EDMOND: 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.
EDMOND
Largest movements
- Financial fixed assets -€1.6m
down €1.6m (-99.9%), from €1.6m to €1,895
- Receivables within one year +€220,499
up €220,499 (+47.9%), from €460,393 to €680,892
of which Other amounts receivable: +€204,290
- Tangible fixed assets -€49,157
down €49,157 (-3.1%), from €1.6m to €1.5m
of which Furniture and vehicles: -€60,231
- Deferred charges and accrued income +€40,202
up €40,202 (+287.6%), from €13,976 to €54,178
- Other debts -€1.1m
down €1.1m (-95.8%), from €1.2m to €50,037
- Contributions -€397,598
down €397,598 (-63.5%), from €626,240 to €228,642
- Short-term financial debts +€176,238
up €176,238 (+70.5%), from €250,000 to €426,238
- Debts after one year -€137,510
down €137,510 (-19.0%), from €722,158 to €584,648
of which Financial debts: -€137,910
- Trade debts +€113,410
up €113,410 (+82.5%), from €137,504 to €250,914
- Financial income -€699,690
down €699,690 (-99.4%), from €704,060 to €4,370
- Other operating charges +€58,287
up €58,287 (+114.2%), from €51,019 to €109,305
- Gross operating margin -€54,207
down €54,207 (-12.8%), from €423,819 to €369,613
- Depreciation -€29,627
down €29,627 (-17.1%), from €172,845 to €143,218
- Taxes -€25,970
down €25,970 (-72.5%), from €35,808 to €9,837
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 | €3,694,864 | €2,321,316 | -€1.4m | -37.2% |
| Fixed assets | 21/28 | €3,195,562 | €1,534,084 | -€1.7m | -52.0% |
| Intangible fixed assets | 21 | €28,256 | €7,796 | -€20,461 | -72.4% |
| Tangible fixed assets | 22/27 | €1,573,550 | €1,524,393 | -€49,157 | -3.1% |
| Land and buildings | 22 | €1,432,911 | €1,415,829 | -€17,082 | -1.2% |
| Plant, machinery and equipment | 23 | €4,504 | €4,528 | +€24 | +0.5% |
| Furniture and vehicles | 24 | €112,633 | €52,402 | -€60,231 | -53.5% |
| Leasing and similar rights | 25 | €23,502 | €17,702 | -€5,800 | -24.7% |
| Other tangible fixed assets | 26 | - | €33,933 | +€33,933 | |
| Financial fixed assets | 28 | €1,593,756 | €1,895 | -€1.6m | -99.9% |
| Current assets | 29/58 | €499,301 | €787,232 | +€287,931 | +57.7% |
| Amounts receivable within one year | 40/41 | €460,393 | €680,892 | +€220,499 | +47.9% |
| Trade receivables | 40 | €24,163 | €40,372 | +€16,209 | +67.1% |
| Other amounts receivable | 41 | €436,230 | €640,520 | +€204,290 | +46.8% |
| Current investments | 50/53 | €16 | €0 | -€16 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,916 | €52,162 | +€27,246 | +109.4% |
| Deferred charges and accrued income | 490/1 | €13,976 | €54,178 | +€40,202 | +287.6% |
| Total equity and liabilities | 10/49 | €3,694,864 | €2,321,316 | -€1.4m | -37.2% |
| Equity | 10/15 | €1,181,486 | €810,448 | -€371,038 | -31.4% |
| Contributions | 10/11 | €626,240 | €228,642 | -€397,598 | -63.5% |
| Capital | 10 | €626,240 | €228,642 | -€397,598 | -63.5% |
| Issued capital | 100 | €626,240 | €228,642 | -€397,598 | -63.5% |
| Reserves | 13 | €75,626 | €75,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,624 | €62,624 | = | 0.0% |
| Legal reserve | 130 | €62,624 | €62,624 | = | 0.0% |
| Distributable reserves | 133 | €13,002 | €13,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458,093 | €486,927 | +€28,833 | +6.3% |
| Investment grants | 15 | €21,527 | €19,254 | -€2,273 | -10.6% |
| Provisions and deferred taxes | 16 | €1,964 | €1,807 | -€157 | -8.0% |
| Deferred taxes | 168 | €1,964 | €1,807 | -€157 | -8.0% |
| Amounts payable | 17/49 | €2,511,414 | €1,509,060 | -€1.0m | -39.9% |
| Amounts payable after more than one year | 17 | €722,158 | €584,648 | -€137,510 | -19.0% |
| Financial debts | 170/4 | €720,658 | €582,748 | -€137,910 | -19.1% |
| Other amounts payable | 178/9 | €1,500 | €1,900 | +€400 | +26.7% |
| Amounts payable within one year | 42/48 | €1,780,034 | €917,597 | -€862,437 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €190,347 | €184,833 | -€5,514 | -2.9% |
| Financial debts | 43 | €250,000 | €426,238 | +€176,238 | +70.5% |
| Credit institutions | 430/8 | €250,000 | €426,238 | +€176,238 | +70.5% |
| Trade debts | 44 | €137,504 | €250,914 | +€113,410 | +82.5% |
| Suppliers | 440/4 | €137,504 | €250,914 | +€113,410 | +82.5% |
| Advances received on contracts in progress | 46 | €350 | €370 | +€20 | +5.7% |
| Taxes, remuneration and social security | 45 | €7,569 | €5,205 | -€2,364 | -31.2% |
| Taxes | 450/3 | €4,873 | €319 | -€4,554 | -93.4% |
| Remuneration and social security | 454/9 | €2,696 | €4,886 | +€2,190 | +81.2% |
| Other amounts payable | 47/48 | €1,194,263 | €50,037 | -€1.1m | -95.8% |
| Accrued charges and deferred income | 492/3 | €9,222 | €6,815 | -€2,407 | -26.1% |
| Remuneration, social security and pensions | 62 | €31,866 | €40,883 | +€9,017 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,845 | €143,218 | -€29,627 | -17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,800 | €0 | +€1,800 | |
| Other operating charges | 640/8 | €51,019 | €109,305 | +€58,287 | +114.2% |
| Gross operating margin | 9900 | €423,819 | €369,613 | -€54,207 | -12.8% |
| Operating profit (loss) | 9901 | €169,889 | €76,206 | -€93,683 | -55.1% |
| Financial income | 75/76B | €704,060 | €4,370 | -€699,690 | -99.4% |
| Recurring financial income | 75 | €704,060 | €4,370 | -€699,690 | -99.4% |
| Financial charges | 65/66B | €32,279 | €42,063 | +€9,784 | +30.3% |
| Recurring financial charges | 65 | €32,279 | €42,063 | +€9,784 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €841,670 | €38,513 | -€803,156 | -95.4% |
| Transfer from deferred taxes | 780 | €171 | €157 | -€14 | -8.0% |
| Income taxes | 67/77 | €35,808 | €9,837 | -€25,970 | -72.5% |
| Profit (loss) for the period | 9904 | €806,033 | €28,833 | -€777,200 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €806,033 | €28,833 | -€777,200 | -96.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.