EDEL PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Cash +€27,600
up €27,600 (+140.1%), from €19,706 to €47,306
mainly Net result for the year (+€23,826) and Depreciation (+€7,177)
- Tangible fixed assets -€5,699
down €5,699 (-46.3%), from €12,301 to €6,602
of which Furniture and vehicles: -€5,371
- Receivables within one year -€5,378
down €5,378 (-11.1%), from €48,313 to €42,935
of which Other amounts receivable: -€4,362
- Reserves +€24,000
up €24,000 (+47.1%), from €51,000 to €75,000
- Tax, wage and social debts -€5,492
down €5,492 (-29.0%), from €18,912 to €13,420
- Trade debts -€1,117
down €1,117 (-37.0%), from €3,019 to €1,902
- Profit (loss) carried forward -€1,007
down €1,007 (-37.6%), from €2,680 to €1,672
- Gross operating margin +€38,111
up €38,111 (+101.3%), from €37,614 to €75,725
- Financial charges +€34,171
up €34,171 (+47459.4%), from €72 to €34,243
- Taxes +€1,190
up €1,190 (+13.5%), from €8,827 to €10,016
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 | €80,611 | €96,995 | +€16,384 | +20.3% |
| Fixed assets | 21/28 | €12,301 | €6,602 | -€5,699 | -46.3% |
| Tangible fixed assets | 22/27 | €12,301 | €6,602 | -€5,699 | -46.3% |
| Plant, machinery and equipment | 23 | €963 | €635 | -€328 | -34.1% |
| Furniture and vehicles | 24 | €11,338 | €5,967 | -€5,371 | -47.4% |
| Current assets | 29/58 | €68,309 | €90,392 | +€22,083 | +32.3% |
| Amounts receivable within one year | 40/41 | €48,313 | €42,935 | -€5,378 | -11.1% |
| Trade receivables | 40 | €17,279 | €16,262 | -€1,016 | -5.9% |
| Other amounts receivable | 41 | €31,034 | €26,672 | -€4,362 | -14.1% |
| Cash at bank and in hand | 54/58 | €19,706 | €47,306 | +€27,600 | +140.1% |
| Deferred charges and accrued income | 490/1 | €291 | €152 | -€139 | -47.8% |
| Total equity and liabilities | 10/49 | €80,611 | €96,995 | +€16,384 | +20.3% |
| Equity | 10/15 | €58,680 | €81,672 | +€22,993 | +39.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,000 | €75,000 | +€24,000 | +47.1% |
| Distributable reserves | 133 | €51,000 | €75,000 | +€24,000 | +47.1% |
| Profit (loss) carried forward | 14 | €2,680 | €1,672 | -€1,007 | -37.6% |
| Amounts payable | 17/49 | €21,931 | €15,322 | -€6,609 | -30.1% |
| Amounts payable within one year | 42/48 | €21,931 | €15,322 | -€6,609 | -30.1% |
| Trade debts | 44 | €3,019 | €1,902 | -€1,117 | -37.0% |
| Suppliers | 440/4 | €3,019 | €1,902 | -€1,117 | -37.0% |
| Taxes, remuneration and social security | 45 | €18,912 | €13,420 | -€5,492 | -29.0% |
| Taxes | 450/3 | €18,912 | €13,420 | -€5,492 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,711 | €7,177 | +€466 | +6.9% |
| Other operating charges | 640/8 | €474 | €463 | -€11 | -2.2% |
| Gross operating margin | 9900 | €37,614 | €75,725 | +€38,111 | +101.3% |
| Operating profit (loss) | 9901 | €30,429 | €68,085 | +€37,656 | +123.7% |
| Financial charges | 65/66B | €72 | €34,243 | +€34,171 | +47459.4% |
| Recurring financial charges | 65 | €72 | €34,243 | +€34,171 | +47459.4% |
| Profit (loss) for the period before taxes | 9903 | €30,357 | €33,842 | +€3,485 | +11.5% |
| Income taxes | 67/77 | €8,827 | €10,016 | +€1,190 | +13.5% |
| Profit (loss) for the period | 9904 | €21,530 | €23,826 | +€2,295 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,530 | €23,826 | +€2,295 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.