EndoCard: what changed
Two fiscal 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.
EndoCard
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€173,788
up €173,788 (+47.9%), from €363,040 to €536,829
mainly Net result for the year (+€615,287) and Current investments (+€200,000)
- Deferred charges and accrued income +€31,176
up €31,176 (+16.1%), from €193,981 to €225,157
- Debts after one year -€93,697
down €93,697 (-7.6%), from €1.2m to €1.1m
- Other debts +€66,524
up €66,524 (+21.3%), from €312,647 to €379,171
- Tax, wage and social debts +€45,944
up €45,944 (+394.9%), from €11,633 to €57,578
- Reserves -€32,359
down €32,359 (-5.0%), from €647,646 to €615,287
- Financial charges +€21,930
up €21,930 (+98.9%), from €22,178 to €44,108
- Gross operating margin -€13,230
down €13,230 (-1.4%), from €949,380 to €936,150
- Depreciation +€10,018
up €10,018 (+15.0%), from €66,836 to €76,854
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.
Cash bridge derived
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 | €2,322,152 | €2,323,966 | +€1,813 | +0.1% |
| Fixed assets | 21/28 | €1,535,204 | €1,532,980 | -€2,225 | -0.1% |
| Tangible fixed assets | 22/27 | €1,535,204 | €1,532,980 | -€2,225 | -0.1% |
| Land and buildings | 22 | €1,437,688 | €1,384,112 | -€53,576 | -3.7% |
| Furniture and vehicles | 24 | €23,343 | €84,142 | +€60,799 | +260.5% |
| Other tangible fixed assets | 26 | €74,173 | €64,725 | -€9,448 | -12.7% |
| Current assets | 29/58 | €786,948 | €790,986 | +€4,038 | +0.5% |
| Amounts receivable within one year | 40/41 | €29,926 | €29,000 | -€926 | -3.1% |
| Other amounts receivable | 41 | €29,926 | €29,000 | -€926 | -3.1% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €363,040 | €536,829 | +€173,788 | +47.9% |
| Deferred charges and accrued income | 490/1 | €193,981 | €225,157 | +€31,176 | +16.1% |
| Total equity and liabilities | 10/49 | €2,322,152 | €2,323,966 | +€1,813 | +0.1% |
| Equity | 10/15 | €666,246 | €633,887 | -€32,359 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €647,646 | €615,287 | -€32,359 | -5.0% |
| Distributable reserves | 133 | €647,646 | €615,287 | -€32,359 | -5.0% |
| Amounts payable | 17/49 | €1,655,907 | €1,690,079 | +€34,172 | +2.1% |
| Amounts payable after more than one year | 17 | €1,234,816 | €1,141,119 | -€93,697 | -7.6% |
| Financial debts | 170/4 | €1,234,816 | €1,141,119 | -€93,697 | -7.6% |
| Amounts payable within one year | 42/48 | €421,091 | €532,652 | +€111,561 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €92,265 | €93,697 | +€1,432 | +1.6% |
| Trade debts | 44 | €4,545 | €2,206 | -€2,339 | -51.5% |
| Suppliers | 440/4 | €4,545 | €2,206 | -€2,339 | -51.5% |
| Taxes, remuneration and social security | 45 | €11,633 | €57,578 | +€45,944 | +394.9% |
| Taxes | 450/3 | €11,633 | €57,578 | +€45,944 | +394.9% |
| Other amounts payable | 47/48 | €312,647 | €379,171 | +€66,524 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €16,308 | +€16,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,836 | €76,854 | +€10,018 | +15.0% |
| Other operating charges | 640/8 | €3,071 | €3,256 | +€184 | +6.0% |
| Gross operating margin | 9900 | €949,380 | €936,150 | -€13,230 | -1.4% |
| Operating profit (loss) | 9901 | €879,472 | €856,040 | -€23,432 | -2.7% |
| Financial income | 75/76B | €0 | €5,634 | +€5,633 | +1760425.0% |
| Recurring financial income | 75 | €0 | €5,634 | +€5,633 | +1760425.0% |
| Financial charges | 65/66B | €22,178 | €44,108 | +€21,930 | +98.9% |
| Recurring financial charges | 65 | €22,178 | €44,108 | +€21,930 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €857,294 | €817,565 | -€39,729 | -4.6% |
| Income taxes | 67/77 | €211,633 | €202,279 | -€9,355 | -4.4% |
| Profit (loss) for the period | 9904 | €645,661 | €615,287 | -€30,374 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €645,661 | €615,287 | -€30,374 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.