GREEN 17: 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 17
Largest movements
- Receivables within one year -€7,933
down €7,933 (-8.3%), from €95,867 to €87,933
of which Trade receivables: -€66,901
- Deferred charges and accrued income -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Cash -€4,561
down €4,561 (-31.7%), from €14,403 to €9,843
mainly Net result for the year (-€147,366) and Contributions, distributions and other (-€6,385)
- Stocks and contracts -€4,387
down €4,387 (-38.5%), from €11,400 to €7,013
- Profit (loss) carried forward -€153,751
down €153,751 (-286.4%), from -€53,676 to -€207,427
- Debts after one year +€110,000
new in 2025: €110,000
- Other debts +€20,739
up €20,739 (+41.2%), from €50,280 to €71,020
- Short-term financial debts +€2,868
up €2,868 (+624.8%), from €459 to €3,327
- Tax, wage and social debts -€2,689
down €2,689 (-100.0%), from €2,689 to €0
- Gross operating margin -€85,490
down €85,490 (-162.8%), from -€52,508 to -€137,998
- Other operating charges +€6,199
new in 2025: €6,199
- Financial charges +€1,836
up €1,836 (+365.6%), from €502 to €2,338
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 | €137,541 | €114,506 | -€23,035 | -16.7% |
| Fixed assets | 21/28 | €10,871 | €9,717 | -€1,154 | -10.6% |
| Intangible fixed assets | 21 | €10,870 | €9,716 | -€1,154 | -10.6% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €126,670 | €104,789 | -€21,881 | -17.3% |
| Stocks and contracts in progress | 3 | €11,400 | €7,013 | -€4,387 | -38.5% |
| Stocks | 30/36 | €11,400 | €7,013 | -€4,387 | -38.5% |
| Amounts receivable within one year | 40/41 | €95,867 | €87,933 | -€7,933 | -8.3% |
| Trade receivables | 40 | €94,388 | €27,487 | -€66,901 | -70.9% |
| Other amounts receivable | 41 | €1,479 | €60,447 | +€58,968 | +3988.3% |
| Cash at bank and in hand | 54/58 | €14,403 | €9,843 | -€4,561 | -31.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | €0 | -€5,000 | -100.0% |
| Total equity and liabilities | 10/49 | €137,541 | €114,506 | -€23,035 | -16.7% |
| Equity | 10/15 | €46,324 | -€107,427 | -€153,751 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,676 | -€207,427 | -€153,751 | -286.4% |
| Amounts payable | 17/49 | €91,217 | €221,933 | +€130,716 | +143.3% |
| Amounts payable after more than one year | 17 | - | €110,000 | +€110,000 | |
| Financial debts | 170/4 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €91,217 | €111,933 | +€20,716 | +22.7% |
| Financial debts | 43 | €459 | €3,327 | +€2,868 | +624.8% |
| Other loans | 439 | €459 | €3,327 | +€2,868 | +624.8% |
| Trade debts | 44 | €37,789 | €37,587 | -€202 | -0.5% |
| Suppliers | 440/4 | €37,789 | €37,587 | -€202 | -0.5% |
| Taxes, remuneration and social security | 45 | €2,689 | €0 | -€2,689 | -100.0% |
| Taxes | 450/3 | €2,689 | €0 | -€2,689 | -100.0% |
| Other amounts payable | 47/48 | €50,280 | €71,020 | +€20,739 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €1,154 | +€487 | +73.1% |
| Other operating charges | 640/8 | - | €6,199 | +€6,199 | |
| Gross operating margin | 9900 | -€52,508 | -€137,998 | -€85,490 | -162.8% |
| Operating profit (loss) | 9901 | -€53,174 | -€145,350 | -€92,176 | -173.3% |
| Financial income | 75/76B | - | €323 | +€323 | |
| Recurring financial income | 75 | - | €323 | +€323 | |
| Financial charges | 65/66B | €502 | €2,338 | +€1,836 | +365.6% |
| Recurring financial charges | 65 | €502 | €2,338 | +€1,836 | +365.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,676 | -€147,366 | -€93,690 | -174.5% |
| Profit (loss) for the period | 9904 | -€53,676 | -€147,366 | -€93,690 | -174.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,676 | -€147,366 | -€93,690 | -174.5% |
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 4 October 2026 via checked.be.