EDER: 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.
EDER
Largest movements
- Cash -€116,873
down €116,873 (-40.4%), from €289,150 to €172,277
mainly Contributions, distributions and other (-€88,235) and Receivables within one year (-€80,784)
- Receivables within one year +€80,784
up €80,784 (+69.2%), from €116,721 to €197,505
of which Other amounts receivable: +€85,503
- Tangible fixed assets -€7,553
down €7,553 (-24.6%), from €30,730 to €23,177
of which Furniture and vehicles: -€7,421
- Reserves -€25,360
down €25,360 (-6.6%), from €385,687 to €360,327
- Tax, wage and social debts -€17,462
down €17,462 (-54.4%), from €32,115 to €14,653
- Gross operating margin -€33,654
down €33,654 (-25.8%), from €130,262 to €96,607
- Taxes -€3,054
down €3,054 (-11.5%), from €26,551 to €23,497
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 | €438,214 | €396,425 | -€41,789 | -9.5% |
| Fixed assets | 21/28 | €30,730 | €23,177 | -€7,553 | -24.6% |
| Tangible fixed assets | 22/27 | €30,730 | €23,177 | -€7,553 | -24.6% |
| Land and buildings | 22 | €3,083 | €2,951 | -€132 | -4.3% |
| Furniture and vehicles | 24 | €27,648 | €20,227 | -€7,421 | -26.8% |
| Current assets | 29/58 | €407,484 | €373,248 | -€34,236 | -8.4% |
| Amounts receivable within one year | 40/41 | €116,721 | €197,505 | +€80,784 | +69.2% |
| Trade receivables | 40 | €116,721 | €112,002 | -€4,719 | -4.0% |
| Other amounts receivable | 41 | €0 | €85,503 | +€85,503 | |
| Cash at bank and in hand | 54/58 | €289,150 | €172,277 | -€116,873 | -40.4% |
| Deferred charges and accrued income | 490/1 | €1,612 | €3,465 | +€1,853 | +114.9% |
| Total equity and liabilities | 10/49 | €438,214 | €396,425 | -€41,789 | -9.5% |
| Equity | 10/15 | €387,187 | €361,827 | -€25,360 | -6.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €385,687 | €360,327 | -€25,360 | -6.6% |
| Distributable reserves | 133 | €385,687 | €360,327 | -€25,360 | -6.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,027 | €34,598 | -€16,429 | -32.2% |
| Amounts payable within one year | 42/48 | €51,027 | €34,598 | -€16,429 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €10,110 | +€3,444 | +51.7% |
| Trade debts | 44 | €7,840 | €4,260 | -€3,581 | -45.7% |
| Suppliers | 440/4 | €7,840 | €4,260 | -€3,581 | -45.7% |
| Taxes, remuneration and social security | 45 | €32,115 | €14,653 | -€17,462 | -54.4% |
| Taxes | 450/3 | €32,115 | €14,653 | -€17,462 | -54.4% |
| Other amounts payable | 47/48 | €4,405 | €5,575 | +€1,170 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,202 | €7,553 | +€351 | +4.9% |
| Other operating charges | 640/8 | €1,354 | €1,717 | +€363 | +26.8% |
| Gross operating margin | 9900 | €130,262 | €96,607 | -€33,654 | -25.8% |
| Operating profit (loss) | 9901 | €121,705 | €87,338 | -€34,368 | -28.2% |
| Financial income | 75/76B | €48 | €0 | -€48 | -100.0% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -100.0% |
| Financial charges | 65/66B | €523 | €965 | +€442 | +84.5% |
| Recurring financial charges | 65 | €523 | €965 | +€442 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €121,230 | €86,373 | -€34,858 | -28.8% |
| Income taxes | 67/77 | €26,551 | €23,497 | -€3,054 | -11.5% |
| Profit (loss) for the period | 9904 | €94,679 | €62,875 | -€31,803 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,679 | €62,875 | -€31,803 | -33.6% |
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 5 October 2026 via checked.be.