NEW EDELWEISS: 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.
NEW EDELWEISS
Largest movements
- Tangible fixed assets -€11,229
down €11,229 (-2.1%), from €538,164 to €526,935
of which Land and buildings: -€13,748
- Profit (loss) carried forward +€25,282
up €25,282 (+55.7%), from €45,370 to €70,652
- Debts after one year -€25,253
down €25,253 (-7.5%), from €334,770 to €309,517
of which Financial debts: -€25,253
- Gross operating margin -€13,106
down €13,106 (-21.2%), from €61,874 to €48,768
- Taxes -€3,965
down €3,965 (-28.4%), from €13,965 to €10,000
- Financial charges +€3,009
up €3,009 (+73.3%), from €4,102 to €7,110
- Depreciation +€672
up €672 (+4.7%), from €14,357 to €15,029
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 | €702,823 | €689,915 | -€12,909 | -1.8% |
| Fixed assets | 21/28 | €538,164 | €526,935 | -€11,229 | -2.1% |
| Tangible fixed assets | 22/27 | €538,164 | €526,935 | -€11,229 | -2.1% |
| Land and buildings | 22 | €535,046 | €521,298 | -€13,748 | -2.6% |
| Furniture and vehicles | 24 | €3,118 | €5,637 | +€2,519 | +80.8% |
| Current assets | 29/58 | €164,659 | €162,979 | -€1,680 | -1.0% |
| Amounts receivable within one year | 40/41 | €158,012 | €160,169 | +€2,157 | +1.4% |
| Trade receivables | 40 | €9,075 | €9,485 | +€410 | +4.5% |
| Other amounts receivable | 41 | €148,937 | €150,684 | +€1,747 | +1.2% |
| Cash at bank and in hand | 54/58 | €6,647 | €2,811 | -€3,837 | -57.7% |
| Total equity and liabilities | 10/49 | €702,823 | €689,915 | -€12,909 | -1.8% |
| Equity | 10/15 | €267,192 | €285,501 | +€18,308 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €203,230 | €196,257 | -€6,974 | -3.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,371 | €194,398 | -€6,974 | -3.5% |
| Profit (loss) carried forward | 14 | €45,370 | €70,652 | +€25,282 | +55.7% |
| Provisions and deferred taxes | 16 | €67,124 | €64,799 | -€2,325 | -3.5% |
| Deferred taxes | 168 | €67,124 | €64,799 | -€2,325 | -3.5% |
| Amounts payable | 17/49 | €368,507 | €339,615 | -€28,892 | -7.8% |
| Amounts payable after more than one year | 17 | €334,770 | €309,517 | -€25,253 | -7.5% |
| Financial debts | 170/4 | €259,770 | €234,517 | -€25,253 | -9.7% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,737 | €30,098 | -€3,640 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €25,048 | €25,253 | +€205 | +0.8% |
| Taxes, remuneration and social security | 45 | €3,965 | - | -€3,965 | |
| Taxes | 450/3 | €3,965 | - | -€3,965 | |
| Other amounts payable | 47/48 | €4,725 | €4,845 | +€120 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,357 | €15,029 | +€672 | +4.7% |
| Other operating charges | 640/8 | €3,032 | €3,127 | +€95 | +3.1% |
| Gross operating margin | 9900 | €61,874 | €48,768 | -€13,106 | -21.2% |
| Operating profit (loss) | 9901 | €44,484 | €30,612 | -€13,873 | -31.2% |
| Financial income | 75/76B | €2,594 | €2,482 | -€111 | -4.3% |
| Recurring financial income | 75 | €2,594 | €2,482 | -€111 | -4.3% |
| Non-recurring financial income | 76B | €2,594 | €2,482 | -€111 | -4.3% |
| Financial charges | 65/66B | €4,102 | €7,110 | +€3,009 | +73.3% |
| Recurring financial charges | 65 | €4,102 | €7,110 | +€3,009 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €42,976 | €25,983 | -€16,993 | -39.5% |
| Transfer from deferred taxes | 780 | €2,325 | €2,325 | = | 0.0% |
| Income taxes | 67/77 | €13,965 | €10,000 | -€3,965 | -28.4% |
| Profit (loss) for the period | 9904 | €31,336 | €18,308 | -€13,028 | -41.6% |
| Transfer from tax-exempt reserves | 789 | €6,974 | €6,974 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,309 | €25,282 | -€13,028 | -34.0% |
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 29 October 2026 via checked.be.