EDML: 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.
EDML
Largest movements
- Tangible fixed assets +€187,183
up €187,183 (+128%), from €146,356 to €333,539
of which Other tangible fixed assets: +€176,160
- Cash -€94,829
down €94,829 (-57.5%), from €164,798 to €69,968
mainly Investment in fixed assets (net) (-€232,591) and Current investments (-€45,509)
- Current investments +€45,509
up €45,509 (+16.1%), from €282,655 to €328,164
- Financial fixed assets +€29,696
up €29,696 (+6.3%), from €471,702 to €501,399
- Profit (loss) carried forward +€167,948
up €167,948 (+58.6%), from €286,566 to €454,514
- Accrued charges and deferred income +€15,201
up €15,201 (+1,520%), from €1,000 to €16,201
- Trade debts -€14,049
down €14,049 (-30.2%), from €46,555 to €32,506
- Debts after one year +€13,244
up €13,244 (+3.1%), from €425,786 to €439,029
of which Financial debts: +€74,353
- Gross operating margin +€65,633
up €65,633 (+47.1%), from €139,350 to €204,983
- Financial income +€5,508
up €5,508 (+19.5%), from €28,222 to €33,730
- Taxes -€3,322
down €3,322 (-10.2%), from €32,505 to €29,183
- Financial charges +€2,492
up €2,492 (+12.4%), from €20,022 to €22,514
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.
Derived cash bridge
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 | €1,130,786 | €1,310,709 | +€179,924 | +15.9% |
| Fixed assets | 21/28 | €618,059 | €834,938 | +€216,879 | +35.1% |
| Tangible fixed assets | 22/27 | €146,356 | €333,539 | +€187,183 | +128% |
| Furniture and vehicles | 24 | €52,422 | €998 | -€51,424 | -98.1% |
| Other tangible fixed assets | 26 | - | €176,160 | +€176,160 | |
| Assets under construction and advance payments | 27 | €93,934 | €156,381 | +€62,447 | +66.5% |
| Financial fixed assets | 28 | €471,702 | €501,399 | +€29,696 | +6.3% |
| Current assets | 29/58 | €512,727 | €475,772 | -€36,955 | -7.2% |
| Amounts receivable within one year | 40/41 | €65,208 | €75,152 | +€9,944 | +15.2% |
| Trade receivables | 40 | €25,811 | €66,614 | +€40,803 | +158% |
| Other amounts receivable | 41 | €39,397 | €8,538 | -€30,859 | -78.3% |
| Current investments | 50/53 | €282,655 | €328,164 | +€45,509 | +16.1% |
| Cash at bank and in hand | 54/58 | €164,798 | €69,968 | -€94,829 | -57.5% |
| Deferred charges and accrued income | 490/1 | €66 | €2,488 | +€2,422 | +3,671% |
| Total equity and liabilities | 10/49 | €1,130,786 | €1,310,709 | +€179,924 | +15.9% |
| Equity | 10/15 | €630,323 | €798,271 | +€167,948 | +26.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €323,297 | €323,297 | = | 0.0% |
| Distributable reserves | 133 | €323,297 | €323,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,566 | €454,514 | +€167,948 | +58.6% |
| Amounts payable | 17/49 | €500,463 | €512,438 | +€11,976 | +2.4% |
| Amounts payable after more than one year | 17 | €425,786 | €439,029 | +€13,244 | +3.1% |
| Financial debts | 170/4 | €36,495 | €110,848 | +€74,353 | +204% |
| Other amounts payable | 178/9 | €389,291 | €328,182 | -€61,109 | -15.7% |
| Amounts payable within one year | 42/48 | €73,677 | €57,208 | -€16,469 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €10,786 | - | -€10,786 | |
| Trade debts | 44 | €46,555 | €32,506 | -€14,049 | -30.2% |
| Suppliers | 440/4 | €46,555 | €32,506 | -€14,049 | -30.2% |
| Taxes, remuneration and social security | 45 | €2,662 | €6,173 | +€3,511 | +132% |
| Taxes | 450/3 | €2,662 | €6,173 | +€3,511 | +132% |
| Other amounts payable | 47/48 | €13,674 | €18,529 | +€4,855 | +35.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €16,201 | +€15,201 | +1,520% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,099 | €15,713 | +€614 | +4.1% |
| Other operating charges | 640/8 | €3,396 | €3,356 | -€40 | -1.2% |
| Gross operating margin | 9900 | €139,350 | €204,983 | +€65,633 | +47.1% |
| Operating profit (loss) | 9901 | €120,856 | €185,915 | +€65,059 | +53.8% |
| Financial income | 75/76B | €28,222 | €33,730 | +€5,508 | +19.5% |
| Recurring financial income | 75 | €28,222 | €33,730 | +€5,508 | +19.5% |
| Financial charges | 65/66B | €20,022 | €22,514 | +€2,492 | +12.4% |
| Recurring financial charges | 65 | €20,022 | €22,514 | +€2,492 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €129,056 | €197,131 | +€68,075 | +52.7% |
| Income taxes | 67/77 | €32,505 | €29,183 | -€3,322 | -10.2% |
| Profit (loss) for the period | 9904 | €96,551 | €167,948 | +€71,397 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,551 | €167,948 | +€71,397 | +73.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.