ENV: 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.
ENV
Largest movements
- Cash +€39,926
up €39,926 (+219.5%), from €18,186 to €58,112
mainly Receivables within one year (+€16,657) and Stocks and contracts (+€12,500)
- Receivables within one year -€16,657
down €16,657 (-23.6%), from €70,698 to €54,041
of which Trade receivables: -€21,221
- Stocks and contracts -€12,500
no longer reported in 2025 (was €12,500)
- Tangible fixed assets -€4,803
down €4,803 (-5.4%), from €89,129 to €84,326
of which Land and buildings: -€4,803
- Reserves +€10,000
new in 2025: €10,000
- Trade debts -€7,454
down €7,454 (-13.2%), from €56,343 to €48,889
- Tax, wage and social debts +€5,577
up €5,577 (+174.6%), from €3,195 to €8,772
of which Taxes: +€5,665
- Debts after one year -€3,862
down €3,862 (-6.0%), from €64,271 to €60,408
- Other debts +€2,080
up €2,080 (+11.2%), from €18,524 to €20,604
- Gross operating margin +€10,639
up €10,639 (+75.1%), from €14,168 to €24,807
- Taxes +€4,145
up €4,145 (+1128.8%), from €367 to €4,513
- Staff costs -€2,871
down €2,871 (-92.6%), from €3,102 to €231
- Depreciation -€748
down €748 (-13.4%), from €5,580 to €4,832
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 | €194,691 | €201,583 | +€6,892 | +3.5% |
| Formation expenses | 20 | €29 | €0 | -€29 | -100.0% |
| Fixed assets | 21/28 | €93,099 | €88,296 | -€4,803 | -5.2% |
| Tangible fixed assets | 22/27 | €89,129 | €84,326 | -€4,803 | -5.4% |
| Land and buildings | 22 | €89,129 | €84,326 | -€4,803 | -5.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,970 | €3,970 | = | 0.0% |
| Current assets | 29/58 | €101,564 | €113,287 | +€11,724 | +11.5% |
| Stocks and contracts in progress | 3 | €12,500 | - | -€12,500 | |
| Stocks | 30/36 | €12,500 | - | -€12,500 | |
| Amounts receivable within one year | 40/41 | €70,698 | €54,041 | -€16,657 | -23.6% |
| Trade receivables | 40 | €64,764 | €43,543 | -€21,221 | -32.8% |
| Other amounts receivable | 41 | €5,934 | €10,498 | +€4,564 | +76.9% |
| Cash at bank and in hand | 54/58 | €18,186 | €58,112 | +€39,926 | +219.5% |
| Deferred charges and accrued income | 490/1 | €180 | €1,134 | +€954 | +530.4% |
| Total equity and liabilities | 10/49 | €194,691 | €201,583 | +€6,892 | +3.5% |
| Equity | 10/15 | €48,469 | €59,077 | +€10,608 | +21.9% |
| Contributions | 10/11 | €10,001 | €10,001 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €38,468 | €39,076 | +€608 | +1.6% |
| Amounts payable | 17/49 | €146,222 | €142,506 | -€3,716 | -2.5% |
| Amounts payable after more than one year | 17 | €64,271 | €60,408 | -€3,862 | -6.0% |
| Financial debts | 170/4 | €64,271 | €60,408 | -€3,862 | -6.0% |
| Amounts payable within one year | 42/48 | €81,703 | €82,098 | +€395 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €3,641 | €3,832 | +€191 | +5.3% |
| Trade debts | 44 | €56,343 | €48,889 | -€7,454 | -13.2% |
| Suppliers | 440/4 | €56,343 | €48,889 | -€7,454 | -13.2% |
| Taxes, remuneration and social security | 45 | €3,195 | €8,772 | +€5,577 | +174.6% |
| Taxes | 450/3 | €367 | €6,032 | +€5,665 | +1542.6% |
| Remuneration and social security | 454/9 | €2,828 | €2,740 | -€88 | -3.1% |
| Other amounts payable | 47/48 | €18,524 | €20,604 | +€2,080 | +11.2% |
| Accrued charges and deferred income | 492/3 | €249 | - | -€249 | |
| Remuneration, social security and pensions | 62 | €3,102 | €231 | -€2,871 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €4,832 | -€748 | -13.4% |
| Other operating charges | 640/8 | €1,011 | €770 | -€241 | -23.8% |
| Non-recurring operating charges | 66A | €97 | - | -€97 | |
| Gross operating margin | 9900 | €14,168 | €24,807 | +€10,639 | +75.1% |
| Operating profit (loss) | 9901 | €4,379 | €18,975 | +€14,596 | +333.3% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €4,080 | €3,883 | -€197 | -4.8% |
| Recurring financial charges | 65 | €4,080 | €3,883 | -€197 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €299 | €15,121 | +€14,822 | +4961.3% |
| Income taxes | 67/77 | €367 | €4,513 | +€4,145 | +1128.8% |
| Profit (loss) for the period | 9904 | -€68 | €10,608 | +€10,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68 | €10,608 | +€10,676 |
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 8 October 2026 via checked.be.