EDAX: 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.
EDAX
Largest movements
- Receivables within one year -€49,490
down €49,490 (-76.6%), from €64,632 to €15,142
of which Trade receivables: -€47,540
- Tangible fixed assets +€40,532
up €40,532 (+1796.9%), from €2,256 to €42,788
- Cash -€25,015
down €25,015 (-30.3%), from €82,575 to €57,560
mainly Investment in fixed assets (net) (-€43,420) and Net result for the year (-€24,280)
- Deferred charges and accrued income +€3,469
new in 2025: €3,469
- Profit (loss) carried forward -€24,280
down €24,280 (-22.4%), from €108,392 to €84,112
- Debts after one year +€13,015
new in 2025: €13,015
- Tax, wage and social debts -€12,661
no longer reported in 2025 (was €12,661)
of which Taxes: -€10,200
- Trade debts -€12,167
down €12,167 (-79.3%), from €15,351 to €3,184
- Current portion of long-term debt +€6,457
new in 2025: €6,457
- Gross operating margin -€57,217
down €57,217 (-67.4%), from €84,876 to €27,659
- Taxes -€6,998
down €6,998 (-98.9%), from €7,075 to €77
- Depreciation -€3,112
down €3,112 (-63.3%), from €4,920 to €1,808
- Staff costs +€2,276
up €2,276 (+5.0%), from €45,380 to €47,656
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 | €149,463 | €120,039 | -€29,424 | -19.7% |
| Fixed assets | 21/28 | €2,256 | €43,868 | +€41,612 | +1844.7% |
| Tangible fixed assets | 22/27 | €2,256 | €42,788 | +€40,532 | +1796.9% |
| Furniture and vehicles | 24 | €2,256 | €42,788 | +€40,532 | +1796.9% |
| Financial fixed assets | 28 | - | €1,080 | +€1,080 | |
| Current assets | 29/58 | €147,208 | €76,171 | -€71,036 | -48.3% |
| Amounts receivable within one year | 40/41 | €64,632 | €15,142 | -€49,490 | -76.6% |
| Trade receivables | 40 | €57,914 | €10,373 | -€47,540 | -82.1% |
| Other amounts receivable | 41 | €6,719 | €4,769 | -€1,950 | -29.0% |
| Cash at bank and in hand | 54/58 | €82,575 | €57,560 | -€25,015 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €3,469 | +€3,469 | |
| Total equity and liabilities | 10/49 | €149,463 | €120,039 | -€29,424 | -19.7% |
| Equity | 10/15 | €121,452 | €97,172 | -€24,280 | -20.0% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,392 | €84,112 | -€24,280 | -22.4% |
| Amounts payable | 17/49 | €28,011 | €22,867 | -€5,144 | -18.4% |
| Amounts payable after more than one year | 17 | - | €13,015 | +€13,015 | |
| Financial debts | 170/4 | - | €13,015 | +€13,015 | |
| Amounts payable within one year | 42/48 | €28,011 | €9,853 | -€18,159 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,457 | +€6,457 | |
| Trade debts | 44 | €15,351 | €3,184 | -€12,167 | -79.3% |
| Suppliers | 440/4 | €15,351 | €3,184 | -€12,167 | -79.3% |
| Taxes, remuneration and social security | 45 | €12,661 | - | -€12,661 | |
| Taxes | 450/3 | €10,200 | - | -€10,200 | |
| Remuneration and social security | 454/9 | €2,461 | - | -€2,461 | |
| Other amounts payable | 47/48 | - | €211 | +€211 | |
| Remuneration, social security and pensions | 62 | €45,380 | €47,656 | +€2,276 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,920 | €1,808 | -€3,112 | -63.3% |
| Other operating charges | 640/8 | €1,355 | €1,966 | +€610 | +45.0% |
| Gross operating margin | 9900 | €84,876 | €27,659 | -€57,217 | -67.4% |
| Operating profit (loss) | 9901 | €33,222 | -€23,771 | -€56,992 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -18.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -18.5% |
| Financial charges | 65/66B | €75 | €434 | +€359 | +481.5% |
| Recurring financial charges | 65 | €75 | €434 | +€359 | +481.5% |
| Profit (loss) for the period before taxes | 9903 | €33,149 | -€24,203 | -€57,352 | |
| Income taxes | 67/77 | €7,075 | €77 | -€6,998 | -98.9% |
| Profit (loss) for the period | 9904 | €26,074 | -€24,280 | -€50,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,074 | -€24,280 | -€50,354 |
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 2 October 2026 via checked.be.