EDORTA: 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.
EDORTA
Largest movements
- Tangible fixed assets -€39,163
down €39,163 (-77.0%), from €50,841 to €11,678
of which Plant, machinery and equipment: -€40,274
- Current investments -€26,015
down €26,015 (-12.1%), from €214,993 to €188,979
- Reserves -€56,204
down €56,204 (-5.9%), from €953,111 to €896,906
of which Distributable reserves: -€56,204
- Tax, wage and social debts -€18,577
down €18,577 (-100.0%), from €18,577 to €0
- Gross operating margin -€105,422
down €105,422 (-44.2%), from €238,314 to €132,893
- Taxes -€49,078
down €49,078 (-66.1%), from €74,228 to €25,149
- Depreciation +€26,672
up €26,672 (+145.2%), from €18,370 to €45,041
- Financial income -€21,383
down €21,383 (-82.3%), from €25,992 to €4,609
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 | €990,583 | €918,665 | -€71,918 | -7.3% |
| Fixed assets | 21/28 | €54,845 | €12,833 | -€42,011 | -76.6% |
| Intangible fixed assets | 21 | €2,848 | €0 | -€2,848 | -100.0% |
| Tangible fixed assets | 22/27 | €50,841 | €11,678 | -€39,163 | -77.0% |
| Plant, machinery and equipment | 23 | €42,250 | €1,976 | -€40,274 | -95.3% |
| Furniture and vehicles | 24 | €965 | €3,315 | +€2,350 | +243.5% |
| Other tangible fixed assets | 26 | €7,626 | €6,387 | -€1,239 | -16.2% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €935,738 | €905,832 | -€29,906 | -3.2% |
| Amounts receivable within one year | 40/41 | €9,977 | €6,615 | -€3,362 | -33.7% |
| Trade receivables | 40 | €0 | €536 | +€536 | |
| Other amounts receivable | 41 | €9,977 | €6,078 | -€3,898 | -39.1% |
| Current investments | 50/53 | €214,993 | €188,979 | -€26,015 | -12.1% |
| Cash at bank and in hand | 54/58 | €710,236 | €710,239 | +€3 | 0.0% |
| Deferred charges and accrued income | 490/1 | €532 | €0 | -€532 | -100.0% |
| Total equity and liabilities | 10/49 | €990,583 | €918,665 | -€71,918 | -7.3% |
| Equity | 10/15 | €971,711 | €915,506 | -€56,204 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €953,111 | €896,906 | -€56,204 | -5.9% |
| Non-distributable reserves | 130/1 | €39,142 | €39,142 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,142 | €39,142 | = | 0.0% |
| Distributable reserves | 133 | €913,968 | €857,764 | -€56,204 | -6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,872 | €3,159 | -€15,713 | -83.3% |
| Amounts payable within one year | 42/48 | €18,872 | €3,159 | -€15,713 | -83.3% |
| Trade debts | 44 | €295 | €893 | +€598 | +202.8% |
| Suppliers | 440/4 | €295 | €893 | +€598 | +202.8% |
| Taxes, remuneration and social security | 45 | €18,577 | €0 | -€18,577 | -100.0% |
| Taxes | 450/3 | €18,577 | €0 | -€18,577 | -100.0% |
| Other amounts payable | 47/48 | - | €2,266 | +€2,266 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,370 | €45,041 | +€26,672 | +145.2% |
| Other operating charges | 640/8 | €1,923 | €2,339 | +€416 | +21.6% |
| Gross operating margin | 9900 | €238,314 | €132,893 | -€105,422 | -44.2% |
| Operating profit (loss) | 9901 | €218,022 | €85,513 | -€132,509 | -60.8% |
| Financial income | 75/76B | €25,992 | €4,609 | -€21,383 | -82.3% |
| Recurring financial income | 75 | €25,992 | €4,609 | -€21,383 | -82.3% |
| Financial charges | 65/66B | €378 | €144 | -€234 | -61.9% |
| Recurring financial charges | 65 | €378 | €144 | -€234 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €243,635 | €89,977 | -€153,658 | -63.1% |
| Income taxes | 67/77 | €74,228 | €25,149 | -€49,078 | -66.1% |
| Profit (loss) for the period | 9904 | €169,407 | €64,828 | -€104,579 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €169,407 | €64,828 | -€104,579 | -61.7% |
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.