EDO 2: 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.
EDO 2
Largest movements
- Receivables within one year +€103,341
up €103,341 (+201.0%), from €51,422 to €154,763
of which Trade receivables: +€92,965
- Intangible fixed assets +€82,834
new in 2025: €82,834
- Cash -€67,938
down €67,938 (-67.2%), from €101,119 to €33,181
mainly Receivables within one year (-€103,341) and Investment in fixed assets (net) (-€85,000)
- Tangible fixed assets -€8,192
down €8,192 (-32.1%), from €25,512 to €17,320
of which Furniture and vehicles: -€7,912
- Trade debts +€109,335
up €109,335 (+816.1%), from €13,398 to €122,733
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Tax, wage and social debts -€10,661
down €10,661 (-67.8%), from €15,721 to €5,060
of which Taxes: -€10,583
- Profit (loss) carried forward +€6,121
up €6,121 (+5.2%), from €116,775 to €122,896
- Debts after one year -€5,424
down €5,424 (-24.1%), from €22,483 to €17,059
- Gross operating margin -€6,510
down €6,510 (-25.4%), from €25,629 to €19,119
- Taxes -€1,912
down €1,912 (-46.2%), from €4,140 to €2,228
- Staff costs -€1,110
no longer reported in 2025 (was €1,110)
- Financial income +€1,109
new in 2025: €1,109
- Financial charges +€479
up €479, from -€98 to €382
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 | €180,155 | €291,526 | +€111,371 | +61.8% |
| Fixed assets | 21/28 | €25,512 | €100,154 | +€74,642 | +292.6% |
| Intangible fixed assets | 21 | - | €82,834 | +€82,834 | |
| Tangible fixed assets | 22/27 | €25,512 | €17,320 | -€8,192 | -32.1% |
| Furniture and vehicles | 24 | €25,029 | €17,117 | -€7,912 | -31.6% |
| Other tangible fixed assets | 26 | €482 | €202 | -€280 | -58.1% |
| Current assets | 29/58 | €154,643 | €191,372 | +€36,729 | +23.8% |
| Stocks and contracts in progress | 3 | €1,347 | €2,672 | +€1,325 | +98.4% |
| Stocks | 30/36 | €1,347 | €2,672 | +€1,325 | +98.4% |
| Amounts receivable within one year | 40/41 | €51,422 | €154,763 | +€103,341 | +201.0% |
| Trade receivables | 40 | €34,864 | €127,829 | +€92,965 | +266.6% |
| Other amounts receivable | 41 | €16,558 | €26,934 | +€10,376 | +62.7% |
| Cash at bank and in hand | 54/58 | €101,119 | €33,181 | -€67,938 | -67.2% |
| Deferred charges and accrued income | 490/1 | €756 | €756 | = | 0.0% |
| Total equity and liabilities | 10/49 | €180,155 | €291,526 | +€111,371 | +61.8% |
| Equity | 10/15 | €122,975 | €129,096 | +€6,121 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,775 | €122,896 | +€6,121 | +5.2% |
| Amounts payable | 17/49 | €57,180 | €162,430 | +€105,250 | +184.1% |
| Amounts payable after more than one year | 17 | €22,483 | €17,059 | -€5,424 | -24.1% |
| Financial debts | 170/4 | €22,483 | €17,059 | -€5,424 | -24.1% |
| Amounts payable within one year | 42/48 | €34,697 | €133,371 | +€98,674 | +284.4% |
| Current portion of amounts payable after more than one year | 42 | €5,578 | €5,578 | = | 0.0% |
| Trade debts | 44 | €13,398 | €122,733 | +€109,335 | +816.1% |
| Suppliers | 440/4 | €13,398 | €122,733 | +€109,335 | +816.1% |
| Taxes, remuneration and social security | 45 | €15,721 | €5,060 | -€10,661 | -67.8% |
| Taxes | 450/3 | €15,530 | €4,947 | -€10,583 | -68.1% |
| Remuneration and social security | 454/9 | €191 | €113 | -€79 | -41.1% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €1,110 | - | -€1,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €10,358 | -€376 | -3.5% |
| Other operating charges | 640/8 | €1,457 | €1,139 | -€318 | -21.8% |
| Gross operating margin | 9900 | €25,629 | €19,119 | -€6,510 | -25.4% |
| Operating profit (loss) | 9901 | €12,328 | €7,622 | -€4,706 | -38.2% |
| Financial income | 75/76B | - | €1,109 | +€1,109 | |
| Recurring financial income | 75 | - | €1,109 | +€1,109 | |
| Financial charges | 65/66B | -€98 | €382 | +€479 | |
| Recurring financial charges | 65 | -€98 | €382 | +€479 | |
| Profit (loss) for the period before taxes | 9903 | €12,426 | €8,349 | -€4,077 | -32.8% |
| Income taxes | 67/77 | €4,140 | €2,228 | -€1,912 | -46.2% |
| Profit (loss) for the period | 9904 | €8,285 | €6,121 | -€2,164 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,285 | €6,121 | -€2,164 | -26.1% |
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 5 October 2026 via checked.be.