EDR: 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.
What changed
EDR
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€291,909
2023 · €271,684+€20,225
Equity
€1.5m
2023 · €1.2m+€291,909
Cash
€1,252
2023 · €41,014-€39,762
Balance sheet total
€11.0m
2023 · €10.2m+€793,636
Largest movements
Assets
- Tangible fixed assets +€494,108
up €494,108 (+7.9%), from €6.2m to €6.7m
of which Land and buildings: +€509,955
- Receivables within one year +€374,847
up €374,847 (+406.3%), from €92,256 to €467,102
of which Trade receivables: +€189,847
Equity and liabilities
- Other debts +€465,116
up €465,116 (+186.5%), from €249,430 to €714,545
- Reserves +€291,909
up €291,909 (+24.0%), from €1.2m to €1.5m
of which Distributable reserves: +€318,666
Income statement
- Financial income +€100,000
new in 2024: €100,000
- Depreciation +€82,877
up €82,877 (+38.1%), from €217,791 to €300,668
- Gross operating margin +€62,294
up €62,294 (+8.5%), from €734,958 to €797,252
- Other operating charges +€39,856
up €39,856 (+116.1%), from €34,342 to €74,199
- Financial charges +€15,358
up €15,358 (+10.6%), from €144,809 to €160,167
From the 2023 result to the 2024 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.
Result 2023
€271,684
Gross operating margin
+€62,294
Depreciation
-€82,877
Other operating charges
-€39,856
Financial income
+€100,000
Financial charges
-€15,358
Taxes
+€1,949
Deferred taxes and other
-€5,927
Result 2024
€291,909
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€723,769
Investment
-€794,776
Financing
+€31,245
Cash 2023
€41,014
From operations (derived)
+€723,769
Net result for the year
+€291,909
Depreciation
+€300,668
Receivables within one year
-€374,847
Deferred charges and accrued income
+€35,557
Provisions
-€8,299
Trade debts
-€15,608
Tax, wage and social debts
+€24,895
Other debts
+€465,116
Accrued charges and deferred income
+€4,378
Investment (derived)
-€794,776
Investment in fixed assets (net)
-€794,776
Financing
+€31,245
Debts after one year
-€48,748
Current portion of long-term debt
+€79,993
Cash 2024
€1,252
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,194,484 | €10,988,120 | +€793,636 | +7.8% |
| Fixed assets | 21/28 | €10,020,213 | €10,514,321 | +€494,108 | +4.9% |
| Tangible fixed assets | 22/27 | €6,220,213 | €6,714,321 | +€494,108 | +7.9% |
| Land and buildings | 22 | €6,199,972 | €6,709,927 | +€509,955 | +8.2% |
| Plant, machinery and equipment | 23 | €14,198 | €4,394 | -€9,804 | -69.1% |
| Furniture and vehicles | 24 | €6,043 | €0 | -€6,043 | -100.0% |
| Financial fixed assets | 28 | €3,800,000 | €3,800,000 | = | 0.0% |
| Current assets | 29/58 | €174,271 | €473,799 | +€299,528 | +171.9% |
| Amounts receivable within one year | 40/41 | €92,256 | €467,102 | +€374,847 | +406.3% |
| Trade receivables | 40 | €82,256 | €272,102 | +€189,847 | +230.8% |
| Other amounts receivable | 41 | €10,000 | €195,000 | +€185,000 | +1850.0% |
| Cash at bank and in hand | 54/58 | €41,014 | €1,252 | -€39,762 | -96.9% |
| Deferred charges and accrued income | 490/1 | €41,002 | €5,445 | -€35,557 | -86.7% |
| Total equity and liabilities | 10/49 | €10,194,484 | €10,988,120 | +€793,636 | +7.8% |
| Equity | 10/15 | €1,220,368 | €1,512,277 | +€291,909 | +23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,214,168 | €1,506,077 | +€291,909 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €292,924 | €268,027 | -€24,897 | -8.5% |
| Distributable reserves | 133 | €919,385 | €1,238,051 | +€318,666 | +34.7% |
| Provisions and deferred taxes | 16 | €115,138 | €106,839 | -€8,299 | -7.2% |
| Deferred taxes | 168 | €115,138 | €106,839 | -€8,299 | -7.2% |
| Amounts payable | 17/49 | €8,858,978 | €9,369,003 | +€510,026 | +5.8% |
| Amounts payable after more than one year | 17 | €7,861,767 | €7,813,018 | -€48,748 | -0.6% |
| Financial debts | 170/4 | €7,861,767 | €7,813,018 | -€48,748 | -0.6% |
| Amounts payable within one year | 42/48 | €992,566 | €1,546,963 | +€554,396 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €563,937 | €643,930 | +€79,993 | +14.2% |
| Trade debts | 44 | €60,304 | €44,696 | -€15,608 | -25.9% |
| Suppliers | 440/4 | €60,304 | €44,696 | -€15,608 | -25.9% |
| Taxes, remuneration and social security | 45 | €118,896 | €143,791 | +€24,895 | +20.9% |
| Taxes | 450/3 | €118,896 | €143,791 | +€24,895 | +20.9% |
| Other amounts payable | 47/48 | €249,430 | €714,545 | +€465,116 | +186.5% |
| Accrued charges and deferred income | 492/3 | €4,645 | €9,022 | +€4,378 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,791 | €300,668 | +€82,877 | +38.1% |
| Other operating charges | 640/8 | €34,342 | €74,199 | +€39,856 | +116.1% |
| Gross operating margin | 9900 | €734,958 | €797,252 | +€62,294 | +8.5% |
| Operating profit (loss) | 9901 | €482,825 | €422,386 | -€60,439 | -12.5% |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €144,809 | €160,167 | +€15,358 | +10.6% |
| Recurring financial charges | 65 | €144,809 | €160,167 | +€15,358 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €338,016 | €362,219 | +€24,203 | +7.2% |
| Transfer from deferred taxes | 780 | €14,226 | €8,299 | -€5,927 | -41.7% |
| Income taxes | 67/77 | €80,558 | €78,609 | -€1,949 | -2.4% |
| Profit (loss) for the period | 9904 | €271,684 | €291,909 | +€20,225 | +7.4% |
| Transfer from tax-exempt reserves | 789 | €42,677 | €24,897 | -€17,780 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €314,361 | €316,806 | +€2,445 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.