De Groenzone: 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.
De Groenzone
Largest movements
- Stocks and contracts -€33,361
down €33,361 (-67.7%), from €49,250 to €15,889
of which Contracts in progress: -€29,811
- Receivables within one year +€16,834
up €16,834 (+151.7%), from €11,097 to €27,932
of which Trade receivables: +€16,834
- Cash -€13,081
down €13,081 (-35.6%), from €36,766 to €23,686
mainly Net result for the year (-€24,109) and Receivables within one year (-€16,834)
- Tangible fixed assets -€12,297
down €12,297 (-54.1%), from €22,734 to €10,437
- Deferred charges and accrued income -€8,623
no longer reported in 2025 (was €8,623)
- Reserves -€24,000
down €24,000 (-70.6%), from €34,000 to €10,000
- Debts after one year -€11,579
down €11,579 (-53.7%), from €21,565 to €9,986
- Tax, wage and social debts -€7,093
down €7,093 (-56.7%), from €12,513 to €5,420
of which Taxes: -€8,643
- Trade debts -€6,622
down €6,622 (-16.9%), from €39,296 to €32,674
- Gross operating margin +€4,354
up €4,354 (+40.2%), from -€10,825 to -€6,471
- Depreciation -€963
down €963 (-7.3%), from €13,288 to €12,325
- Financial charges -€732
down €732 (-21.0%), from €3,486 to €2,754
- Other operating charges +€210
up €210 (+9.9%), from €2,118 to €2,328
- Financial income -€135
down €135 (-82.9%), from €163 to €28
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.
Cash bridge derived
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 | €128,470 | €77,943 | -€50,527 | -39.3% |
| Fixed assets | 21/28 | €22,734 | €10,437 | -€12,297 | -54.1% |
| Tangible fixed assets | 22/27 | €22,734 | €10,437 | -€12,297 | -54.1% |
| Plant, machinery and equipment | 23 | €9,136 | €4,678 | -€4,459 | -48.8% |
| Furniture and vehicles | 24 | €2,820 | €784 | -€2,036 | -72.2% |
| Leasing and similar rights | 25 | €10,778 | €4,976 | -€5,802 | -53.8% |
| Current assets | 29/58 | €105,736 | €67,506 | -€38,230 | -36.2% |
| Stocks and contracts in progress | 3 | €49,250 | €15,889 | -€33,361 | -67.7% |
| Stocks | 30/36 | €11,550 | €8,000 | -€3,550 | -30.7% |
| Contracts in progress | 37 | €37,700 | €7,889 | -€29,811 | -79.1% |
| Amounts receivable within one year | 40/41 | €11,097 | €27,932 | +€16,834 | +151.7% |
| Trade receivables | 40 | €6,186 | €23,020 | +€16,834 | +272.1% |
| Other amounts receivable | 41 | €4,911 | €4,911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,766 | €23,686 | -€13,081 | -35.6% |
| Deferred charges and accrued income | 490/1 | €8,623 | - | -€8,623 | |
| Total equity and liabilities | 10/49 | €128,470 | €77,943 | -€50,527 | -39.3% |
| Equity | 10/15 | €39,371 | €15,262 | -€24,109 | -61.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €10,000 | -€24,000 | -70.6% |
| Distributable reserves | 133 | €34,000 | €10,000 | -€24,000 | -70.6% |
| Profit (loss) carried forward | 14 | €371 | €262 | -€109 | -29.4% |
| Amounts payable | 17/49 | €89,099 | €62,681 | -€26,418 | -29.7% |
| Amounts payable after more than one year | 17 | €21,565 | €9,986 | -€11,579 | -53.7% |
| Financial debts | 170/4 | €21,565 | €9,986 | -€11,579 | -53.7% |
| Amounts payable within one year | 42/48 | €67,534 | €52,695 | -€14,839 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €11,867 | €11,579 | -€288 | -2.4% |
| Trade debts | 44 | €39,296 | €32,674 | -€6,622 | -16.9% |
| Suppliers | 440/4 | €39,296 | €32,674 | -€6,622 | -16.9% |
| Taxes, remuneration and social security | 45 | €12,513 | €5,420 | -€7,093 | -56.7% |
| Taxes | 450/3 | €12,513 | €3,870 | -€8,643 | -69.1% |
| Remuneration and social security | 454/9 | - | €1,550 | +€1,550 | |
| Other amounts payable | 47/48 | €3,859 | €3,023 | -€836 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,288 | €12,325 | -€963 | -7.3% |
| Other operating charges | 640/8 | €2,118 | €2,328 | +€210 | +9.9% |
| Gross operating margin | 9900 | -€10,825 | -€6,471 | +€4,354 | +40.2% |
| Operating profit (loss) | 9901 | -€26,232 | -€21,124 | +€5,108 | +19.5% |
| Financial income | 75/76B | €163 | €28 | -€135 | -82.9% |
| Recurring financial income | 75 | €163 | €28 | -€135 | -82.9% |
| Financial charges | 65/66B | €3,486 | €2,754 | -€732 | -21.0% |
| Recurring financial charges | 65 | €3,486 | €2,754 | -€732 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,555 | -€23,850 | +€5,705 | +19.3% |
| Income taxes | 67/77 | €128 | €259 | +€132 | +103.4% |
| Profit (loss) for the period | 9904 | -€29,683 | -€24,109 | +€5,573 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,683 | -€24,109 | +€5,573 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.