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
- Cash +€260,818
up €260,818 (+63.8%), from €408,886 to €669,704
mainly Receivables within one year (+€147,986) and Depreciation (+€118,256)
- Receivables within one year -€147,986
down €147,986 (-42.8%), from €345,694 to €197,708
- Tangible fixed assets -€118,256
down €118,256 (-32.2%), from €366,890 to €248,634
of which Plant, machinery and equipment: -€62,706
- Trade debts -€102,982
down €102,982 (-78.9%), from €130,601 to €27,619
- Reserves +€66,128
up €66,128 (+23.1%), from €286,653 to €352,781
- Tax, wage and social debts +€24,088
up €24,088 (+20.5%), from €117,759 to €141,847
of which Taxes: +€15,155
- Staff costs -€31,130
down €31,130 (-4.0%), from €771,803 to €740,673
- Taxes +€10,515
up €10,515 (+47.6%), from €22,081 to €32,595
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 | €1,286,496 | €1,281,326 | -€5,170 | -0.4% |
| Fixed assets | 21/28 | €366,890 | €248,634 | -€118,256 | -32.2% |
| Tangible fixed assets | 22/27 | €366,890 | €248,634 | -€118,256 | -32.2% |
| Land and buildings | 22 | €59,886 | €45,696 | -€14,190 | -23.7% |
| Plant, machinery and equipment | 23 | €157,163 | €94,457 | -€62,706 | -39.9% |
| Furniture and vehicles | 24 | €149,841 | €108,481 | -€41,360 | -27.6% |
| Current assets | 29/58 | €919,606 | €1,032,692 | +€113,086 | +12.3% |
| Stocks and contracts in progress | 3 | €161,627 | €161,764 | +€138 | +0.1% |
| Stocks | 30/36 | €161,627 | €161,764 | +€138 | +0.1% |
| Amounts receivable within one year | 40/41 | €345,694 | €197,708 | -€147,986 | -42.8% |
| Trade receivables | 40 | €345,694 | €197,708 | -€147,986 | -42.8% |
| Cash at bank and in hand | 54/58 | €408,886 | €669,704 | +€260,818 | +63.8% |
| Deferred charges and accrued income | 490/1 | €3,399 | €3,515 | +€116 | +3.4% |
| Total equity and liabilities | 10/49 | €1,286,496 | €1,281,326 | -€5,170 | -0.4% |
| Equity | 10/15 | €305,253 | €371,381 | +€66,128 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,653 | €352,781 | +€66,128 | +23.1% |
| Distributable reserves | 133 | €286,653 | €352,781 | +€66,128 | +23.1% |
| Amounts payable | 17/49 | €981,243 | €909,945 | -€71,298 | -7.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €859,859 | €788,282 | -€71,578 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €130,601 | €27,619 | -€102,982 | -78.9% |
| Suppliers | 440/4 | €130,601 | €27,619 | -€102,982 | -78.9% |
| Taxes, remuneration and social security | 45 | €117,759 | €141,847 | +€24,088 | +20.5% |
| Taxes | 450/3 | €86,700 | €101,855 | +€15,155 | +17.5% |
| Remuneration and social security | 454/9 | €31,059 | €39,992 | +€8,933 | +28.8% |
| Other amounts payable | 47/48 | €611,500 | €618,816 | +€7,316 | +1.2% |
| Accrued charges and deferred income | 492/3 | €21,384 | €21,663 | +€279 | +1.3% |
| Non-recurring operating income | 76A | €6,882 | €0 | -€6,882 | -100% |
| Remuneration, social security and pensions | 62 | €771,803 | €740,673 | -€31,130 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,614 | €118,256 | +€1,642 | +1.4% |
| Other operating charges | 640/8 | €1,111 | €1,144 | +€34 | +3.0% |
| Gross operating margin | 9900 | €973,181 | €979,603 | +€6,422 | +0.7% |
| Operating profit (loss) | 9901 | €83,653 | €119,530 | +€35,876 | +42.9% |
| Financial income | 75/76B | €409 | €955 | +€546 | +134% |
| Recurring financial income | 75 | €409 | €955 | +€546 | +134% |
| Financial charges | 65/66B | €22,652 | €21,762 | -€890 | -3.9% |
| Recurring financial charges | 65 | €22,652 | €21,762 | -€890 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €61,410 | €98,723 | +€37,313 | +60.8% |
| Income taxes | 67/77 | €22,081 | €32,595 | +€10,515 | +47.6% |
| Profit (loss) for the period | 9904 | €39,330 | €66,128 | +€26,798 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,330 | €66,128 | +€26,798 | +68.1% |
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 13 October 2026 via checked.be.