EDF BELGIUM: 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
EDF BELGIUM
NACE 35.110, Production of electricity from non-renewable sources
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54.6m
2024 · €575.0m-€520.4m
Equity
€1.47bn
2024 · €1.31bn+€159.5m
Cash
€179.2m
2024 · €147.8m+€31.4m
Balance sheet total
€1.96bn
2024 · €1.86bn+€97.3m
Largest movements
Assets
- Receivables within one year +€161.8m
up €161.8m (+626.1%), from €25.8m to €187.7m
of which Trade receivables: +€166.8m
- Receivables after one year -€83.5m
no longer reported in 2025 (was €83.5m)
- Cash +€31.4m
up €31.4m (+21.3%), from €147.8m to €179.2m
mainly Trade debts (+€299.6m) and Contributions, distributions and other (+€105.0m)
Equity and liabilities
- Trade debts +€299.6m
up €299.6m (+809.4%), from €37.0m to €336.7m
- Provisions -€177.8m
down €177.8m (-53.8%), from €330.5m to €152.7m
- Short-term financial debts -€175.0m
no longer reported in 2025 (was €175.0m)
- Contributions +€105.0m
up €105.0m (+9.8%), from €1.07bn to €1.17bn
of which Capital: +€105.0m
- Profit (loss) carried forward +€51.9m
up €51.9m (+30.9%), from €168.1m to €220.0m
Income statement
- Financial income -€511.4m
down €511.4m (-88.4%), from €578.7m to €67.3m
of which Non-recurring financial income: -€567.8m
- Goods and materials -€31.6m
down €31.6m (-17.5%), from €180.5m to €148.9m
- Turnover -€23.7m
down €23.7m (-11.5%), from €206.2m to €182.5m
- Provisions +€23.6m
up €23.6m, from -€20.4m to €3.2m
- Financial charges +€10.7m
up €10.7m (+89.1%), from €12.0m to €22.7m
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
€575.0m
Turnover
-€23.7m
Other operating income
+€942,381
Goods and materials
+€31.6m
Services and other goods
+€235,855
Depreciation
+€3.3m
Provisions
-€23.6m
Other operating charges
+€8.2m
Other operating items
+€1.7m
Financial income
-€511.4m
Financial charges
-€10.7m
Taxes
+€3.0m
Deferred taxes and other
-€51,222
Result 2025
€54.6m
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
+€101.9m
Investment
-€433,448
Financing
-€70.0m
Cash 2024
€147.8m
From operations (derived)
+€101.9m
Net result for the year
+€54.6m
Depreciation
+€12.6m
Receivables after one year
+€83.5m
Receivables within one year
-€161.8m
Smaller working-capital items
-€230,045
Provisions
-€177.8m
Trade debts
+€299.6m
Accrued charges and deferred income
-€8.6m
Investment (derived)
-€433,448
Investment in fixed assets (net)
-€433,448
Financing
-€70.0m
Short-term financial debts
-€175.0m
Contributions, distributions and other
+€105.0m
Cash 2025
€179.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,858,928,575 | €1,956,201,254 | +€97.3m | +5.2% |
| Formation expenses | 20 | €240,625 | - | -€240,625 | |
| Fixed assets | 21/28 | €1,600,975,432 | €1,589,049,020 | -€11.9m | -0.7% |
| Tangible fixed assets | 22/27 | €12,451,701 | €525,289 | -€11.9m | -95.8% |
| Land and buildings | 22 | €525,289 | €525,289 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,926,412 | - | -€11.9m | |
| Financial fixed assets | 28 | €1,588,523,731 | €1,588,523,731 | = | 0.0% |
| Affiliated companies | 280/1 | €1,588,523,731 | €1,588,523,731 | = | 0.0% |
| Participating interests | 280 | €1,588,523,731 | €1,588,523,731 | = | 0.0% |
| Current assets | 29/58 | €257,712,517 | €367,152,234 | +€109.4m | +42.5% |
| Amounts receivable after more than one year | 29 | €83,484,589 | - | -€83.5m | |
| Other amounts receivable | 291 | €83,484,589 | - | -€83.5m | |
| Amounts receivable within one year | 40/41 | €25,845,051 | €187,654,512 | +€161.8m | +626.1% |
| Trade receivables | 40 | €17,298,578 | €184,126,435 | +€166.8m | +964.4% |
| Other amounts receivable | 41 | €8,546,472 | €3,528,077 | -€5.0m | -58.7% |
| Cash at bank and in hand | 54/58 | €147,769,238 | €179,193,906 | +€31.4m | +21.3% |
| Deferred charges and accrued income | 490/1 | €613,640 | €303,816 | -€309,824 | -50.5% |
| Total equity and liabilities | 10/49 | €1,858,928,575 | €1,956,201,254 | +€97.3m | +5.2% |
| Equity | 10/15 | €1,306,846,013 | €1,466,389,158 | +€159.5m | +12.2% |
| Contributions | 10/11 | €1,067,184,029 | €1,172,184,029 | +€105.0m | +9.8% |
| Capital | 10 | €1,067,183,949 | €1,172,183,949 | +€105.0m | +9.8% |
