ENVO: 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.
ENVO
Largest movements
- Tangible fixed assets -€12,398
down €12,398 (-21.3%), from €58,292 to €45,895
of which Furniture and vehicles: -€12,749
- Cash +€9,030
up €9,030 (+160.4%), from €5,629 to €14,659
mainly Short-term financial debts (+€24,000) and Depreciation (+€16,604)
- Receivables within one year +€4,092
up €4,092 (+12.3%), from €33,344 to €37,436
of which Trade receivables: +€11,131
- Stocks and contracts +€4,000
up €4,000 (+266.3%), from €1,502 to €5,502
of which Stocks: +€4,000
- Deferred charges and accrued income +€1,193
up €1,193 (+54.1%), from €2,205 to €3,399
- Short-term financial debts +€24,000
new in 2025: €24,000
of which Credit institutions: +€24,000
- Other debts -€17,115
down €17,115 (-100.0%), from €17,115 to €0
- Debts after one year -€12,911
down €12,911 (-30.2%), from €42,758 to €29,847
of which Financial debts: -€12,911
- Trade debts +€5,894
up €5,894 (+170.2%), from €3,463 to €9,357
of which Suppliers: +€5,894
- Tax, wage and social debts +€4,465
up €4,465 (+77.2%), from €5,784 to €10,248
of which Taxes: +€2,653
- Gross operating margin +€22,635
up €22,635 (+66.9%), from €33,814 to €56,449
- Staff costs +€14,270
up €14,270 (+299.9%), from €4,759 to €19,029
- Other operating charges +€10,870
up €10,870 (+15914.7%), from €68 to €10,938
- Taxes -€4,505
down €4,505 (-84.9%), from €5,307 to €802
- Depreciation +€2,575
up €2,575 (+18.4%), from €14,029 to €16,604
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 | €103,023 | €108,941 | +€5,918 | +5.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €60,342 | €47,945 | -€12,398 | -20.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €58,292 | €45,895 | -€12,398 | -21.3% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €9,757 | €8,528 | -€1,229 | -12.6% |
| Furniture and vehicles | 24 | €48,535 | €35,787 | -€12,749 | -26.3% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €1,579 | +€1,579 | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €42,681 | €60,996 | +€18,316 | +42.9% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €1,502 | €5,502 | +€4,000 | +266.3% |
| Stocks | 30/36 | €1,502 | €5,502 | +€4,000 | +266.3% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €33,344 | €37,436 | +€4,092 | +12.3% |
| Trade receivables | 40 | €25,394 | €36,525 | +€11,131 | +43.8% |
| Other amounts receivable | 41 | €7,950 | €911 | -€7,039 | -88.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €5,629 | €14,659 | +€9,030 | +160.4% |
| Deferred charges and accrued income | 490/1 | €2,205 | €3,399 | +€1,193 | +54.1% |
| Total equity and liabilities | 10/49 | €103,023 | €108,941 | +€5,918 | +5.7% |
| Equity | 10/15 | €20,966 | €21,207 | +€241 | +1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €18,966 | €19,207 | +€241 | +1.3% |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €82,057 | €87,734 | +€5,677 | +6.9% |
| Amounts payable after more than one year | 17 | €42,758 | €29,847 | -€12,911 | -30.2% |
| Financial debts | 170/4 | €42,758 | €29,847 | -€12,911 | -30.2% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €39,299 | €56,516 | +€17,217 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €12,937 | €12,911 | -€26 | -0.2% |
| Financial debts | 43 | - | €24,000 | +€24,000 | |
| Credit institutions | 430/8 | - | €24,000 | +€24,000 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €3,463 | €9,357 | +€5,894 | +170.2% |
| Suppliers | 440/4 | €3,463 | €9,357 | +€5,894 | +170.2% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €5,784 | €10,248 | +€4,465 | +77.2% |
| Taxes | 450/3 | €5,296 | €7,949 | +€2,653 | +50.1% |
| Remuneration and social security | 454/9 | €488 | €2,299 | +€1,812 | +371.6% |
| Other amounts payable | 47/48 | €17,115 | €0 | -€17,115 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,371 | +€1,371 | |
| Remuneration, social security and pensions | 62 | €4,759 | €19,029 | +€14,270 | +299.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,029 | €16,604 | +€2,575 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €68 | €10,938 | +€10,870 | +15914.7% |
| Non-recurring operating charges | 66A | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €33,814 | €56,449 | +€22,635 | +66.9% |
| Operating profit (loss) | 9901 | €14,957 | €7,378 | -€7,579 | -50.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €3,864 | €6,335 | +€2,471 | +63.9% |
| Recurring financial charges | 65 | €3,864 | €6,335 | +€2,471 | +63.9% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €11,096 | €1,043 | -€10,054 | -90.6% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €5,307 | €802 | -€4,505 | -84.9% |
| Profit (loss) for the period | 9904 | €5,789 | €241 | -€5,549 | -95.8% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €5,789 | €241 | -€5,549 | -95.8% |
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 9 October 2026 via checked.be.