ENDO RADIX: 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 RADIX
Largest movements
- Cash -€108,172
down €108,172 (-54.9%), from €196,972 to €88,800
mainly Contributions, distributions and other (-€100,000) and Other debts (-€84,859)
- Tangible fixed assets -€13,236
down €13,236 (-23.2%), from €57,123 to €43,887
of which Plant, machinery and equipment: -€11,241
- Deferred charges and accrued income +€3,963
up €3,963 (+76.1%), from €5,208 to €9,171
- Other debts -€84,859
down €84,859 (-49.2%), from €172,537 to €87,679
- Tax, wage and social debts -€19,398
down €19,398 (-51.7%), from €37,500 to €18,102
- Profit (loss) carried forward -€16,856
down €16,856 (-36.0%), from €46,828 to €29,972
- Gross operating margin +€29,174
up €29,174 (+30.8%), from €94,857 to €124,031
- Depreciation +€8,169
up €8,169 (+95.4%), from €8,566 to €16,735
- Taxes +€5,288
up €5,288 (+29.7%), from €17,814 to €23,102
- Financial income -€3,369
no longer reported in 2025 (was €3,369)
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 | €261,750 | €141,858 | -€119,892 | -45.8% |
| Fixed assets | 21/28 | €57,123 | €43,887 | -€13,236 | -23.2% |
| Tangible fixed assets | 22/27 | €57,123 | €43,887 | -€13,236 | -23.2% |
| Plant, machinery and equipment | 23 | €54,598 | €43,357 | -€11,241 | -20.6% |
| Furniture and vehicles | 24 | €2,525 | €530 | -€1,995 | -79.0% |
| Current assets | 29/58 | €204,627 | €97,971 | -€106,656 | -52.1% |
| Amounts receivable within one year | 40/41 | €2,447 | - | -€2,447 | |
| Other amounts receivable | 41 | €2,447 | - | -€2,447 | |
| Cash at bank and in hand | 54/58 | €196,972 | €88,800 | -€108,172 | -54.9% |
| Deferred charges and accrued income | 490/1 | €5,208 | €9,171 | +€3,963 | +76.1% |
| Total equity and liabilities | 10/49 | €261,750 | €141,858 | -€119,892 | -45.8% |
| Equity | 10/15 | €50,128 | €33,272 | -€16,856 | -33.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,828 | €29,972 | -€16,856 | -36.0% |
| Amounts payable | 17/49 | €211,622 | €108,586 | -€103,036 | -48.7% |
| Amounts payable within one year | 42/48 | €211,622 | €108,586 | -€103,036 | -48.7% |
| Trade debts | 44 | €1,584 | €2,805 | +€1,221 | +77.1% |
| Suppliers | 440/4 | €1,584 | €2,805 | +€1,221 | +77.1% |
| Taxes, remuneration and social security | 45 | €37,500 | €18,102 | -€19,398 | -51.7% |
| Taxes | 450/3 | €37,500 | €18,102 | -€19,398 | -51.7% |
| Other amounts payable | 47/48 | €172,537 | €87,679 | -€84,859 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,566 | €16,735 | +€8,169 | +95.4% |
| Other operating charges | 640/8 | €141 | €940 | +€799 | +569% |
| Gross operating margin | 9900 | €94,857 | €124,031 | +€29,174 | +30.8% |
| Operating profit (loss) | 9901 | €86,151 | €106,356 | +€20,205 | +23.5% |
| Financial income | 75/76B | €3,369 | - | -€3,369 | |
| Recurring financial income | 75 | €3,369 | - | -€3,369 | |
| Financial charges | 65/66B | €221 | €110 | -€111 | -50.2% |
| Recurring financial charges | 65 | €221 | €110 | -€111 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €89,298 | €106,246 | +€16,947 | +19.0% |
| Income taxes | 67/77 | €17,814 | €23,102 | +€5,288 | +29.7% |
| Profit (loss) for the period | 9904 | €71,485 | €83,144 | +€11,659 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,485 | €83,144 | +€11,659 | +16.3% |
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 21 October 2026 via checked.be.