GREEN ARC: what changed
GREEN ARC
Largest movements
- Cash +€58,196
up €58,196 (+45.9%), from €126,738 to €184,934
mainly Receivables within one year (+€21,915) and Net result for the year (+€17,925)
- Receivables within one year -€21,915
down €21,915 (-31.6%), from €69,315 to €47,400
of which Trade receivables: -€39,811
- Tangible fixed assets +€7,095
up €7,095 (+91.8%), from €7,733 to €14,828
of which Furniture and vehicles: +€7,508
- Deferred charges and accrued income +€4,732
up €4,732 (+86.8%), from €5,453 to €10,185
- Reserves +€17,925
up €17,925 (+127%), from €14,076 to €32,001
- Trade debts +€13,208
up €13,208 (+67.0%), from €19,700 to €32,908
- Tax, wage and social debts +€12,559
up €12,559 (+64.2%), from €19,566 to €32,125
- Other debts +€4,320
up €4,320 (+172%), from €2,518 to €6,839
- Gross operating margin -€9,271
down €9,271 (-21.5%), from €43,068 to €33,797
- Depreciation -€8,540
down €8,540 (-69.5%), from €12,285 to €3,746
- Taxes -€4,278
down €4,278 (-28.0%), from €15,303 to €11,025
- Financial income +€490
up €490 (+4,011%), from €12 to €502
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,521 | €257,430 | +€47,909 | +22.9% |
| Fixed assets | 21/28 | €8,015 | €14,910 | +€6,895 | +86.0% |
| Intangible fixed assets | 21 | €282 | €82 | -€200 | -70.9% |
| Tangible fixed assets | 22/27 | €7,733 | €14,828 | +€7,095 | +91.8% |
| Plant, machinery and equipment | 23 | €413 | - | -€413 | |
| Furniture and vehicles | 24 | €7,320 | €14,828 | +€7,508 | +103% |
| Current assets | 29/58 | €201,505 | €242,519 | +€41,014 | +20.4% |
| Amounts receivable within one year | 40/41 | €69,315 | €47,400 | -€21,915 | -31.6% |
| Trade receivables | 40 | €69,315 | €29,504 | -€39,811 | -57.4% |
| Other amounts receivable | 41 | - | €17,896 | +€17,896 | |
| Cash at bank and in hand | 54/58 | €126,738 | €184,934 | +€58,196 | +45.9% |
| Deferred charges and accrued income | 490/1 | €5,453 | €10,185 | +€4,732 | +86.8% |
| Total equity and liabilities | 10/49 | €209,521 | €257,430 | +€47,909 | +22.9% |
| Equity | 10/15 | €165,936 | €183,862 | +€17,925 | +10.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,076 | €32,001 | +€17,925 | +127% |
| Distributable reserves | 133 | €14,076 | €32,001 | +€17,925 | +127% |
| Profit (loss) carried forward | 14 | €149,861 | €149,861 | = | 0.0% |
| Amounts payable | 17/49 | €43,584 | €73,568 | +€29,984 | +68.8% |
| Amounts payable within one year | 42/48 | €41,784 | €71,872 | +€30,088 | +72.0% |
| Trade debts | 44 | €19,700 | €32,908 | +€13,208 | +67.0% |
| Suppliers | 440/4 | €19,700 | €32,908 | +€13,208 | +67.0% |
| Taxes, remuneration and social security | 45 | €19,566 | €32,125 | +€12,559 | +64.2% |
| Taxes | 450/3 | €19,566 | €32,125 | +€12,559 | +64.2% |
| Other amounts payable | 47/48 | €2,518 | €6,839 | +€4,320 | +172% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,696 | -€104 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,285 | €3,746 | -€8,540 | -69.5% |
| Other operating charges | 640/8 | €1,010 | €1,265 | +€255 | +25.2% |
| Gross operating margin | 9900 | €43,068 | €33,797 | -€9,271 | -21.5% |
| Operating profit (loss) | 9901 | €29,773 | €28,786 | -€986 | -3.3% |
| Financial income | 75/76B | €12 | €502 | +€490 | +4,011% |
| Recurring financial income | 75 | €12 | €502 | +€490 | +4,011% |
| Financial charges | 65/66B | €407 | €338 | -€68 | -16.8% |
| Recurring financial charges | 65 | €407 | €338 | -€68 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €29,378 | €28,950 | -€428 | -1.5% |
| Income taxes | 67/77 | €15,303 | €11,025 | -€4,278 | -28.0% |
| Profit (loss) for the period | 9904 | €14,076 | €17,925 | +€3,850 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,076 | €17,925 | +€3,850 | +27.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.