Endermann: 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.
Endermann
Largest movements
- Receivables within one year -€25,524
down €25,524 (-99.7%), from €25,599 to €75
- Tangible fixed assets +€15,532
up €15,532 (+78.5%), from €19,786 to €35,317
of which Furniture and vehicles: +€17,425
- Deferred charges and accrued income +€4,225
up €4,225 (+1.6%), from €260,082 to €264,307
- Other debts +€54,570
up €54,570 (+16.8%), from €325,174 to €379,743
- Profit (loss) carried forward -€43,147
down €43,147 (-88.5%), from -€48,759 to -€91,906
- Short-term financial debts -€14,779
down €14,779 (-74.1%), from €19,945 to €5,166
- Gross operating margin -€22,828
down €22,828, from €15,890 to -€6,938
- Depreciation +€3,735
up €3,735 (+101.7%), from €3,673 to €7,407
- Staff costs +€763
up €763, from -€626 to €137
- Financial charges +€400
up €400 (+23.5%), from €1,699 to €2,099
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,481 | €299,714 | -€5,767 | -1.9% |
| Fixed assets | 21/28 | €19,801 | €35,332 | +€15,532 | +78.4% |
| Tangible fixed assets | 22/27 | €19,786 | €35,317 | +€15,532 | +78.5% |
| Plant, machinery and equipment | 23 | €5,777 | €3,425 | -€2,352 | -40.7% |
| Furniture and vehicles | 24 | €673 | €18,097 | +€17,425 | +2589.7% |
| Other tangible fixed assets | 26 | €13,336 | €13,795 | +€459 | +3.4% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €285,681 | €264,382 | -€21,299 | -7.5% |
| Amounts receivable within one year | 40/41 | €25,599 | €75 | -€25,524 | -99.7% |
| Other amounts receivable | 41 | €25,599 | €75 | -€25,524 | -99.7% |
| Deferred charges and accrued income | 490/1 | €260,082 | €264,307 | +€4,225 | +1.6% |
| Total equity and liabilities | 10/49 | €305,481 | €299,714 | -€5,767 | -1.9% |
| Equity | 10/15 | -€43,759 | -€86,906 | -€43,147 | -98.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,759 | -€91,906 | -€43,147 | -88.5% |
| Amounts payable | 17/49 | €349,240 | €386,620 | +€37,380 | +10.7% |
| Amounts payable within one year | 42/48 | €349,240 | €386,220 | +€36,980 | +10.6% |
| Financial debts | 43 | €19,945 | €5,166 | -€14,779 | -74.1% |
| Credit institutions | 430/8 | €19,945 | €5,166 | -€14,779 | -74.1% |
| Trade debts | 44 | €1,992 | €461 | -€1,531 | -76.9% |
| Suppliers | 440/4 | €1,992 | €461 | -€1,531 | -76.9% |
| Taxes, remuneration and social security | 45 | €2,130 | €850 | -€1,280 | -60.1% |
| Taxes | 450/3 | €1,993 | €850 | -€1,143 | -57.4% |
| Remuneration and social security | 454/9 | €137 | - | -€137 | |
| Other amounts payable | 47/48 | €325,174 | €379,743 | +€54,570 | +16.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €109,940 | - | -€109,940 | |
| Remuneration, social security and pensions | 62 | -€626 | €137 | +€763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €7,407 | +€3,735 | +101.7% |
| Other operating charges | 640/8 | €1,007 | €1,149 | +€143 | +14.2% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €15,890 | -€6,938 | -€22,828 | |
| Operating profit (loss) | 9901 | €11,836 | -€40,631 | -€52,468 | |
| Financial charges | 65/66B | €1,699 | €2,099 | +€400 | +23.5% |
| Recurring financial charges | 65 | €1,699 | €2,099 | +€400 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €10,137 | -€42,730 | -€52,868 | |
| Income taxes | 67/77 | €433 | €417 | -€17 | -3.8% |
| Profit (loss) for the period | 9904 | €9,704 | -€43,147 | -€52,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,704 | -€43,147 | -€52,851 |
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 6 October 2026 via checked.be.