EDROVEST: 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.
EDROVEST
Largest movements
- Financial fixed assets -€372,550
down €372,550 (-100.0%), from €372,550 to €0
- Cash +€107,671
up €107,671 (+54.5%), from €197,600 to €305,272
mainly Investment in fixed assets (net) (+€394,032) and Net result for the year (+€178,538)
- Tangible fixed assets -€23,559
down €23,559 (-72.1%), from €32,672 to €9,113
of which Furniture and vehicles: -€22,103
- Reserves -€298,358
down €298,358 (-60.6%), from €492,202 to €193,845
- Other debts +€138,792
up €138,792 (+811.5%), from €17,104 to €155,896
- Debts after one year -€63,130
down €63,130 (-100.0%), from €63,130 to €0
- Current portion of long-term debt -€49,731
down €49,731 (-100.0%), from €49,731 to €0
- Tax, wage and social debts -€11,188
down €11,188 (-83.0%), from €13,479 to €2,291
- Taxes -€60,781
down €60,781 (-94.6%), from €64,251 to €3,470
- Financial income -€27,318
down €27,318 (-87.4%), from €31,248 to €3,930
- Gross operating margin -€15,182
down €15,182 (-7.4%), from €204,638 to €189,456
- Depreciation -€6,312
down €6,312 (-75.2%), from €8,389 to €2,077
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 | €677,191 | €393,751 | -€283,440 | -41.9% |
| Fixed assets | 21/28 | €405,222 | €9,113 | -€396,109 | -97.8% |
| Tangible fixed assets | 22/27 | €32,672 | €9,113 | -€23,559 | -72.1% |
| Furniture and vehicles | 24 | €22,691 | €588 | -€22,103 | -97.4% |
| Other tangible fixed assets | 26 | €9,981 | €8,525 | -€1,455 | -14.6% |
| Financial fixed assets | 28 | €372,550 | €0 | -€372,550 | -100.0% |
| Current assets | 29/58 | €271,969 | €384,638 | +€112,668 | +41.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €163 | €2,512 | +€2,348 | +1440.6% |
| Trade receivables | 40 | €163 | €0 | -€163 | -100.0% |
| Other amounts receivable | 41 | - | €2,512 | +€2,512 | |
| Current investments | 50/53 | €73,484 | €76,232 | +€2,749 | +3.7% |
| Cash at bank and in hand | 54/58 | €197,600 | €305,272 | +€107,671 | +54.5% |
| Deferred charges and accrued income | 490/1 | €722 | €622 | -€100 | -13.9% |
| Total equity and liabilities | 10/49 | €677,191 | €393,751 | -€283,440 | -41.9% |
| Equity | 10/15 | €532,202 | €233,845 | -€298,358 | -56.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €492,202 | €193,845 | -€298,358 | -60.6% |
| Distributable reserves | 133 | €492,202 | €193,845 | -€298,358 | -60.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,988 | €159,906 | +€14,918 | +10.3% |
| Amounts payable after more than one year | 17 | €63,130 | €0 | -€63,130 | -100.0% |
| Financial debts | 170/4 | €63,130 | €0 | -€63,130 | -100.0% |
| Amounts payable within one year | 42/48 | €80,482 | €158,530 | +€78,047 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €49,731 | €0 | -€49,731 | -100.0% |
| Trade debts | 44 | €169 | €343 | +€175 | +103.5% |
| Suppliers | 440/4 | €169 | €343 | +€175 | +103.5% |
| Taxes, remuneration and social security | 45 | €13,479 | €2,291 | -€11,188 | -83.0% |
| Taxes | 450/3 | €13,479 | €2,291 | -€11,188 | -83.0% |
| Other amounts payable | 47/48 | €17,104 | €155,896 | +€138,792 | +811.5% |
| Accrued charges and deferred income | 492/3 | €1,376 | €1,376 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €181,721 | +€181,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,389 | €2,077 | -€6,312 | -75.2% |
| Other operating charges | 640/8 | €646 | €1,154 | +€507 | +78.5% |
| Non-recurring operating charges | 66A | - | €4,953 | +€4,953 | |
| Gross operating margin | 9900 | €204,638 | €189,456 | -€15,182 | -7.4% |
| Operating profit (loss) | 9901 | €195,602 | €181,273 | -€14,330 | -7.3% |
| Financial income | 75/76B | €31,248 | €3,930 | -€27,318 | -87.4% |
| Recurring financial income | 75 | €31,248 | €3,930 | -€27,318 | -87.4% |
| Financial charges | 65/66B | €3,452 | €3,195 | -€258 | -7.5% |
| Recurring financial charges | 65 | €3,452 | €1,474 | -€1,979 | -57.3% |
| Non-recurring financial charges | 66B | - | €1,721 | +€1,721 | |
| Profit (loss) for the period before taxes | 9903 | €223,397 | €182,008 | -€41,389 | -18.5% |
| Income taxes | 67/77 | €64,251 | €3,470 | -€60,781 | -94.6% |
| Profit (loss) for the period | 9904 | €159,147 | €178,538 | +€19,392 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,147 | €178,538 | +€19,392 | +12.2% |
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 4 October 2026 via checked.be.