EDGS: 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.
EDGS
Largest movements
- Tangible fixed assets -€11,600
down €11,600 (-19.0%), from €61,035 to €49,435
of which Furniture and vehicles: -€10,813
- Other debts -€27,031
down €27,031 (-52.4%), from €51,594 to €24,564
- Trade debts +€23,266
up €23,266 (+274.0%), from €8,491 to €31,757
- Tax, wage and social debts -€8,299
down €8,299 (-38.7%), from €21,421 to €13,122
- Reserves +€2,216
up €2,216 (+2.1%), from €103,176 to €105,392
- Gross operating margin -€21,675
down €21,675 (-32.9%), from €65,870 to €44,194
- Staff costs +€19,020
new in 2025: €19,020
- Taxes -€13,622
down €13,622 (-77.3%), from €17,620 to €3,997
- Depreciation +€11,787
up €11,787 (+962.4%), from €1,225 to €13,012
- Other operating charges +€3,760
up €3,760 (+978.0%), from €384 to €4,144
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 | €186,682 | €176,834 | -€9,848 | -5.3% |
| Fixed assets | 21/28 | €61,035 | €49,435 | -€11,600 | -19.0% |
| Tangible fixed assets | 22/27 | €61,035 | €49,435 | -€11,600 | -19.0% |
| Furniture and vehicles | 24 | €53,421 | €42,608 | -€10,813 | -20.2% |
| Other tangible fixed assets | 26 | €7,614 | €6,826 | -€788 | -10.3% |
| Current assets | 29/58 | €125,647 | €127,400 | +€1,752 | +1.4% |
| Amounts receivable within one year | 40/41 | €38,697 | €39,466 | +€770 | +2.0% |
| Trade receivables | 40 | €38,697 | €39,352 | +€656 | +1.7% |
| Other amounts receivable | 41 | - | €114 | +€114 | |
| Cash at bank and in hand | 54/58 | €86,951 | €87,933 | +€983 | +1.1% |
| Total equity and liabilities | 10/49 | €186,682 | €176,834 | -€9,848 | -5.3% |
| Equity | 10/15 | €105,176 | €107,392 | +€2,216 | +2.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €103,176 | €105,392 | +€2,216 | +2.1% |
| Distributable reserves | 133 | €103,176 | €105,392 | +€2,216 | +2.1% |
| Amounts payable | 17/49 | €81,506 | €69,442 | -€12,064 | -14.8% |
| Amounts payable within one year | 42/48 | €81,506 | €69,442 | -€12,064 | -14.8% |
| Trade debts | 44 | €8,491 | €31,757 | +€23,266 | +274.0% |
| Suppliers | 440/4 | €8,491 | €31,757 | +€23,266 | +274.0% |
| Taxes, remuneration and social security | 45 | €21,421 | €13,122 | -€8,299 | -38.7% |
| Taxes | 450/3 | €21,421 | €13,122 | -€8,299 | -38.7% |
| Other amounts payable | 47/48 | €51,594 | €24,564 | -€27,031 | -52.4% |
| Non-recurring operating income | 76A | €448 | - | -€448 | |
| Remuneration, social security and pensions | 62 | - | €19,020 | +€19,020 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €13,012 | +€11,787 | +962.4% |
| Other operating charges | 640/8 | €384 | €4,144 | +€3,760 | +978.0% |
| Gross operating margin | 9900 | €65,870 | €44,194 | -€21,675 | -32.9% |
| Operating profit (loss) | 9901 | €64,260 | €8,018 | -€56,242 | -87.5% |
| Financial income | 75/76B | €2 | €16 | +€14 | +687.5% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +687.5% |
| Financial charges | 65/66B | €331 | €1,821 | +€1,489 | +449.7% |
| Recurring financial charges | 65 | €331 | €1,821 | +€1,489 | +449.7% |
| Profit (loss) for the period before taxes | 9903 | €63,931 | €6,213 | -€57,718 | -90.3% |
| Income taxes | 67/77 | €17,620 | €3,997 | -€13,622 | -77.3% |
| Profit (loss) for the period | 9904 | €46,311 | €2,216 | -€44,095 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,311 | €2,216 | -€44,095 | -95.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.