ENVELNOR EXPORT: 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.
ENVELNOR EXPORT
Largest movements
- Receivables within one year +€77,196
up €77,196 (+37.2%), from €207,249 to €284,445
of which Trade receivables: +€73,347
- Cash +€15,293
up €15,293 (+18.7%), from €81,597 to €96,890
mainly Trade debts (+€85,936) and Net result for the year (+€20,156)
- Tangible fixed assets +€6,676
up €6,676 (+248.8%), from €2,683 to €9,359
of which Plant, machinery and equipment: +€7,529
- Trade debts +€85,936
up €85,936 (+49.4%), from €174,017 to €259,953
- Profit (loss) carried forward +€20,156
up €20,156 (+18.9%), from €106,854 to €127,010
- Purchases and services +€44,679
up €44,679 (+4.7%), from €944,857 to €989,536
- Turnover +€32,009
up €32,009 (+2.7%), from €1.2m to €1.2m
- Gross operating margin -€12,670
down €12,670 (-4.8%), from €261,736 to €249,066
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 | €350,121 | €447,306 | +€97,185 | +27.8% |
| Fixed assets | 21/28 | €4,303 | €10,979 | +€6,676 | +155.1% |
| Tangible fixed assets | 22/27 | €2,683 | €9,359 | +€6,676 | +248.8% |
| Plant, machinery and equipment | 23 | - | €7,529 | +€7,529 | |
| Furniture and vehicles | 24 | €2,683 | €1,830 | -€853 | -31.8% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €345,818 | €436,327 | +€90,509 | +26.2% |
| Amounts receivable within one year | 40/41 | €207,249 | €284,445 | +€77,196 | +37.2% |
| Trade receivables | 40 | €191,240 | €264,587 | +€73,347 | +38.4% |
| Other amounts receivable | 41 | €16,009 | €19,858 | +€3,849 | +24.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,597 | €96,890 | +€15,293 | +18.7% |
| Deferred charges and accrued income | 490/1 | €6,972 | €4,992 | -€1,980 | -28.4% |
| Total equity and liabilities | 10/49 | €350,121 | €447,306 | +€97,185 | +27.8% |
| Equity | 10/15 | €134,354 | €154,510 | +€20,156 | +15.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,854 | €127,010 | +€20,156 | +18.9% |
| Amounts payable | 17/49 | €215,767 | €292,796 | +€77,029 | +35.7% |
| Amounts payable within one year | 42/48 | €208,795 | €288,990 | +€80,195 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €4,316 | - | -€4,316 | |
| Trade debts | 44 | €174,017 | €259,953 | +€85,936 | +49.4% |
| Suppliers | 440/4 | €174,017 | €259,953 | +€85,936 | +49.4% |
| Taxes, remuneration and social security | 45 | €28,204 | €27,772 | -€432 | -1.5% |
| Taxes | 450/3 | €7,417 | €2,373 | -€5,044 | -68.0% |
| Remuneration and social security | 454/9 | €20,787 | €25,399 | +€4,612 | +22.2% |
| Other amounts payable | 47/48 | €2,258 | €1,265 | -€993 | -44.0% |
| Accrued charges and deferred income | 492/3 | €6,972 | €3,806 | -€3,166 | -45.4% |
| Turnover | 70 | €1,206,593 | €1,238,602 | +€32,009 | +2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €944,857 | €989,536 | +€44,679 | +4.7% |
| Remuneration, social security and pensions | 62 | €199,533 | €200,202 | +€669 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832 | €1,866 | +€1,034 | +124.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,955 | - | -€1,955 | |
| Other operating charges | 640/8 | €8,829 | €5,611 | -€3,218 | -36.4% |
| Gross operating margin | 9900 | €261,736 | €249,066 | -€12,670 | -4.8% |
| Operating profit (loss) | 9901 | €50,587 | €41,387 | -€9,200 | -18.2% |
| Financial income | 75/76B | €214 | €17 | -€197 | -92.1% |
| Recurring financial income | 75 | €212 | €17 | -€195 | -92.0% |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,742 | €6,248 | +€4,506 | +258.7% |
| Recurring financial charges | 65 | €1,742 | €6,248 | +€4,506 | +258.7% |
| Profit (loss) for the period before taxes | 9903 | €49,059 | €35,156 | -€13,903 | -28.3% |
| Income taxes | 67/77 | €22,625 | €15,000 | -€7,625 | -33.7% |
| Profit (loss) for the period | 9904 | €26,434 | €20,156 | -€6,278 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,434 | €20,156 | -€6,278 | -23.7% |
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 10 October 2026 via checked.be.