EDVAST: 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
EDVAST
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€746,941
2024 · €410,992+€335,949
Equity
€105.6m
2024 · €104.9m+€746,941
Cash
€1.1m
2024 · €503,493+€556,265
Balance sheet total
€105.6m
2024 · €105.0m+€669,356
Largest movements
Assets
- Receivables within one year +€7.1m
up €7.1m (+231.0%), from €3.1m to €10.2m
of which Other amounts receivable: +€7.1m
- Financial fixed assets -€4.1m
down €4.1m (-4.4%), from €93.4m to €89.3m
of which Affiliated companies: -€93.4m
- Current investments -€3.1m
down €3.1m (-40.0%), from €7.6m to €4.6m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€651,331
up €651,331 (+111.4%), from €584,527 to €1.2m
of which Financial income: +€651,331
- Taxes +€208,202
up €208,202 (+255.5%), from €81,486 to €289,688
- Services and other goods -€42,407
no longer reported in 2025 (was €42,407)
- Financial charges +€40,617
up €40,617 (+153.4%), from €26,475 to €67,092
- Turnover -€28,770
no longer reported in 2025 (was €28,770)
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
€410,992
Turnover
-€28,770
Other operating income
-€266
Services and other goods
+€42,407
Staff costs
+€4,625
Depreciation
+€4,735
Other operating charges
-€13,628
Other operating items
-€75,666
Financial income
+€651,331
Financial charges
-€40,617
Taxes
-€208,202
Result 2025
€746,941
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
-€6.4m
Investment
+€6.9m
Financing
€0
Cash 2024
€503,493
From operations (derived)
-€6.4m
Net result for the year
+€746,941
Depreciation
+€11,952
Smaller working-capital items
+€5,523
Receivables within one year
-€7.1m
Deferred charges and accrued income
+€86,803
Tax, wage and social debts
-€79,241
Investment (derived)
+€6.9m
Investment in fixed assets (net)
+€3.9m
Current investments
+€3.1m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,950,107 | €105,619,462 | +€669,356 | +0.6% |
| Fixed assets | 21/28 | €93,603,275 | €89,727,091 | -€3.9m | -4.1% |
| Tangible fixed assets | 22/27 | €180,482 | €380,630 | +€200,148 | +110.9% |
| Plant, machinery and equipment | 23 | €170,686 | €380,630 | +€209,944 | +123.0% |
| Other tangible fixed assets | 26 | €9,796 | €0 | -€9,796 | -100.0% |
| Financial fixed assets | 28 | €93,422,794 | €89,346,461 | -€4.1m | -4.4% |
| Affiliated companies | 280/1 | €93,422,431 | - | -€93.4m | |
| Participating interests | 280 | €93,422,431 | - | -€93.4m | |
| Other financial fixed assets | 284/8 | €363 | - | -€363 | |
| Amounts receivable and cash guarantees | 285/8 | €363 | - | -€363 | |
| Current assets | 29/58 | €11,346,831 | €15,892,371 | +€4.5m | +40.1% |
| Stocks and contracts in progress | 3 | €3,867 | €0 | -€3,867 | -100.0% |
| Stocks | 30/36 | €3,867 | €0 | -€3,867 | -100.0% |
| Goods purchased for resale | 34 | €3,867 | - | -€3,867 | |
| Amounts receivable within one year | 40/41 | €3,092,062 | €10,234,863 | +€7.1m | +231.0% |
| Trade receivables | 40 | €1,678 | €0 | -€1,678 | -100.0% |
| Other amounts receivable | 41 | €3,090,384 | €10,234,863 | +€7.1m | +231.2% |
| Current investments | 50/53 | €7,649,515 | €4,586,659 | -€3.1m | -40.0% |
| Other investments | 51/53 | €7,649,515 | - | -€7.6m | |
| Cash at bank and in hand | 54/58 | €503,493 | €1,059,758 | +€556,265 | +110.5% |
| Deferred charges and accrued income | 490/1 | €97,893 | €11,090 | -€86,803 | -88.7% |
| Total equity and liabilities | 10/49 | €104,950,107 | €105,619,462 | +€669,356 | +0.6% |
| Equity | 10/15 | €104,863,284 | €105,610,224 | +€746,941 | +0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €91,273,743 | €91,273,743 | = | 0.0% |
| Distributable reserves | 133 | €91,273,743 | €91,273,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,570,991 | €14,317,932 | +€746,941 | +5.5% |
| Amounts payable | 17/49 | €86,823 | €9,238 | -€77,585 | -89.4% |
| Amounts payable within one year | 42/48 | €86,823 | €8,239 | -€78,584 | -90.5% |
| Trade debts | 44 | €1,494 | €2,121 | +€627 | +42.0% |
| Suppliers | 440/4 | €1,494 | €2,121 | +€627 | +42.0% |
| Taxes, remuneration and social security | 45 | €85,261 | €6,019 | -€79,241 | -92.9% |
| Taxes | 450/3 | €81,491 | €0 | -€81,491 | -100.0% |
| Remuneration and social security | 454/9 | €3,770 | €6,019 | +€2,250 | +59.7% |
| Other amounts payable | 47/48 | €68 | €99 | +€30 | +44.5% |
| Accrued charges and deferred income | 492/3 | €0 | €998 | +€998 | |
| Operating income | 70/76A | €29,036 | - | -€29,036 | |
| Turnover | 70 | €28,770 | - | -€28,770 | |
| Other operating income | 74 | €266 | - | -€266 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €94,611 | - | -€94,611 | |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €42,407 | - | -€42,407 | |
| Remuneration, social security and pensions | 62 | €28,005 | €23,380 | -€4,625 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,687 | €11,952 | -€4,735 | -28.4% |
| Other operating charges | 640/8 | €7,511 | €21,140 | +€13,628 | +181.4% |
| Non-recurring operating charges | 66A | - | €70,720 | +€70,720 | |
| Gross operating margin | 9900 | - | -€4,946 | -€4,946 | |
| Operating profit (loss) | 9901 | -€65,575 | -€132,138 | -€66,563 | -101.5% |
| Financial income | 75/76B | €584,527 | €1,235,858 | +€651,331 | +111.4% |
| Recurring financial income | 75 | €584,527 | €1,235,858 | +€651,331 | +111.4% |
| Income from current assets | 751 | €387,882 | - | -€387,882 | |
| Other financial income | 752/9 | €196,645 | - | -€196,645 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €26,475 | €67,092 | +€40,617 | +153.4% |
| Recurring financial charges | 65 | €26,475 | €67,092 | +€40,617 | +153.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€1,642 | - | +€1,642 | |
| Other financial charges | 652/9 | €28,117 | - | -€28,117 | |
| Profit (loss) for the period before taxes | 9903 | €492,478 | €1,036,629 | +€544,151 | +110.5% |
| Income taxes | 67/77 | €81,486 | €289,688 | +€208,202 | +255.5% |
| Taxes | 670/3 | €81,486 | - | -€81,486 | |
| Profit (loss) for the period | 9904 | €410,992 | €746,941 | +€335,949 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €410,992 | €746,941 | +€335,949 | +81.7% |
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.