Green Belt: what changed
Green Belt
Largest movements
- Cash +€30,833
up €30,833 (+292%), from €10,562 to €41,395
mainly Net result for the year (+€38,135) and Receivables within one year (+€7,432)
- Tangible fixed assets +€25,158
up €25,158 (+584%), from €4,305 to €29,463
of which Furniture and vehicles: +€24,790
- Receivables within one year -€7,432
down €7,432 (-94.0%), from €7,904 to €472
of which Trade receivables: -€6,728
- Profit (loss) carried forward +€38,135
up €38,135 (+321%), from €11,889 to €50,023
- Tax, wage and social debts +€6,818
up €6,818 (+232%), from €2,944 to €9,762
- Trade debts +€3,335
up €3,335 (+953%), from €350 to €3,685
- Gross operating margin +€35,756
up €35,756 (+231%), from €15,504 to €51,260
- Taxes +€6,818
up €6,818 (+232%), from €2,944 to €9,762
- Other operating charges +€1,622
up €1,622 (+333%), from €487 to €2,110
- Depreciation +€1,002
up €1,002 (+605%), from €166 to €1,167
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 | €22,771 | €71,366 | +€48,594 | +213% |
| Fixed assets | 21/28 | €4,305 | €29,463 | +€25,158 | +584% |
| Tangible fixed assets | 22/27 | €4,305 | €29,463 | +€25,158 | +584% |
| Plant, machinery and equipment | 23 | €2,980 | €3,349 | +€368 | +12.4% |
| Furniture and vehicles | 24 | €1,325 | €26,115 | +€24,790 | +1,871% |
| Current assets | 29/58 | €18,467 | €41,903 | +€23,436 | +127% |
| Amounts receivable within one year | 40/41 | €7,904 | €472 | -€7,432 | -94.0% |
| Trade receivables | 40 | €6,728 | - | -€6,728 | |
| Other amounts receivable | 41 | €1,176 | €472 | -€704 | -59.9% |
| Cash at bank and in hand | 54/58 | €10,562 | €41,395 | +€30,833 | +292% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €22,771 | €71,366 | +€48,594 | +213% |
| Equity | 10/15 | €14,889 | €53,023 | +€38,135 | +256% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,889 | €50,023 | +€38,135 | +321% |
| Amounts payable | 17/49 | €7,883 | €18,343 | +€10,460 | +133% |
| Amounts payable within one year | 42/48 | €7,847 | €18,343 | +€10,496 | +134% |
| Trade debts | 44 | €350 | €3,685 | +€3,335 | +953% |
| Suppliers | 440/4 | €350 | €3,685 | +€3,335 | +953% |
| Taxes, remuneration and social security | 45 | €2,944 | €9,762 | +€6,818 | +232% |
| Taxes | 450/3 | €2,944 | €9,762 | +€6,818 | +232% |
| Other amounts payable | 47/48 | €4,553 | €4,896 | +€343 | +7.5% |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €1,167 | +€1,002 | +605% |
| Other operating charges | 640/8 | €487 | €2,110 | +€1,622 | +333% |
| Gross operating margin | 9900 | €15,504 | €51,260 | +€35,756 | +231% |
| Operating profit (loss) | 9901 | €14,851 | €47,983 | +€33,132 | +223% |
| Financial charges | 65/66B | €18 | €86 | +€68 | +367% |
| Recurring financial charges | 65 | €18 | €86 | +€68 | +367% |
| Profit (loss) for the period before taxes | 9903 | €14,833 | €47,897 | +€33,064 | +223% |
| Income taxes | 67/77 | €2,944 | €9,762 | +€6,818 | +232% |
| Profit (loss) for the period | 9904 | €11,889 | €38,135 | +€26,246 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €11,889 | €38,135 | +€26,246 | +221% |
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 4 November 2026 via checked.be.