ENDOSIDE: 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.
ENDOSIDE
Largest movements
- Cash +€43,280
up €43,280 (+61.9%), from €69,873 to €113,153
mainly Net result for the year (+€72,494) and Depreciation (+€3,588)
- Receivables within one year +€20,968
up €20,968 (+75.3%), from €27,856 to €48,825
of which Other amounts receivable: +€20,912
- Deferred charges and accrued income -€3,265
down €3,265 (-82.4%), from €3,961 to €696
- Profit (loss) carried forward +€72,494
up €72,494 (+84.7%), from €85,626 to €158,120
- Tax, wage and social debts -€11,768
down €11,768 (-75.5%), from €15,594 to €3,826
- Gross operating margin +€38,818
up €38,818 (+70.1%), from €55,348 to €94,166
- Taxes +€8,201
up €8,201 (+75.3%), from €10,887 to €19,088
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 | €105,069 | €165,710 | +€60,641 | +57.7% |
| Fixed assets | 21/28 | €3,379 | €3,036 | -€342 | -10.1% |
| Tangible fixed assets | 22/27 | €3,379 | €3,036 | -€342 | -10.1% |
| Plant, machinery and equipment | 23 | €1,237 | €0 | -€1,237 | -100.0% |
| Furniture and vehicles | 24 | €2,142 | €3,036 | +€894 | +41.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €101,690 | €162,674 | +€60,984 | +60.0% |
| Amounts receivable within one year | 40/41 | €27,856 | €48,825 | +€20,968 | +75.3% |
| Trade receivables | 40 | - | €56 | +€56 | |
| Other amounts receivable | 41 | €27,856 | €48,769 | +€20,912 | +75.1% |
| Cash at bank and in hand | 54/58 | €69,873 | €113,153 | +€43,280 | +61.9% |
| Deferred charges and accrued income | 490/1 | €3,961 | €696 | -€3,265 | -82.4% |
| Total equity and liabilities | 10/49 | €105,069 | €165,710 | +€60,641 | +57.7% |
| Equity | 10/15 | €88,376 | €160,870 | +€72,494 | +82.0% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,626 | €158,120 | +€72,494 | +84.7% |
| Amounts payable | 17/49 | €16,693 | €4,841 | -€11,852 | -71.0% |
| Amounts payable within one year | 42/48 | €16,693 | €4,841 | -€11,852 | -71.0% |
| Financial debts | 43 | €55 | €89 | +€34 | +62.9% |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Other loans | 439 | €55 | €52 | -€3 | -4.8% |
| Trade debts | 44 | €1,044 | €926 | -€119 | -11.4% |
| Suppliers | 440/4 | €1,044 | €926 | -€119 | -11.4% |
| Taxes, remuneration and social security | 45 | €15,594 | €3,826 | -€11,768 | -75.5% |
| Taxes | 450/3 | €15,594 | €3,826 | -€11,768 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,628 | €3,588 | -€40 | -1.1% |
| Other operating charges | 640/8 | €902 | €723 | -€179 | -19.8% |
| Gross operating margin | 9900 | €55,348 | €94,166 | +€38,818 | +70.1% |
| Operating profit (loss) | 9901 | €50,819 | €89,856 | +€39,037 | +76.8% |
| Financial income | 75/76B | €1,555 | €1,850 | +€295 | +19.0% |
| Recurring financial income | 75 | €1,555 | €1,850 | +€295 | +19.0% |
| Financial charges | 65/66B | €115 | €125 | +€9 | +7.9% |
| Recurring financial charges | 65 | €115 | €125 | +€9 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €52,259 | €91,582 | +€39,323 | +75.2% |
| Income taxes | 67/77 | €10,887 | €19,088 | +€8,201 | +75.3% |
| Profit (loss) for the period | 9904 | €41,372 | €72,494 | +€31,122 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,372 | €72,494 | +€31,122 | +75.2% |
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 30 September 2026 via checked.be.