EDMARCO: 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.
EDMARCO
Largest movements
- Tangible fixed assets +€130,092
up €130,092 (+6.2%), from €2.1m to €2.2m
of which Land and buildings: +€133,382
- Cash +€115,020
up €115,020 (+378.1%), from €30,417 to €145,437
mainly Other debts (+€226,733) and Net result for the year (+€155,291)
- Other debts +€226,733
up €226,733 (+44.7%), from €506,671 to €733,404
- Short-term financial debts +€65,000
new in 2025: €65,000
- Gross operating margin +€152,411
up €152,411 (+51.7%), from €294,658 to €447,069
- Depreciation +€28,782
up €28,782 (+24.2%), from €118,945 to €147,727
- Staff costs +€12,685
up €12,685 (+30.0%), from €42,311 to €54,995
- Taxes +€7,597
up €7,597 (+95.8%), from €7,932 to €15,529
- Financial charges -€5,302
down €5,302 (-8.2%), from €64,766 to €59,463
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 | €3,348,631 | €3,626,384 | +€277,753 | +8.3% |
| Fixed assets | 21/28 | €3,295,170 | €3,425,261 | +€130,092 | +3.9% |
| Tangible fixed assets | 22/27 | €2,095,170 | €2,225,261 | +€130,092 | +6.2% |
| Land and buildings | 22 | €2,052,775 | €2,186,157 | +€133,382 | +6.5% |
| Furniture and vehicles | 24 | €42,395 | €39,104 | -€3,290 | -7.8% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €53,461 | €201,123 | +€147,662 | +276.2% |
| Amounts receivable within one year | 40/41 | €20,750 | €52,835 | +€32,085 | +154.6% |
| Trade receivables | 40 | - | €50,759 | +€50,759 | |
| Other amounts receivable | 41 | €20,750 | €2,077 | -€18,673 | -90.0% |
| Cash at bank and in hand | 54/58 | €30,417 | €145,437 | +€115,020 | +378.1% |
| Deferred charges and accrued income | 490/1 | €2,294 | €2,850 | +€556 | +24.2% |
| Total equity and liabilities | 10/49 | €3,348,631 | €3,626,384 | +€277,753 | +8.3% |
| Equity | 10/15 | €1,068,675 | €1,041,207 | -€27,468 | -2.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €894,741 | €867,273 | -€27,468 | -3.1% |
| Distributable reserves | 133 | €894,741 | €867,273 | -€27,468 | -3.1% |
| Profit (loss) carried forward | 14 | €23,933 | €23,933 | = | 0.0% |
| Amounts payable | 17/49 | €2,279,956 | €2,585,177 | +€305,221 | +13.4% |
| Amounts payable after more than one year | 17 | €1,529,858 | €1,559,079 | +€29,221 | +1.9% |
| Financial debts | 170/4 | €1,529,858 | €1,559,079 | +€29,221 | +1.9% |
| Amounts payable within one year | 42/48 | €750,068 | €1,026,098 | +€276,030 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €162,752 | €170,779 | +€8,026 | +4.9% |
| Financial debts | 43 | - | €65,000 | +€65,000 | |
| Credit institutions | 430/8 | - | €65,000 | +€65,000 | |
| Trade debts | 44 | €47,147 | €13,023 | -€34,124 | -72.4% |
| Suppliers | 440/4 | €47,147 | €13,023 | -€34,124 | -72.4% |
| Taxes, remuneration and social security | 45 | €33,498 | €43,893 | +€10,394 | +31.0% |
| Taxes | 450/3 | €17,366 | €39,997 | +€22,631 | +130.3% |
| Remuneration and social security | 454/9 | €16,132 | €3,896 | -€12,237 | -75.9% |
| Other amounts payable | 47/48 | €506,671 | €733,404 | +€226,733 | +44.7% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Non-recurring operating income | 76A | - | €19,341 | +€19,341 | |
| Remuneration, social security and pensions | 62 | €42,311 | €54,995 | +€12,685 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,945 | €147,727 | +€28,782 | +24.2% |
| Other operating charges | 640/8 | €15,584 | €14,125 | -€1,459 | -9.4% |
| Gross operating margin | 9900 | €294,658 | €447,069 | +€152,411 | +51.7% |
| Operating profit (loss) | 9901 | €117,818 | €230,221 | +€112,403 | +95.4% |
| Financial income | 75/76B | €142 | €63 | -€79 | -55.9% |
| Recurring financial income | 75 | €142 | €63 | -€79 | -55.9% |
| Financial charges | 65/66B | €64,766 | €59,463 | -€5,302 | -8.2% |
| Recurring financial charges | 65 | €64,766 | €59,463 | -€5,302 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €53,194 | €170,820 | +€117,626 | +221.1% |
| Income taxes | 67/77 | €7,932 | €15,529 | +€7,597 | +95.8% |
| Profit (loss) for the period | 9904 | €45,262 | €155,291 | +€110,029 | +243.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,262 | €155,291 | +€110,029 | +243.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.