EDEC: 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.
EDEC
Largest movements
- Receivables within one year +€183,753
up €183,753 (+599.2%), from €30,667 to €214,420
of which Other amounts receivable: +€189,445
- Deferred charges and accrued income -€181,732
no longer reported in 2025 (was €181,732)
- Tangible fixed assets +€15,750
new in 2025: €15,750
- Cash +€3,964
up €3,964 (+315.3%), from €1,257 to €5,222
mainly Deferred charges and accrued income (+€181,732) and Trade debts (+€15,021)
- Trade debts +€15,021
up €15,021 (+666.4%), from €2,254 to €17,276
- Profit (loss) carried forward +€8,228
up €8,228 (+48.2%), from €17,074 to €25,303
- Gross operating margin +€13,184
up €13,184 (+6.2%), from €211,838 to €225,022
- Staff costs +€11,270
up €11,270 (+5.8%), from €193,035 to €204,306
- Depreciation +€5,250
new in 2025: €5,250
- Other operating charges -€4,240
down €4,240 (-68.2%), from €6,216 to €1,976
- Taxes -€2,471
down €2,471 (-32.3%), from €7,648 to €5,177
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 | €217,180 | €238,915 | +€21,736 | +10.0% |
| Fixed assets | 21/28 | €3,524 | €19,274 | +€15,750 | +447.0% |
| Tangible fixed assets | 22/27 | - | €15,750 | +€15,750 | |
| Furniture and vehicles | 24 | - | €15,750 | +€15,750 | |
| Financial fixed assets | 28 | €3,524 | €3,524 | = | 0.0% |
| Current assets | 29/58 | €213,656 | €219,642 | +€5,986 | +2.8% |
| Amounts receivable within one year | 40/41 | €30,667 | €214,420 | +€183,753 | +599.2% |
| Trade receivables | 40 | €22,422 | €16,730 | -€5,691 | -25.4% |
| Other amounts receivable | 41 | €8,245 | €197,690 | +€189,445 | +2297.6% |
| Cash at bank and in hand | 54/58 | €1,257 | €5,222 | +€3,964 | +315.3% |
| Deferred charges and accrued income | 490/1 | €181,732 | - | -€181,732 | |
| Total equity and liabilities | 10/49 | €217,180 | €238,915 | +€21,736 | +10.0% |
| Equity | 10/15 | €177,526 | €185,754 | +€8,228 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €141,859 | €141,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,074 | €25,303 | +€8,228 | +48.2% |
| Amounts payable | 17/49 | €39,654 | €53,161 | +€13,507 | +34.1% |
| Amounts payable within one year | 42/48 | €39,654 | €53,161 | +€13,507 | +34.1% |
| Trade debts | 44 | €2,254 | €17,276 | +€15,021 | +666.4% |
| Suppliers | 440/4 | €2,254 | €17,276 | +€15,021 | +666.4% |
| Taxes, remuneration and social security | 45 | €37,400 | €35,886 | -€1,514 | -4.0% |
| Taxes | 450/3 | €8,033 | €9,777 | +€1,744 | +21.7% |
| Remuneration and social security | 454/9 | €29,367 | €26,108 | -€3,259 | -11.1% |
| Remuneration, social security and pensions | 62 | €193,035 | €204,306 | +€11,270 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,250 | +€5,250 | |
| Other operating charges | 640/8 | €6,216 | €1,976 | -€4,240 | -68.2% |
| Gross operating margin | 9900 | €211,838 | €225,022 | +€13,184 | +6.2% |
| Operating profit (loss) | 9901 | €12,587 | €13,491 | +€904 | +7.2% |
| Financial charges | 65/66B | €264 | €85 | -€179 | -67.7% |
| Recurring financial charges | 65 | €264 | €85 | -€179 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €12,323 | €13,406 | +€1,083 | +8.8% |
| Income taxes | 67/77 | €7,648 | €5,177 | -€2,471 | -32.3% |
| Profit (loss) for the period | 9904 | €4,675 | €8,228 | +€3,554 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,675 | €8,228 | +€3,554 | +76.0% |
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 6 October 2026 via checked.be.