EDMA: 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.
EDMA
Largest movements
- Receivables after one year +€19,904
up €19,904 (+9.5%), from €209,292 to €229,196
- Stocks and contracts +€11,393
up €11,393 (+26.9%), from €42,350 to €53,744
- Receivables within one year +€6,395
up €6,395 (+31.4%), from €20,365 to €26,760
of which Trade receivables: +€13,577
- Trade debts +€81,495
up €81,495 (+490.8%), from €16,606 to €98,101
- Debts after one year -€46,609
no longer reported in 2025 (was €46,609)
- Gross operating margin +€2,159
up €2,159 (+121.2%), from €1,781 to €3,940
- Financial income -€2,095
down €2,095 (-99.9%), from €2,098 to €3
- Write-downs +€757
new in 2025: €757
- Financial charges -€220
down €220 (-14.3%), from €1,540 to €1,320
- Other operating charges +€204
up €204 (+162.4%), from €126 to €330
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 | €282,825 | €317,220 | +€34,395 | +12.2% |
| Fixed assets | 21/28 | €2,598 | €3,079 | +€481 | +18.5% |
| Tangible fixed assets | 22/27 | €962 | €1,443 | +€481 | +50.0% |
| Furniture and vehicles | 24 | €962 | €1,443 | +€481 | +50.0% |
| Financial fixed assets | 28 | €1,636 | €1,636 | = | 0.0% |
| Current assets | 29/58 | €280,227 | €314,141 | +€33,914 | +12.1% |
| Amounts receivable after more than one year | 29 | €209,292 | €229,196 | +€19,904 | +9.5% |
| Other amounts receivable | 291 | €209,292 | €229,196 | +€19,904 | +9.5% |
| Stocks and contracts in progress | 3 | €42,350 | €53,744 | +€11,393 | +26.9% |
| Stocks | 30/36 | €42,350 | €53,744 | +€11,393 | +26.9% |
| Amounts receivable within one year | 40/41 | €20,365 | €26,760 | +€6,395 | +31.4% |
| Trade receivables | 40 | €7,657 | €21,235 | +€13,577 | +177.3% |
| Other amounts receivable | 41 | €12,708 | €5,526 | -€7,182 | -56.5% |
| Cash at bank and in hand | 54/58 | €6,127 | €4,441 | -€1,686 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,093 | - | -€2,093 | |
| Total equity and liabilities | 10/49 | €282,825 | €317,220 | +€34,395 | +12.2% |
| Equity | 10/15 | €193,580 | €193,915 | +€335 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €131,580 | €131,915 | +€335 | +0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €125,380 | €125,715 | +€335 | +0.3% |
| Amounts payable | 17/49 | €89,244 | €123,305 | +€34,060 | +38.2% |
| Amounts payable after more than one year | 17 | €46,609 | - | -€46,609 | |
| Financial debts | 170/4 | €46,609 | - | -€46,609 | |
| Amounts payable within one year | 42/48 | €42,169 | €123,305 | +€81,136 | +192.4% |
| Current portion of amounts payable after more than one year | 42 | €1,692 | €506 | -€1,186 | -70.1% |
| Trade debts | 44 | €16,606 | €98,101 | +€81,495 | +490.8% |
| Suppliers | 440/4 | €16,606 | €98,101 | +€81,495 | +490.8% |
| Other amounts payable | 47/48 | €23,871 | €24,698 | +€827 | +3.5% |
| Accrued charges and deferred income | 492/3 | €466 | - | -€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €1,089 | -€123 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €757 | +€757 | |
| Other operating charges | 640/8 | €126 | €330 | +€204 | +162.4% |
| Gross operating margin | 9900 | €1,781 | €3,940 | +€2,159 | +121.2% |
| Operating profit (loss) | 9901 | €443 | €1,763 | +€1,321 | +298.4% |
| Financial income | 75/76B | €2,098 | €3 | -€2,095 | -99.9% |
| Recurring financial income | 75 | €2,098 | €3 | -€2,095 | -99.9% |
| Financial charges | 65/66B | €1,540 | €1,320 | -€220 | -14.3% |
| Recurring financial charges | 65 | €1,540 | €1,320 | -€220 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €1,001 | €446 | -€555 | -55.4% |
| Income taxes | 67/77 | €250 | €112 | -€139 | -55.4% |
| Profit (loss) for the period | 9904 | €751 | €335 | -€416 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €751 | €335 | -€416 | -55.4% |
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.