EDMAN: 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.
EDMAN
Largest movements
- Receivables within one year +€22,780
up €22,780 (+89.3%), from €25,506 to €48,286
of which Trade receivables: +€30,817
- Tangible fixed assets -€10,341
down €10,341 (-14.0%), from €73,659 to €63,317
of which Furniture and vehicles: -€6,128
- Cash +€3,309
up €3,309 (+93.7%), from €3,532 to €6,841
mainly Other debts (+€30,924) and Accrued charges and deferred income (+€12,700)
- Other debts +€30,924
up €30,924 (+19.2%), from €161,293 to €192,216
- Profit (loss) carried forward -€30,595
down €30,595 (-14.1%), from -€216,643 to -€247,238
- Accrued charges and deferred income +€12,700
new in 2024: €12,700
- Debts after one year -€7,833
down €7,833 (-5.4%), from €145,042 to €137,208
of which Financial debts: -€7,833
- Current portion of long-term debt +€5,875
up €5,875 (+300.0%), from €1,958 to €7,833
- Gross operating margin +€128,169
up €128,169 (+92.2%), from -€139,046 to -€10,877
- Financial income -€13,675
down €13,675 (-67.8%), from €20,180 to €6,505
of which Financial income: -€20,175
- Depreciation -€4,642
down €4,642 (-29.7%), from €15,609 to €10,967
- Other operating charges +€4,618
up €4,618 (+728.1%), from €634 to €5,252
- Financial charges +€2,976
up €2,976 (+85.1%), from €3,499 to €6,475
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,090 | €125,544 | +€16,454 | +15.1% |
| Fixed assets | 21/28 | €75,658 | €65,316 | -€10,341 | -13.7% |
| Tangible fixed assets | 22/27 | €73,659 | €63,317 | -€10,341 | -14.0% |
| Plant, machinery and equipment | 23 | €63,776 | €59,563 | -€4,213 | -6.6% |
| Furniture and vehicles | 24 | €9,883 | €3,754 | -€6,128 | -62.0% |
| Financial fixed assets | 28 | €1,999 | €1,999 | = | 0.0% |
| Current assets | 29/58 | €33,433 | €60,227 | +€26,795 | +80.1% |
| Amounts receivable within one year | 40/41 | €25,506 | €48,286 | +€22,780 | +89.3% |
| Trade receivables | 40 | €11,848 | €42,665 | +€30,817 | +260.1% |
| Other amounts receivable | 41 | €13,658 | €5,621 | -€8,037 | -58.8% |
| Cash at bank and in hand | 54/58 | €3,532 | €6,841 | +€3,309 | +93.7% |
| Deferred charges and accrued income | 490/1 | €4,395 | €5,100 | +€705 | +16.0% |
| Total equity and liabilities | 10/49 | €109,090 | €125,544 | +€16,454 | +15.1% |
| Equity | 10/15 | -€211,643 | -€242,238 | -€30,595 | -14.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,643 | -€247,238 | -€30,595 | -14.1% |
| Amounts payable | 17/49 | €320,734 | €367,782 | +€47,048 | +14.7% |
| Amounts payable after more than one year | 17 | €145,042 | €137,208 | -€7,833 | -5.4% |
| Financial debts | 170/4 | €45,042 | €37,208 | -€7,833 | -17.4% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,692 | €217,874 | +€42,182 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €1,958 | €7,833 | +€5,875 | +300.0% |
| Trade debts | 44 | €12,179 | €17,276 | +€5,097 | +41.9% |
| Suppliers | 440/4 | €12,179 | €17,276 | +€5,097 | +41.9% |
| Taxes, remuneration and social security | 45 | €262 | €547 | +€286 | +109.0% |
| Taxes | 450/3 | €262 | €547 | +€286 | +109.0% |
| Other amounts payable | 47/48 | €161,293 | €192,216 | +€30,924 | +19.2% |
| Accrued charges and deferred income | 492/3 | - | €12,700 | +€12,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,609 | €10,967 | -€4,642 | -29.7% |
| Other operating charges | 640/8 | €634 | €5,252 | +€4,618 | +728.1% |
| Non-recurring operating charges | 66A | €1,347 | €3,244 | +€1,896 | +140.8% |
| Gross operating margin | 9900 | -€139,046 | -€10,877 | +€128,169 | +92.2% |
| Operating profit (loss) | 9901 | -€156,637 | -€30,339 | +€126,298 | +80.6% |
| Financial income | 75/76B | €20,180 | €6,505 | -€13,675 | -67.8% |
| Recurring financial income | 75 | €20,180 | €5 | -€20,175 | -100.0% |
| Non-recurring financial income | 76B | - | €6,500 | +€6,500 | |
| Financial charges | 65/66B | €3,499 | €6,475 | +€2,976 | +85.1% |
| Recurring financial charges | 65 | €3,499 | €6,475 | +€2,976 | +85.1% |
| Profit (loss) for the period before taxes | 9903 | -€139,956 | -€30,309 | +€109,646 | +78.3% |
| Income taxes | 67/77 | €262 | €286 | +€24 | +9.0% |
| Profit (loss) for the period | 9904 | -€140,218 | -€30,595 | +€109,623 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,218 | -€30,595 | +€109,623 | +78.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.