Green Ad: 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 Ad
Largest movements
- Cash -€55,629
down €55,629 (-73.9%), from €75,312 to €19,683
mainly Net result for the year (-€31,241) and Receivables after one year (-€20,000)
- Receivables after one year +€20,000
new in 2025: €20,000
- Receivables within one year -€10,659
down €10,659 (-81.8%), from €13,037 to €2,377
of which Trade receivables: -€10,064
- Tangible fixed assets -€2,681
down €2,681 (-51.9%), from €5,168 to €2,487
of which Furniture and vehicles: -€1,601
- Deferred charges and accrued income -€1,125
down €1,125 (-64.0%), from €1,757 to €632
- Profit (loss) carried forward -€31,241
down €31,241 (-219.2%), from -€14,253 to -€45,495
- Tax, wage and social debts -€17,254
down €17,254 (-93.5%), from €18,458 to €1,204
- Trade debts -€5,905
down €5,905 (-89.9%), from €6,571 to €666
- Other debts +€4,321
up €4,321 (+57.5%), from €7,517 to €11,839
- Gross operating margin -€16,579
down €16,579 (-165.9%), from -€9,995 to -€26,575
- Depreciation -€844
down €844 (-23.9%), from €3,525 to €2,681
- Taxes -€369
down €369 (-51.0%), from €724 to €354
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 | €95,274 | €45,180 | -€50,094 | -52.6% |
| Fixed assets | 21/28 | €5,168 | €2,487 | -€2,681 | -51.9% |
| Tangible fixed assets | 22/27 | €5,168 | €2,487 | -€2,681 | -51.9% |
| Plant, machinery and equipment | 23 | €1,154 | €347 | -€807 | -69.9% |
| Furniture and vehicles | 24 | €1,601 | - | -€1,601 | |
| Other tangible fixed assets | 26 | €2,413 | €2,140 | -€273 | -11.3% |
| Current assets | 29/58 | €90,106 | €42,693 | -€47,413 | -52.6% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €13,037 | €2,377 | -€10,659 | -81.8% |
| Trade receivables | 40 | €10,796 | €732 | -€10,064 | -93.2% |
| Other amounts receivable | 41 | €2,240 | €1,646 | -€595 | -26.6% |
| Cash at bank and in hand | 54/58 | €75,312 | €19,683 | -€55,629 | -73.9% |
| Deferred charges and accrued income | 490/1 | €1,757 | €632 | -€1,125 | -64.0% |
| Total equity and liabilities | 10/49 | €95,274 | €45,180 | -€50,094 | -52.6% |
| Equity | 10/15 | €62,713 | €31,472 | -€31,241 | -49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,366 | €58,366 | = | 0.0% |
| Distributable reserves | 133 | €58,366 | €58,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,253 | -€45,495 | -€31,241 | -219.2% |
| Amounts payable | 17/49 | €32,561 | €13,708 | -€18,853 | -57.9% |
| Amounts payable within one year | 42/48 | €32,546 | €13,708 | -€18,838 | -57.9% |
| Trade debts | 44 | €6,571 | €666 | -€5,905 | -89.9% |
| Suppliers | 440/4 | €6,571 | €666 | -€5,905 | -89.9% |
| Taxes, remuneration and social security | 45 | €18,458 | €1,204 | -€17,254 | -93.5% |
| Taxes | 450/3 | €18,458 | €1,204 | -€17,254 | -93.5% |
| Other amounts payable | 47/48 | €7,517 | €11,839 | +€4,321 | +57.5% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,525 | €2,681 | -€844 | -23.9% |
| Other operating charges | 640/8 | €1,551 | €1,503 | -€49 | -3.1% |
| Gross operating margin | 9900 | -€9,995 | -€26,575 | -€16,579 | -165.9% |
| Operating profit (loss) | 9901 | -€15,072 | -€30,758 | -€15,686 | -104.1% |
| Financial income | 75/76B | €2 | €1 | -€1 | -49.4% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -49.4% |
| Financial charges | 65/66B | €319 | €130 | -€190 | -59.4% |
| Recurring financial charges | 65 | €319 | €130 | -€190 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,389 | -€30,887 | -€15,498 | -100.7% |
| Income taxes | 67/77 | €724 | €354 | -€369 | -51.0% |
| Profit (loss) for the period | 9904 | -€16,113 | -€31,241 | -€15,128 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,113 | -€31,241 | -€15,128 | -93.9% |
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 5 October 2026 via checked.be.