GREEN-CORNER: what changed
Two fiscal 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.
What changed
GREEN-CORNER
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€471,459
2023 · €1.2m-€773,279
Equity
€46.8m
2023 · €46.3m+€471,459
Cash
€723,437
2023 · €575,072+€148,364
Balance sheet total
€92.5m
2023 · €80.5m+€12.0m
Largest movements
Assets
- Stocks and contracts +€10.1m
up €10.1m (+34.5%), from €29.2m to €39.2m
- Receivables within one year +€2.7m
up €2.7m (+7.3%), from €37.2m to €39.9m
of which Other amounts receivable: +€3.1m
Equity and liabilities
- Short-term financial debts +€9.0m
up €9.0m (+50.0%), from €18.0m to €27.0m
- Advances received +€3.1m
up €3.1m (+653.6%), from €476,060 to €3.6m
- Debts after one year +€1.8m
up €1.8m (+23.9%), from €7.3m to €9.1m
of which Other amounts payable: +€1.8m
- Trade debts -€1.0m
down €1.0m (-95.9%), from €1.1m to €43,442
Income statement
- Turnover -€8.9m
no longer reported in 2024 (was €8.9m)
- Goods and materials -€6.6m
no longer reported in 2024 (was €6.6m)
of which Purchases: -€4.9m
- Gross operating margin +€2.1m
new in 2024: €2.1m
- Other operating income -€1.1m
no longer reported in 2024 (was €1.1m)
- Services and other goods -€591,400
no longer reported in 2024 (was €591,400)
From the 2023 result to the 2024 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.
Result 2023
€1.2m
Turnover
-€8.9m
Other operating income
-€1.1m
Goods and materials
+€6.6m
Services and other goods
+€591,400
Staff costs
-€2,488
Depreciation
-€10,899
Other operating charges
+€122,519
Other operating items
+€2.1m
Financial income
+€33,321
Financial charges
-€442,653
Taxes
+€257,678
Result 2024
€471,459
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€10.9m
Investment
+€509,721
Financing
+€10.5m
Cash 2023
€575,072
From operations (derived)
-€10.9m
Net result for the year
+€471,459
Depreciation
+€359,566
Stocks and contracts
-€10.1m
Receivables within one year
-€2.7m
Smaller working-capital items
-€11,774
Trade debts
-€1.0m
Advances received
+€3.1m
Other debts
-€912,466
Accrued charges and deferred income
-€116,190
Investment (derived)
+€509,721
Investment in fixed assets (net)
+€509,721
Financing
+€10.5m
Debts after one year
+€1.8m
Current portion of long-term debt
-€217,641
Short-term financial debts
+€9.0m
Cash 2024
€723,437
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,503,873 | €92,549,723 | +€12.0m | +15.0% |
| Fixed assets | 21/28 | €12,240,759 | €11,371,473 | -€869,286 | -7.1% |
| Intangible fixed assets | 21 | - | €15,791 | +€15,791 | |
| Tangible fixed assets | 22/27 | €10,623,501 | €10,522,882 | -€100,620 | -0.9% |
| Land and buildings | 22 | €10,616,195 | €10,515,234 | -€100,961 | -1.0% |
| Furniture and vehicles | 24 | €7,120 | €7,648 | +€528 | +7.4% |
| Other tangible fixed assets | 26 | €186 | €0 | -€186 | -100.0% |
| Financial fixed assets | 28 | €1,617,258 | €832,800 | -€784,458 | -48.5% |
| Affiliated companies | 280/1 | €285,800 | - | -€285,800 | |
| Participating interests | 280 | €285,800 | - | -€285,800 | |
| Other financial fixed assets | 284/8 | €1,331,458 | - | -€1.3m | |
| Amounts receivable and cash guarantees | 285/8 | €1,331,458 | - | -€1.3m | |
| Current assets | 29/58 | €68,263,114 | €81,178,250 | +€12.9m | +18.9% |
| Amounts receivable after more than one year | 29 | €1,311,972 | €1,311,972 | = | 0.0% |
| Other amounts receivable | 291 | €1,311,972 | €1,311,972 | = | 0.0% |
| Stocks and contracts in progress | 3 | €29,161,021 | €39,227,335 | +€10.1m | +34.5% |
| Stocks | 30/36 | €29,161,021 | €39,227,335 | +€10.1m | +34.5% |
| Property held for sale | 35 | €29,161,021 | - | -€29.2m | |
| Amounts receivable within one year | 40/41 | €37,155,402 | €39,856,226 | +€2.7m | +7.3% |
| Trade receivables | 40 | €3,914,589 | €3,532,634 | -€381,954 | -9.8% |
| Other amounts receivable | 41 | €33,240,813 | €36,323,591 | +€3.1m | +9.3% |
| Cash at bank and in hand | 54/58 | €575,072 | €723,437 | +€148,364 | +25.8% |
