Edcato: 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.
Edcato
Largest movements
- Tangible fixed assets -€71,031
down €71,031 (-6.6%), from €1.1m to €1.0m
- Cash +€43,723
up €43,723 (+215.5%), from €20,293 to €64,017
mainly Depreciation (+€71,031) and Accrued charges and deferred income (+€29,777)
- Debts after one year -€98,232
down €98,232 (-8.7%), from €1.1m to €1.0m
of which Financial debts: -€98,232
- Accrued charges and deferred income +€29,777
up €29,777 (+23.1%), from €128,829 to €158,606
- Profit (loss) carried forward +€28,696
up €28,696 (+10.5%), from -€272,600 to -€243,904
- Current portion of long-term debt +€12,842
up €12,842 (+15.1%), from €84,949 to €97,792
- Financial charges -€46,213
down €46,213 (-30.5%), from €151,370 to €105,157
- Gross operating margin +€40,240
up €40,240 (+21.3%), from €189,080 to €229,320
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 | €1,094,810 | €1,067,506 | -€27,304 | -2.5% |
| Fixed assets | 21/28 | €1,074,509 | €1,003,477 | -€71,031 | -6.6% |
| Tangible fixed assets | 22/27 | €1,074,509 | €1,003,477 | -€71,031 | -6.6% |
| Land and buildings | 22 | €1,074,509 | €1,003,477 | -€71,031 | -6.6% |
| Current assets | 29/58 | €20,302 | €64,029 | +€43,727 | +215.4% |
| Amounts receivable within one year | 40/41 | €8 | €12 | +€4 | +45.3% |
| Other amounts receivable | 41 | €8 | €12 | +€4 | +45.3% |
| Cash at bank and in hand | 54/58 | €20,293 | €64,017 | +€43,723 | +215.5% |
| Total equity and liabilities | 10/49 | €1,094,810 | €1,067,506 | -€27,304 | -2.5% |
| Equity | 10/15 | -€254,000 | -€225,304 | +€28,696 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,600 | -€243,904 | +€28,696 | +10.5% |
| Amounts payable | 17/49 | €1,348,810 | €1,292,810 | -€56,000 | -4.2% |
| Amounts payable after more than one year | 17 | €1,134,617 | €1,036,385 | -€98,232 | -8.7% |
| Financial debts | 170/4 | €384,617 | €286,385 | -€98,232 | -25.5% |
| Other amounts payable | 178/9 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,364 | €97,819 | +€12,455 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €84,949 | €97,792 | +€12,842 | +15.1% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €28 | €28 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €128,829 | €158,606 | +€29,777 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,031 | €71,031 | = | 0.0% |
| Other operating charges | 640/8 | €23,088 | €24,448 | +€1,360 | +5.9% |
| Gross operating margin | 9900 | €189,080 | €229,320 | +€40,240 | +21.3% |
| Operating profit (loss) | 9901 | €94,961 | €133,841 | +€38,880 | +40.9% |
| Financial income | 75/76B | €28 | €13 | -€15 | -54.7% |
| Recurring financial income | 75 | €28 | €13 | -€15 | -54.7% |
| Financial charges | 65/66B | €151,370 | €105,157 | -€46,213 | -30.5% |
| Recurring financial charges | 65 | €151,370 | €105,157 | -€46,213 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,381 | €28,696 | +€85,077 | |
| Profit (loss) for the period | 9904 | -€56,381 | €28,696 | +€85,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,381 | €28,696 | +€85,077 |
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 11 October 2026 via checked.be.