EDIVALOR: what changed
Two financial 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.
EDIVALOR
Largest movements
- Receivables within one year +€621,188
up €621,188 (+48.0%), from €1.3m to €1.9m
of which Trade receivables: +€646,065
- Cash -€126,914
down €126,914 (-42.8%), from €296,611 to €169,698
mainly Receivables within one year (-€621,188) and Investment in fixed assets (net) (-€148,726)
- Tangible fixed assets +€105,273
up €105,273 (+203.5%), from €51,743 to €157,016
of which Furniture and vehicles: +€59,331
- Profit (loss) carried forward +€597,961
up €597,961 (+105.9%), from €564,839 to €1.2m
- Accrued charges and deferred income -€94,967
down €94,967 (-82.1%), from €115,736 to €20,769
- Tax, wage and social debts +€82,677
up €82,677 (+30.8%), from €268,322 to €350,999
of which Taxes: +€84,637
- Gross operating margin -€197,482
down €197,482 (-11.8%), from €1.7m to €1.5m
- Staff costs +€131,571
up €131,571 (+26.6%), from €495,248 to €626,818
- Depreciation +€33,917
up €33,917 (+397.3%), from €8,536 to €42,453
- Taxes +€24,660
up €24,660 (+13.4%), from €184,339 to €208,999
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 | €1,680,305 | €2,284,703 | +€604,398 | +36.0% |
| Fixed assets | 21/28 | €87,108 | €193,381 | +€106,273 | +122.0% |
| Tangible fixed assets | 22/27 | €51,743 | €157,016 | +€105,273 | +203.5% |
| Plant, machinery and equipment | 23 | €38,685 | €84,628 | +€45,942 | +118.8% |
| Furniture and vehicles | 24 | €13,058 | €72,389 | +€59,331 | +454.4% |
| Financial fixed assets | 28 | €35,365 | €36,365 | +€1,000 | +2.8% |
| Current assets | 29/58 | €1,593,197 | €2,091,322 | +€498,124 | +31.3% |
| Amounts receivable within one year | 40/41 | €1,293,567 | €1,914,756 | +€621,188 | +48.0% |
| Trade receivables | 40 | €1,259,902 | €1,905,967 | +€646,065 | +51.3% |
| Other amounts receivable | 41 | €33,666 | €8,789 | -€24,877 | -73.9% |
| Cash at bank and in hand | 54/58 | €296,611 | €169,698 | -€126,914 | -42.8% |
| Deferred charges and accrued income | 490/1 | €3,019 | €6,869 | +€3,850 | +127.5% |
| Total equity and liabilities | 10/49 | €1,680,305 | €2,284,703 | +€604,398 | +36.0% |
| Equity | 10/15 | €585,739 | €1,183,701 | +€597,961 | +102.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €564,839 | €1,162,801 | +€597,961 | +105.9% |
| Amounts payable | 17/49 | €1,094,566 | €1,101,002 | +€6,436 | +0.6% |
| Amounts payable after more than one year | 17 | - | €10,734 | +€10,734 | |
| Financial debts | 170/4 | - | €10,734 | +€10,734 | |
| Amounts payable within one year | 42/48 | €978,830 | €1,069,499 | +€90,670 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,837 | +€13,837 | |
| Financial debts | 43 | €499 | €499 | = | 0.0% |
| Credit institutions | 430/8 | €499 | €499 | = | 0.0% |
| Trade debts | 44 | €690,884 | €690,166 | -€718 | -0.1% |
| Suppliers | 440/4 | €690,884 | €690,166 | -€718 | -0.1% |
| Taxes, remuneration and social security | 45 | €268,322 | €350,999 | +€82,677 | +30.8% |
| Taxes | 450/3 | €227,974 | €312,611 | +€84,637 | +37.1% |
| Remuneration and social security | 454/9 | €40,349 | €38,388 | -€1,961 | -4.9% |
| Other amounts payable | 47/48 | €19,125 | €13,999 | -€5,126 | -26.8% |
| Accrued charges and deferred income | 492/3 | €115,736 | €20,769 | -€94,967 | -82.1% |
| Remuneration, social security and pensions | 62 | €495,248 | €626,818 | +€131,571 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,536 | €42,453 | +€33,917 | +397.3% |
| Other operating charges | 640/8 | €4,116 | €6,232 | +€2,116 | +51.4% |
| Gross operating margin | 9900 | €1,680,519 | €1,483,037 | -€197,482 | -11.8% |
| Operating profit (loss) | 9901 | €1,172,619 | €807,534 | -€365,086 | -31.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €306 | €573 | +€267 | +87.1% |
| Recurring financial charges | 65 | €306 | €573 | +€267 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €1,172,313 | €806,961 | -€365,353 | -31.2% |
| Income taxes | 67/77 | €184,339 | €208,999 | +€24,660 | +13.4% |
| Profit (loss) for the period | 9904 | €987,974 | €597,961 | -€390,013 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €987,974 | €597,961 | -€390,013 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.