EDRICO: 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.
EDRICO
Largest movements
- Tangible fixed assets -€995,956
down €995,956 (-57.2%), from €1.7m to €745,955
of which Land and buildings: -€727,080
- Cash +€100,575
up €100,575 (+1,284%), from €7,834 to €108,408
mainly Investment in fixed assets (net) (+€647,700) and Depreciation (+€348,256)
- Receivables within one year -€79,372
down €79,372 (-26.7%), from €297,230 to €217,858
of which Other amounts receivable: -€110,476
- Short-term financial debts -€580,356
no longer reported in 2025 (was €580,356)
- Debts after one year -€186,204
down €186,204 (-38.4%), from €485,112 to €298,908
- Reserves -€140,083
down €140,083 (-25.4%), from €550,460 to €410,377
of which Tax-exempt reserves: -€113,620
- Current portion of long-term debt -€37,907
down €37,907 (-14.6%), from €258,777 to €220,870
- Trade debts -€26,692
down €26,692 (-35.4%), from €75,344 to €48,652
- Staff costs +€46,286
up €46,286 (+8.2%), from €562,295 to €608,581
- Financial charges -€31,178
down €31,178 (-48.8%), from €63,872 to €32,694
- Gross operating margin +€19,572
up €19,572 (+1.9%), from €1.0m to €1.0m
- Other operating charges -€16,588
down €16,588 (-56.1%), from €29,564 to €12,975
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 | €2,068,174 | €1,096,999 | -€971,176 | -47.0% |
| Fixed assets | 21/28 | €1,750,561 | €754,605 | -€995,956 | -56.9% |
| Tangible fixed assets | 22/27 | €1,741,911 | €745,955 | -€995,956 | -57.2% |
| Land and buildings | 22 | €729,907 | €2,827 | -€727,080 | -99.6% |
| Plant, machinery and equipment | 23 | €7,225 | €4,418 | -€2,807 | -38.9% |
| Furniture and vehicles | 24 | €771,944 | €618,332 | -€153,612 | -19.9% |
| Leasing and similar rights | 25 | €232,834 | €120,378 | -€112,456 | -48.3% |
| Financial fixed assets | 28 | €8,650 | €8,650 | = | 0.0% |
| Current assets | 29/58 | €317,614 | €342,394 | +€24,780 | +7.8% |
| Stocks and contracts in progress | 3 | €3,850 | - | -€3,850 | |
| Stocks | 30/36 | €3,850 | - | -€3,850 | |
| Amounts receivable within one year | 40/41 | €297,230 | €217,858 | -€79,372 | -26.7% |
| Trade receivables | 40 | €186,754 | €217,858 | +€31,104 | +16.7% |
| Other amounts receivable | 41 | €110,476 | - | -€110,476 | |
| Cash at bank and in hand | 54/58 | €7,834 | €108,408 | +€100,575 | +1,284% |
| Deferred charges and accrued income | 490/1 | €8,700 | €16,127 | +€7,427 | +85.4% |
| Total equity and liabilities | 10/49 | €2,068,174 | €1,096,999 | -€971,176 | -47.0% |
| Equity | 10/15 | €581,447 | €441,364 | -€140,083 | -24.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €550,460 | €410,377 | -€140,083 | -25.4% |
| Tax-exempt reserves | 132 | €113,620 | - | -€113,620 | |
| Distributable reserves | 133 | €436,840 | €410,377 | -€26,463 | -6.1% |
| Amounts payable | 17/49 | €1,486,728 | €655,635 | -€831,093 | -55.9% |
| Amounts payable after more than one year | 17 | €485,112 | €298,908 | -€186,204 | -38.4% |
| Financial debts | 170/4 | €485,112 | €298,908 | -€186,204 | -38.4% |
| Amounts payable within one year | 42/48 | €1,001,616 | €356,727 | -€644,889 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €258,777 | €220,870 | -€37,907 | -14.6% |
| Financial debts | 43 | €580,356 | - | -€580,356 | |
| Credit institutions | 430/8 | €580,356 | - | -€580,356 | |
| Trade debts | 44 | €75,344 | €48,652 | -€26,692 | -35.4% |
| Suppliers | 440/4 | €75,344 | €48,652 | -€26,692 | -35.4% |
| Taxes, remuneration and social security | 45 | €87,138 | €74,582 | -€12,556 | -14.4% |
| Taxes | 450/3 | €20,727 | €20,734 | +€7 | 0.0% |
| Remuneration and social security | 454/9 | €66,412 | €53,848 | -€12,564 | -18.9% |
| Other amounts payable | 47/48 | - | €12,622 | +€12,622 | |
| Non-recurring operating income | 76A | €69,546 | - | -€69,546 | |
| Remuneration, social security and pensions | 62 | €562,295 | €608,581 | +€46,286 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,453 | €348,256 | +€6,803 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €235 | +€235 | |
| Other operating charges | 640/8 | €29,564 | €12,975 | -€16,588 | -56.1% |
| Non-recurring operating charges | 66A | - | €125,534 | +€125,534 | |
| Gross operating margin | 9900 | €1,005,218 | €1,024,790 | +€19,572 | +1.9% |
| Operating profit (loss) | 9901 | €71,907 | -€70,792 | -€142,699 | |
| Financial income | 75/76B | €377 | - | -€377 | |
| Recurring financial income | 75 | €377 | - | -€377 | |
| Financial charges | 65/66B | €63,872 | €32,694 | -€31,178 | -48.8% |
| Recurring financial charges | 65 | €63,872 | €32,694 | -€31,178 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €8,411 | -€103,486 | -€111,897 | |
| Income taxes | 67/77 | €12,891 | €10,607 | -€2,285 | -17.7% |
| Profit (loss) for the period | 9904 | -€4,481 | -€114,093 | -€109,612 | -2,446% |
| Transfer from tax-exempt reserves | 789 | - | €113,620 | +€113,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,481 | -€473 | +€4,008 | +89.4% |
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 19 October 2026 via checked.be.