ENAVANTA: 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.
ENAVANTA
Largest movements
- Cash +€48,155
up €48,155 (+15.4%), from €313,429 to €361,583
mainly Other debts (+€162,993) and Net result for the year (+€71,135)
- Receivables within one year -€42,073
down €42,073 (-71.7%), from €58,640 to €16,567
of which Trade receivables: -€52,836
- Tangible fixed assets -€6,944
down €6,944 (-14.0%), from €49,735 to €42,791
of which Furniture and vehicles: -€6,032
- Other debts +€162,993
up €162,993 (+362%), from €45,064 to €208,057
- Reserves -€115,586
down €115,586 (-39.1%), from €295,276 to €179,690
- Tax, wage and social debts -€41,419
down €41,419 (-88.2%), from €46,957 to €5,538
- Debts after one year -€8,586
down €8,586 (-53.8%), from €15,956 to €7,369
- Gross operating margin -€52,262
down €52,262 (-32.6%), from €160,369 to €108,107
- Taxes -€15,052
down €15,052 (-43.0%), from €34,988 to €19,936
- Financial charges +€2,713
up €2,713 (+60.2%), from €4,511 to €7,224
- Financial income -€1,938
down €1,938 (-45.0%), from €4,307 to €2,369
- Other operating charges +€1,623
up €1,623 (+295%), from €550 to €2,173
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,736 | €424,304 | -€1,433 | -0.3% |
| Fixed assets | 21/28 | €49,840 | €42,896 | -€6,944 | -13.9% |
| Tangible fixed assets | 22/27 | €49,735 | €42,791 | -€6,944 | -14.0% |
| Plant, machinery and equipment | 23 | €1,889 | €978 | -€912 | -48.3% |
| Furniture and vehicles | 24 | €23,846 | €17,814 | -€6,032 | -25.3% |
| Other tangible fixed assets | 26 | €24,000 | €24,000 | = | 0.0% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €375,896 | €381,407 | +€5,511 | +1.5% |
| Amounts receivable within one year | 40/41 | €58,640 | €16,567 | -€42,073 | -71.7% |
| Trade receivables | 40 | €58,635 | €5,799 | -€52,836 | -90.1% |
| Other amounts receivable | 41 | €5 | €10,768 | +€10,763 | +207,380% |
| Cash at bank and in hand | 54/58 | €313,429 | €361,583 | +€48,155 | +15.4% |
| Deferred charges and accrued income | 490/1 | €3,827 | €3,257 | -€570 | -14.9% |
| Total equity and liabilities | 10/49 | €425,736 | €424,304 | -€1,433 | -0.3% |
| Equity | 10/15 | €300,276 | €184,690 | -€115,586 | -38.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €295,276 | €179,690 | -€115,586 | -39.1% |
| Distributable reserves | 133 | €295,276 | €179,690 | -€115,586 | -39.1% |
| Amounts payable | 17/49 | €125,460 | €239,614 | +€114,154 | +91.0% |
| Amounts payable after more than one year | 17 | €15,956 | €7,369 | -€8,586 | -53.8% |
| Financial debts | 170/4 | €15,956 | €7,369 | -€8,586 | -53.8% |
| Amounts payable within one year | 42/48 | €106,316 | €226,026 | +€119,710 | +113% |
| Current portion of amounts payable after more than one year | 42 | €8,315 | €8,586 | +€272 | +3.3% |
| Trade debts | 44 | €4,974 | €3,844 | -€1,130 | -22.7% |
| Suppliers | 440/4 | €4,974 | €3,844 | -€1,130 | -22.7% |
| Advances received on contracts in progress | 46 | €1,006 | - | -€1,006 | |
| Taxes, remuneration and social security | 45 | €46,957 | €5,538 | -€41,419 | -88.2% |
| Taxes | 450/3 | €46,957 | €5,538 | -€41,419 | -88.2% |
| Other amounts payable | 47/48 | €45,064 | €208,057 | +€162,993 | +362% |
| Accrued charges and deferred income | 492/3 | €3,189 | €6,219 | +€3,030 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,041 | €10,008 | +€966 | +10.7% |
| Other operating charges | 640/8 | €550 | €2,173 | +€1,623 | +295% |
| Gross operating margin | 9900 | €160,369 | €108,107 | -€52,262 | -32.6% |
| Operating profit (loss) | 9901 | €150,778 | €95,926 | -€54,852 | -36.4% |
| Financial income | 75/76B | €4,307 | €2,369 | -€1,938 | -45.0% |
| Recurring financial income | 75 | €4,307 | €2,369 | -€1,938 | -45.0% |
| Financial charges | 65/66B | €4,511 | €7,224 | +€2,713 | +60.2% |
| Recurring financial charges | 65 | €4,511 | €7,224 | +€2,713 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €150,574 | €91,071 | -€59,503 | -39.5% |
| Income taxes | 67/77 | €34,988 | €19,936 | -€15,052 | -43.0% |
| Profit (loss) for the period | 9904 | €115,586 | €71,135 | -€44,452 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,586 | €71,135 | -€44,452 | -38.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.