Edh Management: 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.
Edh Management
Largest movements
- Receivables within one year -€13,531
down €13,531 (-29.8%), from €45,375 to €31,844
- Tangible fixed assets -€9,937
down €9,937 (-11.7%), from €84,959 to €75,022
of which Leasing and similar rights: -€9,583
- Current investments +€6,000
up €6,000 (+24.0%), from €25,000 to €31,000
- Cash -€5,573
down €5,573 (-5.2%), from €106,590 to €101,017
mainly Contributions, distributions and other (-€41,300) and Investment in fixed assets (net) (-€13,720)
- Current portion of long-term debt -€11,201
down €11,201 (-91.6%), from €12,225 to €1,024
- Other debts -€9,423
down €9,423 (-97.4%), from €9,677 to €254
- Tax, wage and social debts +€7,165
up €7,165 (+50.7%), from €14,135 to €21,300
- Reserves -€5,000
down €5,000 (-2.9%), from €174,000 to €169,000
of which Distributable reserves: -€5,000
- Short-term financial debts -€3,380
no longer reported in 2025 (was €3,380)
No income-statement line moved by more than 1% of the activity.
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.
Derived cash bridge
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 | €261,923 | €239,209 | -€22,715 | -8.7% |
| Fixed assets | 21/28 | €84,959 | €75,022 | -€9,937 | -11.7% |
| Tangible fixed assets | 22/27 | €84,959 | €75,022 | -€9,937 | -11.7% |
| Land and buildings | 22 | €290 | €0 | -€290 | -100% |
| Furniture and vehicles | 24 | €4,213 | €2,716 | -€1,497 | -35.5% |
| Leasing and similar rights | 25 | €28,750 | €19,166 | -€9,583 | -33.3% |
| Other tangible fixed assets | 26 | €51,706 | €53,140 | +€1,433 | +2.8% |
| Current assets | 29/58 | €176,965 | €164,187 | -€12,778 | -7.2% |
| Amounts receivable within one year | 40/41 | €45,375 | €31,844 | -€13,531 | -29.8% |
| Trade receivables | 40 | €45,375 | €31,844 | -€13,531 | -29.8% |
| Current investments | 50/53 | €25,000 | €31,000 | +€6,000 | +24.0% |
| Cash at bank and in hand | 54/58 | €106,590 | €101,017 | -€5,573 | -5.2% |
| Deferred charges and accrued income | 490/1 | - | €326 | +€326 | |
| Total equity and liabilities | 10/49 | €261,923 | €239,209 | -€22,715 | -8.7% |
| Equity | 10/15 | €218,011 | €213,810 | -€4,201 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €174,000 | €169,000 | -€5,000 | -2.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €172,000 | €167,000 | -€5,000 | -2.9% |
| Profit (loss) carried forward | 14 | €24,011 | €24,810 | +€799 | +3.3% |
| Amounts payable | 17/49 | €43,912 | €25,399 | -€18,514 | -42.2% |
| Amounts payable after more than one year | 17 | €1,024 | - | -€1,024 | |
| Financial debts | 170/4 | €1,024 | - | -€1,024 | |
| Amounts payable within one year | 42/48 | €42,888 | €25,399 | -€17,489 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €12,225 | €1,024 | -€11,201 | -91.6% |
| Financial debts | 43 | €3,380 | - | -€3,380 | |
| Credit institutions | 430/8 | €3,380 | - | -€3,380 | |
| Trade debts | 44 | €3,471 | €2,821 | -€650 | -18.7% |
| Suppliers | 440/4 | €3,471 | €2,821 | -€650 | -18.7% |
| Taxes, remuneration and social security | 45 | €14,135 | €21,300 | +€7,165 | +50.7% |
| Taxes | 450/3 | €14,135 | €21,300 | +€7,165 | +50.7% |
| Other amounts payable | 47/48 | €9,677 | €254 | -€9,423 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,706 | €23,656 | +€951 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,125 | €15,125 | = | 0.0% |
| Other operating charges | 640/8 | €3,887 | €4,857 | +€970 | +24.9% |
| Gross operating margin | 9900 | €100,563 | €100,410 | -€153 | -0.2% |
| Operating profit (loss) | 9901 | €58,844 | €56,771 | -€2,073 | -3.5% |
| Financial income | 75/76B | €186 | €300 | +€115 | +61.8% |
| Recurring financial income | 75 | €186 | €300 | +€115 | +61.8% |
| Financial charges | 65/66B | €2,361 | €1,775 | -€585 | -24.8% |
| Recurring financial charges | 65 | €2,361 | €1,775 | -€585 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €56,669 | €55,296 | -€1,373 | -2.4% |
| Income taxes | 67/77 | €18,809 | €18,198 | -€611 | -3.3% |
| Profit (loss) for the period | 9904 | €37,860 | €37,099 | -€762 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,860 | €37,099 | -€762 | -2.0% |
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 21 October 2026 via checked.be.