GEENS: 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.
What changed
GEENS
NACE 01.450, Raising of sheep and goats
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€308,213
2024 · -€107,442+€415,655
Equity
€1.3m
2024 · €945,519+€308,213
Cash
€56,336
2024 · €50,405+€5,931
Balance sheet total
€1.7m
2024 · €1.6m+€131,934
Largest movements
Assets
- Stocks and contracts +€106,500
up €106,500 (+20.0%), from €532,109 to €638,609
Equity and liabilities
- Profit (loss) carried forward +€308,213
up €308,213 (+11.3%), from -€2.7m to -€2.4m
- Other debts -€133,272
down €133,272 (-41.5%), from €321,418 to €188,146
- Current portion of long-term debt -€95,000
down €95,000 (-38.0%), from €250,000 to €155,000
- Debts after one year +€41,445
new in 2025: €41,445
Income statement
- Gross operating margin +€422,617
up €422,617, from -€21,083 to €401,533
- Staff costs +€36,200
up €36,200 (+8955.2%), from €404 to €36,604
- Depreciation -€21,887
down €21,887 (-38.2%), from €57,303 to €35,415
- Other operating charges -€4,824
down €4,824 (-26.9%), from €17,908 to €13,084
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.
Result 2024
-€107,442
Gross operating margin
+€422,617
Staff costs
-€36,200
Depreciation
+€21,887
Other operating charges
+€4,824
Financial income
+€10
Financial charges
+€2,584
Taxes
-€69
Result 2025
€308,213
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.
From operations
+€109,751
Investment
-€50,265
Financing
-€53,555
Cash 2024
€50,405
From operations (derived)
+€109,751
Net result for the year
+€308,213
Depreciation
+€35,415
Stocks and contracts
-€106,500
Receivables within one year
-€3,285
Deferred charges and accrued income
-€1,368
Trade debts
+€8,515
Tax, wage and social debts
+€2,033
Other debts
-€133,272
Investment (derived)
-€50,265
Investment in fixed assets (net)
-€50,265
Financing
-€53,555
Debts after one year
+€41,445
Current portion of long-term debt
-€95,000
Cash 2025
€56,336
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,552,069 | €1,684,003 | +€131,934 | +8.5% |
| Fixed assets | 21/28 | €960,882 | €975,732 | +€14,850 | +1.5% |
| Tangible fixed assets | 22/27 | €960,882 | €975,732 | +€14,850 | +1.5% |
| Land and buildings | 22 | €898,533 | €883,343 | -€15,190 | -1.7% |
| Plant, machinery and equipment | 23 | €4,563 | €8,036 | +€3,473 | +76.1% |
| Furniture and vehicles | 24 | €57,786 | €84,353 | +€26,567 | +46.0% |
| Current assets | 29/58 | €591,187 | €708,271 | +€117,084 | +19.8% |
| Stocks and contracts in progress | 3 | €532,109 | €638,609 | +€106,500 | +20.0% |
| Stocks | 30/36 | €532,109 | €638,609 | +€106,500 | +20.0% |
| Amounts receivable within one year | 40/41 | €5,826 | €9,111 | +€3,285 | +56.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,826 | €9,111 | +€3,285 | +56.4% |
| Cash at bank and in hand | 54/58 | €50,405 | €56,336 | +€5,931 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,848 | €4,216 | +€1,368 | +48.0% |
| Total equity and liabilities | 10/49 | €1,552,069 | €1,684,003 | +€131,934 | +8.5% |
| Equity | 10/15 | €945,519 | €1,253,732 | +€308,213 | +32.6% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other | 1109/19 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €680,861 | €680,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €239,041 | €239,041 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,041 | €39,041 | = | 0.0% |
| Other | 1319 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €441,821 | €441,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,735,343 | -€2,427,130 | +€308,213 | +11.3% |
| Amounts payable | 17/49 | €606,551 | €430,272 | -€176,279 | -29.1% |
| Amounts payable after more than one year | 17 | - | €41,445 | +€41,445 | |
| Financial debts | 170/4 | - | €41,445 | +€41,445 | |
| Amounts payable within one year | 42/48 | €606,551 | €388,826 | -€217,724 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €155,000 | -€95,000 | -38.0% |
| Trade debts | 44 | €29,269 | €37,783 | +€8,515 | +29.1% |
| Suppliers | 440/4 | €29,269 | €37,783 | +€8,515 | +29.1% |
| Taxes, remuneration and social security | 45 | €5,864 | €7,897 | +€2,033 | +34.7% |
| Taxes | 450/3 | €210 | €284 | +€74 | +35.5% |
| Remuneration and social security | 454/9 | €5,654 | €7,613 | +€1,959 | +34.6% |
| Other amounts payable | 47/48 | €321,418 | €188,146 | -€133,272 | -41.5% |
| Non-recurring operating income | 76A | €141,866 | €0 | -€141,866 | -100.0% |
| Remuneration, social security and pensions | 62 | €404 | €36,604 | +€36,200 | +8955.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,303 | €35,415 | -€21,887 | -38.2% |
| Other operating charges | 640/8 | €17,908 | €13,084 | -€4,824 | -26.9% |
| Gross operating margin | 9900 | -€21,083 | €401,533 | +€422,617 | |
| Operating profit (loss) | 9901 | -€96,699 | €316,430 | +€413,129 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €10,528 | €7,944 | -€2,584 | -24.5% |
| Recurring financial charges | 65 | €10,528 | €7,944 | -€2,584 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€107,227 | €308,497 | +€415,724 | |
| Income taxes | 67/77 | €215 | €284 | +€69 | +32.0% |
| Profit (loss) for the period | 9904 | -€107,442 | €308,213 | +€415,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,442 | €308,213 | +€415,655 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.