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
- Stocks and contracts +€3.7m
up €3.7m (+59.3%), from €6.3m to €10.0m
- Cash -€197,015
down €197,015 (-87.0%), from €226,367 to €29,352
mainly Stocks and contracts (-€3.7m) and Net result for the year (-€328,002)
- Short-term financial debts +€1.9m
up €1.9m (+56.3%), from €3.3m to €5.1m
- Advances received +€1.1m
up €1.1m (+96.2%), from €1.1m to €2.3m
- Other debts +€704,793
up €704,793 (+43.5%), from €1.6m to €2.3m
- Profit (loss) carried forward -€299,489
new in 2025: -€299,489
- Trade debts +€184,168
up €184,168 (+40.5%), from €454,514 to €638,681
- Gross operating margin -€880,194
down €880,194, from €761,125 to -€119,069
- Financial charges -€29,083
down €29,083 (-11.7%), from €247,544 to €218,462
- Financial income -€7,788
down €7,788 (-41.7%), from €18,679 to €10,891
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 | €6,573,464 | €10,091,712 | +€3.5m | +53.5% |
| Fixed assets | 21/28 | €20,315 | €10,315 | -€10,000 | -49.2% |
| Financial fixed assets | 28 | €20,315 | €10,315 | -€10,000 | -49.2% |
| Current assets | 29/58 | €6,553,149 | €10,081,397 | +€3.5m | +53.8% |
| Stocks and contracts in progress | 3 | €6,270,301 | €9,988,738 | +€3.7m | +59.3% |
| Stocks | 30/36 | €6,270,301 | €9,988,738 | +€3.7m | +59.3% |
| Amounts receivable within one year | 40/41 | €56,481 | €63,307 | +€6,826 | +12.1% |
| Trade receivables | 40 | €55,709 | €0 | -€55,709 | -100% |
| Other amounts receivable | 41 | €772 | €63,307 | +€62,535 | +8,101% |
| Cash at bank and in hand | 54/58 | €226,367 | €29,352 | -€197,015 | -87.0% |
| Total equity and liabilities | 10/49 | €6,573,464 | €10,091,712 | +€3.5m | +53.5% |
| Equity | 10/15 | €58,514 | -€269,489 | -€328,002 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €28,514 | €0 | -€28,514 | -100% |
| Distributable reserves | 133 | €28,514 | €0 | -€28,514 | -100% |
| Profit (loss) carried forward | 14 | - | -€299,489 | -€299,489 | |
| Amounts payable | 17/49 | €6,514,950 | €10,361,201 | +€3.8m | +59.0% |
| Amounts payable within one year | 42/48 | €6,514,950 | €10,361,201 | +€3.8m | +59.0% |
| Financial debts | 43 | €3,289,682 | €5,141,589 | +€1.9m | +56.3% |
| Credit institutions | 430/8 | €3,289,682 | €5,141,589 | +€1.9m | +56.3% |
| Trade debts | 44 | €454,514 | €638,681 | +€184,168 | +40.5% |
| Suppliers | 440/4 | €454,514 | €638,681 | +€184,168 | +40.5% |
| Advances received on contracts in progress | 46 | €1,149,020 | €2,254,403 | +€1.1m | +96.2% |
| Taxes, remuneration and social security | 45 | €120 | €120 | = | 0.0% |
| Taxes | 450/3 | €120 | €120 | = | 0.0% |
| Other amounts payable | 47/48 | €1,621,615 | €2,326,408 | +€704,793 | +43.5% |
| Other operating charges | 640/8 | €1,179 | €1,362 | +€184 | +15.6% |
| Gross operating margin | 9900 | €761,125 | -€119,069 | -€880,194 | |
| Operating profit (loss) | 9901 | €759,946 | -€120,432 | -€880,378 | |
| Financial income | 75/76B | €18,679 | €10,891 | -€7,788 | -41.7% |
| Recurring financial income | 75 | €18,679 | €10,891 | -€7,788 | -41.7% |
| Financial charges | 65/66B | €247,544 | €218,462 | -€29,083 | -11.7% |
| Recurring financial charges | 65 | €247,544 | €218,462 | -€29,083 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €531,081 | -€328,002 | -€859,083 | |
| Income taxes | 67/77 | €1,137 | €0 | -€1,137 | -100% |
| Profit (loss) for the period | 9904 | €529,944 | -€328,002 | -€857,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €529,944 | -€328,002 | -€857,946 |
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.