Enovalife: 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.
What changed
Enovalife
NACE 72.101, Research and development on biotechnology
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2.8m
2023 · €3.2m-€447,787
Equity
€7.9m
2023 · €8.2m-€205,637
Cash
€2.4m
2023 · €1.5m+€921,916
Balance sheet total
€21.9m
2023 · €16.3m+€5.6m
Largest movements
Assets
- Receivables within one year +€5.3m
up €5.3m (+40.7%), from €13.0m to €18.3m
of which Other amounts receivable: +€3.6m
- Cash +€921,916
up €921,916 (+62.8%), from €1.5m to €2.4m
mainly Other debts (+€2.9m) and Net result for the year (+€2.8m)
- Financial fixed assets -€354,008
down €354,008 (-99.1%), from €357,092 to €3,084
of which Affiliated companies: -€354,008
- Stocks and contracts -€253,808
down €253,808 (-86.5%), from €293,418 to €39,610
Equity and liabilities
- Other debts +€2.9m
up €2.9m (+4,353%), from €67,652 to €3.0m
- Trade debts +€1.6m
up €1.6m (+60.8%), from €2.7m to €4.3m
- Tax, wage and social debts +€665,779
up €665,779 (+20.2%), from €3.3m to €4.0m
of which Taxes: +€485,317
Income statement
- Staff costs +€1.9m
up €1.9m (+18.1%), from €10.7m to €12.6m
- Turnover +€1.6m
up €1.6m (+7.0%), from €23.5m to €25.2m
- Services and other goods +€735,452
up €735,452 (+9.9%), from €7.4m to €8.1m
- Financial charges +€390,891
up €390,891 (+495%), from €78,915 to €469,806
of which Non-recurring financial charges: +€354,008
From the 2023 result to the 2024 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.
Result 2023
€3.2m
Turnover
+€1.6m
Other operating income
+€238,138
Goods and materials
+€185,710
Services and other goods
-€735,452
Staff costs
-€1.9m
Depreciation
-€26,419
Write-downs
-€17,943
Provisions
-€216,000
Other operating charges
-€33,261
Other operating items
+€418,537
Financial income
+€224,399
Financial charges
-€390,891
Taxes
+€207,799
Result 2024
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.8m
Investment
+€142,367
Financing
-€3.0m
Cash 2023
€1.5m
From operations (derived)
+€3.8m
Net result for the year
+€2.8m
Depreciation
+€60,038
Stocks and contracts
+€253,808
Receivables within one year
-€5.3m
Deferred charges and accrued income
+€192,643
Provisions
+€216,000
Trade debts
+€1.6m
Tax, wage and social debts
+€665,779
Advances received
+€149,845
Other debts
+€2.9m
Accrued charges and deferred income
+€155,729
Investment (derived)
+€142,367
Investment in fixed assets (net)
+€227,617
Current investments
-€85,249
Financing
-€3.0m
Contributions, distributions and other
-€3.0m
Cash 2024
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,347,355 | €21,916,445 | +€5.6m | +34.1% |
| Fixed assets | 21/28 | €467,117 | €179,463 | -€287,654 | -61.6% |
| Intangible fixed assets | 21 | - | €76,569 | +€76,569 | |
| Tangible fixed assets | 22/27 | €110,025 | €99,810 | -€10,215 | -9.3% |
| Plant, machinery and equipment | 23 | €45,571 | €62,266 | +€16,695 | +36.6% |
| Furniture and vehicles | 24 | €10,989 | €9,139 | -€1,850 | -16.8% |
| Other tangible fixed assets | 26 | €3,465 | €28,405 | +€24,940 | +720% |
| Assets under construction and advance payments | 27 | €50,000 | - | -€50,000 | |
| Financial fixed assets | 28 | €357,092 | €3,084 | -€354,008 | -99.1% |
| Affiliated companies | 280/1 | €354,008 | - | -€354,008 | |
| Participating interests | 280 | €354,008 | - | -€354,008 | |
| Other financial fixed assets | 284/8 | €3,084 | €3,084 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,084 | €3,084 | = | 0.0% |
| Current assets | 29/58 | €15,880,238 | €21,736,982 | +€5.9m | +36.9% |
| Stocks and contracts in progress | 3 | €293,418 | €39,610 | -€253,808 | -86.5% |
| Contracts in progress | 37 | €293,418 | €39,610 | -€253,808 | -86.5% |
| Amounts receivable within one year | 40/41 | €12,997,080 | €18,293,110 | +€5.3m | +40.7% |
| Trade receivables | 40 | €7,749,105 | €9,494,183 | +€1.7m | +22.5% |
| Other amounts receivable | 41 | €5,247,975 | €8,798,927 | +€3.6m | +67.7% |
| Current investments | 50/53 | €185,798 | €271,047 | +€85,249 | +45.9% |
| Other investments | 51/53 | €185,798 | €271,047 | +€85,249 | +45.9% |
