EDEL en Co: 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 en Co
Largest movements
- Stocks and contracts +€530,493
up €530,493 (+21.8%), from €2.4m to €3.0m
- Cash +€166,930
up €166,930 (+310%), from €53,824 to €220,753
mainly Net result for the year (+€609,226) and Tax, wage and social debts (+€115,905)
- Receivables within one year -€72,833
down €72,833 (-13.4%), from €545,190 to €472,357
- Reserves +€609,226
up €609,226 (+66.0%), from €923,747 to €1.5m
of which Distributable reserves: +€609,226
- Tax, wage and social debts +€115,905
up €115,905 (+27.6%), from €420,352 to €536,257
of which Taxes: +€108,627
- Other debts -€50,510
down €50,510 (-9.8%), from €517,268 to €466,758
- Short-term financial debts -€47,799
down €47,799 (-4.6%), from €1.0m to €1.0m
- Gross operating margin +€346,803
up €346,803 (+43.4%), from €799,714 to €1.1m
- Taxes +€121,129
up €121,129 (+67.1%), from €180,532 to €301,661
- Financial charges -€26,292
down €26,292 (-40.5%), from €64,860 to €38,567
- Staff costs -€14,799
down €14,799 (-7.1%), from €208,591 to €193,792
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 | €3,052,531 | €3,677,755 | +€625,224 | +20.5% |
| Fixed assets | 21/28 | €12,360 | €9,421 | -€2,939 | -23.8% |
| Tangible fixed assets | 22/27 | €11,460 | €8,521 | -€2,939 | -25.6% |
| Plant, machinery and equipment | 23 | €1,306 | €635 | -€671 | -51.4% |
| Furniture and vehicles | 24 | €10,153 | €7,886 | -€2,268 | -22.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €3,040,172 | €3,668,334 | +€628,162 | +20.7% |
| Stocks and contracts in progress | 3 | €2,437,715 | €2,968,208 | +€530,493 | +21.8% |
| Stocks | 30/36 | €2,437,715 | €2,968,208 | +€530,493 | +21.8% |
| Amounts receivable within one year | 40/41 | €545,190 | €472,357 | -€72,833 | -13.4% |
| Trade receivables | 40 | €545,190 | €472,357 | -€72,833 | -13.4% |
| Cash at bank and in hand | 54/58 | €53,824 | €220,753 | +€166,930 | +310% |
| Deferred charges and accrued income | 490/1 | €3,443 | €7,016 | +€3,572 | +104% |
| Total equity and liabilities | 10/49 | €3,052,531 | €3,677,755 | +€625,224 | +20.5% |
| Equity | 10/15 | €1,023,724 | €1,632,950 | +€609,226 | +59.5% |
| Contributions | 10/11 | €99,977 | €99,977 | = | 0.0% |
| Capital | 10 | €99,977 | €99,977 | = | 0.0% |
| Issued capital | 100 | €99,977 | €99,977 | = | 0.0% |
| Reserves | 13 | €923,747 | €1,532,973 | +€609,226 | +66.0% |
| Non-distributable reserves | 130/1 | €9,998 | €9,998 | = | 0.0% |
| Legal reserve | 130 | €9,998 | €9,998 | = | 0.0% |
| Distributable reserves | 133 | €913,749 | €1,522,975 | +€609,226 | +66.7% |
| Amounts payable | 17/49 | €2,028,807 | €2,044,805 | +€15,998 | +0.8% |
| Amounts payable within one year | 42/48 | €2,028,807 | €2,026,805 | -€2,002 | -0.1% |
| Financial debts | 43 | €1,047,799 | €1,000,000 | -€47,799 | -4.6% |
| Credit institutions | 430/8 | €1,047,799 | €1,000,000 | -€47,799 | -4.6% |
| Trade debts | 44 | €43,389 | €23,790 | -€19,599 | -45.2% |
| Suppliers | 440/4 | €43,389 | €23,790 | -€19,599 | -45.2% |
| Taxes, remuneration and social security | 45 | €420,352 | €536,257 | +€115,905 | +27.6% |
| Taxes | 450/3 | €397,831 | €506,458 | +€108,627 | +27.3% |
| Remuneration and social security | 454/9 | €22,521 | €29,799 | +€7,278 | +32.3% |
| Other amounts payable | 47/48 | €517,268 | €466,758 | -€50,510 | -9.8% |
| Accrued charges and deferred income | 492/3 | €0 | €18,000 | +€18,000 | |
| Non-recurring operating income | 76A | - | €9,647 | +€9,647 | |
| Remuneration, social security and pensions | 62 | €208,591 | €193,792 | -€14,799 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,041 | €2,828 | -€3,212 | -53.2% |
| Other operating charges | 640/8 | €518 | €445 | -€73 | -14.0% |
| Gross operating margin | 9900 | €799,714 | €1,146,517 | +€346,803 | +43.4% |
| Operating profit (loss) | 9901 | €584,566 | €949,452 | +€364,886 | +62.4% |
| Financial income | 75/76B | €2,482 | €3 | -€2,479 | -99.9% |
| Recurring financial income | 75 | €2,482 | €3 | -€2,479 | -99.9% |
| Financial charges | 65/66B | €64,860 | €38,567 | -€26,292 | -40.5% |
| Recurring financial charges | 65 | €64,860 | €38,567 | -€26,292 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €522,188 | €910,887 | +€388,699 | +74.4% |
| Income taxes | 67/77 | €180,532 | €301,661 | +€121,129 | +67.1% |
| Profit (loss) for the period | 9904 | €341,655 | €609,226 | +€267,571 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €341,655 | €609,226 | +€267,571 | +78.3% |
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 25 October 2026 via checked.be.