ENDEA: 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.
ENDEA
Largest movements
- Cash -€147,655
down €147,655 (-27.2%), from €543,814 to €396,159
mainly Investment in fixed assets (net) (-€161,868) and Tax, wage and social debts (-€38,075)
- Tangible fixed assets +€122,706
up €122,706 (+119.9%), from €102,349 to €225,056
of which Plant, machinery and equipment: +€143,816
- Deferred charges and accrued income +€34,382
up €34,382 (+1717.7%), from €2,002 to €36,383
- Tax, wage and social debts -€38,075
down €38,075 (-58.9%), from €64,650 to €26,575
- Other debts +€27,267
up €27,267 (+11.8%), from €230,418 to €257,684
- Trade debts +€12,816
up €12,816 (+640.3%), from €2,002 to €14,817
- Gross operating margin -€88,597
down €88,597 (-61.7%), from €143,589 to €54,992
- Taxes -€30,384
down €30,384 (-94.2%), from €32,242 to €1,859
- Depreciation +€9,942
up €9,942 (+34.0%), from €29,219 to €39,161
- Financial charges +€1,903
up €1,903 (+977.2%), from €195 to €2,098
of which Financial charges: +€1,998
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,094 | €681,195 | +€9,101 | +1.4% |
| Fixed assets | 21/28 | €102,349 | €225,056 | +€122,706 | +119.9% |
| Tangible fixed assets | 22/27 | €102,349 | €225,056 | +€122,706 | +119.9% |
| Plant, machinery and equipment | 23 | - | €143,816 | +€143,816 | |
| Furniture and vehicles | 24 | €49,288 | €37,500 | -€11,788 | -23.9% |
| Assets under construction and advance payments | 27 | €53,061 | €43,739 | -€9,322 | -17.6% |
| Current assets | 29/58 | €569,745 | €456,139 | -€113,605 | -19.9% |
| Stocks and contracts in progress | 3 | €6,615 | €6,615 | = | 0.0% |
| Stocks | 30/36 | €6,615 | €6,615 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,314 | €16,983 | -€331 | -1.9% |
| Trade receivables | 40 | €3,116 | €10,912 | +€7,796 | +250.2% |
| Other amounts receivable | 41 | €14,198 | €6,071 | -€8,128 | -57.2% |
| Cash at bank and in hand | 54/58 | €543,814 | €396,159 | -€147,655 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,002 | €36,383 | +€34,382 | +1717.7% |
| Total equity and liabilities | 10/49 | €672,094 | €681,195 | +€9,101 | +1.4% |
| Equity | 10/15 | €374,641 | €379,893 | +€5,253 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,186 | €342,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €340,326 | €340,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,855 | €19,108 | +€5,253 | +37.9% |
| Amounts payable | 17/49 | €297,454 | €301,302 | +€3,848 | +1.3% |
| Amounts payable within one year | 42/48 | €297,069 | €299,077 | +€2,008 | +0.7% |
| Trade debts | 44 | €2,002 | €14,817 | +€12,816 | +640.3% |
| Suppliers | 440/4 | €2,002 | €14,817 | +€12,816 | +640.3% |
| Taxes, remuneration and social security | 45 | €64,650 | €26,575 | -€38,075 | -58.9% |
| Taxes | 450/3 | €64,650 | €26,575 | -€38,075 | -58.9% |
| Other amounts payable | 47/48 | €230,418 | €257,684 | +€27,267 | +11.8% |
| Accrued charges and deferred income | 492/3 | €384 | €2,225 | +€1,841 | +478.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,219 | €39,161 | +€9,942 | +34.0% |
| Other operating charges | 640/8 | €642 | €1,277 | +€635 | +98.9% |
| Non-recurring operating charges | 66A | - | €5,382 | +€5,382 | |
| Gross operating margin | 9900 | €143,589 | €54,992 | -€88,597 | -61.7% |
| Operating profit (loss) | 9901 | €113,728 | €9,172 | -€104,556 | -91.9% |
| Financial income | 75/76B | €0 | €37 | +€37 | +74540.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +74540.0% |
| Financial charges | 65/66B | €195 | €2,098 | +€1,903 | +977.2% |
| Recurring financial charges | 65 | €100 | €2,098 | +€1,998 | +2003.1% |
| Non-recurring financial charges | 66B | €95 | - | -€95 | |
| Profit (loss) for the period before taxes | 9903 | €113,533 | €7,111 | -€106,422 | -93.7% |
| Income taxes | 67/77 | €32,242 | €1,859 | -€30,384 | -94.2% |
| Profit (loss) for the period | 9904 | €81,291 | €5,253 | -€76,038 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,291 | €5,253 | -€76,038 | -93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.