EDCAVER: 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.
EDCAVER
Largest movements
- Cash +€46,720
up €46,720 (+22.8%), from €204,505 to €251,226
mainly Net result for the year (+€28,326) and Receivables within one year (+€12,104)
- Receivables within one year -€12,104
down €12,104 (-23.6%), from €51,355 to €39,251
of which Trade receivables: -€7,808
- Reserves +€27,493
up €27,493 (+25.6%), from €107,489 to €134,982
- Tax, wage and social debts +€3,463
up €3,463 (+14.7%), from €23,529 to €26,992
of which Remuneration and social security: +€4,823
- Gross operating margin +€87,626
up €87,626 (+74.4%), from €117,744 to €205,370
- Staff costs +€60,984
up €60,984 (+63.0%), from €96,836 to €157,820
- Taxes +€10,202
up €10,202 (+198%), from €5,160 to €15,362
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.
Derived cash bridge
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 | €257,858 | €291,688 | +€33,830 | +13.1% |
| Fixed assets | 21/28 | €548 | €387 | -€161 | -29.3% |
| Tangible fixed assets | 22/27 | €548 | €387 | -€161 | -29.3% |
| Furniture and vehicles | 24 | €548 | €387 | -€161 | -29.3% |
| Current assets | 29/58 | €257,310 | €291,300 | +€33,991 | +13.2% |
| Amounts receivable within one year | 40/41 | €51,355 | €39,251 | -€12,104 | -23.6% |
| Trade receivables | 40 | €34,571 | €26,763 | -€7,808 | -22.6% |
| Other amounts receivable | 41 | €16,784 | €12,488 | -€4,296 | -25.6% |
| Cash at bank and in hand | 54/58 | €204,505 | €251,226 | +€46,720 | +22.8% |
| Deferred charges and accrued income | 490/1 | €1,449 | €824 | -€625 | -43.2% |
| Total equity and liabilities | 10/49 | €257,858 | €291,688 | +€33,830 | +13.1% |
| Equity | 10/15 | €197,752 | €225,245 | +€27,493 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,489 | €134,982 | +€27,493 | +25.6% |
| Distributable reserves | 133 | €107,489 | €134,982 | +€27,493 | +25.6% |
| Profit (loss) carried forward | 14 | €84,063 | €84,063 | = | 0.0% |
| Amounts payable | 17/49 | €60,106 | €66,443 | +€6,337 | +10.5% |
| Amounts payable within one year | 42/48 | €60,106 | €66,443 | +€6,337 | +10.5% |
| Trade debts | 44 | €2,476 | €3,044 | +€567 | +22.9% |
| Suppliers | 440/4 | €2,476 | €3,044 | +€567 | +22.9% |
| Taxes, remuneration and social security | 45 | €23,529 | €26,992 | +€3,463 | +14.7% |
| Taxes | 450/3 | €6,518 | €5,159 | -€1,359 | -20.9% |
| Remuneration and social security | 454/9 | €17,011 | €21,833 | +€4,823 | +28.4% |
| Other amounts payable | 47/48 | €34,101 | €36,407 | +€2,306 | +6.8% |
| Remuneration, social security and pensions | 62 | €96,836 | €157,820 | +€60,984 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €161 | = | 0.0% |
| Other operating charges | 640/8 | €1,297 | €1,205 | -€92 | -7.1% |
| Gross operating margin | 9900 | €117,744 | €205,370 | +€87,626 | +74.4% |
| Operating profit (loss) | 9901 | €19,450 | €46,184 | +€26,734 | +137% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,995 | €2,495 | -€500 | -16.7% |
| Recurring financial charges | 65 | €2,995 | €2,495 | -€500 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €16,455 | €43,688 | +€27,233 | +166% |
| Income taxes | 67/77 | €5,160 | €15,362 | +€10,202 | +198% |
| Profit (loss) for the period | 9904 | €11,294 | €28,326 | +€17,032 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €11,294 | €28,326 | +€17,032 | +151% |
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 20 October 2026 via checked.be.