EDENDUM: 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.
EDENDUM
Largest movements
- Cash +€5,935
up €5,935 (+205.4%), from €2,889 to €8,824
mainly Trade debts (+€5,116) and Stocks and contracts (+€3,780)
- Stocks and contracts -€3,780
down €3,780 (-59.8%), from €6,321 to €2,541
- Tangible fixed assets -€2,811
down €2,811 (-28.6%), from €9,818 to €7,007
of which Plant, machinery and equipment: -€2,637
- Deferred charges and accrued income +€1,086
up €1,086 (+1389.6%), from €78 to €1,164
- Receivables within one year +€601
new in 2025: €601
- Trade debts +€5,116
up €5,116 (+164.3%), from €3,114 to €8,230
- Profit (loss) carried forward -€4,336
down €4,336 (-32.2%), from -€13,444 to -€17,780
- Other debts +€3,644
up €3,644 (+57.4%), from €6,353 to €9,998
- Current portion of long-term debt -€2,470
down €2,470 (-74.6%), from €3,309 to €839
- Debts after one year -€839
down €839 (-100.0%), from €839 to €0
- Gross operating margin +€8,377
up €8,377, from -€5,562 to €2,815
- Other operating charges +€2,517
up €2,517 (+519.3%), from €485 to €3,002
- Financial charges -€587
down €587 (-30.5%), from €1,927 to €1,340
- Depreciation +€354
up €354 (+14.4%), from €2,457 to €2,811
- Financial income -€88
down €88 (-97.5%), from €90 to €2
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 | €19,151 | €20,182 | +€1,031 | +5.4% |
| Fixed assets | 21/28 | €9,863 | €7,052 | -€2,811 | -28.5% |
| Tangible fixed assets | 22/27 | €9,818 | €7,007 | -€2,811 | -28.6% |
| Plant, machinery and equipment | 23 | €9,574 | €6,937 | -€2,637 | -27.5% |
| Furniture and vehicles | 24 | €244 | €70 | -€174 | -71.5% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €9,288 | €13,130 | +€3,842 | +41.4% |
| Stocks and contracts in progress | 3 | €6,321 | €2,541 | -€3,780 | -59.8% |
| Stocks | 30/36 | €6,321 | €2,541 | -€3,780 | -59.8% |
| Amounts receivable within one year | 40/41 | - | €601 | +€601 | |
| Trade receivables | 40 | - | €601 | +€601 | |
| Cash at bank and in hand | 54/58 | €2,889 | €8,824 | +€5,935 | +205.4% |
| Deferred charges and accrued income | 490/1 | €78 | €1,164 | +€1,086 | +1389.6% |
| Total equity and liabilities | 10/49 | €19,151 | €20,182 | +€1,031 | +5.4% |
| Equity | 10/15 | €4,533 | €197 | -€4,336 | -95.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,777 | €11,777 | = | 0.0% |
| Distributable reserves | 133 | €11,777 | €11,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,444 | -€17,780 | -€4,336 | -32.2% |
| Amounts payable | 17/49 | €14,618 | €19,985 | +€5,367 | +36.7% |
| Amounts payable after more than one year | 17 | €839 | €0 | -€839 | -100.0% |
| Financial debts | 170/4 | €839 | €0 | -€839 | -100.0% |
| Amounts payable within one year | 42/48 | €13,779 | €19,985 | +€6,206 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €3,309 | €839 | -€2,470 | -74.6% |
| Trade debts | 44 | €3,114 | €8,230 | +€5,116 | +164.3% |
| Suppliers | 440/4 | €3,114 | €8,230 | +€5,116 | +164.3% |
| Taxes, remuneration and social security | 45 | €1,002 | €917 | -€85 | -8.5% |
| Taxes | 450/3 | €1,002 | €917 | -€85 | -8.5% |
| Other amounts payable | 47/48 | €6,353 | €9,998 | +€3,644 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €2,811 | +€354 | +14.4% |
| Other operating charges | 640/8 | €485 | €3,002 | +€2,517 | +519.3% |
| Gross operating margin | 9900 | -€5,562 | €2,815 | +€8,377 | |
| Operating profit (loss) | 9901 | -€8,504 | -€2,997 | +€5,506 | +64.8% |
| Financial income | 75/76B | €90 | €2 | -€88 | -97.5% |
| Recurring financial income | 75 | €90 | €2 | -€88 | -97.5% |
| Financial charges | 65/66B | €1,927 | €1,340 | -€587 | -30.5% |
| Recurring financial charges | 65 | €1,927 | €1,340 | -€587 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,341 | -€4,336 | +€6,005 | +58.1% |
| Profit (loss) for the period | 9904 | -€10,341 | -€4,336 | +€6,005 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,341 | -€4,336 | +€6,005 | +58.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.