ENDOVISION: 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.
ENDOVISION
Largest movements
- Receivables within one year +€160,457
up €160,457 (+51.1%), from €314,040 to €474,497
of which Other amounts receivable: +€100,604
- Stocks and contracts -€29,528
down €29,528 (-15.5%), from €189,983 to €160,455
- Tangible fixed assets -€7,280
down €7,280 (-40.3%), from €18,049 to €10,769
of which Furniture and vehicles: -€6,290
- Trade debts +€79,263
up €79,263 (+48.4%), from €163,859 to €243,122
- Debts after one year +€78,296
new in 2025: €78,296
- Profit (loss) carried forward -€56,399
down €56,399, from €38,370 to -€18,029
- Tax, wage and social debts +€19,057
up €19,057 (+60.8%), from €31,329 to €50,386
of which Taxes: +€12,950
- Short-term financial debts -€17,654
down €17,654 (-10.3%), from €171,329 to €153,675
- Staff costs +€61,544
up €61,544 (+47.3%), from €130,172 to €191,716
- Gross operating margin +€40,768
up €40,768 (+21.1%), from €192,787 to €233,555
- Financial charges -€9,228
down €9,228 (-29.6%), from €31,165 to €21,938
- Financial income +€9,143
up €9,143 (+479.3%), from €1,908 to €11,050
- Taxes -€5,673
down €5,673 (-88.7%), from €6,398 to €725
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 | €553,800 | €669,623 | +€115,823 | +20.9% |
| Fixed assets | 21/28 | €18,049 | €10,769 | -€7,280 | -40.3% |
| Tangible fixed assets | 22/27 | €18,049 | €10,769 | -€7,280 | -40.3% |
| Plant, machinery and equipment | 23 | €6,051 | €5,298 | -€753 | -12.4% |
| Furniture and vehicles | 24 | €8,628 | €2,338 | -€6,290 | -72.9% |
| Other tangible fixed assets | 26 | €3,370 | €3,133 | -€237 | -7.0% |
| Current assets | 29/58 | €535,751 | €658,854 | +€123,103 | +23.0% |
| Stocks and contracts in progress | 3 | €189,983 | €160,455 | -€29,528 | -15.5% |
| Stocks | 30/36 | €189,983 | €160,455 | -€29,528 | -15.5% |
| Amounts receivable within one year | 40/41 | €314,040 | €474,497 | +€160,457 | +51.1% |
| Trade receivables | 40 | €246,244 | €306,097 | +€59,853 | +24.3% |
| Other amounts receivable | 41 | €67,796 | €168,400 | +€100,604 | +148.4% |
| Cash at bank and in hand | 54/58 | €22,111 | €16,869 | -€5,243 | -23.7% |
| Deferred charges and accrued income | 490/1 | €9,617 | €7,033 | -€2,583 | -26.9% |
| Total equity and liabilities | 10/49 | €553,800 | €669,623 | +€115,823 | +20.9% |
| Equity | 10/15 | €158,830 | €102,431 | -€56,399 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,370 | -€18,029 | -€56,399 | |
| Amounts payable | 17/49 | €394,970 | €567,192 | +€172,222 | +43.6% |
| Amounts payable after more than one year | 17 | - | €78,296 | +€78,296 | |
| Financial debts | 170/4 | - | €78,296 | +€78,296 | |
| Amounts payable within one year | 42/48 | €371,918 | €465,844 | +€93,927 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €18,661 | +€13,261 | +245.6% |
| Financial debts | 43 | €171,329 | €153,675 | -€17,654 | -10.3% |
| Credit institutions | 430/8 | €171,329 | €153,675 | -€17,654 | -10.3% |
| Trade debts | 44 | €163,859 | €243,122 | +€79,263 | +48.4% |
| Suppliers | 440/4 | €163,859 | €243,122 | +€79,263 | +48.4% |
| Taxes, remuneration and social security | 45 | €31,329 | €50,386 | +€19,057 | +60.8% |
| Taxes | 450/3 | €20,225 | €33,175 | +€12,950 | +64.0% |
| Remuneration and social security | 454/9 | €11,104 | €17,211 | +€6,107 | +55.0% |
| Accrued charges and deferred income | 492/3 | €23,052 | €23,052 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €130,172 | €191,716 | +€61,544 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,988 | €7,280 | -€3,708 | -33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,034 | €6,606 | +€572 | +9.5% |
| Other operating charges | 640/8 | €3,772 | €4,416 | +€644 | +17.1% |
| Non-recurring operating charges | 66A | - | €68,324 | +€68,324 | |
| Gross operating margin | 9900 | €192,787 | €233,555 | +€40,768 | +21.1% |
| Operating profit (loss) | 9901 | €41,821 | -€44,787 | -€86,608 | |
| Financial income | 75/76B | €1,908 | €11,050 | +€9,143 | +479.3% |
| Recurring financial income | 75 | €1,908 | €11,050 | +€9,143 | +479.3% |
| Financial charges | 65/66B | €31,165 | €21,938 | -€9,228 | -29.6% |
| Recurring financial charges | 65 | €31,165 | €21,938 | -€9,228 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €12,563 | -€55,674 | -€68,237 | |
| Income taxes | 67/77 | €6,398 | €725 | -€5,673 | -88.7% |
| Profit (loss) for the period | 9904 | €6,165 | -€56,399 | -€62,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,165 | -€56,399 | -€62,564 |
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 4 October 2026 via checked.be.