Edmundo: what changed
What changed
Edmundo
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€12,775
2024 · €150,849-€138,074
Equity
€1.0m
2024 · €1.0m+€11,849
Cash
€99,955
2024 · €188,174-€88,219
Balance sheet total
€2.7m
2024 · €2.9m-€256,320
Largest movements
Assets
- Tangible fixed assets -€92,187
down €92,187 (-4.0%), from €2.3m to €2.2m
of which Land and buildings: -€62,243
- Cash -€88,219
down €88,219 (-46.9%), from €188,174 to €99,955
mainly Debts after one year (-€122,606) and Trade debts (-€97,244)
- Receivables within one year -€75,962
down €75,962 (-19.5%), from €389,202 to €313,240
of which Trade receivables: -€123,067
Equity and liabilities
- Debts after one year -€122,606
down €122,606 (-9.4%), from €1.3m to €1.2m
of which Financial debts: -€122,966
- Trade debts -€97,244
down €97,244 (-60.6%), from €160,486 to €63,243
- Other debts -€51,262
down €51,262 (-19.2%), from €266,913 to €215,650
Income statement
- Gross operating margin -€172,928
down €172,928 (-42.3%), from €409,202 to €236,274
- Taxes -€59,812
down €59,812 (-87.9%), from €68,045 to €8,233
- Financial charges +€16,463
up €16,463 (+41.5%), from €39,662 to €56,125
- Financial income -€7,987
down €7,987 (-61.7%), from €12,941 to €4,954
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€150,849
Gross operating margin
-€172,928
Staff costs
-€1,382
Depreciation
-€1,602
Other operating charges
+€2,498
Other operating items
-€22
Financial income
-€7,987
Financial charges
-€16,463
Taxes
+€59,812
Result 2025
€12,775
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,774
Investment
-€9,886
Financing
-€122,107
Cash 2024
€188,174
From operations (derived)
+€43,774
Net result for the year
+€12,775
Depreciation
+€102,073
Receivables within one year
+€75,962
Deferred charges and accrued income
-€48
Trade debts
-€97,244
Tax, wage and social debts
-€7,238
Advances received
+€9,402
Other debts
-€51,262
Accrued charges and deferred income
-€646
Investment (derived)
-€9,886
Investment in fixed assets (net)
-€9,886
Financing
-€122,107
Debts after one year
-€122,606
Current portion of long-term debt
+€1,424
Contributions, distributions and other
-€926
Cash 2025
€99,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,915,976 | €2,659,656 | -€256,320 | -8.8% |
| Fixed assets | 21/28 | €2,333,153 | €2,240,966 | -€92,187 | -4.0% |
| Tangible fixed assets | 22/27 | €2,333,153 | €2,240,966 | -€92,187 | -4.0% |
| Land and buildings | 22 | €2,104,980 | €2,042,737 | -€62,243 | -3.0% |
| Plant, machinery and equipment | 23 | €223,269 | €188,252 | -€35,017 | -15.7% |
| Furniture and vehicles | 24 | €4,904 | €9,976 | +€5,072 | +103% |
| Current assets | 29/58 | €582,823 | €418,691 | -€164,133 | -28.2% |
| Amounts receivable within one year | 40/41 | €389,202 | €313,240 | -€75,962 | -19.5% |
| Trade receivables | 40 | €226,510 | €103,444 | -€123,067 | -54.3% |
| Other amounts receivable | 41 | €162,692 | €209,797 | +€47,105 | +29.0% |
| Cash at bank and in hand | 54/58 | €188,174 | €99,955 | -€88,219 | -46.9% |
| Deferred charges and accrued income | 490/1 | €5,447 | €5,495 | +€48 | +0.9% |
| Total equity and liabilities | 10/49 | €2,915,976 | €2,659,656 | -€256,320 | -8.8% |
| Equity | 10/15 | €1,024,343 | €1,036,193 | +€11,849 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,018,143 | €1,029,993 | +€11,849 | +1.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €999,393 | €1,011,243 | +€11,849 | +1.2% |
| Amounts payable | 17/49 | €1,891,633 | €1,623,463 | -€268,169 | -14.2% |
| Amounts payable after more than one year | 17 | €1,308,838 | €1,186,232 | -€122,606 | -9.4% |
| Financial debts | 170/4 | €1,288,918 | €1,165,952 | -€122,966 | -9.5% |
| Other amounts payable | 178/9 | €19,920 | €20,280 | +€360 | +1.8% |
| Amounts payable within one year | 42/48 | €579,019 | €434,102 | -€144,918 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €121,541 | €122,966 | +€1,424 | +1.2% |
| Trade debts | 44 | €160,486 | €63,243 | -€97,244 | -60.6% |
| Suppliers | 440/4 | €160,486 | €63,243 | -€97,244 | -60.6% |
| Advances received on contracts in progress | 46 | €3,684 | €13,086 | +€9,402 | +255% |
| Taxes, remuneration and social security | 45 | €26,395 | €19,157 | -€7,238 | -27.4% |
| Taxes | 450/3 | €13,701 | €11,394 | -€2,308 | -16.8% |
| Remuneration and social security | 454/9 | €12,694 | €7,763 | -€4,931 | -38.8% |
| Other amounts payable | 47/48 | €266,913 | €215,650 | -€51,262 | -19.2% |
| Accrued charges and deferred income | 492/3 | €3,775 | €3,129 | -€646 | -17.1% |
| Non-recurring operating income | 76A | €4,956 | - | -€4,956 | |
| Remuneration, social security and pensions | 62 | €53,162 | €54,544 | +€1,382 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,471 | €102,073 | +€1,602 | +1.6% |
| Other operating charges | 640/8 | €9,954 | €7,456 | -€2,498 | -25.1% |
| Non-recurring operating charges | 66A | - | €22 | +€22 | |
| Gross operating margin | 9900 | €409,202 | €236,274 | -€172,928 | -42.3% |
| Operating profit (loss) | 9901 | €245,614 | €72,178 | -€173,436 | -70.6% |
| Financial income | 75/76B | €12,941 | €4,954 | -€7,987 | -61.7% |
| Recurring financial income | 75 | €12,941 | €4,954 | -€7,987 | -61.7% |
| Financial charges | 65/66B | €39,662 | €56,125 | +€16,463 | +41.5% |
| Recurring financial charges | 65 | €39,662 | €56,125 | +€16,463 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €218,894 | €21,008 | -€197,886 | -90.4% |
| Income taxes | 67/77 | €68,045 | €8,233 | -€59,812 | -87.9% |
| Profit (loss) for the period | 9904 | €150,849 | €12,775 | -€138,074 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €150,849 | €12,775 | -€138,074 | -91.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.