EDEBAN: 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.
EDEBAN
Largest movements
- Tangible fixed assets -€172,724
down €172,724 (-27.9%), from €618,736 to €446,012
of which Land and buildings: -€175,533
- Receivables within one year +€102,422
up €102,422 (+59.7%), from €171,455 to €273,877
of which Other amounts receivable: +€117,348
- Cash +€51,102
up €51,102 (+34.1%), from €149,780 to €200,882
mainly Investment in fixed assets (net) (+€159,637) and Net result for the year (+€77,475)
- Debts after one year -€120,565
down €120,565 (-6.7%), from €1.8m to €1.7m
- Reserves +€77,475
up €77,475 (+6.4%), from €1.2m to €1.3m
of which Distributable reserves: +€79,723
- Gross operating margin +€41,651
up €41,651 (+369%), from €11,297 to €52,948
- Taxes +€19,380
up €19,380 (+159%), from €12,158 to €31,537
- Depreciation -€11,018
down €11,018 (-45.7%), from €24,105 to €13,088
- Financial charges -€1,093
down €1,093 (-2.4%), from €45,499 to €44,406
- Financial income -€971
down €971 (-0.8%), from €117,971 to €117,000
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 | €3,650,792 | €3,632,124 | -€18,668 | -0.5% |
| Fixed assets | 21/28 | €627,296 | €454,572 | -€172,724 | -27.5% |
| Tangible fixed assets | 22/27 | €618,736 | €446,012 | -€172,724 | -27.9% |
| Land and buildings | 22 | €615,793 | €440,259 | -€175,533 | -28.5% |
| Plant, machinery and equipment | 23 | €1,948 | €3,228 | +€1,280 | +65.7% |
| Furniture and vehicles | 24 | €996 | €2,524 | +€1,529 | +154% |
| Financial fixed assets | 28 | €8,560 | €8,560 | = | 0.0% |
| Current assets | 29/58 | €3,023,496 | €3,177,552 | +€154,056 | +5.1% |
| Amounts receivable after more than one year | 29 | €2,600,000 | €2,600,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,600,000 | €2,600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,455 | €273,877 | +€102,422 | +59.7% |
| Trade receivables | 40 | €22,082 | €7,157 | -€14,926 | -67.6% |
| Other amounts receivable | 41 | €149,373 | €266,721 | +€117,348 | +78.6% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,780 | €200,882 | +€51,102 | +34.1% |
| Deferred charges and accrued income | 490/1 | €2,260 | €2,792 | +€532 | +23.5% |
| Total equity and liabilities | 10/49 | €3,650,792 | €3,632,124 | -€18,668 | -0.5% |
| Equity | 10/15 | €1,749,044 | €1,826,519 | +€77,475 | +4.4% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €1,209,044 | €1,286,519 | +€77,475 | +6.4% |
| Tax-exempt reserves | 132 | €58,589 | €56,341 | -€2,248 | -3.8% |
| Distributable reserves | 133 | €1,150,455 | €1,230,178 | +€79,723 | +6.9% |
| Provisions and deferred taxes | 16 | €14,647 | €14,085 | -€562 | -3.8% |
| Deferred taxes | 168 | €14,647 | €14,085 | -€562 | -3.8% |
| Amounts payable | 17/49 | €1,887,101 | €1,791,520 | -€95,581 | -5.1% |
| Amounts payable after more than one year | 17 | €1,806,984 | €1,686,419 | -€120,565 | -6.7% |
| Financial debts | 170/4 | €1,806,984 | €1,686,419 | -€120,565 | -6.7% |
| Amounts payable within one year | 42/48 | €77,903 | €101,476 | +€23,573 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €51,645 | €39,716 | -€11,929 | -23.1% |
| Financial debts | 43 | €844 | €1,188 | +€344 | +40.8% |
| Credit institutions | 430/8 | €844 | €1,188 | +€344 | +40.8% |
| Trade debts | 44 | €597 | €554 | -€44 | -7.3% |
| Suppliers | 440/4 | €597 | €554 | -€44 | -7.3% |
| Taxes, remuneration and social security | 45 | €16,910 | €24,980 | +€8,071 | +47.7% |
| Taxes | 450/3 | €16,910 | €24,980 | +€8,071 | +47.7% |
| Other amounts payable | 47/48 | €7,907 | €35,038 | +€27,130 | +343% |
| Accrued charges and deferred income | 492/3 | €2,215 | €3,625 | +€1,410 | +63.7% |
| Non-recurring operating income | 76A | - | €72,255 | +€72,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,105 | €13,088 | -€11,018 | -45.7% |
| Other operating charges | 640/8 | €4,403 | €4,004 | -€398 | -9.0% |
| Gross operating margin | 9900 | €11,297 | €52,948 | +€41,651 | +369% |
| Operating profit (loss) | 9901 | -€17,211 | €35,856 | +€53,067 | |
| Financial income | 75/76B | €117,971 | €117,000 | -€971 | -0.8% |
| Recurring financial income | 75 | €117,971 | €117,000 | -€971 | -0.8% |
| Financial charges | 65/66B | €45,499 | €44,406 | -€1,093 | -2.4% |
| Recurring financial charges | 65 | €45,499 | €44,406 | -€1,093 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €55,261 | €108,450 | +€53,189 | +96.2% |
| Transfer from deferred taxes | 780 | €562 | €562 | = | 0.0% |
| Income taxes | 67/77 | €12,158 | €31,537 | +€19,380 | +159% |
| Profit (loss) for the period | 9904 | €43,666 | €77,475 | +€33,809 | +77.4% |
| Transfer from tax-exempt reserves | 789 | €2,248 | €2,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,914 | €79,723 | +€33,809 | +73.6% |
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 27 October 2026 via checked.be.