EDGX: 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.
EDGX
Largest movements
- Cash +€1.1m
up €1.1m (+114.4%), from €930,987 to €2.0m
mainly Contributions, distributions and other (+€2.3m) and Net result for the year (+€249,738)
- Receivables within one year +€793,022
up €793,022 (+564.9%), from €140,383 to €933,404
of which Trade receivables: +€720,908
- Tangible fixed assets +€347,846
up €347,846 (+3903.1%), from €8,912 to €356,759
of which Plant, machinery and equipment: +€232,724
- Deferred charges and accrued income +€36,336
up €36,336 (+62788.2%), from €58 to €36,393
- Contributions +€2.3m
up €2.3m (+2654.1%), from €86,656 to €2.4m
- Advances received -€491,077
down €491,077 (-100.0%), from €491,077 to €0
- Profit (loss) carried forward +€249,738
up €249,738 (+201.3%), from €124,043 to €373,781
- Trade debts +€109,866
up €109,866 (+63.3%), from €173,461 to €283,327
- Tax, wage and social debts +€70,565
up €70,565 (+116.4%), from €60,620 to €131,185
of which Remuneration and social security: +€39,234
- Gross operating margin +€604,891
up €604,891 (+188.2%), from €321,421 to €926,313
- Staff costs +€384,536
up €384,536 (+213.1%), from €180,488 to €565,024
- Taxes +€50,968
up €50,968 (+230.0%), from €22,155 to €73,124
- Depreciation +€16,889
up €16,889 (+1450.9%), from €1,164 to €18,053
- Financial charges +€10,262
up €10,262 (+369.2%), from €2,780 to €13,042
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 | €1,082,077 | €3,348,667 | +€2.3m | +209.5% |
| Fixed assets | 21/28 | €10,650 | €382,937 | +€372,287 | +3495.6% |
| Intangible fixed assets | 21 | - | €24,441 | +€24,441 | |
| Tangible fixed assets | 22/27 | €8,912 | €356,759 | +€347,846 | +3903.1% |
| Plant, machinery and equipment | 23 | - | €232,724 | +€232,724 | |
| Furniture and vehicles | 24 | €8,912 | €32,944 | +€24,032 | +269.7% |
| Other tangible fixed assets | 26 | - | €91,090 | +€91,090 | |
| Financial fixed assets | 28 | €1,738 | €1,738 | = | 0.0% |
| Current assets | 29/58 | €1,071,427 | €2,965,730 | +€1.9m | +176.8% |
| Amounts receivable within one year | 40/41 | €140,383 | €933,404 | +€793,022 | +564.9% |
| Trade receivables | 40 | €61,941 | €782,849 | +€720,908 | +1163.9% |
| Other amounts receivable | 41 | €78,442 | €150,556 | +€72,114 | +91.9% |
| Cash at bank and in hand | 54/58 | €930,987 | €1,995,932 | +€1.1m | +114.4% |
| Deferred charges and accrued income | 490/1 | €58 | €36,393 | +€36,336 | +62788.2% |
| Total equity and liabilities | 10/49 | €1,082,077 | €3,348,667 | +€2.3m | +209.5% |
| Equity | 10/15 | €210,699 | €2,760,360 | +€2.5m | +1210.1% |
| Contributions | 10/11 | €86,656 | €2,386,578 | +€2.3m | +2654.1% |
| Profit (loss) carried forward | 14 | €124,043 | €373,781 | +€249,738 | +201.3% |
| Amounts payable | 17/49 | €871,378 | €588,307 | -€283,071 | -32.5% |
| Amounts payable after more than one year | 17 | €113,140 | €83,504 | -€29,636 | -26.2% |
| Financial debts | 170/4 | €113,140 | €83,504 | -€29,636 | -26.2% |
| Amounts payable within one year | 42/48 | €754,995 | €451,367 | -€303,628 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €29,151 | €29,636 | +€485 | +1.7% |
| Financial debts | 43 | - | €6,302 | +€6,302 | |
| Credit institutions | 430/8 | - | €6,302 | +€6,302 | |
| Trade debts | 44 | €173,461 | €283,327 | +€109,866 | +63.3% |
| Suppliers | 440/4 | €173,461 | €283,327 | +€109,866 | +63.3% |
| Advances received on contracts in progress | 46 | €491,077 | €0 | -€491,077 | -100.0% |
| Taxes, remuneration and social security | 45 | €60,620 | €131,185 | +€70,565 | +116.4% |
| Taxes | 450/3 | €41,823 | €73,154 | +€31,331 | +74.9% |
| Remuneration and social security | 454/9 | €18,797 | €58,031 | +€39,234 | +208.7% |
| Other amounts payable | 47/48 | €686 | €917 | +€231 | +33.7% |
| Accrued charges and deferred income | 492/3 | €3,243 | €53,436 | +€50,193 | +1547.7% |
| Remuneration, social security and pensions | 62 | €180,488 | €565,024 | +€384,536 | +213.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €18,053 | +€16,889 | +1450.9% |
| Other operating charges | 640/8 | €228 | €8,635 | +€8,407 | +3688.9% |
| Gross operating margin | 9900 | €321,421 | €926,313 | +€604,891 | +188.2% |
| Operating profit (loss) | 9901 | €139,542 | €334,601 | +€195,059 | +139.8% |
| Financial income | 75/76B | €989 | €1,303 | +€313 | +31.7% |
| Recurring financial income | 75 | €989 | €1,303 | +€313 | +31.7% |
| Financial charges | 65/66B | €2,780 | €13,042 | +€10,262 | +369.2% |
| Recurring financial charges | 65 | €2,780 | €13,042 | +€10,262 | +369.2% |
| Profit (loss) for the period before taxes | 9903 | €137,751 | €322,862 | +€185,111 | +134.4% |
| Income taxes | 67/77 | €22,155 | €73,124 | +€50,968 | +230.0% |
| Profit (loss) for the period | 9904 | €115,596 | €249,738 | +€134,142 | +116.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,596 | €249,738 | +€134,142 | +116.0% |
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 11 October 2026 via checked.be.