EDTA: 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.
EDTA
Largest movements
- Tangible fixed assets +€315,974
up €315,974 (+70.5%), from €448,208 to €764,182
of which Land and buildings: +€282,168
- Cash +€18,930
up €18,930 (+2138.3%), from €885 to €19,815
mainly Debts after one year (+€211,874) and Depreciation (+€95,998)
- Debts after one year +€211,874
up €211,874 (+82.3%), from €257,445 to €469,319
- Tax, wage and social debts +€74,660
up €74,660 (+352.4%), from €21,188 to €95,848
of which Remuneration and social security: +€42,810
- Current portion of long-term debt +€23,036
up €23,036 (+45.2%), from €50,947 to €73,982
- Reserves +€17,836
up €17,836 (+2792.7%), from €639 to €18,474
- Other debts -€16,397
down €16,397 (-80.1%), from €20,469 to €4,072
- Depreciation +€32,200
up €32,200 (+50.5%), from €63,798 to €95,998
- Financial charges +€10,867
up €10,867 (+78.7%), from €13,806 to €24,672
- Staff costs -€9,687
down €9,687 (-18.8%), from €51,500 to €41,813
- Gross operating margin +€8,323
up €8,323 (+4.7%), from €177,132 to €185,456
- Taxes -€3,676
down €3,676 (-58.6%), from €6,279 to €2,603
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,606 | €893,546 | +€331,940 | +59.1% |
| Fixed assets | 21/28 | €544,894 | €854,963 | +€310,070 | +56.9% |
| Intangible fixed assets | 21 | €78,935 | €70,744 | -€8,191 | -10.4% |
| Tangible fixed assets | 22/27 | €448,208 | €764,182 | +€315,974 | +70.5% |
| Land and buildings | 22 | €186,267 | €468,435 | +€282,168 | +151.5% |
| Plant, machinery and equipment | 23 | €83,101 | €160,792 | +€77,691 | +93.5% |
| Furniture and vehicles | 24 | €151,840 | €134,955 | -€16,884 | -11.1% |
| Assets under construction and advance payments | 27 | €27,000 | - | -€27,000 | |
| Financial fixed assets | 28 | €17,750 | €20,037 | +€2,287 | +12.9% |
| Current assets | 29/58 | €16,713 | €38,583 | +€21,870 | +130.9% |
| Stocks and contracts in progress | 3 | €1,200 | - | -€1,200 | |
| Stocks | 30/36 | €1,200 | - | -€1,200 | |
| Amounts receivable within one year | 40/41 | €13,519 | €18,768 | +€5,249 | +38.8% |
| Trade receivables | 40 | €3,691 | - | -€3,691 | |
| Other amounts receivable | 41 | €9,828 | €18,768 | +€8,940 | +91.0% |
| Cash at bank and in hand | 54/58 | €885 | €19,815 | +€18,930 | +2138.3% |
| Deferred charges and accrued income | 490/1 | €1,108 | - | -€1,108 | |
| Total equity and liabilities | 10/49 | €561,606 | €893,546 | +€331,940 | +59.1% |
| Equity | 10/15 | €148,962 | €166,798 | +€17,836 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €639 | €18,474 | +€17,836 | +2792.7% |
| Distributable reserves | 133 | €639 | €18,474 | +€17,836 | +2792.7% |
| Profit (loss) carried forward | 14 | €129,723 | €129,723 | = | 0.0% |
| Amounts payable | 17/49 | €412,644 | €726,748 | +€314,104 | +76.1% |
| Amounts payable after more than one year | 17 | €257,445 | €469,319 | +€211,874 | +82.3% |
| Financial debts | 170/4 | €257,445 | €469,319 | +€211,874 | +82.3% |
| Amounts payable within one year | 42/48 | €155,200 | €257,430 | +€102,230 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €50,947 | €73,982 | +€23,036 | +45.2% |
| Financial debts | 43 | - | €13,146 | +€13,146 | |
| Credit institutions | 430/8 | - | €13,146 | +€13,146 | |
| Trade debts | 44 | €62,596 | €70,381 | +€7,785 | +12.4% |
| Suppliers | 440/4 | €62,596 | €70,381 | +€7,785 | +12.4% |
| Taxes, remuneration and social security | 45 | €21,188 | €95,848 | +€74,660 | +352.4% |
| Taxes | 450/3 | €9,488 | €41,338 | +€31,850 | +335.7% |
| Remuneration and social security | 454/9 | €11,700 | €54,510 | +€42,810 | +365.9% |
| Other amounts payable | 47/48 | €20,469 | €4,072 | -€16,397 | -80.1% |
| Remuneration, social security and pensions | 62 | €51,500 | €41,813 | -€9,687 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,798 | €95,998 | +€32,200 | +50.5% |
| Other operating charges | 640/8 | €4,159 | €2,538 | -€1,621 | -39.0% |
| Gross operating margin | 9900 | €177,132 | €185,456 | +€8,323 | +4.7% |
| Operating profit (loss) | 9901 | €57,675 | €45,107 | -€12,568 | -21.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €13,806 | €24,672 | +€10,867 | +78.7% |
| Recurring financial charges | 65 | €13,806 | €24,672 | +€10,867 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €43,870 | €20,438 | -€23,431 | -53.4% |
| Income taxes | 67/77 | €6,279 | €2,603 | -€3,676 | -58.6% |
| Profit (loss) for the period | 9904 | €37,591 | €17,836 | -€19,755 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,591 | €17,836 | -€19,755 | -52.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.