END-TECH: 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.
END-TECH
Largest movements
- Receivables within one year -€11,623
down €11,623 (-5.2%), from €222,867 to €211,244
of which Trade receivables: -€8,093
- Tangible fixed assets -€6,737
down €6,737 (-50.3%), from €13,404 to €6,667
of which Furniture and vehicles: -€9,936
- Deferred charges and accrued income -€6,010
no longer reported in 2025 (was €6,010)
- Short-term financial debts -€18,805
down €18,805 (-76.5%), from €24,579 to €5,773
- Debts after one year -€13,897
down €13,897 (-31.0%), from €44,876 to €30,979
- Trade debts +€8,002
up €8,002 (+25.6%), from €31,242 to €39,244
- Tax, wage and social debts -€5,223
down €5,223 (-94.8%), from €5,509 to €286
of which Taxes: -€5,509
- Current portion of long-term debt +€3,135
up €3,135 (+19.7%), from €15,913 to €19,048
- Purchases and services +€105,968
up €105,968 (+53.9%), from €196,653 to €302,620
- Turnover +€62,503
up €62,503 (+24.8%), from €251,776 to €314,279
- Gross operating margin -€33,225
down €33,225 (-60.3%), from €55,124 to €21,899
- Other operating charges -€24,207
down €24,207 (-88.2%), from €27,450 to €3,243
- Depreciation -€6,121
down €6,121 (-37.0%), from €16,551 to €10,430
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 | €244,766 | €218,291 | -€26,475 | -10.8% |
| Fixed assets | 21/28 | €13,784 | €7,047 | -€6,737 | -48.9% |
| Tangible fixed assets | 22/27 | €13,404 | €6,667 | -€6,737 | -50.3% |
| Plant, machinery and equipment | 23 | - | €3,199 | +€3,199 | |
| Furniture and vehicles | 24 | €13,404 | €3,468 | -€9,936 | -74.1% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €230,982 | €211,244 | -€19,738 | -8.5% |
| Amounts receivable within one year | 40/41 | €222,867 | €211,244 | -€11,623 | -5.2% |
| Trade receivables | 40 | €148,484 | €140,391 | -€8,093 | -5.5% |
| Other amounts receivable | 41 | €74,384 | €70,853 | -€3,530 | -4.7% |
| Cash at bank and in hand | 54/58 | €2,105 | - | -€2,105 | |
| Deferred charges and accrued income | 490/1 | €6,010 | - | -€6,010 | |
| Total equity and liabilities | 10/49 | €244,766 | €218,291 | -€26,475 | -10.8% |
| Equity | 10/15 | €122,327 | €122,641 | +€313 | +0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €9,899 | €9,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €893 | €893 | = | 0.0% |
| Reserves not available under the articles | 1311 | €893 | €893 | = | 0.0% |
| Distributable reserves | 133 | €9,006 | €9,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,428 | €109,742 | +€313 | +0.3% |
| Amounts payable | 17/49 | €122,438 | €95,650 | -€26,789 | -21.9% |
| Amounts payable after more than one year | 17 | €44,876 | €30,979 | -€13,897 | -31.0% |
| Financial debts | 170/4 | €44,876 | €30,979 | -€13,897 | -31.0% |
| Amounts payable within one year | 42/48 | €77,562 | €64,671 | -€12,892 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €15,913 | €19,048 | +€3,135 | +19.7% |
| Financial debts | 43 | €24,579 | €5,773 | -€18,805 | -76.5% |
| Credit institutions | 430/8 | €24,579 | €5,773 | -€18,805 | -76.5% |
| Trade debts | 44 | €31,242 | €39,244 | +€8,002 | +25.6% |
| Suppliers | 440/4 | €31,242 | €39,244 | +€8,002 | +25.6% |
| Taxes, remuneration and social security | 45 | €5,509 | €286 | -€5,223 | -94.8% |
| Taxes | 450/3 | €5,509 | - | -€5,509 | |
| Remuneration and social security | 454/9 | - | €286 | +€286 | |
| Other amounts payable | 47/48 | €320 | €320 | = | 0.0% |
| Turnover | 70 | €251,776 | €314,279 | +€62,503 | +24.8% |
| Non-recurring operating income | 76A | €7,510 | €10,240 | +€2,730 | +36.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €196,653 | €302,620 | +€105,968 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,551 | €10,430 | -€6,121 | -37.0% |
| Other operating charges | 640/8 | €27,450 | €3,243 | -€24,207 | -88.2% |
| Gross operating margin | 9900 | €55,124 | €21,899 | -€33,225 | -60.3% |
| Operating profit (loss) | 9901 | €11,122 | €8,226 | -€2,896 | -26.0% |
| Financial charges | 65/66B | €2,336 | €7,452 | +€5,116 | +219.0% |
| Recurring financial charges | 65 | €2,336 | €7,452 | +€5,116 | +219.0% |
| Profit (loss) for the period before taxes | 9903 | €8,786 | €774 | -€8,012 | -91.2% |
| Income taxes | 67/77 | - | €551 | +€551 | |
| Profit (loss) for the period | 9904 | €8,786 | €223 | -€8,563 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,786 | €223 | -€8,563 | -97.5% |
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 12 October 2026 via checked.be.