Endorphine: 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.
Endorphine
Largest movements
- Deferred charges and accrued income -€26,232
down €26,232 (-75.8%), from €34,627 to €8,396
- Tangible fixed assets -€20,062
down €20,062 (-36.9%), from €54,384 to €34,322
of which Furniture and vehicles: -€16,359
- Cash +€15,234
up €15,234 (+1765.2%), from €863 to €16,097
mainly Deferred charges and accrued income (+€26,232) and Depreciation (+€20,062)
- Receivables within one year -€1,289
down €1,289 (-85.9%), from €1,500 to €211
- Trade debts -€24,519
down €24,519 (-98.6%), from €24,859 to €340
- Other debts -€8,154
down €8,154 (-11.4%), from €71,796 to €63,642
- Gross operating margin +€17,835
up €17,835 (+514.5%), from €3,466 to €21,301
- Depreciation -€517
down €517 (-2.5%), from €20,579 to €20,062
- Other operating charges -€259
down €259 (-30.1%), from €860 to €601
- Taxes -€218
down €218 (-41.8%), from €522 to €304
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 | €91,374 | €59,025 | -€32,349 | -35.4% |
| Fixed assets | 21/28 | €54,384 | €34,322 | -€20,062 | -36.9% |
| Tangible fixed assets | 22/27 | €54,384 | €34,322 | -€20,062 | -36.9% |
| Plant, machinery and equipment | 23 | €12,684 | €8,981 | -€3,703 | -29.2% |
| Furniture and vehicles | 24 | €41,700 | €25,341 | -€16,359 | -39.2% |
| Current assets | 29/58 | €36,990 | €24,703 | -€12,287 | -33.2% |
| Amounts receivable within one year | 40/41 | €1,500 | €211 | -€1,289 | -85.9% |
| Trade receivables | 40 | €1,500 | €211 | -€1,289 | -85.9% |
| Cash at bank and in hand | 54/58 | €863 | €16,097 | +€15,234 | +1765.2% |
| Deferred charges and accrued income | 490/1 | €34,627 | €8,396 | -€26,232 | -75.8% |
| Total equity and liabilities | 10/49 | €91,374 | €59,025 | -€32,349 | -35.4% |
| Equity | 10/15 | -€5,587 | -€5,461 | +€126 | +2.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,587 | -€8,461 | +€126 | +1.5% |
| Amounts payable | 17/49 | €96,961 | €64,486 | -€32,475 | -33.5% |
| Amounts payable within one year | 42/48 | €96,961 | €64,486 | -€32,475 | -33.5% |
| Trade debts | 44 | €24,859 | €340 | -€24,519 | -98.6% |
| Suppliers | 440/4 | €24,859 | €340 | -€24,519 | -98.6% |
| Taxes, remuneration and social security | 45 | €306 | €504 | +€198 | +64.7% |
| Taxes | 450/3 | €306 | €504 | +€198 | +64.7% |
| Other amounts payable | 47/48 | €71,796 | €63,642 | -€8,154 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,579 | €20,062 | -€517 | -2.5% |
| Other operating charges | 640/8 | €860 | €601 | -€259 | -30.1% |
| Gross operating margin | 9900 | €3,466 | €21,301 | +€17,835 | +514.5% |
| Operating profit (loss) | 9901 | -€17,974 | €638 | +€18,611 | |
| Financial charges | 65/66B | €198 | €207 | +€10 | +5.0% |
| Recurring financial charges | 65 | €198 | €207 | +€10 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,171 | €430 | +€18,601 | |
| Income taxes | 67/77 | €522 | €304 | -€218 | -41.8% |
| Profit (loss) for the period | 9904 | -€18,693 | €126 | +€18,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,693 | €126 | +€18,819 |
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 3 October 2026 via checked.be.