G.RE.EN.: 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.
G.RE.EN.
Largest movements
- Tangible fixed assets -€20,934
down €20,934 (-31.2%), from €67,121 to €46,187
of which Leasing and similar rights: -€16,663
- Cash -€6,160
down €6,160 (-37.5%), from €16,424 to €10,264
mainly Current portion of long-term debt (-€18,495) and Net result for the year (-€5,338)
- Current portion of long-term debt -€18,495
down €18,495 (-100%), from €18,495 to €0
- Profit (loss) carried forward -€5,338
down €5,338 (-32.9%), from -€16,206 to -€21,543
- Debts after one year -€2,500
down €2,500 (-100%), from €2,500 to €0
- Provisions +€10,000
up €10,000, from -€10,000 to €0
- Gross operating margin +€3,843
up €3,843 (+26.7%), from €14,417 to €18,260
- Financial charges -€1,177
down €1,177 (-69.4%), from €1,697 to €520
- Write-downs +€319
new in 2025: €319
- Depreciation +€248
up €248 (+1.1%), from €21,846 to €22,094
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 | €84,754 | €58,630 | -€26,124 | -30.8% |
| Fixed assets | 21/28 | €67,121 | €46,187 | -€20,934 | -31.2% |
| Tangible fixed assets | 22/27 | €67,121 | €46,187 | -€20,934 | -31.2% |
| Plant, machinery and equipment | 23 | €622 | €5,326 | +€4,704 | +757% |
| Furniture and vehicles | 24 | €42,808 | €34,983 | -€7,825 | -18.3% |
| Leasing and similar rights | 25 | €16,663 | €0 | -€16,663 | -100% |
| Other tangible fixed assets | 26 | €7,028 | €5,878 | -€1,149 | -16.4% |
| Current assets | 29/58 | €17,633 | €12,443 | -€5,190 | -29.4% |
| Amounts receivable within one year | 40/41 | €843 | €1,311 | +€468 | +55.6% |
| Trade receivables | 40 | €386 | €1,293 | +€907 | +235% |
| Other amounts receivable | 41 | €457 | €18 | -€439 | -96.0% |
| Cash at bank and in hand | 54/58 | €16,424 | €10,264 | -€6,160 | -37.5% |
| Deferred charges and accrued income | 490/1 | €366 | €869 | +€502 | +137% |
| Total equity and liabilities | 10/49 | €84,754 | €58,630 | -€26,124 | -30.8% |
| Equity | 10/15 | €4,254 | -€1,083 | -€5,338 | |
| 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 | -€16,206 | -€21,543 | -€5,338 | -32.9% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €76,500 | €55,713 | -€20,786 | -27.2% |
| Amounts payable after more than one year | 17 | €2,500 | €0 | -€2,500 | -100% |
| Financial debts | 170/4 | €2,500 | €0 | -€2,500 | -100% |
| Amounts payable within one year | 42/48 | €74,000 | €55,713 | -€18,287 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €18,495 | €0 | -€18,495 | -100% |
| Trade debts | 44 | €145 | €296 | +€151 | +104% |
| Suppliers | 440/4 | €145 | €296 | +€151 | +104% |
| Taxes, remuneration and social security | 45 | €6 | €14 | +€8 | +123% |
| Taxes | 450/3 | €6 | €14 | +€8 | +123% |
| Other amounts payable | 47/48 | €55,354 | €55,403 | +€50 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,846 | €22,094 | +€248 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €319 | +€319 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | €0 | +€10,000 | |
| Other operating charges | 640/8 | €686 | €665 | -€21 | -3.0% |
| Gross operating margin | 9900 | €14,417 | €18,260 | +€3,843 | +26.7% |
| Operating profit (loss) | 9901 | €1,886 | -€4,818 | -€6,704 | |
| Financial charges | 65/66B | €1,697 | €520 | -€1,177 | -69.4% |
| Recurring financial charges | 65 | €1,697 | €520 | -€1,177 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €189 | -€5,338 | -€5,527 | |
| Profit (loss) for the period | 9904 | €189 | -€5,338 | -€5,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €189 | -€5,338 | -€5,527 |
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.