EDDRO: 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.
EDDRO
Largest movements
- Receivables within one year +€42,952
up €42,952 (+36.5%), from €117,526 to €160,479
of which Trade receivables: +€91,914
- Tangible fixed assets -€37,098
down €37,098 (-3.3%), from €1.1m to €1.1m
- Debts after one year -€97,475
down €97,475 (-8.7%), from €1.1m to €1.0m
- Trade debts +€51,956
up €51,956 (+2,489%), from €2,088 to €54,043
- Profit (loss) carried forward +€23,942
up €23,942 (+23.7%), from €100,944 to €124,886
- Tax, wage and social debts +€20,021
up €20,021 (+128%), from €15,651 to €35,673
of which Taxes: +€16,511
- Other debts +€18,848
up €18,848 (+990%), from €1,903 to €20,751
- Staff costs +€81,075
up €81,075 (+36.4%), from €222,937 to €304,012
- Gross operating margin +€58,533
up €58,533 (+14.9%), from €392,234 to €450,766
- Other operating charges -€31,336
down €31,336 (-84.5%), from €37,075 to €5,739
- Taxes +€14,269
new in 2025: €14,269
- Financial charges +€6,395
up €6,395 (+27.4%), from €23,376 to €29,770
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 | €1,498,742 | €1,515,921 | +€17,179 | +1.1% |
| Fixed assets | 21/28 | €1,115,156 | €1,078,058 | -€37,098 | -3.3% |
| Tangible fixed assets | 22/27 | €1,114,781 | €1,077,683 | -€37,098 | -3.3% |
| Land and buildings | 22 | €1,114,781 | €1,077,683 | -€37,098 | -3.3% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €383,586 | €437,863 | +€54,278 | +14.2% |
| Stocks and contracts in progress | 3 | €255,000 | €259,967 | +€4,967 | +1.9% |
| Stocks | 30/36 | €255,000 | €259,967 | +€4,967 | +1.9% |
| Amounts receivable within one year | 40/41 | €117,526 | €160,479 | +€42,952 | +36.5% |
| Trade receivables | 40 | €10,356 | €102,270 | +€91,914 | +888% |
| Other amounts receivable | 41 | €107,170 | €58,209 | -€48,962 | -45.7% |
| Cash at bank and in hand | 54/58 | €3,239 | €12,394 | +€9,155 | +283% |
| Deferred charges and accrued income | 490/1 | €7,820 | €5,023 | -€2,797 | -35.8% |
| Total equity and liabilities | 10/49 | €1,498,742 | €1,515,921 | +€17,179 | +1.1% |
| Equity | 10/15 | €256,556 | €278,300 | +€21,743 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €91,956 | €91,956 | = | 0.0% |
| Distributable reserves | 133 | €91,956 | €91,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,944 | €124,886 | +€23,942 | +23.7% |
| Investment grants | 15 | €43,656 | €41,457 | -€2,199 | -5.0% |
| Amounts payable | 17/49 | €1,242,185 | €1,237,621 | -€4,564 | -0.4% |
| Amounts payable after more than one year | 17 | €1,125,954 | €1,028,479 | -€97,475 | -8.7% |
| Financial debts | 170/4 | €1,125,954 | €1,028,479 | -€97,475 | -8.7% |
| Amounts payable within one year | 42/48 | €110,355 | €207,942 | +€97,587 | +88.4% |
| Current portion of amounts payable after more than one year | 42 | €90,713 | €97,475 | +€6,763 | +7.5% |
| Trade debts | 44 | €2,088 | €54,043 | +€51,956 | +2,489% |
| Suppliers | 440/4 | €2,088 | €54,043 | +€51,956 | +2,489% |
| Taxes, remuneration and social security | 45 | €15,651 | €35,673 | +€20,021 | +128% |
| Taxes | 450/3 | €2,178 | €18,689 | +€16,511 | +758% |
| Remuneration and social security | 454/9 | €13,474 | €16,984 | +€3,510 | +26.1% |
| Other amounts payable | 47/48 | €1,903 | €20,751 | +€18,848 | +990% |
| Accrued charges and deferred income | 492/3 | €5,876 | €1,200 | -€4,676 | -79.6% |
| Remuneration, social security and pensions | 62 | €222,937 | €304,012 | +€81,075 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,745 | €55,807 | +€1,061 | +1.9% |
| Other operating charges | 640/8 | €37,075 | €5,739 | -€31,336 | -84.5% |
| Gross operating margin | 9900 | €392,234 | €450,766 | +€58,533 | +14.9% |
| Operating profit (loss) | 9901 | €77,477 | €85,209 | +€7,731 | +10.0% |
| Financial income | 75/76B | €2,681 | €2,773 | +€92 | +3.4% |
| Recurring financial income | 75 | €2,681 | €2,773 | +€92 | +3.4% |
| Financial charges | 65/66B | €23,376 | €29,770 | +€6,395 | +27.4% |
| Recurring financial charges | 65 | €23,376 | €29,770 | +€6,395 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €56,783 | €58,211 | +€1,428 | +2.5% |
| Income taxes | 67/77 | - | €14,269 | +€14,269 | |
| Profit (loss) for the period | 9904 | €56,783 | €43,942 | -€12,840 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,783 | €43,942 | -€12,840 | -22.6% |
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 16 October 2026 via checked.be.