Green Brains: 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 Brains
Largest movements
- Receivables within one year +€12,526
up €12,526 (+122%), from €10,246 to €22,772
of which Trade receivables: +€14,175
- Cash +€10,711
up €10,711 (+16.5%), from €64,789 to €75,500
mainly Net result for the year (+€18,444) and Depreciation (+€7,211)
- Intangible fixed assets +€5,740
new in 2025: €5,740
- Tangible fixed assets -€5,586
down €5,586 (-77.7%), from €7,193 to €1,607
of which Furniture and vehicles: -€5,554
- Financial fixed assets -€5,500
no longer reported in 2025 (was €5,500)
- Profit (loss) carried forward +€18,444
up €18,444 (+8.8%), from -€208,697 to -€190,253
- Current portion of long-term debt -€5,624
no longer reported in 2025 (was €5,624)
- Tax, wage and social debts +€5,156
up €5,156 (+95.2%), from €5,418 to €10,574
of which Remuneration and social security: +€2,821
- Accrued charges and deferred income +€4,600
up €4,600 (+10.6%), from €43,530 to €48,130
- Other debts -€1,183
down €1,183 (-28.7%), from €4,122 to €2,939
- Gross operating margin +€67,408
up €67,408, from -€35,849 to €31,559
- Depreciation -€3,001
down €3,001 (-29.4%), from €10,212 to €7,211
- Other operating charges +€424
up €424 (+83.1%), from €510 to €934
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 | €90,028 | €111,854 | +€21,826 | +24.2% |
| Fixed assets | 21/28 | €12,693 | €7,347 | -€5,346 | -42.1% |
| Intangible fixed assets | 21 | - | €5,740 | +€5,740 | |
| Tangible fixed assets | 22/27 | €7,193 | €1,607 | -€5,586 | -77.7% |
| Furniture and vehicles | 24 | €6,933 | €1,379 | -€5,554 | -80.1% |
| Other tangible fixed assets | 26 | €260 | €228 | -€32 | -12.3% |
| Financial fixed assets | 28 | €5,500 | - | -€5,500 | |
| Current assets | 29/58 | €77,335 | €104,507 | +€27,172 | +35.1% |
| Amounts receivable within one year | 40/41 | €10,246 | €22,772 | +€12,526 | +122% |
| Trade receivables | 40 | €6,478 | €20,653 | +€14,175 | +219% |
| Other amounts receivable | 41 | €3,768 | €2,119 | -€1,649 | -43.8% |
| Cash at bank and in hand | 54/58 | €64,789 | €75,500 | +€10,711 | +16.5% |
| Deferred charges and accrued income | 490/1 | €2,300 | €6,235 | +€3,935 | +171% |
| Total equity and liabilities | 10/49 | €90,028 | €111,854 | +€21,826 | +24.2% |
| Equity | 10/15 | -€87,180 | -€68,736 | +€18,444 | +21.2% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €6,517 | €6,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,517 | €6,517 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,517 | €6,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,697 | -€190,253 | +€18,444 | +8.8% |
| Amounts payable | 17/49 | €177,208 | €180,590 | +€3,382 | +1.9% |
| Amounts payable after more than one year | 17 | €115,000 | €115,000 | = | 0.0% |
| Financial debts | 170/4 | €115,000 | €115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,678 | €17,460 | -€1,218 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €5,624 | - | -€5,624 | |
| Trade debts | 44 | €3,514 | €3,947 | +€433 | +12.3% |
| Suppliers | 440/4 | €3,514 | €3,947 | +€433 | +12.3% |
| Taxes, remuneration and social security | 45 | €5,418 | €10,574 | +€5,156 | +95.2% |
| Taxes | 450/3 | €2,643 | €4,978 | +€2,335 | +88.3% |
| Remuneration and social security | 454/9 | €2,775 | €5,596 | +€2,821 | +102% |
| Other amounts payable | 47/48 | €4,122 | €2,939 | -€1,183 | -28.7% |
| Accrued charges and deferred income | 492/3 | €43,530 | €48,130 | +€4,600 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,212 | €7,211 | -€3,001 | -29.4% |
| Other operating charges | 640/8 | €510 | €934 | +€424 | +83.1% |
| Non-recurring operating charges | 66A | €225,500 | - | -€225,500 | |
| Gross operating margin | 9900 | -€35,849 | €31,559 | +€67,408 | |
| Operating profit (loss) | 9901 | -€272,071 | €23,414 | +€295,485 | |
| Financial income | 75/76B | €14 | €58 | +€44 | +314% |
| Recurring financial income | 75 | €14 | €58 | +€44 | +314% |
| Financial charges | 65/66B | €4,912 | €4,784 | -€128 | -2.6% |
| Recurring financial charges | 65 | €4,912 | €4,784 | -€128 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€276,969 | €18,688 | +€295,657 | |
| Income taxes | 67/77 | €66 | €244 | +€178 | +270% |
| Profit (loss) for the period | 9904 | -€277,035 | €18,444 | +€295,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€277,035 | €18,444 | +€295,479 |
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 20 October 2026 via checked.be.