EDWIN2WIN: 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.
EDWIN2WIN
Largest movements
- Receivables within one year +€12,123
up €12,123 (+7923.5%), from €153 to €12,276
of which Trade receivables: +€10,530
- Tangible fixed assets +€4,306
new in 2025: €4,306
- Cash -€1,914
down €1,914 (-82.8%), from €2,311 to €397
mainly Net result for the year (-€26,317) and Receivables within one year (-€12,123)
- Other debts +€37,347
up €37,347 (+63.0%), from €59,276 to €96,623
- Profit (loss) carried forward -€26,317
down €26,317 (-30.8%), from -€85,522 to -€111,839
- Trade debts +€2,910
up €2,910 (+1721.9%), from €169 to €3,079
- Tax, wage and social debts +€525
up €525 (+48.1%), from €1,091 to €1,616
- Gross operating margin +€8,668
up €8,668 (+32.0%), from -€27,120 to -€18,452
- Depreciation +€2,153
new in 2025: €2,153
- Financial charges +€1,778
up €1,778 (+47.4%), from €3,751 to €5,529
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 | €2,514 | €16,979 | +€14,465 | +575.4% |
| Fixed assets | 21/28 | €50 | €4,306 | +€4,256 | +8512.0% |
| Tangible fixed assets | 22/27 | - | €4,306 | +€4,306 | |
| Furniture and vehicles | 24 | - | €4,306 | +€4,306 | |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €2,464 | €12,673 | +€10,209 | +414.3% |
| Amounts receivable within one year | 40/41 | €153 | €12,276 | +€12,123 | +7923.5% |
| Trade receivables | 40 | - | €10,530 | +€10,530 | |
| Other amounts receivable | 41 | €153 | €1,746 | +€1,593 | +1041.2% |
| Cash at bank and in hand | 54/58 | €2,311 | €397 | -€1,914 | -82.8% |
| Total equity and liabilities | 10/49 | €2,514 | €16,979 | +€14,465 | +575.4% |
| Equity | 10/15 | -€58,022 | -€84,339 | -€26,317 | -45.4% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Outside capital | 11 | €27,500 | €27,500 | = | 0.0% |
| Share premium | 1100/10 | - | €27,500 | +€27,500 | |
| Other | 1109/19 | €27,500 | - | -€27,500 | |
| Profit (loss) carried forward | 14 | -€85,522 | -€111,839 | -€26,317 | -30.8% |
| Amounts payable | 17/49 | €60,536 | €101,318 | +€40,782 | +67.4% |
| Amounts payable within one year | 42/48 | €60,536 | €101,318 | +€40,782 | +67.4% |
| Trade debts | 44 | €169 | €3,079 | +€2,910 | +1721.9% |
| Suppliers | 440/4 | €169 | €3,079 | +€2,910 | +1721.9% |
| Taxes, remuneration and social security | 45 | €1,091 | €1,616 | +€525 | +48.1% |
| Taxes | 450/3 | €1,091 | €1,616 | +€525 | +48.1% |
| Other amounts payable | 47/48 | €59,276 | €96,623 | +€37,347 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,153 | +€2,153 | |
| Other operating charges | 640/8 | €4 | €187 | +€183 | +4575.0% |
| Gross operating margin | 9900 | -€27,120 | -€18,452 | +€8,668 | +32.0% |
| Operating profit (loss) | 9901 | -€27,124 | -€20,792 | +€6,332 | +23.3% |
| Financial income | 75/76B | €47 | €4 | -€43 | -91.5% |
| Recurring financial income | 75 | €47 | €4 | -€43 | -91.5% |
| Financial charges | 65/66B | €3,751 | €5,529 | +€1,778 | +47.4% |
| Recurring financial charges | 65 | €3,751 | €5,529 | +€1,778 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,828 | -€26,317 | +€4,511 | +14.6% |
| Profit (loss) for the period | 9904 | -€30,828 | -€26,317 | +€4,511 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,828 | -€26,317 | +€4,511 | +14.6% |
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 5 October 2026 via checked.be.