EDILU: 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.
What changed
EDILU
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€251,935
2024 · €304,318-€52,383
Equity
€3.7m
2024 · €3.4m+€251,935
Cash
€686,721
2024 · €647,695+€39,025
Balance sheet total
€5.0m
2024 · €4.8m+€177,984
Largest movements
Assets
- Tangible fixed assets +€154,906
up €154,906 (+17.9%), from €865,092 to €1.0m
Equity and liabilities
- Reserves +€251,935
up €251,935 (+7.5%), from €3.4m to €3.6m
of which Distributable reserves: +€259,765
Income statement
- Financial income -€53,647
down €53,647 (-13.4%), from €400,247 to €346,600
- Depreciation +€8,770
up €8,770 (+30.7%), from €28,527 to €37,297
- Financial charges -€7,765
down €7,765 (-8.8%), from €87,765 to €80,000
of which Financial charges: -€7,765
- Taxes -€5,238
down €5,238 (-16.8%), from €31,215 to €25,977
- Other operating charges +€1,574
up €1,574 (+27.0%), from €5,826 to €7,399
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
€304,318
Gross operating margin
-€1,395
Depreciation
-€8,770
Other operating charges
-€1,574
Financial income
-€53,647
Financial charges
+€7,765
Taxes
+€5,238
Result 2025
€251,935
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.
From operations
+€280,594
Investment
-€192,202
Financing
-€49,366
Cash 2024
€647,695
From operations (derived)
+€280,594
Net result for the year
+€251,935
Depreciation
+€37,297
Receivables within one year
+€15,987
Deferred charges and accrued income
-€39
Provisions
-€2,610
Trade debts
+€3,214
Tax, wage and social debts
-€3,123
Other debts
-€14,779
Accrued charges and deferred income
-€7,287
Investment (derived)
-€192,202
Investment in fixed assets (net)
-€192,202
Financing
-€49,366
Debts after one year
-€49,366
Cash 2025
€686,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,802,667 | €4,980,650 | +€177,984 | +3.7% |
| Formation expenses | 20 | €1,689 | €1,689 | = | 0.0% |
| Fixed assets | 21/28 | €3,817,043 | €3,971,949 | +€154,906 | +4.1% |
| Tangible fixed assets | 22/27 | €865,092 | €1,019,998 | +€154,906 | +17.9% |
| Land and buildings | 22 | €865,092 | €1,019,998 | +€154,906 | +17.9% |
| Financial fixed assets | 28 | €2,951,951 | €2,951,951 | = | 0.0% |
| Current assets | 29/58 | €983,935 | €1,007,013 | +€23,078 | +2.3% |
| Amounts receivable within one year | 40/41 | €334,997 | €319,010 | -€15,987 | -4.8% |
| Other amounts receivable | 41 | €334,997 | €319,010 | -€15,987 | -4.8% |
| Cash at bank and in hand | 54/58 | €647,695 | €686,721 | +€39,025 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,282 | +€39 | +3.2% |
| Total equity and liabilities | 10/49 | €4,802,667 | €4,980,650 | +€177,984 | +3.7% |
| Equity | 10/15 | €3,428,068 | €3,680,003 | +€251,935 | +7.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,366,068 | €3,618,003 | +€251,935 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,585 | €195,755 | -€7,830 | -3.8% |
| Distributable reserves | 133 | €3,156,283 | €3,416,048 | +€259,765 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €67,862 | €65,252 | -€2,610 | -3.8% |
| Deferred taxes | 168 | €67,862 | €65,252 | -€2,610 | -3.8% |
| Amounts payable | 17/49 | €1,306,737 | €1,235,396 | -€71,341 | -5.5% |
| Amounts payable after more than one year | 17 | €1,003,862 | €954,496 | -€49,366 | -4.9% |
| Other amounts payable | 178/9 | €1,003,862 | €954,496 | -€49,366 | -4.9% |
| Amounts payable within one year | 42/48 | €247,241 | €232,553 | -€14,688 | -5.9% |
| Trade debts | 44 | - | €3,214 | +€3,214 | |
| Suppliers | 440/4 | - | €3,214 | +€3,214 | |
| Taxes, remuneration and social security | 45 | €23,843 | €20,720 | -€3,123 | -13.1% |
| Taxes | 450/3 | €23,843 | €20,720 | -€3,123 | -13.1% |
| Other amounts payable | 47/48 | €223,398 | €208,619 | -€14,779 | -6.6% |
| Accrued charges and deferred income | 492/3 | €55,634 | €48,347 | -€7,287 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,527 | €37,297 | +€8,770 | +30.7% |
| Other operating charges | 640/8 | €5,826 | €7,399 | +€1,574 | +27.0% |
| Gross operating margin | 9900 | €54,793 | €53,397 | -€1,395 | -2.5% |
| Operating profit (loss) | 9901 | €20,440 | €8,701 | -€11,739 | -57.4% |
| Financial income | 75/76B | €400,247 | €346,600 | -€53,647 | -13.4% |
| Recurring financial income | 75 | €400,247 | €346,600 | -€53,647 | -13.4% |
| Financial charges | 65/66B | €87,765 | €80,000 | -€7,765 | -8.8% |
| Recurring financial charges | 65 | €87,765 | €80,000 | -€7,765 | -8.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €332,922 | €275,301 | -€57,621 | -17.3% |
| Transfer from deferred taxes | 780 | €2,610 | €2,610 | = | 0.0% |
| Income taxes | 67/77 | €31,215 | €25,977 | -€5,238 | -16.8% |
| Profit (loss) for the period | 9904 | €304,318 | €251,935 | -€52,383 | -17.2% |
| Transfer from tax-exempt reserves | 789 | €7,830 | €7,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €312,148 | €259,765 | -€52,383 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.