BRUSSELS GREENBIZZ: 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.
BRUSSELS GREENBIZZ
Largest movements
- Receivables within one year +€84,343
up €84,343 (+27.9%), from €302,029 to €386,372
of which Trade receivables: +€92,721
- Tangible fixed assets -€54,779
down €54,779 (-19.1%), from €286,902 to €232,123
of which Plant, machinery and equipment: -€43,814
- Financial fixed assets -€25,698
no longer reported in 2025 (was €25,698)
- Profit (loss) carried forward -€30,080
down €30,080 (-32.3%), from -€92,986 to -€123,066
- Tax, wage and social debts +€26,345
up €26,345 (+153%), from €17,191 to €43,536
of which Remuneration and social security: +€15,731
- Staff costs +€61,695
up €61,695 (+28.5%), from €216,163 to €277,859
- Gross operating margin +€50,657
up €50,657 (+12.4%), from €409,110 to €459,768
- Write-downs +€45,413
up €45,413 (+87.2%), from -€52,067 to -€6,654
- Other operating charges -€27,705
down €27,705 (-14.7%), from €189,035 to €161,330
- Financial income -€4,726
down €4,726 (-78.6%), from €6,012 to €1,286
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 | €1,623,260 | €1,632,104 | +€8,845 | +0.5% |
| Fixed assets | 21/28 | €313,137 | €232,123 | -€81,014 | -25.9% |
| Intangible fixed assets | 21 | €538 | - | -€538 | |
| Tangible fixed assets | 22/27 | €286,902 | €232,123 | -€54,779 | -19.1% |
| Plant, machinery and equipment | 23 | €256,081 | €212,267 | -€43,814 | -17.1% |
| Furniture and vehicles | 24 | €30,821 | €19,857 | -€10,965 | -35.6% |
| Financial fixed assets | 28 | €25,698 | - | -€25,698 | |
| Current assets | 29/58 | €1,310,122 | €1,399,981 | +€89,859 | +6.9% |
| Amounts receivable within one year | 40/41 | €302,029 | €386,372 | +€84,343 | +27.9% |
| Trade receivables | 40 | €83,759 | €176,479 | +€92,721 | +111% |
| Other amounts receivable | 41 | €218,270 | €209,893 | -€8,378 | -3.8% |
| Cash at bank and in hand | 54/58 | €1,000,742 | €1,012,547 | +€11,805 | +1.2% |
| Deferred charges and accrued income | 490/1 | €7,351 | €1,062 | -€6,290 | -85.6% |
| Total equity and liabilities | 10/49 | €1,623,260 | €1,632,104 | +€8,845 | +0.5% |
| Equity | 10/15 | €1,507,663 | €1,477,583 | -€30,080 | -2.0% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €649 | €649 | = | 0.0% |
| Non-distributable reserves | 130/1 | €649 | €649 | = | 0.0% |
| Legal reserve | 130 | €649 | €649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,986 | -€123,066 | -€30,080 | -32.3% |
| Amounts payable | 17/49 | €115,597 | €154,521 | +€38,925 | +33.7% |
| Amounts payable within one year | 42/48 | €115,597 | €154,521 | +€38,925 | +33.7% |
| Trade debts | 44 | €42,705 | €48,605 | +€5,900 | +13.8% |
| Suppliers | 440/4 | €42,705 | €48,605 | +€5,900 | +13.8% |
| Taxes, remuneration and social security | 45 | €17,191 | €43,536 | +€26,345 | +153% |
| Taxes | 450/3 | €773 | €11,387 | +€10,613 | +1,372% |
| Remuneration and social security | 454/9 | €16,418 | €32,149 | +€15,731 | +95.8% |
| Other amounts payable | 47/48 | €55,700 | €62,380 | +€6,680 | +12.0% |
| Non-recurring operating income | 76A | - | €14,060 | +€14,060 | |
| Remuneration, social security and pensions | 62 | €216,163 | €277,859 | +€61,695 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,468 | €57,252 | -€216 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,067 | -€6,654 | +€45,413 | +87.2% |
| Other operating charges | 640/8 | €189,035 | €161,330 | -€27,705 | -14.7% |
| Non-recurring operating charges | 66A | €1,401 | - | -€1,401 | |
| Gross operating margin | 9900 | €409,110 | €459,768 | +€50,657 | +12.4% |
| Operating profit (loss) | 9901 | -€2,891 | -€30,018 | -€27,127 | -938% |
| Financial income | 75/76B | €6,012 | €1,286 | -€4,726 | -78.6% |
| Recurring financial income | 75 | €6,012 | €1,286 | -€4,726 | -78.6% |
| Financial charges | 65/66B | €730 | €798 | +€68 | +9.3% |
| Recurring financial charges | 65 | €730 | €798 | +€68 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €2,391 | -€29,530 | -€31,921 | |
| Income taxes | 67/77 | €256 | €550 | +€295 | +115% |
| Profit (loss) for the period | 9904 | €2,136 | -€30,080 | -€32,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,136 | -€30,080 | -€32,216 |
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 16 October 2026 via checked.be.