Edg'Art: 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.
Edg'Art
Largest movements
- Tangible fixed assets +€209,058
up €209,058 (+1,682%), from €12,431 to €221,489
of which Land and buildings: +€194,282
- Cash +€33,360
up €33,360 (+68.5%), from €48,683 to €82,043
mainly Debts after one year (+€235,232) and Net result for the year (+€41,782)
- Receivables within one year -€18,276
down €18,276 (-33.0%), from €55,326 to €37,050
of which Trade receivables: -€19,749
- Deferred charges and accrued income +€5,282
up €5,282 (+210%), from €2,516 to €7,798
- Intangible fixed assets -€4,340
down €4,340 (-42.4%), from €10,238 to €5,898
- Debts after one year +€235,232
up €235,232 (+4,772%), from €4,929 to €240,161
- Profit (loss) carried forward +€41,782
up €41,782 (+87.6%), from €47,720 to €89,501
- Tax, wage and social debts -€31,409
down €31,409 (-94.4%), from €33,280 to €1,871
of which Taxes: -€33,280
- Other debts -€21,176
no longer reported in 2025 (was €21,176)
- Current portion of long-term debt -€3,835
down €3,835 (-28.4%), from €13,509 to €9,675
- Staff costs +€21,043
up €21,043 (+397%), from €5,305 to €26,348
- Gross operating margin +€12,408
up €12,408 (+14.1%), from €87,779 to €100,187
- Taxes -€6,802
down €6,802 (-36.7%), from €18,519 to €11,717
- Financial charges +€2,575
up €2,575 (+251%), from €1,028 to €3,603
- Depreciation +€2,065
up €2,065 (+14.5%), from €14,267 to €16,332
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.
Derived cash bridge
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 | €149,330 | €373,304 | +€223,974 | +150% |
| Fixed assets | 21/28 | €22,874 | €227,592 | +€204,718 | +895% |
| Intangible fixed assets | 21 | €10,238 | €5,898 | -€4,340 | -42.4% |
| Tangible fixed assets | 22/27 | €12,431 | €221,489 | +€209,058 | +1,682% |
| Land and buildings | 22 | - | €194,282 | +€194,282 | |
| Plant, machinery and equipment | 23 | €2,572 | €2,714 | +€142 | +5.5% |
| Furniture and vehicles | 24 | €9,860 | €24,494 | +€14,634 | +148% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €126,455 | €145,711 | +€19,256 | +15.2% |
| Stocks and contracts in progress | 3 | €19,931 | €18,821 | -€1,110 | -5.6% |
| Stocks | 30/36 | €19,931 | €18,821 | -€1,110 | -5.6% |
| Amounts receivable within one year | 40/41 | €55,326 | €37,050 | -€18,276 | -33.0% |
| Trade receivables | 40 | €40,557 | €20,808 | -€19,749 | -48.7% |
| Other amounts receivable | 41 | €14,769 | €16,242 | +€1,473 | +10.0% |
| Cash at bank and in hand | 54/58 | €48,683 | €82,043 | +€33,360 | +68.5% |
| Deferred charges and accrued income | 490/1 | €2,516 | €7,798 | +€5,282 | +210% |
| Total equity and liabilities | 10/49 | €149,330 | €373,304 | +€223,974 | +150% |
| Equity | 10/15 | €75,920 | €117,701 | +€41,782 | +55.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,200 | €25,200 | = | 0.0% |
| Distributable reserves | 133 | €25,200 | €25,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,720 | €89,501 | +€41,782 | +87.6% |
| Amounts payable | 17/49 | €73,410 | €255,602 | +€182,193 | +248% |
| Amounts payable after more than one year | 17 | €4,929 | €240,161 | +€235,232 | +4,772% |
| Financial debts | 170/4 | €4,929 | €240,161 | +€235,232 | +4,772% |
| Amounts payable within one year | 42/48 | €68,480 | €15,441 | -€53,039 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | €13,509 | €9,675 | -€3,835 | -28.4% |
| Trade debts | 44 | €514 | €3,895 | +€3,381 | +657% |
| Suppliers | 440/4 | €514 | €3,895 | +€3,381 | +657% |
| Taxes, remuneration and social security | 45 | €33,280 | €1,871 | -€31,409 | -94.4% |
| Taxes | 450/3 | €33,280 | - | -€33,280 | |
| Remuneration and social security | 454/9 | - | €1,871 | +€1,871 | |
| Other amounts payable | 47/48 | €21,176 | - | -€21,176 | |
| Remuneration, social security and pensions | 62 | €5,305 | €26,348 | +€21,043 | +397% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,267 | €16,332 | +€2,065 | +14.5% |
| Other operating charges | 640/8 | €600 | €1,216 | +€616 | +103% |
| Gross operating margin | 9900 | €87,779 | €100,187 | +€12,408 | +14.1% |
| Operating profit (loss) | 9901 | €67,607 | €56,291 | -€11,316 | -16.7% |
| Financial income | 75/76B | €95 | €811 | +€716 | +751% |
| Recurring financial income | 75 | €95 | €811 | +€716 | +751% |
| Financial charges | 65/66B | €1,028 | €3,603 | +€2,575 | +251% |
| Recurring financial charges | 65 | €1,028 | €3,603 | +€2,575 | +251% |
| Profit (loss) for the period before taxes | 9903 | €66,675 | €53,499 | -€13,176 | -19.8% |
| Income taxes | 67/77 | €18,519 | €11,717 | -€6,802 | -36.7% |
| Profit (loss) for the period | 9904 | €48,156 | €41,782 | -€6,374 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,156 | €41,782 | -€6,374 | -13.2% |
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 29 October 2026 via checked.be.