EDWY: 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.
EDWY
Largest movements
- Cash +€89,081
up €89,081 (+25.3%), from €351,643 to €440,724
mainly Investment in fixed assets (net) (+€58,202) and Net result for the year (+€56,761)
- Tangible fixed assets -€59,378
down €59,378 (-98.6%), from €60,229 to €850
of which Furniture and vehicles: -€50,943
- Receivables within one year +€39,656
up €39,656 (+209.5%), from €18,928 to €58,584
of which Trade receivables: +€51,072
- Stocks and contracts -€8,613
down €8,613 (-100.0%), from €8,613 to €0
- Deferred charges and accrued income -€8,154
down €8,154 (-56.4%), from €14,460 to €6,307
- Reserves +€56,000
up €56,000 (+15.1%), from €371,085 to €427,085
of which Distributable reserves: +€262,000
- Tax, wage and social debts +€36,171
up €36,171 (+244.3%), from €14,803 to €50,974
of which Taxes: +€40,680
- Trade debts -€27,632
down €27,632 (-86.8%), from €31,826 to €4,194
- Advances received -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Gross operating margin -€98,734
down €98,734 (-29.0%), from €340,072 to €241,338
- Staff costs -€85,560
down €85,560 (-35.8%), from €239,035 to €153,475
- Depreciation -€41,533
down €41,533 (-97.2%), from €42,710 to €1,176
- Taxes +€11,783
up €11,783 (+71.3%), from €16,521 to €28,304
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 | €453,987 | €506,579 | +€52,592 | +11.6% |
| Fixed assets | 21/28 | €60,343 | €964 | -€59,378 | -98.4% |
| Tangible fixed assets | 22/27 | €60,229 | €850 | -€59,378 | -98.6% |
| Plant, machinery and equipment | 23 | €8,849 | €414 | -€8,435 | -95.3% |
| Furniture and vehicles | 24 | €51,379 | €436 | -€50,943 | -99.2% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €393,645 | €505,615 | +€111,970 | +28.4% |
| Stocks and contracts in progress | 3 | €8,613 | €0 | -€8,613 | -100.0% |
| Stocks | 30/36 | €8,613 | €0 | -€8,613 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,928 | €58,584 | +€39,656 | +209.5% |
| Trade receivables | 40 | €1,062 | €52,134 | +€51,072 | +4808.0% |
| Other amounts receivable | 41 | €17,866 | €6,450 | -€11,416 | -63.9% |
| Cash at bank and in hand | 54/58 | €351,643 | €440,724 | +€89,081 | +25.3% |
| Deferred charges and accrued income | 490/1 | €14,460 | €6,307 | -€8,154 | -56.4% |
| Total equity and liabilities | 10/49 | €453,987 | €506,579 | +€52,592 | +11.6% |
| Equity | 10/15 | €392,220 | €447,204 | +€54,984 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,085 | €427,085 | +€56,000 | +15.1% |
| Non-distributable reserves | 130/1 | €206,000 | €0 | -€206,000 | -100.0% |
| Reserves not available under the articles | 1311 | €206,000 | - | -€206,000 | |
| Distributable reserves | 133 | €165,085 | €427,085 | +€262,000 | +158.7% |
| Profit (loss) carried forward | 14 | €1,593 | €1,519 | -€73 | -4.6% |
| Investment grants | 15 | €943 | €0 | -€943 | -100.0% |
| Amounts payable | 17/49 | €61,767 | €59,375 | -€2,392 | -3.9% |
| Amounts payable within one year | 42/48 | €61,767 | €59,375 | -€2,392 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €3,396 | €3,373 | -€22 | -0.7% |
| Trade debts | 44 | €31,826 | €4,194 | -€27,632 | -86.8% |
| Suppliers | 440/4 | €31,826 | €4,194 | -€27,632 | -86.8% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,803 | €50,974 | +€36,171 | +244.3% |
| Taxes | 450/3 | €3,681 | €44,361 | +€40,680 | +1105.1% |
| Remuneration and social security | 454/9 | €11,122 | €6,613 | -€4,509 | -40.5% |
| Other amounts payable | 47/48 | €1,742 | €834 | -€908 | -52.1% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €239,035 | €153,475 | -€85,560 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,710 | €1,176 | -€41,533 | -97.2% |
| Other operating charges | 640/8 | €2,292 | €2,138 | -€154 | -6.7% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €340,072 | €241,338 | -€98,734 | -29.0% |
| Operating profit (loss) | 9901 | €56,036 | €84,548 | +€28,513 | +50.9% |
| Financial income | 75/76B | €964 | €959 | -€5 | -0.5% |
| Recurring financial income | 75 | €964 | €959 | -€5 | -0.5% |
| Financial charges | 65/66B | €534 | €443 | -€91 | -17.0% |
| Recurring financial charges | 65 | €534 | €443 | -€91 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €56,466 | €85,065 | +€28,599 | +50.6% |
| Income taxes | 67/77 | €16,521 | €28,304 | +€11,783 | +71.3% |
| Profit (loss) for the period | 9904 | €39,944 | €56,761 | +€16,816 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,944 | €56,761 | +€16,816 | +42.1% |
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 11 October 2026 via checked.be.