EDELMAN: 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.
EDELMAN
Largest movements
- Tangible fixed assets -€29,995
down €29,995 (-9.8%), from €306,208 to €276,213
of which Land and buildings: -€16,275
- Cash +€14,739
up €14,739 (+207.6%), from €7,100 to €21,839
mainly Depreciation (+€29,995) and Smaller working-capital items (+€0)
- Profit (loss) carried forward -€15,256
down €15,256 (-6.1%), from -€251,643 to -€266,899
- Gross operating margin +€18,582
up €18,582, from -€1,784 to €16,798
- Other operating charges -€217
down €217 (-10.2%), from €2,123 to €1,906
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 | €313,308 | €298,052 | -€15,256 | -4.9% |
| Fixed assets | 21/28 | €306,208 | €276,213 | -€29,995 | -9.8% |
| Tangible fixed assets | 22/27 | €306,208 | €276,213 | -€29,995 | -9.8% |
| Land and buildings | 22 | €272,554 | €256,279 | -€16,275 | -6.0% |
| Plant, machinery and equipment | 23 | €12,880 | €8,871 | -€4,009 | -31.1% |
| Furniture and vehicles | 24 | €20,774 | €11,063 | -€9,711 | -46.7% |
| Current assets | 29/58 | €7,100 | €21,839 | +€14,739 | +207.6% |
| Cash at bank and in hand | 54/58 | €7,100 | €21,839 | +€14,739 | +207.6% |
| Total equity and liabilities | 10/49 | €313,308 | €298,052 | -€15,256 | -4.9% |
| Equity | 10/15 | -€146,643 | -€161,899 | -€15,256 | -10.4% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,643 | -€266,899 | -€15,256 | -6.1% |
| Amounts payable | 17/49 | €459,951 | €459,951 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €459,951 | €459,951 | +€0 | 0.0% |
| Trade debts | 44 | €1,701 | €1,701 | -€0 | 0.0% |
| Suppliers | 440/4 | €1,701 | €1,701 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €458,249 | €458,250 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,995 | €29,995 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,123 | €1,906 | -€217 | -10.2% |
| Gross operating margin | 9900 | -€1,784 | €16,798 | +€18,582 | |
| Operating profit (loss) | 9901 | -€33,903 | -€15,103 | +€18,800 | +55.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €162 | €153 | -€9 | -5.4% |
| Recurring financial charges | 65 | €162 | €153 | -€9 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,064 | -€15,256 | +€18,808 | +55.2% |
| Income taxes | 67/77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | -€34,134 | -€15,256 | +€18,878 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,134 | -€15,256 | +€18,878 | +55.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.