EDEL DG CONSULT: 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 DG CONSULT
Largest movements
- Cash -€20,200
down €20,200 (-35.5%), from €56,889 to €36,689
mainly Trade debts (-€40,716) and Investment in fixed assets (net) (-€15,961)
- Receivables within one year +€14,811
up €14,811 (+43.7%), from €33,892 to €48,703
of which Trade receivables: +€19,421
- Tangible fixed assets +€11,547
up €11,547 (+54.2%), from €21,287 to €32,834
of which Other tangible fixed assets: +€6,071
- Deferred charges and accrued income -€2,962
down €2,962 (-17.7%), from €16,712 to €13,750
- Profit (loss) carried forward +€64,888
up €64,888 (+53.2%), from -€122,053 to -€57,165
- Trade debts -€40,716
down €40,716 (-90.8%), from €44,828 to €4,112
- Other debts -€13,754
down €13,754 (-20.1%), from €68,277 to €54,523
- Tax, wage and social debts -€7,221
down €7,221 (-29.1%), from €24,824 to €17,603
of which Taxes: -€9,685
- Gross operating margin +€174,350
up €174,350, from -€66,406 to €107,943
- Depreciation -€23,756
down €23,756 (-84.3%), from €28,170 to €4,414
- Staff costs +€14,186
up €14,186 (+98.0%), from €14,478 to €28,664
- Financial charges +€1,853
up €1,853 (+54.1%), from €3,423 to €5,275
- Taxes +€1,451
up €1,451 (+176%), from €826 to €2,276
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 | €128,779 | €131,975 | +€3,196 | +2.5% |
| Fixed assets | 21/28 | €21,287 | €32,834 | +€11,547 | +54.2% |
| Tangible fixed assets | 22/27 | €21,287 | €32,834 | +€11,547 | +54.2% |
| Plant, machinery and equipment | 23 | €276 | - | -€276 | |
| Furniture and vehicles | 24 | - | €5,752 | +€5,752 | |
| Other tangible fixed assets | 26 | €21,011 | €27,082 | +€6,071 | +28.9% |
| Current assets | 29/58 | €107,492 | €99,142 | -€8,351 | -7.8% |
| Amounts receivable within one year | 40/41 | €33,892 | €48,703 | +€14,811 | +43.7% |
| Trade receivables | 40 | €18,634 | €38,055 | +€19,421 | +104% |
| Other amounts receivable | 41 | €15,258 | €10,648 | -€4,610 | -30.2% |
| Cash at bank and in hand | 54/58 | €56,889 | €36,689 | -€20,200 | -35.5% |
| Deferred charges and accrued income | 490/1 | €16,712 | €13,750 | -€2,962 | -17.7% |
| Total equity and liabilities | 10/49 | €128,779 | €131,975 | +€3,196 | +2.5% |
| Equity | 10/15 | -€9,151 | €55,737 | +€64,888 | |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Contributions outside capital | 11 | €12,600 | €12,600 | = | 0.0% |
| Other | 1109/19 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €100,303 | €100,303 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €98,443 | €98,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,053 | -€57,165 | +€64,888 | +53.2% |
| Amounts payable | 17/49 | €137,930 | €76,238 | -€61,692 | -44.7% |
| Amounts payable within one year | 42/48 | €137,930 | €76,238 | -€61,692 | -44.7% |
| Trade debts | 44 | €44,828 | €4,112 | -€40,716 | -90.8% |
| Suppliers | 440/4 | €44,828 | €4,112 | -€40,716 | -90.8% |
| Taxes, remuneration and social security | 45 | €24,824 | €17,603 | -€7,221 | -29.1% |
| Taxes | 450/3 | €22,624 | €12,939 | -€9,685 | -42.8% |
| Remuneration and social security | 454/9 | €2,201 | €4,664 | +€2,464 | +112% |
| Other amounts payable | 47/48 | €68,277 | €54,523 | -€13,754 | -20.1% |
| Remuneration, social security and pensions | 62 | €14,478 | €28,664 | +€14,186 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,170 | €4,414 | -€23,756 | -84.3% |
| Other operating charges | 640/8 | €2,772 | €2,426 | -€346 | -12.5% |
| Non-recurring operating charges | 66A | €5,979 | - | -€5,979 | |
| Gross operating margin | 9900 | -€66,406 | €107,943 | +€174,350 | |
| Operating profit (loss) | 9901 | -€117,805 | €72,439 | +€190,244 | |
| Financial charges | 65/66B | €3,423 | €5,275 | +€1,853 | +54.1% |
| Recurring financial charges | 65 | €3,423 | €5,275 | +€1,853 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | -€121,228 | €67,164 | +€188,392 | |
| Income taxes | 67/77 | €826 | €2,276 | +€1,451 | +176% |
| Profit (loss) for the period | 9904 | -€122,053 | €64,888 | +€186,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€122,053 | €64,888 | +€186,941 |
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 27 October 2026 via checked.be.