EDGARD: 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.
EDGARD
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-93.9%), from €1.6m to €96,038
of which Other amounts receivable: -€1.5m
- Other debts -€1.2m
down €1.2m (-9.1%), from €12.9m to €11.7m
- Services and other goods +€256,049
up €256,049 (+55.2%), from €463,618 to €719,667
- Turnover -€95,185
down €95,185 (-10.2%), from €930,618 to €835,433
- Taxes -€77,706
down €77,706, from €70,870 to -€6,836
of which Taxes: -€89,138
- Financial income -€66,848
down €66,848 (-95.9%), from €69,739 to €2,891
- Financial charges -€36,788
down €36,788 (-23.6%), from €155,748 to €118,960
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,397,777 | €38,048,456 | -€1.3m | -3.4% |
| Fixed assets | 21/28 | €37,700,805 | €37,950,805 | +€250,000 | +0.7% |
| Financial fixed assets | 28 | €37,700,805 | €37,950,805 | +€250,000 | +0.7% |
| Affiliated companies | 280/1 | €37,700,805 | €37,950,805 | +€250,000 | +0.7% |
| Participating interests | 280 | €37,700,805 | €37,950,805 | +€250,000 | +0.7% |
| Current assets | 29/58 | €1,696,972 | €97,651 | -€1.6m | -94.2% |
| Amounts receivable within one year | 40/41 | €1,565,252 | €96,038 | -€1.5m | -93.9% |
| Trade receivables | 40 | €5,921 | €59,048 | +€53,127 | +897.3% |
| Other amounts receivable | 41 | €1,559,331 | €36,990 | -€1.5m | -97.6% |
| Deferred charges and accrued income | 490/1 | €131,720 | €1,613 | -€130,107 | -98.8% |
| Total equity and liabilities | 10/49 | €39,397,777 | €38,048,456 | -€1.3m | -3.4% |
| Equity | 10/15 | €26,294,435 | €26,176,827 | -€117,608 | -0.4% |
| Contributions | 10/11 | €2,306,606 | €2,306,606 | = | 0.0% |
| Capital | 10 | €2,306,590 | €2,306,590 | = | 0.0% |
| Issued capital | 100 | €2,306,590 | €2,306,590 | = | 0.0% |
| Outside capital | 11 | €16 | €16 | = | 0.0% |
| Share premium | 1100/10 | €16 | €16 | = | 0.0% |
| Reserves | 13 | €230,659 | €230,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €230,659 | €230,659 | = | 0.0% |
| Legal reserve | 130 | €230,659 | €230,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,757,170 | €23,639,562 | -€117,608 | -0.5% |
| Amounts payable | 17/49 | €13,103,342 | €11,871,629 | -€1.2m | -9.4% |
| Amounts payable within one year | 42/48 | €13,103,199 | €11,871,423 | -€1.2m | -9.4% |
| Trade debts | 44 | €167,967 | €124,220 | -€43,747 | -26.0% |
| Suppliers | 440/4 | €167,967 | €124,220 | -€43,747 | -26.0% |
| Taxes, remuneration and social security | 45 | €14,718 | - | -€14,718 | |
| Taxes | 450/3 | €14,718 | - | -€14,718 | |
| Other amounts payable | 47/48 | €12,920,514 | €11,747,203 | -€1.2m | -9.1% |
| Accrued charges and deferred income | 492/3 | €143 | €206 | +€63 | +44.1% |
| Operating income | 70/76A | €932,663 | €837,526 | -€95,137 | -10.2% |
| Turnover | 70 | €930,618 | €835,433 | -€95,185 | -10.2% |
| Other operating income | 74 | €2,045 | €2,093 | +€48 | +2.3% |
| Operating charges | 60/66A | €594,881 | €845,901 | +€251,020 | +42.2% |
| Goods for resale, raw materials and consumables | 60 | €131,086 | €126,087 | -€4,999 | -3.8% |
| Purchases | 600/8 | €131,086 | €126,087 | -€4,999 | -3.8% |
| Services and other goods | 61 | €463,618 | €719,667 | +€256,049 | +55.2% |
| Other operating charges | 640/8 | €177 | €147 | -€30 | -16.9% |
| Operating profit (loss) | 9901 | €337,782 | -€8,375 | -€346,157 | |
| Financial income | 75/76B | €69,739 | €2,891 | -€66,848 | -95.9% |
| Recurring financial income | 75 | €69,739 | €2,891 | -€66,848 | -95.9% |
| Income from current assets | 751 | €69,739 | €2,891 | -€66,848 | -95.9% |
| Financial charges | 65/66B | €155,748 | €118,960 | -€36,788 | -23.6% |
| Recurring financial charges | 65 | €155,748 | €118,960 | -€36,788 | -23.6% |
| Debt charges | 650 | €152,548 | €118,435 | -€34,113 | -22.4% |
| Other financial charges | 652/9 | €3,200 | €525 | -€2,675 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €251,773 | -€124,444 | -€376,217 | |
| Income taxes | 67/77 | €70,870 | -€6,836 | -€77,706 | |
| Taxes | 670/3 | €89,138 | - | -€89,138 | |
| Tax adjustments and reversals of tax provisions | 77 | €18,268 | €6,836 | -€11,432 | -62.6% |
| Profit (loss) for the period | 9904 | €180,903 | -€117,608 | -€298,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €180,903 | -€117,608 | -€298,511 |
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 30 September 2026 via checked.be.