EDRO LIFTEN: 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.
EDRO LIFTEN
Largest movements
- Tangible fixed assets +€44,921
up €44,921 (+61.1%), from €73,572 to €118,494
- Cash -€29,378
down €29,378 (-13.2%), from €221,901 to €192,522
mainly Investment in fixed assets (net) (-€81,676) and Contributions, distributions and other (-€16,600)
- Reserves +€29,446
up €29,446 (+14.0%), from €209,860 to €239,306
- Advances received -€13,205
down €13,205 (-25.3%), from €52,189 to €38,984
- Debts after one year -€10,594
down €10,594 (-92.1%), from €11,497 to €903
- Tax, wage and social debts +€3,460
up €3,460 (+82.2%), from €4,209 to €7,668
- Other debts +€3,231
up €3,231 (+252%), from €1,280 to €4,511
- Depreciation +€14,596
up €14,596 (+65.9%), from €22,159 to €36,755
- Gross operating margin +€13,628
up €13,628 (+15.5%), from €87,992 to €101,620
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 | €303,228 | €317,351 | +€14,123 | +4.7% |
| Fixed assets | 21/28 | €73,572 | €118,494 | +€44,921 | +61.1% |
| Tangible fixed assets | 22/27 | €73,572 | €118,494 | +€44,921 | +61.1% |
| Furniture and vehicles | 24 | €73,572 | €118,494 | +€44,921 | +61.1% |
| Current assets | 29/58 | €229,656 | €198,857 | -€30,798 | -13.4% |
| Amounts receivable within one year | 40/41 | €6,894 | €5,971 | -€923 | -13.4% |
| Trade receivables | 40 | €753 | €2,906 | +€2,153 | +286% |
| Other amounts receivable | 41 | €6,141 | €3,065 | -€3,076 | -50.1% |
| Cash at bank and in hand | 54/58 | €221,901 | €192,522 | -€29,378 | -13.2% |
| Deferred charges and accrued income | 490/1 | €861 | €364 | -€496 | -57.7% |
| Total equity and liabilities | 10/49 | €303,228 | €317,351 | +€14,123 | +4.7% |
| Equity | 10/15 | €222,260 | €251,706 | +€29,446 | +13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €209,860 | €239,306 | +€29,446 | +14.0% |
| Distributable reserves | 133 | €209,860 | €239,306 | +€29,446 | +14.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €80,968 | €65,645 | -€15,323 | -18.9% |
| Amounts payable after more than one year | 17 | €11,497 | €903 | -€10,594 | -92.1% |
| Financial debts | 170/4 | €11,497 | €903 | -€10,594 | -92.1% |
| Amounts payable within one year | 42/48 | €69,073 | €63,827 | -€5,247 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €10,163 | €10,594 | +€431 | +4.2% |
| Trade debts | 44 | €1,232 | €2,069 | +€837 | +67.9% |
| Suppliers | 440/4 | €1,232 | €2,069 | +€837 | +67.9% |
| Advances received on contracts in progress | 46 | €52,189 | €38,984 | -€13,205 | -25.3% |
| Taxes, remuneration and social security | 45 | €4,209 | €7,668 | +€3,460 | +82.2% |
| Taxes | 450/3 | €4,209 | €7,668 | +€3,460 | +82.2% |
| Other amounts payable | 47/48 | €1,280 | €4,511 | +€3,231 | +252% |
| Accrued charges and deferred income | 492/3 | €397 | €915 | +€518 | +130% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,159 | €36,755 | +€14,596 | +65.9% |
| Other operating charges | 640/8 | €1,050 | €453 | -€598 | -56.9% |
| Gross operating margin | 9900 | €87,992 | €101,620 | +€13,628 | +15.5% |
| Operating profit (loss) | 9901 | €64,783 | €64,412 | -€371 | -0.6% |
| Financial income | 75/76B | €3 | €9 | +€6 | +194% |
| Recurring financial income | 75 | €3 | €9 | +€6 | +194% |
| Financial charges | 65/66B | €2,076 | €1,497 | -€579 | -27.9% |
| Recurring financial charges | 65 | €2,076 | €1,497 | -€579 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €62,709 | €62,924 | +€214 | +0.3% |
| Income taxes | 67/77 | €16,962 | €16,878 | -€84 | -0.5% |
| Profit (loss) for the period | 9904 | €45,747 | €46,046 | +€299 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,747 | €46,046 | +€299 | +0.7% |
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 20 October 2026 via checked.be.