ENDOCAUCH: what changed
ENDOCAUCH
Largest movements
- Cash -€42,925
down €42,925 (-52.6%), from €81,538 to €38,612
mainly Other debts (-€60,132) and Contributions, distributions and other (-€36,181)
- Receivables within one year -€8,604
down €8,604 (-90.8%), from €9,475 to €871
of which Trade receivables: -€4,550
- Tangible fixed assets -€7,526
down €7,526 (-31.3%), from €24,072 to €16,546
of which Plant, machinery and equipment: -€6,643
- Other debts -€60,132
down €60,132 (-59.1%), from €101,748 to €41,616
- Tax, wage and social debts +€5,075
new in 2025: €5,075
- Current portion of long-term debt -€1,722
down €1,722 (-54.8%), from €3,142 to €1,420
- Trade debts -€1,511
down €1,511 (-90.1%), from €1,677 to €166
- Debts after one year -€1,420
down €1,420 (-85.6%), from €1,659 to €239
- Gross operating margin +€28,206
up €28,206 (+88.0%), from €32,064 to €60,270
- Taxes +€8,772
up €8,772 (+165%), from €5,303 to €14,075
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,226 | €61,517 | -€59,709 | -49.3% |
| Fixed assets | 21/28 | €24,072 | €16,546 | -€7,526 | -31.3% |
| Tangible fixed assets | 22/27 | €24,072 | €16,546 | -€7,526 | -31.3% |
| Plant, machinery and equipment | 23 | €14,803 | €8,160 | -€6,643 | -44.9% |
| Furniture and vehicles | 24 | €7,552 | €7,319 | -€233 | -3.1% |
| Other tangible fixed assets | 26 | €1,716 | €1,067 | -€650 | -37.9% |
| Current assets | 29/58 | €97,154 | €44,971 | -€52,183 | -53.7% |
| Amounts receivable within one year | 40/41 | €9,475 | €871 | -€8,604 | -90.8% |
| Trade receivables | 40 | €5,421 | €871 | -€4,550 | -83.9% |
| Other amounts receivable | 41 | €4,054 | - | -€4,054 | |
| Cash at bank and in hand | 54/58 | €81,538 | €38,612 | -€42,925 | -52.6% |
| Deferred charges and accrued income | 490/1 | €6,142 | €5,488 | -€654 | -10.7% |
| Total equity and liabilities | 10/49 | €121,226 | €61,517 | -€59,709 | -49.3% |
| Equity | 10/15 | €13,000 | €13,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €108,226 | €48,517 | -€59,709 | -55.2% |
| Amounts payable after more than one year | 17 | €1,659 | €239 | -€1,420 | -85.6% |
| Financial debts | 170/4 | €1,659 | €239 | -€1,420 | -85.6% |
| Amounts payable within one year | 42/48 | €106,567 | €48,277 | -€58,289 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €3,142 | €1,420 | -€1,722 | -54.8% |
| Trade debts | 44 | €1,677 | €166 | -€1,511 | -90.1% |
| Suppliers | 440/4 | €1,677 | €166 | -€1,511 | -90.1% |
| Taxes, remuneration and social security | 45 | - | €5,075 | +€5,075 | |
| Taxes | 450/3 | - | €5,075 | +€5,075 | |
| Other amounts payable | 47/48 | €101,748 | €41,616 | -€60,132 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,506 | €9,294 | -€212 | -2.2% |
| Other operating charges | 640/8 | €113 | €122 | +€9 | +8.0% |
| Gross operating margin | 9900 | €32,064 | €60,270 | +€28,206 | +88.0% |
| Operating profit (loss) | 9901 | €22,445 | €50,854 | +€28,409 | +127% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €586 | €597 | +€11 | +1.9% |
| Recurring financial charges | 65 | €586 | €597 | +€11 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €21,859 | €50,256 | +€28,397 | +130% |
| Income taxes | 67/77 | €5,303 | €14,075 | +€8,772 | +165% |
| Profit (loss) for the period | 9904 | €16,555 | €36,181 | +€19,626 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €16,555 | €36,181 | +€19,626 | +119% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.