Edroga: 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.
Edroga
Largest movements
- Cash -€6,844
down €6,844 (-54.2%), from €12,636 to €5,792
mainly Net result for the year (-€8,034) and Investment in fixed assets (net) (-€5,697)
- Tangible fixed assets +€3,702
up €3,702 (+44.5%), from €8,320 to €12,022
of which Plant, machinery and equipment: +€3,791
- Receivables within one year -€2,689
down €2,689 (-71.6%), from €3,754 to €1,065
of which Trade receivables: -€2,805
- Reserves -€8,034
down €8,034 (-75.9%), from €10,588 to €2,554
- Other debts +€2,158
up €2,158 (+15.3%), from €14,086 to €16,245
- Gross operating margin -€20,679
down €20,679, from €18,511 to -€2,169
- Taxes -€3,692
down €3,692, from €3,668 to -€24
- Financial charges +€2,503
up €2,503 (+3,406%), from €74 to €2,577
of which Non-recurring financial charges: +€2,551
- Other operating charges +€553
up €553 (+72.2%), from €765 to €1,318
- Depreciation -€281
down €281 (-12.4%), from €2,276 to €1,994
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 | €29,709 | €23,879 | -€5,830 | -19.6% |
| Fixed assets | 21/28 | €13,320 | €17,022 | +€3,702 | +27.8% |
| Tangible fixed assets | 22/27 | €8,320 | €12,022 | +€3,702 | +44.5% |
| Plant, machinery and equipment | 23 | €2,531 | €6,322 | +€3,791 | +150% |
| Furniture and vehicles | 24 | €5,789 | €5,700 | -€88 | -1.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €16,390 | €6,857 | -€9,533 | -58.2% |
| Amounts receivable within one year | 40/41 | €3,754 | €1,065 | -€2,689 | -71.6% |
| Trade receivables | 40 | €2,805 | - | -€2,805 | |
| Other amounts receivable | 41 | €949 | €1,065 | +€116 | +12.2% |
| Cash at bank and in hand | 54/58 | €12,636 | €5,792 | -€6,844 | -54.2% |
| Total equity and liabilities | 10/49 | €29,709 | €23,879 | -€5,830 | -19.6% |
| Equity | 10/15 | €15,588 | €7,554 | -€8,034 | -51.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,588 | €2,554 | -€8,034 | -75.9% |
| Distributable reserves | 133 | €10,588 | €2,554 | -€8,034 | -75.9% |
| Amounts payable | 17/49 | €14,122 | €16,326 | +€2,204 | +15.6% |
| Amounts payable within one year | 42/48 | €14,122 | €16,326 | +€2,204 | +15.6% |
| Trade debts | 44 | €36 | - | -€36 | |
| Suppliers | 440/4 | €36 | - | -€36 | |
| Taxes, remuneration and social security | 45 | - | €81 | +€81 | |
| Taxes | 450/3 | - | €81 | +€81 | |
| Other amounts payable | 47/48 | €14,086 | €16,245 | +€2,158 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,276 | €1,994 | -€281 | -12.4% |
| Other operating charges | 640/8 | €765 | €1,318 | +€553 | +72.2% |
| Gross operating margin | 9900 | €18,511 | -€2,169 | -€20,679 | |
| Operating profit (loss) | 9901 | €15,469 | -€5,481 | -€20,951 | |
| Financial charges | 65/66B | €74 | €2,577 | +€2,503 | +3,406% |
| Recurring financial charges | 65 | €74 | €26 | -€47 | -64.6% |
| Non-recurring financial charges | 66B | - | €2,551 | +€2,551 | |
| Profit (loss) for the period before taxes | 9903 | €15,396 | -€8,058 | -€23,454 | |
| Income taxes | 67/77 | €3,668 | -€24 | -€3,692 | |
| Profit (loss) for the period | 9904 | €11,728 | -€8,034 | -€19,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,728 | -€8,034 | -€19,762 |
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 31 October 2026 via checked.be.