GEENSCO: 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.
GEENSCO
Largest movements
- Cash +€126,694
up €126,694 (+177%), from €71,484 to €198,178
mainly Net result for the year (+€68,595) and Receivables within one year (+€67,983)
- Receivables within one year -€67,983
down €67,983 (-45.9%), from €148,220 to €80,237
of which Trade receivables: -€70,116
- Tangible fixed assets +€27,494
up €27,494 (+47.4%), from €58,014 to €85,507
of which Furniture and vehicles: +€23,187
- Current investments +€5,000
new in 2025: €5,000
- Deferred charges and accrued income -€4,158
down €4,158 (-100%), from €4,158 to €0
- Reserves +€68,595
up €68,595 (+46.9%), from €146,351 to €214,946
of which Distributable reserves: +€68,595
- Trade debts +€23,636
up €23,636 (+37.3%), from €63,402 to €87,038
- Tax, wage and social debts -€5,185
down €5,185 (-71.2%), from €7,283 to €2,098
of which Taxes: -€4,490
- Gross operating margin +€16,223
up €16,223 (+8.5%), from €190,041 to €206,264
- Staff costs +€10,308
up €10,308 (+15.0%), from €68,580 to €78,888
- Depreciation +€10,093
up €10,093 (+72.2%), from €13,980 to €24,073
- Other operating charges -€2,273
down €2,273 (-54.5%), from €4,167 to €1,895
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 | €285,036 | €372,082 | +€87,046 | +30.5% |
| Fixed assets | 21/28 | €61,174 | €88,667 | +€27,494 | +44.9% |
| Tangible fixed assets | 22/27 | €58,014 | €85,507 | +€27,494 | +47.4% |
| Plant, machinery and equipment | 23 | €15,900 | €20,207 | +€4,307 | +27.1% |
| Furniture and vehicles | 24 | €42,114 | €65,301 | +€23,187 | +55.1% |
| Financial fixed assets | 28 | €3,160 | €3,160 | = | 0.0% |
| Current assets | 29/58 | €223,862 | €283,415 | +€59,553 | +26.6% |
| Amounts receivable within one year | 40/41 | €148,220 | €80,237 | -€67,983 | -45.9% |
| Trade receivables | 40 | €128,639 | €58,522 | -€70,116 | -54.5% |
| Other amounts receivable | 41 | €19,581 | €21,714 | +€2,133 | +10.9% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €71,484 | €198,178 | +€126,694 | +177% |
| Deferred charges and accrued income | 490/1 | €4,158 | €0 | -€4,158 | -100% |
| Total equity and liabilities | 10/49 | €285,036 | €372,082 | +€87,046 | +30.5% |
| Equity | 10/15 | €214,351 | €282,946 | +€68,595 | +32.0% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €146,351 | €214,946 | +€68,595 | +46.9% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Distributable reserves | 133 | €139,551 | €208,146 | +€68,595 | +49.2% |
| Amounts payable | 17/49 | €70,685 | €89,136 | +€18,451 | +26.1% |
| Amounts payable within one year | 42/48 | €70,685 | €89,136 | +€18,451 | +26.1% |
| Trade debts | 44 | €63,402 | €87,038 | +€23,636 | +37.3% |
| Suppliers | 440/4 | €63,402 | €87,038 | +€23,636 | +37.3% |
| Taxes, remuneration and social security | 45 | €7,283 | €2,098 | -€5,185 | -71.2% |
| Taxes | 450/3 | €6,498 | €2,008 | -€4,490 | -69.1% |
| Remuneration and social security | 454/9 | €785 | €90 | -€695 | -88.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €13,116 | €0 | -€13,116 | -100% |
| Remuneration, social security and pensions | 62 | €68,580 | €78,888 | +€10,308 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,980 | €24,073 | +€10,093 | +72.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,167 | €1,895 | -€2,273 | -54.5% |
| Gross operating margin | 9900 | €190,041 | €206,264 | +€16,223 | +8.5% |
| Operating profit (loss) | 9901 | €103,314 | €101,408 | -€1,906 | -1.8% |
| Financial income | 75/76B | €0 | €174 | +€174 | |
| Recurring financial income | 75 | €0 | €174 | +€174 | |
| Financial charges | 65/66B | €5,937 | €4,777 | -€1,160 | -19.5% |
| Recurring financial charges | 65 | €5,937 | €4,777 | -€1,160 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €97,377 | €96,805 | -€572 | -0.6% |
| Income taxes | 67/77 | €28,256 | €28,209 | -€47 | -0.2% |
| Profit (loss) for the period | 9904 | €69,120 | €68,595 | -€525 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,120 | €68,595 | -€525 | -0.8% |
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 22 October 2026 via checked.be.