EDEN STAR: 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.
EDEN STAR
Largest movements
- Cash -€82,734
down €82,734 (-31.5%), from €262,311 to €179,578
mainly Contributions, distributions and other (-€125,350) and Receivables within one year (-€82,037)
- Receivables within one year +€82,037
up €82,037 (+29.3%), from €279,991 to €362,027
of which Trade receivables: +€111,922
- Financial fixed assets +€13,149
up €13,149 (+22.1%), from €59,392 to €72,541
- Trade debts +€46,779
up €46,779 (+18.0%), from €259,196 to €305,975
- Tax, wage and social debts -€33,993
down €33,993 (-21.1%), from €161,321 to €127,329
of which Remuneration and social security: -€20,742
- Staff costs +€156,192
up €156,192 (+18.0%), from €867,917 to €1.0m
- Purchases and services -€80,269
down €80,269 (-6.1%), from €1.3m to €1.2m
- Gross operating margin +€78,904
up €78,904 (+6.9%), from €1.1m to €1.2m
- Taxes -€18,503
down €18,503 (-30.0%), from €61,604 to €43,101
- Depreciation -€14,506
down €14,506 (-46.0%), from €31,545 to €17,039
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 | €796,276 | €804,159 | +€7,883 | +1.0% |
| Fixed assets | 21/28 | €253,545 | €262,555 | +€9,010 | +3.6% |
| Tangible fixed assets | 22/27 | €194,153 | €190,014 | -€4,139 | -2.1% |
| Plant, machinery and equipment | 23 | €13,151 | €12,373 | -€778 | -5.9% |
| Furniture and vehicles | 24 | €8,210 | €11,914 | +€3,703 | +45.1% |
| Leasing and similar rights | 25 | €172,792 | €165,727 | -€7,065 | -4.1% |
| Financial fixed assets | 28 | €59,392 | €72,541 | +€13,149 | +22.1% |
| Current assets | 29/58 | €542,731 | €541,605 | -€1,127 | -0.2% |
| Amounts receivable within one year | 40/41 | €279,991 | €362,027 | +€82,037 | +29.3% |
| Trade receivables | 40 | €200,549 | €312,470 | +€111,922 | +55.8% |
| Other amounts receivable | 41 | €79,442 | €49,557 | -€29,885 | -37.6% |
| Cash at bank and in hand | 54/58 | €262,311 | €179,578 | -€82,734 | -31.5% |
| Deferred charges and accrued income | 490/1 | €430 | - | -€430 | |
| Total equity and liabilities | 10/49 | €796,276 | €804,159 | +€7,883 | +1.0% |
| Equity | 10/15 | €27,040 | €30,993 | +€3,953 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,580 | €10,533 | +€3,953 | +60.1% |
| Amounts payable | 17/49 | €769,237 | €773,166 | +€3,930 | +0.5% |
| Amounts payable after more than one year | 17 | €185,080 | €179,556 | -€5,524 | -3.0% |
| Financial debts | 170/4 | €185,080 | €179,556 | -€5,524 | -3.0% |
| Amounts payable within one year | 42/48 | €584,157 | €593,610 | +€9,453 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €4,345 | €3,554 | -€792 | -18.2% |
| Trade debts | 44 | €259,196 | €305,975 | +€46,779 | +18.0% |
| Suppliers | 440/4 | €259,196 | €305,975 | +€46,779 | +18.0% |
| Taxes, remuneration and social security | 45 | €161,321 | €127,329 | -€33,993 | -21.1% |
| Taxes | 450/3 | €115,178 | €101,926 | -€13,251 | -11.5% |
| Remuneration and social security | 454/9 | €46,144 | €25,402 | -€20,742 | -44.9% |
| Other amounts payable | 47/48 | €159,294 | €156,753 | -€2,541 | -1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,317,163 | €1,236,894 | -€80,269 | -6.1% |
| Remuneration, social security and pensions | 62 | €867,917 | €1,024,109 | +€156,192 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,545 | €17,039 | -€14,506 | -46.0% |
| Other operating charges | 640/8 | €13,951 | €5,211 | -€8,740 | -62.6% |
| Gross operating margin | 9900 | €1,140,592 | €1,219,496 | +€78,904 | +6.9% |
| Operating profit (loss) | 9901 | €227,178 | €173,136 | -€54,042 | -23.8% |
| Financial income | 75/76B | €7,025 | - | -€7,025 | |
| Recurring financial income | 75 | €7,025 | - | -€7,025 | |
| Financial charges | 65/66B | €974 | €731 | -€243 | -24.9% |
| Recurring financial charges | 65 | €974 | €731 | -€243 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €233,229 | €172,404 | -€60,825 | -26.1% |
| Income taxes | 67/77 | €61,604 | €43,101 | -€18,503 | -30.0% |
| Profit (loss) for the period | 9904 | €171,625 | €129,303 | -€42,322 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €171,625 | €129,303 | -€42,322 | -24.7% |
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.