Envergure: what changed
Envergure
Largest movements
- Tangible fixed assets -€12,758
down €12,758 (-70.0%), from €18,218 to €5,460
of which Other tangible fixed assets: -€9,306
- Cash +€3,130
up €3,130 (+88.0%), from €3,557 to €6,687
mainly Investment in fixed assets (net) (+€9,306) and Depreciation (+€3,452)
- Receivables within one year -€2,527
down €2,527 (-18.0%), from €14,003 to €11,476
of which Trade receivables: -€1,665
- Other debts -€6,611
down €6,611 (-37.7%), from €17,531 to €10,920
- Trade debts -€3,461
down €3,461 (-35.7%), from €9,700 to €6,239
- Tax, wage and social debts -€2,778
down €2,778 (-33.3%), from €8,352 to €5,573
of which Taxes: -€2,778
- Profit (loss) carried forward +€956
up €956 (+2.4%), from -€39,618 to -€38,662
- Gross operating margin +€10,889
up €10,889 (+514%), from €2,118 to €13,007
- Financial charges +€2,048
up €2,048 (+350%), from €586 to €2,634
- Other operating charges +€1,747
up €1,747 (+106%), from €1,656 to €3,402
- Taxes +€904
up €904 (+54.4%), from €1,662 to €2,566
- Depreciation +€525
up €525 (+17.9%), from €2,927 to €3,452
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,510 | €24,615 | -€11,895 | -32.6% |
| Fixed assets | 21/28 | €18,218 | €5,460 | -€12,758 | -70.0% |
| Tangible fixed assets | 22/27 | €18,218 | €5,460 | -€12,758 | -70.0% |
| Furniture and vehicles | 24 | €8,911 | €5,460 | -€3,452 | -38.7% |
| Other tangible fixed assets | 26 | €9,306 | - | -€9,306 | |
| Current assets | 29/58 | €18,292 | €19,156 | +€863 | +4.7% |
| Amounts receivable within one year | 40/41 | €14,003 | €11,476 | -€2,527 | -18.0% |
| Trade receivables | 40 | €12,665 | €11,001 | -€1,665 | -13.1% |
| Other amounts receivable | 41 | €1,338 | €475 | -€863 | -64.5% |
| Cash at bank and in hand | 54/58 | €3,557 | €6,687 | +€3,130 | +88.0% |
| Deferred charges and accrued income | 490/1 | €731 | €992 | +€261 | +35.7% |
| Total equity and liabilities | 10/49 | €36,510 | €24,615 | -€11,895 | -32.6% |
| Equity | 10/15 | €927 | €1,882 | +€956 | +103% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €544 | €544 | = | 0.0% |
| Distributable reserves | 133 | €544 | €544 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,618 | -€38,662 | +€956 | +2.4% |
| Amounts payable | 17/49 | €35,583 | €22,733 | -€12,850 | -36.1% |
| Amounts payable within one year | 42/48 | €35,583 | €22,733 | -€12,850 | -36.1% |
| Trade debts | 44 | €9,700 | €6,239 | -€3,461 | -35.7% |
| Suppliers | 440/4 | €9,700 | €6,239 | -€3,461 | -35.7% |
| Taxes, remuneration and social security | 45 | €8,352 | €5,573 | -€2,778 | -33.3% |
| Taxes | 450/3 | €6,332 | €3,553 | -€2,778 | -43.9% |
| Remuneration and social security | 454/9 | €2,020 | €2,020 | = | 0.0% |
| Other amounts payable | 47/48 | €17,531 | €10,920 | -€6,611 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,927 | €3,452 | +€525 | +17.9% |
| Other operating charges | 640/8 | €1,656 | €3,402 | +€1,747 | +106% |
| Gross operating margin | 9900 | €2,118 | €13,007 | +€10,889 | +514% |
| Operating profit (loss) | 9901 | -€2,465 | €6,153 | +€8,618 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +1,050% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1,050% |
| Financial charges | 65/66B | €586 | €2,634 | +€2,048 | +350% |
| Recurring financial charges | 65 | €586 | €2,634 | +€2,048 | +350% |
| Profit (loss) for the period before taxes | 9903 | -€3,051 | €3,522 | +€6,573 | |
| Income taxes | 67/77 | €1,662 | €2,566 | +€904 | +54.4% |
| Profit (loss) for the period | 9904 | -€4,713 | €956 | +€5,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,713 | €956 | +€5,668 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.