EDC: 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.
EDC
Largest movements
- Cash +€122,199
up €122,199 (+17804.5%), from €686 to €122,886
mainly Net result for the year (+€102,125) and Depreciation (+€80,301)
- Tangible fixed assets -€63,899
down €63,899 (-6.5%), from €988,649 to €924,750
of which Land and buildings: -€37,764
- Stocks and contracts -€23,528
down €23,528 (-46.3%), from €50,821 to €27,293
- Profit (loss) carried forward +€102,125
up €102,125 (+20.3%), from -€503,432 to -€401,307
- Debts after one year -€65,513
down €65,513 (-9.7%), from €675,708 to €610,195
of which Other amounts payable: -€65,513
- Gross operating margin +€29,803
up €29,803 (+17.9%), from €166,613 to €196,415
- Other operating charges -€27,002
down €27,002 (-66.8%), from €40,420 to €13,417
- Financial charges -€7,221
down €7,221 (-97.3%), from €7,424 to €203
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 | €1,043,210 | €1,078,097 | +€34,887 | +3.3% |
| Fixed assets | 21/28 | €988,649 | €924,750 | -€63,899 | -6.5% |
| Tangible fixed assets | 22/27 | €988,649 | €924,750 | -€63,899 | -6.5% |
| Land and buildings | 22 | €890,099 | €852,335 | -€37,764 | -4.2% |
| Plant, machinery and equipment | 23 | €1,570 | €1,235 | -€335 | -21.3% |
| Furniture and vehicles | 24 | €96,980 | €71,180 | -€25,800 | -26.6% |
| Current assets | 29/58 | €54,561 | €153,348 | +€98,787 | +181.1% |
| Stocks and contracts in progress | 3 | €50,821 | €27,293 | -€23,528 | -46.3% |
| Stocks | 30/36 | €50,821 | €27,293 | -€23,528 | -46.3% |
| Cash at bank and in hand | 54/58 | €686 | €122,886 | +€122,199 | +17804.5% |
| Deferred charges and accrued income | 490/1 | €3,054 | €3,170 | +€116 | +3.8% |
| Total equity and liabilities | 10/49 | €1,043,210 | €1,078,097 | +€34,887 | +3.3% |
| Equity | 10/15 | €244,215 | €346,340 | +€102,125 | +41.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €647,647 | €647,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €581,397 | €581,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€503,432 | -€401,307 | +€102,125 | +20.3% |
| Amounts payable | 17/49 | €798,995 | €731,757 | -€67,238 | -8.4% |
| Amounts payable after more than one year | 17 | €675,708 | €610,195 | -€65,513 | -9.7% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €675,708 | €610,195 | -€65,513 | -9.7% |
| Amounts payable within one year | 42/48 | €3,078 | €1,333 | -€1,745 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €453 | €965 | +€512 | +112.9% |
| Suppliers | 440/4 | €453 | €965 | +€512 | +112.9% |
| Taxes, remuneration and social security | 45 | €2,625 | €368 | -€2,257 | -86.0% |
| Taxes | 450/3 | €400 | €368 | -€32 | -8.0% |
| Remuneration and social security | 454/9 | €2,225 | €0 | -€2,225 | -100.0% |
| Accrued charges and deferred income | 492/3 | €120,210 | €120,230 | +€20 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,473 | €80,301 | +€828 | +1.0% |
| Other operating charges | 640/8 | €40,420 | €13,417 | -€27,002 | -66.8% |
| Gross operating margin | 9900 | €166,613 | €196,415 | +€29,803 | +17.9% |
| Operating profit (loss) | 9901 | €46,719 | €102,697 | +€55,977 | +119.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -78.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -78.4% |
| Financial charges | 65/66B | €7,424 | €203 | -€7,221 | -97.3% |
| Recurring financial charges | 65 | €7,424 | €203 | -€7,221 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €39,296 | €102,494 | +€63,197 | +160.8% |
| Income taxes | 67/77 | €400 | €368 | -€32 | -8.1% |
| Profit (loss) for the period | 9904 | €38,896 | €102,125 | +€63,230 | +162.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,896 | €102,125 | +€63,230 | +162.6% |
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 8 October 2026 via checked.be.