EDELWEISS: 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.
EDELWEISS
Largest movements
- Tangible fixed assets -€13,216
down €13,216 (-2.2%), from €609,188 to €595,972
- Current portion of long-term debt -€16,185
no longer reported in 2025 (was €16,185)
- Profit (loss) carried forward -€13,118
down €13,118 (-3.1%), from -€418,534 to -€431,653
- Debts after one year +€8,592
up €8,592 (+2.5%), from €337,602 to €346,194
- Trade debts +€6,894
up €6,894 (+34.4%), from €20,030 to €26,924
- Financial charges -€9,045
down €9,045 (-36.4%), from €24,842 to €15,796
- Gross operating margin -€2,448
down €2,448 (-6.5%), from €37,460 to €35,012
- Depreciation +€2,378
up €2,378 (+9.0%), from €26,294 to €28,672
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 | €625,196 | €611,355 | -€13,841 | -2.2% |
| Fixed assets | 21/28 | €609,188 | €595,972 | -€13,216 | -2.2% |
| Tangible fixed assets | 22/27 | €609,188 | €595,972 | -€13,216 | -2.2% |
| Land and buildings | 22 | €609,188 | €595,972 | -€13,216 | -2.2% |
| Current assets | 29/58 | €16,009 | €15,383 | -€626 | -3.9% |
| Amounts receivable within one year | 40/41 | €1,439 | €199 | -€1,240 | -86.2% |
| Trade receivables | 40 | €1,325 | - | -€1,325 | |
| Other amounts receivable | 41 | €114 | €199 | +€85 | +74.1% |
| Cash at bank and in hand | 54/58 | €14,569 | €15,184 | +€615 | +4.2% |
| Total equity and liabilities | 10/49 | €625,196 | €611,355 | -€13,841 | -2.2% |
| Equity | 10/15 | -€375,184 | -€388,303 | -€13,118 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | €24,045 | €24,045 | = | 0.0% |
| Reserves | 13 | €705 | €705 | = | 0.0% |
| Distributable reserves | 133 | €705 | €705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,534 | -€431,653 | -€13,118 | -3.1% |
| Amounts payable | 17/49 | €1,000,381 | €999,658 | -€723 | -0.1% |
| Amounts payable after more than one year | 17 | €337,602 | €346,194 | +€8,592 | +2.5% |
| Other amounts payable | 178/9 | €337,602 | €346,194 | +€8,592 | +2.5% |
| Amounts payable within one year | 42/48 | €662,779 | €653,464 | -€9,315 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €16,185 | - | -€16,185 | |
| Trade debts | 44 | €20,030 | €26,924 | +€6,894 | +34.4% |
| Suppliers | 440/4 | €20,030 | €26,924 | +€6,894 | +34.4% |
| Taxes, remuneration and social security | 45 | €7,285 | €4,667 | -€2,618 | -35.9% |
| Taxes | 450/3 | €7,285 | €4,667 | -€2,618 | -35.9% |
| Other amounts payable | 47/48 | €619,279 | €621,874 | +€2,595 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,294 | €28,672 | +€2,378 | +9.0% |
| Other operating charges | 640/8 | €3,518 | €3,726 | +€208 | +5.9% |
| Gross operating margin | 9900 | €37,460 | €35,012 | -€2,448 | -6.5% |
| Operating profit (loss) | 9901 | €7,649 | €2,614 | -€5,035 | -65.8% |
| Financial income | 75/76B | €48 | €90 | +€42 | +86.4% |
| Recurring financial income | 75 | €48 | €90 | +€42 | +86.4% |
| Financial charges | 65/66B | €24,842 | €15,796 | -€9,045 | -36.4% |
| Recurring financial charges | 65 | €24,842 | €15,796 | -€9,045 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,145 | -€13,093 | +€4,052 | +23.6% |
| Income taxes | 67/77 | €14 | €26 | +€11 | +78.0% |
| Profit (loss) for the period | 9904 | -€17,159 | -€13,118 | +€4,041 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,159 | -€13,118 | +€4,041 | +23.5% |
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 2 October 2026 via checked.be.