EDB: 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.
EDB
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-84.9%), from €1.4m to €204,530
of which Trade receivables: -€741,844
- Cash +€185,291
up €185,291 (+737.5%), from €25,124 to €210,415
mainly Receivables within one year (+€1.2m) and Stocks and contracts (+€52,585)
- Stocks and contracts -€52,585
down €52,585 (-42.1%), from €124,996 to €72,411
of which Contracts in progress: -€35,839
- Tangible fixed assets -€46,172
down €46,172 (-8.5%), from €540,970 to €494,798
of which Land and buildings: -€30,188
- Trade debts -€397,673
down €397,673 (-96.4%), from €412,597 to €14,923
- Short-term financial debts -€282,303
down €282,303 (-100.0%), from €282,303 to €0
- Reserves -€231,536
down €231,536 (-27.7%), from €837,099 to €605,564
- Debts after one year -€80,326
down €80,326 (-19.5%), from €411,507 to €331,181
of which Other amounts payable: -€50,000
- Other debts -€42,832
down €42,832 (-100.0%), from €42,832 to €0
- Gross operating margin -€296,256
down €296,256 (-98.0%), from €302,369 to €6,114
- Other operating charges -€40,848
down €40,848 (-84.9%), from €48,132 to €7,284
- Taxes -€30,351
down €30,351 (-90.7%), from €33,479 to €3,128
- Financial charges -€28,357
down €28,357 (-46.9%), from €60,515 to €32,158
- Depreciation -€9,718
down €9,718 (-23.9%), from €40,640 to €30,923
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 | €2,076,830 | €1,012,072 | -€1.1m | -51.3% |
| Fixed assets | 21/28 | €540,970 | €494,798 | -€46,172 | -8.5% |
| Tangible fixed assets | 22/27 | €540,970 | €494,798 | -€46,172 | -8.5% |
| Land and buildings | 22 | €520,116 | €489,929 | -€30,188 | -5.8% |
| Plant, machinery and equipment | 23 | €7,353 | €0 | -€7,353 | -100.0% |
| Furniture and vehicles | 24 | €13,501 | €4,870 | -€8,631 | -63.9% |
| Current assets | 29/58 | €1,535,860 | €517,273 | -€1.0m | -66.3% |
| Stocks and contracts in progress | 3 | €124,996 | €72,411 | -€52,585 | -42.1% |
| Stocks | 30/36 | €89,157 | €72,411 | -€16,746 | -18.8% |
| Contracts in progress | 37 | €35,839 | €0 | -€35,839 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,356,348 | €204,530 | -€1.2m | -84.9% |
| Trade receivables | 40 | €943,605 | €201,761 | -€741,844 | -78.6% |
| Other amounts receivable | 41 | €412,743 | €2,769 | -€409,974 | -99.3% |
| Current investments | 50/53 | €2,200 | €750 | -€1,450 | -65.9% |
| Cash at bank and in hand | 54/58 | €25,124 | €210,415 | +€185,291 | +737.5% |
| Deferred charges and accrued income | 490/1 | €27,191 | €29,168 | +€1,977 | +7.3% |
| Total equity and liabilities | 10/49 | €2,076,830 | €1,012,072 | -€1.1m | -51.3% |
| Equity | 10/15 | €855,699 | €624,164 | -€231,536 | -27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €837,099 | €605,564 | -€231,536 | -27.7% |
| Distributable reserves | 133 | €837,099 | €605,564 | -€231,536 | -27.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,221,130 | €387,908 | -€833,222 | -68.2% |
| Amounts payable after more than one year | 17 | €411,507 | €331,181 | -€80,326 | -19.5% |
| Financial debts | 170/4 | €361,507 | €331,181 | -€30,326 | -8.4% |
| Other amounts payable | 178/9 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €787,432 | €49,777 | -€737,655 | -93.7% |
| Current portion of amounts payable after more than one year | 42 | €38,703 | €30,326 | -€8,377 | -21.6% |
| Financial debts | 43 | €282,303 | €0 | -€282,303 | -100.0% |
| Credit institutions | 430/8 | €282,303 | €0 | -€282,303 | -100.0% |
| Trade debts | 44 | €412,597 | €14,923 | -€397,673 | -96.4% |
| Suppliers | 440/4 | €412,597 | €14,923 | -€397,673 | -96.4% |
| Taxes, remuneration and social security | 45 | €10,998 | €4,527 | -€6,470 | -58.8% |
| Taxes | 450/3 | €10,998 | €4,527 | -€6,470 | -58.8% |
| Other amounts payable | 47/48 | €42,832 | €0 | -€42,832 | -100.0% |
| Accrued charges and deferred income | 492/3 | €22,191 | €6,950 | -€15,241 | -68.7% |
| Non-recurring operating income | 76A | €4,493 | €20,109 | +€15,617 | +347.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,640 | €30,923 | -€9,718 | -23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€402 | -€402 | |
| Other operating charges | 640/8 | €48,132 | €7,284 | -€40,848 | -84.9% |
| Non-recurring operating charges | 66A | €5,603 | €155,000 | +€149,397 | +2666.4% |
| Gross operating margin | 9900 | €302,369 | €6,114 | -€296,256 | -98.0% |
| Operating profit (loss) | 9901 | €207,994 | -€186,691 | -€394,685 | |
| Financial income | 75/76B | €2,754 | €441 | -€2,313 | -84.0% |
| Recurring financial income | 75 | €2,754 | €441 | -€2,313 | -84.0% |
| Financial charges | 65/66B | €60,515 | €32,158 | -€28,357 | -46.9% |
| Recurring financial charges | 65 | €60,515 | €32,158 | -€28,357 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €150,234 | -€218,407 | -€368,641 | |
| Income taxes | 67/77 | €33,479 | €3,128 | -€30,351 | -90.7% |
| Profit (loss) for the period | 9904 | €116,754 | -€221,536 | -€338,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,754 | -€221,536 | -€338,290 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.