,100 | |
| Other amounts payable | 47/48 | €27,266 | €23,712 | -€3,554 | -13.0% |
| Non-recurring operating income | 76A | - | €273 | +€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,234 | €2,828 | -€1,407 | -33.2% |
| Other operating charges | 640/8 | €631 | €647 | +€16 | +2.5% |
| Non-recurring operating charges | 66A | €101 | - | -€101 | |
| Gross operating margin | 9900 | €4,602 | €7,839 | +€3,236 | +70.3% |
| Operating profit (loss) | 9901 | -€364 | €4,364 | +€4,729 | |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€454 | €4,274 | +€4,729 | |
| Income taxes | 67/77 | -€27 | €1,100 | +€1,127 | |
| Profit (loss) for the period | 9904 | -€427 | €3,174 | +€3,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€427 | €3,174 | +€3,601 |
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 19 October 2026 via checked.be.