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EDROPA: 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

EDROPA

BE 0538.644.265
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€37,096
2024 · -€35,751-€1,345
Equity
€370,436
2024 · €407,532-€37,096
Cash
€63,437
2024 · €88,724-€25,287
Balance sheet total
€1.8m
2024 · €1.9m-€70,204

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€46,733

    down €46,733 (-2.6%), from €1.8m to €1.8m

  • Cash -€25,287

    down €25,287 (-28.5%), from €88,724 to €63,437

    mainly Debts after one year (-€533,333) and Net result for the year (-€37,096)

Equity and liabilities
  • Debts after one year -€533,333

    no longer reported in 2025 (was €533,333)

  • Current portion of long-term debt +€533,333

    new in 2025: €533,333

  • Profit (loss) carried forward -€37,096

    down €37,096 (-4.5%), from -€832,468 to -€869,564

  • Other debts -€27,587

    down €27,587 (-2.9%), from €941,948 to €914,361

Income statement
  • Gross operating margin -€1,164

    down €1,164 (-5.4%), from €21,533 to €20,369

  • Other operating charges +€313

    up €313 (+2.9%), from €10,829 to €11,142

  • Financial income +€270

    up €270 (+56.2%), from €481 to €751

From the 2024 result to the 2025 result

effect on the 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 2024 -€35,751
Gross operating margin -€1,164
Other operating charges -€313
Financial income +€270
Financial charges -€138
Result 2025 -€37,096

Cash bridge derived

cash 2024 to 2025

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.

From operations -€25,287
Investment €0
Financing €0
Cash 2024 €88,724
Net result for the year -€37,096
Depreciation +€46,733
Receivables within one year -€1,796
Smaller working-capital items -€1,207
Trade debts -€4,334
Other debts -€27,587
Debts after one year -€533,333
Current portion of long-term debt +€533,333
Cash 2025 €63,437
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,897,177 €1,826,973 -€70,204 -3.7%
Fixed assets 21/28 €1,798,829 €1,752,096 -€46,733 -2.6%
Tangible fixed assets 22/27 €1,798,829 €1,752,096 -€46,733 -2.6%
Land and buildings 22 €1,798,829 €1,752,096 -€46,733 -2.6%
Current assets 29/58 €98,348 €74,877 -€23,471 -23.9%
Amounts receivable within one year 40/41 €5,010 €6,806 +€1,796 +35.8%
Other amounts receivable 41 €5,010 €6,806 +€1,796 +35.8%
Cash at bank and in hand 54/58 €88,724 €63,437 -€25,287 -28.5%
Deferred charges and accrued income 490/1 €4,614 €4,634 +€20 +0.4%
Total equity and liabilities 10/49 €1,897,177 €1,826,973 -€70,204 -3.7%
Equity 10/15 €407,532 €370,436 -€37,096 -9.1%
Contributions 10/11 €1,240,000 €1,240,000 = 0.0%
Capital 10 €1,240,000 €1,240,000 = 0.0%
Issued capital 100 €1,240,000 €1,240,000 = 0.0%
Profit (loss) carried forward 14 -€832,468 -€869,564 -€37,096 -4.5%
Amounts payable 17/49 €1,489,645 €1,456,537 -€33,108 -2.2%
Amounts payable after more than one year 17 €533,333 - -€533,333
Financial debts 170/4 €533,333 - -€533,333
Amounts payable within one year 42/48 €954,202 €1,455,614 +€501,412 +52.5%
Current portion of amounts payable after more than one year 42 - €533,333 +€533,333
Trade debts 44 €12,254 €7,920 -€4,334 -35.4%
Suppliers 440/4 €12,254 €7,920 -€4,334 -35.4%
Other amounts payable 47/48 €941,948 €914,361 -€27,587 -2.9%
Accrued charges and deferred income 492/3 €2,110 €923 -€1,187 -56.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €46,733 €46,733 = 0.0%
Other operating charges 640/8 €10,829 €11,142 +€313 +2.9%
Gross operating margin 9900 €21,533 €20,369 -€1,164 -5.4%
Operating profit (loss) 9901 -€36,029 -€37,506 -€1,477 -4.1%
Financial income 75/76B €481 €751 +€270 +56.2%
Recurring financial income 75 €481 €751 +€270 +56.2%
Financial charges 65/66B €203 €341 +€138 +68.4%
Recurring financial charges 65 €203 €341 +€138 +68.4%
Profit (loss) for the period before taxes 9903 -€35,751 -€37,096 -€1,345 -3.8%
Profit (loss) for the period 9904 -€35,751 -€37,096 -€1,345 -3.8%
Profit (loss) for the period to be appropriated 9905 -€35,751 -€37,096 -€1,345 -3.8%

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 29 September 2026 via checked.be.