EDISON: 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.
EDISON
Largest movements
- Receivables within one year +€406,699
up €406,699 (+178.4%), from €227,991 to €634,690
of which Trade receivables: +€340,777
- Cash -€83,899
down €83,899 (-52.8%), from €158,897 to €74,998
mainly Receivables within one year (-€406,699) and Investment in fixed assets (net) (-€64,709)
- Trade debts +€164,551
up €164,551 (+269.7%), from €61,023 to €225,574
- Tax, wage and social debts +€86,743
up €86,743 (+107.9%), from €80,412 to €167,155
of which Remuneration and social security: +€84,013
- Reserves +€80,000
up €80,000 (+235.0%), from €34,037 to €114,037
of which Distributable reserves: +€80,000
- Staff costs +€182,764
up €182,764 (+45.4%), from €402,207 to €584,971
- Gross operating margin +€86,626
up €86,626 (+12.2%), from €712,819 to €799,445
- Depreciation +€12,776
up €12,776 (+25.2%), from €50,796 to €63,571
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 | €1,029,210 | €1,357,195 | +€327,985 | +31.9% |
| Fixed assets | 21/28 | €602,253 | €603,391 | +€1,138 | +0.2% |
| Tangible fixed assets | 22/27 | €602,092 | €603,230 | +€1,138 | +0.2% |
| Land and buildings | 22 | €512,382 | €492,807 | -€19,575 | -3.8% |
| Plant, machinery and equipment | 23 | €1,344 | €1,500 | +€156 | +11.6% |
| Furniture and vehicles | 24 | €88,366 | €108,922 | +€20,556 | +23.3% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €426,957 | €753,804 | +€326,847 | +76.6% |
| Stocks and contracts in progress | 3 | €34,756 | €39,756 | +€5,000 | +14.4% |
| Stocks | 30/36 | €34,756 | €39,756 | +€5,000 | +14.4% |
| Amounts receivable within one year | 40/41 | €227,991 | €634,690 | +€406,699 | +178.4% |
| Trade receivables | 40 | €194,907 | €535,684 | +€340,777 | +174.8% |
| Other amounts receivable | 41 | €33,084 | €99,006 | +€65,922 | +199.3% |
| Cash at bank and in hand | 54/58 | €158,897 | €74,998 | -€83,899 | -52.8% |
| Deferred charges and accrued income | 490/1 | €5,313 | €4,360 | -€953 | -17.9% |
| Total equity and liabilities | 10/49 | €1,029,210 | €1,357,195 | +€327,985 | +31.9% |
| Equity | 10/15 | €358,729 | €429,345 | +€70,616 | +19.7% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Reserves | 13 | €34,037 | €114,037 | +€80,000 | +235.0% |
| Tax-exempt reserves | 132 | €34,037 | €34,037 | = | 0.0% |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | €304,240 | €294,856 | -€9,384 | -3.1% |
| Amounts payable | 17/49 | €670,481 | €927,850 | +€257,369 | +38.4% |
| Amounts payable after more than one year | 17 | €465,455 | €454,106 | -€11,349 | -2.4% |
| Financial debts | 170/4 | €465,455 | €454,106 | -€11,349 | -2.4% |
| Amounts payable within one year | 42/48 | €205,026 | €473,744 | +€268,718 | +131.1% |
| Current portion of amounts payable after more than one year | 42 | €45,442 | €58,816 | +€13,374 | +29.4% |
| Trade debts | 44 | €61,023 | €225,574 | +€164,551 | +269.7% |
| Suppliers | 440/4 | €61,023 | €225,574 | +€164,551 | +269.7% |
| Taxes, remuneration and social security | 45 | €80,412 | €167,155 | +€86,743 | +107.9% |
| Taxes | 450/3 | €18,585 | €21,316 | +€2,731 | +14.7% |
| Remuneration and social security | 454/9 | €61,826 | €145,839 | +€84,013 | +135.9% |
| Other amounts payable | 47/48 | €18,150 | €22,199 | +€4,050 | +22.3% |
| Remuneration, social security and pensions | 62 | €402,207 | €584,971 | +€182,764 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,796 | €63,571 | +€12,776 | +25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,542 | - | -€6,542 | |
| Other operating charges | 640/8 | €5,405 | €6,908 | +€1,504 | +27.8% |
| Non-recurring operating charges | 66A | €204 | €1,525 | +€1,321 | +649.1% |
| Gross operating margin | 9900 | €712,819 | €799,445 | +€86,626 | +12.2% |
| Operating profit (loss) | 9901 | €247,665 | €142,469 | -€105,197 | -42.5% |
| Financial income | 75/76B | €1,246 | €163 | -€1,083 | -86.9% |
| Recurring financial income | 75 | €1,246 | €163 | -€1,083 | -86.9% |
| Financial charges | 65/66B | €13,571 | €12,565 | -€1,006 | -7.4% |
| Recurring financial charges | 65 | €13,571 | €12,565 | -€1,006 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €235,340 | €130,067 | -€105,273 | -44.7% |
| Income taxes | 67/77 | €34,231 | €39,451 | +€5,220 | +15.3% |
| Profit (loss) for the period | 9904 | €201,109 | €90,616 | -€110,493 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €201,109 | €90,616 | -€110,493 | -54.9% |
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 1 October 2026 via checked.be.