ENDES Engineering Services: 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.
ENDES Engineering Services
Largest movements
- Receivables within one year +€93,256
up €93,256 (+52.7%), from €177,065 to €270,321
of which Trade receivables: +€92,666
- Stocks and contracts -€68,224
down €68,224 (-10.2%), from €666,337 to €598,113
- Tangible fixed assets -€10,261
down €10,261 (-48.2%), from €21,274 to €11,013
of which Furniture and vehicles: -€5,236
- Trade debts -€277,915
down €277,915 (-72.5%), from €383,183 to €105,268
- Debts after one year +€200,000
new in 2025: €200,000
- Accrued charges and deferred income -€119,302
down €119,302 (-91.1%), from €130,900 to €11,597
- Reserves +€114,886
up €114,886 (+124.2%), from €92,484 to €207,370
of which Distributable reserves: +€114,886
- Tax, wage and social debts +€66,699
up €66,699 (+36.7%), from €181,873 to €248,572
of which Taxes: +€109,865
- Gross operating margin +€183,744
up €183,744 (+22.8%), from €805,192 to €988,936
- Taxes +€50,104
up €50,104 (+1850.0%), from €2,708 to €52,812
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 | €904,917 | €911,807 | +€6,890 | +0.8% |
| Fixed assets | 21/28 | €25,854 | €14,970 | -€10,884 | -42.1% |
| Intangible fixed assets | 21 | €1,720 | €1,097 | -€624 | -36.2% |
| Tangible fixed assets | 22/27 | €21,274 | €11,013 | -€10,261 | -48.2% |
| Furniture and vehicles | 24 | €5,586 | €349 | -€5,236 | -93.7% |
| Other tangible fixed assets | 26 | €15,688 | €10,664 | -€5,024 | -32.0% |
| Financial fixed assets | 28 | €2,860 | €2,860 | = | 0.0% |
| Current assets | 29/58 | €879,063 | €896,838 | +€17,774 | +2.0% |
| Stocks and contracts in progress | 3 | €666,337 | €598,113 | -€68,224 | -10.2% |
| Contracts in progress | 37 | €666,337 | €598,113 | -€68,224 | -10.2% |
| Amounts receivable within one year | 40/41 | €177,065 | €270,321 | +€93,256 | +52.7% |
| Trade receivables | 40 | €175,887 | €268,553 | +€92,666 | +52.7% |
| Other amounts receivable | 41 | €1,178 | €1,768 | +€589 | +50.0% |
| Cash at bank and in hand | 54/58 | €5,570 | €3,362 | -€2,208 | -39.6% |
| Deferred charges and accrued income | 490/1 | €30,091 | €25,041 | -€5,050 | -16.8% |
| Total equity and liabilities | 10/49 | €904,917 | €911,807 | +€6,890 | +0.8% |
| Equity | 10/15 | €172,484 | €287,370 | +€114,886 | +66.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €92,484 | €207,370 | +€114,886 | +124.2% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €84,484 | €199,370 | +€114,886 | +136.0% |
| Amounts payable | 17/49 | €732,433 | €624,437 | -€107,996 | -14.7% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Other amounts payable | 178/9 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €601,534 | €412,840 | -€188,694 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €1,205 | - | -€1,205 | |
| Trade debts | 44 | €383,183 | €105,268 | -€277,915 | -72.5% |
| Suppliers | 440/4 | €383,183 | €105,268 | -€277,915 | -72.5% |
| Taxes, remuneration and social security | 45 | €181,873 | €248,572 | +€66,699 | +36.7% |
| Taxes | 450/3 | €41,681 | €151,546 | +€109,865 | +263.6% |
| Remuneration and social security | 454/9 | €140,191 | €97,025 | -€43,166 | -30.8% |
| Other amounts payable | 47/48 | €35,273 | €59,000 | +€23,727 | +67.3% |
| Accrued charges and deferred income | 492/3 | €130,900 | €11,597 | -€119,302 | -91.1% |
| Non-recurring operating income | 76A | €2,219 | - | -€2,219 | |
| Remuneration, social security and pensions | 62 | €808,862 | €801,687 | -€7,175 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,307 | €10,884 | -€9,423 | -46.4% |
| Other operating charges | 640/8 | €4,121 | €2,835 | -€1,286 | -31.2% |
| Gross operating margin | 9900 | €805,192 | €988,936 | +€183,744 | +22.8% |
| Operating profit (loss) | 9901 | -€28,098 | €173,530 | +€201,628 | |
| Financial income | 75/76B | €0 | €4,636 | +€4,636 | +46358500.0% |
| Recurring financial income | 75 | €0 | €4,636 | +€4,636 | +46358500.0% |
| Financial charges | 65/66B | €5,939 | €10,467 | +€4,528 | +76.2% |
| Recurring financial charges | 65 | €5,939 | €10,467 | +€4,528 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,037 | €167,699 | +€201,736 | |
| Income taxes | 67/77 | €2,708 | €52,812 | +€50,104 | +1850.0% |
| Profit (loss) for the period | 9904 | -€36,746 | €114,886 | +€151,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,746 | €114,886 | +€151,632 |
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.