Edeca Consult: 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.
Edeca Consult
Largest movements
- Financial fixed assets +€517,202
up €517,202 (+1034.4%), from €50,000 to €567,202
- Current investments -€271,254
no longer reported in 2025 (was €271,254)
- Cash -€27,141
down €27,141 (-64.5%), from €42,093 to €14,952
mainly Investment in fixed assets (net) (-€517,202) and Contributions, distributions and other (-€145,000)
- Reserves +€262,330
up €262,330 (+311.8%), from €84,125 to €346,455
of which Distributable reserves: +€262,330
- Other debts -€66,000
down €66,000 (-28.0%), from €236,000 to €170,000
- Tax, wage and social debts +€24,422
up €24,422 (+103.5%), from €23,591 to €48,013
of which Taxes: +€24,422
- Gross operating margin +€221,058
up €221,058 (+64.1%), from €345,065 to €566,123
- Taxes +€94,415
up €94,415 (+112.4%), from €83,990 to €178,405
- Financial income +€20,610
up €20,610 (+170894.9%), from €12 to €20,622
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 | €364,673 | €585,486 | +€220,813 | +60.6% |
| Fixed assets | 21/28 | €51,093 | €568,016 | +€516,924 | +1011.7% |
| Tangible fixed assets | 22/27 | €1,093 | €815 | -€278 | -25.5% |
| Plant, machinery and equipment | 23 | €1,093 | €815 | -€278 | -25.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50,000 | €567,202 | +€517,202 | +1034.4% |
| Current assets | 29/58 | €313,580 | €17,469 | -€296,110 | -94.4% |
| Amounts receivable within one year | 40/41 | €0 | €2,160 | +€2,160 | |
| Trade receivables | 40 | €0 | €2,160 | +€2,160 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €271,254 | - | -€271,254 | |
| Cash at bank and in hand | 54/58 | €42,093 | €14,952 | -€27,141 | -64.5% |
| Deferred charges and accrued income | 490/1 | €233 | €357 | +€124 | +53.5% |
| Total equity and liabilities | 10/49 | €364,673 | €585,486 | +€220,813 | +60.6% |
| Equity | 10/15 | €104,127 | €366,460 | +€262,333 | +251.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,125 | €346,455 | +€262,330 | +311.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €82,125 | €344,455 | +€262,330 | +319.4% |
| Profit (loss) carried forward | 14 | €2 | €5 | +€3 | +204.5% |
| Amounts payable | 17/49 | €260,546 | €219,026 | -€41,520 | -15.9% |
| Amounts payable within one year | 42/48 | €260,546 | €219,026 | -€41,520 | -15.9% |
| Trade debts | 44 | €955 | €1,013 | +€58 | +6.1% |
| Suppliers | 440/4 | €955 | €1,013 | +€58 | +6.1% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,591 | €48,013 | +€24,422 | +103.5% |
| Taxes | 450/3 | €23,591 | €48,013 | +€24,422 | +103.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €236,000 | €170,000 | -€66,000 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €278 | +€5 | +1.9% |
| Other operating charges | 640/8 | €534 | €545 | +€10 | +1.9% |
| Gross operating margin | 9900 | €345,065 | €566,123 | +€221,058 | +64.1% |
| Operating profit (loss) | 9901 | €344,258 | €565,300 | +€221,043 | +64.2% |
| Financial income | 75/76B | €12 | €20,622 | +€20,610 | +170894.9% |
| Recurring financial income | 75 | €12 | €20,622 | +€20,610 | +170894.9% |
| Financial charges | 65/66B | €153 | €184 | +€31 | +20.2% |
| Recurring financial charges | 65 | €153 | €184 | +€31 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €344,117 | €585,738 | +€241,622 | +70.2% |
| Income taxes | 67/77 | €83,990 | €178,405 | +€94,415 | +112.4% |
| Profit (loss) for the period | 9904 | €260,127 | €407,333 | +€147,207 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €260,127 | €407,333 | +€147,207 | +56.6% |
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 4 October 2026 via checked.be.