ENVIBEX: what changed
Two fiscal 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.
ENVIBEX
Largest movements
- Receivables after one year +€40,000
up €40,000 (+23.5%), from €170,000 to €210,000
- Receivables within one year +€27,818
up €27,818 (+40.2%), from €69,196 to €97,014
of which Trade receivables: +€27,818
- Cash -€11,286
down €11,286 (-19.4%), from €58,147 to €46,861
mainly Receivables after one year (-€40,000) and Receivables within one year (-€27,818)
- Tangible fixed assets -€6,839
down €6,839 (-4.8%), from €143,661 to €136,823
of which Land and buildings: -€4,328
- Trade debts +€30,019
up €30,019 (+97.4%), from €30,820 to €60,838
- Tax, wage and social debts +€13,957
up €13,957 (+97.5%), from €14,314 to €28,271
of which Taxes: +€11,659
- Other debts +€13,312
up €13,312 (+1860.6%), from €716 to €14,028
- Debts after one year -€8,402
down €8,402 (-6.3%), from €133,803 to €125,402
- Staff costs -€6,355
down €6,355 (-15.8%), from €40,234 to €33,879
- Depreciation -€6,012
down €6,012 (-46.8%), from €12,851 to €6,839
- Taxes +€3,411
up €3,411 (+76.8%), from €4,442 to €7,853
- Gross operating margin -€2,653
down €2,653 (-3.5%), from €74,961 to €72,308
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 | €461,205 | €510,698 | +€49,493 | +10.7% |
| Fixed assets | 21/28 | €163,861 | €156,823 | -€7,039 | -4.3% |
| Tangible fixed assets | 22/27 | €143,661 | €136,823 | -€6,839 | -4.8% |
| Land and buildings | 22 | €138,228 | €133,900 | -€4,328 | -3.1% |
| Plant, machinery and equipment | 23 | €3,953 | €2,908 | -€1,044 | -26.4% |
| Furniture and vehicles | 24 | €1,481 | €15 | -€1,466 | -99.0% |
| Financial fixed assets | 28 | €20,200 | €20,000 | -€200 | -1.0% |
| Current assets | 29/58 | €297,343 | €353,875 | +€56,532 | +19.0% |
| Amounts receivable after more than one year | 29 | €170,000 | €210,000 | +€40,000 | +23.5% |
| Other amounts receivable | 291 | €170,000 | €210,000 | +€40,000 | +23.5% |
| Amounts receivable within one year | 40/41 | €69,196 | €97,014 | +€27,818 | +40.2% |
| Trade receivables | 40 | €23,638 | €51,456 | +€27,818 | +117.7% |
| Other amounts receivable | 41 | €45,558 | €45,558 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,147 | €46,861 | -€11,286 | -19.4% |
| Total equity and liabilities | 10/49 | €461,205 | €510,698 | +€49,493 | +10.7% |
| Equity | 10/15 | €272,262 | €272,262 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €266,062 | €266,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €264,202 | €264,202 | = | 0.0% |
| Amounts payable | 17/49 | €188,943 | €238,436 | +€49,493 | +26.2% |
| Amounts payable after more than one year | 17 | €133,803 | €125,402 | -€8,402 | -6.3% |
| Financial debts | 170/4 | €133,803 | €125,402 | -€8,402 | -6.3% |
| Amounts payable within one year | 42/48 | €55,139 | €113,034 | +€57,895 | +105.0% |
| Current portion of amounts payable after more than one year | 42 | €9,291 | €9,897 | +€606 | +6.5% |
| Trade debts | 44 | €30,820 | €60,838 | +€30,019 | +97.4% |
| Suppliers | 440/4 | €30,820 | €60,838 | +€30,019 | +97.4% |
| Taxes, remuneration and social security | 45 | €14,314 | €28,271 | +€13,957 | +97.5% |
| Taxes | 450/3 | €10,911 | €22,571 | +€11,659 | +106.9% |
| Remuneration and social security | 454/9 | €3,402 | €5,700 | +€2,298 | +67.5% |
| Other amounts payable | 47/48 | €716 | €14,028 | +€13,312 | +1860.6% |
| Remuneration, social security and pensions | 62 | €40,234 | €33,879 | -€6,355 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,851 | €6,839 | -€6,012 | -46.8% |
| Other operating charges | 640/8 | €969 | €1,381 | +€412 | +42.5% |
| Gross operating margin | 9900 | €74,961 | €72,308 | -€2,653 | -3.5% |
| Operating profit (loss) | 9901 | €20,906 | €30,209 | +€9,302 | +44.5% |
| Financial charges | 65/66B | €6,045 | €5,884 | -€161 | -2.7% |
| Recurring financial charges | 65 | €6,045 | €5,884 | -€161 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €14,862 | €24,325 | +€9,463 | +63.7% |
| Income taxes | 67/77 | €4,442 | €7,853 | +€3,411 | +76.8% |
| Profit (loss) for the period | 9904 | €10,420 | €16,472 | +€6,052 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,420 | €16,472 | +€6,052 | +58.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.