ENVERGURE: 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.
ENVERGURE
Largest movements
- Cash +€10,274
up €10,274 (+220%), from €4,672 to €14,946
mainly Depreciation (+€33,812) and Other debts (+€15,000)
- Other debts +€15,000
up €15,000 (+2.0%), from €750,461 to €765,461
- Gross operating margin -€6,990
down €6,990 (-16.1%), from €43,400 to €36,410
- Depreciation +€5,844
up €5,844 (+20.9%), from €27,968 to €33,812
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 | €457,584 | €469,772 | +€12,188 | +2.7% |
| Fixed assets | 21/28 | €451,412 | €451,099 | -€313 | -0.1% |
| Tangible fixed assets | 22/27 | €451,162 | €450,849 | -€313 | -0.1% |
| Land and buildings | 22 | €438,256 | €437,355 | -€902 | -0.2% |
| Plant, machinery and equipment | 23 | €12,906 | €13,494 | +€588 | +4.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €6,172 | €18,673 | +€12,501 | +203% |
| Amounts receivable within one year | 40/41 | - | €2,987 | +€2,987 | |
| Trade receivables | 40 | - | €2,987 | +€2,987 | |
| Cash at bank and in hand | 54/58 | €4,672 | €14,946 | +€10,274 | +220% |
| Deferred charges and accrued income | 490/1 | €1,500 | €740 | -€760 | -50.7% |
| Total equity and liabilities | 10/49 | €457,584 | €469,772 | +€12,188 | +2.7% |
| Equity | 10/15 | -€299,287 | -€301,332 | -€2,045 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,487 | -€307,532 | -€2,045 | -0.7% |
| Amounts payable | 17/49 | €756,871 | €771,104 | +€14,232 | +1.9% |
| Amounts payable within one year | 42/48 | €755,758 | €770,954 | +€15,196 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,080 | +€2,080 | |
| Trade debts | 44 | €5,297 | €3,413 | -€1,884 | -35.6% |
| Suppliers | 440/4 | €5,297 | €3,413 | -€1,884 | -35.6% |
| Other amounts payable | 47/48 | €750,461 | €765,461 | +€15,000 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,113 | €150 | -€963 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,968 | €33,812 | +€5,844 | +20.9% |
| Other operating charges | 640/8 | €4,429 | €4,568 | +€139 | +3.1% |
| Gross operating margin | 9900 | €43,400 | €36,410 | -€6,990 | -16.1% |
| Operating profit (loss) | 9901 | €11,003 | -€1,970 | -€12,973 | |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.0% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €10,929 | -€2,045 | -€12,974 | |
| Profit (loss) for the period | 9904 | €10,929 | -€2,045 | -€12,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,929 | -€2,045 | -€12,974 |
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 19 October 2026 via checked.be.