Edward Taelman: 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.
Edward Taelman
Largest movements
- Cash +€79,718
up €79,718 (+26.9%), from €296,899 to €376,617
mainly Net result for the year (+€83,754) and Other debts (+€56,640)
- Tangible fixed assets -€8,623
down €8,623 (-77.1%), from €11,189 to €2,566
of which Furniture and vehicles: -€7,813
- Receivables within one year -€6,569
down €6,569 (-89.6%), from €7,328 to €759
of which Other amounts receivable: -€6,442
- Reserves +€83,500
up €83,500 (+4,489%), from €1,860 to €85,360
of which Distributable reserves: +€83,500
- Profit (loss) carried forward -€59,746
down €59,746 (-24.7%), from €241,944 to €182,197
- Other debts +€56,640
up €56,640 (+302%), from €18,764 to €75,404
- Tax, wage and social debts -€9,858
down €9,858 (-37.3%), from €26,445 to €16,586
of which Taxes: -€9,880
- Trade debts -€6,291
down €6,291 (-71.8%), from €8,758 to €2,467
- Taxes +€7,399
up €7,399 (+26.0%), from €28,436 to €35,835
- Other operating charges -€2,058
down €2,058 (-70.0%), from €2,942 to €883
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 | €317,437 | €380,854 | +€63,417 | +20.0% |
| Fixed assets | 21/28 | €12,189 | €2,566 | -€9,623 | -79.0% |
| Tangible fixed assets | 22/27 | €11,189 | €2,566 | -€8,623 | -77.1% |
| Plant, machinery and equipment | 23 | €753 | €468 | -€285 | -37.9% |
| Furniture and vehicles | 24 | €8,833 | €1,020 | -€7,813 | -88.5% |
| Other tangible fixed assets | 26 | €1,603 | €1,078 | -€525 | -32.7% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €305,248 | €378,288 | +€73,040 | +23.9% |
| Amounts receivable within one year | 40/41 | €7,328 | €759 | -€6,569 | -89.6% |
| Trade receivables | 40 | €886 | €759 | -€127 | -14.3% |
| Other amounts receivable | 41 | €6,442 | - | -€6,442 | |
| Cash at bank and in hand | 54/58 | €296,899 | €376,617 | +€79,718 | +26.9% |
| Deferred charges and accrued income | 490/1 | €1,021 | €912 | -€109 | -10.7% |
| Total equity and liabilities | 10/49 | €317,437 | €380,854 | +€63,417 | +20.0% |
| Equity | 10/15 | €262,404 | €286,157 | +€23,754 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €85,360 | +€83,500 | +4,489% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €83,500 | +€83,500 | |
| Profit (loss) carried forward | 14 | €241,944 | €182,197 | -€59,746 | -24.7% |
| Amounts payable | 17/49 | €55,033 | €94,696 | +€39,663 | +72.1% |
| Amounts payable within one year | 42/48 | €53,967 | €94,457 | +€40,490 | +75.0% |
| Trade debts | 44 | €8,758 | €2,467 | -€6,291 | -71.8% |
| Suppliers | 440/4 | €8,758 | €2,467 | -€6,291 | -71.8% |
| Taxes, remuneration and social security | 45 | €26,445 | €16,586 | -€9,858 | -37.3% |
| Taxes | 450/3 | €23,438 | €13,558 | -€9,880 | -42.2% |
| Remuneration and social security | 454/9 | €3,007 | €3,029 | +€22 | +0.7% |
| Other amounts payable | 47/48 | €18,764 | €75,404 | +€56,640 | +302% |
| Accrued charges and deferred income | 492/3 | €1,066 | €239 | -€827 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €8,623 | -€177 | -2.0% |
| Other operating charges | 640/8 | €2,942 | €883 | -€2,058 | -70.0% |
| Gross operating margin | 9900 | €129,836 | €129,070 | -€765 | -0.6% |
| Operating profit (loss) | 9901 | €118,094 | €119,564 | +€1,470 | +1.2% |
| Financial income | 75/76B | €150 | €168 | +€18 | +12.0% |
| Recurring financial income | 75 | €150 | €168 | +€18 | +12.0% |
| Financial charges | 65/66B | €154 | €143 | -€11 | -7.1% |
| Recurring financial charges | 65 | €154 | €143 | -€11 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €118,090 | €119,589 | +€1,499 | +1.3% |
| Income taxes | 67/77 | €28,436 | €35,835 | +€7,399 | +26.0% |
| Profit (loss) for the period | 9904 | €89,654 | €83,754 | -€5,900 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,654 | €83,754 | -€5,900 | -6.6% |
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 27 October 2026 via checked.be.