Endréol: 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.
Endréol
Largest movements
- Cash -€134,723
down €134,723 (-49.3%), from €273,407 to €138,684
mainly Current investments (-€105,000) and Investment in fixed assets (net) (-€60,826)
- Current investments +€105,000
up €105,000 (+140%), from €75,140 to €180,140
- Tangible fixed assets +€49,996
up €49,996 (+260%), from €19,226 to €69,222
- Receivables within one year +€10,725
up €10,725 (+20.6%), from €52,030 to €62,754
of which Other amounts receivable: +€5,472
- Reserves +€56,249
up €56,249 (+21.2%), from €264,906 to €321,155
- Tax, wage and social debts -€15,646
down €15,646 (-11.3%), from €138,333 to €122,687
of which Taxes: -€12,236
- Trade debts -€6,797
down €6,797 (-58.1%), from €11,704 to €4,907
- Gross operating margin -€131,960
down €131,960 (-48.5%), from €271,965 to €140,005
- Taxes -€59,395
down €59,395 (-71.7%), from €82,849 to €23,454
- Financial charges +€48,865
up €48,865 (+35,825%), from €136 to €49,001
- Depreciation +€9,176
up €9,176 (+555%), from €1,654 to €10,830
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 | €419,943 | €453,748 | +€33,806 | +8.1% |
| Fixed assets | 21/28 | €19,226 | €69,222 | +€49,996 | +260% |
| Tangible fixed assets | 22/27 | €19,226 | €69,222 | +€49,996 | +260% |
| Furniture and vehicles | 24 | €19,226 | €69,222 | +€49,996 | +260% |
| Current assets | 29/58 | €400,716 | €384,526 | -€16,190 | -4.0% |
| Amounts receivable within one year | 40/41 | €52,030 | €62,754 | +€10,725 | +20.6% |
| Trade receivables | 40 | €45,105 | €50,357 | +€5,252 | +11.6% |
| Other amounts receivable | 41 | €6,925 | €12,397 | +€5,472 | +79.0% |
| Current investments | 50/53 | €75,140 | €180,140 | +€105,000 | +140% |
| Cash at bank and in hand | 54/58 | €273,407 | €138,684 | -€134,723 | -49.3% |
| Deferred charges and accrued income | 490/1 | €140 | €2,948 | +€2,808 | +2,006% |
| Total equity and liabilities | 10/49 | €419,943 | €453,748 | +€33,806 | +8.1% |
| Equity | 10/15 | €269,906 | €326,155 | +€56,249 | +20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €264,906 | €321,155 | +€56,249 | +21.2% |
| Distributable reserves | 133 | €264,906 | €321,155 | +€56,249 | +21.2% |
| Amounts payable | 17/49 | €150,037 | €127,593 | -€22,443 | -15.0% |
| Amounts payable within one year | 42/48 | €150,037 | €127,593 | -€22,443 | -15.0% |
| Trade debts | 44 | €11,704 | €4,907 | -€6,797 | -58.1% |
| Suppliers | 440/4 | €11,704 | €4,907 | -€6,797 | -58.1% |
| Taxes, remuneration and social security | 45 | €138,333 | €122,687 | -€15,646 | -11.3% |
| Taxes | 450/3 | €134,923 | €122,687 | -€12,236 | -9.1% |
| Remuneration and social security | 454/9 | €3,410 | - | -€3,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €10,830 | +€9,176 | +555% |
| Other operating charges | 640/8 | - | €994 | +€994 | |
| Gross operating margin | 9900 | €271,965 | €140,005 | -€131,960 | -48.5% |
| Operating profit (loss) | 9901 | €270,311 | €128,181 | -€142,130 | -52.6% |
| Financial income | 75/76B | €211 | €523 | +€313 | +148% |
| Recurring financial income | 75 | €211 | €523 | +€313 | +148% |
| Financial charges | 65/66B | €136 | €49,001 | +€48,865 | +35,825% |
| Recurring financial charges | 65 | €136 | €49,001 | +€48,865 | +35,825% |
| Profit (loss) for the period before taxes | 9903 | €270,385 | €79,703 | -€190,683 | -70.5% |
| Income taxes | 67/77 | €82,849 | €23,454 | -€59,395 | -71.7% |
| Profit (loss) for the period | 9904 | €187,536 | €56,249 | -€131,287 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,536 | €56,249 | -€131,287 | -70.0% |
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 16 October 2026 via checked.be.