EDGICA: 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.
What changed
EDGICA
NACE 64.210, Activities of holding companies
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€582,714
2023 · €551,879+€30,835
Equity
€42.4m
2023 · €41.8m+€582,714
Cash
€1.6m
2023 · €75,513+€1.5m
Balance sheet total
€61.1m
2023 · €57.9m+€3.2m
Largest movements
Assets
- Receivables within one year +€5.1m
up €5.1m (+73.5%), from €6.9m to €12.0m
of which Other amounts receivable: +€4.8m
- Receivables after one year -€2.4m
down €2.4m (-10.8%), from €22.3m to €19.9m
- Cash +€1.5m
up €1.5m (+1972.9%), from €75,513 to €1.6m
mainly Debts after one year (+€2.8m) and Receivables after one year (+€2.4m)
- Current investments -€1.3m
down €1.3m (-24.7%), from €5.4m to €4.1m
Equity and liabilities
- Debts after one year +€2.8m
up €2.8m (+82.3%), from €3.4m to €6.2m
Income statement
- Financial charges +€1.5m
up €1.5m (+1747.5%), from €86,319 to €1.6m
of which Financial charges: +€1.5m
- Financial income +€962,410
up €962,410 (+94.7%), from €1.0m to €2.0m
of which Financial income: +€896,613
- Gross operating margin +€592,745
up €592,745 (+132.3%), from €447,871 to €1.0m
- Depreciation +€103,404
up €103,404 (+20.4%), from €505,701 to €609,105
- Taxes -€99,296
down €99,296 (-48.2%), from €205,959 to €106,663
From the 2023 result to the 2024 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.
Result 2023
€551,879
Gross operating margin
+€592,745
Staff costs
+€6,508
Depreciation
-€103,404
Write-downs
-€25,395
Other operating charges
+€6,712
Other operating items
+€397
Financial income
+€962,410
Financial charges
-€1.5m
Taxes
+€99,296
Result 2024
€582,714
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€2.5m
Investment
+€640,104
Financing
+€3.4m
Cash 2023
€75,513
From operations (derived)
-€2.5m
Net result for the year
+€582,714
Depreciation
+€609,105
Receivables after one year
+€2.4m
Receivables within one year
-€5.1m
Deferred charges and accrued income
-€296,428
Provisions
-€1,292
Trade debts
-€21,475
Tax, wage and social debts
-€296,929
Other debts
-€436,748
Accrued charges and deferred income
-€14,026
Investment (derived)
+€640,104
Investment in fixed assets (net)
-€708,328
Current investments
+€1.3m
Financing
+€3.4m
Debts after one year
+€2.8m
Current portion of long-term debt
+€111,192
Short-term financial debts
+€500,000
Cash 2024
€1.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,923,766 | €61,130,927 | +€3.2m | +5.5% |
| Fixed assets | 21/28 | €22,404,796 | €22,504,019 | +€99,223 | +0.4% |
| Tangible fixed assets | 22/27 | €11,141,080 | €11,248,053 | +€106,973 | +1.0% |
| Land and buildings | 22 | €8,768,948 | €8,983,427 | +€214,479 | +2.4% |
| Plant, machinery and equipment | 23 | €30,776 | €27,634 | -€3,142 | -10.2% |
| Furniture and vehicles | 24 | €645,569 | €502,004 | -€143,565 | -22.2% |
| Other tangible fixed assets | 26 | €1,695,787 | €1,734,988 | +€39,201 | +2.3% |
| Financial fixed assets | 28 | €11,263,716 | €11,255,966 | -€7,750 | -0.1% |
| Current assets | 29/58 | €35,518,970 | €38,626,908 | +€3.1m | +8.8% |
| Amounts receivable after more than one year | 29 | €22,275,961 | €19,867,186 | -€2.4m | -10.8% |
| Other amounts receivable | 291 | €22,275,961 | €19,867,186 | -€2.4m | -10.8% |
| Amounts receivable within one year | 40/41 | €6,906,202 | €11,985,167 | +€5.1m | +73.5% |
| Trade receivables | 40 | €103,987 | €358,077 | +€254,091 | +244.3% |
| Other amounts receivable | 41 | €6,802,216 | €11,627,089 | +€4.8m | +70.9% |
| Current investments | 50/53 | €5,448,432 | €4,100,000 | -€1.3m | -24.7% |
| Cash at bank and in hand | 54/58 | €75,513 | €1,565,264 | +€1.5m | +1972.9% |
