ENDEKA: 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.
ENDEKA
Largest movements
- Current investments -€80,000
down €80,000 (-22.9%), from €350,000 to €270,000
- Cash -€25,641
down €25,641 (-42.4%), from €60,453 to €34,812
mainly Contributions, distributions and other (-€195,000) and Tax, wage and social debts (-€5,791)
- Receivables within one year -€9,801
no longer reported in 2025 (was €9,801)
- Reserves -€107,671
down €107,671 (-28.2%), from €381,631 to €273,960
- Tax, wage and social debts -€5,791
down €5,791 (-27.4%), from €21,137 to €15,346
- Gross operating margin +€14,493
up €14,493 (+16.0%), from €90,481 to €104,974
- Taxes -€3,485
down €3,485 (-13.1%), from €26,531 to €23,046
- Financial income -€1,260
down €1,260 (-15.6%), from €8,080 to €6,820
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 | €421,738 | €308,475 | -€113,263 | -26.9% |
| Fixed assets | 21/28 | €1,229 | €3,395 | +€2,166 | +176.2% |
| Tangible fixed assets | 22/27 | €1,229 | €3,395 | +€2,166 | +176.2% |
| Furniture and vehicles | 24 | €1,229 | €3,395 | +€2,166 | +176.2% |
| Current assets | 29/58 | €420,509 | €305,080 | -€115,429 | -27.4% |
| Amounts receivable within one year | 40/41 | €9,801 | - | -€9,801 | |
| Trade receivables | 40 | €9,801 | - | -€9,801 | |
| Current investments | 50/53 | €350,000 | €270,000 | -€80,000 | -22.9% |
| Cash at bank and in hand | 54/58 | €60,453 | €34,812 | -€25,641 | -42.4% |
| Deferred charges and accrued income | 490/1 | €255 | €268 | +€13 | +5.1% |
| Total equity and liabilities | 10/49 | €421,738 | €308,475 | -€113,263 | -26.9% |
| Equity | 10/15 | €400,231 | €292,560 | -€107,671 | -26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €381,631 | €273,960 | -€107,671 | -28.2% |
| Distributable reserves | 133 | €381,631 | €273,960 | -€107,671 | -28.2% |
| Amounts payable | 17/49 | €21,507 | €15,915 | -€5,592 | -26.0% |
| Amounts payable within one year | 42/48 | €21,507 | €15,915 | -€5,592 | -26.0% |
| Trade debts | 44 | €370 | €569 | +€199 | +53.8% |
| Suppliers | 440/4 | €370 | €569 | +€199 | +53.8% |
| Taxes, remuneration and social security | 45 | €21,137 | €15,346 | -€5,791 | -27.4% |
| Taxes | 450/3 | €21,137 | €15,346 | -€5,791 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €698 | -€4 | -0.6% |
| Other operating charges | 640/8 | €697 | €679 | -€18 | -2.6% |
| Gross operating margin | 9900 | €90,481 | €104,974 | +€14,493 | +16.0% |
| Operating profit (loss) | 9901 | €89,082 | €103,597 | +€14,515 | +16.3% |
| Financial income | 75/76B | €8,080 | €6,820 | -€1,260 | -15.6% |
| Recurring financial income | 75 | €8,080 | €6,820 | -€1,260 | -15.6% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €97,120 | €110,375 | +€13,255 | +13.6% |
| Income taxes | 67/77 | €26,531 | €23,046 | -€3,485 | -13.1% |
| Profit (loss) for the period | 9904 | €70,589 | €87,329 | +€16,740 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,589 | €87,329 | +€16,740 | +23.7% |
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 11 October 2026 via checked.be.