GREEN APPLE: 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 APPLE
Largest movements
- Tangible fixed assets +€114,582
up €114,582 (+8.5%), from €1.4m to €1.5m
of which Other tangible fixed assets: +€147,200
- Cash +€72,308
up €72,308 (+1,217%), from €5,940 to €78,247
mainly Debts after one year (+€111,360) and Other debts (+€90,169)
- Debts after one year +€111,360
up €111,360 (+27.4%), from €406,116 to €517,476
of which Financial debts: +€111,360
- Other debts +€90,169
up €90,169 (+23.1%), from €391,028 to €481,197
- Trade debts -€32,408
down €32,408 (-98.8%), from €32,800 to €392
- Depreciation -€67,958
down €67,958 (-60.5%), from €112,376 to €44,418
- Gross operating margin +€12,691
up €12,691 (+19.3%), from €65,635 to €78,326
- Other operating charges -€1,573
down €1,573 (-12.0%), from €13,127 to €11,555
- Financial charges +€1,019
up €1,019 (+12.9%), from €7,919 to €8,938
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 | €1,359,590 | €1,545,926 | +€186,336 | +13.7% |
| Fixed assets | 21/28 | €1,350,660 | €1,465,242 | +€114,582 | +8.5% |
| Tangible fixed assets | 22/27 | €1,350,660 | €1,465,242 | +€114,582 | +8.5% |
| Land and buildings | 22 | €1,336,927 | €1,299,701 | -€37,226 | -2.8% |
| Plant, machinery and equipment | 23 | - | €4,609 | +€4,609 | |
| Other tangible fixed assets | 26 | €13,733 | €160,933 | +€147,200 | +1,072% |
| Current assets | 29/58 | €8,931 | €80,684 | +€71,753 | +803% |
| Amounts receivable within one year | 40/41 | €1,448 | €1,573 | +€125 | +8.6% |
| Trade receivables | 40 | €1,448 | €1,573 | +€125 | +8.6% |
| Cash at bank and in hand | 54/58 | €5,940 | €78,247 | +€72,308 | +1,217% |
| Deferred charges and accrued income | 490/1 | €1,543 | €864 | -€679 | -44.0% |
| Total equity and liabilities | 10/49 | €1,359,590 | €1,545,926 | +€186,336 | +13.7% |
| Equity | 10/15 | €487,522 | €500,938 | +€13,416 | +2.8% |
| Contributions | 10/11 | €629,506 | €629,506 | = | 0.0% |
| Capital | 10 | €629,506 | €629,506 | = | 0.0% |
| Issued capital | 100 | €629,506 | €629,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,984 | -€128,568 | +€13,416 | +9.4% |
| Amounts payable | 17/49 | €872,069 | €1,044,988 | +€172,919 | +19.8% |
| Amounts payable after more than one year | 17 | €406,116 | €517,476 | +€111,360 | +27.4% |
| Financial debts | 170/4 | €388,716 | €500,076 | +€111,360 | +28.6% |
| Other amounts payable | 178/9 | €17,400 | €17,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €465,952 | €524,442 | +€58,489 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €42,125 | €42,852 | +€728 | +1.7% |
| Trade debts | 44 | €32,800 | €392 | -€32,408 | -98.8% |
| Suppliers | 440/4 | €32,800 | €392 | -€32,408 | -98.8% |
| Other amounts payable | 47/48 | €391,028 | €481,197 | +€90,169 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €3,070 | +€3,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,376 | €44,418 | -€67,958 | -60.5% |
| Other operating charges | 640/8 | €13,127 | €11,555 | -€1,573 | -12.0% |
| Gross operating margin | 9900 | €65,635 | €78,326 | +€12,691 | +19.3% |
| Operating profit (loss) | 9901 | -€59,868 | €22,354 | +€82,222 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €7,919 | €8,938 | +€1,019 | +12.9% |
| Recurring financial charges | 65 | €7,919 | €8,938 | +€1,019 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€67,784 | €13,416 | +€81,200 | |
| Profit (loss) for the period | 9904 | -€67,784 | €13,416 | +€81,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,784 | €13,416 | +€81,200 |
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 14 October 2026 via checked.be.