EDW: what changed
EDW
Largest movements
- Cash +€14,949
up €14,949 (+24.5%), from €61,017 to €75,966
mainly Receivables within one year (+€12,211) and Net result for the year (+€5,627)
- Receivables within one year -€12,211
down €12,211 (-99.7%), from €12,245 to €33
of which Trade receivables: -€12,245
- Tangible fixed assets -€948
down €948 (-40.2%), from €2,357 to €1,409
of which Plant, machinery and equipment: -€495
- Tax, wage and social debts -€8,815
down €8,815 (-47.1%), from €18,731 to €9,916
of which Taxes: -€5,015
- Reserves +€5,000
up €5,000 (+10.0%), from €50,000 to €55,000
- Other debts +€2,566
up €2,566 (+112%), from €2,298 to €4,865
- Trade debts +€2,110
up €2,110 (+324%), from €650 to €2,760
- Gross operating margin -€42,217
down €42,217 (-81.9%), from €51,520 to €9,303
- Taxes -€8,129
down €8,129 (-80.3%), from €10,124 to €1,995
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,045 | €79,533 | +€1,487 | +1.9% |
| Fixed assets | 21/28 | €2,357 | €1,409 | -€948 | -40.2% |
| Tangible fixed assets | 22/27 | €2,357 | €1,409 | -€948 | -40.2% |
| Plant, machinery and equipment | 23 | €1,327 | €832 | -€495 | -37.3% |
| Furniture and vehicles | 24 | €1,030 | €577 | -€453 | -43.9% |
| Current assets | 29/58 | €75,689 | €78,124 | +€2,435 | +3.2% |
| Stocks and contracts in progress | 3 | €1,095 | €1,210 | +€115 | +10.5% |
| Stocks | 30/36 | €1,095 | €1,210 | +€115 | +10.5% |
| Amounts receivable within one year | 40/41 | €12,245 | €33 | -€12,211 | -99.7% |
| Trade receivables | 40 | €12,245 | - | -€12,245 | |
| Other amounts receivable | 41 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €61,017 | €75,966 | +€14,949 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,332 | €915 | -€417 | -31.3% |
| Total equity and liabilities | 10/49 | €78,045 | €79,533 | +€1,487 | +1.9% |
| Equity | 10/15 | €56,366 | €61,993 | +€5,627 | +10.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €55,000 | +€5,000 | +10.0% |
| Distributable reserves | 133 | €50,000 | €55,000 | +€5,000 | +10.0% |
| Profit (loss) carried forward | 14 | €5,366 | €5,993 | +€627 | +11.7% |
| Amounts payable | 17/49 | €21,679 | €17,540 | -€4,139 | -19.1% |
| Amounts payable within one year | 42/48 | €21,679 | €17,540 | -€4,139 | -19.1% |
| Trade debts | 44 | €650 | €2,760 | +€2,110 | +324% |
| Suppliers | 440/4 | €650 | €2,760 | +€2,110 | +324% |
| Taxes, remuneration and social security | 45 | €18,731 | €9,916 | -€8,815 | -47.1% |
| Taxes | 450/3 | €14,931 | €9,916 | -€5,015 | -33.6% |
| Remuneration and social security | 454/9 | €3,800 | - | -€3,800 | |
| Other amounts payable | 47/48 | €2,298 | €4,865 | +€2,566 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €948 | -€55 | -5.5% |
| Other operating charges | 640/8 | €639 | €633 | -€6 | -0.9% |
| Gross operating margin | 9900 | €51,520 | €9,303 | -€42,217 | -81.9% |
| Operating profit (loss) | 9901 | €49,878 | €7,722 | -€42,156 | -84.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €489 | €101 | -€389 | -79.4% |
| Recurring financial charges | 65 | €489 | €101 | -€389 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €49,388 | €7,621 | -€41,767 | -84.6% |
| Income taxes | 67/77 | €10,124 | €1,995 | -€8,129 | -80.3% |
| Profit (loss) for the period | 9904 | €39,265 | €5,627 | -€33,638 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,265 | €5,627 | -€33,638 | -85.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.