EDSONS: 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
EDSONS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €374,809+€1.7m
Equity
€9.9m
2024 · €7.8m+€2.1m
Cash
€237,977
2024 · €296,582-€58,605
Balance sheet total
€35.2m
2024 · €35.9m-€620,564
Largest movements
Assets
- Tangible fixed assets -€400,357
down €400,357 (-2.9%), from €13.8m to €13.4m
Equity and liabilities
- Profit (loss) carried forward +€2.3m
up €2.3m (+118.6%), from €2.0m to €4.3m
- Debts after one year -€1.8m
down €1.8m (-8.8%), from €20.1m to €18.3m
of which Financial debts: -€1.9m
- Other debts -€1.0m
down €1.0m (-63.3%), from €1.6m to €605,111
Income statement
- Financial income +€2.1m
up €2.1m (+4607.0%), from €45,410 to €2.1m
- Gross operating margin -€445,603
down €445,603 (-23.1%), from €1.9m to €1.5m
- Financial charges -€358,932
down €358,932 (-27.5%), from €1.3m to €945,437
- Taxes -€137,804
down €137,804 (-74.4%), from €185,197 to €47,394
- Write-downs +€83,994
new in 2025: €83,994
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.
Result 2024
€374,809
Gross operating margin
-€445,603
Depreciation
-€5,045
Write-downs
-€83,994
Other operating charges
-€5,797
Financial income
+€2.1m
Financial charges
+€358,932
Taxes
+€137,804
Deferred taxes and other
-€315,985
Result 2025
€2.1m
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.
From operations
+€1.5m
Investment
-€67,840
Financing
-€1.4m
Cash 2024
€296,582
From operations (derived)
+€1.5m
Net result for the year
+€2.1m
Depreciation
+€468,197
Receivables within one year
+€161,100
Smaller working-capital items
-€744
Provisions
-€108,381
Tax, wage and social debts
-€123,750
Advances received
-€7,844
Other debts
-€1.0m
Investment (derived)
-€67,840
Investment in fixed assets (net)
-€67,840
Financing
-€1.4m
Debts after one year
-€1.8m
Current portion of long-term debt
+€185,000
Short-term financial debts
+€150,000
Cash 2025
€237,977
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,858,769 | €35,238,205 | -€620,564 | -1.7% |
| Fixed assets | 21/28 | €32,766,106 | €32,365,748 | -€400,357 | -1.2% |
| Tangible fixed assets | 22/27 | €13,836,749 | €13,436,391 | -€400,357 | -2.9% |
| Land and buildings | 22 | €13,836,749 | €13,436,391 | -€400,357 | -2.9% |
| Financial fixed assets | 28 | €18,929,357 | €18,929,357 | = | 0.0% |
| Current assets | 29/58 | €3,092,663 | €2,872,457 | -€220,206 | -7.1% |
| Amounts receivable within one year | 40/41 | €2,786,734 | €2,625,634 | -€161,100 | -5.8% |
| Trade receivables | 40 | €804,176 | €11,378 | -€792,798 | -98.6% |
| Other amounts receivable | 41 | €1,982,558 | €2,614,256 | +€631,698 | +31.9% |
| Cash at bank and in hand | 54/58 | €296,582 | €237,977 | -€58,605 | -19.8% |
| Deferred charges and accrued income | 490/1 | €9,348 | €8,847 | -€501 | -5.4% |
| Total equity and liabilities | 10/49 | €35,858,769 | €35,238,205 | -€620,564 | -1.7% |
| Equity | 10/15 | €7,807,968 | €9,915,147 | +€2.1m | +27.0% |
| Contributions | 10/11 | €237,564 | €237,564 | = | 0.0% |
| Capital | 10 | €237,564 | €237,564 | = | 0.0% |
| Issued capital | 100 | €237,564 | €237,564 | = | 0.0% |
| Reserves | 13 | €5,598,275 | €5,365,585 | -€232,689 | -4.2% |
| Non-distributable reserves | 130/1 | €23,756 | €23,756 | = | 0.0% |
| Legal reserve | 130 | €23,756 | €23,756 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,570,327 | €5,337,638 | -€232,689 | -4.2% |
| Distributable reserves | 133 | €4,191 | €4,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,972,129 | €4,311,997 | +€2.3m | +118.6% |
| Provisions and deferred taxes | 16 | €2,691,873 | €2,583,492 | -€108,381 | -4.0% |
| Deferred taxes | 168 | €2,691,873 | €2,583,492 | -€108,381 | -4.0% |
| Amounts payable | 17/49 | €25,358,928 | €22,739,566 | -€2.6m | -10.3% |
| Amounts payable after more than one year | 17 | €20,110,698 | €18,333,200 | -€1.8m | -8.8% |
| Financial debts | 170/4 | €20,069,098 | €18,214,450 | -€1.9m | -9.2% |
| Other amounts payable | 178/9 | €41,600 | €118,750 | +€77,150 | +185.5% |
| Amounts payable within one year | 42/48 | €5,248,146 | €4,406,259 | -€841,887 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €791,000 | €976,000 | +€185,000 | +23.4% |
| Financial debts | 43 | €2,438,648 | €2,588,648 | +€150,000 | +6.2% |
| Credit institutions | 430/8 | €2,438,648 | €2,588,648 | +€150,000 | +6.2% |
| Trade debts | 44 | €10,608 | €9,340 | -€1,268 | -12.0% |
| Suppliers | 440/4 | €10,608 | €9,340 | -€1,268 | -12.0% |
| Advances received on contracts in progress | 46 | €181,629 | €173,785 | -€7,844 | -4.3% |
| Taxes, remuneration and social security | 45 | €177,125 | €53,375 | -€123,750 | -69.9% |
| Taxes | 450/3 | €177,125 | €53,375 | -€123,750 | -69.9% |
| Other amounts payable | 47/48 | €1,649,136 | €605,111 | -€1.0m | -63.3% |
| Accrued charges and deferred income | 492/3 | €84 | €107 | +€23 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463,153 | €468,197 | +€5,045 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83,994 | +€83,994 | |
| Other operating charges | 640/8 | €75,253 | €81,051 | +€5,797 | +7.7% |
| Gross operating margin | 9900 | €1,933,005 | €1,487,402 | -€445,603 | -23.1% |
| Operating profit (loss) | 9901 | €1,394,599 | €854,160 | -€540,439 | -38.8% |
| Financial income | 75/76B | €45,410 | €2,137,469 | +€2.1m | +4607.0% |
| Recurring financial income | 75 | €45,410 | €2,137,469 | +€2.1m | +4607.0% |
| Financial charges | 65/66B | €1,304,369 | €945,437 | -€358,932 | -27.5% |
| Recurring financial charges | 65 | €1,304,369 | €945,437 | -€358,932 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €135,640 | €2,046,192 | +€1.9m | +1408.5% |
| Transfer from deferred taxes | 780 | €424,366 | €108,381 | -€315,985 | -74.5% |
| Income taxes | 67/77 | €185,197 | €47,394 | -€137,804 | -74.4% |
| Profit (loss) for the period | 9904 | €374,809 | €2,107,179 | +€1.7m | +462.2% |
| Transfer from tax-exempt reserves | 789 | €984,944 | €232,689 | -€752,255 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,359,753 | €2,339,868 | +€980,115 | +72.1% |
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 7 October 2026 via checked.be.