ENDARE: 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.
What changed
ENDARE
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,274
2024 · €13,487-€14,760
Equity
€553,352
2024 · €554,626-€1,274
Cash
€239,836
2024 · €450,789-€210,953
Balance sheet total
€1.0m
2024 · €1.1m-€69,838
Largest movements
Assets
- Cash -€210,953
down €210,953 (-46.8%), from €450,789 to €239,836
mainly Receivables within one year (-€146,627) and Trade debts (-€103,387)
- Receivables within one year +€146,627
up €146,627 (+25.7%), from €569,826 to €716,452
of which Trade receivables: +€149,455
Equity and liabilities
- Trade debts -€103,387
down €103,387 (-32.9%), from €314,283 to €210,896
- Tax, wage and social debts +€22,924
up €22,924 (+13.4%), from €170,466 to €193,390
of which Taxes: +€30,814
Income statement
- Staff costs -€67,747
down €67,747 (-4.4%), from €1.5m to €1.5m
- Gross operating margin -€56,762
down €56,762 (-3.6%), from €1.6m to €1.5m
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.
Result 2024
€13,487
Gross operating margin
-€56,762
Staff costs
+€67,747
Depreciation
-€14,346
Other operating charges
+€428
Financial income
-€2,119
Financial charges
-€1,273
Taxes
-€8,435
Result 2025
-€1,274
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.
From operations
-€197,789
Investment
-€24,998
Financing
+€11,834
Cash 2024
€450,789
From operations (derived)
-€197,789
Net result for the year
-€1,274
Depreciation
+€30,511
Receivables within one year
-€146,627
Trade debts
-€103,387
Tax, wage and social debts
+€22,924
Accrued charges and deferred income
+€64
Investment (derived)
-€24,998
Investment in fixed assets (net)
-€24,998
Financing
+€11,834
Debts after one year
+€5,181
Current portion of long-term debt
+€6,675
Short-term financial debts
-€22
Cash 2025
€239,836
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,973 | €1,001,135 | -€69,838 | -6.5% |
| Fixed assets | 21/28 | €50,359 | €44,847 | -€5,512 | -10.9% |
| Intangible fixed assets | 21 | €10,169 | €0 | -€10,169 | -100.0% |
| Tangible fixed assets | 22/27 | €39,649 | €44,307 | +€4,657 | +11.7% |
| Plant, machinery and equipment | 23 | €28 | €0 | -€28 | -100.0% |
| Furniture and vehicles | 24 | €39,621 | €44,307 | +€4,685 | +11.8% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €1,020,614 | €956,288 | -€64,326 | -6.3% |
| Amounts receivable within one year | 40/41 | €569,826 | €716,452 | +€146,627 | +25.7% |
| Trade receivables | 40 | €558,300 | €707,756 | +€149,455 | +26.8% |
| Other amounts receivable | 41 | €11,525 | €8,697 | -€2,828 | -24.5% |
| Cash at bank and in hand | 54/58 | €450,789 | €239,836 | -€210,953 | -46.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,070,973 | €1,001,135 | -€69,838 | -6.5% |
| Equity | 10/15 | €554,626 | €553,352 | -€1,274 | -0.2% |
| Contributions | 10/11 | €68,433 | €68,433 | = | 0.0% |
| Reserves | 13 | €6,843 | €6,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,843 | €6,843 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,843 | €6,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €479,349 | €478,075 | -€1,274 | -0.3% |
| Amounts payable | 17/49 | €516,347 | €447,783 | -€68,565 | -13.3% |
| Amounts payable after more than one year | 17 | €23,592 | €28,773 | +€5,181 | +22.0% |
| Financial debts | 170/4 | €23,592 | €28,773 | +€5,181 | +22.0% |
| Amounts payable within one year | 42/48 | €492,755 | €418,946 | -€73,809 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €5,408 | €12,083 | +€6,675 | +123.4% |
| Financial debts | 43 | €2,567 | €2,545 | -€22 | -0.8% |
| Credit institutions | 430/8 | €2,567 | €2,545 | -€22 | -0.8% |
| Trade debts | 44 | €314,283 | €210,896 | -€103,387 | -32.9% |
| Suppliers | 440/4 | €314,283 | €210,896 | -€103,387 | -32.9% |
| Taxes, remuneration and social security | 45 | €170,466 | €193,390 | +€22,924 | +13.4% |
| Taxes | 450/3 | €24,493 | €55,308 | +€30,814 | +125.8% |
| Remuneration and social security | 454/9 | €145,973 | €138,083 | -€7,890 | -5.4% |
| Other amounts payable | 47/48 | €31 | €31 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €64 | +€64 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,544,876 | €1,477,129 | -€67,747 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,165 | €30,511 | +€14,346 | +88.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,571 | €1,143 | -€428 | -27.3% |
| Gross operating margin | 9900 | €1,587,092 | €1,530,330 | -€56,762 | -3.6% |
| Operating profit (loss) | 9901 | €24,481 | €21,547 | -€2,933 | -12.0% |
| Financial income | 75/76B | €2,135 | €16 | -€2,119 | -99.3% |
| Recurring financial income | 75 | €2,135 | €16 | -€2,119 | -99.3% |
| Financial charges | 65/66B | €1,826 | €3,098 | +€1,273 | +69.7% |
| Recurring financial charges | 65 | €1,826 | €3,098 | +€1,273 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €24,790 | €18,465 | -€6,325 | -25.5% |
| Income taxes | 67/77 | €11,303 | €19,739 | +€8,435 | +74.6% |
| Profit (loss) for the period | 9904 | €13,487 | -€1,274 | -€14,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,487 | -€1,274 | -€14,760 |
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 7 October 2026 via checked.be.