ENDOYAS: 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.
ENDOYAS
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+2749.3%), from €52,567 to €1.5m
of which Land and buildings: +€1.5m
- Cash -€140,447
down €140,447 (-91.7%), from €153,148 to €12,702
mainly Investment in fixed assets (net) (-€1.5m) and Net result for the year (-€55,548)
- Intangible fixed assets -€27,208
down €27,208 (-100.0%), from €27,208 to €0
- Receivables within one year -€20,429
down €20,429 (-39.6%), from €51,625 to €31,196
of which Trade receivables: -€32,495
- Debts after one year +€1.1m
up €1.1m (+2901.1%), from €39,349 to €1.2m
- Other debts +€130,000
up €130,000 (+433.3%), from €30,000 to €160,000
- Reserves -€55,359
down €55,359 (-32.2%), from €172,000 to €116,641
- Short-term financial debts +€44,906
new in 2025: €44,906
- Gross operating margin -€65,393
down €65,393 (-73.0%), from €89,625 to €24,233
- Depreciation +€42,371
up €42,371 (+145.7%), from €29,088 to €71,460
- Taxes -€11,951
down €11,951 (-95.5%), from €12,512 to €561
- Financial charges +€6,505
up €6,505 (+456.3%), from €1,426 to €7,931
- Other operating charges -€2,918
down €2,918 (-79.2%), from €3,686 to €768
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 | €289,690 | €1,547,668 | +€1.3m | +434.2% |
| Fixed assets | 21/28 | €79,775 | €1,497,790 | +€1.4m | +1777.5% |
| Intangible fixed assets | 21 | €27,208 | €0 | -€27,208 | -100.0% |
| Tangible fixed assets | 22/27 | €52,567 | €1,497,790 | +€1.4m | +2749.3% |
| Land and buildings | 22 | - | €1,455,978 | +€1.5m | |
| Furniture and vehicles | 24 | €52,567 | €41,811 | -€10,756 | -20.5% |
| Current assets | 29/58 | €209,915 | €49,878 | -€160,037 | -76.2% |
| Amounts receivable within one year | 40/41 | €51,625 | €31,196 | -€20,429 | -39.6% |
| Trade receivables | 40 | €32,495 | €0 | -€32,495 | -100.0% |
| Other amounts receivable | 41 | €19,130 | €31,196 | +€12,066 | +63.1% |
| Cash at bank and in hand | 54/58 | €153,148 | €12,702 | -€140,447 | -91.7% |
| Deferred charges and accrued income | 490/1 | €5,141 | €5,980 | +€839 | +16.3% |
| Total equity and liabilities | 10/49 | €289,690 | €1,547,668 | +€1.3m | +434.2% |
| Equity | 10/15 | €190,789 | €135,241 | -€55,548 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €172,000 | €116,641 | -€55,359 | -32.2% |
| Distributable reserves | 133 | €172,000 | €116,641 | -€55,359 | -32.2% |
| Profit (loss) carried forward | 14 | €189 | €0 | -€189 | -100.0% |
| Amounts payable | 17/49 | €98,901 | €1,412,427 | +€1.3m | +1328.1% |
| Amounts payable after more than one year | 17 | €39,349 | €1,180,903 | +€1.1m | +2901.1% |
| Financial debts | 170/4 | €39,349 | €1,180,903 | +€1.1m | +2901.1% |
| Amounts payable within one year | 42/48 | €59,370 | €231,524 | +€172,154 | +290.0% |
| Current portion of amounts payable after more than one year | 42 | €19,919 | €10,665 | -€9,254 | -46.5% |
| Financial debts | 43 | - | €44,906 | +€44,906 | |
| Credit institutions | 430/8 | - | €44,906 | +€44,906 | |
| Trade debts | 44 | €3,452 | €942 | -€2,510 | -72.7% |
| Suppliers | 440/4 | €3,452 | €942 | -€2,510 | -72.7% |
| Taxes, remuneration and social security | 45 | €6,000 | €15,011 | +€9,011 | +150.2% |
| Taxes | 450/3 | €6,000 | €12,477 | +€6,477 | +107.9% |
| Remuneration and social security | 454/9 | - | €2,534 | +€2,534 | |
| Other amounts payable | 47/48 | €30,000 | €160,000 | +€130,000 | +433.3% |
| Accrued charges and deferred income | 492/3 | €182 | €0 | -€182 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,088 | €71,460 | +€42,371 | +145.7% |
| Other operating charges | 640/8 | €3,686 | €768 | -€2,918 | -79.2% |
| Non-recurring operating charges | 66A | €1,127 | €0 | -€1,127 | -100.0% |
| Gross operating margin | 9900 | €89,625 | €24,233 | -€65,393 | -73.0% |
| Operating profit (loss) | 9901 | €55,724 | -€47,995 | -€103,719 | |
| Financial income | 75/76B | €1,066 | €940 | -€126 | -11.9% |
| Recurring financial income | 75 | €1,066 | €940 | -€126 | -11.9% |
| Financial charges | 65/66B | €1,426 | €7,931 | +€6,505 | +456.3% |
| Recurring financial charges | 65 | €1,426 | €7,931 | +€6,505 | +456.3% |
| Profit (loss) for the period before taxes | 9903 | €55,364 | -€54,987 | -€110,351 | |
| Income taxes | 67/77 | €12,512 | €561 | -€11,951 | -95.5% |
| Profit (loss) for the period | 9904 | €42,852 | -€55,548 | -€98,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,852 | -€55,548 | -€98,401 |
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 6 October 2026 via checked.be.