EDOS-ESPINOSA: 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.
EDOS-ESPINOSA
Largest movements
- Receivables within one year -€51,106
down €51,106 (-38.5%), from €132,697 to €81,592
of which Trade receivables: -€51,361
- Stocks and contracts +€8,731
up €8,731 (+346%), from €2,525 to €11,257
- Tangible fixed assets -€8,575
down €8,575 (-16.2%), from €52,778 to €44,202
of which Plant, machinery and equipment: -€12,633
- Deferred charges and accrued income -€3,535
down €3,535 (-38.0%), from €9,304 to €5,769
- Short-term financial debts -€40,252
no longer reported in 2025 (was €40,252)
- Trade debts -€16,255
down €16,255 (-43.3%), from €37,524 to €21,269
- Debts after one year -€8,043
down €8,043 (-33.9%), from €23,702 to €15,659
- Tax, wage and social debts +€7,156
up €7,156 (+24.7%), from €28,924 to €36,080
of which Remuneration and social security: +€7,453
- Profit (loss) carried forward +€6,032
up €6,032 (+13.2%), from €45,743 to €51,775
- Staff costs +€119,815
up €119,815 (+39.2%), from €305,917 to €425,732
- Gross operating margin +€65,048
up €65,048 (+16.2%), from €400,760 to €465,808
- Taxes -€15,162
down €15,162 (-80.3%), from €18,892 to €3,730
- Financial income +€11,547
up €11,547 (+3,892%), from €297 to €11,844
- Other operating charges +€8,694
up €8,694 (+322%), from €2,699 to €11,393
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 | €208,563 | €155,146 | -€53,417 | -25.6% |
| Fixed assets | 21/28 | €54,133 | €45,557 | -€8,575 | -15.8% |
| Tangible fixed assets | 22/27 | €52,778 | €44,202 | -€8,575 | -16.2% |
| Plant, machinery and equipment | 23 | €52,424 | €39,791 | -€12,633 | -24.1% |
| Furniture and vehicles | 24 | €353 | €4,411 | +€4,058 | +1,148% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,355 | €1,355 | = | 0.0% |
| Current assets | 29/58 | €154,430 | €109,588 | -€44,841 | -29.0% |
| Stocks and contracts in progress | 3 | €2,525 | €11,257 | +€8,731 | +346% |
| Stocks | 30/36 | €2,525 | €11,257 | +€8,731 | +346% |
| Amounts receivable within one year | 40/41 | €132,697 | €81,592 | -€51,106 | -38.5% |
| Trade receivables | 40 | €132,697 | €81,337 | -€51,361 | -38.7% |
| Other amounts receivable | 41 | €0 | €255 | +€255 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,903 | €10,971 | +€1,068 | +10.8% |
| Deferred charges and accrued income | 490/1 | €9,304 | €5,769 | -€3,535 | -38.0% |
| Total equity and liabilities | 10/49 | €208,563 | €155,146 | -€53,417 | -25.6% |
| Equity | 10/15 | €67,743 | €73,775 | +€6,032 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,743 | €51,775 | +€6,032 | +13.2% |
| Amounts payable | 17/49 | €140,819 | €81,371 | -€59,449 | -42.2% |
| Amounts payable after more than one year | 17 | €23,702 | €15,659 | -€8,043 | -33.9% |
| Financial debts | 170/4 | €23,702 | €15,659 | -€8,043 | -33.9% |
| Amounts payable within one year | 42/48 | €117,117 | €65,712 | -€51,406 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €9,290 | €8,043 | -€1,247 | -13.4% |
| Financial debts | 43 | €40,252 | - | -€40,252 | |
| Credit institutions | 430/8 | €40,252 | - | -€40,252 | |
| Trade debts | 44 | €37,524 | €21,269 | -€16,255 | -43.3% |
| Suppliers | 440/4 | €37,524 | €21,269 | -€16,255 | -43.3% |
| Taxes, remuneration and social security | 45 | €28,924 | €36,080 | +€7,156 | +24.7% |
| Taxes | 450/3 | €5,376 | €5,079 | -€297 | -5.5% |
| Remuneration and social security | 454/9 | €23,549 | €31,001 | +€7,453 | +31.6% |
| Other amounts payable | 47/48 | €1,127 | €320 | -€807 | -71.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €305,917 | €425,732 | +€119,815 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,168 | €26,192 | +€5,024 | +23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €394 | +€394 | |
| Other operating charges | 640/8 | €2,699 | €11,393 | +€8,694 | +322% |
| Gross operating margin | 9900 | €400,760 | €465,808 | +€65,048 | +16.2% |
| Operating profit (loss) | 9901 | €70,976 | €2,097 | -€68,879 | -97.0% |
| Financial income | 75/76B | €297 | €11,844 | +€11,547 | +3,892% |
| Recurring financial income | 75 | €297 | €11,844 | +€11,547 | +3,892% |
| Financial charges | 65/66B | €3,552 | €4,180 | +€628 | +17.7% |
| Recurring financial charges | 65 | €3,552 | €4,180 | +€628 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €67,721 | €9,762 | -€57,959 | -85.6% |
| Income taxes | 67/77 | €18,892 | €3,730 | -€15,162 | -80.3% |
| Profit (loss) for the period | 9904 | €48,829 | €6,032 | -€42,797 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,829 | €6,032 | -€42,797 | -87.6% |
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 23 October 2026 via checked.be.