FEELING 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.
FEELING GREEN
Largest movements
- Stocks and contracts +€1.0m
new in 2025: €1.0m
- Receivables within one year +€445,503
up €445,503 (+55.0%), from €809,763 to €1.3m
of which Other amounts receivable: +€442,403
- Deferred charges and accrued income +€55,857
up €55,857 (+1,400%), from €3,989 to €59,846
- Short-term financial debts +€900,871
up €900,871 (+129%), from €700,000 to €1.6m
- Other debts +€865,044
up €865,044 (+176%), from €490,259 to €1.4m
- Profit (loss) carried forward -€499,519
down €499,519, from €422,982 to -€76,536
- Trade debts +€254,465
up €254,465 (+105%), from €243,494 to €497,959
- Gross operating margin -€309,355
down €309,355, from €139,509 to -€169,846
- Financial charges +€219,359
up €219,359 (+335%), from €65,432 to €284,791
- Taxes +€13,080
up €13,080 (+6,819%), from €192 to €13,272
- Other operating charges +€2,269
up €2,269 (+147%), from €1,549 to €3,817
- Financial income +€2,133
up €2,133 (+5.1%), from €41,687 to €43,820
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 | €1,895,344 | €3,454,881 | +€1.6m | +82.3% |
| Fixed assets | 21/28 | €1,071,860 | €1,065,067 | -€6,792 | -0.6% |
| Intangible fixed assets | 21 | €466 | €257 | -€209 | -44.9% |
| Tangible fixed assets | 22/27 | €29,382 | €25,299 | -€4,083 | -13.9% |
| Land and buildings | 22 | €20,937 | €19,937 | -€1,000 | -4.8% |
| Furniture and vehicles | 24 | €8,445 | €5,361 | -€3,083 | -36.5% |
| Financial fixed assets | 28 | €1,042,012 | €1,039,512 | -€2,500 | -0.2% |
| Current assets | 29/58 | €823,484 | €2,389,814 | +€1.6m | +190% |
| Stocks and contracts in progress | 3 | - | €1,044,862 | +€1.0m | |
| Stocks | 30/36 | - | €1,044,862 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €809,763 | €1,255,266 | +€445,503 | +55.0% |
| Trade receivables | 40 | - | €3,100 | +€3,100 | |
| Other amounts receivable | 41 | €809,763 | €1,252,166 | +€442,403 | +54.6% |
| Cash at bank and in hand | 54/58 | €9,732 | €29,840 | +€20,108 | +207% |
| Deferred charges and accrued income | 490/1 | €3,989 | €59,846 | +€55,857 | +1,400% |
| Total equity and liabilities | 10/49 | €1,895,344 | €3,454,881 | +€1.6m | +82.3% |
| Equity | 10/15 | €443,442 | -€56,076 | -€499,519 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,982 | -€76,536 | -€499,519 | |
| Amounts payable | 17/49 | €1,451,901 | €3,510,957 | +€2.1m | +142% |
| Amounts payable within one year | 42/48 | €1,451,901 | €3,510,877 | +€2.1m | +142% |
| Current portion of amounts payable after more than one year | 42 | - | €19,535 | +€19,535 | |
| Financial debts | 43 | €700,000 | €1,600,871 | +€900,871 | +129% |
| Credit institutions | 430/8 | €700,000 | €1,600,871 | +€900,871 | +129% |
| Trade debts | 44 | €243,494 | €497,959 | +€254,465 | +105% |
| Suppliers | 440/4 | €243,494 | €497,959 | +€254,465 | +105% |
| Advances received on contracts in progress | 46 | - | €8,631 | +€8,631 | |
| Taxes, remuneration and social security | 45 | €18,149 | €28,579 | +€10,430 | +57.5% |
| Taxes | 450/3 | €6,554 | €14,630 | +€8,076 | +123% |
| Remuneration and social security | 454/9 | €11,594 | €13,948 | +€2,354 | +20.3% |
| Other amounts payable | 47/48 | €490,259 | €1,355,303 | +€865,044 | +176% |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Remuneration, social security and pensions | 62 | €66,315 | €67,320 | +€1,005 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,216 | €4,292 | +€77 | +1.8% |
| Other operating charges | 640/8 | €1,549 | €3,817 | +€2,269 | +147% |
| Gross operating margin | 9900 | €139,509 | -€169,846 | -€309,355 | |
| Operating profit (loss) | 9901 | €67,430 | -€245,276 | -€312,706 | |
| Financial income | 75/76B | €41,687 | €43,820 | +€2,133 | +5.1% |
| Recurring financial income | 75 | €41,687 | €43,820 | +€2,133 | +5.1% |
| Financial charges | 65/66B | €65,432 | €284,791 | +€219,359 | +335% |
| Recurring financial charges | 65 | €65,432 | €284,791 | +€219,359 | +335% |
| Profit (loss) for the period before taxes | 9903 | €43,685 | -€486,247 | -€529,932 | |
| Income taxes | 67/77 | €192 | €13,272 | +€13,080 | +6,819% |
| Profit (loss) for the period | 9904 | €43,493 | -€499,519 | -€543,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,493 | -€499,519 | -€543,012 |
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 18 October 2026 via checked.be.