ENDOMUNDI: 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.
ENDOMUNDI
Largest movements
- Receivables within one year +€85,276
up €85,276 (+396.3%), from €21,516 to €106,792
of which Other amounts receivable: +€68,469
- Tangible fixed assets -€11,782
down €11,782 (-21.7%), from €54,272 to €42,490
of which Furniture and vehicles: -€13,100
- Cash -€9,187
down €9,187 (-83.9%), from €10,955 to €1,768
mainly Receivables within one year (-€85,276) and Contributions, distributions and other (-€80,000)
- Other debts +€52,000
up €52,000 (+185.7%), from €28,000 to €80,000
- Short-term financial debts +€21,000
new in 2025: €21,000
- Debts after one year -€14,096
down €14,096 (-35.1%), from €40,147 to €26,051
- Profit (loss) carried forward +€2,818
up €2,818 (+354.2%), from €796 to €3,614
- Tax, wage and social debts +€1,750
up €1,750 (+51.2%), from €3,421 to €5,171
- Gross operating margin +€115,977
up €115,977 (+1541.3%), from €7,525 to €123,501
- Taxes +€21,020
up €21,020 (+1358.5%), from €1,547 to €22,567
- Depreciation +€10,442
up €10,442 (+220.9%), from €4,728 to €15,170
- Financial charges +€2,766
up €2,766 (+311.9%), from €887 to €3,652
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 | €89,812 | €153,814 | +€64,003 | +71.3% |
| Fixed assets | 21/28 | €54,272 | €42,490 | -€11,782 | -21.7% |
| Tangible fixed assets | 22/27 | €54,272 | €42,490 | -€11,782 | -21.7% |
| Plant, machinery and equipment | 23 | - | €1,318 | +€1,318 | |
| Furniture and vehicles | 24 | €54,272 | €41,172 | -€13,100 | -24.1% |
| Current assets | 29/58 | €35,540 | €111,324 | +€75,785 | +213.2% |
| Amounts receivable within one year | 40/41 | €21,516 | €106,792 | +€85,276 | +396.3% |
| Trade receivables | 40 | - | €16,807 | +€16,807 | |
| Other amounts receivable | 41 | €21,516 | €89,985 | +€68,469 | +318.2% |
| Cash at bank and in hand | 54/58 | €10,955 | €1,768 | -€9,187 | -83.9% |
| Deferred charges and accrued income | 490/1 | €3,069 | €2,765 | -€304 | -9.9% |
| Total equity and liabilities | 10/49 | €89,812 | €153,814 | +€64,003 | +71.3% |
| Equity | 10/15 | €4,296 | €7,114 | +€2,818 | +65.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €796 | €3,614 | +€2,818 | +354.2% |
| Amounts payable | 17/49 | €85,516 | €146,701 | +€61,185 | +71.5% |
| Amounts payable after more than one year | 17 | €40,147 | €26,051 | -€14,096 | -35.1% |
| Financial debts | 170/4 | €40,147 | €26,051 | -€14,096 | -35.1% |
| Amounts payable within one year | 42/48 | €44,969 | €120,650 | +€75,680 | +168.3% |
| Current portion of amounts payable after more than one year | 42 | €13,549 | €14,096 | +€547 | +4.0% |
| Financial debts | 43 | - | €21,000 | +€21,000 | |
| Credit institutions | 430/8 | - | €21,000 | +€21,000 | |
| Trade debts | 44 | - | €383 | +€383 | |
| Suppliers | 440/4 | - | €383 | +€383 | |
| Taxes, remuneration and social security | 45 | €3,421 | €5,171 | +€1,750 | +51.2% |
| Taxes | 450/3 | €3,421 | €5,171 | +€1,750 | +51.2% |
| Other amounts payable | 47/48 | €28,000 | €80,000 | +€52,000 | +185.7% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €15,170 | +€10,442 | +220.9% |
| Other operating charges | 640/8 | €400 | €853 | +€454 | +113.5% |
| Gross operating margin | 9900 | €7,525 | €123,501 | +€115,977 | +1541.3% |
| Operating profit (loss) | 9901 | €2,397 | €107,478 | +€105,081 | +4384.4% |
| Financial income | 75/76B | €1,938 | €1,560 | -€379 | -19.5% |
| Recurring financial income | 75 | €1,938 | €1,560 | -€379 | -19.5% |
| Financial charges | 65/66B | €887 | €3,652 | +€2,766 | +311.9% |
| Recurring financial charges | 65 | €887 | €3,652 | +€2,766 | +311.9% |
| Profit (loss) for the period before taxes | 9903 | €3,448 | €105,385 | +€101,937 | +2956.2% |
| Income taxes | 67/77 | €1,547 | €22,567 | +€21,020 | +1358.5% |
| Profit (loss) for the period | 9904 | €1,901 | €82,818 | +€80,917 | +4256.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,901 | €82,818 | +€80,917 | +4256.7% |
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 6 October 2026 via checked.be.