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
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€56,108
up €56,108 (+240%), from €23,342 to €79,451
of which Trade receivables: +€53,618
- Cash -€39,158
down €39,158 (-22.7%), from €172,297 to €133,139
mainly Current investments (-€100,000) and Receivables within one year (-€56,108)
- Reserves +€98,051
up €98,051 (+60.1%), from €163,112 to €261,163
- Tax, wage and social debts +€14,968
up €14,968 (+35.5%), from €42,116 to €57,083
- Gross operating margin +€72,143
up €72,143 (+66.2%), from €109,051 to €181,195
- Taxes +€22,666
up €22,666 (+76.4%), from €29,675 to €52,341
- Financial income +€2,611
new in 2025: €2,611
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 | €214,007 | €327,936 | +€113,929 | +53.2% |
| Fixed assets | 21/28 | €13,643 | €11,218 | -€2,425 | -17.8% |
| Tangible fixed assets | 22/27 | €13,643 | €11,218 | -€2,425 | -17.8% |
| Plant, machinery and equipment | 23 | €8,277 | €5,432 | -€2,845 | -34.4% |
| Furniture and vehicles | 24 | €5,365 | €5,786 | +€420 | +7.8% |
| Current assets | 29/58 | €200,364 | €316,719 | +€116,354 | +58.1% |
| Amounts receivable within one year | 40/41 | €23,342 | €79,451 | +€56,108 | +240% |
| Trade receivables | 40 | €23,342 | €76,960 | +€53,618 | +230% |
| Other amounts receivable | 41 | - | €2,491 | +€2,491 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €172,297 | €133,139 | -€39,158 | -22.7% |
| Deferred charges and accrued income | 490/1 | €4,725 | €4,129 | -€596 | -12.6% |
| Total equity and liabilities | 10/49 | €214,007 | €327,936 | +€113,929 | +53.2% |
| Equity | 10/15 | €168,112 | €266,163 | +€98,051 | +58.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €163,112 | €261,163 | +€98,051 | +60.1% |
| Distributable reserves | 133 | €163,112 | €261,163 | +€98,051 | +60.1% |
| Amounts payable | 17/49 | €45,895 | €61,773 | +€15,878 | +34.6% |
| Amounts payable within one year | 42/48 | €44,707 | €61,509 | +€16,801 | +37.6% |
| Trade debts | 44 | €1,247 | €4,425 | +€3,178 | +255% |
| Suppliers | 440/4 | €1,247 | €4,425 | +€3,178 | +255% |
| Taxes, remuneration and social security | 45 | €42,116 | €57,083 | +€14,968 | +35.5% |
| Taxes | 450/3 | €42,116 | €57,083 | +€14,968 | +35.5% |
| Other amounts payable | 47/48 | €1,345 | - | -€1,345 | |
| Accrued charges and deferred income | 492/3 | €1,187 | €264 | -€923 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €3,971 | +€623 | +18.6% |
| Other operating charges | 640/8 | €866 | €637 | -€229 | -26.5% |
| Non-recurring operating charges | 66A | €299 | - | -€299 | |
| Gross operating margin | 9900 | €109,051 | €181,195 | +€72,143 | +66.2% |
| Operating profit (loss) | 9901 | €104,539 | €176,587 | +€72,048 | +68.9% |
| Financial income | 75/76B | - | €2,611 | +€2,611 | |
| Recurring financial income | 75 | - | €2,611 | +€2,611 | |
| Financial charges | 65/66B | €2,413 | €1,656 | -€757 | -31.4% |
| Recurring financial charges | 65 | €2,413 | €1,656 | -€757 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €102,126 | €177,542 | +€75,416 | +73.8% |
| Income taxes | 67/77 | €29,675 | €52,341 | +€22,666 | +76.4% |
| Profit (loss) for the period | 9904 | €72,451 | €125,201 | +€52,750 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,451 | €125,201 | +€52,750 | +72.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.