FIRST EDGE: 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.
FIRST EDGE
Largest movements
- Cash +€27,096
up €27,096 (+48.2%), from €56,173 to €83,269
mainly Receivables within one year (+€12,208) and Net result for the year (+€10,010)
- Receivables within one year -€12,208
down €12,208 (-28.2%), from €43,325 to €31,118
of which Trade receivables: -€21,911
- Tangible fixed assets -€6,444
down €6,444 (-18.5%), from €34,792 to €28,348
- Reserves +€6,000
up €6,000 (+30.0%), from €20,000 to €26,000
- Profit (loss) carried forward +€4,010
up €4,010 (+4.1%), from €98,392 to €102,402
- Trade debts -€3,146
down €3,146 (-69.2%), from €4,543 to €1,397
- Tax, wage and social debts +€1,692
up €1,692 (+16.1%), from €10,518 to €12,210
- Gross operating margin +€12,455
up €12,455 (+20.1%), from €61,828 to €74,283
- Financial charges +€4,217
up €4,217 (+9.2%), from €45,831 to €50,048
- Taxes +€2,591
up €2,591 (+150.1%), from €1,726 to €4,317
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 | €141,512 | €150,069 | +€8,557 | +6.0% |
| Fixed assets | 21/28 | €34,792 | €28,348 | -€6,444 | -18.5% |
| Tangible fixed assets | 22/27 | €34,792 | €28,348 | -€6,444 | -18.5% |
| Furniture and vehicles | 24 | €34,792 | €28,348 | -€6,444 | -18.5% |
| Current assets | 29/58 | €106,720 | €121,721 | +€15,001 | +14.1% |
| Stocks and contracts in progress | 3 | €5,395 | €5,395 | = | 0.0% |
| Stocks | 30/36 | €5,395 | €5,395 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,325 | €31,118 | -€12,208 | -28.2% |
| Trade receivables | 40 | €36,256 | €14,346 | -€21,911 | -60.4% |
| Other amounts receivable | 41 | €7,069 | €16,772 | +€9,703 | +137.3% |
| Cash at bank and in hand | 54/58 | €56,173 | €83,269 | +€27,096 | +48.2% |
| Deferred charges and accrued income | 490/1 | €1,827 | €1,940 | +€113 | +6.2% |
| Total equity and liabilities | 10/49 | €141,512 | €150,069 | +€8,557 | +6.0% |
| Equity | 10/15 | €126,452 | €136,462 | +€10,010 | +7.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Distributable reserves | 133 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Profit (loss) carried forward | 14 | €98,392 | €102,402 | +€4,010 | +4.1% |
| Amounts payable | 17/49 | €15,061 | €13,607 | -€1,453 | -9.7% |
| Amounts payable within one year | 42/48 | €15,061 | €13,607 | -€1,453 | -9.7% |
| Trade debts | 44 | €4,543 | €1,397 | -€3,146 | -69.2% |
| Suppliers | 440/4 | €4,543 | €1,397 | -€3,146 | -69.2% |
| Taxes, remuneration and social security | 45 | €10,518 | €12,210 | +€1,692 | +16.1% |
| Taxes | 450/3 | €10,518 | €12,210 | +€1,692 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,252 | €9,679 | +€426 | +4.6% |
| Other operating charges | 640/8 | €562 | €877 | +€315 | +56.0% |
| Gross operating margin | 9900 | €61,828 | €74,283 | +€12,455 | +20.1% |
| Operating profit (loss) | 9901 | €52,013 | €63,727 | +€11,714 | +22.5% |
| Financial income | 75/76B | - | €649 | +€649 | |
| Recurring financial income | 75 | - | €649 | +€649 | |
| Financial charges | 65/66B | €45,831 | €50,048 | +€4,217 | +9.2% |
| Recurring financial charges | 65 | €45,831 | €50,048 | +€4,217 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €6,182 | €14,328 | +€8,146 | +131.8% |
| Income taxes | 67/77 | €1,726 | €4,317 | +€2,591 | +150.1% |
| Profit (loss) for the period | 9904 | €4,456 | €10,010 | +€5,555 | +124.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,456 | €10,010 | +€5,555 | +124.7% |
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 29 September 2026 via checked.be.