Endor: 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.
Endor
Largest movements
- Receivables within one year +€11,958
up €11,958 (+43.6%), from €27,404 to €39,361
of which Other amounts receivable: +€11,958
- Other debts +€15,349
up €15,349 (+218.6%), from €7,023 to €22,371
- Tax, wage and social debts -€3,611
no longer reported in 2025 (was €3,611)
- Profit (loss) carried forward +€945
up €945 (+28.2%), from -€3,352 to -€2,407
- Other operating charges -€633
down €633 (-41.3%), from €1,534 to €901
- Financial income +€424
up €424 (+25.2%), from €1,680 to €2,104
- Gross operating margin +€424
no longer reported in 2025 (was -€424)
- Depreciation -€378
down €378 (-64.1%), from €590 to €212
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 | €79,658 | €91,834 | +€12,176 | +15.3% |
| Fixed assets | 21/28 | €574 | €363 | -€212 | -36.9% |
| Tangible fixed assets | 22/27 | €294 | €83 | -€212 | -71.9% |
| Plant, machinery and equipment | 23 | €294 | €83 | -€212 | -71.9% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €79,084 | €91,472 | +€12,388 | +15.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,404 | €39,361 | +€11,958 | +43.6% |
| Trade receivables | 40 | €15,896 | €15,896 | = | 0.0% |
| Other amounts receivable | 41 | €11,507 | €23,465 | +€11,958 | +103.9% |
| Cash at bank and in hand | 54/58 | - | €6 | +€6 | |
| Deferred charges and accrued income | 490/1 | €1,680 | €2,104 | +€424 | +25.2% |
| Total equity and liabilities | 10/49 | €79,658 | €91,834 | +€12,176 | +15.3% |
| Equity | 10/15 | €68,518 | €69,463 | +€945 | +1.4% |
| Contributions | 10/11 | €70,570 | €70,570 | = | 0.0% |
| Capital | 10 | €70,570 | €70,570 | = | 0.0% |
| Issued capital | 100 | €71,100 | €71,100 | = | 0.0% |
| Uncalled capital | 101 | €530 | €530 | = | 0.0% |
| Reserves | 13 | €1,300 | €1,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Legal reserve | 130 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,352 | -€2,407 | +€945 | +28.2% |
| Amounts payable | 17/49 | €11,140 | €22,371 | +€11,231 | +100.8% |
| Amounts payable within one year | 42/48 | €11,140 | €22,371 | +€11,231 | +100.8% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €505 | - | -€505 | |
| Suppliers | 440/4 | €505 | - | -€505 | |
| Taxes, remuneration and social security | 45 | €3,611 | - | -€3,611 | |
| Taxes | 450/3 | €3,611 | - | -€3,611 | |
| Other amounts payable | 47/48 | €7,023 | €22,371 | +€15,349 | +218.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €212 | -€378 | -64.1% |
| Other operating charges | 640/8 | €1,534 | €901 | -€633 | -41.3% |
| Gross operating margin | 9900 | -€424 | - | +€424 | |
| Operating profit (loss) | 9901 | -€2,548 | -€1,113 | +€1,435 | +56.3% |
| Financial income | 75/76B | €1,680 | €2,104 | +€424 | +25.2% |
| Recurring financial income | 75 | €1,680 | €2,104 | +€424 | +25.2% |
| Financial charges | 65/66B | €45 | €47 | +€2 | +3.4% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€913 | €945 | +€1,857 | |
| Profit (loss) for the period | 9904 | -€913 | €945 | +€1,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€913 | €945 | +€1,857 |
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 11 October 2026 via checked.be.