ENVIRO CHALLENGE: what changed
ENVIRO CHALLENGE
Largest movements
- Receivables within one year -€36,762
down €36,762 (-20.6%), from €178,422 to €141,659
of which Trade receivables: -€38,254
- Cash +€23,971
up €23,971 (+15.5%), from €154,731 to €178,702
mainly Receivables within one year (+€36,762) and Depreciation (+€29,745)
- Tangible fixed assets -€15,157
down €15,157 (-56.9%), from €26,634 to €11,477
of which Land and buildings: -€21,606
- Current portion of long-term debt -€21,597
down €21,597 (-91.5%), from €23,612 to €2,015
- Trade debts -€6,651
down €6,651 (-37.7%), from €17,636 to €10,985
- Reserves +€4,875
up €4,875 (+4.7%), from €102,962 to €107,837
- Gross operating margin +€14,656
up €14,656 (+12.3%), from €119,589 to €134,245
- Staff costs +€9,527
up €9,527 (+10.8%), from €88,266 to €97,793
- Depreciation +€1,858
up €1,858 (+6.7%), from €27,888 to €29,745
- Financial charges -€1,743
down €1,743 (-70.2%), from €2,484 to €741
- Financial income +€1,471
up €1,471 (+72.8%), from €2,021 to €3,492
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 | €359,787 | €331,838 | -€27,949 | -7.8% |
| Fixed assets | 21/28 | €26,634 | €11,477 | -€15,157 | -56.9% |
| Tangible fixed assets | 22/27 | €26,634 | €11,477 | -€15,157 | -56.9% |
| Land and buildings | 22 | €22,358 | €752 | -€21,606 | -96.6% |
| Plant, machinery and equipment | 23 | - | €1,942 | +€1,942 | |
| Furniture and vehicles | 24 | €4,276 | €8,782 | +€4,506 | +105% |
| Current assets | 29/58 | €333,153 | €320,362 | -€12,791 | -3.8% |
| Amounts receivable within one year | 40/41 | €178,422 | €141,659 | -€36,762 | -20.6% |
| Trade receivables | 40 | €174,689 | €136,435 | -€38,254 | -21.9% |
| Other amounts receivable | 41 | €3,733 | €5,224 | +€1,491 | +40.0% |
| Cash at bank and in hand | 54/58 | €154,731 | €178,702 | +€23,971 | +15.5% |
| Total equity and liabilities | 10/49 | €359,787 | €331,838 | -€27,949 | -7.8% |
| Equity | 10/15 | €302,962 | €307,837 | +€4,875 | +1.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €102,962 | €107,837 | +€4,875 | +4.7% |
| Distributable reserves | 133 | €102,962 | €107,837 | +€4,875 | +4.7% |
| Amounts payable | 17/49 | €56,826 | €24,002 | -€32,824 | -57.8% |
| Amounts payable after more than one year | 17 | €2,015 | - | -€2,015 | |
| Financial debts | 170/4 | €2,015 | - | -€2,015 | |
| Amounts payable within one year | 42/48 | €54,811 | €24,002 | -€30,809 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €23,612 | €2,015 | -€21,597 | -91.5% |
| Trade debts | 44 | €17,636 | €10,985 | -€6,651 | -37.7% |
| Suppliers | 440/4 | €17,636 | €10,985 | -€6,651 | -37.7% |
| Taxes, remuneration and social security | 45 | €13,563 | €11,002 | -€2,561 | -18.9% |
| Taxes | 450/3 | €2,325 | €1,715 | -€610 | -26.2% |
| Remuneration and social security | 454/9 | €11,238 | €9,287 | -€1,951 | -17.4% |
| Remuneration, social security and pensions | 62 | €88,266 | €97,793 | +€9,527 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,888 | €29,745 | +€1,858 | +6.7% |
| Other operating charges | 640/8 | €2,713 | €2,781 | +€68 | +2.5% |
| Gross operating margin | 9900 | €119,589 | €134,245 | +€14,656 | +12.3% |
| Operating profit (loss) | 9901 | €723 | €3,926 | +€3,203 | +443% |
| Financial income | 75/76B | €2,021 | €3,492 | +€1,471 | +72.8% |
| Recurring financial income | 75 | €2,021 | €3,492 | +€1,471 | +72.8% |
| Financial charges | 65/66B | €2,484 | €741 | -€1,743 | -70.2% |
| Recurring financial charges | 65 | €2,484 | €741 | -€1,743 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €260 | €6,677 | +€6,418 | +2,473% |
| Income taxes | 67/77 | €1,511 | €1,802 | +€292 | +19.3% |
| Profit (loss) for the period | 9904 | -€1,251 | €4,875 | +€6,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,251 | €4,875 | +€6,126 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.