GREEN ALTITUDE: 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.
GREEN ALTITUDE
Largest movements
- Tangible fixed assets +€31,392
up €31,392 (+123%), from €25,457 to €56,850
of which Furniture and vehicles: +€36,510
- Cash -€4,485
down €4,485 (-71.7%), from €6,258 to €1,774
mainly Investment in fixed assets (net) (-€48,548) and Other debts (-€6,622)
- Receivables within one year +€4,377
up €4,377 (+52.3%), from €8,376 to €12,753
of which Other amounts receivable: +€6,339
- Financial fixed assets +€940
new in 2025: €940
- Debts after one year +€28,833
new in 2025: €28,833
- Current portion of long-term debt +€7,997
new in 2025: €7,997
- Other debts -€6,622
down €6,622 (-27.9%), from €23,775 to €17,153
- Trade debts +€6,360
up €6,360 (+874%), from €728 to €7,088
- Profit (loss) carried forward -€2,395
new in 2025: -€2,395
- Depreciation +€16,360
up €16,360 (+3,839%), from €426 to €16,786
- Taxes -€4,640
down €4,640 (-98.9%), from €4,690 to €50
- Gross operating margin -€3,175
down €3,175 (-16.3%), from €19,442 to €16,267
- Financial charges +€1,224
up €1,224 (+3,720%), from €33 to €1,257
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 | €43,024 | €75,233 | +€32,208 | +74.9% |
| Formation expenses | 20 | €2,560 | €1,990 | -€571 | -22.3% |
| Fixed assets | 21/28 | €25,457 | €57,790 | +€32,332 | +127% |
| Tangible fixed assets | 22/27 | €25,457 | €56,850 | +€31,392 | +123% |
| Plant, machinery and equipment | 23 | €25,457 | €20,339 | -€5,118 | -20.1% |
| Furniture and vehicles | 24 | - | €36,510 | +€36,510 | |
| Financial fixed assets | 28 | - | €940 | +€940 | |
| Current assets | 29/58 | €15,007 | €15,454 | +€447 | +3.0% |
| Amounts receivable within one year | 40/41 | €8,376 | €12,753 | +€4,377 | +52.3% |
| Trade receivables | 40 | €7,166 | €5,205 | -€1,962 | -27.4% |
| Other amounts receivable | 41 | €1,210 | €7,548 | +€6,339 | +524% |
| Cash at bank and in hand | 54/58 | €6,258 | €1,774 | -€4,485 | -71.7% |
| Deferred charges and accrued income | 490/1 | €372 | €927 | +€555 | +149% |
| Total equity and liabilities | 10/49 | €43,024 | €75,233 | +€32,208 | +74.9% |
| Equity | 10/15 | €16,558 | €14,163 | -€2,395 | -14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,558 | €13,558 | = | 0.0% |
| Distributable reserves | 133 | €13,558 | €13,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,395 | -€2,395 | |
| Amounts payable | 17/49 | €26,467 | €61,070 | +€34,604 | +131% |
| Amounts payable after more than one year | 17 | - | €28,833 | +€28,833 | |
| Financial debts | 170/4 | - | €28,833 | +€28,833 | |
| Amounts payable within one year | 42/48 | €25,182 | €32,238 | +€7,056 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,997 | +€7,997 | |
| Trade debts | 44 | €728 | €7,088 | +€6,360 | +874% |
| Suppliers | 440/4 | €728 | €7,088 | +€6,360 | +874% |
| Taxes, remuneration and social security | 45 | €679 | €0 | -€679 | -100% |
| Taxes | 450/3 | €679 | €0 | -€679 | -100% |
| Other amounts payable | 47/48 | €23,775 | €17,153 | -€6,622 | -27.9% |
| Accrued charges and deferred income | 492/3 | €1,285 | €0 | -€1,285 | -100% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €16,786 | +€16,360 | +3,839% |
| Other operating charges | 640/8 | €735 | €569 | -€165 | -22.5% |
| Gross operating margin | 9900 | €19,442 | €16,267 | -€3,175 | -16.3% |
| Operating profit (loss) | 9901 | €18,281 | -€1,089 | -€19,370 | |
| Financial charges | 65/66B | €33 | €1,257 | +€1,224 | +3,720% |
| Recurring financial charges | 65 | €33 | €1,257 | +€1,224 | +3,720% |
| Profit (loss) for the period before taxes | 9903 | €18,248 | -€2,345 | -€20,594 | |
| Income taxes | 67/77 | €4,690 | €50 | -€4,640 | -98.9% |
| Profit (loss) for the period | 9904 | €13,558 | -€2,395 | -€15,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,558 | -€2,395 | -€15,953 |
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 16 October 2026 via checked.be.