ENDO2G: 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.
ENDO2G
Largest movements
- Cash -€47,616
down €47,616 (-84.6%), from €56,258 to €8,641
mainly Trade debts (-€66,812) and Debts after one year (-€9,680)
- Tangible fixed assets -€24,823
down €24,823 (-9.1%), from €273,808 to €248,985
of which Land and buildings: -€19,015
- Receivables within one year -€3,380
down €3,380 (-100%), from €3,380 to €0
- Trade debts -€66,812
down €66,812 (-30.5%), from €219,044 to €152,232
- Debts after one year -€9,680
down €9,680 (-13.8%), from €70,180 to €60,500
- Gross operating margin +€1,571
up €1,571 (+1.9%), from €80,611 to €82,182
- Depreciation +€1,050
up €1,050 (+3.7%), from €28,144 to €29,195
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 | €334,023 | €258,596 | -€75,427 | -22.6% |
| Fixed assets | 21/28 | €273,808 | €248,985 | -€24,823 | -9.1% |
| Tangible fixed assets | 22/27 | €273,808 | €248,985 | -€24,823 | -9.1% |
| Land and buildings | 22 | €253,098 | €234,083 | -€19,015 | -7.5% |
| Plant, machinery and equipment | 23 | €13,414 | €11,651 | -€1,763 | -13.1% |
| Furniture and vehicles | 24 | €7,296 | €3,251 | -€4,045 | -55.4% |
| Current assets | 29/58 | €60,215 | €9,611 | -€50,604 | -84.0% |
| Amounts receivable within one year | 40/41 | €3,380 | €0 | -€3,380 | -100% |
| Trade receivables | 40 | €3,380 | €0 | -€3,380 | -100% |
| Cash at bank and in hand | 54/58 | €56,258 | €8,641 | -€47,616 | -84.6% |
| Deferred charges and accrued income | 490/1 | €577 | €970 | +€392 | +68.0% |
| Total equity and liabilities | 10/49 | €334,023 | €258,596 | -€75,427 | -22.6% |
| Equity | 10/15 | €26,254 | €26,361 | +€106 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,794 | €5,901 | +€106 | +1.8% |
| Amounts payable | 17/49 | €307,768 | €232,235 | -€75,533 | -24.5% |
| Amounts payable after more than one year | 17 | €70,180 | €60,500 | -€9,680 | -13.8% |
| Financial debts | 170/4 | €70,180 | €60,500 | -€9,680 | -13.8% |
| Amounts payable within one year | 42/48 | €237,512 | €171,735 | -€65,777 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €9,680 | €9,680 | = | 0.0% |
| Trade debts | 44 | €219,044 | €152,232 | -€66,812 | -30.5% |
| Suppliers | 440/4 | €219,044 | €152,232 | -€66,812 | -30.5% |
| Taxes, remuneration and social security | 45 | €8,207 | €9,242 | +€1,035 | +12.6% |
| Taxes | 450/3 | €330 | €1,112 | +€782 | +237% |
| Remuneration and social security | 454/9 | €7,878 | €8,131 | +€253 | +3.2% |
| Other amounts payable | 47/48 | €580 | €580 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €77 | €0 | -€77 | -100% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €47,791 | €47,093 | -€698 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,144 | €29,195 | +€1,050 | +3.7% |
| Other operating charges | 640/8 | €1,189 | €1,380 | +€191 | +16.1% |
| Gross operating margin | 9900 | €80,611 | €82,182 | +€1,571 | +1.9% |
| Operating profit (loss) | 9901 | €3,486 | €4,514 | +€1,028 | +29.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,485 | €3,918 | +€433 | +12.4% |
| Recurring financial charges | 65 | €3,485 | €3,918 | +€433 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €1 | €596 | +€595 | +43,726% |
| Income taxes | 67/77 | - | €490 | +€490 | |
| Profit (loss) for the period | 9904 | €1 | €106 | +€105 | +7,715% |
| Profit (loss) for the period to be appropriated | 9905 | €1 | €106 | +€105 | +7,715% |
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.