L'Edile: 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.
What changed
L'Edile
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,042
2024 · -€4,236+€5,278
Equity
€136,889
2024 · €135,847+€1,042
Cash
€747
2024 · €864-€117
Balance sheet total
€224,900
2024 · €187,652+€37,249
Largest movements
Assets
- Receivables within one year +€39,428
up €39,428 (+21.7%), from €181,336 to €220,764
of which Trade receivables: +€34,355
Equity and liabilities
- Trade debts +€39,018
up €39,018 (+577%), from €6,764 to €45,781
Income statement
- Turnover +€35,542
up €35,542 (+19.7%), from €180,026 to €215,569
- Purchases and services +€34,834
up €34,834 (+120%), from €29,102 to €63,936
- Depreciation -€4,100
down €4,100 (-59.6%), from €6,879 to €2,778
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.
Result 2024
-€4,236
Gross operating margin
+€1,389
Staff costs
+€106
Depreciation
+€4,100
Other operating charges
+€1,099
Financial income
-€1,425
Financial charges
+€8
Result 2025
€1,042
raises the resultlowers the result
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.
From operations
+€1,707
Investment
-€773
Financing
-€1,051
Cash 2024
€864
From operations (derived)
+€1,707
Net result for the year
+€1,042
Depreciation
+€2,778
Receivables within one year
-€39,428
Deferred charges and accrued income
+€58
Trade debts
+€39,018
Tax, wage and social debts
-€1,760
Investment (derived)
-€773
Investment in fixed assets (net)
-€773
Financing
-€1,051
Current portion of long-term debt
-€1,051
Cash 2025
€747
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,652 | €224,900 | +€37,249 | +19.8% |
| Fixed assets | 21/28 | €3,563 | €1,558 | -€2,005 | -56.3% |
| Tangible fixed assets | 22/27 | €3,200 | €1,195 | -€2,005 | -62.7% |
| Furniture and vehicles | 24 | €2,813 | €1,195 | -€1,618 | -57.5% |
| Leasing and similar rights | 25 | €388 | - | -€388 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €184,088 | €223,342 | +€39,254 | +21.3% |
| Amounts receivable within one year | 40/41 | €181,336 | €220,764 | +€39,428 | +21.7% |
| Trade receivables | 40 | €61,263 | €95,619 | +€34,355 | +56.1% |
| Other amounts receivable | 41 | €120,072 | €125,146 | +€5,073 | +4.2% |
| Cash at bank and in hand | 54/58 | €864 | €747 | -€117 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,888 | €1,831 | -€58 | -3.1% |
| Total equity and liabilities | 10/49 | €187,652 | €224,900 | +€37,249 | +19.8% |
| Equity | 10/15 | €135,847 | €136,889 | +€1,042 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,197 | €69,239 | +€1,042 | +1.5% |
| Amounts payable | 17/49 | €51,805 | €88,011 | +€36,207 | +69.9% |
| Amounts payable within one year | 42/48 | €51,805 | €88,011 | +€36,207 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €1,051 | - | -€1,051 | |
| Trade debts | 44 | €6,764 | €45,781 | +€39,018 | +577% |
| Suppliers | 440/4 | €6,764 | €45,781 | +€39,018 | +577% |
| Taxes, remuneration and social security | 45 | €43,990 | €42,230 | -€1,760 | -4.0% |
| Taxes | 450/3 | €18,947 | €19,005 | +€58 | +0.3% |
| Remuneration and social security | 454/9 | €25,044 | €23,226 | -€1,818 | -7.3% |
| Turnover | 70 | €180,026 | €215,569 | +€35,542 | +19.7% |
| Non-recurring operating income | 76A | - | €681 | +€681 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,102 | €63,936 | +€34,834 | +120% |
| Remuneration, social security and pensions | 62 | €152,409 | €152,304 | -€106 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,879 | €2,778 | -€4,100 | -59.6% |
| Other operating charges | 640/8 | €2,032 | €933 | -€1,099 | -54.1% |
| Gross operating margin | 9900 | €150,925 | €152,314 | +€1,389 | +0.9% |
| Operating profit (loss) | 9901 | -€10,396 | -€3,701 | +€6,695 | +64.4% |
| Financial income | 75/76B | €6,572 | €5,148 | -€1,425 | -21.7% |
| Recurring financial income | 75 | €6,572 | €5,148 | -€1,425 | -21.7% |
| Financial charges | 65/66B | €412 | €404 | -€8 | -1.9% |
| Recurring financial charges | 65 | €412 | €404 | -€8 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,236 | €1,042 | +€5,278 | |
| Profit (loss) for the period | 9904 | -€4,236 | €1,042 | +€5,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,236 | €1,042 | +€5,278 |
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 21 October 2026 via checked.be.