EdConsult: 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.
EdConsult
Largest movements
- Receivables within one year -€29,762
down €29,762 (-79.6%), from €37,374 to €7,611
of which Trade receivables: -€31,963
- Cash +€5,802
up €5,802 (+32.1%), from €18,100 to €23,903
mainly Receivables within one year (+€29,762) and Net result for the year (+€4,569)
- Tangible fixed assets -€2,304
down €2,304 (-36.8%), from €6,260 to €3,956
of which Plant, machinery and equipment: -€2,251
- Intangible fixed assets -€1,185
down €1,185 (-39.3%), from €3,015 to €1,830
- Tax, wage and social debts -€30,467
down €30,467 (-75.5%), from €40,363 to €9,895
of which Taxes: -€21,413
- Reserves +€4,569
up €4,569 (+21.4%), from €21,330 to €25,899
- Trade debts -€1,310
down €1,310 (-85.6%), from €1,530 to €220
- Current portion of long-term debt -€954
no longer reported in 2025 (was €954)
- Purchases and services +€103,280
new in 2025: €103,280
- Staff costs -€56,435
down €56,435 (-53.8%), from €104,872 to €48,437
- Gross operating margin -€54,677
down €54,677 (-46.5%), from €117,528 to €62,850
- Other operating charges -€14,312
down €14,312 (-90.6%), from €15,795 to €1,483
- Taxes +€2,196
up €2,196 (+215%), from €1,020 to €3,217
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 | €70,377 | €42,214 | -€28,162 | -40.0% |
| Formation expenses | 20 | €511 | €294 | -€217 | -42.4% |
| Fixed assets | 21/28 | €13,895 | €10,406 | -€3,489 | -25.1% |
| Intangible fixed assets | 21 | €3,015 | €1,830 | -€1,185 | -39.3% |
| Tangible fixed assets | 22/27 | €6,260 | €3,956 | -€2,304 | -36.8% |
| Plant, machinery and equipment | 23 | €6,096 | €3,845 | -€2,251 | -36.9% |
| Furniture and vehicles | 24 | €165 | €112 | -€53 | -32.2% |
| Financial fixed assets | 28 | €4,620 | €4,620 | = | 0.0% |
| Current assets | 29/58 | €55,971 | €31,514 | -€24,457 | -43.7% |
| Amounts receivable within one year | 40/41 | €37,374 | €7,611 | -€29,762 | -79.6% |
| Trade receivables | 40 | €37,374 | €5,410 | -€31,963 | -85.5% |
| Other amounts receivable | 41 | - | €2,201 | +€2,201 | |
| Cash at bank and in hand | 54/58 | €18,100 | €23,903 | +€5,802 | +32.1% |
| Deferred charges and accrued income | 490/1 | €497 | €0 | -€497 | -100% |
| Total equity and liabilities | 10/49 | €70,377 | €42,214 | -€28,162 | -40.0% |
| Equity | 10/15 | €27,530 | €32,099 | +€4,569 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,330 | €25,899 | +€4,569 | +21.4% |
| Distributable reserves | 133 | €21,330 | €25,899 | +€4,569 | +21.4% |
| Amounts payable | 17/49 | €42,847 | €10,115 | -€32,731 | -76.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,847 | €10,115 | -€32,731 | -76.4% |
| Current portion of amounts payable after more than one year | 42 | €954 | - | -€954 | |
| Trade debts | 44 | €1,530 | €220 | -€1,310 | -85.6% |
| Suppliers | 440/4 | €1,530 | €220 | -€1,310 | -85.6% |
| Taxes, remuneration and social security | 45 | €40,363 | €9,895 | -€30,467 | -75.5% |
| Taxes | 450/3 | €31,309 | €9,895 | -€21,413 | -68.4% |
| Remuneration and social security | 454/9 | €9,054 | €0 | -€9,054 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €103,280 | +€103,280 | |
| Remuneration, social security and pensions | 62 | €104,872 | €48,437 | -€56,435 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,584 | €3,534 | -€50 | -1.4% |
| Other operating charges | 640/8 | €15,795 | €1,483 | -€14,312 | -90.6% |
| Gross operating margin | 9900 | €117,528 | €62,850 | -€54,677 | -46.5% |
| Operating profit (loss) | 9901 | -€6,724 | €9,396 | +€16,120 | |
| Financial charges | 65/66B | €2,771 | €1,610 | -€1,161 | -41.9% |
| Recurring financial charges | 65 | €2,771 | €1,610 | -€1,161 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,495 | €7,786 | +€17,281 | |
| Income taxes | 67/77 | €1,020 | €3,217 | +€2,196 | +215% |
| Profit (loss) for the period | 9904 | -€10,516 | €4,569 | +€15,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,516 | €4,569 | +€15,085 |
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 27 October 2026 via checked.be.