ENVIE: what changed
ENVIE
Largest movements
- Stocks and contracts +€9,620
up €9,620 (+17.6%), from €54,790 to €64,410
- Tangible fixed assets -€5,890
down €5,890 (-25.2%), from €23,375 to €17,485
- Receivables within one year -€5,630
down €5,630 (-80.4%), from €7,003 to €1,373
of which Trade receivables: -€3,914
- Deferred charges and accrued income -€2,294
down €2,294 (-47.0%), from €4,880 to €2,586
- Cash +€1,988
up €1,988 (+164%), from €1,209 to €3,197
mainly Trade debts (+€33,812) and Other debts (+€11,831)
- Profit (loss) carried forward -€62,114
down €62,114 (-114%), from -€54,287 to -€116,401
- Trade debts +€33,812
up €33,812 (+24,303%), from €139 to €33,952
- Other debts +€11,831
up €11,831 (+21.0%), from €56,294 to €68,126
- Short-term financial debts +€7,047
up €7,047 (+15.6%), from €45,107 to €52,153
- Tax, wage and social debts +€6,087
up €6,087 (+275%), from €2,215 to €8,302
of which Remuneration and social security: +€3,982
- Staff costs +€30,913
up €30,913 (+208%), from €14,883 to €45,796
- Gross operating margin +€21,848
up €21,848, from -€18,862 to €2,986
- Financial charges -€2,506
down €2,506 (-22.0%), from €11,413 to €8,907
- Depreciation +€2,266
up €2,266 (+31.1%), from €7,276 to €9,542
- Other operating charges -€1,084
down €1,084 (-64.5%), from €1,681 to €597
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 | €97,663 | €94,650 | -€3,014 | -3.1% |
| Fixed assets | 21/28 | €29,781 | €23,083 | -€6,698 | -22.5% |
| Intangible fixed assets | 21 | €1,636 | €827 | -€809 | -49.4% |
| Tangible fixed assets | 22/27 | €23,375 | €17,485 | -€5,890 | -25.2% |
| Plant, machinery and equipment | 23 | €3,386 | €1,412 | -€1,974 | -58.3% |
| Furniture and vehicles | 24 | €14,311 | €11,885 | -€2,426 | -17.0% |
| Other tangible fixed assets | 26 | €5,678 | €4,188 | -€1,490 | -26.2% |
| Financial fixed assets | 28 | €4,770 | €4,770 | = | 0.0% |
| Current assets | 29/58 | €67,882 | €71,567 | +€3,685 | +5.4% |
| Stocks and contracts in progress | 3 | €54,790 | €64,410 | +€9,620 | +17.6% |
| Stocks | 30/36 | €54,790 | €64,410 | +€9,620 | +17.6% |
| Amounts receivable within one year | 40/41 | €7,003 | €1,373 | -€5,630 | -80.4% |
| Trade receivables | 40 | €4,619 | €705 | -€3,914 | -84.7% |
| Other amounts receivable | 41 | €2,384 | €668 | -€1,716 | -72.0% |
| Cash at bank and in hand | 54/58 | €1,209 | €3,197 | +€1,988 | +164% |
| Deferred charges and accrued income | 490/1 | €4,880 | €2,586 | -€2,294 | -47.0% |
| Total equity and liabilities | 10/49 | €97,663 | €94,650 | -€3,014 | -3.1% |
| Equity | 10/15 | -€46,801 | -€108,914 | -€62,114 | -133% |
| Reserves | 13 | €7,487 | €7,487 | = | 0.0% |
| Distributable reserves | 133 | €7,487 | €7,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,287 | -€116,401 | -€62,114 | -114% |
| Amounts payable | 17/49 | €144,464 | €203,564 | +€59,100 | +40.9% |
| Amounts payable after more than one year | 17 | €16,741 | €15,675 | -€1,066 | -6.4% |
| Financial debts | 170/4 | €16,741 | €15,675 | -€1,066 | -6.4% |
| Amounts payable within one year | 42/48 | €127,560 | €187,296 | +€59,735 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €23,805 | €24,763 | +€958 | +4.0% |
| Financial debts | 43 | €45,107 | €52,153 | +€7,047 | +15.6% |
| Credit institutions | 430/8 | €45,107 | €52,153 | +€7,047 | +15.6% |
| Trade debts | 44 | €139 | €33,952 | +€33,812 | +24,303% |
| Suppliers | 440/4 | €139 | €33,952 | +€33,812 | +24,303% |
| Taxes, remuneration and social security | 45 | €2,215 | €8,302 | +€6,087 | +275% |
| Taxes | 450/3 | €179 | €2,284 | +€2,105 | +1,174% |
| Remuneration and social security | 454/9 | €2,035 | €6,018 | +€3,982 | +196% |
| Other amounts payable | 47/48 | €56,294 | €68,126 | +€11,831 | +21.0% |
| Accrued charges and deferred income | 492/3 | €163 | €593 | +€430 | +264% |
| Remuneration, social security and pensions | 62 | €14,883 | €45,796 | +€30,913 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,276 | €9,542 | +€2,266 | +31.1% |
| Other operating charges | 640/8 | €1,681 | €597 | -€1,084 | -64.5% |
| Gross operating margin | 9900 | -€18,862 | €2,986 | +€21,848 | |
| Operating profit (loss) | 9901 | -€42,702 | -€52,949 | -€10,247 | -24.0% |
| Financial income | 75/76B | €33 | €9 | -€24 | -74.1% |
| Recurring financial income | 75 | €33 | €9 | -€24 | -74.1% |
| Financial charges | 65/66B | €11,413 | €8,907 | -€2,506 | -22.0% |
| Recurring financial charges | 65 | €11,413 | €8,907 | -€2,506 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,082 | -€61,847 | -€7,765 | -14.4% |
| Income taxes | 67/77 | €205 | €267 | +€61 | +29.8% |
| Profit (loss) for the period | 9904 | -€54,287 | -€62,114 | -€7,826 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,287 | -€62,114 | -€7,826 | -14.4% |
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 6 November 2026 via checked.be.