EDOUARD AV: 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.
EDOUARD AV
Largest movements
- Cash -€14,543
down €14,543 (-23.1%), from €62,829 to €48,286
mainly Contributions, distributions and other (-€30,000) and Other debts (-€29,022)
- Tangible fixed assets -€5,762
down €5,762 (-16.2%), from €35,676 to €29,914
of which Other tangible fixed assets: -€3,400
- Receivables within one year -€3,980
down €3,980 (-16.2%), from €24,550 to €20,570
- Deferred charges and accrued income +€1,281
up €1,281 (+80.7%), from €1,587 to €2,867
- Other debts -€29,022
down €29,022 (-49.3%), from €58,913 to €29,891
- Reserves +€12,000
up €12,000 (+35.3%), from €34,000 to €46,000
- Tax, wage and social debts -€2,562
down €2,562 (-12.2%), from €20,944 to €18,381
- Debts after one year -€2,398
no longer reported in 2025 (was €2,398)
- Depreciation +€1,297
up €1,297 (+29.0%), from €4,465 to €5,762
- Taxes -€897
down €897 (-7.3%), from €12,287 to €11,390
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 | €125,391 | €101,637 | -€23,754 | -18.9% |
| Fixed assets | 21/28 | €35,676 | €29,914 | -€5,762 | -16.2% |
| Tangible fixed assets | 22/27 | €35,676 | €29,914 | -€5,762 | -16.2% |
| Furniture and vehicles | 24 | €8,654 | €6,293 | -€2,362 | -27.3% |
| Other tangible fixed assets | 26 | €27,022 | €23,621 | -€3,400 | -12.6% |
| Current assets | 29/58 | €89,715 | €71,723 | -€17,992 | -20.1% |
| Stocks and contracts in progress | 3 | €748 | - | -€748 | |
| Stocks | 30/36 | €748 | - | -€748 | |
| Amounts receivable within one year | 40/41 | €24,550 | €20,570 | -€3,980 | -16.2% |
| Trade receivables | 40 | €24,550 | €20,570 | -€3,980 | -16.2% |
| Cash at bank and in hand | 54/58 | €62,829 | €48,286 | -€14,543 | -23.1% |
| Deferred charges and accrued income | 490/1 | €1,587 | €2,867 | +€1,281 | +80.7% |
| Total equity and liabilities | 10/49 | €125,391 | €101,637 | -€23,754 | -18.9% |
| Equity | 10/15 | €35,169 | €47,672 | +€12,503 | +35.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €46,000 | +€12,000 | +35.3% |
| Distributable reserves | 133 | €34,000 | €46,000 | +€12,000 | +35.3% |
| Profit (loss) carried forward | 14 | €169 | €672 | +€503 | +298% |
| Amounts payable | 17/49 | €90,222 | €53,965 | -€36,257 | -40.2% |
| Amounts payable after more than one year | 17 | €2,398 | - | -€2,398 | |
| Financial debts | 170/4 | €2,398 | - | -€2,398 | |
| Amounts payable within one year | 42/48 | €87,824 | €53,965 | -€33,858 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €3,483 | €2,398 | -€1,085 | -31.1% |
| Trade debts | 44 | €4,484 | €3,295 | -€1,189 | -26.5% |
| Suppliers | 440/4 | €4,484 | €3,295 | -€1,189 | -26.5% |
| Taxes, remuneration and social security | 45 | €20,944 | €18,381 | -€2,562 | -12.2% |
| Taxes | 450/3 | €20,944 | €18,381 | -€2,562 | -12.2% |
| Other amounts payable | 47/48 | €58,913 | €29,891 | -€29,022 | -49.3% |
| Non-recurring operating income | 76A | - | €12,217 | +€12,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,465 | €5,762 | +€1,297 | +29.0% |
| Other operating charges | 640/8 | €1,160 | €944 | -€216 | -18.6% |
| Gross operating margin | 9900 | €62,700 | €63,211 | +€511 | +0.8% |
| Operating profit (loss) | 9901 | €57,075 | €56,505 | -€570 | -1.0% |
| Financial income | 75/76B | €126 | €23 | -€103 | -81.7% |
| Recurring financial income | 75 | €126 | €23 | -€103 | -81.7% |
| Financial charges | 65/66B | €2,400 | €2,635 | +€235 | +9.8% |
| Recurring financial charges | 65 | €2,400 | €2,635 | +€235 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €54,801 | €53,893 | -€909 | -1.7% |
| Income taxes | 67/77 | €12,287 | €11,390 | -€897 | -7.3% |
| Profit (loss) for the period | 9904 | €42,515 | €42,503 | -€12 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,515 | €42,503 | -€12 | 0.0% |
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 26 October 2026 via checked.be.