EDN Group: 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.
EDN Group
Largest movements
- Tangible fixed assets +€693,240
up €693,240 (+440.9%), from €157,228 to €850,468
of which Land and buildings: +€579,318
- Stocks and contracts +€52,751
up €52,751 (+68.0%), from €77,572 to €130,323
- Receivables within one year +€31,347
up €31,347 (+38.6%), from €81,226 to €112,573
of which Trade receivables: +€30,588
- Deferred charges and accrued income +€12,991
up €12,991 (+62.0%), from €20,948 to €33,939
- Debts after one year +€618,658
up €618,658 (+3357.9%), from €18,424 to €637,082
- Other debts +€78,405
up €78,405 (+38.5%), from €203,854 to €282,259
- Current portion of long-term debt +€47,668
up €47,668 (+452.0%), from €10,547 to €58,215
- Tax, wage and social debts +€46,687
up €46,687 (+75.6%), from €61,776 to €108,463
of which Remuneration and social security: +€44,657
- Trade debts -€26,793
down €26,793 (-42.0%), from €63,849 to €37,056
- Turnover +€403,008
up €403,008 (+47.8%), from €843,886 to €1.2m
- Gross operating margin +€315,428
up €315,428 (+93.4%), from €337,545 to €652,973
- Staff costs +€242,181
up €242,181 (+93.9%), from €257,938 to €500,119
- Purchases and services +€96,138
up €96,138 (+17.4%), from €552,144 to €648,282
- Depreciation +€33,788
up €33,788 (+53.7%), from €62,896 to €96,684
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 | €374,556 | €1,168,209 | +€793,653 | +211.9% |
| Formation expenses | 20 | €754 | €580 | -€174 | -23.1% |
| Fixed assets | 21/28 | €161,956 | €851,426 | +€689,470 | +425.7% |
| Intangible fixed assets | 21 | €846 | €627 | -€219 | -25.9% |
| Tangible fixed assets | 22/27 | €157,228 | €850,468 | +€693,240 | +440.9% |
| Land and buildings | 22 | - | €579,318 | +€579,318 | |
| Plant, machinery and equipment | 23 | €8,181 | €6,308 | -€1,873 | -22.9% |
| Furniture and vehicles | 24 | €121,804 | €138,030 | +€16,226 | +13.3% |
| Other tangible fixed assets | 26 | €27,243 | €126,812 | +€99,569 | +365.5% |
| Financial fixed assets | 28 | €3,882 | €331 | -€3,551 | -91.5% |
| Current assets | 29/58 | €211,846 | €316,203 | +€104,357 | +49.3% |
| Stocks and contracts in progress | 3 | €77,572 | €130,323 | +€52,751 | +68.0% |
| Stocks | 30/36 | €77,572 | €130,323 | +€52,751 | +68.0% |
| Amounts receivable within one year | 40/41 | €81,226 | €112,573 | +€31,347 | +38.6% |
| Trade receivables | 40 | €78,831 | €109,419 | +€30,588 | +38.8% |
| Other amounts receivable | 41 | €2,395 | €3,154 | +€759 | +31.7% |
| Cash at bank and in hand | 54/58 | €32,100 | €39,368 | +€7,268 | +22.6% |
| Deferred charges and accrued income | 490/1 | €20,948 | €33,939 | +€12,991 | +62.0% |
| Total equity and liabilities | 10/49 | €374,556 | €1,168,209 | +€793,653 | +211.9% |
| Equity | 10/15 | €12,765 | €21,332 | +€8,567 | +67.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €185 | €185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €185 | €185 | = | 0.0% |
| Reserves not available under the articles | 1311 | €185 | €185 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,580 | €15,147 | +€8,567 | +130.2% |
| Provisions and deferred taxes | 16 | - | €14,158 | +€14,158 | |
| Provisions for liabilities and charges | 160/5 | - | €14,158 | +€14,158 | |
| Other liabilities and charges | 164/5 | - | €14,158 | +€14,158 | |
| Amounts payable | 17/49 | €361,791 | €1,132,719 | +€770,928 | +213.1% |
| Amounts payable after more than one year | 17 | €18,424 | €637,082 | +€618,658 | +3357.9% |
| Financial debts | 170/4 | €18,424 | €637,082 | +€618,658 | +3357.9% |
| Amounts payable within one year | 42/48 | €340,026 | €485,993 | +€145,967 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €10,547 | €58,215 | +€47,668 | +452.0% |
| Trade debts | 44 | €63,849 | €37,056 | -€26,793 | -42.0% |
| Suppliers | 440/4 | €63,849 | €37,056 | -€26,793 | -42.0% |
| Taxes, remuneration and social security | 45 | €61,776 | €108,463 | +€46,687 | +75.6% |
| Taxes | 450/3 | €20,826 | €22,856 | +€2,030 | +9.7% |
| Remuneration and social security | 454/9 | €40,950 | €85,607 | +€44,657 | +109.1% |
| Other amounts payable | 47/48 | €203,854 | €282,259 | +€78,405 | +38.5% |
| Accrued charges and deferred income | 492/3 | €3,341 | €9,644 | +€6,303 | +188.7% |
| Turnover | 70 | €843,886 | €1,246,894 | +€403,008 | +47.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €552,144 | €648,282 | +€96,138 | +17.4% |
| Remuneration, social security and pensions | 62 | €257,938 | €500,119 | +€242,181 | +93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,896 | €96,684 | +€33,788 | +53.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €14,158 | +€14,158 | |
| Other operating charges | 640/8 | €1,916 | €3,784 | +€1,868 | +97.5% |
| Gross operating margin | 9900 | €337,545 | €652,973 | +€315,428 | +93.4% |
| Operating profit (loss) | 9901 | €14,795 | €38,228 | +€23,433 | +158.4% |
| Financial charges | 65/66B | €12,681 | €27,370 | +€14,689 | +115.8% |
| Recurring financial charges | 65 | €12,681 | €27,370 | +€14,689 | +115.8% |
| Profit (loss) for the period before taxes | 9903 | €2,114 | €10,858 | +€8,744 | +413.6% |
| Income taxes | 67/77 | €605 | €2,291 | +€1,686 | +278.7% |
| Profit (loss) for the period | 9904 | €1,509 | €8,567 | +€7,058 | +467.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,509 | €8,567 | +€7,058 | +467.7% |
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.