EDECO: 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.
EDECO
Largest movements
- Cash +€32,810
up €32,810 (+55.0%), from €59,633 to €92,443
mainly Depreciation (+€19,140) and Other debts (+€15,820)
- Tangible fixed assets -€14,679
down €14,679 (-5.9%), from €247,643 to €232,963
of which Land and buildings: -€15,516
- Receivables within one year -€14,259
down €14,259 (-36.1%), from €39,532 to €25,272
of which Trade receivables: -€14,028
- Debts after one year -€25,266
down €25,266 (-32.2%), from €78,397 to €53,131
- Other debts +€15,820
up €15,820 (+5,244%), from €302 to €16,121
- Tax, wage and social debts +€8,273
up €8,273 (+92.5%), from €8,947 to €17,220
- Reserves +€6,396
up €6,396 (+4.6%), from €139,126 to €145,522
of which Distributable reserves: +€10,062
- Gross operating margin +€7,441
up €7,441 (+27.1%), from €27,417 to €34,858
- Depreciation +€7,142
up €7,142 (+59.5%), from €11,998 to €19,140
- Taxes +€890
up €890 (+21.4%), from €4,168 to €5,058
- Financial charges +€814
up €814 (+62.5%), from €1,302 to €2,116
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 | €394,502 | €399,274 | +€4,771 | +1.2% |
| Fixed assets | 21/28 | €249,438 | €234,758 | -€14,679 | -5.9% |
| Tangible fixed assets | 22/27 | €247,643 | €232,963 | -€14,679 | -5.9% |
| Land and buildings | 22 | €246,279 | €230,763 | -€15,516 | -6.3% |
| Furniture and vehicles | 24 | €1,363 | €2,200 | +€837 | +61.4% |
| Financial fixed assets | 28 | €1,795 | €1,795 | = | 0.0% |
| Current assets | 29/58 | €145,065 | €164,515 | +€19,450 | +13.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,532 | €25,272 | -€14,259 | -36.1% |
| Trade receivables | 40 | €39,300 | €25,272 | -€14,028 | -35.7% |
| Other amounts receivable | 41 | €232 | - | -€232 | |
| Cash at bank and in hand | 54/58 | €59,633 | €92,443 | +€32,810 | +55.0% |
| Deferred charges and accrued income | 490/1 | €900 | €1,800 | +€900 | +100% |
| Total equity and liabilities | 10/49 | €394,502 | €399,274 | +€4,771 | +1.2% |
| Equity | 10/15 | €281,460 | €287,856 | +€6,396 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,126 | €145,522 | +€6,396 | +4.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,854 | €69,189 | -€3,666 | -5.0% |
| Distributable reserves | 133 | €64,412 | €74,474 | +€10,062 | +15.6% |
| Profit (loss) carried forward | 14 | €136,135 | €136,135 | = | 0.0% |
| Provisions and deferred taxes | 16 | €24,285 | €23,063 | -€1,222 | -5.0% |
| Deferred taxes | 168 | €24,285 | €23,063 | -€1,222 | -5.0% |
| Amounts payable | 17/49 | €88,757 | €88,354 | -€403 | -0.5% |
| Amounts payable after more than one year | 17 | €78,397 | €53,131 | -€25,266 | -32.2% |
| Financial debts | 170/4 | €78,397 | €53,131 | -€25,266 | -32.2% |
| Amounts payable within one year | 42/48 | €10,360 | €35,223 | +€24,863 | +240% |
| Trade debts | 44 | €1,111 | €1,882 | +€771 | +69.3% |
| Suppliers | 440/4 | €1,111 | €1,882 | +€771 | +69.3% |
| Taxes, remuneration and social security | 45 | €8,947 | €17,220 | +€8,273 | +92.5% |
| Taxes | 450/3 | €8,947 | €17,220 | +€8,273 | +92.5% |
| Other amounts payable | 47/48 | €302 | €16,121 | +€15,820 | +5,244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,998 | €19,140 | +€7,142 | +59.5% |
| Other operating charges | 640/8 | €2,794 | €2,852 | +€58 | +2.1% |
| Gross operating margin | 9900 | €27,417 | €34,858 | +€7,441 | +27.1% |
| Operating profit (loss) | 9901 | €12,624 | €12,865 | +€241 | +1.9% |
| Financial income | 75/76B | €1,120 | €1,083 | -€37 | -3.3% |
| Recurring financial income | 75 | €1,120 | €1,083 | -€37 | -3.3% |
| Financial charges | 65/66B | €1,302 | €2,116 | +€814 | +62.5% |
| Recurring financial charges | 65 | €1,302 | €2,116 | +€814 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €12,442 | €11,832 | -€610 | -4.9% |
| Transfer from deferred taxes | 780 | €153 | €1,222 | +€1,069 | +700% |
| Income taxes | 67/77 | €4,168 | €5,058 | +€890 | +21.4% |
| Profit (loss) for the period | 9904 | €8,427 | €7,996 | -€431 | -5.1% |
| Transfer from tax-exempt reserves | 789 | €458 | €3,666 | +€3,207 | +700% |
| Profit (loss) for the period to be appropriated | 9905 | €8,885 | €11,662 | +€2,777 | +31.3% |
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 17 October 2026 via checked.be.