GO 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.
GO GREEN
Largest movements
- Tangible fixed assets +€36,779
up €36,779 (+39.2%), from €93,931 to €130,710
of which Furniture and vehicles: +€51,823
- Cash -€32,103
down €32,103 (-75.5%), from €42,514 to €10,411
mainly Contributions, distributions and other (-€66,500) and Investment in fixed assets (net) (-€66,183)
- Receivables within one year +€16,229
up €16,229 (+16.2%), from €99,891 to €116,120
of which Trade receivables: +€20,466
- Deferred charges and accrued income -€3,382
down €3,382 (-27.6%), from €12,245 to €8,863
- Other debts +€66,500
new in 2025: €66,500
- Profit (loss) carried forward -€22,101
down €22,101 (-25.1%), from €87,930 to €65,829
- Short-term financial debts -€18,733
down €18,733 (-84.6%), from €22,142 to €3,409
- Tax, wage and social debts -€14,995
down €14,995 (-57.2%), from €26,204 to €11,209
of which Remuneration and social security: -€8,762
- Trade debts -€13,417
down €13,417 (-36.6%), from €36,655 to €23,238
- Gross operating margin +€35,916
up €35,916 (+17.3%), from €207,312 to €243,228
- Staff costs -€33,837
down €33,837 (-18.8%), from €179,526 to €145,690
- Taxes +€15,599
up €15,599 (+1,096%), from €1,424 to €17,023
- Depreciation +€8,628
up €8,628 (+41.5%), from €20,776 to €29,404
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 | €250,656 | €267,679 | +€17,023 | +6.8% |
| Fixed assets | 21/28 | €93,931 | €130,710 | +€36,779 | +39.2% |
| Tangible fixed assets | 22/27 | €93,931 | €130,710 | +€36,779 | +39.2% |
| Plant, machinery and equipment | 23 | €17,342 | €11,518 | -€5,824 | -33.6% |
| Furniture and vehicles | 24 | €13,134 | €64,958 | +€51,823 | +395% |
| Other tangible fixed assets | 26 | €63,455 | €54,234 | -€9,220 | -14.5% |
| Current assets | 29/58 | €156,726 | €136,970 | -€19,756 | -12.6% |
| Stocks and contracts in progress | 3 | €2,075 | €1,575 | -€500 | -24.1% |
| Stocks | 30/36 | €2,075 | €1,575 | -€500 | -24.1% |
| Amounts receivable within one year | 40/41 | €99,891 | €116,120 | +€16,229 | +16.2% |
| Trade receivables | 40 | €46,999 | €67,465 | +€20,466 | +43.5% |
| Other amounts receivable | 41 | €52,892 | €48,656 | -€4,237 | -8.0% |
| Cash at bank and in hand | 54/58 | €42,514 | €10,411 | -€32,103 | -75.5% |
| Deferred charges and accrued income | 490/1 | €12,245 | €8,863 | -€3,382 | -27.6% |
| Total equity and liabilities | 10/49 | €250,656 | €267,679 | +€17,023 | +6.8% |
| Equity | 10/15 | €108,390 | €86,289 | -€22,101 | -20.4% |
| 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 | €87,930 | €65,829 | -€22,101 | -25.1% |
| Amounts payable | 17/49 | €142,266 | €181,391 | +€39,124 | +27.5% |
| Amounts payable after more than one year | 17 | €46,917 | €58,115 | +€11,198 | +23.9% |
| Financial debts | 170/4 | €46,917 | €58,115 | +€11,198 | +23.9% |
| Amounts payable within one year | 42/48 | €95,350 | €123,276 | +€27,926 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €10,349 | €18,920 | +€8,572 | +82.8% |
| Financial debts | 43 | €22,142 | €3,409 | -€18,733 | -84.6% |
| Credit institutions | 430/8 | €22,142 | €3,409 | -€18,733 | -84.6% |
| Trade debts | 44 | €36,655 | €23,238 | -€13,417 | -36.6% |
| Suppliers | 440/4 | €36,655 | €23,238 | -€13,417 | -36.6% |
| Taxes, remuneration and social security | 45 | €26,204 | €11,209 | -€14,995 | -57.2% |
| Taxes | 450/3 | €7,239 | €1,006 | -€6,233 | -86.1% |
| Remuneration and social security | 454/9 | €18,965 | €10,203 | -€8,762 | -46.2% |
| Other amounts payable | 47/48 | - | €66,500 | +€66,500 | |
| Non-recurring operating income | 76A | €0 | €19,857 | +€19,857 | |
| Remuneration, social security and pensions | 62 | €179,526 | €145,690 | -€33,837 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,776 | €29,404 | +€8,628 | +41.5% |
| Other operating charges | 640/8 | €2,846 | €2,812 | -€34 | -1.2% |
| Gross operating margin | 9900 | €207,312 | €243,228 | +€35,916 | +17.3% |
| Operating profit (loss) | 9901 | €4,164 | €65,323 | +€61,158 | +1,469% |
| Financial income | 75/76B | €1,369 | €1,801 | +€432 | +31.6% |
| Recurring financial income | 75 | €1,369 | €1,801 | +€432 | +31.6% |
| Financial charges | 65/66B | €3,353 | €5,702 | +€2,349 | +70.0% |
| Recurring financial charges | 65 | €3,353 | €5,702 | +€2,349 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €2,179 | €61,421 | +€59,242 | +2,719% |
| Income taxes | 67/77 | €1,424 | €17,023 | +€15,599 | +1,096% |
| Profit (loss) for the period | 9904 | €755 | €44,399 | +€43,643 | +5,777% |
| Profit (loss) for the period to be appropriated | 9905 | €755 | €44,399 | +€43,643 | +5,777% |
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.