ENVISION: 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.
ENVISION
Largest movements
- Deferred charges and accrued income -€227,824
down €227,824 (-96.5%), from €236,120 to €8,296
- Tangible fixed assets -€169,118
down €169,118 (-14.8%), from €1.1m to €973,176
- Receivables within one year +€118,890
up €118,890 (+553.3%), from €21,486 to €140,376
of which Other amounts receivable: +€115,442
- Debts after one year -€96,529
down €96,529 (-10.0%), from €966,272 to €869,743
- Trade debts -€83,232
down €83,232 (-85.3%), from €97,518 to €14,287
- Current portion of long-term debt -€69,226
down €69,226 (-53.3%), from €129,852 to €60,626
- Tax, wage and social debts -€28,532
down €28,532 (-69.0%), from €41,363 to €12,831
of which Remuneration and social security: -€31,916
- Gross operating margin -€536,099
down €536,099 (-83.0%), from €646,045 to €109,946
- Staff costs -€403,696
down €403,696 (-99.9%), from €403,946 to €250
- Depreciation -€51,688
down €51,688 (-42.1%), from €122,766 to €71,078
- Taxes -€20,454
down €20,454 (-77.4%), from €26,413 to €5,959
- Financial charges -€6,936
down €6,936 (-40.0%), from €17,320 to €10,384
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 | €1,426,506 | €1,143,244 | -€283,262 | -19.9% |
| Fixed assets | 21/28 | €1,143,392 | €973,176 | -€170,216 | -14.9% |
| Intangible fixed assets | 21 | €595 | €0 | -€595 | -100.0% |
| Tangible fixed assets | 22/27 | €1,142,295 | €973,176 | -€169,118 | -14.8% |
| Land and buildings | 22 | €978,779 | €917,569 | -€61,209 | -6.3% |
| Plant, machinery and equipment | 23 | €105,161 | €33,087 | -€72,073 | -68.5% |
| Furniture and vehicles | 24 | €52,406 | €11,650 | -€40,756 | -77.8% |
| Other tangible fixed assets | 26 | €5,949 | €10,869 | +€4,920 | +82.7% |
| Financial fixed assets | 28 | €503 | €0 | -€503 | -100.0% |
| Current assets | 29/58 | €283,114 | €170,068 | -€113,046 | -39.9% |
| Amounts receivable within one year | 40/41 | €21,486 | €140,376 | +€118,890 | +553.3% |
| Trade receivables | 40 | - | €3,448 | +€3,448 | |
| Other amounts receivable | 41 | €21,486 | €136,928 | +€115,442 | +537.3% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €25,509 | €18,396 | -€7,113 | -27.9% |
| Deferred charges and accrued income | 490/1 | €236,120 | €8,296 | -€227,824 | -96.5% |
| Total equity and liabilities | 10/49 | €1,426,506 | €1,143,244 | -€283,262 | -19.9% |
| Equity | 10/15 | €180,153 | €184,747 | +€4,593 | +2.5% |
| Contributions | 10/11 | €18,600 | €17,726 | -€874 | -4.7% |
| Reserves | 13 | €161,553 | €167,020 | +€5,467 | +3.4% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €161,553 | €167,020 | +€5,467 | +3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,246,353 | €958,497 | -€287,856 | -23.1% |
| Amounts payable after more than one year | 17 | €966,272 | €869,743 | -€96,529 | -10.0% |
| Financial debts | 170/4 | €966,272 | €869,743 | -€96,529 | -10.0% |
| Amounts payable within one year | 42/48 | €277,390 | €87,754 | -€189,635 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | €129,852 | €60,626 | -€69,226 | -53.3% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €97,518 | €14,287 | -€83,232 | -85.3% |
| Suppliers | 440/4 | €97,518 | €14,287 | -€83,232 | -85.3% |
| Taxes, remuneration and social security | 45 | €41,363 | €12,831 | -€28,532 | -69.0% |
| Taxes | 450/3 | €9,446 | €12,831 | +€3,385 | +35.8% |
| Remuneration and social security | 454/9 | €31,916 | €0 | -€31,916 | -100.0% |
| Other amounts payable | 47/48 | €8,657 | €0 | -€8,657 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,691 | €1,000 | -€1,691 | -62.8% |
| Remuneration, social security and pensions | 62 | €403,946 | €250 | -€403,696 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,766 | €71,078 | -€51,688 | -42.1% |
| Other operating charges | 640/8 | €8,437 | €9,221 | +€785 | +9.3% |
| Gross operating margin | 9900 | €646,045 | €109,946 | -€536,099 | -83.0% |
| Operating profit (loss) | 9901 | €110,897 | €29,397 | -€81,499 | -73.5% |
| Financial income | 75/76B | €433 | €0 | -€433 | -99.9% |
| Recurring financial income | 75 | €433 | €0 | -€433 | -99.9% |
| Financial charges | 65/66B | €17,320 | €10,384 | -€6,936 | -40.0% |
| Recurring financial charges | 65 | €17,320 | €10,384 | -€6,936 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €94,010 | €19,014 | -€74,996 | -79.8% |
| Income taxes | 67/77 | €26,413 | €5,959 | -€20,454 | -77.4% |
| Profit (loss) for the period | 9904 | €67,597 | €13,054 | -€54,543 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,597 | €13,054 | -€54,543 | -80.7% |
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 11 October 2026 via checked.be.