EDEBEX: what changed
Two fiscal 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.
What changed
EDEBEX
NACE 63.910, Web portal activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.8m-€336,102
Equity
€7.9m
2024 · €6.4m+€1.5m
Cash
€4.6m
2024 · €9.9m-€5.4m
Balance sheet total
€13.4m
2024 · €13.4m+€875
Largest movements
Assets
- Cash -€5.4m
down €5.4m (-54.2%), from €9.9m to €4.6m
mainly Current investments (-€4.1m) and Other debts (-€2.6m)
- Current investments +€4.1m
up €4.1m (+508.3%), from €797,971 to €4.9m
- Receivables within one year +€1.3m
up €1.3m (+175.7%), from €720,456 to €2.0m
of which Trade receivables: +€1.1m
Equity and liabilities
- Other debts -€2.6m
down €2.6m (-66.5%), from €4.0m to €1.3m
- Profit (loss) carried forward +€1.5m
up €1.5m (+40.3%), from €3.7m to €5.2m
- Trade debts +€970,863
up €970,863 (+45.0%), from €2.2m to €3.1m
- Tax, wage and social debts +€339,775
up €339,775 (+276.7%), from €122,792 to €462,568
of which Taxes: +€269,473
Income statement
- Gross operating margin -€693,657
down €693,657 (-18.6%), from €3.7m to €3.0m
- Write-downs -€559,632
down €559,632, from €155,594 to -€404,038
- Financial income +€436,994
up €436,994 (+388.5%), from €112,490 to €549,484
- Taxes +€329,018
up €329,018 (+413.4%), from €79,585 to €408,603
- Financial charges +€154,469
up €154,469 (+79.0%), from €195,449 to €349,918
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.
Result 2024
€1.8m
Gross operating margin
-€693,657
Staff costs
-€148,125
Depreciation
-€73,127
Write-downs
+€559,632
Provisions
+€106,422
Other operating charges
-€28,755
Other operating items
-€11,999
Financial income
+€436,994
Financial charges
-€154,469
Taxes
-€329,018
Result 2025
€1.5m
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.
From operations
-€455,297
Investment
-€4.7m
Financing
-€230,692
Cash 2024
€9.9m
From operations (derived)
-€455,297
Net result for the year
+€1.5m
Depreciation
+€563,639
Receivables after one year
+€19,116
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€3,746
Trade debts
+€970,863
Tax, wage and social debts
+€339,775
Other debts
-€2.6m
Accrued charges and deferred income
+€55,262
Investment (derived)
-€4.7m
Investment in fixed assets (net)
-€647,763
Current investments
-€4.1m
Financing
-€230,692
Debts after one year
-€132,576
Current portion of long-term debt
-€98,138
Short-term financial debts
+€22
Cash 2025
€4.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,372,690 | €13,373,564 | +€875 | 0.0% |
| Fixed assets | 21/28 | €1,694,004 | €1,778,128 | +€84,123 | +5.0% |
| Intangible fixed assets | 21 | €1,573,321 | €1,635,275 | +€61,954 | +3.9% |
| Tangible fixed assets | 22/27 | €59,409 | €81,578 | +€22,169 | +37.3% |
| Plant, machinery and equipment | 23 | €6,336 | €41,005 | +€34,668 | +547.2% |
| Furniture and vehicles | 24 | €10,560 | €6,268 | -€4,292 | -40.6% |
| Other tangible fixed assets | 26 | €42,513 | €34,305 | -€8,207 | -19.3% |
| Financial fixed assets | 28 | €61,275 | €61,275 | = | 0.0% |
| Current assets | 29/58 | €11,678,685 | €11,595,437 | -€83,249 | -0.7% |
| Amounts receivable after more than one year | 29 | €142,014 | €122,898 | -€19,116 | -13.5% |
| Other amounts receivable | 291 | €142,014 | €122,898 | -€19,116 | -13.5% |
| Amounts receivable within one year | 40/41 | €720,456 | €1,986,329 | +€1.3m | +175.7% |
| Trade receivables | 40 | €602,945 | €1,751,741 | +€1.1m | +190.5% |
| Other amounts receivable | 41 | €117,511 | €234,588 | +€117,076 | +99.6% |
