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
- Cash +€18,277
up €18,277 (+99.6%), from €18,349 to €36,626
mainly Net result for the year (+€16,554) and Tax, wage and social debts (+€7,754)
- Tangible fixed assets -€3,000
down €3,000 (-3.8%), from €79,966 to €76,965
of which Land and buildings: -€3,073
- Profit (loss) carried forward +€16,554
up €16,554 (+38.0%), from -€43,579 to -€27,025
- Tax, wage and social debts +€7,754
up €7,754 (+60.5%), from €12,813 to €20,566
of which Taxes: +€7,553
- Debts after one year -€4,472
down €4,472 (-7.6%), from €58,806 to €54,335
- Trade debts -€2,116
down €2,116 (-42.0%), from €5,034 to €2,918
- Other debts -€1,286
down €1,286 (-3.9%), from €33,362 to €32,077
- Gross operating margin +€17,205
up €17,205 (+29.4%), from €58,448 to €75,653
- Taxes +€3,932
up €3,932 (+1,063%), from €370 to €4,302
- Staff costs +€1,880
up €1,880 (+4.5%), from €41,722 to €43,601
- Depreciation -€874
down €874 (-17.3%), from €5,059 to €4,185
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 | €102,373 | €118,469 | +€16,096 | +15.7% |
| Fixed assets | 21/28 | €80,466 | €77,465 | -€3,000 | -3.7% |
| Tangible fixed assets | 22/27 | €79,966 | €76,965 | -€3,000 | -3.8% |
| Land and buildings | 22 | €78,473 | €75,400 | -€3,073 | -3.9% |
| Plant, machinery and equipment | 23 | - | €1,137 | +€1,137 | |
| Furniture and vehicles | 24 | €1,492 | €429 | -€1,064 | -71.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €21,907 | €41,004 | +€19,096 | +87.2% |
| Amounts receivable within one year | 40/41 | €714 | €387 | -€327 | -45.8% |
| Trade receivables | 40 | €186 | €29 | -€158 | -84.5% |
| Other amounts receivable | 41 | €527 | €358 | -€169 | -32.1% |
| Cash at bank and in hand | 54/58 | €18,349 | €36,626 | +€18,277 | +99.6% |
| Deferred charges and accrued income | 490/1 | €2,845 | €3,991 | +€1,145 | +40.3% |
| Total equity and liabilities | 10/49 | €102,373 | €118,469 | +€16,096 | +15.7% |
| Equity | 10/15 | -€13,120 | €3,434 | +€16,554 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,579 | -€27,025 | +€16,554 | +38.0% |
| Amounts payable | 17/49 | €115,493 | €115,035 | -€458 | -0.4% |
| Amounts payable after more than one year | 17 | €58,806 | €54,335 | -€4,472 | -7.6% |
| Financial debts | 170/4 | €58,806 | €54,335 | -€4,472 | -7.6% |
| Amounts payable within one year | 42/48 | €56,687 | €60,700 | +€4,013 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €5,076 | €4,472 | -€604 | -11.9% |
| Financial debts | 43 | €402 | €668 | +€266 | +66.3% |
| Credit institutions | 430/8 | €402 | €668 | +€266 | +66.3% |
| Trade debts | 44 | €5,034 | €2,918 | -€2,116 | -42.0% |
| Suppliers | 440/4 | €5,034 | €2,918 | -€2,116 | -42.0% |
| Taxes, remuneration and social security | 45 | €12,813 | €20,566 | +€7,754 | +60.5% |
| Taxes | 450/3 | €7,750 | €15,303 | +€7,553 | +97.4% |
| Remuneration and social security | 454/9 | €5,062 | €5,263 | +€201 | +4.0% |
| Other amounts payable | 47/48 | €33,362 | €32,077 | -€1,286 | -3.9% |
| Remuneration, social security and pensions | 62 | €41,722 | €43,601 | +€1,880 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,059 | €4,185 | -€874 | -17.3% |
| Other operating charges | 640/8 | €3,644 | €3,803 | +€158 | +4.3% |
| Non-recurring operating charges | 66A | €1,338 | - | -€1,338 | |
| Gross operating margin | 9900 | €58,448 | €75,653 | +€17,205 | +29.4% |
| Operating profit (loss) | 9901 | €6,685 | €24,064 | +€17,379 | +260% |
| Financial income | 75/76B | €151 | €1 | -€150 | -99.6% |
| Recurring financial income | 75 | €151 | €1 | -€150 | -99.6% |
| Financial charges | 65/66B | €2,674 | €3,209 | +€535 | +20.0% |
| Recurring financial charges | 65 | €2,674 | €3,209 | +€535 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €4,162 | €20,856 | +€16,694 | +401% |
| Income taxes | 67/77 | €370 | €4,302 | +€3,932 | +1,063% |
| Profit (loss) for the period | 9904 | €3,792 | €16,554 | +€12,762 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €3,792 | €16,554 | +€12,762 | +337% |
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 13 October 2026 via checked.be.