Edaphon: 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.
Edaphon
Largest movements
- Financial fixed assets +€11.1m
up €11.1m (+66.0%), from €16.8m to €27.9m
- Cash -€8.9m
down €8.9m (-99.6%), from €9.0m to €38,260
mainly Investment in fixed assets (net) (-€11.1m) and Current investments (-€6.1m)
- Current investments +€6.1m
up €6.1m (+80.4%), from €7.6m to €13.8m
- Contributions +€11.5m
up €11.5m (+28.5%), from €40.2m to €51.7m
- Profit (loss) carried forward -€3.2m
down €3.2m (-46.8%), from -€6.8m to -€9.9m
- Financial charges -€3.0m
down €3.0m (-76.2%), from €3.9m to €935,245
of which Non-recurring financial charges: -€3.8m
- Financial income -€753,487
down €753,487 (-78.8%), from €955,626 to €202,139
of which Non-recurring financial income: -€725,360
- Gross operating margin -€608,070
down €608,070 (-33.4%), from -€1.8m to -€2.4m
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 | €33,480,261 | €41,807,139 | +€8.3m | +24.9% |
| Fixed assets | 21/28 | €16,784,967 | €27,857,680 | +€11.1m | +66.0% |
| Intangible fixed assets | 21 | €10,907 | €4,398 | -€6,509 | -59.7% |
| Financial fixed assets | 28 | €16,774,060 | €27,853,282 | +€11.1m | +66.0% |
| Current assets | 29/58 | €16,695,294 | €13,949,459 | -€2.7m | -16.4% |
| Amounts receivable within one year | 40/41 | €80,477 | €127,595 | +€47,118 | +58.5% |
| Other amounts receivable | 41 | €80,477 | €127,595 | +€47,118 | +58.5% |
| Current investments | 50/53 | €7,635,273 | €13,770,233 | +€6.1m | +80.4% |
| Cash at bank and in hand | 54/58 | €8,961,980 | €38,260 | -€8.9m | -99.6% |
| Deferred charges and accrued income | 490/1 | €17,563 | €13,370 | -€4,193 | -23.9% |
| Total equity and liabilities | 10/49 | €33,480,261 | €41,807,139 | +€8.3m | +24.9% |
| Equity | 10/15 | €33,446,400 | €41,755,030 | +€8.3m | +24.8% |
| Contributions | 10/11 | €40,218,000 | €51,696,000 | +€11.5m | +28.5% |
| Profit (loss) carried forward | 14 | -€6,771,600 | -€9,940,970 | -€3.2m | -46.8% |
| Amounts payable | 17/49 | €33,860 | €52,109 | +€18,249 | +53.9% |
| Amounts payable within one year | 42/48 | €33,860 | €52,109 | +€18,249 | +53.9% |
| Trade debts | 44 | €33,860 | €52,109 | +€18,249 | +53.9% |
| Suppliers | 440/4 | €33,860 | €52,109 | +€18,249 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,985 | €6,509 | +€1,524 | +30.6% |
| Other operating charges | 640/8 | €1,118 | €998 | -€119 | -10.7% |
| Gross operating margin | 9900 | -€1,820,687 | -€2,428,758 | -€608,070 | -33.4% |
| Operating profit (loss) | 9901 | -€1,826,790 | -€2,436,265 | -€609,475 | -33.4% |
| Financial income | 75/76B | €955,626 | €202,139 | -€753,487 | -78.8% |
| Recurring financial income | 75 | €230,266 | €202,139 | -€28,127 | -12.2% |
| Non-recurring financial income | 76B | €725,360 | €0 | -€725,360 | -100.0% |
| Financial charges | 65/66B | €3,933,555 | €935,245 | -€3.0m | -76.2% |
| Recurring financial charges | 65 | -€100,671 | €735,240 | +€835,912 | |
| Non-recurring financial charges | 66B | €4,034,226 | €200,005 | -€3.8m | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,804,719 | -€3,169,371 | +€1.6m | +34.0% |
| Income taxes | 67/77 | -€12,466 | €0 | +€12,466 | |
| Profit (loss) for the period | 9904 | -€4,792,253 | -€3,169,371 | +€1.6m | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,792,253 | -€3,169,371 | +€1.6m | +33.9% |
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 30 September 2026 via checked.be.