EDGES: what changed
EDGES
Largest movements
- Cash -€29,097
down €29,097 (-73.5%), from €39,612 to €10,515
mainly Tax, wage and social debts (-€22,000) and Net result for the year (-€10,503)
- Tangible fixed assets -€1,783
down €1,783 (-44.1%), from €4,042 to €2,260
- Deferred charges and accrued income +€1,326
up €1,326 (+538%), from €247 to €1,572
- Receivables within one year -€1,119
down €1,119 (-22.0%), from €5,083 to €3,963
of which Trade receivables: -€639
- Tax, wage and social debts -€22,000
down €22,000 (-99.0%), from €22,227 to €228
- Profit (loss) carried forward -€10,503
down €10,503, from €4,809 to -€5,694
- Trade debts +€1,828
new in 2025: €1,828
- Gross operating margin +€13,087
up €13,087 (+62.2%), from -€21,035 to -€7,948
- Other operating charges -€1,348
down €1,348 (-70.9%), from €1,902 to €554
- Depreciation -€965
down €965 (-35.1%), from €2,748 to €1,783
- Financial charges -€298
down €298 (-82.2%), from €363 to €65
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,009 | €18,335 | -€30,674 | -62.6% |
| Fixed assets | 21/28 | €4,067 | €2,285 | -€1,783 | -43.8% |
| Tangible fixed assets | 22/27 | €4,042 | €2,260 | -€1,783 | -44.1% |
| Furniture and vehicles | 24 | €4,042 | €2,260 | -€1,783 | -44.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €44,942 | €16,050 | -€28,891 | -64.3% |
| Amounts receivable within one year | 40/41 | €5,083 | €3,963 | -€1,119 | -22.0% |
| Trade receivables | 40 | €4,602 | €3,963 | -€639 | -13.9% |
| Other amounts receivable | 41 | €481 | €0 | -€481 | -100% |
| Cash at bank and in hand | 54/58 | €39,612 | €10,515 | -€29,097 | -73.5% |
| Deferred charges and accrued income | 490/1 | €247 | €1,572 | +€1,326 | +538% |
| Total equity and liabilities | 10/49 | €49,009 | €18,335 | -€30,674 | -62.6% |
| Equity | 10/15 | €25,269 | €14,766 | -€10,503 | -41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,809 | -€5,694 | -€10,503 | |
| Amounts payable | 17/49 | €23,740 | €3,569 | -€20,171 | -85.0% |
| Amounts payable within one year | 42/48 | €23,740 | €3,569 | -€20,171 | -85.0% |
| Trade debts | 44 | - | €1,828 | +€1,828 | |
| Suppliers | 440/4 | - | €1,828 | +€1,828 | |
| Taxes, remuneration and social security | 45 | €22,227 | €228 | -€22,000 | -99.0% |
| Taxes | 450/3 | €22,227 | €228 | -€22,000 | -99.0% |
| Other amounts payable | 47/48 | €1,513 | €1,513 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €1,783 | -€965 | -35.1% |
| Other operating charges | 640/8 | €1,902 | €554 | -€1,348 | -70.9% |
| Gross operating margin | 9900 | -€21,035 | -€7,948 | +€13,087 | +62.2% |
| Operating profit (loss) | 9901 | -€25,685 | -€10,285 | +€15,400 | +60.0% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | €363 | €65 | -€298 | -82.2% |
| Recurring financial charges | 65 | €363 | €65 | -€298 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,024 | -€10,349 | +€15,675 | +60.2% |
| Income taxes | 67/77 | €50 | €153 | +€103 | +205% |
| Profit (loss) for the period | 9904 | -€26,074 | -€10,503 | +€15,572 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,074 | -€10,503 | +€15,572 | +59.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.