EDELFISK: 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.
EDELFISK
Largest movements
- Cash +€68,855
up €68,855 (+168.8%), from €40,789 to €109,645
mainly Net result for the year (+€55,165) and Receivables within one year (+€18,102)
- Receivables within one year -€18,102
down €18,102 (-51.9%), from €34,904 to €16,802
of which Trade receivables: -€19,178
- Intangible fixed assets -€2,450
down €2,450 (-21.1%), from €11,585 to €9,135
- Tangible fixed assets +€1,587
up €1,587 (+40.7%), from €3,898 to €5,484
of which Plant, machinery and equipment: +€2,386
- Profit (loss) carried forward +€53,499
up €53,499 (+178.6%), from €29,953 to €83,452
- Other debts -€13,680
down €13,680 (-62.7%), from €21,811 to €8,130
- Trade debts +€5,617
up €5,617 (+22.6%), from €24,820 to €30,437
- Tax, wage and social debts +€5,163
up €5,163 (+34.7%), from €14,895 to €20,057
of which Taxes: +€3,506
- Gross operating margin +€39,335
up €39,335 (+95.1%), from €41,373 to €80,708
- Taxes +€6,389
up €6,389 (+78.2%), from €8,168 to €14,557
- Depreciation +€3,395
up €3,395 (+267.2%), from €1,271 to €4,666
- Staff costs +€3,175
new in 2025: €3,175
- Financial charges +€1,440
up €1,440 (+456.2%), from €316 to €1,756
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 | €94,478 | €145,077 | +€50,599 | +53.6% |
| Formation expenses | 20 | €803 | €0 | -€803 | -100.0% |
| Fixed assets | 21/28 | €15,483 | €14,620 | -€863 | -5.6% |
| Intangible fixed assets | 21 | €11,585 | €9,135 | -€2,450 | -21.1% |
| Tangible fixed assets | 22/27 | €3,898 | €5,484 | +€1,587 | +40.7% |
| Plant, machinery and equipment | 23 | €758 | €3,144 | +€2,386 | +315.0% |
| Furniture and vehicles | 24 | €3,140 | €2,340 | -€800 | -25.5% |
| Current assets | 29/58 | €78,192 | €130,457 | +€52,265 | +66.8% |
| Stocks and contracts in progress | 3 | €2,387 | €3,279 | +€892 | +37.4% |
| Stocks | 30/36 | €2,387 | €3,279 | +€892 | +37.4% |
| Amounts receivable within one year | 40/41 | €34,904 | €16,802 | -€18,102 | -51.9% |
| Trade receivables | 40 | €33,716 | €14,538 | -€19,178 | -56.9% |
| Other amounts receivable | 41 | €1,188 | €2,264 | +€1,076 | +90.6% |
| Cash at bank and in hand | 54/58 | €40,789 | €109,645 | +€68,855 | +168.8% |
| Deferred charges and accrued income | 490/1 | €111 | €731 | +€620 | +556.2% |
| Total equity and liabilities | 10/49 | €94,478 | €145,077 | +€50,599 | +53.6% |
| Equity | 10/15 | €32,953 | €86,452 | +€53,499 | +162.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,953 | €83,452 | +€53,499 | +178.6% |
| Amounts payable | 17/49 | €61,525 | €58,625 | -€2,900 | -4.7% |
| Amounts payable within one year | 42/48 | €61,525 | €58,625 | -€2,900 | -4.7% |
| Trade debts | 44 | €24,820 | €30,437 | +€5,617 | +22.6% |
| Suppliers | 440/4 | €24,820 | €30,437 | +€5,617 | +22.6% |
| Taxes, remuneration and social security | 45 | €14,895 | €20,057 | +€5,163 | +34.7% |
| Taxes | 450/3 | €14,895 | €18,400 | +€3,506 | +23.5% |
| Remuneration and social security | 454/9 | - | €1,657 | +€1,657 | |
| Other amounts payable | 47/48 | €21,811 | €8,130 | -€13,680 | -62.7% |
| Remuneration, social security and pensions | 62 | - | €3,175 | +€3,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,271 | €4,666 | +€3,395 | +267.2% |
| Other operating charges | 640/8 | - | €389 | +€389 | |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €41,373 | €80,708 | +€39,335 | +95.1% |
| Operating profit (loss) | 9901 | €40,102 | €71,478 | +€31,376 | +78.2% |
| Financial charges | 65/66B | €316 | €1,756 | +€1,440 | +456.2% |
| Recurring financial charges | 65 | €316 | €1,756 | +€1,440 | +456.2% |
| Profit (loss) for the period before taxes | 9903 | €39,787 | €69,722 | +€29,936 | +75.2% |
| Income taxes | 67/77 | €8,168 | €14,557 | +€6,389 | +78.2% |
| Profit (loss) for the period | 9904 | €31,619 | €55,165 | +€23,546 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,619 | €55,165 | +€23,546 | +74.5% |
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.