EDL PRODUCTS: 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.
EDL PRODUCTS
Largest movements
- Cash -€61,340
down €61,340 (-50.8%), from €120,734 to €59,394
mainly Investment in fixed assets (net) (-€62,657) and Debts after one year (-€32,237)
- Tangible fixed assets +€38,812
up €38,812 (+32.6%), from €119,221 to €158,033
of which Furniture and vehicles: +€49,005
- Stocks and contracts +€16,467
up €16,467 (+98.1%), from €16,793 to €33,260
- Receivables within one year -€9,261
down €9,261 (-44.4%), from €20,840 to €11,579
of which Trade receivables: -€7,649
- Debts after one year -€32,237
down €32,237 (-43.2%), from €74,696 to €42,460
- Current portion of long-term debt +€18,467
up €18,467 (+134%), from €13,770 to €32,237
- Trade debts -€15,155
down €15,155 (-55.2%), from €27,447 to €12,292
- Other debts +€12,965
up €12,965 (+19.8%), from €65,442 to €78,407
- Gross operating margin +€26,067
up €26,067 (+180%), from €14,447 to €40,514
- Depreciation +€12,093
up €12,093 (+103%), from €11,752 to €23,845
- Other operating charges +€5,537
up €5,537 (+1,013%), from €547 to €6,084
- Financial charges +€4,103
up €4,103 (+233%), from €1,760 to €5,863
of which Non-recurring financial charges: +€4,180
- Taxes +€2,567
up €2,567 (+2,523%), from €102 to €2,669
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.
Derived cash bridge
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 | €277,588 | €262,266 | -€15,322 | -5.5% |
| Fixed assets | 21/28 | €119,221 | €158,033 | +€38,812 | +32.6% |
| Tangible fixed assets | 22/27 | €119,221 | €158,033 | +€38,812 | +32.6% |
| Land and buildings | 22 | €86,821 | €80,406 | -€6,415 | -7.4% |
| Plant, machinery and equipment | 23 | €28,051 | €24,273 | -€3,778 | -13.5% |
| Furniture and vehicles | 24 | €4,349 | €53,354 | +€49,005 | +1,127% |
| Current assets | 29/58 | €158,367 | €104,233 | -€54,134 | -34.2% |
| Stocks and contracts in progress | 3 | €16,793 | €33,260 | +€16,467 | +98.1% |
| Stocks | 30/36 | €16,793 | €33,260 | +€16,467 | +98.1% |
| Amounts receivable within one year | 40/41 | €20,840 | €11,579 | -€9,261 | -44.4% |
| Trade receivables | 40 | €12,657 | €5,008 | -€7,649 | -60.4% |
| Other amounts receivable | 41 | €8,183 | €6,571 | -€1,612 | -19.7% |
| Cash at bank and in hand | 54/58 | €120,734 | €59,394 | -€61,340 | -50.8% |
| Total equity and liabilities | 10/49 | €277,588 | €262,266 | -€15,322 | -5.5% |
| Equity | 10/15 | €93,370 | €95,527 | +€2,157 | +2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €38,118 | €40,276 | +€2,157 | +5.7% |
| Distributable reserves | 133 | €38,118 | €40,276 | +€2,157 | +5.7% |
| Profit (loss) carried forward | 14 | €30,251 | €30,251 | = | 0.0% |
| Amounts payable | 17/49 | €184,219 | €166,739 | -€17,479 | -9.5% |
| Amounts payable after more than one year | 17 | €74,696 | €42,460 | -€32,237 | -43.2% |
| Financial debts | 170/4 | €74,696 | €42,460 | -€32,237 | -43.2% |
| Amounts payable within one year | 42/48 | €109,522 | €124,280 | +€14,758 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €13,770 | €32,237 | +€18,467 | +134% |
| Trade debts | 44 | €27,447 | €12,292 | -€15,155 | -55.2% |
| Suppliers | 440/4 | €27,447 | €12,292 | -€15,155 | -55.2% |
| Taxes, remuneration and social security | 45 | €2,862 | €1,344 | -€1,519 | -53.1% |
| Taxes | 450/3 | €2,862 | €1,344 | -€1,519 | -53.1% |
| Other amounts payable | 47/48 | €65,442 | €78,407 | +€12,965 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,752 | €23,845 | +€12,093 | +103% |
| Other operating charges | 640/8 | €547 | €6,084 | +€5,537 | +1,013% |
| Gross operating margin | 9900 | €14,447 | €40,514 | +€26,067 | +180% |
| Operating profit (loss) | 9901 | €2,149 | €10,585 | +€8,436 | +393% |
| Financial income | 75/76B | €19 | €104 | +€86 | +460% |
| Recurring financial income | 75 | €19 | €104 | +€86 | +460% |
| Financial charges | 65/66B | €1,760 | €5,863 | +€4,103 | +233% |
| Recurring financial charges | 65 | €1,760 | €1,683 | -€77 | -4.4% |
| Non-recurring financial charges | 66B | - | €4,180 | +€4,180 | |
| Profit (loss) for the period before taxes | 9903 | €407 | €4,826 | +€4,419 | +1,086% |
| Income taxes | 67/77 | €102 | €2,669 | +€2,567 | +2,523% |
| Profit (loss) for the period | 9904 | €305 | €2,157 | +€1,852 | +607% |
| Profit (loss) for the period to be appropriated | 9905 | €305 | €2,157 | +€1,852 | +607% |
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 20 October 2026 via checked.be.