EDC: what changed
Two financial 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 +€127,977
up €127,977 (+88.6%), from €144,436 to €272,413
mainly Net result for the year (+€136,047) and Tax, wage and social debts (+€5,147)
- Deferred charges and accrued income +€17,466
up €17,466 (+16.3%), from €106,992 to €124,458
- Profit (loss) carried forward +€136,047
up €136,047 (+66.6%), from €204,147 to €340,194
- Tax, wage and social debts +€5,147
up €5,147 (+12.6%), from €40,777 to €45,924
- Gross operating margin +€20,822
up €20,822 (+13.5%), from €154,640 to €175,462
- Taxes +€5,162
up €5,162 (+15.3%), from €33,652 to €38,814
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 | €258,608 | €402,160 | +€143,552 | +55.5% |
| Fixed assets | 21/28 | €7,179 | €5,289 | -€1,890 | -26.3% |
| Tangible fixed assets | 22/27 | €2,179 | €1,289 | -€890 | -40.8% |
| Furniture and vehicles | 24 | €2,179 | €1,289 | -€890 | -40.8% |
| Financial fixed assets | 28 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Current assets | 29/58 | €251,429 | €396,871 | +€145,443 | +57.8% |
| Cash at bank and in hand | 54/58 | €144,436 | €272,413 | +€127,977 | +88.6% |
| Deferred charges and accrued income | 490/1 | €106,992 | €124,458 | +€17,466 | +16.3% |
| Total equity and liabilities | 10/49 | €258,608 | €402,160 | +€143,552 | +55.5% |
| Equity | 10/15 | €209,147 | €345,194 | +€136,047 | +65.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,147 | €340,194 | +€136,047 | +66.6% |
| Amounts payable | 17/49 | €49,460 | €56,966 | +€7,505 | +15.2% |
| Amounts payable within one year | 42/48 | €49,460 | €56,966 | +€7,505 | +15.2% |
| Trade debts | 44 | €2,486 | €2,487 | +€1 | +0.1% |
| Suppliers | 440/4 | €2,486 | €2,487 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €40,777 | €45,924 | +€5,147 | +12.6% |
| Taxes | 450/3 | €40,777 | €45,924 | +€5,147 | +12.6% |
| Other amounts payable | 47/48 | €6,198 | €8,555 | +€2,357 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €890 | +€399 | +81.2% |
| Other operating charges | 640/8 | €598 | €554 | -€44 | -7.3% |
| Gross operating margin | 9900 | €154,640 | €175,462 | +€20,822 | +13.5% |
| Operating profit (loss) | 9901 | €153,551 | €174,018 | +€20,467 | +13.3% |
| Financial income | 75/76B | - | €893 | +€893 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Non-recurring financial income | 76B | - | €843 | +€843 | |
| Financial charges | 65/66B | €44 | €50 | +€7 | +14.9% |
| Recurring financial charges | 65 | €44 | €50 | +€7 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €153,508 | €174,861 | +€21,353 | +13.9% |
| Income taxes | 67/77 | €33,652 | €38,814 | +€5,162 | +15.3% |
| Profit (loss) for the period | 9904 | €119,856 | €136,047 | +€16,191 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,856 | €136,047 | +€16,191 | +13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.