ENVELOP: 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.
ENVELOP
Largest movements
- Receivables within one year +€8,922
up €8,922 (+16.7%), from €53,475 to €62,397
of which Other amounts receivable: +€12,303
- Cash -€2,692
down €2,692 (-100%), from €2,692 to €0
mainly Receivables within one year (-€8,922) and Trade debts (-€3,073)
- Tangible fixed assets -€1,073
down €1,073 (-34.0%), from €3,152 to €2,080
of which Land and buildings: -€825
- Profit (loss) carried forward +€9,112
up €9,112 (+10.5%), from -€87,157 to -€78,045
- Trade debts -€3,073
down €3,073 (-56.6%), from €5,425 to €2,353
- Tax, wage and social debts -€882
down €882 (-76.8%), from €1,149 to €267
- Gross operating margin +€21,236
up €21,236, from -€13,060 to €8,176
- Financial income +€2,883
up €2,883 (+6,140%), from €47 to €2,930
- Depreciation -€559
down €559 (-34.3%), from €1,632 to €1,073
- Taxes -€267
down €267 (-100%), from €267 to €0
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 | €59,319 | €64,477 | +€5,157 | +8.7% |
| Fixed assets | 21/28 | €3,152 | €2,080 | -€1,073 | -34.0% |
| Tangible fixed assets | 22/27 | €3,152 | €2,080 | -€1,073 | -34.0% |
| Land and buildings | 22 | €2,161 | €1,336 | -€825 | -38.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €992 | €744 | -€248 | -25.0% |
| Current assets | 29/58 | €56,167 | €62,397 | +€6,230 | +11.1% |
| Amounts receivable within one year | 40/41 | €53,475 | €62,397 | +€8,922 | +16.7% |
| Trade receivables | 40 | €3,381 | €0 | -€3,381 | -100% |
| Other amounts receivable | 41 | €50,094 | €62,397 | +€12,303 | +24.6% |
| Cash at bank and in hand | 54/58 | €2,692 | €0 | -€2,692 | -100% |
| Total equity and liabilities | 10/49 | €59,319 | €64,477 | +€5,157 | +8.7% |
| Equity | 10/15 | €52,745 | €61,857 | +€9,112 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,302 | €121,302 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €119,442 | €119,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,157 | -€78,045 | +€9,112 | +10.5% |
| Amounts payable | 17/49 | €6,574 | €2,620 | -€3,955 | -60.2% |
| Amounts payable within one year | 42/48 | €6,574 | €2,620 | -€3,955 | -60.2% |
| Trade debts | 44 | €5,425 | €2,353 | -€3,073 | -56.6% |
| Suppliers | 440/4 | €5,425 | €2,353 | -€3,073 | -56.6% |
| Taxes, remuneration and social security | 45 | €1,149 | €267 | -€882 | -76.8% |
| Taxes | 450/3 | €1,149 | €267 | -€882 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €1,073 | -€559 | -34.3% |
| Other operating charges | 640/8 | €851 | €757 | -€95 | -11.1% |
| Gross operating margin | 9900 | -€13,060 | €8,176 | +€21,236 | |
| Operating profit (loss) | 9901 | -€15,543 | €6,346 | +€21,890 | |
| Financial income | 75/76B | €47 | €2,930 | +€2,883 | +6,140% |
| Recurring financial income | 75 | €47 | €2,930 | +€2,883 | +6,140% |
| Financial charges | 65/66B | €132 | €164 | +€32 | +24.2% |
| Recurring financial charges | 65 | €132 | €164 | +€32 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,628 | €9,112 | +€24,740 | |
| Income taxes | 67/77 | €267 | €0 | -€267 | -100% |
| Profit (loss) for the period | 9904 | -€15,895 | €9,112 | +€25,007 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,895 | €9,112 | +€25,007 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.