GREEM: 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.
GREEM
Largest movements
- Cash -€68,339
down €68,339 (-48.2%), from €141,659 to €73,321
mainly Other debts (-€96,664) and Contributions, distributions and other (-€61,500)
- Deferred charges and accrued income -€33,874
down €33,874 (-80.6%), from €42,003 to €8,129
- Receivables within one year +€6,052
up €6,052 (+214.1%), from €2,826 to €8,879
- Other debts -€96,664
down €96,664 (-59.0%), from €163,838 to €67,175
- Gross operating margin -€29,163
down €29,163 (-26.9%), from €108,306 to €79,143
- Depreciation -€1,175
no longer reported in 2025 (was €1,175)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,489 | €90,329 | -€96,160 | -51.6% |
| Current assets | 29/58 | €186,489 | €90,329 | -€96,160 | -51.6% |
| Amounts receivable within one year | 40/41 | €2,826 | €8,879 | +€6,052 | +214.1% |
| Other amounts receivable | 41 | €2,826 | €8,879 | +€6,052 | +214.1% |
| Cash at bank and in hand | 54/58 | €141,659 | €73,321 | -€68,339 | -48.2% |
| Deferred charges and accrued income | 490/1 | €42,003 | €8,129 | -€33,874 | -80.6% |
| Total equity and liabilities | 10/49 | €186,489 | €90,329 | -€96,160 | -51.6% |
| Equity | 10/15 | €18,701 | €19,516 | +€815 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €101 | €916 | +€815 | +807.6% |
| Amounts payable | 17/49 | €167,788 | €70,812 | -€96,976 | -57.8% |
| Amounts payable within one year | 42/48 | €167,788 | €70,812 | -€96,976 | -57.8% |
| Trade debts | 44 | €1,301 | €743 | -€558 | -42.9% |
| Suppliers | 440/4 | €1,301 | €743 | -€558 | -42.9% |
| Taxes, remuneration and social security | 45 | €2,649 | €2,895 | +€246 | +9.3% |
| Taxes | 450/3 | €2,649 | €2,895 | +€246 | +9.3% |
| Other amounts payable | 47/48 | €163,838 | €67,175 | -€96,664 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | - | -€1,175 | |
| Other operating charges | 640/8 | €778 | €795 | +€16 | +2.1% |
| Gross operating margin | 9900 | €108,306 | €79,143 | -€29,163 | -26.9% |
| Operating profit (loss) | 9901 | €106,352 | €78,348 | -€28,004 | -26.3% |
| Financial income | 75/76B | €1,112 | €140 | -€972 | -87.4% |
| Recurring financial income | 75 | €1,112 | €140 | -€972 | -87.4% |
| Financial charges | 65/66B | €69 | €109 | +€40 | +58.3% |
| Recurring financial charges | 65 | €69 | €109 | +€40 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €107,395 | €78,378 | -€29,016 | -27.0% |
| Income taxes | 67/77 | €15,918 | €16,063 | +€145 | +0.9% |
| Profit (loss) for the period | 9904 | €91,477 | €62,315 | -€29,162 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,477 | €62,315 | -€29,162 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.