EdS CONSULT: 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.
EdS CONSULT
Largest movements
- Receivables within one year +€404,346
up €404,346 (+198.1%), from €204,160 to €608,506
of which Trade receivables: +€391,837
- Cash -€65,650
down €65,650 (-71.5%), from €91,807 to €26,157
mainly Receivables within one year (-€404,346) and Tax, wage and social debts (-€15,208)
- Advances received +€239,857
up €239,857 (+762.8%), from €31,446 to €271,303
- Trade debts +€118,793
up €118,793 (+65.0%), from €182,766 to €301,558
- Tax, wage and social debts -€15,208
down €15,208 (-50.0%), from €30,409 to €15,201
of which Taxes: -€15,209
- Gross operating margin -€54,868
down €54,868 (-92.1%), from €59,571 to €4,702
- Taxes -€9,700
down €9,700 (-81.5%), from €11,900 to €2,200
- Depreciation +€683
up €683 (+13.7%), from €5,004 to €5,687
- Other operating charges +€605
up €605 (+75.1%), from €806 to €1,411
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 | €316,039 | €650,252 | +€334,213 | +105.8% |
| Fixed assets | 21/28 | €16,212 | €14,878 | -€1,334 | -8.2% |
| Tangible fixed assets | 22/27 | €16,212 | €14,878 | -€1,334 | -8.2% |
| Furniture and vehicles | 24 | €12,036 | €11,164 | -€872 | -7.2% |
| Other tangible fixed assets | 26 | €4,177 | €3,715 | -€462 | -11.1% |
| Current assets | 29/58 | €299,827 | €635,374 | +€335,547 | +111.9% |
| Amounts receivable within one year | 40/41 | €204,160 | €608,506 | +€404,346 | +198.1% |
| Trade receivables | 40 | €201,136 | €592,973 | +€391,837 | +194.8% |
| Other amounts receivable | 41 | €3,024 | €15,533 | +€12,509 | +413.7% |
| Cash at bank and in hand | 54/58 | €91,807 | €26,157 | -€65,650 | -71.5% |
| Deferred charges and accrued income | 490/1 | €3,859 | €710 | -€3,149 | -81.6% |
| Total equity and liabilities | 10/49 | €316,039 | €650,252 | +€334,213 | +105.8% |
| Equity | 10/15 | €66,422 | €60,493 | -€5,929 | -8.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €11,924 | €11,924 | = | 0.0% |
| Distributable reserves | 133 | €11,924 | €11,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,998 | €45,069 | -€5,929 | -11.6% |
| Amounts payable | 17/49 | €249,617 | €589,759 | +€340,142 | +136.3% |
| Amounts payable after more than one year | 17 | €1,696 | - | -€1,696 | |
| Financial debts | 170/4 | €1,696 | - | -€1,696 | |
| Amounts payable within one year | 42/48 | €247,921 | €589,759 | +€341,838 | +137.9% |
| Current portion of amounts payable after more than one year | 42 | €3,300 | €1,696 | -€1,604 | -48.6% |
| Trade debts | 44 | €182,766 | €301,558 | +€118,793 | +65.0% |
| Suppliers | 440/4 | €182,766 | €301,558 | +€118,793 | +65.0% |
| Advances received on contracts in progress | 46 | €31,446 | €271,303 | +€239,857 | +762.8% |
| Taxes, remuneration and social security | 45 | €30,409 | €15,201 | -€15,208 | -50.0% |
| Taxes | 450/3 | €30,409 | €15,200 | -€15,209 | -50.0% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,004 | €5,687 | +€683 | +13.7% |
| Other operating charges | 640/8 | €806 | €1,411 | +€605 | +75.1% |
| Gross operating margin | 9900 | €59,571 | €4,702 | -€54,868 | -92.1% |
| Operating profit (loss) | 9901 | €53,761 | -€2,396 | -€56,157 | |
| Financial income | 75/76B | €0 | €73 | +€73 | +24223.3% |
| Recurring financial income | 75 | €0 | €73 | +€73 | +24223.3% |
| Financial charges | 65/66B | €1,277 | €1,405 | +€129 | +10.1% |
| Recurring financial charges | 65 | €1,277 | €1,405 | +€129 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €52,484 | -€3,729 | -€56,213 | |
| Income taxes | 67/77 | €11,900 | €2,200 | -€9,700 | -81.5% |
| Profit (loss) for the period | 9904 | €40,584 | -€5,929 | -€46,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,584 | -€5,929 | -€46,514 |
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 12 October 2026 via checked.be.