Edge4Growth: 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.
Edge4Growth
Largest movements
- Cash +€262,475
up €262,475 (+105.9%), from €247,888 to €510,363
mainly Net result for the year (+€245,030) and Depreciation (+€17,543)
- Tangible fixed assets -€16,389
down €16,389 (-23.3%), from €70,463 to €54,074
- Receivables within one year +€6,490
up €6,490 (+18.1%), from €35,801 to €42,291
of which Trade receivables: +€4,698
- Reserves +€245,000
up €245,000 (+75.2%), from €326,000 to €571,000
- Gross operating margin +€43,594
up €43,594 (+14.7%), from €295,900 to €339,494
- Taxes +€10,790
up €10,790 (+16.4%), from €65,855 to €76,645
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 | €354,153 | €606,729 | +€252,576 | +71.3% |
| Fixed assets | 21/28 | €70,463 | €54,074 | -€16,389 | -23.3% |
| Tangible fixed assets | 22/27 | €70,463 | €54,074 | -€16,389 | -23.3% |
| Furniture and vehicles | 24 | €70,463 | €54,074 | -€16,389 | -23.3% |
| Current assets | 29/58 | €283,690 | €552,655 | +€268,965 | +94.8% |
| Amounts receivable within one year | 40/41 | €35,801 | €42,291 | +€6,490 | +18.1% |
| Trade receivables | 40 | €35,801 | €40,500 | +€4,698 | +13.1% |
| Other amounts receivable | 41 | - | €1,792 | +€1,792 | |
| Cash at bank and in hand | 54/58 | €247,888 | €510,363 | +€262,475 | +105.9% |
| Total equity and liabilities | 10/49 | €354,153 | €606,729 | +€252,576 | +71.3% |
| Equity | 10/15 | €331,202 | €576,232 | +€245,030 | +74.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €326,000 | €571,000 | +€245,000 | +75.2% |
| Distributable reserves | 133 | €326,000 | €571,000 | +€245,000 | +75.2% |
| Profit (loss) carried forward | 14 | €202 | €232 | +€30 | +15.0% |
| Amounts payable | 17/49 | €22,951 | €30,497 | +€7,546 | +32.9% |
| Amounts payable within one year | 42/48 | €22,951 | €30,497 | +€7,546 | +32.9% |
| Financial debts | 43 | - | €2,211 | +€2,211 | |
| Credit institutions | 430/8 | - | €2,211 | +€2,211 | |
| Trade debts | 44 | - | €3,365 | +€3,365 | |
| Suppliers | 440/4 | - | €3,365 | +€3,365 | |
| Taxes, remuneration and social security | 45 | €22,951 | €24,920 | +€1,969 | +8.6% |
| Taxes | 450/3 | €22,951 | €24,920 | +€1,969 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,011 | €17,543 | +€1,532 | +9.6% |
| Other operating charges | 640/8 | - | €234 | +€234 | |
| Gross operating margin | 9900 | €295,900 | €339,494 | +€43,594 | +14.7% |
| Operating profit (loss) | 9901 | €279,889 | €321,717 | +€41,827 | +14.9% |
| Financial income | 75/76B | €5 | €49 | +€44 | +866.9% |
| Recurring financial income | 75 | €5 | €49 | +€44 | +866.9% |
| Financial charges | 65/66B | €89 | €90 | +€1 | +1.6% |
| Recurring financial charges | 65 | €89 | €90 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €279,806 | €321,675 | +€41,869 | +15.0% |
| Income taxes | 67/77 | €65,855 | €76,645 | +€10,790 | +16.4% |
| Profit (loss) for the period | 9904 | €213,950 | €245,030 | +€31,080 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €213,950 | €245,030 | +€31,080 | +14.5% |
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 12 October 2026 via checked.be.