EDEL: 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.
EDEL
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€594,736
down €594,736 (-53.4%), from €1.1m to €518,294
mainly Current investments (-€1.0m) and Other debts (-€177,272)
- Receivables within one year -€131,866
no longer reported in 2025 (was €131,866)
- Tangible fixed assets -€60,474
down €60,474 (-4.4%), from €1.4m to €1.3m
- Reserves +€330,947
up €330,947 (+12.5%), from €2.6m to €3.0m
of which Distributable reserves: +€330,947
- Other debts -€177,272
down €177,272 (-22.8%), from €776,764 to €599,492
- Gross operating margin +€200,920
up €200,920 (+57.6%), from €348,571 to €549,491
- Taxes +€54,275
up €54,275 (+90.3%), from €60,134 to €114,410
- Financial charges -€5,755
down €5,755 (-21.7%), from €26,474 to €20,719
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,542,723 | €4,733,300 | +€190,577 | +4.2% |
| Fixed assets | 21/28 | €3,263,785 | €3,203,310 | -€60,474 | -1.9% |
| Tangible fixed assets | 22/27 | €1,379,155 | €1,318,680 | -€60,474 | -4.4% |
| Land and buildings | 22 | €1,379,155 | €1,318,680 | -€60,474 | -4.4% |
| Financial fixed assets | 28 | €1,884,630 | €1,884,630 | = | 0.0% |
| Current assets | 29/58 | €1,278,938 | €1,529,989 | +€251,051 | +19.6% |
| Amounts receivable within one year | 40/41 | €131,866 | - | -€131,866 | |
| Other amounts receivable | 41 | €131,866 | - | -€131,866 | |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,113,031 | €518,294 | -€594,736 | -53.4% |
| Deferred charges and accrued income | 490/1 | €34,042 | €11,695 | -€22,346 | -65.6% |
| Total equity and liabilities | 10/49 | €4,542,723 | €4,733,300 | +€190,577 | +4.2% |
| Equity | 10/15 | €3,222,950 | €3,553,897 | +€330,947 | +10.3% |
| Contributions | 10/11 | €582,000 | €582,000 | = | 0.0% |
| Capital | 10 | €582,000 | €582,000 | = | 0.0% |
| Issued capital | 100 | €582,000 | €582,000 | = | 0.0% |
| Reserves | 13 | €2,640,950 | €2,971,897 | +€330,947 | +12.5% |
| Non-distributable reserves | 130/1 | €58,200 | €58,200 | = | 0.0% |
| Legal reserve | 130 | €58,200 | €58,200 | = | 0.0% |
| Distributable reserves | 133 | €2,582,750 | €2,913,697 | +€330,947 | +12.8% |
| Amounts payable | 17/49 | €1,319,773 | €1,179,403 | -€140,370 | -10.6% |
| Amounts payable within one year | 42/48 | €782,131 | €651,488 | -€130,644 | -16.7% |
| Trade debts | 44 | €2,668 | €2,359 | -€309 | -11.6% |
| Suppliers | 440/4 | €2,668 | €2,359 | -€309 | -11.6% |
| Taxes, remuneration and social security | 45 | €2,700 | €49,637 | +€46,937 | +1738.4% |
| Taxes | 450/3 | - | €46,937 | +€46,937 | |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €776,764 | €599,492 | -€177,272 | -22.8% |
| Accrued charges and deferred income | 492/3 | €537,641 | €527,915 | -€9,727 | -1.8% |
| Non-recurring operating income | 76A | - | €136,369 | +€136,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,474 | €60,474 | = | 0.0% |
| Other operating charges | 640/8 | €29,465 | €32,891 | +€3,426 | +11.6% |
| Gross operating margin | 9900 | €348,571 | €549,491 | +€200,920 | +57.6% |
| Operating profit (loss) | 9901 | €258,632 | €456,126 | +€197,493 | +76.4% |
| Financial income | 75/76B | €6,000 | €9,950 | +€3,950 | +65.8% |
| Recurring financial income | 75 | €6,000 | €9,950 | +€3,950 | +65.8% |
| Financial charges | 65/66B | €26,474 | €20,719 | -€5,755 | -21.7% |
| Recurring financial charges | 65 | €26,474 | €20,719 | -€5,755 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €238,158 | €445,357 | +€207,199 | +87.0% |
| Income taxes | 67/77 | €60,134 | €114,410 | +€54,275 | +90.3% |
| Profit (loss) for the period | 9904 | €178,024 | €330,947 | +€152,924 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €178,024 | €330,947 | +€152,924 | +85.9% |
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.