EDC INVEST: what changed
What changed
EDC INVEST
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€26,913
2024 · €7,664+€19,249
Equity
€42,338
2024 · €15,425+€26,913
Cash
€119,234
2024 · €45,094+€74,140
Balance sheet total
€315,072
2024 · €298,456+€16,616
Largest movements
Assets
- Cash +€74,140
up €74,140 (+164%), from €45,094 to €119,234
mainly Stocks and contracts (+€63,954) and Net result for the year (+€26,913)
- Stocks and contracts -€63,954
down €63,954 (-25.3%), from €252,874 to €188,920
- Tangible fixed assets +€5,407
new in 2025: €5,407
Equity and liabilities
- Profit (loss) carried forward +€26,913
up €26,913 (+258%), from €10,425 to €37,338
- Tax, wage and social debts -€9,857
down €9,857 (-82.6%), from €11,937 to €2,080
Income statement
- Gross operating margin +€25,578
up €25,578 (+251%), from €10,192 to €35,770
- Taxes +€4,861
up €4,861 (+234%), from €2,080 to €6,941
- Depreciation +€1,336
new in 2025: €1,336
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,664
Gross operating margin
+€25,578
Depreciation
-€1,336
Other operating charges
-€119
Financial income
-€10
Financial charges
-€4
Taxes
-€4,861
Result 2025
€26,913
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,883
Investment
-€6,743
Financing
€0
Cash 2024
€45,094
From operations (derived)
+€80,883
Net result for the year
+€26,913
Depreciation
+€1,336
Stocks and contracts
+€63,954
Receivables within one year
-€439
Deferred charges and accrued income
-€584
Trade debts
-€895
Tax, wage and social debts
-€9,857
Other debts
+€454
Investment (derived)
-€6,743
Investment in fixed assets (net)
-€6,743
Cash 2025
€119,234
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,456 | €315,072 | +€16,616 | +5.6% |
| Fixed assets | 21/28 | - | €5,407 | +€5,407 | |
| Tangible fixed assets | 22/27 | - | €5,407 | +€5,407 | |
| Furniture and vehicles | 24 | - | €5,407 | +€5,407 | |
| Current assets | 29/58 | €298,456 | €309,664 | +€11,209 | +3.8% |
| Stocks and contracts in progress | 3 | €252,874 | €188,920 | -€63,954 | -25.3% |
| Stocks | 30/36 | €252,874 | €188,920 | -€63,954 | -25.3% |
| Amounts receivable within one year | 40/41 | €180 | €619 | +€439 | +244% |
| Trade receivables | 40 | €180 | €60 | -€120 | -66.8% |
| Other amounts receivable | 41 | - | €559 | +€559 | |
| Cash at bank and in hand | 54/58 | €45,094 | €119,234 | +€74,140 | +164% |
| Deferred charges and accrued income | 490/1 | €307 | €892 | +€584 | +190% |
| Total equity and liabilities | 10/49 | €298,456 | €315,072 | +€16,616 | +5.6% |
| Equity | 10/15 | €15,425 | €42,338 | +€26,913 | +174% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,425 | €37,338 | +€26,913 | +258% |
| Amounts payable | 17/49 | €283,030 | €272,733 | -€10,297 | -3.6% |
| Amounts payable after more than one year | 17 | €264,587 | €264,587 | = | 0.0% |
| Other amounts payable | 178/9 | €264,587 | €264,587 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,443 | €8,146 | -€10,297 | -55.8% |
| Trade debts | 44 | €3,633 | €2,738 | -€895 | -24.6% |
| Suppliers | 440/4 | €3,633 | €2,738 | -€895 | -24.6% |
| Taxes, remuneration and social security | 45 | €11,937 | €2,080 | -€9,857 | -82.6% |
| Taxes | 450/3 | €11,937 | €2,080 | -€9,857 | -82.6% |
| Other amounts payable | 47/48 | €2,873 | €3,327 | +€454 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,336 | +€1,336 | |
| Other operating charges | 640/8 | €387 | €506 | +€119 | +30.6% |
| Gross operating margin | 9900 | €10,192 | €35,770 | +€25,578 | +251% |
| Operating profit (loss) | 9901 | €9,805 | €33,928 | +€24,123 | +246% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €70 | €74 | +€4 | +5.1% |
| Recurring financial charges | 65 | €70 | €74 | +€4 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €9,745 | €33,854 | +€24,110 | +247% |
| Income taxes | 67/77 | €2,080 | €6,941 | +€4,861 | +234% |
| Profit (loss) for the period | 9904 | €7,664 | €26,913 | +€19,249 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €7,664 | €26,913 | +€19,249 | +251% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.