EDC Management: 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 Management
Largest movements
- Cash +€94,008
up €94,008 (+55.1%), from €170,703 to €264,711
mainly Net result for the year (+€136,255)
- Receivables within one year +€24,200
up €24,200 (+23.3%), from €103,854 to €128,054
of which Trade receivables: +€24,200
- Reserves +€136,255
up €136,255 (+66.0%), from €206,457 to €342,712
- Tax, wage and social debts -€18,029
down €18,029 (-27.3%), from €66,159 to €48,129
- Gross operating margin +€25,795
up €25,795 (+15.4%), from €167,814 to €193,610
- Taxes +€8,179
up €8,179 (+16.8%), from €48,678 to €56,858
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,557 | €392,765 | +€118,208 | +43.1% |
| Current assets | 29/58 | €274,557 | €392,765 | +€118,208 | +43.1% |
| Amounts receivable within one year | 40/41 | €103,854 | €128,054 | +€24,200 | +23.3% |
| Trade receivables | 40 | €0 | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €103,854 | €103,854 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170,703 | €264,711 | +€94,008 | +55.1% |
| Total equity and liabilities | 10/49 | €274,557 | €392,765 | +€118,208 | +43.1% |
| Equity | 10/15 | €207,457 | €343,712 | +€136,255 | +65.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €206,457 | €342,712 | +€136,255 | +66.0% |
| Distributable reserves | 133 | €206,457 | €342,712 | +€136,255 | +66.0% |
| Amounts payable | 17/49 | €67,100 | €49,053 | -€18,047 | -26.9% |
| Amounts payable within one year | 42/48 | €67,100 | €49,053 | -€18,047 | -26.9% |
| Trade debts | 44 | €941 | €924 | -€17 | -1.8% |
| Suppliers | 440/4 | €941 | €924 | -€17 | -1.8% |
| Taxes, remuneration and social security | 45 | €66,159 | €48,129 | -€18,029 | -27.3% |
| Taxes | 450/3 | €66,159 | €48,129 | -€18,029 | -27.3% |
| Other operating charges | 640/8 | €449 | €450 | +€1 | +0.2% |
| Gross operating margin | 9900 | €167,814 | €193,610 | +€25,795 | +15.4% |
| Operating profit (loss) | 9901 | €167,366 | €193,160 | +€25,794 | +15.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €48 | €48 | +€0 | +0.2% |
| Recurring financial charges | 65 | €48 | €48 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €167,318 | €193,112 | +€25,794 | +15.4% |
| Income taxes | 67/77 | €48,678 | €56,858 | +€8,179 | +16.8% |
| Profit (loss) for the period | 9904 | €118,640 | €136,255 | +€17,615 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,640 | €136,255 | +€17,615 | +14.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.