Endewalvis: 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.
Endewalvis
Largest movements
- Receivables within one year +€33,838
up €33,838 (+220%), from €15,381 to €49,219
of which Trade receivables: +€43,874
- Cash -€12,113
down €12,113 (-12.5%), from €96,766 to €84,653
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€33,838)
- Tangible fixed assets -€10,903
down €10,903 (-30.9%), from €35,246 to €24,343
of which Furniture and vehicles: -€8,978
- Other debts +€31,393
up €31,393 (+105%), from €30,000 to €61,393
- Reserves -€17,000
down €17,000 (-17.7%), from €96,150 to €79,150
- Current portion of long-term debt -€6,022
down €6,022 (-74.9%), from €8,044 to €2,022
- Tax, wage and social debts +€4,482
up €4,482 (+48.5%), from €9,247 to €13,730
of which Taxes: +€4,482
- Debts after one year -€2,022
no longer reported in 2025 (was €2,022)
- Gross operating margin +€36,517
up €36,517 (+110%), from €33,230 to €69,747
- Taxes +€10,473
up €10,473 (+231%), from €4,530 to €15,003
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.
Derived cash bridge
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 | €147,643 | €158,465 | +€10,822 | +7.3% |
| Fixed assets | 21/28 | €35,496 | €24,593 | -€10,903 | -30.7% |
| Tangible fixed assets | 22/27 | €35,246 | €24,343 | -€10,903 | -30.9% |
| Plant, machinery and equipment | 23 | €14,074 | €12,149 | -€1,925 | -13.7% |
| Furniture and vehicles | 24 | €21,172 | €12,194 | -€8,978 | -42.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €112,147 | €133,872 | +€21,725 | +19.4% |
| Amounts receivable within one year | 40/41 | €15,381 | €49,219 | +€33,838 | +220% |
| Trade receivables | 40 | €4,853 | €48,727 | +€43,874 | +904% |
| Other amounts receivable | 41 | €10,529 | €492 | -€10,036 | -95.3% |
| Cash at bank and in hand | 54/58 | €96,766 | €84,653 | -€12,113 | -12.5% |
| Total equity and liabilities | 10/49 | €147,643 | €158,465 | +€10,822 | +7.3% |
| Equity | 10/15 | €98,248 | €81,319 | -€16,929 | -17.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,150 | €79,150 | -€17,000 | -17.7% |
| Distributable reserves | 133 | €96,150 | €79,150 | -€17,000 | -17.7% |
| Profit (loss) carried forward | 14 | €98 | €169 | +€71 | +72.3% |
| Amounts payable | 17/49 | €49,394 | €77,145 | +€27,751 | +56.2% |
| Amounts payable after more than one year | 17 | €2,022 | - | -€2,022 | |
| Financial debts | 170/4 | €2,022 | - | -€2,022 | |
| Amounts payable within one year | 42/48 | €47,372 | €77,145 | +€29,773 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €8,044 | €2,022 | -€6,022 | -74.9% |
| Trade debts | 44 | €80 | - | -€80 | |
| Suppliers | 440/4 | €80 | - | -€80 | |
| Taxes, remuneration and social security | 45 | €9,247 | €13,730 | +€4,482 | +48.5% |
| Taxes | 450/3 | €7,547 | €12,030 | +€4,482 | +59.4% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €30,000 | €61,393 | +€31,393 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €10,903 | +€170 | +1.6% |
| Other operating charges | 640/8 | €555 | €574 | +€18 | +3.3% |
| Gross operating margin | 9900 | €33,230 | €69,747 | +€36,517 | +110% |
| Operating profit (loss) | 9901 | €21,941 | €58,270 | +€36,330 | +166% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €272 | €196 | -€76 | -28.1% |
| Recurring financial charges | 65 | €272 | €196 | -€76 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €21,675 | €58,074 | +€36,399 | +168% |
| Income taxes | 67/77 | €4,530 | €15,003 | +€10,473 | +231% |
| Profit (loss) for the period | 9904 | €17,145 | €43,071 | +€25,926 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €17,145 | €43,071 | +€25,926 | +151% |
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 16 October 2026 via checked.be.