ENDOHOLIC: 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.
ENDOHOLIC
Largest movements
- Cash +€20,501
up €20,501 (+59.8%), from €34,286 to €54,787
mainly Depreciation (+€17,238) and Net result for the year (+€16,921)
- Tangible fixed assets -€17,238
down €17,238 (-7.5%), from €230,190 to €212,952
of which Furniture and vehicles: -€14,424
- Deferred charges and accrued income -€11,230
no longer reported in 2025 (was €11,230)
- Receivables within one year +€3,263
up €3,263 (+74486.3%), from €4 to €3,267
- Debts after one year -€22,063
down €22,063 (-23.5%), from €93,775 to €71,712
- Reserves +€16,921
up €16,921 (+12.4%), from €136,129 to €153,050
- Gross operating margin +€11,618
up €11,618 (+30.0%), from €38,737 to €50,355
- Other operating charges +€6,114
up €6,114 (+1134.5%), from €539 to €6,653
- Taxes +€1,537
up €1,537 (+29.2%), from €5,261 to €6,798
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 | €275,710 | €271,005 | -€4,705 | -1.7% |
| Fixed assets | 21/28 | €230,190 | €212,952 | -€17,238 | -7.5% |
| Tangible fixed assets | 22/27 | €230,190 | €212,952 | -€17,238 | -7.5% |
| Land and buildings | 22 | €184,848 | €182,800 | -€2,049 | -1.1% |
| Plant, machinery and equipment | 23 | €3,648 | €2,883 | -€765 | -21.0% |
| Furniture and vehicles | 24 | €41,694 | €27,269 | -€14,424 | -34.6% |
| Current assets | 29/58 | €45,520 | €58,054 | +€12,533 | +27.5% |
| Amounts receivable within one year | 40/41 | €4 | €3,267 | +€3,263 | +74486.3% |
| Other amounts receivable | 41 | €4 | €3,267 | +€3,263 | +74486.3% |
| Cash at bank and in hand | 54/58 | €34,286 | €54,787 | +€20,501 | +59.8% |
| Deferred charges and accrued income | 490/1 | €11,230 | - | -€11,230 | |
| Total equity and liabilities | 10/49 | €275,710 | €271,005 | -€4,705 | -1.7% |
| Equity | 10/15 | €141,129 | €158,050 | +€16,921 | +12.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €136,129 | €153,050 | +€16,921 | +12.4% |
| Distributable reserves | 133 | €136,129 | €153,050 | +€16,921 | +12.4% |
| Amounts payable | 17/49 | €134,581 | €112,955 | -€21,626 | -16.1% |
| Amounts payable after more than one year | 17 | €93,775 | €71,712 | -€22,063 | -23.5% |
| Financial debts | 170/4 | €93,775 | €71,712 | -€22,063 | -23.5% |
| Amounts payable within one year | 42/48 | €40,806 | €41,243 | +€437 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €21,596 | €22,063 | +€466 | +2.2% |
| Other amounts payable | 47/48 | €19,210 | €19,181 | -€29 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,123 | €17,238 | +€115 | +0.7% |
| Other operating charges | 640/8 | €539 | €6,653 | +€6,114 | +1134.5% |
| Gross operating margin | 9900 | €38,737 | €50,355 | +€11,618 | +30.0% |
| Operating profit (loss) | 9901 | €21,075 | €26,464 | +€5,388 | +25.6% |
| Financial income | 75/76B | €207 | €216 | +€9 | +4.1% |
| Recurring financial income | 75 | €207 | €216 | +€9 | +4.1% |
| Non-recurring financial income | 76B | €207 | €216 | +€9 | +4.1% |
| Financial charges | 65/66B | €3,414 | €2,961 | -€453 | -13.3% |
| Recurring financial charges | 65 | €3,414 | €2,961 | -€453 | -13.3% |
| Non-recurring financial charges | 66B | €3,414 | €2,961 | -€453 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €17,869 | €23,719 | +€5,850 | +32.7% |
| Income taxes | 67/77 | €5,261 | €6,798 | +€1,537 | +29.2% |
| Profit (loss) for the period | 9904 | €12,607 | €16,921 | +€4,313 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,607 | €16,921 | +€4,313 | +34.2% |
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 7 October 2026 via checked.be.