Ediforce: 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.
Ediforce
Largest movements
- Receivables after one year -€107,563
down €107,563 (-100.0%), from €107,563 to €0
- Current investments +€79,517
up €79,517 (+71.9%), from €110,539 to €190,056
- Deferred charges and accrued income +€49,080
up €49,080 (+1680.9%), from €2,920 to €52,000
- Cash -€46,874
down €46,874 (-92.5%), from €50,660 to €3,786
mainly Contributions, distributions and other (-€234,101) and Current investments (-€79,517)
- Receivables within one year +€15,501
up €15,501 (+20.8%), from €74,595 to €90,096
of which Trade receivables: +€8,661
- Reserves -€71,382
down €71,382 (-17.7%), from €402,189 to €330,806
- Short-term financial debts +€50,000
new in 2025: €50,000
- Gross operating margin +€148,579
up €148,579 (+213.1%), from €69,737 to €218,316
- Taxes +€34,606
up €34,606 (+242.8%), from €14,254 to €48,861
- Financial charges +€3,053
up €3,053 (+791.5%), from €386 to €3,439
- Depreciation -€2,899
down €2,899 (-32.0%), from €9,062 to €6,163
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 | €418,702 | €400,050 | -€18,652 | -4.5% |
| Fixed assets | 21/28 | €72,425 | €64,112 | -€8,313 | -11.5% |
| Tangible fixed assets | 22/27 | €72,275 | €63,962 | -€8,313 | -11.5% |
| Land and buildings | 22 | €59,539 | €56,216 | -€3,323 | -5.6% |
| Plant, machinery and equipment | 23 | €904 | €1,799 | +€895 | +98.9% |
| Furniture and vehicles | 24 | €6,886 | €2,053 | -€4,833 | -70.2% |
| Other tangible fixed assets | 26 | €4,946 | €3,894 | -€1,052 | -21.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €346,277 | €335,938 | -€10,339 | -3.0% |
| Amounts receivable after more than one year | 29 | €107,563 | €0 | -€107,563 | -100.0% |
| Other amounts receivable | 291 | €107,563 | €0 | -€107,563 | -100.0% |
| Amounts receivable within one year | 40/41 | €74,595 | €90,096 | +€15,501 | +20.8% |
| Trade receivables | 40 | €31,501 | €40,163 | +€8,661 | +27.5% |
| Other amounts receivable | 41 | €43,094 | €49,934 | +€6,840 | +15.9% |
| Current investments | 50/53 | €110,539 | €190,056 | +€79,517 | +71.9% |
| Cash at bank and in hand | 54/58 | €50,660 | €3,786 | -€46,874 | -92.5% |
| Deferred charges and accrued income | 490/1 | €2,920 | €52,000 | +€49,080 | +1680.9% |
| Total equity and liabilities | 10/49 | €418,702 | €400,050 | -€18,652 | -4.5% |
| Equity | 10/15 | €412,189 | €340,806 | -€71,382 | -17.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €402,189 | €330,806 | -€71,382 | -17.7% |
| Distributable reserves | 133 | €402,189 | €330,806 | -€71,382 | -17.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,513 | €59,244 | +€52,731 | +809.6% |
| Amounts payable within one year | 42/48 | €6,513 | €59,244 | +€52,731 | +809.6% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €4,175 | €3,782 | -€393 | -9.4% |
| Suppliers | 440/4 | €4,175 | €3,782 | -€393 | -9.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,338 | €5,462 | +€3,124 | +133.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,062 | €6,163 | -€2,899 | -32.0% |
| Other operating charges | 640/8 | €1,432 | €1,664 | +€233 | +16.3% |
| Gross operating margin | 9900 | €69,737 | €218,316 | +€148,579 | +213.1% |
| Operating profit (loss) | 9901 | €59,244 | €210,488 | +€151,245 | +255.3% |
| Financial income | 75/76B | €2,976 | €4,530 | +€1,554 | +52.2% |
| Recurring financial income | 75 | €2,976 | €4,530 | +€1,554 | +52.2% |
| Financial charges | 65/66B | €386 | €3,439 | +€3,053 | +791.5% |
| Recurring financial charges | 65 | €386 | €3,439 | +€3,053 | +791.5% |
| Profit (loss) for the period before taxes | 9903 | €61,834 | €211,580 | +€149,746 | +242.2% |
| Income taxes | 67/77 | €14,254 | €48,861 | +€34,606 | +242.8% |
| Profit (loss) for the period | 9904 | €47,579 | €162,719 | +€115,139 | +242.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,579 | €162,719 | +€115,139 | +242.0% |
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 9 October 2026 via checked.be.