ED10: what changed
Two fiscal 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.
ED10
Largest movements
- Cash -€5,696
down €5,696 (-97.7%), from €5,830 to €134
mainly Net result for the year (-€4,990) and Tax, wage and social debts (-€3,401)
- Tangible fixed assets -€83
down €83 (-100.0%), from €83 to €0
of which Furniture and vehicles: -€83
- Profit (loss) carried forward -€4,990
down €4,990 (-9.0%), from -€55,159 to -€60,149
- Tax, wage and social debts -€3,401
down €3,401 (-90.7%), from €3,751 to €349
- Short-term financial debts +€2,721
new in 2025: €2,721
- Trade debts -€2,617
down €2,617 (-83.1%), from €3,148 to €531
- Other debts +€2,507
up €2,507 (+53.3%), from €4,706 to €7,214
- Gross operating margin -€34,573
down €34,573, from €30,039 to -€4,534
- Depreciation -€734
down €734 (-89.8%), from €818 to €83
- Taxes -€727
down €727 (-100.0%), from €727 to €0
- Other operating charges -€504
down €504 (-62.5%), from €806 to €302
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.
Cash bridge derived
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 | €6,446 | €666 | -€5,779 | -89.7% |
| Fixed assets | 21/28 | €437 | €354 | -€83 | -19.1% |
| Tangible fixed assets | 22/27 | €83 | €0 | -€83 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €83 | €0 | -€83 | -100.0% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €6,008 | €312 | -€5,696 | -94.8% |
| Amounts receivable within one year | 40/41 | €178 | €178 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €178 | €178 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,830 | €134 | -€5,696 | -97.7% |
| Total equity and liabilities | 10/49 | €6,446 | €666 | -€5,779 | -89.7% |
| Equity | 10/15 | -€5,159 | -€10,149 | -€4,990 | -96.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,159 | -€60,149 | -€4,990 | -9.0% |
| Amounts payable | 17/49 | €11,605 | €10,815 | -€789 | -6.8% |
| Amounts payable within one year | 42/48 | €11,605 | €10,815 | -€789 | -6.8% |
| Financial debts | 43 | - | €2,721 | +€2,721 | |
| Credit institutions | 430/8 | - | €2,721 | +€2,721 | |
| Trade debts | 44 | €3,148 | €531 | -€2,617 | -83.1% |
| Suppliers | 440/4 | €3,148 | €531 | -€2,617 | -83.1% |
| Taxes, remuneration and social security | 45 | €3,751 | €349 | -€3,401 | -90.7% |
| Taxes | 450/3 | €3,751 | €349 | -€3,401 | -90.7% |
| Other amounts payable | 47/48 | €4,706 | €7,214 | +€2,507 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €83 | -€734 | -89.8% |
| Other operating charges | 640/8 | €806 | €302 | -€504 | -62.5% |
| Gross operating margin | 9900 | €30,039 | -€4,534 | -€34,573 | |
| Operating profit (loss) | 9901 | €28,414 | -€4,920 | -€33,335 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €85 | €70 | -€15 | -17.9% |
| Recurring financial charges | 65 | €85 | €70 | -€15 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €28,329 | -€4,990 | -€33,319 | |
| Income taxes | 67/77 | €727 | €0 | -€727 | -100.0% |
| Profit (loss) for the period | 9904 | €27,602 | -€4,990 | -€32,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,602 | -€4,990 | -€32,592 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.