ENDODERM: 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.
ENDODERM
Largest movements
- Receivables within one year -€104,159
down €104,159 (-79.3%), from €131,395 to €27,237
of which Other amounts receivable: -€104,159
- Deferred charges and accrued income +€99,977
up €99,977 (+294%), from €34,020 to €133,997
- Cash +€59,210
up €59,210 (+15.1%), from €392,747 to €451,957
mainly Other debts (+€218,748) and Net result for the year (+€199,187)
- Tangible fixed assets +€29,549
up €29,549 (+6.0%), from €491,220 to €520,769
of which Plant, machinery and equipment: +€56,072
- Current investments +€17,460
up €17,460 (+38.8%), from €45,001 to €62,461
- Reserves -€318,617
down €318,617 (-51.4%), from €619,789 to €301,172
- Other debts +€218,748
up €218,748, from €0 to €218,748
- Profit (loss) carried forward +€158,610
up €158,610 (+391%), from €40,577 to €199,187
- Current portion of long-term debt +€61,400
up €61,400 (+308%), from €19,963 to €81,364
- Debts after one year -€20,468
down €20,468 (-5.3%), from €388,651 to €368,184
- Gross operating margin +€222,604
up €222,604 (+168%), from €132,327 to €354,931
- Turnover +€161,261
up €161,261 (+27.7%), from €582,831 to €744,092
- Purchases and services -€65,792
down €65,792 (-13.8%), from €477,850 to €412,058
- Taxes +€54,901
up €54,901 (+307%), from €17,863 to €72,763
- Financial charges +€13,377
up €13,377 (+69.9%), from €19,134 to €32,510
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 | €1,106,383 | €1,196,421 | +€90,037 | +8.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €503,220 | €520,769 | +€17,549 | +3.5% |
| Intangible fixed assets | 21 | €12,000 | €0 | -€12,000 | -100% |
| Tangible fixed assets | 22/27 | €491,220 | €520,769 | +€29,549 | +6.0% |
| Land and buildings | 22 | €421,130 | €411,173 | -€9,957 | -2.4% |
| Plant, machinery and equipment | 23 | €21,836 | €77,908 | +€56,072 | +257% |
| Furniture and vehicles | 24 | €48,254 | €31,688 | -€16,566 | -34.3% |
| Current assets | 29/58 | €603,163 | €675,652 | +€72,488 | +12.0% |
| Amounts receivable within one year | 40/41 | €131,395 | €27,237 | -€104,159 | -79.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €131,395 | €27,237 | -€104,159 | -79.3% |
| Current investments | 50/53 | €45,001 | €62,461 | +€17,460 | +38.8% |
| Cash at bank and in hand | 54/58 | €392,747 | €451,957 | +€59,210 | +15.1% |
| Deferred charges and accrued income | 490/1 | €34,020 | €133,997 | +€99,977 | +294% |
| Total equity and liabilities | 10/49 | €1,106,383 | €1,196,421 | +€90,037 | +8.1% |
| Equity | 10/15 | €678,966 | €518,959 | -€160,007 | -23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €619,789 | €301,172 | -€318,617 | -51.4% |
| Distributable reserves | 133 | €619,789 | €301,172 | -€318,617 | -51.4% |
| Profit (loss) carried forward | 14 | €40,577 | €199,187 | +€158,610 | +391% |
| Amounts payable | 17/49 | €427,417 | €677,461 | +€250,044 | +58.5% |
| Amounts payable after more than one year | 17 | €388,651 | €368,184 | -€20,468 | -5.3% |
| Financial debts | 170/4 | €388,651 | €368,184 | -€20,468 | -5.3% |
| Amounts payable within one year | 42/48 | €38,766 | €309,278 | +€270,512 | +698% |
| Current portion of amounts payable after more than one year | 42 | €19,963 | €81,364 | +€61,400 | +308% |
| Trade debts | 44 | €1,303 | €1,166 | -€136 | -10.5% |
| Suppliers | 440/4 | €1,303 | €1,166 | -€136 | -10.5% |
| Taxes, remuneration and social security | 45 | €17,500 | €8,000 | -€9,500 | -54.3% |
| Taxes | 450/3 | €14,000 | €8,000 | -€6,000 | -42.9% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Other amounts payable | 47/48 | €0 | €218,748 | +€218,748 | |
| Turnover | 70 | €582,831 | €744,092 | +€161,261 | +27.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €477,850 | €412,058 | -€65,792 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,143 | €47,328 | -€4,815 | -9.2% |
| Other operating charges | 640/8 | €2,623 | €3,142 | +€519 | +19.8% |
| Gross operating margin | 9900 | €132,327 | €354,931 | +€222,604 | +168% |
| Operating profit (loss) | 9901 | €77,561 | €304,461 | +€226,900 | +293% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €19,134 | €32,510 | +€13,377 | +69.9% |
| Recurring financial charges | 65 | €19,134 | €32,510 | +€13,377 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €58,440 | €271,951 | +€213,511 | +365% |
| Income taxes | 67/77 | €17,863 | €72,763 | +€54,901 | +307% |
| Profit (loss) for the period | 9904 | €40,577 | €199,187 | +€158,610 | +391% |
| Profit (loss) for the period to be appropriated | 9905 | €40,577 | €199,187 | +€158,610 | +391% |
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 13 October 2026 via checked.be.