| Deferred charges and accrued income | 490/1 | €812,862 | €1,109,290 | +€296,428 | +36.5% |
| Total equity and liabilities | 10/49 | €57,923,766 | €61,130,927 | +€3.2m | +5.5% |
| Equity | 10/15 | €41,779,541 | €42,362,255 | +€582,714 | +1.4% |
| Contributions | 10/11 | €372,008 | €372,008 | = | 0.0% |
| Capital | 10 | €372,008 | €372,008 | = | 0.0% |
| Issued capital | 100 | €372,008 | €372,008 | = | 0.0% |
| Reserves | 13 | €41,407,484 | €41,990,198 | +€582,714 | +1.4% |
| Non-distributable reserves | 130/1 | €9,718,663 | €10,305,252 | +€586,589 | +6.0% |
| Legal reserve | 130 | €59,152 | €59,152 | = | 0.0% |
| Other | 1319 | €9,659,511 | €10,246,100 | +€586,589 | +6.1% |
| Tax-exempt reserves | 132 | €450,824 | €446,949 | -€3,875 | -0.9% |
| Distributable reserves | 133 | €31,237,997 | €31,237,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49 | €49 | = | 0.0% |
| Provisions and deferred taxes | 16 | €35,876 | €34,585 | -€1,292 | -3.6% |
| Deferred taxes | 168 | €35,876 | €34,585 | -€1,292 | -3.6% |
| Amounts payable | 17/49 | €16,108,348 | €18,734,087 | +€2.6m | +16.3% |
| Amounts payable after more than one year | 17 | €3,384,334 | €6,168,058 | +€2.8m | +82.3% |
| Financial debts | 170/4 | €3,384,334 | €6,168,058 | +€2.8m | +82.3% |
| Amounts payable within one year | 42/48 | €12,594,035 | €12,450,075 | -€143,960 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €327,615 | €438,808 | +€111,192 | +33.9% |
| Financial debts | 43 | €7,100,000 | €7,600,000 | +€500,000 | +7.0% |
| Credit institutions | 430/8 | €7,100,000 | €7,600,000 | +€500,000 | +7.0% |
| Trade debts | 44 | €145,040 | €123,565 | -€21,475 | -14.8% |
| Suppliers | 440/4 | €145,040 | €123,565 | -€21,475 | -14.8% |
| Taxes, remuneration and social security | 45 | €597,919 | €300,990 | -€296,929 | -49.7% |
| Taxes | 450/3 | €586,827 | €291,365 | -€295,462 | -50.3% |
| Remuneration and social security | 454/9 | €11,092 | €9,625 | -€1,467 | -13.2% |
| Other amounts payable | 47/48 | €4,423,460 | €3,986,712 | -€436,748 | -9.9% |
| Accrued charges and deferred income | 492/3 | €129,980 | €115,954 | -€14,026 | -10.8% |
| Non-recurring operating income | 76A | - | €43,332 | +€43,332 | |
| Remuneration, social security and pensions | 62 | €81,156 | €74,648 | -€6,508 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505,701 | €609,105 | +€103,404 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,395 | +€25,395 | |
| Other operating charges | 640/8 | €34,197 | €27,485 | -€6,712 | -19.6% |
| Non-recurring operating charges | 66A | €639 | €242 | -€397 | -62.1% |
| Gross operating margin | 9900 | €447,871 | €1,040,616 | +€592,745 | +132.3% |
| Operating profit (loss) | 9901 | -€173,823 | €303,740 | +€477,562 | |
| Financial income | 75/76B | €1,016,688 | €1,979,097 | +€962,410 | +94.7% |
| Recurring financial income | 75 | €1,016,688 | €1,913,301 | +€896,613 | +88.2% |
| Non-recurring financial income | 76B | - | €65,797 | +€65,797 | |
| Financial charges | 65/66B | €86,319 | €1,594,752 | +€1.5m | +1747.5% |
| Recurring financial charges | 65 | €86,082 | €1,587,002 | +€1.5m | +1743.6% |
| Non-recurring financial charges | 66B | €237 | €7,750 | +€7,513 | +3164.1% |
| Profit (loss) for the period before taxes | 9903 | €756,546 | €688,085 | -€68,461 | -9.0% |
| Transfer from deferred taxes | 780 | €1,292 | €1,292 | = | 0.0% |
| Income taxes | 67/77 | €205,959 | €106,663 | -€99,296 | -48.2% |
| Profit (loss) for the period | 9904 | €551,879 | €582,714 | +€30,835 | +5.6% |
| Transfer from tax-exempt reserves | 789 | €3,875 | €3,875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €555,754 | €586,589 | +€30,835 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.