ENDOCURE: 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.
ENDOCURE
Largest movements
- Deferred charges and accrued income +€95,439
up €95,439 (+29385.7%), from €325 to €95,764
- Cash +€59,798
up €59,798 (+69.8%), from €85,718 to €145,516
mainly Net result for the year (+€125,992) and Tax, wage and social debts (+€25,345)
- Tangible fixed assets -€15,081
down €15,081 (-51.7%), from €29,161 to €14,079
of which Furniture and vehicles: -€9,189
- Receivables within one year +€3,131
up €3,131 (+13.0%), from €24,059 to €27,190
- Reserves +€125,992
up €125,992 (+114.7%), from €109,887 to €235,878
- Tax, wage and social debts +€25,345
up €25,345 (+192.4%), from €13,174 to €38,519
- Current portion of long-term debt -€8,357
no longer reported in 2025 (was €8,357)
- Gross operating margin +€125,223
up €125,223 (+219.7%), from €56,993 to €182,215
- Taxes +€28,810
up €28,810 (+344.1%), from €8,374 to €37,184
- Depreciation -€7,338
down €7,338 (-32.4%), from €22,671 to €15,333
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 | €139,262 | €282,549 | +€143,287 | +102.9% |
| Fixed assets | 21/28 | €29,161 | €14,079 | -€15,081 | -51.7% |
| Tangible fixed assets | 22/27 | €29,161 | €14,079 | -€15,081 | -51.7% |
| Plant, machinery and equipment | 23 | €17,174 | €11,282 | -€5,892 | -34.3% |
| Furniture and vehicles | 24 | €11,986 | €2,798 | -€9,189 | -76.7% |
| Current assets | 29/58 | €110,102 | €268,470 | +€158,368 | +143.8% |
| Amounts receivable within one year | 40/41 | €24,059 | €27,190 | +€3,131 | +13.0% |
| Other amounts receivable | 41 | €24,059 | €27,190 | +€3,131 | +13.0% |
| Cash at bank and in hand | 54/58 | €85,718 | €145,516 | +€59,798 | +69.8% |
| Deferred charges and accrued income | 490/1 | €325 | €95,764 | +€95,439 | +29385.7% |
| Total equity and liabilities | 10/49 | €139,262 | €282,549 | +€143,287 | +102.9% |
| Equity | 10/15 | €113,950 | €239,878 | +€125,928 | +110.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €109,887 | €235,878 | +€125,992 | +114.7% |
| Distributable reserves | 133 | €109,887 | €235,878 | +€125,992 | +114.7% |
| Profit (loss) carried forward | 14 | €64 | - | -€64 | |
| Amounts payable | 17/49 | €25,312 | €42,671 | +€17,359 | +68.6% |
| Amounts payable within one year | 42/48 | €25,312 | €42,671 | +€17,359 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €8,357 | - | -€8,357 | |
| Trade debts | 44 | €3,781 | €4,152 | +€371 | +9.8% |
| Suppliers | 440/4 | €3,781 | €4,152 | +€371 | +9.8% |
| Taxes, remuneration and social security | 45 | €13,174 | €38,519 | +€25,345 | +192.4% |
| Taxes | 450/3 | €13,174 | €38,519 | +€25,345 | +192.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,671 | €15,333 | -€7,338 | -32.4% |
| Other operating charges | 640/8 | €3,350 | €3,507 | +€157 | +4.7% |
| Gross operating margin | 9900 | €56,993 | €182,215 | +€125,223 | +219.7% |
| Operating profit (loss) | 9901 | €30,971 | €163,375 | +€132,404 | +427.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Financial charges | 65/66B | €1,222 | €200 | -€1,022 | -83.6% |
| Recurring financial charges | 65 | €1,222 | €200 | -€1,022 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €29,751 | €163,175 | +€133,424 | +448.5% |
| Income taxes | 67/77 | €8,374 | €37,184 | +€28,810 | +344.1% |
| Profit (loss) for the period | 9904 | €21,377 | €125,992 | +€104,614 | +489.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,377 | €125,992 | +€104,614 | +489.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.