EDELVALK: 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.
What changed
EDELVALK
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€286,340
2023 · €246,775+€39,566
Equity
€279,478
2023 · -€6,863+€286,340
Cash
€185,972
2023 · €110,574+€75,398
Balance sheet total
€7.8m
2023 · €7.8m+€40,365
Largest movements
Assets
- Receivables within one year +€123,448
up €123,448 (+30.0%), from €410,829 to €534,277
of which Other amounts receivable: +€122,768
- Tangible fixed assets -€106,260
down €106,260 (-4.9%), from €2.2m to €2.0m
Equity and liabilities
- Profit (loss) carried forward +€286,340
up €286,340, from -€26,863 to €259,478
- Debts after one year -€230,000
down €230,000 (-3.1%), from €7.4m to €7.2m
Income statement
- Gross operating margin +€39,251
up €39,251 (+6.1%), from €642,639 to €681,890
From the 2023 result to the 2024 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.
Result 2023
€246,775
Gross operating margin
+€39,251
Depreciation
+€442
Other operating charges
+€5,089
Financial income
+€1,231
Financial charges
-€6,446
Result 2024
€286,340
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€305,398
Investment
€0
Financing
-€230,000
Cash 2023
€110,574
From operations (derived)
+€305,398
Net result for the year
+€286,340
Depreciation
+€106,260
Receivables within one year
-€123,448
Deferred charges and accrued income
+€52,221
Trade debts
-€13,657
Tax, wage and social debts
+€279
Accrued charges and deferred income
-€2,597
Financing
-€230,000
Debts after one year
-€230,000
Cash 2024
€185,972
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,764,744 | €7,805,109 | +€40,365 | +0.5% |
| Fixed assets | 21/28 | €2,153,439 | €2,047,180 | -€106,260 | -4.9% |
| Tangible fixed assets | 22/27 | €2,153,439 | €2,047,180 | -€106,260 | -4.9% |
| Land and buildings | 22 | €2,153,439 | €2,047,180 | -€106,260 | -4.9% |
| Current assets | 29/58 | €5,611,304 | €5,757,929 | +€146,625 | +2.6% |
| Amounts receivable after more than one year | 29 | €5,036,860 | €5,036,860 | = | 0.0% |
| Other amounts receivable | 291 | €5,036,860 | €5,036,860 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €410,829 | €534,277 | +€123,448 | +30.0% |
| Trade receivables | 40 | €0 | €680 | +€680 | |
| Other amounts receivable | 41 | €410,829 | €533,597 | +€122,768 | +29.9% |
| Current investments | 50/53 | €821 | €821 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,574 | €185,972 | +€75,398 | +68.2% |
| Deferred charges and accrued income | 490/1 | €52,221 | - | -€52,221 | |
| Total equity and liabilities | 10/49 | €7,764,744 | €7,805,109 | +€40,365 | +0.5% |
| Equity | 10/15 | -€6,863 | €279,478 | +€286,340 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,863 | €259,478 | +€286,340 | |
| Amounts payable | 17/49 | €7,771,606 | €7,525,631 | -€245,975 | -3.2% |
| Amounts payable after more than one year | 17 | €7,420,000 | €7,190,000 | -€230,000 | -3.1% |
| Financial debts | 170/4 | €7,420,000 | €7,190,000 | -€230,000 | -3.1% |
| Amounts payable within one year | 42/48 | €256,916 | €243,539 | -€13,378 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €230,000 | €230,000 | = | 0.0% |
| Trade debts | 44 | €26,916 | €13,260 | -€13,657 | -50.7% |
| Suppliers | 440/4 | €26,916 | €13,260 | -€13,657 | -50.7% |
| Taxes, remuneration and social security | 45 | - | €279 | +€279 | |
| Taxes | 450/3 | - | €279 | +€279 | |
| Accrued charges and deferred income | 492/3 | €94,690 | €92,093 | -€2,597 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,701 | €106,260 | -€442 | -0.4% |
| Other operating charges | 640/8 | €35,141 | €30,053 | -€5,089 | -14.5% |
| Gross operating margin | 9900 | €642,639 | €681,890 | +€39,251 | +6.1% |
| Operating profit (loss) | 9901 | €500,797 | €545,578 | +€44,781 | +8.9% |
| Financial income | 75/76B | €99,037 | €100,268 | +€1,231 | +1.2% |
| Recurring financial income | 75 | €99,037 | €100,268 | +€1,231 | +1.2% |
| Financial charges | 65/66B | €353,059 | €359,505 | +€6,446 | +1.8% |
| Recurring financial charges | 65 | €353,059 | €359,505 | +€6,446 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €246,775 | €286,340 | +€39,566 | +16.0% |
| Profit (loss) for the period | 9904 | €246,775 | €286,340 | +€39,566 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,775 | €286,340 | +€39,566 | +16.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.