Endelea: 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.
Endelea
Largest movements
- Cash -€73,164
down €73,164 (-46.8%), from €156,400 to €83,236
mainly Contributions, distributions and other (-€244,717) and Investment in fixed assets (net) (-€15,439)
- Receivables within one year -€26,161
down €26,161 (-99.5%), from €26,289 to €128
- Tangible fixed assets +€13,375
up €13,375 (+147.0%), from €9,100 to €22,475
of which Furniture and vehicles: +€7,130
- Reserves -€182,042
down €182,042 (-99.6%), from €182,717 to €675
- Other debts +€87,734
new in 2025: €87,734
- Tax, wage and social debts +€10,883
up €10,883 (+362.8%), from €3,000 to €13,883
of which Taxes: +€13,883
- Trade debts -€2,134
down €2,134 (-93.6%), from €2,279 to €145
- Gross operating margin +€24,133
up €24,133 (+41.7%), from €57,898 to €82,031
- Taxes +€4,711
up €4,711 (+41.4%), from €11,372 to €16,083
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 | €191,997 | €106,437 | -€85,560 | -44.6% |
| Fixed assets | 21/28 | €9,198 | €22,573 | +€13,375 | +145.4% |
| Tangible fixed assets | 22/27 | €9,100 | €22,475 | +€13,375 | +147.0% |
| Plant, machinery and equipment | 23 | €638 | €175 | -€463 | -72.6% |
| Furniture and vehicles | 24 | - | €7,130 | +€7,130 | |
| Other tangible fixed assets | 26 | €8,462 | €15,170 | +€6,708 | +79.3% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €182,799 | €83,864 | -€98,935 | -54.1% |
| Amounts receivable within one year | 40/41 | €26,289 | €128 | -€26,161 | -99.5% |
| Other amounts receivable | 41 | €26,289 | €128 | -€26,161 | -99.5% |
| Cash at bank and in hand | 54/58 | €156,400 | €83,236 | -€73,164 | -46.8% |
| Deferred charges and accrued income | 490/1 | €110 | €500 | +€390 | +354.5% |
| Total equity and liabilities | 10/49 | €191,997 | €106,437 | -€85,560 | -44.6% |
| Equity | 10/15 | €186,717 | €4,675 | -€182,042 | -97.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €182,717 | €675 | -€182,042 | -99.6% |
| Distributable reserves | 133 | €182,717 | €675 | -€182,042 | -99.6% |
| Amounts payable | 17/49 | €5,279 | €101,762 | +€96,483 | +1827.6% |
| Amounts payable within one year | 42/48 | €5,279 | €101,762 | +€96,483 | +1827.6% |
| Trade debts | 44 | €2,279 | €145 | -€2,134 | -93.6% |
| Suppliers | 440/4 | €2,279 | €145 | -€2,134 | -93.6% |
| Taxes, remuneration and social security | 45 | €3,000 | €13,883 | +€10,883 | +362.8% |
| Taxes | 450/3 | - | €13,883 | +€13,883 | |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | - | €87,734 | +€87,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,456 | €2,064 | +€608 | +41.8% |
| Other operating charges | 640/8 | €710 | €916 | +€206 | +29.0% |
| Gross operating margin | 9900 | €57,898 | €82,031 | +€24,133 | +41.7% |
| Operating profit (loss) | 9901 | €55,732 | €79,051 | +€23,319 | +41.8% |
| Financial charges | 65/66B | €180 | €293 | +€113 | +62.6% |
| Recurring financial charges | 65 | €180 | €293 | +€113 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €55,552 | €78,758 | +€23,206 | +41.8% |
| Income taxes | 67/77 | €11,372 | €16,083 | +€4,711 | +41.4% |
| Profit (loss) for the period | 9904 | €44,180 | €62,675 | +€18,495 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,180 | €62,675 | +€18,495 | +41.9% |
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 30 September 2026 via checked.be.