ENVEDERM: 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.
ENVEDERM
Largest movements
- Cash -€38,457
down €38,457 (-94.5%), from €40,715 to €2,258
mainly Trade debts (-€136,637) and Debts after one year (-€21,925)
- Tangible fixed assets -€24,174
down €24,174 (-10.7%), from €224,910 to €200,736
of which Land and buildings: -€13,505
- Stocks and contracts -€17,369
down €17,369 (-10.5%), from €165,700 to €148,331
- Receivables within one year +€15,373
up €15,373 (+8.5%), from €181,299 to €196,672
of which Trade receivables: +€30,025
- Trade debts -€136,637
down €136,637 (-58.4%), from €234,086 to €97,449
- Other debts +€108,498
new in 2025: €108,498
- Debts after one year -€21,925
down €21,925 (-17.4%), from €126,252 to €104,327
of which Financial debts: -€18,788
- Current portion of long-term debt -€7,937
down €7,937 (-29.7%), from €26,726 to €18,788
- Profit (loss) carried forward -€7,495
down €7,495 (-4.2%), from -€177,768 to -€185,263
- Gross operating margin -€37,855
down €37,855 (-37.2%), from €101,760 to €63,905
- Financial charges -€10,860
down €10,860 (-48.6%), from €22,366 to €11,506
- Staff costs -€9,122
down €9,122 (-24.1%), from €37,884 to €28,762
- Other operating charges -€1,723
down €1,723 (-36.0%), from €4,783 to €3,060
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 | €623,154 | €558,966 | -€64,187 | -10.3% |
| Fixed assets | 21/28 | €225,131 | €200,957 | -€24,174 | -10.7% |
| Tangible fixed assets | 22/27 | €224,910 | €200,736 | -€24,174 | -10.7% |
| Land and buildings | 22 | €203,881 | €190,377 | -€13,505 | -6.6% |
| Furniture and vehicles | 24 | €21,029 | €10,359 | -€10,669 | -50.7% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €398,023 | €358,009 | -€40,013 | -10.1% |
| Stocks and contracts in progress | 3 | €165,700 | €148,331 | -€17,369 | -10.5% |
| Stocks | 30/36 | €165,700 | €148,331 | -€17,369 | -10.5% |
| Amounts receivable within one year | 40/41 | €181,299 | €196,672 | +€15,373 | +8.5% |
| Trade receivables | 40 | €166,647 | €196,672 | +€30,025 | +18.0% |
| Other amounts receivable | 41 | €14,652 | €0 | -€14,652 | -100% |
| Cash at bank and in hand | 54/58 | €40,715 | €2,258 | -€38,457 | -94.5% |
| Deferred charges and accrued income | 490/1 | €10,308 | €10,748 | +€440 | +4.3% |
| Total equity and liabilities | 10/49 | €623,154 | €558,966 | -€64,187 | -10.3% |
| Equity | 10/15 | €28,755 | €21,260 | -€7,495 | -26.1% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Revaluation surpluses | 12 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €2,923 | €2,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,923 | €2,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,768 | -€185,263 | -€7,495 | -4.2% |
| Amounts payable | 17/49 | €594,399 | €537,707 | -€56,692 | -9.5% |
| Amounts payable after more than one year | 17 | €126,252 | €104,327 | -€21,925 | -17.4% |
| Financial debts | 170/4 | €18,788 | €0 | -€18,788 | -100% |
| Other amounts payable | 178/9 | €107,464 | €104,327 | -€3,137 | -2.9% |
| Amounts payable within one year | 42/48 | €442,322 | €405,878 | -€36,444 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €26,726 | €18,788 | -€7,937 | -29.7% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €234,086 | €97,449 | -€136,637 | -58.4% |
| Suppliers | 440/4 | €234,086 | €97,449 | -€136,637 | -58.4% |
| Taxes, remuneration and social security | 45 | €31,510 | €31,142 | -€368 | -1.2% |
| Taxes | 450/3 | €13,445 | €19,566 | +€6,121 | +45.5% |
| Remuneration and social security | 454/9 | €18,066 | €11,577 | -€6,489 | -35.9% |
| Other amounts payable | 47/48 | - | €108,498 | +€108,498 | |
| Accrued charges and deferred income | 492/3 | €25,824 | €27,501 | +€1,677 | +6.5% |
| Non-recurring operating income | 76A | - | €9,554 | +€9,554 | |
| Remuneration, social security and pensions | 62 | €37,884 | €28,762 | -€9,122 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,991 | €27,575 | +€585 | +2.2% |
| Other operating charges | 640/8 | €4,783 | €3,060 | -€1,723 | -36.0% |
| Gross operating margin | 9900 | €101,760 | €63,905 | -€37,855 | -37.2% |
| Operating profit (loss) | 9901 | €32,102 | €4,507 | -€27,595 | -86.0% |
| Financial income | 75/76B | €386 | €39 | -€347 | -90.0% |
| Recurring financial income | 75 | €386 | €39 | -€347 | -90.0% |
| Financial charges | 65/66B | €22,366 | €11,506 | -€10,860 | -48.6% |
| Recurring financial charges | 65 | €22,366 | €11,506 | -€10,860 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €10,122 | -€6,961 | -€17,082 | |
| Income taxes | 67/77 | €538 | €534 | -€4 | -0.7% |
| Profit (loss) for the period | 9904 | €9,583 | -€7,495 | -€17,078 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,583 | -€7,495 | -€17,078 |
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 23 October 2026 via checked.be.