ENDLESS PURSUIT: 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.
ENDLESS PURSUIT
Largest movements
- Cash -€8,249
down €8,249 (-24.5%), from €33,701 to €25,452
mainly Tax, wage and social debts (-€13,212) and Net result for the year (-€1,106)
- Tangible fixed assets -€6,126
down €6,126 (-23.8%), from €25,752 to €19,626
- Tax, wage and social debts -€13,212
down €13,212 (-78.2%), from €16,897 to €3,685
of which Taxes: -€13,212
- Gross operating margin -€69,997
down €69,997, from €68,074 to -€1,923
- Taxes -€13,212
down €13,212 (-92.4%), from €14,297 to €1,085
- Financial income +€9,278
up €9,278 (+3,128%), from €297 to €9,575
- Depreciation +€3,094
up €3,094 (+102%), from €3,032 to €6,126
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 | €407,347 | €393,255 | -€14,093 | -3.5% |
| Fixed assets | 21/28 | €25,752 | €19,626 | -€6,126 | -23.8% |
| Tangible fixed assets | 22/27 | €25,752 | €19,626 | -€6,126 | -23.8% |
| Furniture and vehicles | 24 | €25,752 | €19,626 | -€6,126 | -23.8% |
| Current assets | 29/58 | €381,596 | €373,629 | -€7,967 | -2.1% |
| Amounts receivable within one year | 40/41 | €346,711 | €346,861 | +€150 | 0.0% |
| Trade receivables | 40 | €76 | €9,242 | +€9,166 | +12,021% |
| Other amounts receivable | 41 | €346,635 | €337,619 | -€9,016 | -2.6% |
| Cash at bank and in hand | 54/58 | €33,701 | €25,452 | -€8,249 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,184 | €1,317 | +€133 | +11.2% |
| Total equity and liabilities | 10/49 | €407,347 | €393,255 | -€14,093 | -3.5% |
| Equity | 10/15 | €390,322 | €389,216 | -€1,106 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €385,000 | €384,000 | -€1,000 | -0.3% |
| Distributable reserves | 133 | €385,000 | €384,000 | -€1,000 | -0.3% |
| Profit (loss) carried forward | 14 | €322 | €216 | -€106 | -33.0% |
| Amounts payable | 17/49 | €17,025 | €4,039 | -€12,986 | -76.3% |
| Amounts payable within one year | 42/48 | €17,025 | €4,039 | -€12,986 | -76.3% |
| Trade debts | 44 | €128 | €354 | +€226 | +176% |
| Suppliers | 440/4 | €128 | €354 | +€226 | +176% |
| Taxes, remuneration and social security | 45 | €16,897 | €3,685 | -€13,212 | -78.2% |
| Taxes | 450/3 | €14,297 | €1,085 | -€13,212 | -92.4% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,032 | €6,126 | +€3,094 | +102% |
| Other operating charges | 640/8 | €333 | €420 | +€87 | +26.1% |
| Gross operating margin | 9900 | €68,074 | -€1,923 | -€69,997 | |
| Operating profit (loss) | 9901 | €64,708 | -€8,469 | -€73,177 | |
| Financial income | 75/76B | €297 | €9,575 | +€9,278 | +3,128% |
| Recurring financial income | 75 | €297 | €9,575 | +€9,278 | +3,128% |
| Financial charges | 65/66B | €703 | €1,127 | +€424 | +60.2% |
| Recurring financial charges | 65 | €703 | €1,127 | +€424 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €64,301 | -€21 | -€64,322 | |
| Income taxes | 67/77 | €14,297 | €1,085 | -€13,212 | -92.4% |
| Profit (loss) for the period | 9904 | €50,004 | -€1,106 | -€51,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,004 | -€1,106 | -€51,110 |
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 17 October 2026 via checked.be.