EDIV: 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.
EDIV
Largest movements
- Receivables within one year -€34,611
down €34,611 (-22.8%), from €151,473 to €116,862
of which Other amounts receivable: -€24,521
- Cash -€8,670
down €8,670 (-40.7%), from €21,320 to €12,650
mainly Trade debts (-€36,587) and Investment in fixed assets (net) (-€7,705)
- Tangible fixed assets +€1,949
up €1,949 (+98.0%), from €1,989 to €3,938
of which Furniture and vehicles: +€2,180
- Trade debts -€36,587
down €36,587 (-51.5%), from €70,978 to €34,391
- Tax, wage and social debts -€2,919
down €2,919 (-30.1%), from €9,698 to €6,779
- Write-downs +€12,424
new in 2025: €12,424
- Taxes -€2,919
down €2,919 (-30.1%), from €9,698 to €6,779
- Depreciation -€2,702
down €2,702 (-31.9%), from €8,459 to €5,757
- Financial income -€1,859
down €1,859 (-42.7%), from €4,357 to €2,498
- Financial charges -€936
down €936 (-81.8%), from €1,144 to €208
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 | €179,131 | €139,364 | -€39,766 | -22.2% |
| Fixed assets | 21/28 | €1,989 | €3,938 | +€1,949 | +98.0% |
| Tangible fixed assets | 22/27 | €1,989 | €3,938 | +€1,949 | +98.0% |
| Plant, machinery and equipment | 23 | €231 | €0 | -€231 | -100.0% |
| Furniture and vehicles | 24 | €1,758 | €3,938 | +€2,180 | +124.0% |
| Current assets | 29/58 | €177,142 | €135,427 | -€41,715 | -23.5% |
| Amounts receivable within one year | 40/41 | €151,473 | €116,862 | -€34,611 | -22.8% |
| Trade receivables | 40 | €75,489 | €65,399 | -€10,090 | -13.4% |
| Other amounts receivable | 41 | €75,984 | €51,463 | -€24,521 | -32.3% |
| Cash at bank and in hand | 54/58 | €21,320 | €12,650 | -€8,670 | -40.7% |
| Deferred charges and accrued income | 490/1 | €4,348 | €5,915 | +€1,566 | +36.0% |
| Total equity and liabilities | 10/49 | €179,131 | €139,364 | -€39,766 | -22.2% |
| Equity | 10/15 | €98,099 | €98,194 | +€94 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,039 | €90,134 | +€94 | +0.1% |
| Amounts payable | 17/49 | €81,031 | €41,171 | -€39,861 | -49.2% |
| Amounts payable within one year | 42/48 | €81,031 | €41,171 | -€39,861 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €355 | €0 | -€355 | -100.0% |
| Trade debts | 44 | €70,978 | €34,391 | -€36,587 | -51.5% |
| Suppliers | 440/4 | €70,978 | €34,391 | -€36,587 | -51.5% |
| Taxes, remuneration and social security | 45 | €9,698 | €6,779 | -€2,919 | -30.1% |
| Taxes | 450/3 | €9,698 | €6,779 | -€2,919 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,459 | €5,757 | -€2,702 | -31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,424 | +€12,424 | |
| Other operating charges | 640/8 | €1,004 | €848 | -€156 | -15.6% |
| Gross operating margin | 9900 | €23,404 | €23,612 | +€207 | +0.9% |
| Operating profit (loss) | 9901 | €13,941 | €4,584 | -€9,357 | -67.1% |
| Financial income | 75/76B | €4,357 | €2,498 | -€1,859 | -42.7% |
| Recurring financial income | 75 | €4,357 | €2,498 | -€1,859 | -42.7% |
| Financial charges | 65/66B | €1,144 | €208 | -€936 | -81.8% |
| Recurring financial charges | 65 | €1,144 | €208 | -€936 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €17,154 | €6,874 | -€10,281 | -59.9% |
| Income taxes | 67/77 | €9,698 | €6,779 | -€2,919 | -30.1% |
| Profit (loss) for the period | 9904 | €7,457 | €94 | -€7,362 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,457 | €94 | -€7,362 | -98.7% |
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 8 October 2026 via checked.be.