ENTER GREEN AVENUE: 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.
ENTER GREEN AVENUE
Largest movements
- Stocks and contracts -€90,995
down €90,995 (-8.9%), from €1.0m to €930,079
of which Stocks: -€104,000
- Receivables within one year -€87,388
down €87,388 (-24.9%), from €351,447 to €264,059
of which Trade receivables: -€100,859
- Current investments +€80,000
new in 2025: €80,000
- Cash -€58,664
down €58,664 (-62.0%), from €94,685 to €36,021
mainly Current investments (-€80,000) and Net result for the year (-€58,503)
- Profit (loss) carried forward -€58,503
down €58,503 (-103%), from -€56,766 to -€115,269
- Current portion of long-term debt -€44,500
down €44,500 (-100%), from €44,500 to €0
- Other debts -€21,525
down €21,525 (-6.3%), from €344,281 to €322,756
- Trade debts -€19,340
down €19,340 (-100%), from €19,340 to €0
- Financial income +€5,906
up €5,906 (+1,005%), from €587 to €6,493
- Financial charges +€5,392
up €5,392 (+14.0%), from €38,536 to €43,928
- Other operating charges +€2,556
up €2,556 (+110%), from €2,318 to €4,874
- Gross operating margin -€2,308
down €2,308 (-16.6%), from -€13,886 to -€16,194
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 | €1,467,329 | €1,310,770 | -€156,559 | -10.7% |
| Current assets | 29/58 | €1,467,329 | €1,310,770 | -€156,559 | -10.7% |
| Stocks and contracts in progress | 3 | €1,021,074 | €930,079 | -€90,995 | -8.9% |
| Stocks | 30/36 | €988,000 | €884,000 | -€104,000 | -10.5% |
| Contracts in progress | 37 | €33,074 | €46,079 | +€13,005 | +39.3% |
| Amounts receivable within one year | 40/41 | €351,447 | €264,059 | -€87,388 | -24.9% |
| Trade receivables | 40 | €100,859 | €0 | -€100,859 | -100% |
| Other amounts receivable | 41 | €250,587 | €264,059 | +€13,472 | +5.4% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €94,685 | €36,021 | -€58,664 | -62.0% |
| Deferred charges and accrued income | 490/1 | €124 | €611 | +€487 | +395% |
| Total equity and liabilities | 10/49 | €1,467,329 | €1,310,770 | -€156,559 | -10.7% |
| Equity | 10/15 | €93,234 | €34,731 | -€58,503 | -62.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,766 | -€115,269 | -€58,503 | -103% |
| Amounts payable | 17/49 | €1,374,095 | €1,276,039 | -€98,057 | -7.1% |
| Amounts payable after more than one year | 17 | €953,000 | €953,000 | = | 0.0% |
| Financial debts | 170/4 | €953,000 | €953,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €421,095 | €323,028 | -€98,068 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €44,500 | €0 | -€44,500 | -100% |
| Trade debts | 44 | €19,340 | €0 | -€19,340 | -100% |
| Suppliers | 440/4 | €19,340 | €0 | -€19,340 | -100% |
| Taxes, remuneration and social security | 45 | €12,974 | €272 | -€12,702 | -97.9% |
| Taxes | 450/3 | €12,974 | €272 | -€12,702 | -97.9% |
| Other amounts payable | 47/48 | €344,281 | €322,756 | -€21,525 | -6.3% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Other operating charges | 640/8 | €2,318 | €4,874 | +€2,556 | +110% |
| Gross operating margin | 9900 | -€13,886 | -€16,194 | -€2,308 | -16.6% |
| Operating profit (loss) | 9901 | -€16,204 | -€21,068 | -€4,864 | -30.0% |
| Financial income | 75/76B | €587 | €6,493 | +€5,906 | +1,005% |
| Recurring financial income | 75 | €587 | €6,493 | +€5,906 | +1,005% |
| Financial charges | 65/66B | €38,536 | €43,928 | +€5,392 | +14.0% |
| Recurring financial charges | 65 | €38,536 | €43,928 | +€5,392 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,152 | -€58,503 | -€4,350 | -8.0% |
| Profit (loss) for the period | 9904 | -€54,152 | -€58,503 | -€4,350 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,152 | -€58,503 | -€4,350 | -8.0% |
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 31 October 2026 via checked.be.