ENVAL: 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.
ENVAL
Largest movements
- Cash -€56,049
down €56,049 (-35.1%), from €159,690 to €103,641
mainly Investment in fixed assets (net) (-€32,193) and Receivables within one year (-€31,769)
- Receivables within one year +€31,769
new in 2024: €31,769
of which Other amounts receivable: +€30,346
- Tangible fixed assets -€7,218
down €7,218 (-2.7%), from €271,285 to €264,067
of which Plant, machinery and equipment: -€18,275
- Other debts -€15,459
down €15,459 (-30.7%), from €50,427 to €34,968
- Reserves -€12,642
down €12,642 (-15.6%), from €80,817 to €68,175
of which Tax-exempt reserves: -€12,642
- Profit (loss) carried forward +€9,528
up €9,528 (+6.5%), from €145,811 to €155,340
- Provisions -€6,510
down €6,510 (-17.8%), from €36,509 to €29,999
- Debts after one year -€4,838
no longer reported in 2024 (was €4,838)
- Gross operating margin +€3,229
up €3,229 (+9.5%), from €34,166 to €37,396
- Other operating charges -€1,094
down €1,094 (-21.0%), from €5,223 to €4,129
- Depreciation +€1,039
up €1,039 (+2.7%), from €38,372 to €39,411
- Taxes +€433
up €433 (+14.7%), from €2,952 to €3,385
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,529 | €402,894 | -€30,635 | -7.1% |
| Fixed assets | 21/28 | €271,768 | €264,550 | -€7,218 | -2.7% |
| Tangible fixed assets | 22/27 | €271,285 | €264,067 | -€7,218 | -2.7% |
| Land and buildings | 22 | €160,895 | €151,009 | -€9,886 | -6.1% |
| Plant, machinery and equipment | 23 | €75,092 | €56,817 | -€18,275 | -24.3% |
| Furniture and vehicles | 24 | €35,298 | €56,240 | +€20,943 | +59.3% |
| Financial fixed assets | 28 | €483 | €483 | = | 0.0% |
| Current assets | 29/58 | €161,761 | €138,344 | -€23,417 | -14.5% |
| Amounts receivable within one year | 40/41 | - | €31,769 | +€31,769 | |
| Trade receivables | 40 | - | €1,423 | +€1,423 | |
| Other amounts receivable | 41 | - | €30,346 | +€30,346 | |
| Cash at bank and in hand | 54/58 | €159,690 | €103,641 | -€56,049 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,935 | +€864 | +41.7% |
| Total equity and liabilities | 10/49 | €433,529 | €402,894 | -€30,635 | -7.1% |
| Equity | 10/15 | €325,786 | €322,672 | -€3,114 | -1.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €80,817 | €68,175 | -€12,642 | -15.6% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,902 | €58,259 | -€12,642 | -17.8% |
| Profit (loss) carried forward | 14 | €145,811 | €155,340 | +€9,528 | +6.5% |
| Provisions and deferred taxes | 16 | €36,509 | €29,999 | -€6,510 | -17.8% |
| Deferred taxes | 168 | €36,509 | €29,999 | -€6,510 | -17.8% |
| Amounts payable | 17/49 | €71,234 | €50,223 | -€21,011 | -29.5% |
| Amounts payable after more than one year | 17 | €4,838 | - | -€4,838 | |
| Financial debts | 170/4 | €4,838 | - | -€4,838 | |
| Amounts payable within one year | 42/48 | €65,946 | €50,223 | -€15,723 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €4,263 | €4,838 | +€575 | +13.5% |
| Trade debts | 44 | €3,222 | €4,315 | +€1,093 | +33.9% |
| Suppliers | 440/4 | €3,222 | €4,315 | +€1,093 | +33.9% |
| Taxes, remuneration and social security | 45 | €8,033 | €6,102 | -€1,931 | -24.0% |
| Taxes | 450/3 | €8,033 | €6,102 | -€1,931 | -24.0% |
| Other amounts payable | 47/48 | €50,427 | €34,968 | -€15,459 | -30.7% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Non-recurring operating income | 76A | - | €3,254 | +€3,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,372 | €39,411 | +€1,039 | +2.7% |
| Other operating charges | 640/8 | €5,223 | €4,129 | -€1,094 | -21.0% |
| Gross operating margin | 9900 | €34,166 | €37,396 | +€3,229 | +9.5% |
| Operating profit (loss) | 9901 | -€9,429 | -€6,145 | +€3,284 | +34.8% |
| Financial income | 75/76B | €294 | €490 | +€196 | +66.7% |
| Recurring financial income | 75 | €294 | €490 | +€196 | +66.7% |
| Financial charges | 65/66B | €771 | €585 | -€186 | -24.2% |
| Recurring financial charges | 65 | €771 | €585 | -€186 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,906 | -€6,239 | +€3,667 | +37.0% |
| Transfer from deferred taxes | 780 | €19,152 | €19,152 | = | 0.0% |
| Income taxes | 67/77 | €2,952 | €3,385 | +€433 | +14.7% |
| Profit (loss) for the period | 9904 | €6,294 | €9,528 | +€3,234 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,294 | €9,528 | +€3,234 | +51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.