Envision: 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.
Envision
Largest movements
- Receivables within one year +€18,998
up €18,998 (+170.0%), from €11,174 to €30,172
of which Trade receivables: +€15,125
- Tangible fixed assets +€6,797
up €6,797 (+50.7%), from €13,405 to €20,202
of which Furniture and vehicles: +€9,815
- Other debts +€37,043
up €37,043 (+86.5%), from €42,834 to €79,877
- Debts after one year -€20,677
down €20,677 (-43.1%), from €47,941 to €27,264
- Tax, wage and social debts +€8,502
up €8,502 (+1598.3%), from €532 to €9,034
- Trade debts -€5,875
down €5,875 (-89.5%), from €6,562 to €687
- Current portion of long-term debt +€5,814
up €5,814 (+25.2%), from €23,105 to €28,919
- Other operating charges -€3,480
down €3,480 (-62.5%), from €5,569 to €2,088
- Financial income -€2,632
down €2,632 (-62.5%), from €4,214 to €1,581
- Depreciation +€2,071
up €2,071 (+46.5%), from €4,454 to €6,525
- Gross operating margin +€918
up €918 (+8.0%), from €11,422 to €12,340
- Financial charges +€168
up €168 (+3.5%), from €4,809 to €4,978
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 | €142,432 | €167,319 | +€24,887 | +17.5% |
| Fixed assets | 21/28 | €15,992 | €21,860 | +€5,868 | +36.7% |
| Intangible fixed assets | 21 | €2,588 | €1,658 | -€930 | -35.9% |
| Tangible fixed assets | 22/27 | €13,405 | €20,202 | +€6,797 | +50.7% |
| Plant, machinery and equipment | 23 | €6,436 | €4,690 | -€1,746 | -27.1% |
| Furniture and vehicles | 24 | €140 | €9,955 | +€9,815 | +7017.0% |
| Other tangible fixed assets | 26 | €6,828 | €5,557 | -€1,272 | -18.6% |
| Current assets | 29/58 | €126,439 | €145,459 | +€19,019 | +15.0% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,174 | €30,172 | +€18,998 | +170.0% |
| Trade receivables | 40 | - | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €11,174 | €15,047 | +€3,873 | +34.7% |
| Current investments | 50/53 | €6,231 | €7,731 | +€1,500 | +24.1% |
| Cash at bank and in hand | 54/58 | €657 | €355 | -€302 | -46.0% |
| Deferred charges and accrued income | 490/1 | €13,377 | €12,200 | -€1,177 | -8.8% |
| Total equity and liabilities | 10/49 | €142,432 | €167,319 | +€24,887 | +17.5% |
| Equity | 10/15 | €19,332 | €19,663 | +€330 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €732 | €1,063 | +€330 | +45.1% |
| Distributable reserves | 133 | €732 | €1,063 | +€330 | +45.1% |
| Amounts payable | 17/49 | €123,100 | €147,656 | +€24,557 | +19.9% |
| Amounts payable after more than one year | 17 | €47,941 | €27,264 | -€20,677 | -43.1% |
| Financial debts | 170/4 | €47,941 | €27,264 | -€20,677 | -43.1% |
| Amounts payable within one year | 42/48 | €73,032 | €118,517 | +€45,484 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €23,105 | €28,919 | +€5,814 | +25.2% |
| Trade debts | 44 | €6,562 | €687 | -€5,875 | -89.5% |
| Suppliers | 440/4 | €6,562 | €687 | -€5,875 | -89.5% |
| Taxes, remuneration and social security | 45 | €532 | €9,034 | +€8,502 | +1598.3% |
| Taxes | 450/3 | €532 | €9,034 | +€8,502 | +1598.3% |
| Other amounts payable | 47/48 | €42,834 | €79,877 | +€37,043 | +86.5% |
| Accrued charges and deferred income | 492/3 | €2,126 | €1,876 | -€250 | -11.8% |
| Non-recurring operating income | 76A | - | €3,009 | +€3,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,454 | €6,525 | +€2,071 | +46.5% |
| Other operating charges | 640/8 | €5,569 | €2,088 | -€3,480 | -62.5% |
| Gross operating margin | 9900 | €11,422 | €12,340 | +€918 | +8.0% |
| Operating profit (loss) | 9901 | €1,400 | €3,727 | +€2,327 | +166.3% |
| Financial income | 75/76B | €4,214 | €1,581 | -€2,632 | -62.5% |
| Recurring financial income | 75 | €4,214 | €1,581 | -€2,632 | -62.5% |
| Financial charges | 65/66B | €4,809 | €4,978 | +€168 | +3.5% |
| Recurring financial charges | 65 | €4,809 | €4,978 | +€168 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €804 | €330 | -€474 | -58.9% |
| Income taxes | 67/77 | €72 | - | -€72 | |
| Profit (loss) for the period | 9904 | €732 | €330 | -€402 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €732 | €330 | -€402 | -54.9% |
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 2 October 2026 via checked.be.