DC-ENDO: what changed
Two fiscal 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.
DC-ENDO
Largest movements
- Receivables within one year +€24,837
up €24,837 (+107.2%), from €23,167 to €48,004
of which Other amounts receivable: +€14,069
- Cash +€23,819
up €23,819 (+83.3%), from €28,603 to €52,422
mainly Other debts (+€85,000) and Net result for the year (+€57,180)
- Tangible fixed assets -€11,317
down €11,317 (-22.4%), from €50,576 to €39,259
- Other debts +€85,000
new in 2025: €85,000
- Profit (loss) carried forward -€27,820
down €27,820 (-62.6%), from €44,472 to €16,652
- Debts after one year -€10,254
down €10,254 (-29.5%), from €34,747 to €24,494
- Tax, wage and social debts -€8,042
down €8,042 (-79.3%), from €10,138 to €2,096
of which Taxes: -€4,870
- Gross operating margin -€25,448
down €25,448 (-24.4%), from €104,263 to €78,815
- Taxes -€20,677
down €20,677 (-83.1%), from €24,870 to €4,192
- Financial charges +€2,545
up €2,545 (+182.9%), from €1,392 to €3,937
of which Non-recurring financial charges: +€2,347
- Depreciation +€2,320
up €2,320 (+22.0%), from €10,559 to €12,880
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.
Cash bridge derived
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 | €102,999 | €140,441 | +€37,442 | +36.4% |
| Fixed assets | 21/28 | €50,576 | €39,259 | -€11,317 | -22.4% |
| Tangible fixed assets | 22/27 | €50,576 | €39,259 | -€11,317 | -22.4% |
| Furniture and vehicles | 24 | €50,576 | €39,259 | -€11,317 | -22.4% |
| Current assets | 29/58 | €52,422 | €101,181 | +€48,759 | +93.0% |
| Amounts receivable within one year | 40/41 | €23,167 | €48,004 | +€24,837 | +107.2% |
| Trade receivables | 40 | €22,722 | €33,489 | +€10,768 | +47.4% |
| Other amounts receivable | 41 | €446 | €14,515 | +€14,069 | +3155.1% |
| Cash at bank and in hand | 54/58 | €28,603 | €52,422 | +€23,819 | +83.3% |
| Deferred charges and accrued income | 490/1 | €652 | €755 | +€103 | +15.8% |
| Total equity and liabilities | 10/49 | €102,999 | €140,441 | +€37,442 | +36.4% |
| Equity | 10/15 | €45,472 | €17,652 | -€27,820 | -61.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,472 | €16,652 | -€27,820 | -62.6% |
| Amounts payable | 17/49 | €57,527 | €122,789 | +€65,262 | +113.4% |
| Amounts payable after more than one year | 17 | €34,747 | €24,494 | -€10,254 | -29.5% |
| Financial debts | 170/4 | €34,747 | €24,494 | -€10,254 | -29.5% |
| Amounts payable within one year | 42/48 | €22,230 | €98,296 | +€76,066 | +342.2% |
| Current portion of amounts payable after more than one year | 42 | €9,879 | €10,254 | +€375 | +3.8% |
| Financial debts | 43 | €1,221 | - | -€1,221 | |
| Credit institutions | 430/8 | €1,221 | - | -€1,221 | |
| Trade debts | 44 | €991 | €946 | -€45 | -4.6% |
| Suppliers | 440/4 | €991 | €946 | -€45 | -4.6% |
| Taxes, remuneration and social security | 45 | €10,138 | €2,096 | -€8,042 | -79.3% |
| Taxes | 450/3 | €6,870 | €2,000 | -€4,870 | -70.9% |
| Remuneration and social security | 454/9 | €3,268 | €96 | -€3,172 | -97.1% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Non-recurring operating income | 76A | €21,116 | €100 | -€21,016 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,559 | €12,880 | +€2,320 | +22.0% |
| Other operating charges | 640/8 | €1,105 | €483 | -€621 | -56.2% |
| Non-recurring operating charges | 66A | €21,866 | €143 | -€21,723 | -99.3% |
| Gross operating margin | 9900 | €104,263 | €78,815 | -€25,448 | -24.4% |
| Operating profit (loss) | 9901 | €70,733 | €65,309 | -€5,424 | -7.7% |
| Financial charges | 65/66B | €1,392 | €3,937 | +€2,545 | +182.9% |
| Recurring financial charges | 65 | €1,392 | €1,590 | +€199 | +14.3% |
| Non-recurring financial charges | 66B | - | €2,347 | +€2,347 | |
| Profit (loss) for the period before taxes | 9903 | €69,342 | €61,372 | -€7,970 | -11.5% |
| Income taxes | 67/77 | €24,870 | €4,192 | -€20,677 | -83.1% |
| Profit (loss) for the period | 9904 | €44,472 | €57,180 | +€12,708 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,472 | €57,180 | +€12,708 | +28.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.