EDM: 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.
EDM
Largest movements
- Receivables within one year +€16,876
up €16,876 (+261.0%), from €6,465 to €23,341
of which Trade receivables: +€11,271
- Tangible fixed assets -€12,468
down €12,468 (-58.4%), from €21,360 to €8,892
- Cash +€3,093
up €3,093 (+340.9%), from €908 to €4,001
mainly Depreciation (+€12,468) and Net result for the year (+€9,479)
- Deferred charges and accrued income -€1,851
down €1,851 (-28.6%), from €6,462 to €4,611
- Profit (loss) carried forward +€9,479
up €9,479 (+56.1%), from -€16,881 to -€7,403
- Tax, wage and social debts -€2,262
down €2,262 (-45.2%), from €5,007 to €2,744
- Trade debts -€1,719
down €1,719 (-40.5%), from €4,242 to €2,524
- Taxes -€33,376
down €33,376 (-93.0%), from €35,906 to €2,530
- Gross operating margin +€23,972
up €23,972 (+1388.9%), from €1,726 to €25,698
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 | €35,429 | €41,080 | +€5,651 | +15.9% |
| Fixed assets | 21/28 | €21,595 | €9,127 | -€12,468 | -57.7% |
| Tangible fixed assets | 22/27 | €21,360 | €8,892 | -€12,468 | -58.4% |
| Furniture and vehicles | 24 | €21,360 | €8,892 | -€12,468 | -58.4% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €13,834 | €31,953 | +€18,118 | +131.0% |
| Amounts receivable within one year | 40/41 | €6,465 | €23,341 | +€16,876 | +261.0% |
| Trade receivables | 40 | - | €11,271 | +€11,271 | |
| Other amounts receivable | 41 | €6,465 | €12,070 | +€5,605 | +86.7% |
| Cash at bank and in hand | 54/58 | €908 | €4,001 | +€3,093 | +340.9% |
| Deferred charges and accrued income | 490/1 | €6,462 | €4,611 | -€1,851 | -28.6% |
| Total equity and liabilities | 10/49 | €35,429 | €41,080 | +€5,651 | +15.9% |
| Equity | 10/15 | €26,180 | €35,659 | +€9,479 | +36.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,662 | €30,662 | = | 0.0% |
| Distributable reserves | 133 | €30,662 | €30,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,881 | -€7,403 | +€9,479 | +56.1% |
| Amounts payable | 17/49 | €9,249 | €5,421 | -€3,828 | -41.4% |
| Amounts payable within one year | 42/48 | €9,249 | €5,421 | -€3,828 | -41.4% |
| Financial debts | 43 | - | €153 | +€153 | |
| Credit institutions | 430/8 | - | €153 | +€153 | |
| Trade debts | 44 | €4,242 | €2,524 | -€1,719 | -40.5% |
| Suppliers | 440/4 | €4,242 | €2,524 | -€1,719 | -40.5% |
| Taxes, remuneration and social security | 45 | €5,007 | €2,744 | -€2,262 | -45.2% |
| Taxes | 450/3 | €5,007 | €2,744 | -€2,262 | -45.2% |
| Non-recurring operating income | 76A | €7,926 | €0 | -€7,926 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,478 | €12,468 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,764 | €1,524 | -€241 | -13.6% |
| Gross operating margin | 9900 | €1,726 | €25,698 | +€23,972 | +1388.9% |
| Operating profit (loss) | 9901 | -€12,517 | €11,706 | +€24,223 | |
| Financial income | 75/76B | €315 | €414 | +€99 | +31.3% |
| Recurring financial income | 75 | €315 | €414 | +€99 | +31.3% |
| Financial charges | 65/66B | €219 | €112 | -€107 | -49.0% |
| Recurring financial charges | 65 | €219 | €112 | -€107 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,421 | €12,009 | +€24,429 | |
| Income taxes | 67/77 | €35,906 | €2,530 | -€33,376 | -93.0% |
| Profit (loss) for the period | 9904 | -€48,327 | €9,479 | +€57,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,327 | €9,479 | +€57,806 |
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 9 October 2026 via checked.be.