EDELCO: 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.
EDELCO
Largest movements
- Tangible fixed assets -€6,393
down €6,393 (-56.1%), from €11,402 to €5,009
- Receivables within one year +€1,657
up €1,657 (+749.6%), from €221 to €1,878
of which Trade receivables: +€1,623
- Cash +€1,403
up €1,403 (+38223.7%), from €4 to €1,406
mainly Net result for the year (+€26,038) and Depreciation (+€6,393)
- Deferred charges and accrued income +€1,236
new in 2025: €1,236
- Other debts -€31,506
down €31,506 (-44.5%), from €70,840 to €39,334
- Profit (loss) carried forward +€26,038
up €26,038 (+38.5%), from -€67,592 to -€41,554
- Trade debts +€3,359
up €3,359 (+1415.9%), from €237 to €3,597
- Gross operating margin +€42,457
up €42,457, from -€1,341 to €41,116
- Write-downs +€7,727
new in 2025: €7,727
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 | €11,626 | €9,529 | -€2,097 | -18.0% |
| Fixed assets | 21/28 | €11,402 | €5,009 | -€6,393 | -56.1% |
| Tangible fixed assets | 22/27 | €11,402 | €5,009 | -€6,393 | -56.1% |
| Furniture and vehicles | 24 | €11,402 | €5,009 | -€6,393 | -56.1% |
| Current assets | 29/58 | €225 | €4,520 | +€4,295 | +1911.6% |
| Amounts receivable within one year | 40/41 | €221 | €1,878 | +€1,657 | +749.6% |
| Trade receivables | 40 | - | €1,623 | +€1,623 | |
| Other amounts receivable | 41 | €221 | €255 | +€34 | +15.4% |
| Cash at bank and in hand | 54/58 | €4 | €1,406 | +€1,403 | +38223.7% |
| Deferred charges and accrued income | 490/1 | - | €1,236 | +€1,236 | |
| Total equity and liabilities | 10/49 | €11,626 | €9,529 | -€2,097 | -18.0% |
| Equity | 10/15 | -€59,581 | -€33,543 | +€26,038 | +43.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,811 | €1,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,811 | €1,811 | = | 0.0% |
| Other | 1319 | €1,811 | €1,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,592 | -€41,554 | +€26,038 | +38.5% |
| Amounts payable | 17/49 | €71,207 | €43,072 | -€28,135 | -39.5% |
| Amounts payable within one year | 42/48 | €71,207 | €43,072 | -€28,135 | -39.5% |
| Trade debts | 44 | €237 | €3,597 | +€3,359 | +1415.9% |
| Suppliers | 440/4 | €237 | €3,597 | +€3,359 | +1415.9% |
| Taxes, remuneration and social security | 45 | €130 | €141 | +€11 | +8.4% |
| Taxes | 450/3 | €130 | €141 | +€11 | +8.4% |
| Other amounts payable | 47/48 | €70,840 | €39,334 | -€31,506 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,393 | €6,393 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,727 | +€7,727 | |
| Other operating charges | 640/8 | €916 | €562 | -€354 | -38.7% |
| Gross operating margin | 9900 | -€1,341 | €41,116 | +€42,457 | |
| Operating profit (loss) | 9901 | -€8,649 | €26,435 | +€35,084 | |
| Financial charges | 65/66B | €97 | €256 | +€158 | +162.4% |
| Recurring financial charges | 65 | €97 | €256 | +€158 | +162.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,746 | €26,179 | +€34,925 | |
| Income taxes | 67/77 | €74 | €141 | +€67 | +90.1% |
| Profit (loss) for the period | 9904 | -€8,820 | €26,038 | +€34,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,820 | €26,038 | +€34,859 |
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 5 October 2026 via checked.be.