EDA: 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.
EDA
Largest movements
- Tangible fixed assets -€211,050
down €211,050 (-31.8%), from €662,672 to €451,623
of which Furniture and vehicles: -€107,111
- Cash +€179,132
up €179,132 (+78.1%), from €229,336 to €408,467
mainly Depreciation (+€237,921) and Net result for the year (+€27,581)
- Receivables within one year +€11,963
up €11,963 (+13.2%), from €90,475 to €102,438
of which Other amounts receivable: +€11,847
- Current portion of long-term debt -€36,666
down €36,666 (-91.7%), from €40,000 to €3,334
- Reserves +€27,000
up €27,000 (+87.7%), from €30,800 to €57,800
- Gross operating margin -€43,577
down €43,577 (-10.9%), from €399,322 to €355,746
- Staff costs -€40,736
down €40,736 (-33.7%), from €121,006 to €80,271
- Taxes -€4,126
down €4,126 (-34.7%), from €11,884 to €7,758
- Depreciation +€4,093
up €4,093 (+1.8%), from €233,829 to €237,921
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 | €986,107 | €966,504 | -€19,603 | -2.0% |
| Fixed assets | 21/28 | €662,672 | €451,623 | -€211,050 | -31.8% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €662,672 | €451,623 | -€211,050 | -31.8% |
| Plant, machinery and equipment | 23 | €243,590 | €139,652 | -€103,939 | -42.7% |
| Furniture and vehicles | 24 | €419,082 | €311,971 | -€107,111 | -25.6% |
| Current assets | 29/58 | €323,435 | €514,882 | +€191,447 | +59.2% |
| Stocks and contracts in progress | 3 | €3,624 | €3,977 | +€353 | +9.7% |
| Stocks | 30/36 | €3,624 | €3,977 | +€353 | +9.7% |
| Amounts receivable within one year | 40/41 | €90,475 | €102,438 | +€11,963 | +13.2% |
| Trade receivables | 40 | €84,400 | €84,516 | +€116 | +0.1% |
| Other amounts receivable | 41 | €6,075 | €17,921 | +€11,847 | +195.0% |
| Cash at bank and in hand | 54/58 | €229,336 | €408,467 | +€179,132 | +78.1% |
| Total equity and liabilities | 10/49 | €986,107 | €966,504 | -€19,603 | -2.0% |
| Equity | 10/15 | €33,819 | €61,400 | +€27,581 | +81.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,800 | €57,800 | +€27,000 | +87.7% |
| Distributable reserves | 133 | €30,800 | €57,800 | +€27,000 | +87.7% |
| Profit (loss) carried forward | 14 | €19 | €600 | +€581 | +2984.0% |
| Amounts payable | 17/49 | €952,288 | €905,104 | -€47,184 | -5.0% |
| Amounts payable after more than one year | 17 | €3,334 | €0 | -€3,334 | -100.0% |
| Financial debts | 170/4 | €3,334 | €0 | -€3,334 | -100.0% |
| Amounts payable within one year | 42/48 | €948,954 | €905,104 | -€43,850 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €3,334 | -€36,666 | -91.7% |
| Trade debts | 44 | €23,727 | €14,138 | -€9,590 | -40.4% |
| Suppliers | 440/4 | €23,727 | €14,138 | -€9,590 | -40.4% |
| Taxes, remuneration and social security | 45 | €24,370 | €30,462 | +€6,092 | +25.0% |
| Taxes | 450/3 | €14,460 | €29,222 | +€14,762 | +102.1% |
| Remuneration and social security | 454/9 | €9,910 | €1,241 | -€8,670 | -87.5% |
| Other amounts payable | 47/48 | €860,857 | €857,170 | -€3,687 | -0.4% |
| Remuneration, social security and pensions | 62 | €121,006 | €80,271 | -€40,736 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,829 | €237,921 | +€4,093 | +1.8% |
| Other operating charges | 640/8 | €1,789 | €2,302 | +€513 | +28.7% |
| Gross operating margin | 9900 | €399,322 | €355,746 | -€43,577 | -10.9% |
| Operating profit (loss) | 9901 | €42,698 | €35,252 | -€7,446 | -17.4% |
| Financial income | 75/76B | €1,031 | €666 | -€365 | -35.4% |
| Recurring financial income | 75 | €1,031 | €666 | -€365 | -35.4% |
| Financial charges | 65/66B | €1,026 | €579 | -€447 | -43.5% |
| Recurring financial charges | 65 | €1,026 | €579 | -€447 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €42,703 | €35,339 | -€7,364 | -17.2% |
| Income taxes | 67/77 | €11,884 | €7,758 | -€4,126 | -34.7% |
| Profit (loss) for the period | 9904 | €30,819 | €27,581 | -€3,238 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,819 | €27,581 | -€3,238 | -10.5% |
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 10 October 2026 via checked.be.