| Issued capital | 100 | €1,067,183,949 | €1,182,183,949 | +€115.0m | +10.8% |
| Uncalled capital | 101 | - | €10,000,000 | +€10.0m | |
| Contributions outside capital | 11 | €80 | €80 | = | 0.0% |
| Share premium | 1100/10 | €80 | €80 | = | 0.0% |
| Reserves | 13 | €71,578,929 | €74,252,418 | +€2.7m | +3.7% |
| Non-distributable reserves | 130/1 | €18,850,133 | €21,580,115 | +€2.7m | +14.5% |
| Legal reserve | 130 | €18,841,722 | €21,571,703 | +€2.7m | +14.5% |
| Other | 1319 | €8,411 | €8,411 | = | 0.0% |
| Tax-exempt reserves | 132 | €226,105 | €169,611 | -€56,494 | -25.0% |
| Distributable reserves | 133 | €52,502,692 | €52,502,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,083,055 | €219,952,711 | +€51.9m | +30.9% |
| Provisions and deferred taxes | 16 | €330,458,586 | €152,684,849 | -€177.8m | -53.8% |
| Provisions for liabilities and charges | 160/5 | €330,458,586 | €152,684,849 | -€177.8m | -53.8% |
| Other liabilities and charges | 164/5 | €330,458,586 | €152,684,849 | -€177.8m | -53.8% |
| Amounts payable | 17/49 | €221,623,976 | €337,127,248 | +€115.5m | +52.1% |
| Amounts payable within one year | 42/48 | €213,032,747 | €337,127,248 | +€124.1m | +58.3% |
| Financial debts | 43 | €175,000,000 | - | -€175.0m | |
| Other loans | 439 | €175,000,000 | - | -€175.0m | |
| Trade debts | 44 | €37,019,063 | €336,653,433 | +€299.6m | +809.4% |
| Suppliers | 440/4 | €37,019,063 | €336,653,433 | +€299.6m | +809.4% |
| Taxes, remuneration and social security | 45 | €1,013,684 | €473,815 | -€539,869 | -53.3% |
| Taxes | 450/3 | €1,013,684 | €473,815 | -€539,869 | -53.3% |
| Accrued charges and deferred income | 492/3 | €8,591,229 | - | -€8.6m | |
| Operating income | 70/76A | €206,248,076 | €249,052,807 | +€42.8m | +20.8% |
| Turnover | 70 | €206,248,076 | €182,506,744 | -€23.7m | -11.5% |
| Other operating income | 74 | - | €942,381 | +€942,381 | |
| Non-recurring operating income | 76A | - | €65,603,682 | +€65.6m | |
| Operating charges | 60/66A | €194,994,046 | €239,160,383 | +€44.2m | +22.7% |
| Goods for resale, raw materials and consumables | 60 | €180,453,150 | €148,853,213 | -€31.6m | -17.5% |
| Purchases | 600/8 | €180,453,150 | €148,853,213 | -€31.6m | -17.5% |
| Services and other goods | 61 | €730,765 | €494,910 | -€235,855 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,926,259 | €12,600,485 | -€3.3m | -20.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,363,376 | €3,233,684 | +€23.6m | |
| Other operating charges | 640/8 | €8,197,956 | - | -€8.2m | |
| Non-recurring operating charges | 66A | €10,049,290 | €73,978,091 | +€63.9m | +636.2% |
| Operating profit (loss) | 9901 | €11,254,030 | €9,892,425 | -€1.4m | -12.1% |
| Financial income | 75/76B | €578,692,980 | €67,333,569 | -€511.4m | -88.4% |
| Recurring financial income | 75 | €10,887,600 | €67,333,569 | +€56.4m | +518.4% |
| Income from financial fixed assets | 750 | - | €54,905,649 | +€54.9m | |
| Income from current assets | 751 | €10,887,600 | €3,821,790 | -€7.1m | -64.9% |
| Other financial income | 752/9 | - | €8,606,130 | +€8.6m | |
| Non-recurring financial income | 76B | €567,805,380 | - | -€567.8m | |
| Financial charges | 65/66B | €11,981,627 | €22,655,522 | +€10.7m | +89.1% |
| Recurring financial charges | 65 | €11,981,627 | €22,655,522 | +€10.7m | +89.1% |
| Debt charges | 650 | €3,323,220 | €5,870,822 | +€2.5m | +76.7% |
| Other financial charges | 652/9 | €8,658,407 | €16,784,700 | +€8.1m | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €577,965,383 | €54,570,472 | -€523.4m | -90.6% |
| Transfer from deferred taxes | 780 | €33,030 | - | -€33,030 | |
| Transfer to deferred taxes | 680 | - | €18,191 | +€18,191 | |
| Income taxes | 67/77 | €3,005,747 | - | -€3.0m | |
| Taxes | 670/3 | €3,005,747 | - | -€3.0m | |
| Profit (loss) for the period | 9904 | €574,992,667 | €54,552,280 | -€520.4m | -90.5% |
| Transfer from tax-exempt reserves | 789 | €78,634 | €47,358 | -€31,276 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €575,071,301 | €54,599,639 | -€520.5m | -90.5% |
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 9 October 2026 via checked.be.