B-GREEN: 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.
B-GREEN
Largest movements
- Receivables after one year +€55,320
up €55,320 (+49.1%), from €112,664 to €167,984
- Receivables within one year -€26,737
down €26,737 (-41.6%), from €64,340 to €37,604
of which Trade receivables: -€26,290
- Tangible fixed assets -€25,397
down €25,397 (-2.9%), from €863,930 to €838,533
- Cash -€18,425
down €18,425 (-42.2%), from €43,639 to €25,214
mainly Contributions, distributions and other (-€68,326) and Receivables after one year (-€55,320)
- Stocks and contracts -€17,300
down €17,300 (-12.4%), from €139,273 to €121,973
- Other debts +€68,326
up €68,326 (+268%), from €25,500 to €93,826
- Debts after one year -€52,653
down €52,653 (-22.0%), from €239,494 to €186,841
of which Financial debts: -€40,653
- Trade debts -€22,588
down €22,588 (-52.9%), from €42,668 to €20,080
- Tax, wage and social debts -€13,277
down €13,277 (-43.8%), from €30,332 to €17,054
- Gross operating margin -€44,019
down €44,019 (-22.1%), from €199,022 to €155,003
- Taxes -€16,965
down €16,965 (-32.5%), from €52,217 to €35,252
- Depreciation +€4,145
up €4,145 (+19.5%), from €21,252 to €25,397
- Write-downs +€2,588
up €2,588, from -€54 to €2,534
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 | €1,223,988 | €1,191,307 | -€32,682 | -2.7% |
| Fixed assets | 21/28 | €863,930 | €838,533 | -€25,397 | -2.9% |
| Tangible fixed assets | 22/27 | €863,930 | €838,533 | -€25,397 | -2.9% |
| Land and buildings | 22 | €816,316 | €805,926 | -€10,390 | -1.3% |
| Plant, machinery and equipment | 23 | €1,477 | €735 | -€742 | -50.2% |
| Furniture and vehicles | 24 | €37,548 | €27,162 | -€10,386 | -27.7% |
| Leasing and similar rights | 25 | €8,589 | €4,709 | -€3,880 | -45.2% |
| Current assets | 29/58 | €360,058 | €352,774 | -€7,285 | -2.0% |
| Amounts receivable after more than one year | 29 | €112,664 | €167,984 | +€55,320 | +49.1% |
| Other amounts receivable | 291 | €112,664 | €167,984 | +€55,320 | +49.1% |
| Stocks and contracts in progress | 3 | €139,273 | €121,973 | -€17,300 | -12.4% |
| Stocks | 30/36 | €139,273 | €121,973 | -€17,300 | -12.4% |
| Amounts receivable within one year | 40/41 | €64,340 | €37,604 | -€26,737 | -41.6% |
| Trade receivables | 40 | €60,599 | €34,310 | -€26,290 | -43.4% |
| Other amounts receivable | 41 | €3,741 | €3,294 | -€447 | -12.0% |
| Cash at bank and in hand | 54/58 | €43,639 | €25,214 | -€18,425 | -42.2% |
| Deferred charges and accrued income | 490/1 | €143 | €0 | -€143 | -100% |
| Total equity and liabilities | 10/49 | €1,223,988 | €1,191,307 | -€32,682 | -2.7% |
| Equity | 10/15 | €784,948 | €786,254 | +€1,306 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €766,356 | €767,662 | +€1,306 | +0.2% |
| Distributable reserves | 133 | €766,356 | €767,662 | +€1,306 | +0.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €439,041 | €405,053 | -€33,988 | -7.7% |
| Amounts payable after more than one year | 17 | €239,494 | €186,841 | -€52,653 | -22.0% |
| Financial debts | 170/4 | €151,494 | €110,841 | -€40,653 | -26.8% |
| Other amounts payable | 178/9 | €88,000 | €76,000 | -€12,000 | -13.6% |
| Amounts payable within one year | 42/48 | €199,547 | €218,212 | +€18,665 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €63,621 | €51,653 | -€11,968 | -18.8% |
| Financial debts | 43 | €37,426 | €35,599 | -€1,827 | -4.9% |
| Credit institutions | 430/8 | €37,426 | €35,599 | -€1,827 | -4.9% |
| Trade debts | 44 | €42,668 | €20,080 | -€22,588 | -52.9% |
| Suppliers | 440/4 | €42,668 | €20,080 | -€22,588 | -52.9% |
| Taxes, remuneration and social security | 45 | €30,332 | €17,054 | -€13,277 | -43.8% |
| Taxes | 450/3 | €30,332 | €17,054 | -€13,277 | -43.8% |
| Other amounts payable | 47/48 | €25,500 | €93,826 | +€68,326 | +268% |
| Non-recurring operating income | 76A | €2,066 | €0 | -€2,066 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,252 | €25,397 | +€4,145 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54 | €2,534 | +€2,588 | |
| Other operating charges | 640/8 | €8,544 | €8,916 | +€372 | +4.4% |
| Gross operating margin | 9900 | €199,022 | €155,003 | -€44,019 | -22.1% |
| Operating profit (loss) | 9901 | €169,280 | €118,156 | -€51,124 | -30.2% |
| Financial income | 75/76B | €1,516 | €2,428 | +€912 | +60.2% |
| Recurring financial income | 75 | €1,516 | €2,428 | +€912 | +60.2% |
| Financial charges | 65/66B | €13,915 | €15,701 | +€1,786 | +12.8% |
| Recurring financial charges | 65 | €13,915 | €15,701 | +€1,786 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €156,881 | €104,883 | -€51,998 | -33.1% |
| Income taxes | 67/77 | €52,217 | €35,252 | -€16,965 | -32.5% |
| Profit (loss) for the period | 9904 | €104,665 | €69,631 | -€35,033 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,665 | €69,631 | -€35,033 | -33.5% |
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 20 October 2026 via checked.be.