NetEnvoy: what changed
Two fiscal 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.
NetEnvoy
Largest movements
- Cash +€79,396
up €79,396 (+50.8%), from €156,383 to €235,780
mainly Net result for the year (+€77,418) and Depreciation (+€11,968)
- Tangible fixed assets -€2,932
down €2,932 (-22.7%), from €12,941 to €10,008
of which Furniture and vehicles: -€7,810
- Receivables within one year -€2,879
down €2,879 (-15.5%), from €18,548 to €15,670
- Reserves +€77,418
up €77,418 (+51.6%), from €150,046 to €227,464
- Tax, wage and social debts -€3,777
down €3,777 (-11.6%), from €32,629 to €28,852
- Gross operating margin -€7,776
down €7,776 (-6.5%), from €119,511 to €111,734
- Taxes -€2,428
down €2,428 (-10.2%), from €23,845 to €21,417
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 | €188,001 | €261,608 | +€73,608 | +39.2% |
| Fixed assets | 21/28 | €12,941 | €10,008 | -€2,932 | -22.7% |
| Tangible fixed assets | 22/27 | €12,941 | €10,008 | -€2,932 | -22.7% |
| Land and buildings | 22 | - | €4,878 | +€4,878 | |
| Furniture and vehicles | 24 | €12,941 | €5,131 | -€7,810 | -60.4% |
| Current assets | 29/58 | €175,060 | €251,600 | +€76,540 | +43.7% |
| Amounts receivable within one year | 40/41 | €18,548 | €15,670 | -€2,879 | -15.5% |
| Trade receivables | 40 | €18,548 | €15,670 | -€2,879 | -15.5% |
| Cash at bank and in hand | 54/58 | €156,383 | €235,780 | +€79,396 | +50.8% |
| Deferred charges and accrued income | 490/1 | €129 | €151 | +€22 | +17.2% |
| Total equity and liabilities | 10/49 | €188,001 | €261,608 | +€73,608 | +39.2% |
| Equity | 10/15 | €153,046 | €230,464 | +€77,418 | +50.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €150,046 | €227,464 | +€77,418 | +51.6% |
| Distributable reserves | 133 | €150,046 | €227,464 | +€77,418 | +51.6% |
| Amounts payable | 17/49 | €34,955 | €31,144 | -€3,811 | -10.9% |
| Amounts payable within one year | 42/48 | €34,955 | €30,781 | -€4,173 | -11.9% |
| Trade debts | 44 | €1,543 | €866 | -€677 | -43.9% |
| Suppliers | 440/4 | €1,543 | €866 | -€677 | -43.9% |
| Taxes, remuneration and social security | 45 | €32,629 | €28,852 | -€3,777 | -11.6% |
| Taxes | 450/3 | €32,629 | €28,852 | -€3,777 | -11.6% |
| Other amounts payable | 47/48 | €783 | €1,064 | +€281 | +35.9% |
| Accrued charges and deferred income | 492/3 | - | €363 | +€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,696 | €11,968 | +€273 | +2.3% |
| Other operating charges | 640/8 | €626 | €737 | +€111 | +17.8% |
| Gross operating margin | 9900 | €119,511 | €111,734 | -€7,776 | -6.5% |
| Operating profit (loss) | 9901 | €107,189 | €99,029 | -€8,161 | -7.6% |
| Financial charges | 65/66B | €163 | €194 | +€30 | +18.7% |
| Recurring financial charges | 65 | €163 | €194 | +€30 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €107,026 | €98,835 | -€8,191 | -7.7% |
| Income taxes | 67/77 | €23,845 | €21,417 | -€2,428 | -10.2% |
| Profit (loss) for the period | 9904 | €83,181 | €77,418 | -€5,763 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,181 | €77,418 | -€5,763 | -6.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.