EDM: 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.
EDM
Largest movements
- Tangible fixed assets -€142,168
down €142,168 (-30.5%), from €466,114 to €323,946
of which Land and buildings: -€142,064
- Cash -€9,411
down €9,411 (-8.0%), from €117,672 to €108,261
mainly Net result for the year (-€73,692) and Debts after one year (-€62,042)
- Profit (loss) carried forward -€73,692
down €73,692 (-54.3%), from €135,600 to €61,908
- Debts after one year -€62,042
down €62,042 (-12.8%), from €484,805 to €422,763
- Current portion of long-term debt -€10,830
down €10,830 (-22.3%), from €48,501 to €37,671
- Gross operating margin -€45,242
down €45,242 (-90.4%), from €50,072 to €4,830
- Depreciation -€5,399
down €5,399 (-7.8%), from €69,203 to €63,804
- Other operating charges +€4,316
up €4,316 (+107%), from €4,035 to €8,351
- Financial charges -€703
down €703 (-9.9%), from €7,070 to €6,367
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 | €860,803 | €709,224 | -€151,579 | -17.6% |
| Fixed assets | 21/28 | €716,739 | €574,571 | -€142,168 | -19.8% |
| Tangible fixed assets | 22/27 | €466,114 | €323,946 | -€142,168 | -30.5% |
| Land and buildings | 22 | €466,010 | €323,946 | -€142,064 | -30.5% |
| Furniture and vehicles | 24 | €104 | - | -€104 | |
| Financial fixed assets | 28 | €250,625 | €250,625 | = | 0.0% |
| Current assets | 29/58 | €144,063 | €134,653 | -€9,411 | -6.5% |
| Amounts receivable within one year | 40/41 | €26,391 | €26,391 | = | 0.0% |
| Trade receivables | 40 | €1,590 | €1,590 | = | 0.0% |
| Other amounts receivable | 41 | €24,801 | €24,801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,672 | €108,261 | -€9,411 | -8.0% |
| Total equity and liabilities | 10/49 | €860,803 | €709,224 | -€151,579 | -17.6% |
| Equity | 10/15 | €141,800 | €68,108 | -€73,692 | -52.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,600 | €61,908 | -€73,692 | -54.3% |
| Amounts payable | 17/49 | €719,002 | €641,116 | -€77,886 | -10.8% |
| Amounts payable after more than one year | 17 | €484,805 | €422,763 | -€62,042 | -12.8% |
| Financial debts | 170/4 | €484,805 | €422,763 | -€62,042 | -12.8% |
| Amounts payable within one year | 42/48 | €234,197 | €218,353 | -€15,845 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €48,501 | €37,671 | -€10,830 | -22.3% |
| Trade debts | 44 | €10,310 | €2,058 | -€8,252 | -80.0% |
| Suppliers | 440/4 | €10,310 | €2,058 | -€8,252 | -80.0% |
| Taxes, remuneration and social security | 45 | €83,230 | €83,230 | = | 0.0% |
| Taxes | 450/3 | €55,039 | €55,039 | = | 0.0% |
| Remuneration and social security | 454/9 | €28,191 | €28,191 | = | 0.0% |
| Other amounts payable | 47/48 | €92,157 | €95,395 | +€3,237 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,203 | €63,804 | -€5,399 | -7.8% |
| Other operating charges | 640/8 | €4,035 | €8,351 | +€4,316 | +107% |
| Gross operating margin | 9900 | €50,072 | €4,830 | -€45,242 | -90.4% |
| Operating profit (loss) | 9901 | -€23,166 | -€67,325 | -€44,159 | -191% |
| Financial charges | 65/66B | €7,070 | €6,367 | -€703 | -9.9% |
| Recurring financial charges | 65 | €7,070 | €6,367 | -€703 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,236 | -€73,692 | -€43,456 | -144% |
| Profit (loss) for the period | 9904 | -€30,236 | -€73,692 | -€43,456 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,236 | -€73,692 | -€43,456 | -144% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.