EDGARO: 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.
EDGARO
Largest movements
- Cash -€20,953
down €20,953 (-20.1%), from €104,075 to €83,122
mainly Debts after one year (-€16,892) and Investment in fixed assets (net) (-€13,266)
- Tangible fixed assets +€10,119
up €10,119 (+1,305%), from €776 to €10,894
- Receivables within one year -€4,676
down €4,676 (-25.3%), from €18,486 to €13,810
of which Trade receivables: -€8,284
- Debts after one year -€16,892
down €16,892 (-36.0%), from €46,892 to €30,000
- Trade debts +€7,598
up €7,598 (+148%), from €5,132 to €12,730
- Other debts -€5,727
down €5,727 (-100%), from €5,727 to €0
- Financial income -€200,000
down €200,000 (-100%), from €200,000 to €0
- Turnover -€114,400
no longer reported in 2025 (was €114,400)
- Purchases and services -€107,273
no longer reported in 2025 (was €107,273)
- Gross operating margin -€8,465
down €8,465 (-47.3%), from €17,899 to €9,435
- Depreciation +€2,772
up €2,772 (+739%), from €375 to €3,147
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 | €382,476 | €367,522 | -€14,955 | -3.9% |
| Fixed assets | 21/28 | €258,191 | €268,309 | +€10,119 | +3.9% |
| Tangible fixed assets | 22/27 | €776 | €10,894 | +€10,119 | +1,305% |
| Furniture and vehicles | 24 | €776 | €10,894 | +€10,119 | +1,305% |
| Financial fixed assets | 28 | €257,415 | €257,415 | = | 0.0% |
| Current assets | 29/58 | €124,286 | €99,212 | -€25,073 | -20.2% |
| Amounts receivable within one year | 40/41 | €18,486 | €13,810 | -€4,676 | -25.3% |
| Trade receivables | 40 | €17,903 | €9,619 | -€8,284 | -46.3% |
| Other amounts receivable | 41 | €583 | €4,191 | +€3,608 | +619% |
| Cash at bank and in hand | 54/58 | €104,075 | €83,122 | -€20,953 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,725 | €2,280 | +€555 | +32.2% |
| Total equity and liabilities | 10/49 | €382,476 | €367,522 | -€14,955 | -3.9% |
| Equity | 10/15 | €300,264 | €303,974 | +€3,709 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €295,264 | €298,974 | +€3,709 | +1.3% |
| Distributable reserves | 133 | €295,264 | €298,974 | +€3,709 | +1.3% |
| Amounts payable | 17/49 | €82,212 | €63,548 | -€18,664 | -22.7% |
| Amounts payable after more than one year | 17 | €46,892 | €30,000 | -€16,892 | -36.0% |
| Financial debts | 170/4 | €46,892 | €30,000 | -€16,892 | -36.0% |
| Amounts payable within one year | 42/48 | €35,058 | €33,286 | -€1,772 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €18,225 | €16,892 | -€1,333 | -7.3% |
| Trade debts | 44 | €5,132 | €12,730 | +€7,598 | +148% |
| Suppliers | 440/4 | €5,132 | €12,730 | +€7,598 | +148% |
| Taxes, remuneration and social security | 45 | €5,974 | €3,663 | -€2,310 | -38.7% |
| Taxes | 450/3 | €5,974 | €3,663 | -€2,310 | -38.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,727 | €0 | -€5,727 | -100% |
| Accrued charges and deferred income | 492/3 | €263 | €263 | = | 0.0% |
| Turnover | 70 | €114,400 | - | -€114,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €107,273 | - | -€107,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €3,147 | +€2,772 | +739% |
| Other operating charges | 640/8 | €378 | €381 | +€4 | +1.0% |
| Gross operating margin | 9900 | €17,899 | €9,435 | -€8,465 | -47.3% |
| Operating profit (loss) | 9901 | €17,147 | €5,906 | -€11,240 | -65.6% |
| Financial income | 75/76B | €200,000 | €0 | -€200,000 | -100% |
| Recurring financial income | 75 | €200,000 | €0 | -€200,000 | -100% |
| Financial charges | 65/66B | €1,344 | €784 | -€561 | -41.7% |
| Recurring financial charges | 65 | €1,344 | €784 | -€561 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €215,802 | €5,123 | -€210,680 | -97.6% |
| Income taxes | 67/77 | €3,417 | €1,413 | -€2,003 | -58.6% |
| Profit (loss) for the period | 9904 | €212,386 | €3,709 | -€208,676 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €212,386 | €3,709 | -€208,676 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.