EDITX: 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.
EDITX
Largest movements
- Intangible fixed assets +€39,611
up €39,611 (+20.8%), from €190,678 to €230,289
- Receivables within one year +€11,464
up €11,464 (+12.6%), from €90,722 to €102,186
of which Trade receivables: +€11,292
- Tangible fixed assets -€7,319
down €7,319 (-75.3%), from €9,716 to €2,397
- Debts after one year +€36,957
up €36,957, from €0 to €36,957
- Accrued charges and deferred income +€36,833
up €36,833 (+41.8%), from €88,066 to €124,899
- Other debts -€27,885
down €27,885 (-36.0%), from €77,473 to €49,588
- Trade debts -€18,702
down €18,702 (-45.8%), from €40,852 to €22,149
- Current portion of long-term debt +€17,129
new in 2025: €17,129
- Turnover -€470,810
no longer reported in 2025 (was €470,810)
- Purchases and services -€296,447
no longer reported in 2025 (was €296,447)
- Gross operating margin -€111,288
down €111,288 (-29.7%), from €374,085 to €262,797
- Staff costs -€68,668
down €68,668 (-24.6%), from €279,607 to €210,938
- Depreciation +€27,023
up €27,023 (+88.6%), from €30,483 to €57,506
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 | €299,360 | €346,908 | +€47,548 | +15.9% |
| Fixed assets | 21/28 | €206,544 | €238,836 | +€32,292 | +15.6% |
| Intangible fixed assets | 21 | €190,678 | €230,289 | +€39,611 | +20.8% |
| Tangible fixed assets | 22/27 | €9,716 | €2,397 | -€7,319 | -75.3% |
| Furniture and vehicles | 24 | €9,716 | €2,397 | -€7,319 | -75.3% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €92,816 | €108,072 | +€15,256 | +16.4% |
| Amounts receivable within one year | 40/41 | €90,722 | €102,186 | +€11,464 | +12.6% |
| Trade receivables | 40 | €90,722 | €102,014 | +€11,292 | +12.4% |
| Other amounts receivable | 41 | €0 | €172 | +€172 | |
| Cash at bank and in hand | 54/58 | €315 | €3,452 | +€3,137 | +996.4% |
| Deferred charges and accrued income | 490/1 | €1,779 | €2,434 | +€655 | +36.8% |
| Total equity and liabilities | 10/49 | €299,360 | €346,908 | +€47,548 | +15.9% |
| Equity | 10/15 | €36,756 | €26,227 | -€10,529 | -28.6% |
| Contributions | 10/11 | €216,447 | €216,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,691 | -€190,220 | -€10,529 | -5.9% |
| Amounts payable | 17/49 | €262,604 | €320,682 | +€58,078 | +22.1% |
| Amounts payable after more than one year | 17 | €0 | €36,957 | +€36,957 | |
| Financial debts | 170/4 | €0 | €36,957 | +€36,957 | |
| Amounts payable within one year | 42/48 | €174,538 | €158,826 | -€15,712 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | - | €17,129 | +€17,129 | |
| Trade debts | 44 | €40,852 | €22,149 | -€18,702 | -45.8% |
| Suppliers | 440/4 | €40,852 | €22,149 | -€18,702 | -45.8% |
| Taxes, remuneration and social security | 45 | €56,214 | €69,959 | +€13,746 | +24.5% |
| Taxes | 450/3 | €19,620 | €30,923 | +€11,303 | +57.6% |
| Remuneration and social security | 454/9 | €36,593 | €39,036 | +€2,443 | +6.7% |
| Other amounts payable | 47/48 | €77,473 | €49,588 | -€27,885 | -36.0% |
| Accrued charges and deferred income | 492/3 | €88,066 | €124,899 | +€36,833 | +41.8% |
| Turnover | 70 | €470,810 | - | -€470,810 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €296,447 | - | -€296,447 | |
| Remuneration, social security and pensions | 62 | €279,607 | €210,938 | -€68,668 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,483 | €57,506 | +€27,023 | +88.6% |
| Other operating charges | 640/8 | €683 | €753 | +€70 | +10.3% |
| Non-recurring operating charges | 66A | €1,250 | €0 | -€1,250 | -100.0% |
| Gross operating margin | 9900 | €374,085 | €262,797 | -€111,288 | -29.7% |
| Operating profit (loss) | 9901 | €62,062 | -€6,401 | -€68,463 | |
| Financial income | 75/76B | €324 | €0 | -€324 | -100.0% |
| Recurring financial income | 75 | €324 | €0 | -€324 | -100.0% |
| Financial charges | 65/66B | €3,384 | €3,638 | +€254 | +7.5% |
| Recurring financial charges | 65 | €3,384 | €3,638 | +€254 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €59,002 | -€10,039 | -€69,041 | |
| Income taxes | 67/77 | €1,168 | €490 | -€678 | -58.0% |
| Profit (loss) for the period | 9904 | €57,834 | -€10,529 | -€68,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,834 | -€10,529 | -€68,363 |
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 2 October 2026 via checked.be.