EDOC: 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.
EDOC
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€26,721
down €26,721 (-5.6%), from €477,221 to €450,500
of which Plant, machinery and equipment: -€18,142
- Cash -€22,471
down €22,471 (-17.9%), from €125,828 to €103,357
mainly Current investments (-€50,000) and Contributions, distributions and other (-€19,407)
- Reserves +€28,192
up €28,192 (+22.0%), from €128,235 to €156,427
of which Distributable reserves: +€28,192
- Debts after one year -€11,937
down €11,937 (-3.4%), from €352,978 to €341,041
- Tax, wage and social debts -€10,446
down €10,446 (-30.5%), from €34,233 to €23,787
of which Remuneration and social security: -€5,460
- Gross operating margin +€14,174
up €14,174 (+8.0%), from €177,684 to €191,858
- Staff costs +€12,456
up €12,456 (+22.3%), from €55,778 to €68,234
- Depreciation +€3,755
up €3,755 (+9.1%), from €41,126 to €44,881
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 | €613,014 | €609,439 | -€3,575 | -0.6% |
| Fixed assets | 21/28 | €477,246 | €450,525 | -€26,721 | -5.6% |
| Tangible fixed assets | 22/27 | €477,221 | €450,500 | -€26,721 | -5.6% |
| Land and buildings | 22 | €132,070 | €124,080 | -€7,990 | -6.0% |
| Plant, machinery and equipment | 23 | €313,247 | €295,105 | -€18,142 | -5.8% |
| Furniture and vehicles | 24 | €31,904 | €31,315 | -€589 | -1.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €135,768 | €158,914 | +€23,146 | +17.0% |
| Amounts receivable within one year | 40/41 | €5,980 | - | -€5,980 | |
| Trade receivables | 40 | €5,980 | - | -€5,980 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €125,828 | €103,357 | -€22,471 | -17.9% |
| Deferred charges and accrued income | 490/1 | €3,960 | €5,557 | +€1,597 | +40.3% |
| Total equity and liabilities | 10/49 | €613,014 | €609,439 | -€3,575 | -0.6% |
| Equity | 10/15 | €156,548 | €184,740 | +€28,192 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,235 | €156,427 | +€28,192 | +22.0% |
| Tax-exempt reserves | 132 | €8,985 | €8,985 | = | 0.0% |
| Distributable reserves | 133 | €119,250 | €147,442 | +€28,192 | +23.6% |
| Profit (loss) carried forward | 14 | €9,713 | €9,713 | = | 0.0% |
| Amounts payable | 17/49 | €456,466 | €424,699 | -€31,767 | -7.0% |
| Amounts payable after more than one year | 17 | €352,978 | €341,041 | -€11,937 | -3.4% |
| Financial debts | 170/4 | €352,978 | €341,041 | -€11,937 | -3.4% |
| Amounts payable within one year | 42/48 | €99,484 | €83,658 | -€15,826 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €30,591 | €29,112 | -€1,479 | -4.8% |
| Trade debts | 44 | €3,575 | €5,019 | +€1,444 | +40.4% |
| Suppliers | 440/4 | €3,575 | €5,019 | +€1,444 | +40.4% |
| Taxes, remuneration and social security | 45 | €34,233 | €23,787 | -€10,446 | -30.5% |
| Taxes | 450/3 | €21,097 | €16,111 | -€4,986 | -23.6% |
| Remuneration and social security | 454/9 | €13,136 | €7,676 | -€5,460 | -41.6% |
| Other amounts payable | 47/48 | €31,085 | €25,740 | -€5,345 | -17.2% |
| Accrued charges and deferred income | 492/3 | €4,004 | - | -€4,004 | |
| Remuneration, social security and pensions | 62 | €55,778 | €68,234 | +€12,456 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,126 | €44,881 | +€3,755 | +9.1% |
| Other operating charges | 640/8 | €2,107 | €2,186 | +€79 | +3.7% |
| Gross operating margin | 9900 | €177,684 | €191,858 | +€14,174 | +8.0% |
| Operating profit (loss) | 9901 | €78,673 | €76,557 | -€2,116 | -2.7% |
| Financial income | 75/76B | €1,325 | €1,140 | -€185 | -14.0% |
| Recurring financial income | 75 | €1,325 | €1,140 | -€185 | -14.0% |
| Financial charges | 65/66B | €10,078 | €9,666 | -€412 | -4.1% |
| Recurring financial charges | 65 | €10,078 | €9,666 | -€412 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €69,920 | €68,031 | -€1,889 | -2.7% |
| Income taxes | 67/77 | €21,495 | €20,432 | -€1,063 | -4.9% |
| Profit (loss) for the period | 9904 | €48,425 | €47,599 | -€826 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,425 | €47,599 | -€826 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.