EDPW: 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.
EDPW
Largest movements
- Cash -€81,212
down €81,212 (-44.9%), from €180,725 to €99,513
mainly Contributions, distributions and other (-€155,000) and Tax, wage and social debts (-€22,090)
- Deferred charges and accrued income +€2,802
up €2,802 (+157.1%), from €1,783 to €4,585
- Tangible fixed assets +€2,681
up €2,681 (+168.5%), from €1,591 to €4,272
- Receivables within one year +€2,279
up €2,279 (+17.7%), from €12,846 to €15,125
- Reserves -€157,000
down €157,000 (-100.0%), from €157,015 to €15
- Other debts +€104,684
up €104,684 (+2182.7%), from €4,796 to €109,480
- Tax, wage and social debts -€22,090
down €22,090 (-63.4%), from €34,825 to €12,735
- Contributions +€2,000
new in 2025: €2,000
- Gross operating margin +€4,882
up €4,882, from -€1,231 to €3,651
- Taxes +€2,480
up €2,480, from -€156 to €2,324
- Depreciation +€414
up €414 (+105.5%), from €393 to €807
- Financial charges +€221
up €221 (+192.5%), from €115 to €336
- Other operating charges +€116
up €116 (+12.5%), from €927 to €1,043
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 | €196,946 | €123,495 | -€73,451 | -37.3% |
| Fixed assets | 21/28 | €1,591 | €4,272 | +€2,681 | +168.5% |
| Tangible fixed assets | 22/27 | €1,591 | €4,272 | +€2,681 | +168.5% |
| Furniture and vehicles | 24 | €1,591 | €4,272 | +€2,681 | +168.5% |
| Current assets | 29/58 | €195,355 | €119,223 | -€76,131 | -39.0% |
| Amounts receivable within one year | 40/41 | €12,846 | €15,125 | +€2,279 | +17.7% |
| Trade receivables | 40 | €12,846 | €15,125 | +€2,279 | +17.7% |
| Cash at bank and in hand | 54/58 | €180,725 | €99,513 | -€81,212 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,783 | €4,585 | +€2,802 | +157.1% |
| Total equity and liabilities | 10/49 | €196,946 | €123,495 | -€73,451 | -37.3% |
| Equity | 10/15 | €157,015 | €1,173 | -€155,842 | -99.3% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €157,015 | €15 | -€157,000 | -100.0% |
| Distributable reserves | 133 | €157,015 | €15 | -€157,000 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€842 | -€842 | |
| Amounts payable | 17/49 | €39,931 | €122,322 | +€82,391 | +206.3% |
| Amounts payable within one year | 42/48 | €39,931 | €122,322 | +€82,391 | +206.3% |
| Trade debts | 44 | €310 | €107 | -€203 | -65.5% |
| Suppliers | 440/4 | €310 | €107 | -€203 | -65.5% |
| Taxes, remuneration and social security | 45 | €34,825 | €12,735 | -€22,090 | -63.4% |
| Taxes | 450/3 | €34,825 | €12,735 | -€22,090 | -63.4% |
| Other amounts payable | 47/48 | €4,796 | €109,480 | +€104,684 | +2182.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €807 | +€414 | +105.5% |
| Other operating charges | 640/8 | €927 | €1,043 | +€116 | +12.5% |
| Gross operating margin | 9900 | -€1,231 | €3,651 | +€4,882 | |
| Operating profit (loss) | 9901 | -€2,550 | €1,802 | +€4,352 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €115 | €336 | +€221 | +192.5% |
| Recurring financial charges | 65 | €115 | €336 | +€221 | +192.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,665 | €1,482 | +€4,147 | |
| Income taxes | 67/77 | -€156 | €2,324 | +€2,480 | |
| Profit (loss) for the period | 9904 | -€2,509 | -€842 | +€1,668 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,509 | -€842 | +€1,668 | +66.5% |
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 30 September 2026 via checked.be.