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.
What changed
EDECO
NACE 86.995, Nutrition and dietetics services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€175,946
2024 · €196,332-€20,386
Equity
€959,731
2024 · €883,785+€75,946
Cash
€233,726
2024 · €103,893+€129,833
Balance sheet total
€2.0m
2024 · €1.9m+€121,585
Largest movements
Assets
- Cash +€129,833
up €129,833 (+125.0%), from €103,893 to €233,726
mainly Net result for the year (+€175,946) and Depreciation (+€160,023)
- Current investments +€72,890
up €72,890 (+230.6%), from €31,610 to €104,500
- Tangible fixed assets -€72,171
down €72,171 (-4.6%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€56,464
Equity and liabilities
- Other debts +€93,676
up €93,676 (+995.2%), from €9,413 to €103,089
- Reserves +€75,946
up €75,946 (+8.8%), from €863,785 to €939,731
of which Distributable reserves: +€75,946
- Debts after one year -€65,505
down €65,505 (-9.9%), from €659,742 to €594,237
Income statement
- Gross operating margin +€78,499
up €78,499 (+7.8%), from €1.0m to €1.1m
- Staff costs +€74,502
up €74,502 (+13.6%), from €547,885 to €622,387
- Depreciation +€29,583
up €29,583 (+22.7%), from €130,440 to €160,023
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
€196,332
Gross operating margin
+€78,499
Staff costs
-€74,502
Depreciation
-€29,583
Other operating charges
-€2,168
Financial income
-€794
Financial charges
+€2,123
Taxes
+€6,040
Result 2025
€175,946
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
+€443,216
Investment
-€160,742
Financing
-€152,640
Cash 2024
€103,893
From operations (derived)
+€443,216
Net result for the year
+€175,946
Depreciation
+€160,023
Stocks and contracts
+€7,145
Receivables within one year
+€13,696
Deferred charges and accrued income
-€11,874
Trade debts
+€8,103
Tax, wage and social debts
-€7,973
Other debts
+€93,676
Accrued charges and deferred income
+€4,475
Investment (derived)
-€160,742
Investment in fixed assets (net)
-€87,852
Current investments
-€72,890
Financing
-€152,640
Debts after one year
-€65,505
Current portion of long-term debt
+€2,832
Short-term financial debts
+€10,033
Contributions, distributions and other
-€100,000
Cash 2025
€233,726
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,863,013 | €1,984,598 | +€121,585 | +6.5% |
| Fixed assets | 21/28 | €1,582,759 | €1,510,588 | -€72,171 | -4.6% |
| Tangible fixed assets | 22/27 | €1,581,649 | €1,509,478 | -€72,171 | -4.6% |
| Land and buildings | 22 | €1,184,152 | €1,153,967 | -€30,185 | -2.5% |
| Plant, machinery and equipment | 23 | €280,925 | €224,461 | -€56,464 | -20.1% |
| Furniture and vehicles | 24 | €115,269 | €130,302 | +€15,033 | +13.0% |
| Other tangible fixed assets | 26 | €1,303 | €748 | -€555 | -42.6% |
| Financial fixed assets | 28 | €1,110 | €1,110 | = | 0.0% |
| Current assets | 29/58 | €280,254 | €474,010 | +€193,756 | +69.1% |
| Stocks and contracts in progress | 3 | €87,908 | €80,762 | -€7,145 | -8.1% |
| Stocks | 30/36 | €87,908 | €80,762 | -€7,145 | -8.1% |
| Amounts receivable within one year | 40/41 | €48,139 | €34,443 | -€13,696 | -28.5% |
| Trade receivables | 40 | €33,238 | €21,804 | -€11,434 | -34.4% |
| Other amounts receivable | 41 | €14,901 | €12,638 | -€2,262 | -15.2% |
| Current investments | 50/53 | €31,610 | €104,500 | +€72,890 | +230.6% |
| Cash at bank and in hand | 54/58 | €103,893 | €233,726 | +€129,833 | +125.0% |
| Deferred charges and accrued income | 490/1 | €8,705 | €20,579 | +€11,874 | +136.4% |
| Total equity and liabilities | 10/49 | €1,863,013 | €1,984,598 | +€121,585 | +6.5% |
| Equity | 10/15 | €883,785 | €959,731 | +€75,946 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €863,785 | €939,731 | +€75,946 | +8.8% |
| 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 | €861,785 | €937,731 | +€75,946 | +8.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €979,228 | €1,024,867 | +€45,639 | +4.7% |
| Amounts payable after more than one year | 17 | €659,742 | €594,237 | -€65,505 | -9.9% |
| Financial debts | 170/4 | €659,742 | €594,237 | -€65,505 | -9.9% |
| Amounts payable within one year | 42/48 | €319,486 | €426,156 | +€106,670 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €96,589 | €99,422 | +€2,832 | +2.9% |
| Financial debts | 43 | €40,000 | €50,033 | +€10,033 | +25.1% |
| Credit institutions | 430/8 | €40,000 | €50,033 | +€10,033 | +25.1% |
| Trade debts | 44 | €106,486 | €114,588 | +€8,103 | +7.6% |
| Suppliers | 440/4 | €106,486 | €114,588 | +€8,103 | +7.6% |
| Taxes, remuneration and social security | 45 | €66,998 | €59,025 | -€7,973 | -11.9% |
| Taxes | 450/3 | €17,096 | €0 | -€17,096 | -100.0% |
| Remuneration and social security | 454/9 | €49,902 | €59,025 | +€9,123 | +18.3% |
| Other amounts payable | 47/48 | €9,413 | €103,089 | +€93,676 | +995.2% |
| Accrued charges and deferred income | 492/3 | €0 | €4,475 | +€4,475 | |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €547,885 | €622,387 | +€74,502 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,440 | €160,023 | +€29,583 | +22.7% |
| Other operating charges | 640/8 | €8,877 | €11,045 | +€2,168 | +24.4% |
| Gross operating margin | 9900 | €1,002,991 | €1,081,490 | +€78,499 | +7.8% |
| Operating profit (loss) | 9901 | €315,789 | €288,035 | -€27,754 | -8.8% |
| Financial income | 75/76B | €1,489 | €694 | -€794 | -53.4% |
| Recurring financial income | 75 | €786 | €694 | -€92 | -11.7% |
| Non-recurring financial income | 76B | €702 | €0 | -€702 | -100.0% |
| Financial charges | 65/66B | €25,957 | €23,833 | -€2,123 | -8.2% |
| Recurring financial charges | 65 | €25,957 | €23,833 | -€2,123 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €291,321 | €264,896 | -€26,426 | -9.1% |
| Income taxes | 67/77 | €94,990 | €88,950 | -€6,040 | -6.4% |
| Profit (loss) for the period | 9904 | €196,332 | €175,946 | -€20,386 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €196,332 | €175,946 | -€20,386 | -10.4% |
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 9 October 2026 via checked.be.