GREEN BRIDGE: 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 BRIDGE
Largest movements
- Receivables after one year +€30,000
new in 2025: €30,000
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets +€27,370
up €27,370 (+30.2%), from €90,628 to €117,997
of which Other tangible fixed assets: +€112,976
- Deferred charges and accrued income -€24,739
down €24,739 (-49.8%), from €49,725 to €24,987
- Receivables within one year +€16,272
up €16,272 (+64.8%), from €25,120 to €41,392
of which Other amounts receivable: +€8,997
- Other debts +€21,247
up €21,247 (+22.0%), from €96,404 to €117,651
- Current portion of long-term debt +€10,754
up €10,754 (+49.5%), from €21,732 to €32,486
- Debts after one year -€7,202
down €7,202 (-12.3%), from €58,673 to €51,470
- Trade debts -€4,723
down €4,723 (-69.9%), from €6,753 to €2,030
- Tax, wage and social debts -€4,096
down €4,096 (-50.9%), from €8,041 to €3,945
- Gross operating margin -€17,768
down €17,768 (-10.1%), from €176,041 to €158,274
- Taxes -€4,059
down €4,059 (-10.9%), from €37,199 to €33,141
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 | €218,176 | €235,468 | +€17,292 | +7.9% |
| Fixed assets | 21/28 | €90,778 | €118,147 | +€27,370 | +30.2% |
| Tangible fixed assets | 22/27 | €90,628 | €117,997 | +€27,370 | +30.2% |
| Plant, machinery and equipment | 23 | €0 | €5,022 | +€5,022 | |
| Furniture and vehicles | 24 | €63 | €0 | -€63 | -100% |
| Other tangible fixed assets | 26 | - | €112,976 | +€112,976 | |
| Assets under construction and advance payments | 27 | €90,565 | €0 | -€90,565 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €127,398 | €117,321 | -€10,077 | -7.9% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €25,120 | €41,392 | +€16,272 | +64.8% |
| Trade receivables | 40 | €22,194 | €29,469 | +€7,276 | +32.8% |
| Other amounts receivable | 41 | €2,926 | €11,923 | +€8,997 | +307% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €22,553 | €20,942 | -€1,611 | -7.1% |
| Deferred charges and accrued income | 490/1 | €49,725 | €24,987 | -€24,739 | -49.8% |
| Total equity and liabilities | 10/49 | €218,176 | €235,468 | +€17,292 | +7.9% |
| Equity | 10/15 | €1,500 | €1,500 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €216,676 | €233,968 | +€17,292 | +8.0% |
| Amounts payable after more than one year | 17 | €58,673 | €51,470 | -€7,202 | -12.3% |
| Financial debts | 170/4 | €58,673 | €51,470 | -€7,202 | -12.3% |
| Amounts payable within one year | 42/48 | €158,001 | €182,498 | +€24,497 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €21,732 | €32,486 | +€10,754 | +49.5% |
| Financial debts | 43 | €25,071 | €26,387 | +€1,315 | +5.2% |
| Credit institutions | 430/8 | €25,071 | €26,387 | +€1,315 | +5.2% |
| Trade debts | 44 | €6,753 | €2,030 | -€4,723 | -69.9% |
| Suppliers | 440/4 | €6,753 | €2,030 | -€4,723 | -69.9% |
| Taxes, remuneration and social security | 45 | €8,041 | €3,945 | -€4,096 | -50.9% |
| Taxes | 450/3 | €8,041 | €3,945 | -€4,096 | -50.9% |
| Other amounts payable | 47/48 | €96,404 | €117,651 | +€21,247 | +22.0% |
| Accrued charges and deferred income | 492/3 | €3 | €0 | -€3 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,685 | €4,571 | -€114 | -2.4% |
| Other operating charges | 640/8 | €1,144 | €1,129 | -€15 | -1.3% |
| Gross operating margin | 9900 | €176,041 | €158,274 | -€17,768 | -10.1% |
| Operating profit (loss) | 9901 | €170,212 | €152,573 | -€17,639 | -10.4% |
| Financial income | 75/76B | €967 | €314 | -€653 | -67.5% |
| Recurring financial income | 75 | €967 | €314 | -€653 | -67.5% |
| Financial charges | 65/66B | €3,139 | €4,628 | +€1,489 | +47.4% |
| Recurring financial charges | 65 | €3,139 | €4,628 | +€1,489 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €168,040 | €148,259 | -€19,782 | -11.8% |
| Income taxes | 67/77 | €37,199 | €33,141 | -€4,059 | -10.9% |
| Profit (loss) for the period | 9904 | €130,841 | €115,118 | -€15,723 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,841 | €115,118 | -€15,723 | -12.0% |
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 13 October 2026 via checked.be.