GREEN DEVELOPMENT: 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.
GREEN DEVELOPMENT
Largest movements
- Receivables within one year +€41,073
up €41,073 (+22.7%), from €181,056 to €222,129
of which Other amounts receivable: +€26,277
- Cash -€36,212
down €36,212 (-69.9%), from €51,832 to €15,620
mainly Other debts (-€89,177) and Receivables within one year (-€41,073)
- Tangible fixed assets -€6,322
down €6,322 (-25.3%), from €24,982 to €18,660
of which Furniture and vehicles: -€8,218
- Other debts -€89,177
down €89,177 (-32.1%), from €277,689 to €188,512
- Trade debts +€76,653
up €76,653 (+174.6%), from €43,907 to €120,559
- Reserves +€21,030
up €21,030 (+44.9%), from €46,885 to €67,915
- Tax, wage and social debts -€5,973
down €5,973 (-49.0%), from €12,178 to €6,205
of which Taxes: -€4,593
- Gross operating margin -€150,432
down €150,432 (-63.1%), from €238,267 to €87,836
- Staff costs -€52,291
down €52,291 (-53.3%), from €98,113 to €45,823
- Depreciation -€11,750
down €11,750 (-50.5%), from €23,272 to €11,522
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.
Cash bridge derived
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 | €401,437 | €401,853 | +€416 | +0.1% |
| Fixed assets | 21/28 | €25,117 | €18,795 | -€6,322 | -25.2% |
| Tangible fixed assets | 22/27 | €24,982 | €18,660 | -€6,322 | -25.3% |
| Plant, machinery and equipment | 23 | €11,339 | €13,234 | +€1,896 | +16.7% |
| Furniture and vehicles | 24 | €13,644 | €5,426 | -€8,218 | -60.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €376,319 | €383,058 | +€6,738 | +1.8% |
| Stocks and contracts in progress | 3 | €130,212 | €131,711 | +€1,499 | +1.2% |
| Stocks | 30/36 | €130,212 | €131,711 | +€1,499 | +1.2% |
| Amounts receivable within one year | 40/41 | €181,056 | €222,129 | +€41,073 | +22.7% |
| Trade receivables | 40 | €92,984 | €107,780 | +€14,796 | +15.9% |
| Other amounts receivable | 41 | €88,072 | €114,349 | +€26,277 | +29.8% |
| Cash at bank and in hand | 54/58 | €51,832 | €15,620 | -€36,212 | -69.9% |
| Deferred charges and accrued income | 490/1 | €13,220 | €13,598 | +€378 | +2.9% |
| Total equity and liabilities | 10/49 | €401,437 | €401,853 | +€416 | +0.1% |
| Equity | 10/15 | €65,485 | €86,515 | +€21,030 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,885 | €67,915 | +€21,030 | +44.9% |
| Distributable reserves | 133 | €46,885 | €67,915 | +€21,030 | +44.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €335,952 | €315,338 | -€20,614 | -6.1% |
| Amounts payable within one year | 42/48 | €333,822 | €315,338 | -€18,484 | -5.5% |
| Financial debts | 43 | €49 | €62 | +€13 | +26.7% |
| Credit institutions | 430/8 | €49 | €62 | +€13 | +26.7% |
| Trade debts | 44 | €43,907 | €120,559 | +€76,653 | +174.6% |
| Suppliers | 440/4 | €43,907 | €120,559 | +€76,653 | +174.6% |
| Taxes, remuneration and social security | 45 | €12,178 | €6,205 | -€5,973 | -49.0% |
| Taxes | 450/3 | €7,849 | €3,256 | -€4,593 | -58.5% |
| Remuneration and social security | 454/9 | €4,329 | €2,949 | -€1,380 | -31.9% |
| Other amounts payable | 47/48 | €277,689 | €188,512 | -€89,177 | -32.1% |
| Accrued charges and deferred income | 492/3 | €2,130 | €0 | -€2,130 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €98,113 | €45,823 | -€52,291 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,272 | €11,522 | -€11,750 | -50.5% |
| Other operating charges | 640/8 | €2,776 | €2,079 | -€697 | -25.1% |
| Gross operating margin | 9900 | €238,267 | €87,836 | -€150,432 | -63.1% |
| Operating profit (loss) | 9901 | €114,106 | €28,411 | -€85,695 | -75.1% |
| Financial income | 75/76B | €101 | €777 | +€676 | +670.9% |
| Recurring financial income | 75 | €101 | €777 | +€676 | +670.9% |
| Financial charges | 65/66B | €238 | €350 | +€112 | +47.1% |
| Recurring financial charges | 65 | €238 | €350 | +€112 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €113,969 | €28,838 | -€85,131 | -74.7% |
| Income taxes | 67/77 | €7,011 | €7,808 | +€797 | +11.4% |
| Profit (loss) for the period | 9904 | €106,958 | €21,030 | -€85,928 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,958 | €21,030 | -€85,928 | -80.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.