Edelweiss: 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.
Edelweiss
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Cash -€107,774
down €107,774 (-37.5%), from €287,449 to €179,675
mainly Current investments (-€400,000) and Receivables after one year (-€100,000)
- Receivables after one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€57,732
down €57,732 (-14.4%), from €402,213 to €344,480
of which Furniture and vehicles: -€77,828
- Receivables within one year +€37,806
up €37,806 (+59.2%), from €63,839 to €101,645
of which Trade receivables: +€37,960
- Debts after one year +€260,734
up €260,734 (+112%), from €232,832 to €493,567
- Reserves +€43,057
up €43,057 (+11.7%), from €367,134 to €410,191
of which Non-distributable reserves: +€400,000
- Trade debts +€34,394
up €34,394 (+768%), from €4,480 to €38,874
- Tax, wage and social debts +€25,754
up €25,754 (+161%), from €15,970 to €41,724
of which Taxes: +€14,267
- Current portion of long-term debt +€24,168
up €24,168 (+22.5%), from €107,574 to €131,742
- Staff costs +€120,993
up €120,993 (+69.4%), from €174,225 to €295,218
- Depreciation +€36,822
up €36,822 (+41.2%), from €89,334 to €126,157
- Financial charges +€10,780
up €10,780 (+169%), from €6,395 to €17,175
- Gross operating margin +€8,744
up €8,744 (+1.8%), from €485,832 to €494,575
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 | €766,631 | €1,135,500 | +€368,869 | +48.1% |
| Fixed assets | 21/28 | €406,758 | €344,885 | -€61,872 | -15.2% |
| Tangible fixed assets | 22/27 | €402,213 | €344,480 | -€57,732 | -14.4% |
| Plant, machinery and equipment | 23 | €739 | €17,765 | +€17,026 | +2,305% |
| Furniture and vehicles | 24 | €401,474 | €323,646 | -€77,828 | -19.4% |
| Other tangible fixed assets | 26 | - | €3,069 | +€3,069 | |
| Financial fixed assets | 28 | €4,545 | €405 | -€4,140 | -91.1% |
| Current assets | 29/58 | €359,873 | €790,615 | +€430,742 | +120% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €63,839 | €101,645 | +€37,806 | +59.2% |
| Trade receivables | 40 | €44,018 | €81,977 | +€37,960 | +86.2% |
| Other amounts receivable | 41 | €19,821 | €19,668 | -€153 | -0.8% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €287,449 | €179,675 | -€107,774 | -37.5% |
| Deferred charges and accrued income | 490/1 | €8,585 | €9,294 | +€709 | +8.3% |
| Total equity and liabilities | 10/49 | €766,631 | €1,135,500 | +€368,869 | +48.1% |
| Equity | 10/15 | €385,684 | €428,741 | +€43,057 | +11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €367,134 | €410,191 | +€43,057 | +11.7% |
| Non-distributable reserves | 130/1 | - | €400,000 | +€400,000 | |
| Own shares acquired | 1312 | - | €400,000 | +€400,000 | |
| Tax-exempt reserves | 132 | €43,648 | €0 | -€43,648 | -100% |
| Distributable reserves | 133 | €323,486 | €10,191 | -€313,296 | -96.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €14,549 | €0 | -€14,549 | -100% |
| Deferred taxes | 168 | €14,549 | €0 | -€14,549 | -100% |
| Amounts payable | 17/49 | €366,397 | €706,759 | +€340,362 | +92.9% |
| Amounts payable after more than one year | 17 | €232,832 | €493,567 | +€260,734 | +112% |
| Financial debts | 170/4 | €232,832 | €493,567 | +€260,734 | +112% |
| Amounts payable within one year | 42/48 | €132,563 | €212,340 | +€79,777 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €107,574 | €131,742 | +€24,168 | +22.5% |
| Trade debts | 44 | €4,480 | €38,874 | +€34,394 | +768% |
| Suppliers | 440/4 | €4,480 | €38,874 | +€34,394 | +768% |
| Taxes, remuneration and social security | 45 | €15,970 | €41,724 | +€25,754 | +161% |
| Taxes | 450/3 | €2,679 | €16,946 | +€14,267 | +533% |
| Remuneration and social security | 454/9 | €13,291 | €24,777 | +€11,486 | +86.4% |
| Other amounts payable | 47/48 | €4,539 | €0 | -€4,539 | -100% |
| Accrued charges and deferred income | 492/3 | €1,002 | €852 | -€149 | -14.9% |
| Non-recurring operating income | 76A | €60,000 | €44,848 | -€15,152 | -25.3% |
| Remuneration, social security and pensions | 62 | €174,225 | €295,218 | +€120,993 | +69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,334 | €126,157 | +€36,822 | +41.2% |
| Other operating charges | 640/8 | €5,618 | €5,910 | +€292 | +5.2% |
| Gross operating margin | 9900 | €485,832 | €494,575 | +€8,744 | +1.8% |
| Operating profit (loss) | 9901 | €216,655 | €67,291 | -€149,364 | -68.9% |
| Financial income | 75/76B | €2,601 | €3,665 | +€1,063 | +40.9% |
| Recurring financial income | 75 | €2,601 | €3,665 | +€1,063 | +40.9% |
| Financial charges | 65/66B | €6,395 | €17,175 | +€10,780 | +169% |
| Recurring financial charges | 65 | €6,395 | €17,175 | +€10,780 | +169% |
| Profit (loss) for the period before taxes | 9903 | €212,861 | €53,781 | -€159,081 | -74.7% |
| Transfer from deferred taxes | 780 | €451 | €14,549 | +€14,098 | +3,127% |
| Transfer to deferred taxes | 680 | €15,000 | €0 | -€15,000 | -100% |
| Income taxes | 67/77 | €29,042 | €25,273 | -€3,769 | -13.0% |
| Profit (loss) for the period | 9904 | €169,270 | €43,057 | -€126,213 | -74.6% |
| Transfer from tax-exempt reserves | 789 | €1,352 | €43,648 | +€42,295 | +3,127% |
| Transfer to tax-exempt reserves | 689 | €45,000 | €0 | -€45,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €125,623 | €86,704 | -€38,918 | -31.0% |
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 16 October 2026 via checked.be.