Endevr: 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.
Endevr
Largest movements
- Current investments +€37,000
new in 2026: €37,000
- Receivables within one year +€20,999
up €20,999 (+129%), from €16,340 to €37,339
of which Trade receivables: +€17,787
- Cash -€18,296
down €18,296 (-29.9%), from €61,292 to €42,996
mainly Current investments (-€37,000) and Receivables within one year (-€20,999)
- Reserves +€43,607
up €43,607 (+78.1%), from €55,810 to €99,417
- Tax, wage and social debts -€5,532
down €5,532 (-40.7%), from €13,599 to €8,067
- Trade debts +€1,360
up €1,360 (+1,054%), from €129 to €1,489
- Gross operating margin -€16,298
down €16,298 (-20.7%), from €78,575 to €62,277
- Taxes -€4,714
down €4,714 (-21.6%), from €21,833 to €17,119
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,538 | €120,972 | +€39,434 | +48.4% |
| Fixed assets | 21/28 | €2,707 | €2,409 | -€298 | -11.0% |
| Tangible fixed assets | 22/27 | €2,707 | €2,409 | -€298 | -11.0% |
| Plant, machinery and equipment | 23 | €2,047 | €1,103 | -€944 | -46.1% |
| Furniture and vehicles | 24 | - | €807 | +€807 | |
| Other tangible fixed assets | 26 | €660 | €500 | -€160 | -24.2% |
| Current assets | 29/58 | €78,831 | €118,563 | +€39,732 | +50.4% |
| Amounts receivable within one year | 40/41 | €16,340 | €37,339 | +€20,999 | +129% |
| Trade receivables | 40 | €16,124 | €33,911 | +€17,787 | +110% |
| Other amounts receivable | 41 | €216 | €3,428 | +€3,212 | +1,487% |
| Current investments | 50/53 | - | €37,000 | +€37,000 | |
| Cash at bank and in hand | 54/58 | €61,292 | €42,996 | -€18,296 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,227 | +€28 | +2.4% |
| Total equity and liabilities | 10/49 | €81,538 | €120,972 | +€39,434 | +48.4% |
| Equity | 10/15 | €67,810 | €111,417 | +€43,607 | +64.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €55,810 | €99,417 | +€43,607 | +78.1% |
| Distributable reserves | 133 | €55,810 | €99,417 | +€43,607 | +78.1% |
| Amounts payable | 17/49 | €13,728 | €9,555 | -€4,173 | -30.4% |
| Amounts payable within one year | 42/48 | €13,728 | €9,555 | -€4,173 | -30.4% |
| Trade debts | 44 | €129 | €1,489 | +€1,360 | +1,054% |
| Suppliers | 440/4 | €129 | €1,489 | +€1,360 | +1,054% |
| Taxes, remuneration and social security | 45 | €13,599 | €8,067 | -€5,532 | -40.7% |
| Taxes | 450/3 | €13,599 | €8,067 | -€5,532 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €1,508 | +€582 | +62.8% |
| Gross operating margin | 9900 | €78,575 | €62,277 | -€16,298 | -20.7% |
| Operating profit (loss) | 9901 | €77,649 | €60,770 | -€16,879 | -21.7% |
| Financial income | 75/76B | €192 | €36 | -€156 | -81.0% |
| Recurring financial income | 75 | €192 | €36 | -€156 | -81.0% |
| Financial charges | 65/66B | €198 | €80 | -€118 | -59.4% |
| Recurring financial charges | 65 | €198 | €80 | -€118 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €77,643 | €60,726 | -€16,917 | -21.8% |
| Income taxes | 67/77 | €21,833 | €17,119 | -€4,714 | -21.6% |
| Profit (loss) for the period | 9904 | €55,810 | €43,607 | -€12,203 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,810 | €43,607 | -€12,203 | -21.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.