EDG: what changed
What changed
EDG
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€40,188
2024 · -€87,031+€46,843
Equity
€104,712
2024 · €144,901-€40,188
Cash
€314
2024 · €538-€224
Balance sheet total
€113,084
2024 · €158,192-€45,108
Largest movements
Assets
- Receivables within one year -€35,108
down €35,108 (-24.0%), from €146,103 to €110,996
- Tangible fixed assets -€9,890
no longer reported in 2025 (was €9,890)
Equity and liabilities
- Profit (loss) carried forward -€40,188
down €40,188 (-42.3%), from €94,901 to €54,712
- Current portion of long-term debt -€7,722
no longer reported in 2025 (was €7,722)
- Trade debts +€2,841
up €2,841 (+51.4%), from €5,531 to €8,372
Income statement
- Write-downs -€70,893
no longer reported in 2025 (was €70,893)
- Gross operating margin -€21,490
down €21,490 (-360%), from -€5,971 to -€27,461
- Financial charges +€2,987
up €2,987 (+399%), from €748 to €3,735
- Financial income +€408
up €408 (+19.1%), from €2,133 to €2,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€87,031
Gross operating margin
-€21,490
Depreciation
-€238
Write-downs
+€70,893
Other operating charges
+€173
Financial income
+€408
Financial charges
-€2,987
Taxes
+€84
Result 2025
-€40,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,498
Investment
€0
Financing
-€7,722
Cash 2024
€538
From operations (derived)
+€7,498
Net result for the year
-€40,188
Depreciation
+€9,890
Receivables within one year
+€35,108
Deferred charges and accrued income
-€114
Trade debts
+€2,841
Tax, wage and social debts
-€39
Financing
-€7,722
Current portion of long-term debt
-€7,722
Cash 2025
€314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,192 | €113,084 | -€45,108 | -28.5% |
| Fixed assets | 21/28 | €10,025 | €135 | -€9,890 | -98.7% |
| Tangible fixed assets | 22/27 | €9,890 | - | -€9,890 | |
| Leasing and similar rights | 25 | €9,890 | - | -€9,890 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €148,167 | €112,949 | -€35,218 | -23.8% |
| Amounts receivable within one year | 40/41 | €146,103 | €110,996 | -€35,108 | -24.0% |
| Other amounts receivable | 41 | €146,103 | €110,996 | -€35,108 | -24.0% |
| Cash at bank and in hand | 54/58 | €538 | €314 | -€224 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,526 | €1,640 | +€114 | +7.5% |
| Total equity and liabilities | 10/49 | €158,192 | €113,084 | -€45,108 | -28.5% |
| Equity | 10/15 | €144,901 | €104,712 | -€40,188 | -27.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,901 | €54,712 | -€40,188 | -42.3% |
| Amounts payable | 17/49 | €13,292 | €8,372 | -€4,920 | -37.0% |
| Amounts payable within one year | 42/48 | €13,292 | €8,372 | -€4,920 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €7,722 | - | -€7,722 | |
| Trade debts | 44 | €5,531 | €8,372 | +€2,841 | +51.4% |
| Suppliers | 440/4 | €5,531 | €8,372 | +€2,841 | +51.4% |
| Taxes, remuneration and social security | 45 | €39 | - | -€39 | |
| Taxes | 450/3 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,652 | €9,890 | +€238 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €70,893 | - | -€70,893 | |
| Other operating charges | 640/8 | €1,739 | €1,567 | -€173 | -9.9% |
| Gross operating margin | 9900 | -€5,971 | -€27,461 | -€21,490 | -360% |
| Operating profit (loss) | 9901 | -€88,256 | -€38,918 | +€49,338 | +55.9% |
| Financial income | 75/76B | €2,133 | €2,540 | +€408 | +19.1% |
| Recurring financial income | 75 | €2,133 | €2,540 | +€408 | +19.1% |
| Financial charges | 65/66B | €748 | €3,735 | +€2,987 | +399% |
| Recurring financial charges | 65 | €748 | €3,735 | +€2,987 | +399% |
| Profit (loss) for the period before taxes | 9903 | -€86,871 | -€40,113 | +€46,759 | +53.8% |
| Income taxes | 67/77 | €160 | €76 | -€84 | -52.7% |
| Profit (loss) for the period | 9904 | -€87,031 | -€40,188 | +€46,843 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,031 | -€40,188 | +€46,843 | +53.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.