EDVH: 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.
EDVH
Largest movements
- Receivables within one year -€218,506
down €218,506 (-83.5%), from €261,702 to €43,195
of which Trade receivables: -€237,208
- Tangible fixed assets +€14,581
up €14,581 (+70.5%), from €20,694 to €35,275
- Cash +€6,348
up €6,348 (+77.2%), from €8,224 to €14,572
mainly Net result for the year (+€2.3m) and Receivables within one year (+€218,506)
- Trade debts -€2.5m
down €2.5m (-98.1%), from €2.6m to €48,970
- Profit (loss) carried forward +€2.3m
up €2.3m (+92.5%), from -€2.5m to -€189,652
- Short-term financial debts +€44,000
new in 2025: €44,000
- Other debts -€37,664
down €37,664 (-23.5%), from €160,431 to €122,768
- Tax, wage and social debts -€21,015
down €21,015 (-75.0%), from €28,008 to €6,993
of which Remuneration and social security: -€22,430
- Financial income +€2.3m
new in 2025: €2.3m
of which Financial income: +€2.3m
- Gross operating margin +€60,671
up €60,671, from -€36,339 to €24,332
- Taxes +€17,986
new in 2025: €17,986
- Depreciation -€7,825
down €7,825 (-36.8%), from €21,262 to €13,437
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 | €317,815 | €119,079 | -€198,736 | -62.5% |
| Fixed assets | 21/28 | €28,645 | €42,068 | +€13,423 | +46.9% |
| Intangible fixed assets | 21 | €3,475 | €2,317 | -€1,158 | -33.3% |
| Tangible fixed assets | 22/27 | €20,694 | €35,275 | +€14,581 | +70.5% |
| Furniture and vehicles | 24 | €20,694 | €35,275 | +€14,581 | +70.5% |
| Financial fixed assets | 28 | €4,476 | €4,476 | = | 0.0% |
| Current assets | 29/58 | €289,170 | €77,011 | -€212,159 | -73.4% |
| Amounts receivable within one year | 40/41 | €261,702 | €43,195 | -€218,506 | -83.5% |
| Trade receivables | 40 | €255,667 | €18,459 | -€237,208 | -92.8% |
| Other amounts receivable | 41 | €6,035 | €24,736 | +€18,702 | +309.9% |
| Cash at bank and in hand | 54/58 | €8,224 | €14,572 | +€6,348 | +77.2% |
| Deferred charges and accrued income | 490/1 | €19,244 | €19,244 | = | 0.0% |
| Total equity and liabilities | 10/49 | €317,815 | €119,079 | -€198,736 | -62.5% |
| Equity | 10/15 | -€2,513,611 | -€183,652 | +€2.3m | +92.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,519,611 | -€189,652 | +€2.3m | +92.5% |
| Amounts payable | 17/49 | €2,831,426 | €302,731 | -€2.5m | -89.3% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,751,426 | €222,731 | -€2.5m | -91.9% |
| Financial debts | 43 | - | €44,000 | +€44,000 | |
| Other loans | 439 | - | €44,000 | +€44,000 | |
| Trade debts | 44 | €2,562,986 | €48,970 | -€2.5m | -98.1% |
| Suppliers | 440/4 | €2,562,986 | €48,970 | -€2.5m | -98.1% |
| Taxes, remuneration and social security | 45 | €28,008 | €6,993 | -€21,015 | -75.0% |
| Taxes | 450/3 | - | €1,414 | +€1,414 | |
| Remuneration and social security | 454/9 | €28,008 | €5,578 | -€22,430 | -80.1% |
| Other amounts payable | 47/48 | €160,431 | €122,768 | -€37,664 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,262 | €13,437 | -€7,825 | -36.8% |
| Other operating charges | 640/8 | €894 | €886 | -€8 | -0.9% |
| Gross operating margin | 9900 | -€36,339 | €24,332 | +€60,671 | |
| Operating profit (loss) | 9901 | -€58,495 | €10,009 | +€68,505 | |
| Financial income | 75/76B | - | €2,338,000 | +€2.3m | |
| Recurring financial income | 75 | - | €2,338,000 | +€2.3m | |
| Non-recurring financial income | 76B | - | €2,338,000 | +€2.3m | |
| Financial charges | 65/66B | - | €64 | +€64 | |
| Recurring financial charges | 65 | - | €64 | +€64 | |
| Profit (loss) for the period before taxes | 9903 | -€58,495 | €2,347,946 | +€2.4m | |
| Income taxes | 67/77 | - | €17,986 | +€17,986 | |
| Profit (loss) for the period | 9904 | -€58,495 | €2,329,959 | +€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,495 | €2,329,959 | +€2.4m |
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 6 October 2026 via checked.be.