ENDURANCE: 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.
ENDURANCE
Largest movements
- Cash +€18,064
up €18,064 (+28492.6%), from €63 to €18,128
mainly Net result for the year (+€19,974) and Depreciation (+€3,674)
- Tangible fixed assets -€3,674
down €3,674 (-63.1%), from €5,818 to €2,144
of which Furniture and vehicles: -€3,547
- Receivables within one year +€3,035
up €3,035 (+150.8%), from €2,012 to €5,048
of which Other amounts receivable: +€1,533
- Deferred charges and accrued income -€1,846
down €1,846 (-25.4%), from €7,263 to €5,417
- Profit (loss) carried forward +€19,974
up €19,974 (+47.3%), from -€42,270 to -€22,297
- Debts after one year -€3,643
down €3,643 (-100.0%), from €3,643 to €0
- Current portion of long-term debt -€1,889
down €1,889 (-34.1%), from €5,531 to €3,643
- Tax, wage and social debts -€1,646
down €1,646 (-39.6%), from €4,155 to €2,509
- Accrued charges and deferred income +€1,414
new in 2025: €1,414
- Gross operating margin +€36,937
up €36,937, from -€11,032 to €25,905
- Financial income +€1,414
up €1,414, from €0 to €1,414
- Financial charges +€1,064
up €1,064 (+72.4%), from €1,469 to €2,533
- Depreciation -€631
down €631 (-14.7%), from €4,305 to €3,674
- Other operating charges +€529
up €529 (+86.5%), from €611 to €1,140
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 | €15,156 | €30,736 | +€15,580 | +102.8% |
| Fixed assets | 21/28 | €5,818 | €2,144 | -€3,674 | -63.1% |
| Tangible fixed assets | 22/27 | €5,818 | €2,144 | -€3,674 | -63.1% |
| Plant, machinery and equipment | 23 | €127 | €0 | -€127 | -100.0% |
| Furniture and vehicles | 24 | €5,691 | €2,144 | -€3,547 | -62.3% |
| Current assets | 29/58 | €9,338 | €28,592 | +€19,254 | +206.2% |
| Amounts receivable within one year | 40/41 | €2,012 | €5,048 | +€3,035 | +150.8% |
| Trade receivables | 40 | €1,972 | €3,474 | +€1,502 | +76.2% |
| Other amounts receivable | 41 | €40 | €1,573 | +€1,533 | +3796.3% |
| Cash at bank and in hand | 54/58 | €63 | €18,128 | +€18,064 | +28492.6% |
| Deferred charges and accrued income | 490/1 | €7,263 | €5,417 | -€1,846 | -25.4% |
| Total equity and liabilities | 10/49 | €15,156 | €30,736 | +€15,580 | +102.8% |
| Equity | 10/15 | -€39,570 | -€19,596 | +€19,974 | +50.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,270 | -€22,297 | +€19,974 | +47.3% |
| Amounts payable | 17/49 | €54,726 | €50,333 | -€4,393 | -8.0% |
| Amounts payable after more than one year | 17 | €3,643 | €0 | -€3,643 | -100.0% |
| Financial debts | 170/4 | €3,643 | €0 | -€3,643 | -100.0% |
| Amounts payable within one year | 42/48 | €51,084 | €48,918 | -€2,165 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €5,531 | €3,643 | -€1,889 | -34.1% |
| Trade debts | 44 | €7,401 | €7,710 | +€309 | +4.2% |
| Suppliers | 440/4 | €7,401 | €7,710 | +€309 | +4.2% |
| Taxes, remuneration and social security | 45 | €4,155 | €2,509 | -€1,646 | -39.6% |
| Taxes | 450/3 | €4,155 | €2,509 | -€1,646 | -39.6% |
| Other amounts payable | 47/48 | €33,996 | €35,057 | +€1,060 | +3.1% |
| Accrued charges and deferred income | 492/3 | - | €1,414 | +€1,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,305 | €3,674 | -€631 | -14.7% |
| Other operating charges | 640/8 | €611 | €1,140 | +€529 | +86.5% |
| Gross operating margin | 9900 | -€11,032 | €25,905 | +€36,937 | |
| Operating profit (loss) | 9901 | -€15,948 | €21,092 | +€37,040 | |
| Financial income | 75/76B | €0 | €1,414 | +€1,414 | |
| Recurring financial income | 75 | €0 | €1,414 | +€1,414 | |
| Financial charges | 65/66B | €1,469 | €2,533 | +€1,064 | +72.4% |
| Recurring financial charges | 65 | €1,469 | €2,533 | +€1,064 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,417 | €19,974 | +€37,390 | |
| Profit (loss) for the period | 9904 | -€17,417 | €19,974 | +€37,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,417 | €19,974 | +€37,390 |
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 9 October 2026 via checked.be.