EDB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€126,400
up €126,400 (+426.4%), from €29,642 to €156,043
mainly Net result for the year (+€95,166) and Depreciation (+€43,965)
- Tangible fixed assets -€45,316
down €45,316 (-5.3%), from €854,469 to €809,153
of which Other tangible fixed assets: -€28,162
- Reserves +€95,166
up €95,166 (+23.4%), from €407,402 to €502,567
of which Distributable reserves: +€95,166
- Trade debts -€15,593
down €15,593 (-98.1%), from €15,894 to €301
- Tax, wage and social debts +€10,304
up €10,304 (+116.3%), from €8,864 to €19,168
- Gross operating margin +€141,923
up €141,923 (+233.2%), from €60,854 to €202,777
- Taxes +€45,232
up €45,232 (+1037.0%), from €4,362 to €49,594
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 | €939,640 | €1,018,481 | +€78,841 | +8.4% |
| Fixed assets | 21/28 | €854,469 | €809,153 | -€45,316 | -5.3% |
| Tangible fixed assets | 22/27 | €854,469 | €809,153 | -€45,316 | -5.3% |
| Furniture and vehicles | 24 | €49,783 | €32,629 | -€17,154 | -34.5% |
| Other tangible fixed assets | 26 | €804,686 | €776,524 | -€28,162 | -3.5% |
| Current assets | 29/58 | €85,172 | €209,328 | +€124,157 | +145.8% |
| Amounts receivable within one year | 40/41 | €51,823 | €49,272 | -€2,551 | -4.9% |
| Trade receivables | 40 | €13,161 | €32,260 | +€19,099 | +145.1% |
| Other amounts receivable | 41 | €38,662 | €17,012 | -€21,650 | -56.0% |
| Current investments | 50/53 | €1,133 | €1,137 | +€5 | +0.4% |
| Cash at bank and in hand | 54/58 | €29,642 | €156,043 | +€126,400 | +426.4% |
| Deferred charges and accrued income | 490/1 | €2,574 | €2,877 | +€302 | +11.7% |
| Total equity and liabilities | 10/49 | €939,640 | €1,018,481 | +€78,841 | +8.4% |
| Equity | 10/15 | €795,052 | €890,217 | +€95,166 | +12.0% |
| Contributions | 10/11 | €387,650 | €387,650 | = | 0.0% |
| Reserves | 13 | €407,402 | €502,567 | +€95,166 | +23.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €407,402 | €502,567 | +€95,166 | +23.4% |
| Amounts payable | 17/49 | €144,589 | €128,264 | -€16,325 | -11.3% |
| Amounts payable within one year | 42/48 | €135,378 | €120,757 | -€14,621 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,894 | €301 | -€15,593 | -98.1% |
| Suppliers | 440/4 | €15,894 | €301 | -€15,593 | -98.1% |
| Taxes, remuneration and social security | 45 | €8,864 | €19,168 | +€10,304 | +116.3% |
| Taxes | 450/3 | €8,864 | €19,168 | +€10,304 | +116.3% |
| Other amounts payable | 47/48 | €110,620 | €101,288 | -€9,332 | -8.4% |
| Accrued charges and deferred income | 492/3 | €9,211 | €7,507 | -€1,704 | -18.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,073 | €43,965 | -€109 | -0.2% |
| Other operating charges | 640/8 | €4,781 | €6,550 | +€1,768 | +37.0% |
| Gross operating margin | 9900 | €60,854 | €202,777 | +€141,923 | +233.2% |
| Operating profit (loss) | 9901 | €12,000 | €152,263 | +€140,263 | +1168.9% |
| Financial income | 75/76B | €76 | €44 | -€32 | -42.1% |
| Recurring financial income | 75 | €76 | €44 | -€32 | -42.1% |
| Financial charges | 65/66B | €9,458 | €7,548 | -€1,910 | -20.2% |
| Recurring financial charges | 65 | €9,458 | €7,548 | -€1,910 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €2,618 | €144,760 | +€142,142 | +5429.6% |
| Income taxes | 67/77 | €4,362 | €49,594 | +€45,232 | +1037.0% |
| Profit (loss) for the period | 9904 | -€1,744 | €95,166 | +€96,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,744 | €95,166 | +€96,910 |
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 5 October 2026 via checked.be.