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
- Receivables within one year +€165,569
up €165,569 (+361%), from €45,804 to €211,373
of which Trade receivables: +€145,056
- Cash +€20,818
up €20,818, from €0 to €20,818
mainly Depreciation (+€92,189) and Trade debts (+€81,050)
- Tangible fixed assets -€10,564
down €10,564 (-2.8%), from €371,604 to €361,040
- Trade debts +€81,050
up €81,050 (+48.5%), from €167,045 to €248,094
- Profit (loss) carried forward +€53,583
up €53,583 (+112%), from €47,998 to €101,581
- Other debts +€40,489
up €40,489 (+44.4%), from €91,103 to €131,592
- Current portion of long-term debt -€19,370
down €19,370 (-56.3%), from €34,402 to €15,033
- Tax, wage and social debts +€18,390
up €18,390 (+59.5%), from €30,899 to €49,290
of which Taxes: +€11,922
- Gross operating margin +€228,280
up €228,280 (+560%), from €40,792 to €269,072
- Financial income -€166,644
down €166,644 (-84.3%), from €197,626 to €30,981
- Staff costs +€46,578
up €46,578 (+60.4%), from €77,081 to €123,659
- Depreciation +€25,153
up €25,153 (+37.5%), from €67,036 to €92,189
- Taxes +€14,846
new in 2025: €14,846
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.
Derived cash bridge
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 | €429,417 | €603,581 | +€174,164 | +40.6% |
| Fixed assets | 21/28 | €383,322 | €371,390 | -€11,932 | -3.1% |
| Intangible fixed assets | 21 | €2,718 | €1,350 | -€1,368 | -50.3% |
| Tangible fixed assets | 22/27 | €371,604 | €361,040 | -€10,564 | -2.8% |
| Plant, machinery and equipment | 23 | €371,604 | €361,040 | -€10,564 | -2.8% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €46,095 | €232,191 | +€186,096 | +404% |
| Amounts receivable within one year | 40/41 | €45,804 | €211,373 | +€165,569 | +361% |
| Trade receivables | 40 | €45,374 | €190,430 | +€145,056 | +320% |
| Other amounts receivable | 41 | €430 | €20,943 | +€20,513 | +4,773% |
| Cash at bank and in hand | 54/58 | €0 | €20,818 | +€20,818 | |
| Deferred charges and accrued income | 490/1 | €291 | €0 | -€291 | -100% |
| Total equity and liabilities | 10/49 | €429,417 | €603,581 | +€174,164 | +40.6% |
| Equity | 10/15 | €82,998 | €136,581 | +€53,583 | +64.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,998 | €101,581 | +€53,583 | +112% |
| Amounts payable | 17/49 | €346,420 | €467,000 | +€120,581 | +34.8% |
| Amounts payable after more than one year | 17 | €22,971 | €22,971 | = | 0.0% |
| Financial debts | 170/4 | €22,971 | €22,971 | = | 0.0% |
| Amounts payable within one year | 42/48 | €323,449 | €444,029 | +€120,581 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €34,402 | €15,033 | -€19,370 | -56.3% |
| Financial debts | 43 | €0 | €21 | +€21 | |
| Credit institutions | 430/8 | €0 | €21 | +€21 | |
| Trade debts | 44 | €167,045 | €248,094 | +€81,050 | +48.5% |
| Suppliers | 440/4 | €167,045 | €248,094 | +€81,050 | +48.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,899 | €49,290 | +€18,390 | +59.5% |
| Taxes | 450/3 | €22,730 | €34,652 | +€11,922 | +52.4% |
| Remuneration and social security | 454/9 | €8,169 | €14,638 | +€6,469 | +79.2% |
| Other amounts payable | 47/48 | €91,103 | €131,592 | +€40,489 | +44.4% |
| Non-recurring operating income | 76A | €44,425 | €0 | -€44,425 | -100% |
| Remuneration, social security and pensions | 62 | €77,081 | €123,659 | +€46,578 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,036 | €92,189 | +€25,153 | +37.5% |
| Other operating charges | 640/8 | €6,189 | €6,227 | +€37 | +0.6% |
| Gross operating margin | 9900 | €40,792 | €269,072 | +€228,280 | +560% |
| Operating profit (loss) | 9901 | -€109,514 | €46,997 | +€156,511 | |
| Financial income | 75/76B | €197,626 | €30,981 | -€166,644 | -84.3% |
| Recurring financial income | 75 | €197,626 | €30,981 | -€166,644 | -84.3% |
| Financial charges | 65/66B | €19,514 | €9,549 | -€9,965 | -51.1% |
| Recurring financial charges | 65 | €19,514 | €9,549 | -€9,965 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €68,598 | €68,430 | -€168 | -0.2% |
| Income taxes | 67/77 | - | €14,846 | +€14,846 | |
| Profit (loss) for the period | 9904 | €68,598 | €53,583 | -€15,014 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,598 | €53,583 | -€15,014 | -21.9% |
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 17 October 2026 via checked.be.