Envigor: 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.
Envigor
Largest movements
- Receivables within one year +€26,626
up €26,626 (+40.1%), from €66,403 to €93,029
of which Other amounts receivable: +€32,236
- Cash +€8,303
up €8,303 (+27.6%), from €30,110 to €38,413
mainly Net result for the year (+€36,425) and Other debts (+€29,750)
- Tangible fixed assets -€6,043
down €6,043 (-2.2%), from €277,693 to €271,650
of which Land and buildings: -€5,833
- Other debts +€29,750
up €29,750, from €0 to €29,750
- Debts after one year -€13,015
down €13,015 (-5.6%), from €232,938 to €219,922
- Current portion of long-term debt +€11,346
up €11,346 (+90.6%), from €12,526 to €23,872
- Depreciation -€28,225
down €28,225 (-78.6%), from €35,930 to €7,706
- Gross operating margin -€8,708
down €8,708 (-11.1%), from €78,772 to €70,064
- Financial charges +€8,071
up €8,071 (+203.2%), from €3,973 to €12,044
- Other operating charges +€3,163
up €3,163 (+843.5%), from €375 to €3,539
- Taxes +€1,447
up €1,447 (+14.8%), from €9,748 to €11,195
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 | €374,743 | €403,092 | +€28,350 | +7.6% |
| Fixed assets | 21/28 | €277,693 | €271,650 | -€6,043 | -2.2% |
| Tangible fixed assets | 22/27 | €277,693 | €271,650 | -€6,043 | -2.2% |
| Land and buildings | 22 | €273,629 | €267,796 | -€5,833 | -2.1% |
| Plant, machinery and equipment | 23 | €3,007 | €3,076 | +€69 | +2.3% |
| Furniture and vehicles | 24 | €1,056 | €777 | -€279 | -26.4% |
| Current assets | 29/58 | €97,050 | €131,443 | +€34,393 | +35.4% |
| Amounts receivable within one year | 40/41 | €66,403 | €93,029 | +€26,626 | +40.1% |
| Trade receivables | 40 | €34,676 | €29,067 | -€5,610 | -16.2% |
| Other amounts receivable | 41 | €31,726 | €63,963 | +€32,236 | +101.6% |
| Cash at bank and in hand | 54/58 | €30,110 | €38,413 | +€8,303 | +27.6% |
| Deferred charges and accrued income | 490/1 | €537 | - | -€537 | |
| Total equity and liabilities | 10/49 | €374,743 | €403,092 | +€28,350 | +7.6% |
| Equity | 10/15 | €103,026 | €104,451 | +€1,425 | +1.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €101,026 | €102,451 | +€1,425 | +1.4% |
| Distributable reserves | 133 | €101,026 | €102,451 | +€1,425 | +1.4% |
| Amounts payable | 17/49 | €271,717 | €298,641 | +€26,924 | +9.9% |
| Amounts payable after more than one year | 17 | €232,938 | €219,922 | -€13,015 | -5.6% |
| Financial debts | 170/4 | €232,938 | €219,922 | -€13,015 | -5.6% |
| Amounts payable within one year | 42/48 | €38,779 | €78,719 | +€39,940 | +103.0% |
| Current portion of amounts payable after more than one year | 42 | €12,526 | €23,872 | +€11,346 | +90.6% |
| Trade debts | 44 | €2,183 | €1,775 | -€408 | -18.7% |
| Suppliers | 440/4 | €2,183 | €1,775 | -€408 | -18.7% |
| Taxes, remuneration and social security | 45 | €24,070 | €23,322 | -€749 | -3.1% |
| Taxes | 450/3 | €24,070 | €23,322 | -€749 | -3.1% |
| Other amounts payable | 47/48 | €0 | €29,750 | +€29,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,930 | €7,706 | -€28,225 | -78.6% |
| Other operating charges | 640/8 | €375 | €3,539 | +€3,163 | +843.5% |
| Gross operating margin | 9900 | €78,772 | €70,064 | -€8,708 | -11.1% |
| Operating profit (loss) | 9901 | €42,467 | €58,820 | +€16,353 | +38.5% |
| Financial income | 75/76B | €479 | €844 | +€366 | +76.4% |
| Recurring financial income | 75 | €479 | €844 | +€366 | +76.4% |
| Financial charges | 65/66B | €3,973 | €12,044 | +€8,071 | +203.2% |
| Recurring financial charges | 65 | €3,973 | €12,044 | +€8,071 | +203.2% |
| Profit (loss) for the period before taxes | 9903 | €38,973 | €47,620 | +€8,647 | +22.2% |
| Income taxes | 67/77 | €9,748 | €11,195 | +€1,447 | +14.8% |
| Profit (loss) for the period | 9904 | €29,225 | €36,425 | +€7,200 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,225 | €36,425 | +€7,200 | +24.6% |
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 5 October 2026 via checked.be.