Envemat: 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.
What changed
Envemat
NACE 23.630, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€396,252
2024 · €1.5m-€1.1m
Equity
€5.2m
2024 · €5.0m+€261,397
Cash
€2.2m
2024 · €1.5m+€724,437
Balance sheet total
€7.3m
2024 · €7.3m+€13,638
Largest movements
Assets
- Cash +€724,437
up €724,437 (+49.9%), from €1.5m to €2.2m
mainly Depreciation (+€597,954) and Current investments (+€497,382)
- Current investments -€497,382
down €497,382 (-49.7%), from €1.0m to €502,618
- Tangible fixed assets -€177,990
down €177,990 (-9.9%), from €1.8m to €1.6m
of which Furniture and vehicles: -€133,279
- Deferred charges and accrued income +€84,339
up €84,339 (+132%), from €63,798 to €148,136
- Receivables after one year -€79,250
down €79,250 (-7.3%), from €1.1m to €1.0m
of which Trade receivables: -€1.1m
Equity and liabilities
- Reserves +€495,978
up €495,978 (+17.9%), from €2.8m to €3.3m
of which Non-distributable reserves: +€1.0m
- Debts after one year -€338,995
down €338,995 (-26.6%), from €1.3m to €937,157
of which Financial debts: -€338,995
- Profit (loss) carried forward -€223,640
down €223,640 (-12.5%), from €1.8m to €1.6m
- Other debts +€85,636
up €85,636 (+57.5%), from €148,951 to €234,587
- Current portion of long-term debt -€75,908
down €75,908 (-18.3%), from €414,903 to €338,995
Income statement
- Gross operating margin -€1.4m
down €1.4m (-35.1%), from €4.0m to €2.6m
- Taxes -€340,666
down €340,666 (-66.3%), from €513,439 to €172,773
- Write-downs +€48,986
up €48,986, from -€6,404 to €42,582
- Staff costs -€48,512
down €48,512 (-3.3%), from €1.5m to €1.4m
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.
Result 2024
€1.5m
Gross operating margin
-€1.4m
Staff costs
+€48,512
Depreciation
+€33,330
Write-downs
-€48,986
Other operating charges
+€12,810
Other operating items
-€15,336
Financial income
-€14,036
Financial charges
+€5,756
Taxes
+€340,666
Deferred taxes and other
-€15,743
Result 2025
€396,252
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
+€77,418
Financing
-€549,758
Cash 2024
€1.5m
From operations (derived)
+€1.2m
Net result for the year
+€396,252
Depreciation
+€597,954
Receivables after one year
+€79,250
Stocks and contracts
-€21,978
Receivables within one year
+€62,494
Deferred charges and accrued income
-€84,339
Provisions
-€12,567
Trade debts
+€33,957
Tax, wage and social debts
+€59,079
Advances received
-€2,709
Other debts
+€85,636
Accrued charges and deferred income
+€3,747
Investment (derived)
+€77,418
Investment in fixed assets (net)
-€419,964
Current investments
+€497,382
Financing
-€549,758
Debts after one year
-€338,995
Current portion of long-term debt
-€75,908
Contributions, distributions and other
-€134,855
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,274,846 | €7,288,484 | +€13,638 | +0.2% |
| Fixed assets | 21/28 | €1,920,657 | €1,742,667 | -€177,990 | -9.3% |
| Tangible fixed assets | 22/27 | €1,801,459 | €1,623,469 | -€177,990 | -9.9% |
| Land and buildings | 22 | €685,580 | €658,562 | -€27,018 | -3.9% |
| Plant, machinery and equipment | 23 | €309,683 | €295,740 | -€13,943 | -4.5% |
| Furniture and vehicles | 24 | €802,446 | €669,167 | -€133,279 | -16.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €3,750 | €0 | -€3,750 | -100% |
| Financial fixed assets | 28 | €119,198 | €119,198 | = | 0.0% |
| Current assets | 29/58 | €5,354,189 | €5,545,817 | +€191,628 | +3.6% |
| Amounts receivable after more than one year | 29 | €1,088,107 | €1,008,857 | -€79,250 | -7.3% |
| Trade receivables | 290 | €1,088,107 | €0 | -€1.1m | -100% |
| Other amounts receivable | 291 | - | €1,008,857 | +€1.0m | |
| Stocks and contracts in progress | 3 | €397,651 | €419,629 | +€21,978 | +5.5% |
| Stocks | 30/36 | €397,651 | €419,629 | +€21,978 | +5.5% |
| Amounts receivable within one year | 40/41 | €1,352,070 | €1,289,576 | -€62,494 | -4.6% |
