Eduard Group: 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.
Eduard Group
Largest movements
- Cash +€264,060
up €264,060 (+9,002%), from €2,933 to €266,993
mainly Stocks and contracts (+€203,985) and Net result for the year (+€101,905)
- Stocks and contracts -€203,985
down €203,985 (-68.7%), from €297,025 to €93,040
- Reserves +€101,905
new in 2025: €101,905
- Debts after one year -€40,000
down €40,000 (-8.0%), from €499,011 to €459,011
- Gross operating margin +€138,523
up €138,523 (+1,220%), from €11,356 to €149,879
- Taxes +€45,640
up €45,640 (+2,096%), from €2,177 to €47,817
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.
Derived cash bridge
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 | €569,680 | €630,029 | +€60,349 | +10.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €60,500 | €60,500 | = | 0.0% |
| Financial fixed assets | 28 | €60,500 | €60,500 | = | 0.0% |
| Current assets | 29/58 | €509,180 | €569,529 | +€60,349 | +11.9% |
| Stocks and contracts in progress | 3 | €297,025 | €93,040 | -€203,985 | -68.7% |
| Stocks | 30/36 | €297,025 | €93,040 | -€203,985 | -68.7% |
| Amounts receivable within one year | 40/41 | €209,222 | €209,495 | +€273 | +0.1% |
| Other amounts receivable | 41 | €209,222 | €209,495 | +€273 | +0.1% |
| Cash at bank and in hand | 54/58 | €2,933 | €266,993 | +€264,060 | +9,002% |
| Total equity and liabilities | 10/49 | €569,680 | €630,029 | +€60,349 | +10.6% |
| Equity | 10/15 | €68,491 | €170,397 | +€101,905 | +149% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €101,905 | +€101,905 | |
| Distributable reserves | 133 | - | €101,905 | +€101,905 | |
| Profit (loss) carried forward | 14 | €62,291 | €62,291 | = | 0.0% |
| Amounts payable | 17/49 | €501,188 | €459,632 | -€41,556 | -8.3% |
| Amounts payable after more than one year | 17 | €499,011 | €459,011 | -€40,000 | -8.0% |
| Financial debts | 170/4 | €499,011 | €459,011 | -€40,000 | -8.0% |
| Amounts payable within one year | 42/48 | €2,177 | €621 | -€1,556 | -71.5% |
| Taxes, remuneration and social security | 45 | €2,177 | €621 | -€1,556 | -71.5% |
| Taxes | 450/3 | €2,177 | €621 | -€1,556 | -71.5% |
| Other operating charges | 640/8 | €103 | €109 | +€6 | +5.8% |
| Gross operating margin | 9900 | €11,356 | €149,879 | +€138,523 | +1,220% |
| Operating profit (loss) | 9901 | €11,253 | €149,770 | +€138,517 | +1,231% |
| Financial charges | 65/66B | €89 | €48 | -€41 | -46.2% |
| Recurring financial charges | 65 | €89 | €48 | -€41 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €11,164 | €149,722 | +€138,558 | +1,241% |
| Income taxes | 67/77 | €2,177 | €47,817 | +€45,640 | +2,096% |
| Profit (loss) for the period | 9904 | €8,987 | €101,905 | +€92,919 | +1,034% |
| Profit (loss) for the period to be appropriated | 9905 | €8,987 | €101,905 | +€92,919 | +1,034% |
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 19 October 2026 via checked.be.