EDICE: 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
EDICE
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€128,112
2024 · €142,131-€14,019
Equity
€5.3m
2024 · €5.2m+€128,112
Cash
€179,316
2024 · €46,097+€133,219
Balance sheet total
€5.4m
2024 · €5.2m+€158,235
Largest movements
Assets
- Tangible fixed assets +€264,968
up €264,968 (+5.8%), from €4.6m to €4.8m
of which Land and buildings: +€312,443
- Current investments -€188,327
down €188,327 (-36.6%), from €514,931 to €326,604
- Cash +€133,219
up €133,219 (+289%), from €46,097 to €179,316
mainly Depreciation (+€251,612) and Current investments (+€188,327)
Equity and liabilities
- Profit (loss) carried forward +€130,571
up €130,571 (+2.8%), from €4.7m to €4.9m
Income statement
- Taxes +€16,676
up €16,676 (+3,142%), from €531 to €17,207
- Gross operating margin +€7,718
up €7,718 (+1.7%), from €454,607 to €462,325
- Financial income +€7,232
up €7,232 (+73.4%), from €9,853 to €17,085
- Depreciation +€5,562
up €5,562 (+2.3%), from €246,050 to €251,612
- Staff costs +€5,558
up €5,558 (+9.7%), from €57,280 to €62,838
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.
Result 2024
€142,131
Gross operating margin
+€7,718
Staff costs
-€5,558
Depreciation
-€5,562
Other operating charges
-€1,028
Financial income
+€7,232
Financial charges
-€145
Taxes
-€16,676
Result 2025
€128,112
raises the resultlowers the result
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.
From operations
+€461,398
Investment
-€328,253
Financing
+€74
Cash 2024
€46,097
From operations (derived)
+€461,398
Net result for the year
+€128,112
Depreciation
+€251,612
Receivables within one year
+€43,293
Deferred charges and accrued income
+€8,332
Smaller working-capital items
-€849
Trade debts
+€24,133
Tax, wage and social debts
+€6,765
Investment (derived)
-€328,253
Investment in fixed assets (net)
-€516,580
Current investments
+€188,327
Financing
+€74
Short-term financial debts
+€74
Cash 2025
€179,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,230,797 | €5,389,032 | +€158,235 | +3.0% |
| Fixed assets | 21/28 | €4,568,554 | €4,833,523 | +€264,968 | +5.8% |
| Tangible fixed assets | 22/27 | €4,568,554 | €4,833,523 | +€264,968 | +5.8% |
| Land and buildings | 22 | €4,458,486 | €4,770,929 | +€312,443 | +7.0% |
| Plant, machinery and equipment | 23 | €90,149 | €49,026 | -€41,123 | -45.6% |
| Furniture and vehicles | 24 | €19,920 | €13,568 | -€6,352 | -31.9% |
| Current assets | 29/58 | €662,242 | €555,509 | -€106,733 | -16.1% |
| Stocks and contracts in progress | 3 | €14,480 | €14,480 | = | 0.0% |
| Stocks | 30/36 | €14,480 | €14,480 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,766 | €14,472 | -€43,293 | -74.9% |
| Trade receivables | 40 | €27,155 | - | -€27,155 | |
| Other amounts receivable | 41 | €30,611 | €14,472 | -€16,138 | -52.7% |
| Current investments | 50/53 | €514,931 | €326,604 | -€188,327 | -36.6% |
| Cash at bank and in hand | 54/58 | €46,097 | €179,316 | +€133,219 | +289% |
| Deferred charges and accrued income | 490/1 | €28,968 | €20,636 | -€8,332 | -28.8% |
| Total equity and liabilities | 10/49 | €5,230,797 | €5,389,032 | +€158,235 | +3.0% |
| Equity | 10/15 | €5,158,895 | €5,287,007 | +€128,112 | +2.5% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €278,314 | €275,854 | -€2,459 | -0.9% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Legal reserve | 130 | €15,500 | €15,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,814 | €80,354 | -€2,459 | -3.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,725,582 | €4,856,153 | +€130,571 | +2.8% |
| Provisions and deferred taxes | 16 | €15,030 | €14,210 | -€820 | -5.5% |
| Deferred taxes | 168 | €15,030 | €14,210 | -€820 | -5.5% |
| Amounts payable | 17/49 | €56,872 | €87,815 | +€30,943 | +54.4% |
| Amounts payable within one year | 42/48 | €56,843 | €87,815 | +€30,972 | +54.5% |
| Financial debts | 43 | - | €74 | +€74 | |
| Credit institutions | 430/8 | - | €74 | +€74 | |
| Trade debts | 44 | €39,647 | €63,781 | +€24,133 | +60.9% |
| Suppliers | 440/4 | €39,647 | €63,781 | +€24,133 | +60.9% |
| Taxes, remuneration and social security | 45 | €17,196 | €23,961 | +€6,765 | +39.3% |
| Taxes | 450/3 | €7,816 | €13,125 | +€5,309 | +67.9% |
| Remuneration and social security | 454/9 | €9,379 | €10,835 | +€1,456 | +15.5% |
| Accrued charges and deferred income | 492/3 | €29 | - | -€29 | |
| Remuneration, social security and pensions | 62 | €57,280 | €62,838 | +€5,558 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,050 | €251,612 | +€5,562 | +2.3% |
| Other operating charges | 640/8 | €19,149 | €20,177 | +€1,028 | +5.4% |
| Gross operating margin | 9900 | €454,607 | €462,325 | +€7,718 | +1.7% |
| Operating profit (loss) | 9901 | €132,129 | €127,699 | -€4,430 | -3.4% |
| Financial income | 75/76B | €9,853 | €17,085 | +€7,232 | +73.4% |
| Recurring financial income | 75 | €9,853 | €17,085 | +€7,232 | +73.4% |
| Financial charges | 65/66B | €141 | €285 | +€145 | +103% |
| Recurring financial charges | 65 | €141 | €285 | +€145 | +103% |
| Profit (loss) for the period before taxes | 9903 | €141,842 | €144,499 | +€2,657 | +1.9% |
| Transfer from deferred taxes | 780 | €820 | €820 | = | 0.0% |
| Income taxes | 67/77 | €531 | €17,207 | +€16,676 | +3,142% |
| Profit (loss) for the period | 9904 | €142,131 | €128,112 | -€14,019 | -9.9% |
| Transfer from tax-exempt reserves | 789 | €2,459 | €2,459 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,590 | €130,571 | -€14,019 | -9.7% |
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 16 October 2026 via checked.be.