GREEN+: what changed
Two fiscal 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.
GREEN+
Largest movements
- Cash +€71,999
up €71,999 (+460.7%), from €15,629 to €87,628
mainly Net result for the year (+€67,309) and Other debts (+€42,126)
- Tangible fixed assets -€7,888
down €7,888 (-51.8%), from €15,223 to €7,334
- Deferred charges and accrued income -€1,515
down €1,515 (-74.9%), from €2,023 to €508
- Receivables within one year -€964
down €964 (-100.0%), from €964 to €0
of which Trade receivables: -€500
- Profit (loss) carried forward +€62,579
up €62,579, from -€62,579 to €0
- Reserves -€42,270
down €42,270 (-66.3%), from €63,772 to €21,502
- Other debts +€42,126
up €42,126 (+209.0%), from €20,161 to €62,287
- Current portion of long-term debt -€3,057
down €3,057 (-100.0%), from €3,057 to €0
- Tax, wage and social debts +€2,131
new in 2025: €2,131
- Gross operating margin +€88,213
up €88,213, from -€10,360 to €77,852
- Depreciation -€10,768
down €10,768 (-58.9%), from €18,280 to €7,513
- Taxes +€2,079
new in 2025: €2,079
- Staff costs -€921
down €921 (-100.0%), from €921 to €0
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 | €33,839 | €95,470 | +€61,632 | +182.1% |
| Fixed assets | 21/28 | €15,223 | €7,334 | -€7,888 | -51.8% |
| Tangible fixed assets | 22/27 | €15,223 | €7,334 | -€7,888 | -51.8% |
| Land and buildings | 22 | €2,099 | €0 | -€2,099 | -100.0% |
| Plant, machinery and equipment | 23 | €10,481 | €7,334 | -€3,147 | -30.0% |
| Furniture and vehicles | 24 | €2,643 | €0 | -€2,643 | -100.0% |
| Current assets | 29/58 | €18,616 | €88,136 | +€69,520 | +373.4% |
| Amounts receivable within one year | 40/41 | €964 | €0 | -€964 | -100.0% |
| Trade receivables | 40 | €500 | €0 | -€500 | -100.0% |
| Other amounts receivable | 41 | €464 | €0 | -€464 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,629 | €87,628 | +€71,999 | +460.7% |
| Deferred charges and accrued income | 490/1 | €2,023 | €508 | -€1,515 | -74.9% |
| Total equity and liabilities | 10/49 | €33,839 | €95,470 | +€61,632 | +182.1% |
| Equity | 10/15 | €8,693 | €29,002 | +€20,309 | +233.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €63,772 | €21,502 | -€42,270 | -66.3% |
| Distributable reserves | 133 | €63,772 | €21,502 | -€42,270 | -66.3% |
| Profit (loss) carried forward | 14 | -€62,579 | €0 | +€62,579 | |
| Amounts payable | 17/49 | €25,146 | €66,469 | +€41,323 | +164.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,146 | €66,469 | +€41,323 | +164.3% |
| Current portion of amounts payable after more than one year | 42 | €3,057 | €0 | -€3,057 | -100.0% |
| Trade debts | 44 | €1,928 | €2,051 | +€123 | +6.4% |
| Suppliers | 440/4 | €1,928 | €2,051 | +€123 | +6.4% |
| Taxes, remuneration and social security | 45 | - | €2,131 | +€2,131 | |
| Taxes | 450/3 | - | €2,131 | +€2,131 | |
| Other amounts payable | 47/48 | €20,161 | €62,287 | +€42,126 | +209.0% |
| Non-recurring operating income | 76A | - | €59,500 | +€59,500 | |
| Remuneration, social security and pensions | 62 | €921 | €0 | -€921 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,280 | €7,513 | -€10,768 | -58.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €269 | €262 | -€7 | -2.6% |
| Gross operating margin | 9900 | -€10,360 | €77,852 | +€88,213 | |
| Operating profit (loss) | 9901 | -€29,831 | €69,578 | +€99,408 | |
| Financial income | 75/76B | €6 | €1 | -€5 | -90.4% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -90.4% |
| Financial charges | 65/66B | €339 | €190 | -€148 | -43.8% |
| Recurring financial charges | 65 | €339 | €190 | -€148 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,164 | €69,388 | +€99,552 | |
| Income taxes | 67/77 | - | €2,079 | +€2,079 | |
| Profit (loss) for the period | 9904 | -€30,164 | €67,309 | +€97,473 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,164 | €67,309 | +€97,473 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.