GREEN BELGIUM: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
What changed
GREEN BELGIUM
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€526,224
2024 · -€610,765+€84,542
Equity
€5.5m
2024 · €6.0m-€526,224
Cash
€2.0m
2024 · €1.4m+€543,376
Balance sheet total
€17.2m
2024 · €17.9m-€615,599
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-7.9%), from €15.3m to €14.1m
- Cash +€543,376
up €543,376 (+38.0%), from €1.4m to €2.0m
mainly Depreciation (+€1.2m) and Tax, wage and social debts (+€25,966)
Equity and liabilities
- Reserves -€421,343
down €421,343 (-12.4%), from €3.4m to €3.0m
Income statement
- Financial charges -€169,684
down €169,684 (-28.4%), from €596,690 to €427,006
- Write-downs +€59,030
up €59,030, from -€8,992 to €50,037
- Gross operating margin +€37,733
up €37,733 (+3.2%), from €1.2m to €1.2m
- Taxes +€30,891
up €30,891 (+88.3%), from €34,981 to €65,872
- Other operating charges +€25,783
up €25,783 (+17.3%), from €148,851 to €174,634
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.
Result 2024
-€610,765
Gross operating margin
+€37,733
Depreciation
-€433
Write-downs
-€59,030
Other operating charges
-€25,783
Financial income
-€6,739
Financial charges
+€169,684
Taxes
-€30,891
Result 2025
-€526,224
raises the resultlowers the result
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.
From operations
+€543,687
Investment
€0
Financing
-€311
Cash 2024
€1.4m
From operations (derived)
+€543,687
Net result for the year
-€526,224
Depreciation
+€1.2m
Receivables within one year
+€15,438
Deferred charges and accrued income
-€57,406
Provisions
-€140,448
Trade debts
-€19,484
Tax, wage and social debts
+€25,966
Other debts
+€21,970
Accrued charges and deferred income
+€22,932
Financing
-€311
Short-term financial debts
-€311
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,861,847 | €17,246,249 | -€615,599 | -3.4% |
| Fixed assets | 21/28 | €15,287,144 | €14,086,202 | -€1.2m | -7.9% |
| Tangible fixed assets | 22/27 | €15,287,144 | €14,086,202 | -€1.2m | -7.9% |
| Land and buildings | 22 | €15,287,144 | €14,086,202 | -€1.2m | -7.9% |
| Current assets | 29/58 | €2,574,703 | €3,160,047 | +€585,343 | +22.7% |
| Amounts receivable within one year | 40/41 | €1,023,092 | €1,007,653 | -€15,438 | -1.5% |
| Trade receivables | 40 | €383,956 | €336,261 | -€47,695 | -12.4% |
| Other amounts receivable | 41 | €639,136 | €671,393 | +€32,257 | +5.0% |
| Cash at bank and in hand | 54/58 | €1,428,456 | €1,971,832 | +€543,376 | +38.0% |
| Deferred charges and accrued income | 490/1 | €123,156 | €180,562 | +€57,406 | +46.6% |
| Total equity and liabilities | 10/49 | €17,861,847 | €17,246,249 | -€615,599 | -3.4% |
| Equity | 10/15 | €5,988,374 | €5,462,150 | -€526,224 | -8.8% |
| Contributions | 10/11 | €3,028,667 | €3,028,667 | = | 0.0% |
| Reserves | 13 | €3,400,624 | €2,979,281 | -€421,343 | -12.4% |
| Tax-exempt reserves | 132 | €3,400,624 | €2,979,281 | -€421,343 | -12.4% |
| Profit (loss) carried forward | 14 | -€440,916 | -€545,797 | -€104,881 | -23.8% |
| Provisions and deferred taxes | 16 | €1,133,128 | €992,680 | -€140,448 | -12.4% |
| Deferred taxes | 168 | €1,133,128 | €992,680 | -€140,448 | -12.4% |
| Amounts payable | 17/49 | €10,740,345 | €10,791,418 | +€51,073 | +0.5% |
| Amounts payable after more than one year | 17 | €9,800,000 | €9,800,000 | = | 0.0% |
| Financial debts | 170/4 | €9,800,000 | €9,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €586,834 | €614,976 | +€28,141 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €311 | €0 | -€311 | -100% |
| Credit institutions | 430/8 | €311 | €0 | -€311 | -100% |
| Trade debts | 44 | €28,920 | €9,436 | -€19,484 | -67.4% |
| Suppliers | 440/4 | €28,920 | €9,436 | -€19,484 | -67.4% |
| Taxes, remuneration and social security | 45 | €27,068 | €53,034 | +€25,966 | +95.9% |
| Taxes | 450/3 | €27,068 | €53,034 | +€25,966 | +95.9% |
| Other amounts payable | 47/48 | €530,536 | €552,506 | +€21,970 | +4.1% |
| Accrued charges and deferred income | 492/3 | €353,511 | €376,442 | +€22,932 | +6.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200,509 | €1,200,942 | +€433 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,992 | €50,037 | +€59,030 | |
| Other operating charges | 640/8 | €148,851 | €174,634 | +€25,783 | +17.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,187,324 | €1,225,056 | +€37,733 | +3.2% |
| Operating profit (loss) | 9901 | -€153,044 | -€200,557 | -€47,513 | -31.0% |
| Financial income | 75/76B | €33,502 | €26,763 | -€6,739 | -20.1% |
| Recurring financial income | 75 | €33,502 | €26,763 | -€6,739 | -20.1% |
| Financial charges | 65/66B | €596,690 | €427,006 | -€169,684 | -28.4% |
| Recurring financial charges | 65 | €596,690 | €427,006 | -€169,684 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€716,232 | -€600,800 | +€115,432 | +16.1% |
| Transfer from deferred taxes | 780 | €140,447 | €140,448 | +€0 | 0.0% |
| Income taxes | 67/77 | €34,981 | €65,872 | +€30,891 | +88.3% |
| Profit (loss) for the period | 9904 | -€610,765 | -€526,224 | +€84,542 | +13.8% |
| Transfer from tax-exempt reserves | 789 | €421,342 | €421,343 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,423 | -€104,881 | +€84,543 | +44.6% |
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 1 November 2026 via checked.be.