EDEN: 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.
What changed
EDEN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€468,374
2024 · €775,631-€307,257
Equity
€5.9m
2024 · €5.4m+€468,374
Cash
€1.2m
2024 · €1.6m-€349,262
Balance sheet total
€7.4m
2024 · €6.8m+€591,147
Largest movements
Assets
- Current investments +€895,036
up €895,036 (+61.4%), from €1.5m to €2.4m
- Cash -€349,262
down €349,262 (-21.9%), from €1.6m to €1.2m
mainly Current investments (-€895,036) and Investment in fixed assets (net) (-€86,605)
Equity and liabilities
- Reserves +€468,374
up €468,374 (+8.7%), from €5.4m to €5.8m
of which Distributable reserves: +€474,898
- Tax, wage and social debts +€100,784
up €100,784 (+307.9%), from €32,735 to €133,519
Income statement
- Turnover -€384,000
no longer reported in 2025 (was €384,000)
- Gross operating margin +€183,841
new in 2025: €183,841
- Services and other goods -€106,139
no longer reported in 2025 (was €106,139)
- Financial income -€104,976
down €104,976 (-15.9%), from €658,438 to €553,462
- Taxes +€88,659
up €88,659 (+174.5%), from €50,820 to €139,480
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.
Result 2024
€775,631
Turnover
-€384,000
Other operating income
-€19,015
Services and other goods
+€106,139
Depreciation
+€10,023
Other operating charges
+€490
Other operating items
+€183,841
Financial income
-€104,976
Financial charges
-€10,366
Taxes
-€88,659
Deferred taxes and other
-€733
Result 2025
€468,374
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.
From operations
+€632,379
Investment
-€981,641
Financing
€0
Cash 2024
€1.6m
From operations (derived)
+€632,379
Net result for the year
+€468,374
Depreciation
+€42,151
Smaller working-capital items
-€3,071
Tax, wage and social debts
+€100,784
Other debts
+€49,113
Accrued charges and deferred income
-€24,971
Investment (derived)
-€981,641
Investment in fixed assets (net)
-€86,605
Current investments
-€895,036
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,770,246 | €7,361,393 | +€591,147 | +8.7% |
| Fixed assets | 21/28 | €3,678,530 | €3,722,984 | +€44,454 | +1.2% |
| Tangible fixed assets | 22/27 | €455,518 | €499,972 | +€44,454 | +9.8% |
| Land and buildings | 22 | €402,482 | €441,526 | +€39,045 | +9.7% |
| Furniture and vehicles | 24 | €27,115 | €21,341 | -€5,775 | -21.3% |
| Other tangible fixed assets | 26 | €25,921 | €37,106 | +€11,184 | +43.1% |
| Financial fixed assets | 28 | €3,223,012 | €3,223,012 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,223,012 | - | -€3.2m | |
| Participating interests | 282 | €3,223,012 | - | -€3.2m | |
| Current assets | 29/58 | €3,091,716 | €3,638,409 | +€546,693 | +17.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €38,720 | €38,936 | +€216 | +0.6% |
| Trade receivables | 40 | €38,720 | €38,936 | +€216 | +0.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,457,122 | €2,352,158 | +€895,036 | +61.4% |
| Other investments | 51/53 | €1,457,122 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €1,595,654 | €1,246,392 | -€349,262 | -21.9% |
| Deferred charges and accrued income | 490/1 | €221 | €924 | +€703 | +318.6% |
| Total equity and liabilities | 10/49 | €6,770,246 | €7,361,393 | +€591,147 | +8.7% |
| Equity | 10/15 | €5,419,672 | €5,888,046 | +€468,374 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,357,672 | €5,826,046 | +€468,374 | +8.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €216,229 | €209,705 | -€6,524 | -3.0% |
| Distributable reserves | 133 | €5,135,242 | €5,610,140 | +€474,898 | +9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €72,076 | €69,902 | -€2,175 | -3.0% |
| Deferred taxes | 168 | €72,076 | €69,902 | -€2,175 | -3.0% |
| Amounts payable | 17/49 | €1,278,498 | €1,403,446 | +€124,948 | +9.8% |
| Amounts payable within one year | 42/48 | €1,183,996 | €1,333,915 | +€149,919 | +12.7% |
| Trade debts | 44 | €2,112 | €2,135 | +€23 | +1.1% |
| Suppliers | 440/4 | €2,112 | €2,135 | +€23 | +1.1% |
| Taxes, remuneration and social security | 45 | €32,735 | €133,519 | +€100,784 | +307.9% |
| Taxes | 450/3 | €32,735 | €133,519 | +€100,784 | +307.9% |
| Other amounts payable | 47/48 | €1,149,149 | €1,198,261 | +€49,113 | +4.3% |
| Accrued charges and deferred income | 492/3 | €94,502 | €69,531 | -€24,971 | -26.4% |
| Operating income | 70/76A | €403,015 | - | -€403,015 | |
| Turnover | 70 | €384,000 | - | -€384,000 | |
| Other operating income | 74 | €19,015 | - | -€19,015 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €162,848 | - | -€162,848 | |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €106,139 | - | -€106,139 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,173 | €42,151 | -€10,023 | -19.2% |
| Other operating charges | 640/8 | €4,536 | €4,046 | -€490 | -10.8% |
| Gross operating margin | 9900 | - | €183,841 | +€183,841 | |
| Operating profit (loss) | 9901 | €240,167 | €137,644 | -€102,523 | -42.7% |
| Financial income | 75/76B | €658,438 | €553,462 | -€104,976 | -15.9% |
| Recurring financial income | 75 | €658,438 | €553,462 | -€104,976 | -15.9% |
| Income from financial fixed assets | 750 | €600,000 | - | -€600,000 | |
| Income from current assets | 751 | €58,438 | - | -€58,438 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €75,061 | €85,428 | +€10,366 | +13.8% |
| Recurring financial charges | 65 | €75,061 | €85,428 | +€10,366 | +13.8% |
| Debt charges | 650 | €94,519 | - | -€94,519 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€20,555 | - | +€20,555 | |
| Other financial charges | 652/9 | €1,097 | - | -€1,097 | |
| Profit (loss) for the period before taxes | 9903 | €823,544 | €605,679 | -€217,865 | -26.5% |
| Transfer from deferred taxes | 780 | €2,908 | €2,175 | -€733 | -25.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €50,820 | €139,480 | +€88,659 | +174.5% |
| Taxes | 670/3 | €50,820 | - | -€50,820 | |
| Profit (loss) for the period | 9904 | €775,631 | €468,374 | -€307,257 | -39.6% |
| Transfer from tax-exempt reserves | 789 | €8,723 | €6,524 | -€2,199 | -25.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €784,354 | €474,898 | -€309,456 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.