| Deferred charges and accrued income | 490/1 | €59,647 | €59,281 | -€365 | -0.6% |
| Total equity and liabilities | 10/49 | €80,503,873 | €92,549,723 | +€12.0m | +15.0% |
| Equity | 10/15 | €46,336,826 | €46,808,284 | +€471,459 | +1.0% |
| Contributions | 10/11 | €927,122 | €927,122 | = | 0.0% |
| Capital | 10 | €927,122 | €927,122 | = | 0.0% |
| Issued capital | 100 | €927,122 | €927,122 | = | 0.0% |
| Reserves | 13 | €45,409,704 | €45,881,163 | +€471,459 | +1.0% |
| Non-distributable reserves | 130/1 | €92,712 | €92,712 | = | 0.0% |
| Legal reserve | 130 | €92,712 | €92,712 | = | 0.0% |
| Distributable reserves | 133 | €45,316,992 | €45,788,450 | +€471,459 | +1.0% |
| Amounts payable | 17/49 | €34,167,048 | €45,741,439 | +€11.6m | +33.9% |
| Amounts payable after more than one year | 17 | €7,323,056 | €9,073,422 | +€1.8m | +23.9% |
| Financial debts | 170/4 | €2,316,667 | €2,316,667 | = | 0.0% |
| Credit institutions | 173 | €2,316,667 | - | -€2.3m | |
| Other amounts payable | 178/9 | €5,006,389 | €6,756,755 | +€1.8m | +35.0% |
| Amounts payable within one year | 42/48 | €26,687,192 | €36,627,408 | +€9.9m | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €268,795 | €51,154 | -€217,641 | -81.0% |
| Financial debts | 43 | €18,000,000 | €27,000,000 | +€9.0m | +50.0% |
| Credit institutions | 430/8 | €18,000,000 | €27,000,000 | +€9.0m | +50.0% |
| Trade debts | 44 | €1,072,296 | €43,442 | -€1.0m | -95.9% |
| Suppliers | 440/4 | €1,072,296 | €43,442 | -€1.0m | -95.9% |
| Advances received on contracts in progress | 46 | €476,060 | €3,587,375 | +€3.1m | +653.6% |
| Taxes, remuneration and social security | 45 | €85,510 | €73,370 | -€12,140 | -14.2% |
| Taxes | 450/3 | €77,630 | €65,284 | -€12,346 | -15.9% |
| Remuneration and social security | 454/9 | €7,879 | €8,086 | +€206 | +2.6% |
| Other amounts payable | 47/48 | €6,784,532 | €5,872,066 | -€912,466 | -13.4% |
| Accrued charges and deferred income | 492/3 | €156,800 | €40,610 | -€116,190 | -74.1% |
| Operating income | 70/76A | €10,022,568 | - | -€10.0m | |
| Turnover | 70 | €8,948,261 | - | -€8.9m | |
| Other operating income | 74 | €1,074,306 | - | -€1.1m | |
| Operating charges | 60/66A | €7,928,222 | - | -€7.9m | |
| Goods for resale, raw materials and consumables | 60 | €6,578,057 | - | -€6.6m | |
| Purchases | 600/8 | €4,933,097 | - | -€4.9m | |
| Change in stocks: decrease (increase) | 609 | €1,644,960 | - | -€1.6m | |
| Services and other goods | 61 | €591,400 | - | -€591,400 | |
| Remuneration, social security and pensions | 62 | €63,095 | €65,582 | +€2,488 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,666 | €359,566 | +€10,899 | +3.1% |
| Other operating charges | 640/8 | €347,003 | €224,484 | -€122,519 | -35.3% |
| Gross operating margin | 9900 | - | €2,122,354 | +€2.1m | |
| Operating profit (loss) | 9901 | €2,094,346 | €1,472,721 | -€621,625 | -29.7% |
| Financial income | 75/76B | €530,530 | €563,851 | +€33,321 | +6.3% |
| Recurring financial income | 75 | €530,530 | €563,851 | +€33,321 | +6.3% |
| Income from financial fixed assets | 750 | €8 | - | -€8 | |
| Income from current assets | 751 | €488,682 | - | -€488,682 | |
| Other financial income | 752/9 | €41,840 | - | -€41,840 | |
| Financial charges | 65/66B | €964,115 | €1,406,768 | +€442,653 | +45.9% |
| Recurring financial charges | 65 | €964,115 | €1,406,768 | +€442,653 | +45.9% |
| Debt charges | 650 | €765,664 | - | -€765,664 | |
| Other financial charges | 652/9 | €198,451 | - | -€198,451 | |
| Profit (loss) for the period before taxes | 9903 | €1,660,761 | €629,804 | -€1.0m | -62.1% |
| Income taxes | 67/77 | €416,023 | €158,345 | -€257,678 | -61.9% |
| Taxes | 670/3 | €416,023 | - | -€416,023 | |
| Profit (loss) for the period | 9904 | €1,244,738 | €471,459 | -€773,279 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,244,738 | €471,459 | -€773,279 | -62.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.