ENVEBO: 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.
ENVEBO
Largest movements
- Cash +€84,705
up €84,705 (+24.0%), from €353,303 to €438,008
mainly Net result for the year (+€53,603) and Receivables within one year (+€48,311)
- Receivables within one year -€48,311
down €48,311 (-66.9%), from €72,190 to €23,879
of which Trade receivables: -€50,721
- Tangible fixed assets -€21,420
down €21,420 (-2.7%), from €798,059 to €776,639
of which Leasing and similar rights: -€15,056
- Profit (loss) carried forward +€60,109
up €60,109 (+44.6%), from €134,722 to €194,830
- Debts after one year -€41,266
down €41,266 (-7.7%), from €536,231 to €494,965
- Trade debts -€40,306
down €40,306 (-79.9%), from €50,415 to €10,109
- Other debts +€35,214
up €35,214 (+22.4%), from €156,967 to €192,182
- Gross operating margin +€78,338
up €78,338 (+123%), from €63,645 to €141,983
- Taxes +€21,533
up €21,533 (+2,407%), from €894 to €22,427
- Depreciation -€3,848
down €3,848 (-10.5%), from €36,805 to €32,956
- Financial charges +€2,704
up €2,704 (+9.5%), from €28,538 to €31,242
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.
Derived cash bridge
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 | €1,232,874 | €1,240,577 | +€7,703 | +0.6% |
| Fixed assets | 21/28 | €798,360 | €776,940 | -€21,420 | -2.7% |
| Tangible fixed assets | 22/27 | €798,059 | €776,639 | -€21,420 | -2.7% |
| Land and buildings | 22 | €758,088 | €749,450 | -€8,638 | -1.1% |
| Plant, machinery and equipment | 23 | €13,811 | €16,731 | +€2,920 | +21.1% |
| Furniture and vehicles | 24 | €1,226 | €580 | -€646 | -52.7% |
| Leasing and similar rights | 25 | €24,934 | €9,878 | -€15,056 | -60.4% |
| Financial fixed assets | 28 | €301 | €301 | = | 0.0% |
| Current assets | 29/58 | €434,515 | €463,637 | +€29,123 | +6.7% |
| Stocks and contracts in progress | 3 | €8,925 | €1,750 | -€7,175 | -80.4% |
| Stocks | 30/36 | €8,925 | €1,750 | -€7,175 | -80.4% |
| Amounts receivable within one year | 40/41 | €72,190 | €23,879 | -€48,311 | -66.9% |
| Trade receivables | 40 | €72,190 | €21,469 | -€50,721 | -70.3% |
| Other amounts receivable | 41 | €0 | €2,410 | +€2,410 | |
| Cash at bank and in hand | 54/58 | €353,303 | €438,008 | +€84,705 | +24.0% |
| Deferred charges and accrued income | 490/1 | €96 | €0 | -€96 | -100% |
| Total equity and liabilities | 10/49 | €1,232,874 | €1,240,577 | +€7,703 | +0.6% |
| Equity | 10/15 | €357,696 | €411,298 | +€53,603 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,374 | €197,868 | -€6,506 | -3.2% |
| Tax-exempt reserves | 132 | €202,514 | €196,008 | -€6,506 | -3.2% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,722 | €194,830 | +€60,109 | +44.6% |
| Provisions and deferred taxes | 16 | €67,505 | €65,336 | -€2,169 | -3.2% |
| Deferred taxes | 168 | €67,505 | €65,336 | -€2,169 | -3.2% |
| Amounts payable | 17/49 | €807,674 | €763,943 | -€43,731 | -5.4% |
| Amounts payable after more than one year | 17 | €536,231 | €494,965 | -€41,266 | -7.7% |
| Financial debts | 170/4 | €536,231 | €494,965 | -€41,266 | -7.7% |
| Amounts payable within one year | 42/48 | €259,396 | €254,994 | -€4,401 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €41,077 | €38,926 | -€2,151 | -5.2% |
| Trade debts | 44 | €50,415 | €10,109 | -€40,306 | -79.9% |
| Suppliers | 440/4 | €50,415 | €10,109 | -€40,306 | -79.9% |
| Taxes, remuneration and social security | 45 | €10,936 | €13,777 | +€2,841 | +26.0% |
| Taxes | 450/3 | €10,936 | €13,777 | +€2,841 | +26.0% |
| Other amounts payable | 47/48 | €156,967 | €192,182 | +€35,214 | +22.4% |
| Accrued charges and deferred income | 492/3 | €12,048 | €13,984 | +€1,936 | +16.1% |
| Remuneration, social security and pensions | 62 | - | €232 | +€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,805 | €32,956 | -€3,848 | -10.5% |
| Other operating charges | 640/8 | €4,780 | €3,716 | -€1,064 | -22.3% |
| Gross operating margin | 9900 | €63,645 | €141,983 | +€78,338 | +123% |
| Operating profit (loss) | 9901 | €22,060 | €105,078 | +€83,018 | +376% |
| Financial income | 75/76B | €71 | €25 | -€46 | -64.3% |
| Recurring financial income | 75 | €71 | €25 | -€46 | -64.3% |
| Financial charges | 65/66B | €28,538 | €31,242 | +€2,704 | +9.5% |
| Recurring financial charges | 65 | €28,538 | €31,242 | +€2,704 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,407 | €73,861 | +€80,268 | |
| Transfer from deferred taxes | 780 | €1,973 | €2,169 | +€196 | +9.9% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €894 | €22,427 | +€21,533 | +2,407% |
| Profit (loss) for the period | 9904 | -€5,329 | €53,603 | +€58,931 | |
| Transfer from tax-exempt reserves | 789 | €5,919 | €6,506 | +€587 | +9.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €590 | €60,109 | +€59,518 | +10,086% |
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 27 October 2026 via checked.be.