ED Totaal Projects: 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 Totaal Projects
Largest movements
- Tangible fixed assets +€23,200
new in 2025: €23,200
- Receivables within one year -€6,382
down €6,382 (-26.5%), from €24,062 to €17,680
of which Trade receivables: -€4,579
- Cash +€2,066
new in 2025: €2,066
mainly Net result for the year (+€14,546) and Tax, wage and social debts (+€9,998)
- Profit (loss) carried forward +€14,546
up €14,546 (+279%), from €5,217 to €19,763
- Tax, wage and social debts +€9,998
up €9,998 (+106%), from €9,406 to €19,404
- Other debts -€4,387
no longer reported in 2025 (was €4,387)
- Trade debts -€1,152
down €1,152 (-92.4%), from €1,247 to €95
- Gross operating margin +€13,642
up €13,642 (+86.2%), from €15,828 to €29,470
- Depreciation +€5,800
new in 2025: €5,800
- Other operating charges -€3,856
down €3,856 (-60.1%), from €6,416 to €2,560
- Taxes +€1,932
up €1,932 (+69.5%), from €2,781 to €4,713
- Staff costs +€598
up €598 (+240%), from €249 to €847
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 | €24,062 | €42,946 | +€18,884 | +78.5% |
| Fixed assets | 21/28 | - | €23,200 | +€23,200 | |
| Tangible fixed assets | 22/27 | - | €23,200 | +€23,200 | |
| Furniture and vehicles | 24 | - | €23,200 | +€23,200 | |
| Current assets | 29/58 | €24,062 | €19,746 | -€4,316 | -17.9% |
| Amounts receivable within one year | 40/41 | €24,062 | €17,680 | -€6,382 | -26.5% |
| Trade receivables | 40 | €20,423 | €15,844 | -€4,579 | -22.4% |
| Other amounts receivable | 41 | €3,639 | €1,836 | -€1,803 | -49.6% |
| Cash at bank and in hand | 54/58 | - | €2,066 | +€2,066 | |
| Total equity and liabilities | 10/49 | €24,062 | €42,946 | +€18,884 | +78.5% |
| Equity | 10/15 | €8,901 | €23,447 | +€14,546 | +163% |
| Contributions | 10/11 | €3,684 | €3,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,217 | €19,763 | +€14,546 | +279% |
| Amounts payable | 17/49 | €15,161 | €19,499 | +€4,338 | +28.6% |
| Amounts payable within one year | 42/48 | €15,161 | €19,499 | +€4,338 | +28.6% |
| Financial debts | 43 | €121 | - | -€121 | |
| Credit institutions | 430/8 | €121 | - | -€121 | |
| Trade debts | 44 | €1,247 | €95 | -€1,152 | -92.4% |
| Suppliers | 440/4 | €1,247 | €95 | -€1,152 | -92.4% |
| Taxes, remuneration and social security | 45 | €9,406 | €19,404 | +€9,998 | +106% |
| Taxes | 450/3 | €9,406 | €19,404 | +€9,998 | +106% |
| Other amounts payable | 47/48 | €4,387 | - | -€4,387 | |
| Remuneration, social security and pensions | 62 | €249 | €847 | +€598 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,800 | +€5,800 | |
| Other operating charges | 640/8 | €6,416 | €2,560 | -€3,856 | -60.1% |
| Gross operating margin | 9900 | €15,828 | €29,470 | +€13,642 | +86.2% |
| Operating profit (loss) | 9901 | €9,163 | €20,263 | +€11,100 | +121% |
| Financial income | 75/76B | €4 | €25 | +€21 | +569% |
| Recurring financial income | 75 | €4 | €25 | +€21 | +569% |
| Financial charges | 65/66B | €1,168 | €1,030 | -€139 | -11.9% |
| Recurring financial charges | 65 | €1,168 | €1,030 | -€139 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €7,998 | €19,259 | +€11,260 | +141% |
| Income taxes | 67/77 | €2,781 | €4,713 | +€1,932 | +69.5% |
| Profit (loss) for the period | 9904 | €5,217 | €14,546 | +€9,329 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €5,217 | €14,546 | +€9,329 | +179% |
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.