ENVICAS: 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.
ENVICAS
Largest movements
- Cash -€72,481
down €72,481 (-83.8%), from €86,511 to €14,030
mainly Tax, wage and social debts (-€82,643) and Debts after one year (-€39,029)
- Tangible fixed assets -€60,188
down €60,188 (-23.5%), from €256,324 to €196,136
of which Furniture and vehicles: -€51,901
- Receivables within one year -€25,505
down €25,505 (-17.3%), from €147,069 to €121,564
of which Trade receivables: -€25,905
- Tax, wage and social debts -€82,643
down €82,643 (-59.5%), from €138,973 to €56,330
of which Taxes: -€52,211
- Debts after one year -€39,029
down €39,029 (-87.5%), from €44,585 to €5,556
- Trade debts -€22,739
down €22,739 (-95.5%), from €23,822 to €1,083
- Current portion of long-term debt -€22,539
down €22,539 (-36.6%), from €61,568 to €39,029
- Reserves +€9,012
up €9,012 (+4.1%), from €220,109 to €229,121
of which Distributable reserves: +€9,012
- Staff costs +€5,558
up €5,558 (+6.7%), from €82,534 to €88,092
- Gross operating margin -€5,213
down €5,213 (-2.9%), from €180,194 to €174,981
- Taxes -€2,351
down €2,351 (-27.7%), from €8,498 to €6,146
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 | €499,058 | €341,120 | -€157,938 | -31.6% |
| Fixed assets | 21/28 | €256,324 | €196,136 | -€60,188 | -23.5% |
| Tangible fixed assets | 22/27 | €256,324 | €196,136 | -€60,188 | -23.5% |
| Land and buildings | 22 | €161,310 | €154,836 | -€6,474 | -4.0% |
| Plant, machinery and equipment | 23 | €8,576 | €6,762 | -€1,813 | -21.1% |
| Furniture and vehicles | 24 | €86,438 | €34,538 | -€51,901 | -60.0% |
| Current assets | 29/58 | €242,734 | €144,984 | -€97,750 | -40.3% |
| Amounts receivable within one year | 40/41 | €147,069 | €121,564 | -€25,505 | -17.3% |
| Trade receivables | 40 | €147,010 | €121,106 | -€25,905 | -17.6% |
| Other amounts receivable | 41 | €59 | €458 | +€399 | +677% |
| Cash at bank and in hand | 54/58 | €86,511 | €14,030 | -€72,481 | -83.8% |
| Deferred charges and accrued income | 490/1 | €9,154 | €9,390 | +€236 | +2.6% |
| Total equity and liabilities | 10/49 | €499,058 | €341,120 | -€157,938 | -31.6% |
| Equity | 10/15 | €230,109 | €239,121 | +€9,012 | +3.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €220,109 | €229,121 | +€9,012 | +4.1% |
| Tax-exempt reserves | 132 | €30,662 | €30,662 | = | 0.0% |
| Distributable reserves | 133 | €189,447 | €198,459 | +€9,012 | +4.8% |
| Amounts payable | 17/49 | €268,948 | €101,998 | -€166,950 | -62.1% |
| Amounts payable after more than one year | 17 | €44,585 | €5,556 | -€39,029 | -87.5% |
| Financial debts | 170/4 | €44,585 | €5,556 | -€39,029 | -87.5% |
| Amounts payable within one year | 42/48 | €224,363 | €96,443 | -€127,921 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €61,568 | €39,029 | -€22,539 | -36.6% |
| Trade debts | 44 | €23,822 | €1,083 | -€22,739 | -95.5% |
| Suppliers | 440/4 | €23,822 | €1,083 | -€22,739 | -95.5% |
| Taxes, remuneration and social security | 45 | €138,973 | €56,330 | -€82,643 | -59.5% |
| Taxes | 450/3 | €91,142 | €38,932 | -€52,211 | -57.3% |
| Remuneration and social security | 454/9 | €47,830 | €17,398 | -€30,432 | -63.6% |
| Remuneration, social security and pensions | 62 | €82,534 | €88,092 | +€5,558 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,230 | €63,169 | -€61 | -0.1% |
| Other operating charges | 640/8 | €5,954 | €5,330 | -€624 | -10.5% |
| Gross operating margin | 9900 | €180,194 | €174,981 | -€5,213 | -2.9% |
| Operating profit (loss) | 9901 | €28,476 | €18,391 | -€10,085 | -35.4% |
| Financial income | 75/76B | €22 | €1 | -€21 | -96.7% |
| Recurring financial income | 75 | €22 | €1 | -€21 | -96.7% |
| Financial charges | 65/66B | €4,387 | €3,234 | -€1,153 | -26.3% |
| Recurring financial charges | 65 | €4,387 | €3,234 | -€1,153 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €24,112 | €15,158 | -€8,953 | -37.1% |
| Income taxes | 67/77 | €8,498 | €6,146 | -€2,351 | -27.7% |
| Profit (loss) for the period | 9904 | €15,614 | €9,012 | -€6,602 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,614 | €9,012 | -€6,602 | -42.3% |
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 26 October 2026 via checked.be.