EDGA: 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.
EDGA
Largest movements
- Cash +€1,323
up €1,323 (+96.4%), from €1,373 to €2,695
mainly Net result for the year (+€8,743) and Tax, wage and social debts (+€1,972)
- Deferred charges and accrued income +€1,220
new in 2025: €1,220
- Tangible fixed assets -€643
down €643 (-31.5%), from €2,043 to €1,400
- Receivables within one year +€442
up €442 (+7.3%), from €6,055 to €6,497
of which Other amounts receivable: +€1,774
- Debts after one year -€9,126
down €9,126 (-3.0%), from €300,118 to €290,992
- Profit (loss) carried forward +€8,743
up €8,743 (+2.7%), from -€318,871 to -€310,128
- Tax, wage and social debts +€1,972
up €1,972 (+105.0%), from €1,878 to €3,850
of which Remuneration and social security: +€1,250
- Trade debts +€539
up €539 (+50.6%), from €1,066 to €1,605
- Other debts +€213
up €213 (+2.1%), from €10,098 to €10,311
- Gross operating margin -€2,343
down €2,343 (-17.5%), from €13,393 to €11,050
- Other operating charges -€966
down €966 (-83.8%), from €1,152 to €187
- Depreciation -€364
down €364 (-36.2%), from €1,007 to €643
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 | €14,749 | €17,090 | +€2,342 | +15.9% |
| Fixed assets | 21/28 | €2,093 | €1,450 | -€643 | -30.7% |
| Tangible fixed assets | 22/27 | €2,043 | €1,400 | -€643 | -31.5% |
| Other tangible fixed assets | 26 | €2,043 | €1,400 | -€643 | -31.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €12,655 | €15,640 | +€2,985 | +23.6% |
| Stocks and contracts in progress | 3 | €5,228 | €5,228 | = | 0.0% |
| Stocks | 30/36 | €5,228 | €5,228 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,055 | €6,497 | +€442 | +7.3% |
| Trade receivables | 40 | €6,055 | €4,723 | -€1,332 | -22.0% |
| Other amounts receivable | 41 | - | €1,774 | +€1,774 | |
| Cash at bank and in hand | 54/58 | €1,373 | €2,695 | +€1,323 | +96.4% |
| Deferred charges and accrued income | 490/1 | - | €1,220 | +€1,220 | |
| Total equity and liabilities | 10/49 | €14,749 | €17,090 | +€2,342 | +15.9% |
| Equity | 10/15 | -€298,411 | -€289,668 | +€8,743 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€318,871 | -€310,128 | +€8,743 | +2.7% |
| Amounts payable | 17/49 | €313,159 | €306,758 | -€6,401 | -2.0% |
| Amounts payable after more than one year | 17 | €300,118 | €290,992 | -€9,126 | -3.0% |
| Other amounts payable | 178/9 | €300,118 | €290,992 | -€9,126 | -3.0% |
| Amounts payable within one year | 42/48 | €13,041 | €15,766 | +€2,725 | +20.9% |
| Trade debts | 44 | €1,066 | €1,605 | +€539 | +50.6% |
| Suppliers | 440/4 | €1,066 | €1,605 | +€539 | +50.6% |
| Taxes, remuneration and social security | 45 | €1,878 | €3,850 | +€1,972 | +105.0% |
| Taxes | 450/3 | €1,878 | €2,600 | +€722 | +38.5% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €10,098 | €10,311 | +€213 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €643 | -€364 | -36.2% |
| Other operating charges | 640/8 | €1,152 | €187 | -€966 | -83.8% |
| Gross operating margin | 9900 | €13,393 | €11,050 | -€2,343 | -17.5% |
| Operating profit (loss) | 9901 | €11,233 | €10,220 | -€1,013 | -9.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €1,445 | €1,336 | -€109 | -7.6% |
| Recurring financial charges | 65 | €1,445 | €1,336 | -€109 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €9,788 | €8,884 | -€904 | -9.2% |
| Income taxes | 67/77 | €151 | €142 | -€10 | -6.5% |
| Profit (loss) for the period | 9904 | €9,637 | €8,743 | -€894 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,637 | €8,743 | -€894 | -9.3% |
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 4 October 2026 via checked.be.