ED TRADE & LOGISTICS: 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 TRADE & LOGISTICS
Largest movements
- Receivables within one year +€190,832
up €190,832 (+44.6%), from €428,260 to €619,092
of which Trade receivables: +€170,859
- Tangible fixed assets +€58,678
up €58,678 (+25.7%), from €228,483 to €287,161
of which Other tangible fixed assets: +€44,320
- Deferred charges and accrued income +€22,050
new in 2025: €22,050
- Trade debts +€267,856
up €267,856 (+48.7%), from €549,673 to €817,528
- Staff costs +€43,947
up €43,947 (+20.3%), from €216,353 to €260,300
- Gross operating margin +€29,314
up €29,314 (+11.2%), from €261,517 to €290,831
- Other operating charges -€7,038
down €7,038 (-69.9%), from €10,071 to €3,032
- Depreciation -€6,193
down €6,193 (-25.5%), from €24,248 to €18,055
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 | €664,821 | €932,733 | +€267,912 | +40.3% |
| Fixed assets | 21/28 | €228,483 | €287,161 | +€58,678 | +25.7% |
| Tangible fixed assets | 22/27 | €228,483 | €287,161 | +€58,678 | +25.7% |
| Land and buildings | 22 | - | €32,358 | +€32,358 | |
| Furniture and vehicles | 24 | €52,068 | €34,068 | -€18,000 | -34.6% |
| Other tangible fixed assets | 26 | €176,415 | €220,735 | +€44,320 | +25.1% |
| Current assets | 29/58 | €436,338 | €645,572 | +€209,234 | +48.0% |
| Amounts receivable within one year | 40/41 | €428,260 | €619,092 | +€190,832 | +44.6% |
| Trade receivables | 40 | €369,102 | €539,962 | +€170,859 | +46.3% |
| Other amounts receivable | 41 | €59,158 | €79,131 | +€19,972 | +33.8% |
| Cash at bank and in hand | 54/58 | €8,077 | €4,430 | -€3,647 | -45.2% |
| Deferred charges and accrued income | 490/1 | - | €22,050 | +€22,050 | |
| Total equity and liabilities | 10/49 | €664,821 | €932,733 | +€267,912 | +40.3% |
| Equity | 10/15 | €24,657 | €31,847 | +€7,190 | +29.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,343 | -€18,153 | +€7,190 | +28.4% |
| Amounts payable | 17/49 | €640,164 | €900,887 | +€260,722 | +40.7% |
| Amounts payable within one year | 42/48 | €640,164 | €900,887 | +€260,722 | +40.7% |
| Trade debts | 44 | €549,673 | €817,528 | +€267,856 | +48.7% |
| Suppliers | 440/4 | €549,673 | €817,528 | +€267,856 | +48.7% |
| Taxes, remuneration and social security | 45 | €29,902 | €26,646 | -€3,257 | -10.9% |
| Taxes | 450/3 | €465 | €8,131 | +€7,666 | +1,648% |
| Remuneration and social security | 454/9 | €29,437 | €18,515 | -€10,922 | -37.1% |
| Other amounts payable | 47/48 | €60,589 | €56,713 | -€3,877 | -6.4% |
| Remuneration, social security and pensions | 62 | €216,353 | €260,300 | +€43,947 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,248 | €18,055 | -€6,193 | -25.5% |
| Other operating charges | 640/8 | €10,071 | €3,032 | -€7,038 | -69.9% |
| Non-recurring operating charges | 66A | €1,560 | - | -€1,560 | |
| Gross operating margin | 9900 | €261,517 | €290,831 | +€29,314 | +11.2% |
| Operating profit (loss) | 9901 | €9,285 | €9,443 | +€158 | +1.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,655 | €2,255 | -€400 | -15.1% |
| Recurring financial charges | 65 | €2,655 | €2,255 | -€400 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €6,630 | €7,190 | +€561 | +8.5% |
| Profit (loss) for the period | 9904 | €6,630 | €7,190 | +€561 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,630 | €7,190 | +€561 | +8.5% |
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 24 October 2026 via checked.be.