EDELVIS: what changed
Two financial 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.
EDELVIS
Largest movements
- Receivables after one year +€55,392
new in 2025: €55,392
- Cash -€22,874
down €22,874 (-11.6%), from €197,028 to €174,153
mainly Contributions, distributions and other (-€100,833) and Receivables after one year (-€55,392)
- Receivables within one year +€18,706
up €18,706 (+18.0%), from €103,699 to €122,405
of which Trade receivables: +€14,372
- Tangible fixed assets +€14,238
up €14,238 (+33.9%), from €42,018 to €56,257
of which Other tangible fixed assets: +€18,688
- Intangible fixed assets -€10,274
down €10,274 (-32.2%), from €31,863 to €21,589
- Other debts +€69,082
up €69,082 (+132%), from €52,266 to €121,347
- Trade debts -€33,093
down €33,093 (-29.5%), from €112,230 to €79,138
- Reserves +€22,000
up €22,000 (+15.8%), from €139,554 to €161,554
of which Distributable reserves: +€22,000
- Debts after one year -€11,981
down €11,981 (-69.9%), from €17,141 to €5,160
- Tax, wage and social debts +€6,458
up €6,458 (+19.7%), from €32,830 to €39,288
of which Taxes: +€3,591
- Gross operating margin +€166,313
up €166,313 (+81.4%), from €204,239 to €370,552
- Staff costs +€60,738
up €60,738 (+52.5%), from €115,762 to €176,500
- Depreciation +€12,122
up €12,122 (+45.4%), from €26,724 to €38,846
- Other operating charges +€7,289
up €7,289 (+406%), from €1,795 to €9,084
- Taxes +€6,985
up €6,985 (+183%), from €3,815 to €10,800
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.
Derived cash bridge
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 | €392,269 | €444,895 | +€52,626 | +13.4% |
| Fixed assets | 21/28 | €74,386 | €78,351 | +€3,965 | +5.3% |
| Intangible fixed assets | 21 | €31,863 | €21,589 | -€10,274 | -32.2% |
| Tangible fixed assets | 22/27 | €42,018 | €56,257 | +€14,238 | +33.9% |
| Plant, machinery and equipment | 23 | €2,798 | €3,896 | +€1,098 | +39.2% |
| Furniture and vehicles | 24 | €35,872 | €30,325 | -€5,547 | -15.5% |
| Other tangible fixed assets | 26 | €3,348 | €22,035 | +€18,688 | +558% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €317,883 | €366,544 | +€48,661 | +15.3% |
| Amounts receivable after more than one year | 29 | - | €55,392 | +€55,392 | |
| Other amounts receivable | 291 | - | €55,392 | +€55,392 | |
| Stocks and contracts in progress | 3 | €12,455 | €12,857 | +€402 | +3.2% |
| Stocks | 30/36 | €12,455 | €12,857 | +€402 | +3.2% |
| Amounts receivable within one year | 40/41 | €103,699 | €122,405 | +€18,706 | +18.0% |
| Trade receivables | 40 | €4,077 | €18,449 | +€14,372 | +353% |
| Other amounts receivable | 41 | €99,622 | €103,956 | +€4,334 | +4.4% |
| Cash at bank and in hand | 54/58 | €197,028 | €174,153 | -€22,874 | -11.6% |
| Deferred charges and accrued income | 490/1 | €4,701 | €1,736 | -€2,965 | -63.1% |
| Total equity and liabilities | 10/49 | €392,269 | €444,895 | +€52,626 | +13.4% |
| Equity | 10/15 | €158,850 | €180,481 | +€21,631 | +13.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €139,554 | €161,554 | +€22,000 | +15.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €137,695 | €159,695 | +€22,000 | +16.0% |
| Profit (loss) carried forward | 14 | €704 | €335 | -€369 | -52.4% |
| Amounts payable | 17/49 | €233,419 | €264,414 | +€30,994 | +13.3% |
| Amounts payable after more than one year | 17 | €17,141 | €5,160 | -€11,981 | -69.9% |
| Financial debts | 170/4 | €17,141 | €5,160 | -€11,981 | -69.9% |
| Amounts payable within one year | 42/48 | €216,262 | €259,254 | +€42,993 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €11,435 | €11,981 | +€546 | +4.8% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Other loans | 439 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €112,230 | €79,138 | -€33,093 | -29.5% |
| Suppliers | 440/4 | €112,230 | €79,138 | -€33,093 | -29.5% |
| Taxes, remuneration and social security | 45 | €32,830 | €39,288 | +€6,458 | +19.7% |
| Taxes | 450/3 | €6,642 | €10,232 | +€3,591 | +54.1% |
| Remuneration and social security | 454/9 | €26,189 | €29,056 | +€2,867 | +10.9% |
| Other amounts payable | 47/48 | €52,266 | €121,347 | +€69,082 | +132% |
| Accrued charges and deferred income | 492/3 | €17 | €0 | -€17 | -100% |
| Non-recurring operating income | 76A | €8,071 | €0 | -€8,071 | -100% |
| Remuneration, social security and pensions | 62 | €115,762 | €176,500 | +€60,738 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,724 | €38,846 | +€12,122 | +45.4% |
| Other operating charges | 640/8 | €1,795 | €9,084 | +€7,289 | +406% |
| Non-recurring operating charges | 66A | - | €2,426 | +€2,426 | |
| Gross operating margin | 9900 | €204,239 | €370,552 | +€166,313 | +81.4% |
| Operating profit (loss) | 9901 | €59,959 | €143,697 | +€83,738 | +140% |
| Financial income | 75/76B | €96 | €487 | +€392 | +408% |
| Recurring financial income | 75 | €96 | €487 | +€392 | +408% |
| Financial charges | 65/66B | €10,571 | €10,919 | +€348 | +3.3% |
| Recurring financial charges | 65 | €10,571 | €10,919 | +€348 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €49,483 | €133,265 | +€83,781 | +169% |
| Income taxes | 67/77 | €3,815 | €10,800 | +€6,985 | +183% |
| Profit (loss) for the period | 9904 | €45,668 | €122,464 | +€76,796 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €45,668 | €122,464 | +€76,796 | +168% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.