EDMAR: 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.
EDMAR
Largest movements
- Tangible fixed assets -€14,926
down €14,926 (-5.9%), from €254,589 to €239,663
of which Land and buildings: -€11,811
- Reserves -€5,587
down €5,587 (-5.4%), from €103,412 to €97,825
of which Tax-exempt reserves: -€5,587
- Profit (loss) carried forward -€4,128
down €4,128 (-7.0%), from -€59,020 to -€63,148
- Other debts -€3,107
down €3,107 (-1.9%), from €162,454 to €159,347
- Gross operating margin -€3,625
down €3,625 (-34.7%), from €10,444 to €6,819
- Other operating charges -€706
down €706 (-16.7%), from €4,232 to €3,526
- Depreciation -€391
down €391 (-2.6%), from €15,317 to €14,926
- Financial income +€316
new in 2025: €316
- Taxes -€205
down €205, from €199 to -€6
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 | €255,813 | €241,384 | -€14,429 | -5.6% |
| Fixed assets | 21/28 | €254,639 | €239,713 | -€14,926 | -5.9% |
| Tangible fixed assets | 22/27 | €254,589 | €239,663 | -€14,926 | -5.9% |
| Land and buildings | 22 | €244,227 | €232,416 | -€11,811 | -4.8% |
| Plant, machinery and equipment | 23 | €8,658 | €6,203 | -€2,455 | -28.4% |
| Furniture and vehicles | 24 | €1,704 | €1,044 | -€660 | -38.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,174 | €1,671 | +€497 | +42.3% |
| Cash at bank and in hand | 54/58 | €643 | €1,365 | +€722 | +112.3% |
| Deferred charges and accrued income | 490/1 | €531 | €306 | -€225 | -42.4% |
| Total equity and liabilities | 10/49 | €255,813 | €241,384 | -€14,429 | -5.6% |
| Equity | 10/15 | €62,992 | €53,277 | -€9,715 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,412 | €97,825 | -€5,587 | -5.4% |
| Tax-exempt reserves | 132 | €101,552 | €95,965 | -€5,587 | -5.5% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,020 | -€63,148 | -€4,128 | -7.0% |
| Provisions and deferred taxes | 16 | €29,851 | €27,989 | -€1,862 | -6.2% |
| Deferred taxes | 168 | €29,851 | €27,989 | -€1,862 | -6.2% |
| Amounts payable | 17/49 | €162,970 | €160,118 | -€2,852 | -1.8% |
| Amounts payable within one year | 42/48 | €162,970 | €160,118 | -€2,852 | -1.8% |
| Trade debts | 44 | €316 | €771 | +€455 | +144.0% |
| Suppliers | 440/4 | €316 | €771 | +€455 | +144.0% |
| Taxes, remuneration and social security | 45 | €200 | - | -€200 | |
| Taxes | 450/3 | €200 | - | -€200 | |
| Other amounts payable | 47/48 | €162,454 | €159,347 | -€3,107 | -1.9% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,317 | €14,926 | -€391 | -2.6% |
| Other operating charges | 640/8 | €4,232 | €3,526 | -€706 | -16.7% |
| Gross operating margin | 9900 | €10,444 | €6,819 | -€3,625 | -34.7% |
| Operating profit (loss) | 9901 | -€9,105 | -€11,633 | -€2,528 | -27.8% |
| Financial income | 75/76B | - | €316 | +€316 | |
| Recurring financial income | 75 | - | €316 | +€316 | |
| Financial charges | 65/66B | €234 | €266 | +€32 | +13.7% |
| Recurring financial charges | 65 | €234 | €266 | +€32 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,339 | -€11,583 | -€2,244 | -24.0% |
| Transfer from deferred taxes | 780 | €1,862 | €1,862 | = | 0.0% |
| Income taxes | 67/77 | €199 | -€6 | -€205 | |
| Profit (loss) for the period | 9904 | -€7,676 | -€9,715 | -€2,039 | -26.6% |
| Transfer from tax-exempt reserves | 789 | €5,587 | €5,587 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,089 | -€4,128 | -€2,039 | -97.6% |
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.