A Green Side: what changed
A Green Side
Largest movements
- Cash -€14,652
down €14,652 (-61.0%), from €24,034 to €9,382
mainly Accrued charges and deferred income (-€25,000) and Trade debts (-€17,223)
- Receivables within one year -€11,365
down €11,365 (-35.0%), from €32,514 to €21,149
of which Trade receivables: -€11,721
- Tangible fixed assets -€4,828
down €4,828 (-1.6%), from €300,728 to €295,900
of which Land and buildings: -€6,290
- Accrued charges and deferred income -€25,000
no longer reported in 2025 (was €25,000)
- Reserves +€23,033
new in 2025: €23,033
- Trade debts -€17,223
down €17,223 (-45.5%), from €37,884 to €20,662
- Debts after one year -€16,916
down €16,916 (-6.5%), from €259,853 to €242,938
- Current portion of long-term debt +€6,330
up €6,330 (+44.7%), from €14,152 to €20,482
- Gross operating margin +€36,519
up €36,519 (+188%), from €19,421 to €55,940
- Taxes +€10,284
up €10,284 (+947%), from €1,086 to €11,371
- Depreciation +€5,379
up €5,379 (+68.9%), from €7,810 to €13,188
- Financial charges +€788
up €788 (+15.3%), from €5,155 to €5,943
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,644 | €328,032 | -€31,612 | -8.8% |
| Fixed assets | 21/28 | €300,728 | €295,900 | -€4,828 | -1.6% |
| Tangible fixed assets | 22/27 | €300,728 | €295,900 | -€4,828 | -1.6% |
| Land and buildings | 22 | €274,271 | €267,981 | -€6,290 | -2.3% |
| Plant, machinery and equipment | 23 | €1,632 | €916 | -€716 | -43.9% |
| Furniture and vehicles | 24 | €24,825 | €27,003 | +€2,179 | +8.8% |
| Current assets | 29/58 | €58,917 | €32,132 | -€26,785 | -45.5% |
| Stocks and contracts in progress | 3 | €1,132 | €998 | -€134 | -11.8% |
| Stocks | 30/36 | €1,132 | €998 | -€134 | -11.8% |
| Amounts receivable within one year | 40/41 | €32,514 | €21,149 | -€11,365 | -35.0% |
| Trade receivables | 40 | €30,647 | €18,926 | -€11,721 | -38.2% |
| Other amounts receivable | 41 | €1,867 | €2,222 | +€356 | +19.1% |
| Cash at bank and in hand | 54/58 | €24,034 | €9,382 | -€14,652 | -61.0% |
| Deferred charges and accrued income | 490/1 | €1,236 | €603 | -€633 | -51.2% |
| Total equity and liabilities | 10/49 | €359,644 | €328,032 | -€31,612 | -8.8% |
| Equity | 10/15 | €11,758 | €34,792 | +€23,033 | +196% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €23,033 | +€23,033 | |
| Distributable reserves | 133 | - | €23,033 | +€23,033 | |
| Profit (loss) carried forward | 14 | €5,558 | €5,558 | = | 0.0% |
| Amounts payable | 17/49 | €347,886 | €293,240 | -€54,646 | -15.7% |
| Amounts payable after more than one year | 17 | €259,853 | €242,938 | -€16,916 | -6.5% |
| Financial debts | 170/4 | €259,853 | €242,938 | -€16,916 | -6.5% |
| Amounts payable within one year | 42/48 | €63,032 | €50,302 | -€12,730 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €14,152 | €20,482 | +€6,330 | +44.7% |
| Trade debts | 44 | €37,884 | €20,662 | -€17,223 | -45.5% |
| Suppliers | 440/4 | €37,884 | €20,662 | -€17,223 | -45.5% |
| Taxes, remuneration and social security | 45 | €4,162 | €8,457 | +€4,295 | +103% |
| Taxes | 450/3 | €4,162 | €8,457 | +€4,295 | +103% |
| Other amounts payable | 47/48 | €6,834 | €702 | -€6,132 | -89.7% |
| Accrued charges and deferred income | 492/3 | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,810 | €13,188 | +€5,379 | +68.9% |
| Other operating charges | 640/8 | €2,237 | €2,592 | +€355 | +15.9% |
| Gross operating margin | 9900 | €19,421 | €55,940 | +€36,519 | +188% |
| Operating profit (loss) | 9901 | €9,374 | €40,159 | +€30,786 | +328% |
| Financial income | 75/76B | €46 | €188 | +€142 | +313% |
| Recurring financial income | 75 | €46 | €188 | +€142 | +313% |
| Financial charges | 65/66B | €5,155 | €5,943 | +€788 | +15.3% |
| Recurring financial charges | 65 | €5,155 | €5,943 | +€788 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €4,264 | €34,404 | +€30,140 | +707% |
| Income taxes | 67/77 | €1,086 | €11,371 | +€10,284 | +947% |
| Profit (loss) for the period | 9904 | €3,177 | €23,033 | +€19,856 | +625% |
| Profit (loss) for the period to be appropriated | 9905 | €3,177 | €23,033 | +€19,856 | +625% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.