Endoverdi: 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.
Endoverdi
Largest movements
- Deferred charges and accrued income +€96,100
up €96,100 (+320%), from €30,026 to €126,126
- Cash +€66,700
up €66,700 (+170%), from €39,185 to €105,885
mainly Other debts (+€227,489) and Net result for the year (+€166,359)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Receivables within one year -€25,821
no longer reported in 2025 (was €25,821)
- Receivables after one year -€25,650
no longer reported in 2025 (was €25,650)
- Other debts +€227,489
new in 2025: €227,489
- Reserves -€161,335
no longer reported in 2025 (was €161,335)
- Tax, wage and social debts -€14,581
down €14,581 (-81.2%), from €17,958 to €3,377
- Gross operating margin +€102,177
up €102,177 (+89.2%), from €114,508 to €216,685
- Taxes +€26,567
up €26,567 (+112%), from €23,810 to €50,377
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.
Derived cash bridge
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 | €183,008 | €235,194 | +€52,186 | +28.5% |
| Fixed assets | 21/28 | €2,326 | €3,183 | +€857 | +36.8% |
| Tangible fixed assets | 22/27 | €2,326 | €3,183 | +€857 | +36.8% |
| Furniture and vehicles | 24 | €2,326 | €3,183 | +€857 | +36.8% |
| Current assets | 29/58 | €180,682 | €232,011 | +€51,329 | +28.4% |
| Amounts receivable after more than one year | 29 | €25,650 | - | -€25,650 | |
| Other amounts receivable | 291 | €25,650 | - | -€25,650 | |
| Amounts receivable within one year | 40/41 | €25,821 | - | -€25,821 | |
| Other amounts receivable | 41 | €25,821 | - | -€25,821 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €39,185 | €105,885 | +€66,700 | +170% |
| Deferred charges and accrued income | 490/1 | €30,026 | €126,126 | +€96,100 | +320% |
| Total equity and liabilities | 10/49 | €183,008 | €235,194 | +€52,186 | +28.5% |
| Equity | 10/15 | €164,335 | €3,000 | -€161,335 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €161,335 | - | -€161,335 | |
| Distributable reserves | 133 | €161,335 | - | -€161,335 | |
| Amounts payable | 17/49 | €18,673 | €232,194 | +€213,521 | +1,143% |
| Amounts payable within one year | 42/48 | €18,673 | €232,194 | +€213,521 | +1,143% |
| Trade debts | 44 | €715 | €1,328 | +€612 | +85.6% |
| Suppliers | 440/4 | €715 | €1,328 | +€612 | +85.6% |
| Taxes, remuneration and social security | 45 | €17,958 | €3,377 | -€14,581 | -81.2% |
| Taxes | 450/3 | €17,958 | €3,377 | -€14,581 | -81.2% |
| Other amounts payable | 47/48 | - | €227,489 | +€227,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €1,048 | +€655 | +166% |
| Other operating charges | 640/8 | €135 | €407 | +€271 | +201% |
| Gross operating margin | 9900 | €114,508 | €216,685 | +€102,177 | +89.2% |
| Operating profit (loss) | 9901 | €113,978 | €215,230 | +€101,251 | +88.8% |
| Financial income | 75/76B | €1,671 | €1,583 | -€87 | -5.2% |
| Recurring financial income | 75 | €1,671 | €1,583 | -€87 | -5.2% |
| Financial charges | 65/66B | €100 | €76 | -€24 | -23.7% |
| Recurring financial charges | 65 | €100 | €76 | -€24 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €115,549 | €216,737 | +€101,188 | +87.6% |
| Income taxes | 67/77 | €23,810 | €50,377 | +€26,567 | +112% |
| Profit (loss) for the period | 9904 | €91,738 | €166,359 | +€74,621 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,738 | €166,359 | +€74,621 | +81.3% |
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 14 October 2026 via checked.be.