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 +€46,330
up €46,330 (+173.2%), from €26,751 to €73,081
mainly Net result for the year (+€30,998) and Tax, wage and social debts (+€7,761)
- Tangible fixed assets -€6,306
down €6,306 (-24.8%), from €25,406 to €19,100
of which Furniture and vehicles: -€5,404
- Reserves +€30,998
up €30,998 (+35.7%), from €86,774 to €117,772
- Tax, wage and social debts +€7,761
up €7,761 (+78.2%), from €9,926 to €17,687
of which Taxes: +€7,748
- Depreciation +€4,437
up €4,437 (+134.2%), from €3,307 to €7,744
- Gross operating margin -€2,118
down €2,118 (-3.9%), from €53,978 to €51,859
- Taxes -€1,491
down €1,491 (-11.0%), from €13,540 to €12,049
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 | €121,850 | €160,716 | +€38,866 | +31.9% |
| Fixed assets | 21/28 | €25,406 | €19,100 | -€6,306 | -24.8% |
| Tangible fixed assets | 22/27 | €25,406 | €19,100 | -€6,306 | -24.8% |
| Furniture and vehicles | 24 | €17,814 | €12,410 | -€5,404 | -30.3% |
| Other tangible fixed assets | 26 | €7,592 | €6,689 | -€902 | -11.9% |
| Current assets | 29/58 | €96,444 | €141,617 | +€45,173 | +46.8% |
| Amounts receivable within one year | 40/41 | €68,191 | €67,049 | -€1,141 | -1.7% |
| Trade receivables | 40 | €67,000 | €67,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,191 | €49 | -€1,141 | -95.8% |
| Cash at bank and in hand | 54/58 | €26,751 | €73,081 | +€46,330 | +173.2% |
| Deferred charges and accrued income | 490/1 | €1,503 | €1,486 | -€17 | -1.1% |
| Total equity and liabilities | 10/49 | €121,850 | €160,716 | +€38,866 | +31.9% |
| Equity | 10/15 | €105,374 | €136,372 | +€30,998 | +29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,774 | €117,772 | +€30,998 | +35.7% |
| Distributable reserves | 133 | €86,774 | €117,772 | +€30,998 | +35.7% |
| Amounts payable | 17/49 | €16,476 | €24,344 | +€7,868 | +47.8% |
| Amounts payable within one year | 42/48 | €16,476 | €24,344 | +€7,868 | +47.8% |
| Trade debts | 44 | €3,809 | €2,593 | -€1,215 | -31.9% |
| Suppliers | 440/4 | €3,809 | €2,593 | -€1,215 | -31.9% |
| Taxes, remuneration and social security | 45 | €9,926 | €17,687 | +€7,761 | +78.2% |
| Taxes | 450/3 | €7,821 | €15,569 | +€7,748 | +99.1% |
| Remuneration and social security | 454/9 | €2,105 | €2,118 | +€13 | +0.6% |
| Other amounts payable | 47/48 | €2,741 | €4,064 | +€1,323 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,307 | €7,744 | +€4,437 | +134.2% |
| Other operating charges | 640/8 | €1,109 | €988 | -€121 | -10.9% |
| Gross operating margin | 9900 | €53,978 | €51,859 | -€2,118 | -3.9% |
| Operating profit (loss) | 9901 | €49,561 | €43,127 | -€6,434 | -13.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €117 | €80 | -€37 | -31.7% |
| Recurring financial charges | 65 | €117 | €80 | -€37 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €49,444 | €43,047 | -€6,397 | -12.9% |
| Income taxes | 67/77 | €13,540 | €12,049 | -€1,491 | -11.0% |
| Profit (loss) for the period | 9904 | €35,904 | €30,998 | -€4,906 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,904 | €30,998 | -€4,906 | -13.7% |
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 12 October 2026 via checked.be.