| Current investments | 50/53 | €797,971 | €4,853,936 | +€4.1m | +508.3% |
| Cash at bank and in hand | 54/58 | €9,941,843 | €4,552,127 | -€5.4m | -54.2% |
| Deferred charges and accrued income | 490/1 | €76,401 | €80,147 | +€3,746 | +4.9% |
| Total equity and liabilities | 10/49 | €13,372,690 | €13,373,564 | +€875 | 0.0% |
| Equity | 10/15 | €6,439,481 | €7,946,951 | +€1.5m | +23.4% |
| Contributions | 10/11 | €2,526,144 | €2,526,144 | = | 0.0% |
| Capital | 10 | €1,713,740 | €1,713,740 | = | 0.0% |
| Issued capital | 100 | €1,713,740 | €1,713,740 | = | 0.0% |
| Outside capital | 11 | €812,405 | €812,405 | = | 0.0% |
| Share premium | 1100/10 | €812,405 | €812,405 | = | 0.0% |
| Reserves | 13 | €171,374 | €171,374 | = | 0.0% |
| Non-distributable reserves | 130/1 | €171,374 | €171,374 | = | 0.0% |
| Legal reserve | 130 | €171,374 | €171,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,741,963 | €5,249,433 | +€1.5m | +40.3% |
| Provisions and deferred taxes | 16 | €106,422 | €106,422 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €106,422 | €106,422 | = | 0.0% |
| Pensions and similar obligations | 160 | €106,422 | €106,422 | = | 0.0% |
| Amounts payable | 17/49 | €6,826,786 | €5,320,191 | -€1.5m | -22.1% |
| Amounts payable after more than one year | 17 | €132,576 | - | -€132,576 | |
| Financial debts | 170/4 | €132,576 | - | -€132,576 | |
| Amounts payable within one year | 42/48 | €6,693,986 | €5,264,704 | -€1.4m | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €438,944 | €340,806 | -€98,138 | -22.4% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €2,157,718 | €3,128,581 | +€970,863 | +45.0% |
| Suppliers | 440/4 | €2,157,718 | €3,128,581 | +€970,863 | +45.0% |
| Taxes, remuneration and social security | 45 | €122,792 | €462,568 | +€339,775 | +276.7% |
| Taxes | 450/3 | - | €269,473 | +€269,473 | |
| Remuneration and social security | 454/9 | €122,792 | €193,094 | +€70,302 | +57.3% |
| Other amounts payable | 47/48 | €3,974,532 | €1,332,728 | -€2.6m | -66.5% |
| Accrued charges and deferred income | 492/3 | €225 | €55,486 | +€55,262 | +24595.8% |
| Remuneration, social security and pensions | 62 | €904,188 | €1,052,313 | +€148,125 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490,512 | €563,639 | +€73,127 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €155,594 | -€404,038 | -€559,632 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €106,422 | - | -€106,422 | |
| Other operating charges | 640/8 | €66,558 | €95,313 | +€28,755 | +43.2% |
| Non-recurring operating charges | 66A | - | €11,999 | +€11,999 | |
| Gross operating margin | 9900 | €3,729,388 | €3,035,731 | -€693,657 | -18.6% |
| Operating profit (loss) | 9901 | €2,006,115 | €1,716,506 | -€289,609 | -14.4% |
| Financial income | 75/76B | €112,490 | €549,484 | +€436,994 | +388.5% |
| Recurring financial income | 75 | €112,490 | €549,484 | +€436,994 | +388.5% |
| Financial charges | 65/66B | €195,449 | €349,918 | +€154,469 | +79.0% |
| Recurring financial charges | 65 | €195,449 | €349,918 | +€154,469 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €1,923,156 | €1,916,073 | -€7,084 | -0.4% |
| Income taxes | 67/77 | €79,585 | €408,603 | +€329,018 | +413.4% |
| Profit (loss) for the period | 9904 | €1,843,571 | €1,507,470 | -€336,102 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,843,571 | €1,507,470 | -€336,102 | -18.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.