EDIRT: 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.
EDIRT
Largest movements
- Cash -€68,344
down €68,344 (-47.3%), from €144,621 to €76,277
mainly Investment in fixed assets (net) (-€106,140) and Trade debts (-€82,282)
- Stocks and contracts +€59,194
up €59,194 (+92.1%), from €64,248 to €123,442
- Tangible fixed assets +€27,715
up €27,715 (+10.3%), from €268,928 to €296,643
of which Plant, machinery and equipment: +€40,706
- Reserves +€100,625
up €100,625 (+163.0%), from €61,732 to €162,357
- Trade debts -€82,282
down €82,282 (-79.3%), from €103,816 to €21,534
- Debts after one year -€48,694
down €48,694 (-31.6%), from €154,222 to €105,528
- Tax, wage and social debts +€30,376
up €30,376 (+143.8%), from €21,120 to €51,496
of which Taxes: +€23,757
- Advances received +€9,818
new in 2025: €9,818
- Gross operating margin +€99,092
up €99,092 (+35.2%), from €281,323 to €380,415
- Other operating charges -€75,167
down €75,167 (-82.5%), from €91,105 to €15,938
- Staff costs +€24,567
up €24,567 (+18.5%), from €133,156 to €157,723
- Depreciation +€19,149
up €19,149 (+33.6%), from €56,917 to €76,066
- Taxes +€12,796
new in 2025: €12,796
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 | €496,179 | €513,889 | +€17,710 | +3.6% |
| Fixed assets | 21/28 | €269,849 | €299,924 | +€30,074 | +11.1% |
| Intangible fixed assets | 21 | €921 | €1,781 | +€860 | +93.3% |
| Tangible fixed assets | 22/27 | €268,928 | €296,643 | +€27,715 | +10.3% |
| Plant, machinery and equipment | 23 | €73,205 | €113,911 | +€40,706 | +55.6% |
| Furniture and vehicles | 24 | €1,132 | €199 | -€933 | -82.4% |
| Other tangible fixed assets | 26 | €194,591 | €182,533 | -€12,059 | -6.2% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €226,330 | €213,966 | -€12,364 | -5.5% |
| Stocks and contracts in progress | 3 | €64,248 | €123,442 | +€59,194 | +92.1% |
| Stocks | 30/36 | €64,248 | €123,442 | +€59,194 | +92.1% |
| Amounts receivable within one year | 40/41 | €17,461 | €14,247 | -€3,213 | -18.4% |
| Trade receivables | 40 | €8,014 | - | -€8,014 | |
| Other amounts receivable | 41 | €9,447 | €14,247 | +€4,801 | +50.8% |
| Cash at bank and in hand | 54/58 | €144,621 | €76,277 | -€68,344 | -47.3% |
| Total equity and liabilities | 10/49 | €496,179 | €513,889 | +€17,710 | +3.6% |
| Equity | 10/15 | €151,732 | €252,357 | +€100,625 | +66.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €61,732 | €162,357 | +€100,625 | +163.0% |
| Distributable reserves | 133 | €61,732 | €162,357 | +€100,625 | +163.0% |
| Amounts payable | 17/49 | €344,447 | €261,533 | -€82,914 | -24.1% |
| Amounts payable after more than one year | 17 | €154,222 | €105,528 | -€48,694 | -31.6% |
| Financial debts | 170/4 | €154,222 | €105,528 | -€48,694 | -31.6% |
| Amounts payable within one year | 42/48 | €152,725 | €118,505 | -€34,220 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €27,788 | €35,657 | +€7,869 | +28.3% |
| Trade debts | 44 | €103,816 | €21,534 | -€82,282 | -79.3% |
| Suppliers | 440/4 | €103,816 | €21,534 | -€82,282 | -79.3% |
| Advances received on contracts in progress | 46 | - | €9,818 | +€9,818 | |
| Taxes, remuneration and social security | 45 | €21,120 | €51,496 | +€30,376 | +143.8% |
| Taxes | 450/3 | €7,730 | €31,487 | +€23,757 | +307.3% |
| Remuneration and social security | 454/9 | €13,390 | €20,009 | +€6,619 | +49.4% |
| Accrued charges and deferred income | 492/3 | €37,500 | €37,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €133,156 | €157,723 | +€24,567 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,917 | €76,066 | +€19,149 | +33.6% |
| Other operating charges | 640/8 | €91,105 | €15,938 | -€75,167 | -82.5% |
| Gross operating margin | 9900 | €281,323 | €380,415 | +€99,092 | +35.2% |
| Operating profit (loss) | 9901 | €145 | €130,688 | +€130,543 | +89948.9% |
| Financial income | 75/76B | €157 | €102 | -€56 | -35.4% |
| Recurring financial income | 75 | €157 | €102 | -€56 | -35.4% |
| Financial charges | 65/66B | €17,721 | €17,369 | -€352 | -2.0% |
| Recurring financial charges | 65 | €17,721 | €17,369 | -€352 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,419 | €113,420 | +€130,839 | |
| Income taxes | 67/77 | - | €12,796 | +€12,796 | |
| Profit (loss) for the period | 9904 | -€17,419 | €100,625 | +€118,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,419 | €100,625 | +€118,044 |
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 6 October 2026 via checked.be.