GREEN CREATION: 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 CREATION
Largest movements
- Cash +€76,391
up €76,391 (+35.1%), from €217,429 to €293,820
mainly Depreciation (+€65,275) and Receivables within one year (+€36,489)
- Receivables within one year -€36,489
down €36,489 (-21.2%), from €172,322 to €135,833
of which Trade receivables: -€44,847
- Tangible fixed assets +€34,830
up €34,830 (+26.1%), from €133,340 to €168,170
of which Furniture and vehicles: +€20,490
- Reserves +€35,000
up €35,000 (+12.5%), from €280,692 to €315,692
- Debts after one year +€33,802
new in 2025: €33,802
- Tax, wage and social debts -€20,083
down €20,083 (-69.3%), from €28,964 to €8,882
of which Taxes: -€14,449
- Trade debts +€15,573
up €15,573 (+54.4%), from €28,644 to €44,216
- Staff costs -€30,846
down €30,846 (-28.4%), from €108,732 to €77,886
- Gross operating margin -€27,145
down €27,145 (-12.2%), from €222,268 to €195,124
- Depreciation +€7,091
up €7,091 (+12.2%), from €58,184 to €65,275
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 | €526,800 | €601,733 | +€74,933 | +14.2% |
| Fixed assets | 21/28 | €133,340 | €168,170 | +€34,830 | +26.1% |
| Tangible fixed assets | 22/27 | €133,340 | €168,170 | +€34,830 | +26.1% |
| Plant, machinery and equipment | 23 | €70,719 | €85,590 | +€14,871 | +21.0% |
| Furniture and vehicles | 24 | €60,212 | €80,701 | +€20,490 | +34.0% |
| Other tangible fixed assets | 26 | €2,409 | €1,879 | -€531 | -22.0% |
| Current assets | 29/58 | €393,460 | €433,563 | +€40,103 | +10.2% |
| Amounts receivable within one year | 40/41 | €172,322 | €135,833 | -€36,489 | -21.2% |
| Trade receivables | 40 | €155,240 | €110,393 | -€44,847 | -28.9% |
| Other amounts receivable | 41 | €17,082 | €25,440 | +€8,358 | +48.9% |
| Cash at bank and in hand | 54/58 | €217,429 | €293,820 | +€76,391 | +35.1% |
| Deferred charges and accrued income | 490/1 | €3,709 | €3,911 | +€201 | +5.4% |
| Total equity and liabilities | 10/49 | €526,800 | €601,733 | +€74,933 | +14.2% |
| Equity | 10/15 | €306,543 | €341,857 | +€35,313 | +11.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €280,692 | €315,692 | +€35,000 | +12.5% |
| Distributable reserves | 133 | €280,692 | €315,692 | +€35,000 | +12.5% |
| Profit (loss) carried forward | 14 | €5,391 | €5,705 | +€313 | +5.8% |
| Amounts payable | 17/49 | €220,257 | €259,877 | +€39,620 | +18.0% |
| Amounts payable after more than one year | 17 | - | €33,802 | +€33,802 | |
| Financial debts | 170/4 | - | €33,802 | +€33,802 | |
| Amounts payable within one year | 42/48 | €220,257 | €226,075 | +€5,818 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €2,362 | €8,373 | +€6,012 | +255% |
| Trade debts | 44 | €28,644 | €44,216 | +€15,573 | +54.4% |
| Suppliers | 440/4 | €28,644 | €44,216 | +€15,573 | +54.4% |
| Taxes, remuneration and social security | 45 | €28,964 | €8,882 | -€20,083 | -69.3% |
| Taxes | 450/3 | €15,073 | €624 | -€14,449 | -95.9% |
| Remuneration and social security | 454/9 | €13,892 | €8,258 | -€5,634 | -40.6% |
| Other amounts payable | 47/48 | €160,287 | €164,603 | +€4,316 | +2.7% |
| Non-recurring operating income | 76A | €5,372 | €4,076 | -€1,296 | -24.1% |
| Remuneration, social security and pensions | 62 | €108,732 | €77,886 | -€30,846 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,184 | €65,275 | +€7,091 | +12.2% |
| Other operating charges | 640/8 | €2,066 | €2,766 | +€700 | +33.9% |
| Non-recurring operating charges | 66A | €2,440 | - | -€2,440 | |
| Gross operating margin | 9900 | €222,268 | €195,124 | -€27,145 | -12.2% |
| Operating profit (loss) | 9901 | €50,847 | €49,196 | -€1,651 | -3.2% |
| Financial income | 75/76B | - | €252 | +€252 | |
| Recurring financial income | 75 | - | €252 | +€252 | |
| Financial charges | 65/66B | €104 | €590 | +€486 | +468% |
| Recurring financial charges | 65 | €104 | €590 | +€486 | +468% |
| Profit (loss) for the period before taxes | 9903 | €50,743 | €48,858 | -€1,885 | -3.7% |
| Income taxes | 67/77 | €14,073 | €13,545 | -€528 | -3.8% |
| Profit (loss) for the period | 9904 | €36,670 | €35,313 | -€1,357 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,670 | €35,313 | -€1,357 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.