EDML: what changed
EDML
Largest movements
- Tangible fixed assets +€187,183
up €187,183 (+128%), from €146,356 to €333,539
of which Other tangible fixed assets: +€176,160
- Cash -€94,829
down €94,829 (-57.5%), from €164,798 to €69,968
mainly Investment in fixed assets (net) (-€232,591) and Current investments (-€45,509)
- Current investments +€45,509
up €45,509 (+16.1%), from €282,655 to €328,164
- Financial fixed assets +€29,696
up €29,696 (+6.3%), from €471,702 to €501,399
- Profit (loss) carried forward +€167,948
up €167,948 (+58.6%), from €286,566 to €454,514
- Accrued charges and deferred income +€15,201
up €15,201 (+1,520%), from €1,000 to €16,201
- Trade debts -€14,049
down €14,049 (-30.2%), from €46,555 to €32,506
- Debts after one year +€13,244
up €13,244 (+3.1%), from €425,786 to €439,029
of which Financial debts: +€74,353
- Gross operating margin +€65,633
up €65,633 (+47.1%), from €139,350 to €204,983
- Financial income +€5,508
up €5,508 (+19.5%), from €28,222 to €33,730
- Taxes -€3,322
down €3,322 (-10.2%), from €32,505 to €29,183
- Financial charges +€2,492
up €2,492 (+12.4%), from €20,022 to €22,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,130,786 | €1,310,709 | +€179,924 | +15.9% |
| Fixed assets | 21/28 | €618,059 | €834,938 | +€216,879 | +35.1% |
| Tangible fixed assets | 22/27 | €146,356 | €333,539 | +€187,183 | +128% |
| Furniture and vehicles | 24 | €52,422 | €998 | -€51,424 | -98.1% |
| Other tangible fixed assets | 26 | - | €176,160 | +€176,160 | |
| Assets under construction and advance payments | 27 | €93,934 | €156,381 | +€62,447 | +66.5% |
| Financial fixed assets | 28 | €471,702 | €501,399 | +€29,696 | +6.3% |
| Current assets | 29/58 | €512,727 | €475,772 | -€36,955 | -7.2% |
| Amounts receivable within one year | 40/41 | €65,208 | €75,152 | +€9,944 | +15.2% |
| Trade receivables | 40 | €25,811 | €66,614 | +€40,803 | +158% |
| Other amounts receivable | 41 | €39,397 | €8,538 | -€30,859 | -78.3% |
| Current investments | 50/53 | €282,655 | €328,164 | +€45,509 | +16.1% |
| Cash at bank and in hand | 54/58 | €164,798 | €69,968 | -€94,829 | -57.5% |
| Deferred charges and accrued income | 490/1 | €66 | €2,488 | +€2,422 | +3,671% |
| Total equity and liabilities | 10/49 | €1,130,786 | €1,310,709 | +€179,924 | +15.9% |
| Equity | 10/15 | €630,323 | €798,271 | +€167,948 | +26.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €323,297 | €323,297 | = | 0.0% |
| Distributable reserves | 133 | €323,297 | €323,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,566 | €454,514 | +€167,948 | +58.6% |
| Amounts payable | 17/49 | €500,463 | €512,438 | +€11,976 | +2.4% |
| Amounts payable after more than one year | 17 | €425,786 | €439,029 | +€13,244 | +3.1% |
| Financial debts | 170/4 | €36,495 | €110,848 | +€74,353 | +204% |
| Other amounts payable | 178/9 | €389,291 | €328,182 | -€61,109 | -15.7% |
| Amounts payable within one year | 42/48 | €73,677 | €57,208 | -€16,469 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €10,786 | - | -€10,786 | |
| Trade debts | 44 | €46,555 | €32,506 | -€14,049 | -30.2% |
| Suppliers | 440/4 | €46,555 | €32,506 | -€14,049 | -30.2% |
| Taxes, remuneration and social security | 45 | €2,662 | €6,173 | +€3,511 | +132% |
| Taxes | 450/3 | €2,662 | €6,173 | +€3,511 | +132% |
| Other amounts payable | 47/48 | €13,674 | €18,529 | +€4,855 | +35.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €16,201 | +€15,201 | +1,520% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,099 | €15,713 | +€614 | +4.1% |
| Other operating charges | 640/8 | €3,396 | €3,356 | -€40 | -1.2% |
| Gross operating margin | 9900 | €139,350 | €204,983 | +€65,633 | +47.1% |
| Operating profit (loss) | 9901 | €120,856 | €185,915 | +€65,059 | +53.8% |
| Financial income | 75/76B | €28,222 | €33,730 | +€5,508 | +19.5% |
| Recurring financial income | 75 | €28,222 | €33,730 | +€5,508 | +19.5% |
| Financial charges | 65/66B | €20,022 | €22,514 | +€2,492 | +12.4% |
| Recurring financial charges | 65 | €20,022 | €22,514 | +€2,492 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €129,056 | €197,131 | +€68,075 | +52.7% |
| Income taxes | 67/77 | €32,505 | €29,183 | -€3,322 | -10.2% |
| Profit (loss) for the period | 9904 | €96,551 | €167,948 | +€71,397 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,551 | €167,948 | +€71,397 | +73.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.