ED Invest: what changed
What changed
ED Invest
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€235,954
2024 · €342,606-€106,652
Equity
€678,022
2024 · €442,069+€235,954
Cash
€7,717
2024 · €52,114-€44,396
Balance sheet total
€1.7m
2024 · €1.7m-€5,706
Largest movements
Assets
- Receivables within one year +€173,407
up €173,407 (+11.2%), from €1.5m to €1.7m
- Stocks and contracts -€135,160
down €135,160 (-100%), from €135,160 to €0
- Cash -€44,396
down €44,396 (-85.2%), from €52,114 to €7,717
mainly Debts after one year (-€259,524) and Receivables within one year (-€173,407)
Equity and liabilities
- Debts after one year -€259,524
down €259,524 (-31.1%), from €834,734 to €575,210
- Profit (loss) carried forward +€235,954
up €235,954 (+291%), from €81,145 to €317,099
- Advances received -€77,990
down €77,990 (-100%), from €77,990 to €0
- Trade debts +€57,752
up €57,752 (+185%), from €31,158 to €88,911
- Tax, wage and social debts +€37,064
up €37,064 (+231%), from €16,024 to €53,088
Income statement
- Gross operating margin -€191,013
down €191,013 (-44.1%), from €433,296 to €242,282
- Taxes +€47,105
up €47,105 (+675%), from €6,974 to €54,079
- Financial income +€17,327
up €17,327 (+32.2%), from €53,855 to €71,182
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€342,606
Gross operating margin
-€191,013
Other operating charges
-€679
Financial income
+€17,327
Financial charges
+€710
Taxes
-€47,105
Deferred taxes and other
+€114,108
Result 2025
€235,954
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€214,090
Investment
€0
Financing
-€258,486
Cash 2024
€52,114
From operations (derived)
+€214,090
Net result for the year
+€235,954
Stocks and contracts
+€135,160
Receivables within one year
-€173,407
Deferred charges and accrued income
-€443
Trade debts
+€57,752
Tax, wage and social debts
+€37,064
Advances received
-€77,990
Financing
-€258,486
Debts after one year
-€259,524
Current portion of long-term debt
+€1,038
Cash 2025
€7,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,733,221 | €1,727,515 | -€5,706 | -0.3% |
| Fixed assets | 21/28 | €3,025 | €3,025 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,800 | €2,800 | = | 0.0% |
| Land and buildings | 22 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,730,196 | €1,724,490 | -€5,706 | -0.3% |
| Stocks and contracts in progress | 3 | €135,160 | €0 | -€135,160 | -100% |
| Stocks | 30/36 | €135,160 | €0 | -€135,160 | -100% |
| Amounts receivable within one year | 40/41 | €1,542,800 | €1,716,207 | +€173,407 | +11.2% |
| Other amounts receivable | 41 | €1,542,800 | €1,716,207 | +€173,407 | +11.2% |
| Cash at bank and in hand | 54/58 | €52,114 | €7,717 | -€44,396 | -85.2% |
| Deferred charges and accrued income | 490/1 | €122 | €565 | +€443 | +363% |
| Total equity and liabilities | 10/49 | €1,733,221 | €1,727,515 | -€5,706 | -0.3% |
| Equity | 10/15 | €442,069 | €678,022 | +€235,954 | +53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,324 | €342,324 | = | 0.0% |
| Tax-exempt reserves | 132 | €342,324 | €342,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,145 | €317,099 | +€235,954 | +291% |
| Provisions and deferred taxes | 16 | €114,108 | €114,108 | = | 0.0% |
| Deferred taxes | 168 | €114,108 | €114,108 | = | 0.0% |
| Amounts payable | 17/49 | €1,177,044 | €935,384 | -€241,660 | -20.5% |
| Amounts payable after more than one year | 17 | €834,734 | €575,210 | -€259,524 | -31.1% |
| Financial debts | 170/4 | €834,734 | €575,210 | -€259,524 | -31.1% |
| Amounts payable within one year | 42/48 | €342,310 | €360,174 | +€17,864 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €101,643 | €102,681 | +€1,038 | +1.0% |
| Trade debts | 44 | €31,158 | €88,911 | +€57,752 | +185% |
| Suppliers | 440/4 | €31,158 | €88,911 | +€57,752 | +185% |
| Advances received on contracts in progress | 46 | €77,990 | €0 | -€77,990 | -100% |
| Taxes, remuneration and social security | 45 | €16,024 | €53,088 | +€37,064 | +231% |
| Taxes | 450/3 | €16,024 | €53,088 | +€37,064 | +231% |
| Other amounts payable | 47/48 | €115,495 | €115,495 | = | 0.0% |
| Non-recurring operating income | 76A | €456,431 | €0 | -€456,431 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,170 | €2,849 | +€679 | +31.3% |
| Gross operating margin | 9900 | €433,296 | €242,282 | -€191,013 | -44.1% |
| Operating profit (loss) | 9901 | €431,125 | €239,433 | -€191,692 | -44.5% |
| Financial income | 75/76B | €53,855 | €71,182 | +€17,327 | +32.2% |
| Recurring financial income | 75 | €53,855 | €71,182 | +€17,327 | +32.2% |
| Financial charges | 65/66B | €21,292 | €20,583 | -€710 | -3.3% |
| Recurring financial charges | 65 | €21,292 | €20,583 | -€710 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €463,688 | €290,032 | -€173,655 | -37.5% |
| Transfer to deferred taxes | 680 | €114,108 | €0 | -€114,108 | -100% |
| Income taxes | 67/77 | €6,974 | €54,079 | +€47,105 | +675% |
| Profit (loss) for the period | 9904 | €342,606 | €235,954 | -€106,652 | -31.1% |
| Transfer to tax-exempt reserves | 689 | €342,324 | €0 | -€342,324 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €283 | €235,954 | +€235,671 | +83,415% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.