EDGER: 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.
EDGER
Largest movements
- Tangible fixed assets +€134,010
up €134,010 (+285.1%), from €47,011 to €181,022
of which Furniture and vehicles: +€73,264
- Receivables within one year +€109,874
up €109,874 (+209.3%), from €52,501 to €162,375
of which Trade receivables: +€80,291
- Intangible fixed assets -€15,000
down €15,000 (-12.5%), from €119,777 to €104,777
- Cash -€14,125
down €14,125 (-17.0%), from €83,171 to €69,046
mainly Investment in fixed assets (net) (-€150,418) and Receivables within one year (-€109,874)
- Stocks and contracts -€10,343
down €10,343 (-54.5%), from €18,962 to €8,619
- Debts after one year +€97,169
up €97,169 (+61.6%), from €157,678 to €254,846
- Trade debts +€80,772
up €80,772 (+313.8%), from €25,741 to €106,513
- Tax, wage and social debts -€27,263
down €27,263 (-48.9%), from €55,742 to €28,478
of which Taxes: -€19,263
- Reserves +€26,480
up €26,480 (+43.3%), from €61,119 to €87,599
- Current portion of long-term debt +€24,477
up €24,477 (+132.1%), from €18,523 to €42,999
- Depreciation +€6,008
up €6,008 (+23.7%), from €25,400 to €31,408
- Taxes -€4,679
down €4,679 (-37.2%), from €12,583 to €7,904
- Financial charges +€1,271
up €1,271 (+6.4%), from €19,964 to €21,235
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 | €330,460 | €531,178 | +€200,718 | +60.7% |
| Fixed assets | 21/28 | €166,789 | €285,799 | +€119,010 | +71.4% |
| Intangible fixed assets | 21 | €119,777 | €104,777 | -€15,000 | -12.5% |
| Tangible fixed assets | 22/27 | €47,011 | €181,022 | +€134,010 | +285.1% |
| Plant, machinery and equipment | 23 | €8,709 | €65,807 | +€57,098 | +655.6% |
| Furniture and vehicles | 24 | €7,049 | €80,313 | +€73,264 | +1039.4% |
| Other tangible fixed assets | 26 | €31,253 | €34,902 | +€3,648 | +11.7% |
| Current assets | 29/58 | €163,671 | €245,379 | +€81,708 | +49.9% |
| Stocks and contracts in progress | 3 | €18,962 | €8,619 | -€10,343 | -54.5% |
| Stocks | 30/36 | €18,962 | €8,619 | -€10,343 | -54.5% |
| Amounts receivable within one year | 40/41 | €52,501 | €162,375 | +€109,874 | +209.3% |
| Trade receivables | 40 | €4,731 | €85,022 | +€80,291 | +1697.2% |
| Other amounts receivable | 41 | €47,770 | €77,353 | +€29,583 | +61.9% |
| Cash at bank and in hand | 54/58 | €83,171 | €69,046 | -€14,125 | -17.0% |
| Deferred charges and accrued income | 490/1 | €9,036 | €5,338 | -€3,698 | -40.9% |
| Total equity and liabilities | 10/49 | €330,460 | €531,178 | +€200,718 | +60.7% |
| Equity | 10/15 | €66,119 | €92,599 | +€26,480 | +40.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,119 | €87,599 | +€26,480 | +43.3% |
| Distributable reserves | 133 | €61,119 | €87,599 | +€26,480 | +43.3% |
| Amounts payable | 17/49 | €264,341 | €438,579 | +€174,238 | +65.9% |
| Amounts payable after more than one year | 17 | €157,678 | €254,846 | +€97,169 | +61.6% |
| Financial debts | 170/4 | €157,678 | €254,846 | +€97,169 | +61.6% |
| Amounts payable within one year | 42/48 | €100,006 | €177,991 | +€77,985 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €18,523 | €42,999 | +€24,477 | +132.1% |
| Trade debts | 44 | €25,741 | €106,513 | +€80,772 | +313.8% |
| Suppliers | 440/4 | €25,741 | €106,513 | +€80,772 | +313.8% |
| Taxes, remuneration and social security | 45 | €55,742 | €28,478 | -€27,263 | -48.9% |
| Taxes | 450/3 | €47,742 | €28,478 | -€19,263 | -40.3% |
| Remuneration and social security | 454/9 | €8,000 | €0 | -€8,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,657 | €5,741 | -€916 | -13.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,400 | €31,408 | +€6,008 | +23.7% |
| Other operating charges | 640/8 | €2,986 | €3,739 | +€754 | +25.2% |
| Gross operating margin | 9900 | €86,480 | €86,740 | +€260 | +0.3% |
| Operating profit (loss) | 9901 | €58,094 | €51,593 | -€6,502 | -11.2% |
| Financial income | 75/76B | €3,700 | €4,027 | +€327 | +8.8% |
| Recurring financial income | 75 | €3,700 | €4,027 | +€327 | +8.8% |
| Financial charges | 65/66B | €19,964 | €21,235 | +€1,271 | +6.4% |
| Recurring financial charges | 65 | €19,964 | €21,235 | +€1,271 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €41,831 | €34,385 | -€7,446 | -17.8% |
| Income taxes | 67/77 | €12,583 | €7,904 | -€4,679 | -37.2% |
| Profit (loss) for the period | 9904 | €29,247 | €26,480 | -€2,767 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,247 | €26,480 | -€2,767 | -9.5% |
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 5 October 2026 via checked.be.