B-GREEN: 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.
B-GREEN
Largest movements
- Stocks and contracts -€468,079
down €468,079 (-74.3%), from €630,022 to €161,943
- Receivables within one year +€25,572
up €25,572 (+45.6%), from €56,051 to €81,623
of which Trade receivables: +€24,295
- Tangible fixed assets -€17,784
down €17,784 (-70.3%), from €25,303 to €7,519
of which Furniture and vehicles: -€17,861
- Current portion of long-term debt -€388,470
down €388,470 (-97.8%), from €397,304 to €8,834
- Other debts -€184,521
down €184,521 (-89.8%), from €205,533 to €21,012
- Profit (loss) carried forward +€75,038
up €75,038, from -€75,038 to €0
- Reserves +€64,833
up €64,833 (+89.5%), from €72,415 to €137,248
- Trade debts -€24,973
down €24,973 (-98.5%), from €25,355 to €382
- Gross operating margin +€204,226
up €204,226 (+3229.6%), from €6,324 to €210,550
- Staff costs -€46,431
down €46,431 (-89.0%), from €52,165 to €5,734
- Taxes +€33,671
up €33,671, from €0 to €33,671
- Other operating charges +€13,203
up €13,203 (+391.9%), from €3,369 to €16,571
- Financial charges -€11,964
down €11,964 (-59.9%), from €19,973 to €8,009
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,222 | €255,406 | -€464,816 | -64.5% |
| Fixed assets | 21/28 | €25,303 | €7,519 | -€17,784 | -70.3% |
| Tangible fixed assets | 22/27 | €25,303 | €7,519 | -€17,784 | -70.3% |
| Plant, machinery and equipment | 23 | €5,379 | €5,456 | +€77 | +1.4% |
| Furniture and vehicles | 24 | €19,924 | €2,063 | -€17,861 | -89.6% |
| Current assets | 29/58 | €694,919 | €247,887 | -€447,032 | -64.3% |
| Stocks and contracts in progress | 3 | €630,022 | €161,943 | -€468,079 | -74.3% |
| Stocks | 30/36 | €630,022 | €161,943 | -€468,079 | -74.3% |
| Amounts receivable within one year | 40/41 | €56,051 | €81,623 | +€25,572 | +45.6% |
| Trade receivables | 40 | €48,185 | €72,481 | +€24,295 | +50.4% |
| Other amounts receivable | 41 | €7,865 | €9,142 | +€1,277 | +16.2% |
| Cash at bank and in hand | 54/58 | €976 | €3,405 | +€2,429 | +248.8% |
| Deferred charges and accrued income | 490/1 | €7,870 | €917 | -€6,953 | -88.4% |
| Total equity and liabilities | 10/49 | €720,222 | €255,406 | -€464,816 | -64.5% |
| Equity | 10/15 | -€2,122 | €137,748 | +€139,871 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €72,415 | €137,248 | +€64,833 | +89.5% |
| Distributable reserves | 133 | €72,415 | €137,248 | +€64,833 | +89.5% |
| Profit (loss) carried forward | 14 | -€75,038 | €0 | +€75,038 | |
| Amounts payable | 17/49 | €722,344 | €117,658 | -€604,687 | -83.7% |
| Amounts payable after more than one year | 17 | €62,603 | €53,769 | -€8,834 | -14.1% |
| Financial debts | 170/4 | €62,603 | €53,769 | -€8,834 | -14.1% |
| Amounts payable within one year | 42/48 | €659,641 | €63,889 | -€595,753 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €397,304 | €8,834 | -€388,470 | -97.8% |
| Financial debts | 43 | €2,653 | €0 | -€2,653 | -100.0% |
| Credit institutions | 430/8 | €2,653 | €0 | -€2,653 | -100.0% |
| Trade debts | 44 | €25,355 | €382 | -€24,973 | -98.5% |
| Suppliers | 440/4 | €25,355 | €382 | -€24,973 | -98.5% |
| Taxes, remuneration and social security | 45 | €28,796 | €33,661 | +€4,865 | +16.9% |
| Taxes | 450/3 | €24,853 | €33,661 | +€8,808 | +35.4% |
| Remuneration and social security | 454/9 | €3,943 | €0 | -€3,943 | -100.0% |
| Other amounts payable | 47/48 | €205,533 | €21,012 | -€184,521 | -89.8% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100.0% |
| Non-recurring operating income | 76A | €35,868 | €156,097 | +€120,229 | +335.2% |
| Remuneration, social security and pensions | 62 | €52,165 | €5,734 | -€46,431 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,882 | €3,760 | -€2,121 | -36.1% |
| Other operating charges | 640/8 | €3,369 | €16,571 | +€13,203 | +391.9% |
| Non-recurring operating charges | 66A | €0 | €2,974 | +€2,974 | |
| Gross operating margin | 9900 | €6,324 | €210,550 | +€204,226 | +3229.6% |
| Operating profit (loss) | 9901 | -€55,092 | €181,511 | +€236,602 | |
| Financial income | 75/76B | €27 | €40 | +€13 | +47.0% |
| Recurring financial income | 75 | €27 | €40 | +€13 | +47.0% |
| Financial charges | 65/66B | €19,973 | €8,009 | -€11,964 | -59.9% |
| Recurring financial charges | 65 | €19,973 | €8,009 | -€11,964 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€75,038 | €173,541 | +€248,579 | |
| Income taxes | 67/77 | €0 | €33,671 | +€33,671 | |
| Profit (loss) for the period | 9904 | -€75,038 | €139,871 | +€214,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,038 | €139,871 | +€214,908 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.