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
- Receivables within one year +€14,801
up €14,801 (+772.1%), from €1,917 to €16,718
of which Trade receivables: +€15,350
- Cash -€10,312
down €10,312 (-80.7%), from €12,776 to €2,464
mainly Receivables within one year (-€14,801) and Stocks and contracts (-€2,187)
- Stocks and contracts +€2,187
up €2,187 (+130.9%), from €1,670 to €3,856
- Tangible fixed assets -€1,605
down €1,605 (-51.9%), from €3,093 to €1,488
- Deferred charges and accrued income -€308
no longer reported in 2025 (was €308)
- Other debts +€5,857
up €5,857 (+40.5%), from €14,454 to €20,310
- Profit (loss) carried forward -€744
down €744 (-1.4%), from -€51,579 to -€52,323
- Trade debts -€361
down €361 (-10.1%), from €3,585 to €3,225
- Gross operating margin +€5,509
up €5,509, from -€3,306 to €2,203
- Other operating charges +€414
up €414 (+79.9%), from €518 to €933
- Depreciation -€388
down €388 (-19.5%), from €1,994 to €1,605
- Financial charges -€73
down €73 (-57.4%), from €127 to €54
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 | €19,764 | €24,526 | +€4,762 | +24.1% |
| Fixed assets | 21/28 | €3,093 | €1,488 | -€1,605 | -51.9% |
| Tangible fixed assets | 22/27 | €3,093 | €1,488 | -€1,605 | -51.9% |
| Furniture and vehicles | 24 | €3,093 | €1,488 | -€1,605 | -51.9% |
| Current assets | 29/58 | €16,671 | €23,039 | +€6,368 | +38.2% |
| Stocks and contracts in progress | 3 | €1,670 | €3,856 | +€2,187 | +130.9% |
| Stocks | 30/36 | €1,670 | €3,856 | +€2,187 | +130.9% |
| Amounts receivable within one year | 40/41 | €1,917 | €16,718 | +€14,801 | +772.1% |
| Trade receivables | 40 | €943 | €16,293 | +€15,350 | +1627.1% |
| Other amounts receivable | 41 | €974 | €425 | -€548 | -56.3% |
| Cash at bank and in hand | 54/58 | €12,776 | €2,464 | -€10,312 | -80.7% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €19,764 | €24,526 | +€4,762 | +24.1% |
| Equity | 10/15 | €1,381 | €637 | -€744 | -53.9% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €24,360 | €24,360 | = | 0.0% |
| Distributable reserves | 133 | €24,360 | €24,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,579 | -€52,323 | -€744 | -1.4% |
| Amounts payable | 17/49 | €18,383 | €23,889 | +€5,506 | +30.0% |
| Amounts payable within one year | 42/48 | €18,383 | €23,889 | +€5,506 | +30.0% |
| Trade debts | 44 | €3,585 | €3,225 | -€361 | -10.1% |
| Suppliers | 440/4 | €3,585 | €3,225 | -€361 | -10.1% |
| Taxes, remuneration and social security | 45 | €344 | €354 | +€10 | +2.9% |
| Taxes | 450/3 | €344 | €354 | +€10 | +2.9% |
| Other amounts payable | 47/48 | €14,454 | €20,310 | +€5,857 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,994 | €1,605 | -€388 | -19.5% |
| Other operating charges | 640/8 | €518 | €933 | +€414 | +79.9% |
| Gross operating margin | 9900 | -€3,306 | €2,203 | +€5,509 | |
| Operating profit (loss) | 9901 | -€5,818 | -€335 | +€5,483 | +94.2% |
| Financial charges | 65/66B | €127 | €54 | -€73 | -57.4% |
| Recurring financial charges | 65 | €127 | €54 | -€73 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,945 | -€389 | +€5,556 | +93.5% |
| Income taxes | 67/77 | €344 | €354 | +€10 | +2.9% |
| Profit (loss) for the period | 9904 | -€6,289 | -€744 | +€5,546 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,289 | -€744 | +€5,546 | +88.2% |
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 8 October 2026 via checked.be.