ENVITEC: 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.
ENVITEC
Largest movements
- Receivables within one year -€582,642
down €582,642 (-16.3%), from €3.6m to €3.0m
of which Trade receivables: -€746,266
- Tangible fixed assets -€131,224
down €131,224 (-28.3%), from €463,343 to €332,119
of which Furniture and vehicles: -€68,757
- Stocks and contracts -€96,974
down €96,974 (-12.1%), from €802,746 to €705,772
- Cash +€90,811
up €90,811 (+22.9%), from €395,891 to €486,702
mainly Receivables within one year (+€582,642) and Other debts (+€465,339)
- Trade debts -€725,396
down €725,396 (-29.3%), from €2.5m to €1.7m
- Other debts +€465,339
up €465,339 (+167.2%), from €278,379 to €743,717
- Reserves -€263,642
down €263,642 (-14.7%), from €1.8m to €1.5m
of which Distributable reserves: -€256,785
- Accrued charges and deferred income -€250,123
down €250,123 (-64.9%), from €385,230 to €135,107
- Provisions +€57,715
up €57,715 (+89.2%), from €64,690 to €122,405
of which Provisions for liabilities and charges: +€60,000
- Write-downs +€279,036
up €279,036 (+2641.7%), from €10,563 to €289,598
- Staff costs -€166,022
down €166,022 (-29.9%), from €555,655 to €389,634
- Provisions +€60,000
up €60,000, from €0 to €60,000
- Gross operating margin +€51,912
up €51,912 (+7.7%), from €674,640 to €726,552
- Other operating charges +€28,324
up €28,324 (+60.2%), from €47,055 to €75,380
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 | €5,334,075 | €4,543,875 | -€790,199 | -14.8% |
| Fixed assets | 21/28 | €496,815 | €340,590 | -€156,224 | -31.4% |
| Tangible fixed assets | 22/27 | €463,343 | €332,119 | -€131,224 | -28.3% |
| Land and buildings | 22 | €55,555 | €41,400 | -€14,154 | -25.5% |
| Plant, machinery and equipment | 23 | €117,618 | €80,873 | -€36,745 | -31.2% |
| Furniture and vehicles | 24 | €262,615 | €193,859 | -€68,757 | -26.2% |
| Leasing and similar rights | 25 | €27,555 | €15,987 | -€11,568 | -42.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €33,471 | €8,471 | -€25,000 | -74.7% |
| Current assets | 29/58 | €4,837,260 | €4,203,285 | -€633,975 | -13.1% |
| Stocks and contracts in progress | 3 | €802,746 | €705,772 | -€96,974 | -12.1% |
| Stocks | 30/36 | €802,746 | €705,772 | -€96,974 | -12.1% |
| Amounts receivable within one year | 40/41 | €3,577,873 | €2,995,231 | -€582,642 | -16.3% |
| Trade receivables | 40 | €1,163,518 | €417,252 | -€746,266 | -64.1% |
| Other amounts receivable | 41 | €2,414,356 | €2,577,980 | +€163,624 | +6.8% |
| Cash at bank and in hand | 54/58 | €395,891 | €486,702 | +€90,811 | +22.9% |
| Deferred charges and accrued income | 490/1 | €60,750 | €15,579 | -€45,170 | -74.4% |
| Total equity and liabilities | 10/49 | €5,334,075 | €4,543,875 | -€790,199 | -14.8% |
| Equity | 10/15 | €1,898,165 | €1,634,524 | -€263,642 | -13.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,798,165 | €1,534,524 | -€263,642 | -14.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,267 | €194,410 | -€6,856 | -3.4% |
| Distributable reserves | 133 | €1,586,898 | €1,330,113 | -€256,785 | -16.2% |
| Provisions and deferred taxes | 16 | €64,690 | €122,405 | +€57,715 | +89.2% |
| Provisions for liabilities and charges | 160/5 | - | €60,000 | +€60,000 | |
| Pensions and similar obligations | 160 | - | €60,000 | +€60,000 | |
| Deferred taxes | 168 | €64,690 | €62,405 | -€2,285 | -3.5% |
| Amounts payable | 17/49 | €3,371,219 | €2,786,947 | -€584,272 | -17.3% |
| Amounts payable after more than one year | 17 | €42,931 | €16,730 | -€26,201 | -61.0% |
| Financial debts | 170/4 | €42,931 | €16,730 | -€26,201 | -61.0% |
| Amounts payable within one year | 42/48 | €2,943,059 | €2,635,110 | -€307,949 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €15,871 | €6,808 | -€9,063 | -57.1% |
| Trade debts | 44 | €2,472,585 | €1,747,189 | -€725,396 | -29.3% |
| Suppliers | 440/4 | €2,472,585 | €1,747,189 | -€725,396 | -29.3% |
| Taxes, remuneration and social security | 45 | €176,224 | €137,396 | -€38,828 | -22.0% |
| Taxes | 450/3 | €146,660 | €116,953 | -€29,707 | -20.3% |
| Remuneration and social security | 454/9 | €29,564 | €20,443 | -€9,121 | -30.9% |
| Other amounts payable | 47/48 | €278,379 | €743,717 | +€465,339 | +167.2% |
| Accrued charges and deferred income | 492/3 | €385,230 | €135,107 | -€250,123 | -64.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €555,655 | €389,634 | -€166,022 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,129 | €144,749 | +€9,621 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,563 | €289,598 | +€279,036 | +2641.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €60,000 | +€60,000 | |
| Other operating charges | 640/8 | €47,055 | €75,380 | +€28,324 | +60.2% |
| Gross operating margin | 9900 | €674,640 | €726,552 | +€51,912 | +7.7% |
| Operating profit (loss) | 9901 | -€73,762 | -€232,809 | -€159,047 | -215.6% |
| Financial income | 75/76B | €1 | €10,989 | +€10,987 | +773746.5% |
| Recurring financial income | 75 | €1 | €10,989 | +€10,987 | +773746.5% |
| Financial charges | 65/66B | €28,388 | €53,873 | +€25,485 | +89.8% |
| Recurring financial charges | 65 | €28,388 | €28,873 | +€485 | +1.7% |
| Non-recurring financial charges | 66B | - | €25,000 | +€25,000 | |
| Profit (loss) for the period before taxes | 9903 | -€102,149 | -€275,693 | -€173,545 | -169.9% |
| Transfer from deferred taxes | 780 | €2,285 | €2,285 | = | 0.0% |
| Income taxes | 67/77 | €5,805 | -€9,766 | -€15,571 | |
| Profit (loss) for the period | 9904 | -€105,668 | -€263,642 | -€157,973 | -149.5% |
| Transfer from tax-exempt reserves | 789 | €6,856 | €6,856 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,812 | -€256,785 | -€157,973 | -159.9% |
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 11 October 2026 via checked.be.