ED Management & Consul: 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 Management & Consul
Largest movements
- Cash +€13,568
up €13,568 (+28.2%), from €48,111 to €61,679
mainly Depreciation (+€11,480) and Net result for the year (+€6,539)
- Tangible fixed assets -€11,480
down €11,480 (-43.4%), from €26,458 to €14,978
- Reserves +€6,539
up €6,539 (+5.6%), from €117,074 to €123,613
- Other debts -€4,853
no longer reported in 2025 (was €4,853)
- Financial charges +€3,762
up €3,762, from -€3,711 to €52
- Gross operating margin +€1,937
up €1,937 (+9.0%), from €21,455 to €23,393
- Depreciation -€272
down €272 (-2.3%), from €11,752 to €11,480
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 | €132,114 | €133,660 | +€1,547 | +1.2% |
| Fixed assets | 21/28 | €26,458 | €14,978 | -€11,480 | -43.4% |
| Tangible fixed assets | 22/27 | €26,458 | €14,978 | -€11,480 | -43.4% |
| Furniture and vehicles | 24 | €26,458 | €14,978 | -€11,480 | -43.4% |
| Current assets | 29/58 | €105,656 | €118,682 | +€13,026 | +12.3% |
| Amounts receivable within one year | 40/41 | €5,994 | €4,765 | -€1,230 | -20.5% |
| Trade receivables | 40 | €3,137 | €2,383 | -€754 | -24.0% |
| Other amounts receivable | 41 | €2,857 | €2,382 | -€475 | -16.6% |
| Current investments | 50/53 | €50,907 | €51,504 | +€597 | +1.2% |
| Cash at bank and in hand | 54/58 | €48,111 | €61,679 | +€13,568 | +28.2% |
| Deferred charges and accrued income | 490/1 | €644 | €734 | +€90 | +14.1% |
| Total equity and liabilities | 10/49 | €132,114 | €133,660 | +€1,547 | +1.2% |
| Equity | 10/15 | €123,377 | €129,916 | +€6,539 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,074 | €123,613 | +€6,539 | +5.6% |
| Distributable reserves | 133 | €117,074 | €123,613 | +€6,539 | +5.6% |
| Profit (loss) carried forward | 14 | €103 | €103 | = | 0.0% |
| Amounts payable | 17/49 | €8,737 | €3,744 | -€4,993 | -57.1% |
| Amounts payable within one year | 42/48 | €8,737 | €3,744 | -€4,993 | -57.1% |
| Trade debts | 44 | €1,264 | €288 | -€976 | -77.2% |
| Suppliers | 440/4 | €1,264 | €288 | -€976 | -77.2% |
| Taxes, remuneration and social security | 45 | €2,620 | €3,456 | +€836 | +31.9% |
| Taxes | 450/3 | €2,620 | €3,456 | +€836 | +31.9% |
| Other amounts payable | 47/48 | €4,853 | - | -€4,853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,752 | €11,480 | -€272 | -2.3% |
| Other operating charges | 640/8 | €875 | €827 | -€48 | -5.5% |
| Gross operating margin | 9900 | €21,455 | €23,393 | +€1,937 | +9.0% |
| Operating profit (loss) | 9901 | €8,828 | €11,086 | +€2,258 | +25.6% |
| Financial income | 75/76B | €904 | €866 | -€38 | -4.2% |
| Recurring financial income | 75 | €904 | €866 | -€38 | -4.2% |
| Financial charges | 65/66B | -€3,711 | €52 | +€3,762 | |
| Recurring financial charges | 65 | -€3,711 | €52 | +€3,762 | |
| Profit (loss) for the period before taxes | 9903 | €13,443 | €11,900 | -€1,542 | -11.5% |
| Income taxes | 67/77 | €5,210 | €5,361 | +€151 | +2.9% |
| Profit (loss) for the period | 9904 | €8,232 | €6,539 | -€1,693 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,232 | €6,539 | -€1,693 | -20.6% |
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 21 October 2026 via checked.be.