| Cash at bank and in hand | 54/58 | €1,467,375 | €2,389,291 | +€921,916 | +62.8% |
| Deferred charges and accrued income | 490/1 | €936,567 | €743,924 | -€192,643 | -20.6% |
| Total equity and liabilities | 10/49 | €16,347,355 | €21,916,445 | +€5.6m | +34.1% |
| Equity | 10/15 | €8,151,584 | €7,945,947 | -€205,637 | -2.5% |
| Contributions | 10/11 | €66,542 | €66,542 | -€0 | 0.0% |
| Capital | 10 | €66,542 | €66,542 | -€0 | 0.0% |
| Issued capital | 100 | €66,542 | €66,542 | -€0 | 0.0% |
| Reserves | 13 | €6,654 | €6,654 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,654 | €6,654 | +€0 | 0.0% |
| Legal reserve | 130 | €6,654 | €6,654 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €8,078,388 | €7,872,751 | -€205,637 | -2.5% |
| Provisions and deferred taxes | 16 | - | €216,000 | +€216,000 | |
| Provisions for liabilities and charges | 160/5 | - | €216,000 | +€216,000 | |
| Other liabilities and charges | 164/5 | - | €216,000 | +€216,000 | |
| Amounts payable | 17/49 | €8,195,771 | €13,754,498 | +€5.6m | +67.8% |
| Amounts payable within one year | 42/48 | €8,000,059 | €13,403,057 | +€5.4m | +67.5% |
| Trade debts | 44 | €2,699,337 | €4,341,587 | +€1.6m | +60.8% |
| Suppliers | 440/4 | €2,699,337 | €4,341,587 | +€1.6m | +60.8% |
| Advances received on contracts in progress | 46 | €1,937,003 | €2,086,848 | +€149,845 | +7.7% |
| Taxes, remuneration and social security | 45 | €3,296,067 | €3,961,846 | +€665,779 | +20.2% |
| Taxes | 450/3 | €2,048,257 | €2,533,574 | +€485,317 | +23.7% |
| Remuneration and social security | 454/9 | €1,247,810 | €1,428,273 | +€180,463 | +14.5% |
| Other amounts payable | 47/48 | €67,652 | €3,012,775 | +€2.9m | +4,353% |
| Accrued charges and deferred income | 492/3 | €195,712 | €351,441 | +€155,729 | +79.6% |
| Operating income | 70/76A | €23,765,534 | €26,060,380 | +€2.3m | +9.7% |
| Turnover | 70 | €23,538,620 | €25,178,882 | +€1.6m | +7.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€670,254 | -€253,808 | +€416,446 | +62.1% |
| Other operating income | 74 | €897,168 | €1,135,306 | +€238,138 | +26.5% |
| Operating charges | 60/66A | €19,115,901 | €21,899,841 | +€2.8m | +14.6% |
| Goods for resale, raw materials and consumables | 60 | €963,797 | €778,087 | -€185,710 | -19.3% |
| Purchases | 600/8 | €963,797 | €778,087 | -€185,710 | -19.3% |
| Services and other goods | 61 | €7,408,566 | €8,144,018 | +€735,452 | +9.9% |
| Remuneration, social security and pensions | 62 | €10,705,398 | €12,648,065 | +€1.9m | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,619 | €60,038 | +€26,419 | +78.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,943 | +€17,943 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €216,000 | +€216,000 | |
| Other operating charges | 640/8 | €1,288 | €34,549 | +€33,261 | +2,582% |
| Non-recurring operating charges | 66A | €3,233 | €1,142 | -€2,091 | -64.7% |
| Operating profit (loss) | 9901 | €4,649,633 | €4,160,539 | -€489,094 | -10.5% |
| Financial income | 75/76B | €36,138 | €260,537 | +€224,399 | +621% |
| Recurring financial income | 75 | €36,138 | €260,537 | +€224,399 | +621% |
| Income from current assets | 751 | €35,688 | €235,372 | +€199,684 | +560% |
| Other financial income | 752/9 | €450 | €25,166 | +€24,716 | +5,492% |
| Financial charges | 65/66B | €78,915 | €469,806 | +€390,891 | +495% |
| Recurring financial charges | 65 | €78,915 | €115,798 | +€36,883 | +46.7% |
| Debt charges | 650 | €61,924 | €88,762 | +€26,838 | +43.3% |
| Other financial charges | 652/9 | €16,991 | €27,036 | +€10,045 | +59.1% |
| Non-recurring financial charges | 66B | - | €354,008 | +€354,008 | |
| Profit (loss) for the period before taxes | 9903 | €4,606,856 | €3,951,271 | -€655,585 | -14.2% |
| Income taxes | 67/77 | €1,364,706 | €1,156,907 | -€207,799 | -15.2% |
| Taxes | 670/3 | €1,364,706 | €1,156,907 | -€207,799 | -15.2% |
| Profit (loss) for the period | 9904 | €3,242,150 | €2,794,363 | -€447,787 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,242,150 | €2,794,363 | -€447,787 | -13.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.