Endo 2040: 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.
Endo 2040
Largest movements
- Cash +€185,618
up €185,618 (+225%), from €82,528 to €268,145
mainly Net result for the year (+€119,865) and Depreciation (+€65,586)
- Tangible fixed assets -€53,527
down €53,527 (-17.8%), from €301,499 to €247,972
of which Land and buildings: -€39,075
- Receivables within one year -€15,791
down €15,791 (-85.3%), from €18,513 to €2,722
of which Other amounts receivable: -€7,951
- Profit (loss) carried forward +€119,032
up €119,032 (+34.3%), from €347,364 to €466,396
- Tax, wage and social debts +€5,673
up €5,673 (+47.4%), from €11,973 to €17,646
of which Remuneration and social security: +€4,157
- Gross operating margin +€42,083
up €42,083 (+14.5%), from €290,768 to €332,851
- Staff costs +€12,032
up €12,032 (+12.9%), from €93,089 to €105,121
- Taxes +€11,515
up €11,515 (+45.5%), from €25,311 to €36,826
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 | €416,914 | €534,442 | +€117,528 | +28.2% |
| Fixed assets | 21/28 | €301,499 | €247,972 | -€53,527 | -17.8% |
| Tangible fixed assets | 22/27 | €301,499 | €247,972 | -€53,527 | -17.8% |
| Land and buildings | 22 | €218,803 | €179,728 | -€39,075 | -17.9% |
| Plant, machinery and equipment | 23 | €21,307 | €19,115 | -€2,191 | -10.3% |
| Furniture and vehicles | 24 | €61,389 | €49,129 | -€12,261 | -20.0% |
| Current assets | 29/58 | €115,415 | €286,470 | +€171,055 | +148% |
| Amounts receivable within one year | 40/41 | €18,513 | €2,722 | -€15,791 | -85.3% |
| Trade receivables | 40 | €10,562 | €2,722 | -€7,840 | -74.2% |
| Other amounts receivable | 41 | €7,951 | €0 | -€7,951 | -100% |
| Cash at bank and in hand | 54/58 | €82,528 | €268,145 | +€185,618 | +225% |
| Deferred charges and accrued income | 490/1 | €14,374 | €15,602 | +€1,229 | +8.5% |
| Total equity and liabilities | 10/49 | €416,914 | €534,442 | +€117,528 | +28.2% |
| Equity | 10/15 | €365,964 | €484,996 | +€119,032 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €347,364 | €466,396 | +€119,032 | +34.3% |
| Amounts payable | 17/49 | €50,950 | €49,446 | -€1,504 | -3.0% |
| Amounts payable after more than one year | 17 | €18,381 | €13,494 | -€4,887 | -26.6% |
| Financial debts | 170/4 | €18,381 | €13,494 | -€4,887 | -26.6% |
| Amounts payable within one year | 42/48 | €32,484 | €35,952 | +€3,468 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €4,710 | €4,887 | +€177 | +3.8% |
| Trade debts | 44 | €14,857 | €11,771 | -€3,086 | -20.8% |
| Suppliers | 440/4 | €14,857 | €11,771 | -€3,086 | -20.8% |
| Taxes, remuneration and social security | 45 | €11,973 | €17,646 | +€5,673 | +47.4% |
| Taxes | 450/3 | €311 | €1,826 | +€1,515 | +487% |
| Remuneration and social security | 454/9 | €11,662 | €15,820 | +€4,157 | +35.6% |
| Other amounts payable | 47/48 | €944 | €1,648 | +€704 | +74.6% |
| Accrued charges and deferred income | 492/3 | €85 | €0 | -€85 | -100% |
| Remuneration, social security and pensions | 62 | €93,089 | €105,121 | +€12,032 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,617 | €65,586 | -€3,031 | -4.4% |
| Other operating charges | 640/8 | €1,766 | €4,523 | +€2,756 | +156% |
| Gross operating margin | 9900 | €290,768 | €332,851 | +€42,083 | +14.5% |
| Operating profit (loss) | 9901 | €127,297 | €157,622 | +€30,325 | +23.8% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €656 | €946 | +€291 | +44.3% |
| Recurring financial charges | 65 | €656 | €946 | +€291 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €126,641 | €156,692 | +€30,051 | +23.7% |
| Income taxes | 67/77 | €25,311 | €36,826 | +€11,515 | +45.5% |
| Profit (loss) for the period | 9904 | €101,330 | €119,865 | +€18,535 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,330 | €119,865 | +€18,535 | +18.3% |
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.