EDES: what changed
Two financial 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
EDES
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54,067
2024 · -€6,597+€60,664
Equity
€941,539
2024 · €887,472+€54,067
Cash
€40,534
2024 · €59,689-€19,156
Balance sheet total
€2.5m
2024 · €2.9m-€364,341
Largest movements
Assets
- Tangible fixed assets -€174,459
down €174,459 (-33.7%), from €518,321 to €343,863
of which Other tangible fixed assets: -€196,582
- Receivables within one year -€165,565
down €165,565 (-90.5%), from €183,000 to €17,435
of which Other amounts receivable: -€161,954
Equity and liabilities
- Other debts -€395,592
down €395,592 (-27.3%), from €1.4m to €1.1m
- Profit (loss) carried forward +€54,067
up €54,067 (+7.0%), from €777,472 to €831,539
- Trade debts -€31,635
down €31,635 (-8.8%), from €358,672 to €327,036
Income statement
- Staff costs -€69,060
down €69,060 (-9.3%), from €740,461 to €671,401
- Financial charges -€24,838
down €24,838 (-34.2%), from €72,657 to €47,820
- Taxes +€18,448
up €18,448 (+866.0%), from €2,130 to €20,578
- Gross operating margin -€14,918
down €14,918 (-1.4%), from €1.0m to €1.0m
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
-€6,597
Gross operating margin
-€14,918
Staff costs
+€69,060
Depreciation
-€9,920
Write-downs
+€5,027
Other operating charges
+€7,327
Financial income
-€2,302
Financial charges
+€24,838
Taxes
-€18,448
Result 2025
€54,067
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
+€8,668
Investment
-€61,831
Financing
+€34,007
Cash 2024
€59,689
From operations (derived)
+€8,668
Net result for the year
+€54,067
Depreciation
+€236,290
Stocks and contracts
+€5,316
Receivables within one year
+€165,565
Deferred charges and accrued income
-€154
Trade debts
-€31,635
Tax, wage and social debts
-€18,152
Advances received
-€5,136
Other debts
-€395,592
Accrued charges and deferred income
-€1,900
Investment (derived)
-€61,831
Investment in fixed assets (net)
-€61,831
Financing
+€34,007
Debts after one year
+€21,969
Current portion of long-term debt
+€12,038
Cash 2025
€40,534
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,858,775 | €2,494,434 | -€364,341 | -12.7% |
| Fixed assets | 21/28 | €518,321 | €343,863 | -€174,459 | -33.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €518,321 | €343,863 | -€174,459 | -33.7% |
| Land and buildings | 22 | €4,408 | €3,964 | -€444 | -10.1% |
| Plant, machinery and equipment | 23 | €80,129 | €58,913 | -€21,216 | -26.5% |
| Furniture and vehicles | 24 | €8,754 | €17,015 | +€8,261 | +94.4% |
| Leasing and similar rights | 25 | - | €35,522 | +€35,522 | |
| Other tangible fixed assets | 26 | €425,030 | €228,448 | -€196,582 | -46.3% |
| Current assets | 29/58 | €2,340,454 | €2,150,571 | -€189,883 | -8.1% |
| Stocks and contracts in progress | 3 | €2,088,235 | €2,082,919 | -€5,316 | -0.3% |
| Stocks | 30/36 | €2,088,235 | €2,082,919 | -€5,316 | -0.3% |
| Amounts receivable within one year | 40/41 | €183,000 | €17,435 | -€165,565 | -90.5% |
| Trade receivables | 40 | €21,046 | €17,435 | -€3,611 | -17.2% |
| Other amounts receivable | 41 | €161,954 | - | -€161,954 | |
| Cash at bank and in hand | 54/58 | €59,689 | €40,534 | -€19,156 | -32.1% |
| Deferred charges and accrued income | 490/1 | €9,530 | €9,684 | +€154 | +1.6% |
| Total equity and liabilities | 10/49 | €2,858,775 | €2,494,434 | -€364,341 | -12.7% |
| Equity | 10/15 | €887,472 | €941,539 | +€54,067 | +6.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €777,472 | €831,539 | +€54,067 | +7.0% |
| Amounts payable | 17/49 | €1,971,303 | €1,552,895 | -€418,408 | -21.2% |
| Amounts payable after more than one year | 17 | - | €21,969 | +€21,969 | |
| Financial debts | 170/4 | - | €21,969 | +€21,969 | |
| Amounts payable within one year | 42/48 | €1,951,369 | €1,512,891 | -€438,478 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,038 | +€12,038 | |
| Trade debts | 44 | €358,672 | €327,036 | -€31,635 | -8.8% |
| Suppliers | 440/4 | €358,672 | €327,036 | -€31,635 | -8.8% |
| Advances received on contracts in progress | 46 | €8,709 | €3,574 | -€5,136 | -59.0% |
| Taxes, remuneration and social security | 45 | €136,660 | €118,508 | -€18,152 | -13.3% |
| Taxes | 450/3 | €19,367 | €19,710 | +€343 | +1.8% |
| Remuneration and social security | 454/9 | €117,293 | €98,798 | -€18,495 | -15.8% |
| Other amounts payable | 47/48 | €1,447,328 | €1,051,736 | -€395,592 | -27.3% |
| Accrued charges and deferred income | 492/3 | €19,934 | €18,034 | -€1,900 | -9.5% |
| Remuneration, social security and pensions | 62 | €740,461 | €671,401 | -€69,060 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,370 | €236,290 | +€9,920 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€985 | -€6,012 | -€5,027 | -510.2% |
| Other operating charges | 640/8 | €56,036 | €48,709 | -€7,327 | -13.1% |
| Gross operating margin | 9900 | €1,034,386 | €1,019,468 | -€14,918 | -1.4% |
| Operating profit (loss) | 9901 | €12,504 | €69,081 | +€56,576 | +452.5% |
| Financial income | 75/76B | €55,687 | €53,384 | -€2,302 | -4.1% |
| Recurring financial income | 75 | €55,687 | €53,384 | -€2,302 | -4.1% |
| Financial charges | 65/66B | €72,657 | €47,820 | -€24,838 | -34.2% |
| Recurring financial charges | 65 | €72,657 | €47,820 | -€24,838 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,466 | €74,645 | +€79,112 | |
| Income taxes | 67/77 | €2,130 | €20,578 | +€18,448 | +866.0% |
| Profit (loss) for the period | 9904 | -€6,597 | €54,067 | +€60,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,597 | €54,067 | +€60,664 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.