EDC-Con: 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-Con
Largest movements
- Tangible fixed assets -€18,592
down €18,592 (-3.8%), from €490,823 to €472,231
- Cash -€11,944
down €11,944 (-45.3%), from €26,377 to €14,433
mainly Debts after one year (-€60,697) and Other debts (-€19,976)
- Receivables within one year -€7,722
down €7,722 (-39.7%), from €19,446 to €11,724
of which Other amounts receivable: -€4,000
- Reserves +€63,701
up €63,701 (+44.1%), from €144,373 to €208,073
- Debts after one year -€60,697
down €60,697 (-31.1%), from €195,244 to €134,547
- Other debts -€19,976
down €19,976 (-10.9%), from €183,077 to €163,101
- Trade debts -€8,304
down €8,304 (-67.1%), from €12,374 to €4,070
- Other operating charges -€100,640
down €100,640 (-96.8%), from €104,013 to €3,373
- Write-downs +€100,000
up €100,000, from -€100,000 to €0
- Depreciation -€3,897
down €3,897 (-12.6%), from €30,897 to €27,001
- Taxes -€2,959
down €2,959 (-12.6%), from €23,435 to €20,477
- Financial charges -€2,577
down €2,577 (-16.8%), from €15,382 to €12,805
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 | €654,989 | €619,446 | -€35,543 | -5.4% |
| Fixed assets | 21/28 | €490,823 | €472,231 | -€18,592 | -3.8% |
| Tangible fixed assets | 22/27 | €490,823 | €472,231 | -€18,592 | -3.8% |
| Land and buildings | 22 | €397,099 | €389,888 | -€7,210 | -1.8% |
| Plant, machinery and equipment | 23 | €4,350 | - | -€4,350 | |
| Furniture and vehicles | 24 | €6,436 | €8,502 | +€2,066 | +32.1% |
| Other tangible fixed assets | 26 | €82,939 | €73,841 | -€9,098 | -11.0% |
| Current assets | 29/58 | €164,166 | €147,215 | -€16,951 | -10.3% |
| Amounts receivable within one year | 40/41 | €19,446 | €11,724 | -€7,722 | -39.7% |
| Trade receivables | 40 | €15,446 | €11,724 | -€3,722 | -24.1% |
| Other amounts receivable | 41 | €4,000 | €0 | -€4,000 | -100.0% |
| Current investments | 50/53 | €114,427 | €115,561 | +€1,134 | +1.0% |
| Cash at bank and in hand | 54/58 | €26,377 | €14,433 | -€11,944 | -45.3% |
| Deferred charges and accrued income | 490/1 | €3,915 | €5,498 | +€1,582 | +40.4% |
| Total equity and liabilities | 10/49 | €654,989 | €619,446 | -€35,543 | -5.4% |
| Equity | 10/15 | €162,973 | €226,673 | +€63,701 | +39.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,373 | €208,073 | +€63,701 | +44.1% |
| Distributable reserves | 133 | €144,373 | €208,073 | +€63,701 | +44.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €492,017 | €392,773 | -€99,244 | -20.2% |
| Amounts payable after more than one year | 17 | €195,244 | €134,547 | -€60,697 | -31.1% |
| Financial debts | 170/4 | €195,244 | €134,547 | -€60,697 | -31.1% |
| Amounts payable within one year | 42/48 | €296,723 | €258,225 | -€38,498 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €66,156 | €60,697 | -€5,459 | -8.3% |
| Financial debts | 43 | €75 | €592 | +€517 | +689.3% |
| Credit institutions | 430/8 | €75 | €592 | +€517 | +689.3% |
| Trade debts | 44 | €12,374 | €4,070 | -€8,304 | -67.1% |
| Suppliers | 440/4 | €12,374 | €4,070 | -€8,304 | -67.1% |
| Taxes, remuneration and social security | 45 | €35,041 | €29,765 | -€5,276 | -15.1% |
| Taxes | 450/3 | €35,041 | €29,765 | -€5,276 | -15.1% |
| Other amounts payable | 47/48 | €183,077 | €163,101 | -€19,976 | -10.9% |
| Accrued charges and deferred income | 492/3 | €49 | €0 | -€49 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,897 | €27,001 | -€3,897 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€100,000 | €0 | +€100,000 | |
| Other operating charges | 640/8 | €104,013 | €3,373 | -€100,640 | -96.8% |
| Gross operating margin | 9900 | €123,570 | €122,969 | -€602 | -0.5% |
| Operating profit (loss) | 9901 | €88,660 | €92,595 | +€3,936 | +4.4% |
| Financial income | 75/76B | €3,355 | €4,388 | +€1,032 | +30.8% |
| Recurring financial income | 75 | €3,355 | €4,388 | +€1,032 | +30.8% |
| Financial charges | 65/66B | €15,382 | €12,805 | -€2,577 | -16.8% |
| Recurring financial charges | 65 | €15,382 | €12,805 | -€2,577 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €76,632 | €84,177 | +€7,545 | +9.8% |
| Income taxes | 67/77 | €23,435 | €20,477 | -€2,959 | -12.6% |
| Profit (loss) for the period | 9904 | €53,197 | €63,701 | +€10,504 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,197 | €63,701 | +€10,504 | +19.7% |
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 3 October 2026 via checked.be.