| Trade receivables | 40 | €1,149,641 | €1,110,241 | -€39,400 | -3.4% |
| Other amounts receivable | 41 | €202,429 | €179,335 | -€23,094 | -11.4% |
| Current investments | 50/53 | €1,000,000 | €502,618 | -€497,382 | -49.7% |
| Cash at bank and in hand | 54/58 | €1,452,562 | €2,176,999 | +€724,437 | +49.9% |
| Deferred charges and accrued income | 490/1 | €63,798 | €148,136 | +€84,339 | +132% |
| Total equity and liabilities | 10/49 | €7,274,846 | €7,288,484 | +€13,638 | +0.2% |
| Equity | 10/15 | €4,972,766 | €5,234,162 | +€261,397 | +5.3% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €2,766,690 | €3,262,667 | +€495,978 | +17.9% |
| Non-distributable reserves | 130/1 | €163,200 | €1,172,057 | +€1.0m | +618% |
| Legal reserve | 130 | €163,200 | €163,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,008,857 | +€1.0m | |
| Tax-exempt reserves | 132 | €1,135,490 | €1,401,850 | +€266,360 | +23.5% |
| Distributable reserves | 133 | €1,468,000 | €688,760 | -€779,240 | -53.1% |
| Profit (loss) carried forward | 14 | €1,792,244 | €1,568,604 | -€223,640 | -12.5% |
| Investment grants | 15 | €41,833 | €30,891 | -€10,942 | -26.2% |
| Provisions and deferred taxes | 16 | €17,517 | €4,950 | -€12,567 | -71.7% |
| Deferred taxes | 168 | €17,517 | €4,950 | -€12,567 | -71.7% |
| Amounts payable | 17/49 | €2,284,563 | €2,049,371 | -€235,192 | -10.3% |
| Amounts payable after more than one year | 17 | €1,276,151 | €937,157 | -€338,995 | -26.6% |
| Financial debts | 170/4 | €1,086,116 | €747,121 | -€338,995 | -31.2% |
| Other amounts payable | 178/9 | €190,035 | €190,035 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,002,702 | €1,102,758 | +€100,056 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €414,903 | €338,995 | -€75,908 | -18.3% |
| Trade debts | 44 | €234,686 | €268,643 | +€33,957 | +14.5% |
| Suppliers | 440/4 | €234,686 | €268,643 | +€33,957 | +14.5% |
| Advances received on contracts in progress | 46 | €2,709 | €0 | -€2,709 | -100% |
| Taxes, remuneration and social security | 45 | €201,453 | €260,533 | +€59,079 | +29.3% |
| Taxes | 450/3 | €137,435 | €191,554 | +€54,119 | +39.4% |
| Remuneration and social security | 454/9 | €64,018 | €68,978 | +€4,960 | +7.7% |
| Other amounts payable | 47/48 | €148,951 | €234,587 | +€85,636 | +57.5% |
| Accrued charges and deferred income | 492/3 | €5,710 | €9,457 | +€3,747 | +65.6% |
| Non-recurring operating income | 76A | €1,451 | €97 | -€1,355 | -93.3% |
| Remuneration, social security and pensions | 62 | €1,457,255 | €1,408,743 | -€48,512 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631,283 | €597,954 | -€33,330 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,404 | €42,582 | +€48,986 | |
| Other operating charges | 640/8 | €66,638 | €53,828 | -€12,810 | -19.2% |
| Non-recurring operating charges | 66A | €1,771 | €17,107 | +€15,336 | +866% |
| Gross operating margin | 9900 | €4,044,025 | €2,622,755 | -€1.4m | -35.1% |
| Operating profit (loss) | 9901 | €1,893,482 | €502,541 | -€1.4m | -73.5% |
| Financial income | 75/76B | €102,485 | €88,449 | -€14,036 | -13.7% |
| Recurring financial income | 75 | €102,485 | €88,449 | -€14,036 | -13.7% |
| Financial charges | 65/66B | €39,237 | €33,480 | -€5,756 | -14.7% |
| Recurring financial charges | 65 | €39,237 | €33,480 | -€5,756 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €1,956,730 | €557,510 | -€1.4m | -71.5% |
| Transfer from deferred taxes | 780 | €27,259 | €11,515 | -€15,743 | -57.8% |
| Income taxes | 67/77 | €513,439 | €172,773 | -€340,666 | -66.3% |
| Profit (loss) for the period | 9904 | €1,470,550 | €396,252 | -€1.1m | -73.1% |
| Transfer from tax-exempt reserves | 789 | €114,787 | €31,957 | -€82,830 | -72.2% |
| Transfer to tax-exempt reserves | 689 | €610,450 | €526,250 | -€84,200 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €974,887 | -€98,041 | -€1.1m |
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 14 October 2026 via checked.be.