EDGELESS: 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.
EDGELESS
Largest movements
- Cash +€17,745
up €17,745 (+4.5%), from €397,927 to €415,672
mainly Net result for the year (+€57,622) and Receivables within one year (+€15,246)
- Receivables within one year -€15,246
down €15,246 (-48.3%), from €31,581 to €16,335
- Tax, wage and social debts +€5,634
up €5,634 (+91.8%), from €6,141 to €11,775
- Gross operating margin -€4,421
down €4,421 (-5.2%), from €84,755 to €80,334
- Taxes -€1,323
down €1,323 (-5.6%), from €23,699 to €22,376
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 | €434,214 | €437,443 | +€3,229 | +0.7% |
| Fixed assets | 21/28 | €696 | €1,360 | +€664 | +95.3% |
| Tangible fixed assets | 22/27 | €696 | €1,360 | +€664 | +95.3% |
| Plant, machinery and equipment | 23 | €696 | €1,360 | +€664 | +95.3% |
| Current assets | 29/58 | €433,517 | €436,083 | +€2,566 | +0.6% |
| Amounts receivable within one year | 40/41 | €31,581 | €16,335 | -€15,246 | -48.3% |
| Trade receivables | 40 | €31,581 | €16,335 | -€15,246 | -48.3% |
| Cash at bank and in hand | 54/58 | €397,927 | €415,672 | +€17,745 | +4.5% |
| Deferred charges and accrued income | 490/1 | €4,009 | €4,076 | +€66 | +1.7% |
| Total equity and liabilities | 10/49 | €434,214 | €437,443 | +€3,229 | +0.7% |
| Equity | 10/15 | €366,881 | €364,055 | -€2,826 | -0.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €365,881 | €363,055 | -€2,826 | -0.8% |
| Tax-exempt reserves | 132 | €12,746 | €12,746 | = | 0.0% |
| Distributable reserves | 133 | €353,135 | €350,309 | -€2,826 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,333 | €73,388 | +€6,055 | +9.0% |
| Amounts payable within one year | 42/48 | €67,333 | €73,388 | +€6,055 | +9.0% |
| Trade debts | 44 | €435 | €1,165 | +€730 | +168% |
| Suppliers | 440/4 | €435 | €1,165 | +€730 | +168% |
| Taxes, remuneration and social security | 45 | €6,141 | €11,775 | +€5,634 | +91.8% |
| Taxes | 450/3 | €6,141 | €11,775 | +€5,634 | +91.8% |
| Other amounts payable | 47/48 | €60,757 | €60,448 | -€309 | -0.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €429 | -€457 | -51.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €411 | +€411 | |
| Gross operating margin | 9900 | €84,755 | €80,334 | -€4,421 | -5.2% |
| Operating profit (loss) | 9901 | €83,482 | €79,094 | -€4,388 | -5.3% |
| Financial income | 75/76B | €1,416 | €904 | -€512 | -36.1% |
| Recurring financial income | 75 | €1,416 | €904 | -€512 | -36.1% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €84,898 | €79,998 | -€4,900 | -5.8% |
| Income taxes | 67/77 | €23,699 | €22,376 | -€1,323 | -5.6% |
| Profit (loss) for the period | 9904 | €61,199 | €57,622 | -€3,576 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,199 | €57,622 | -€3,576 | -5.8% |
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 13 October 2026 via checked.be.