GREEN DEVILS: 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 DEVILS
Largest movements
- Tangible fixed assets +€100,738
up €100,738 (+36.2%), from €278,050 to €378,788
of which Plant, machinery and equipment: +€104,902
- Cash -€45,361
down €45,361 (-31.7%), from €143,291 to €97,929
mainly Investment in fixed assets (net) (-€114,493) and Net result for the year (-€6,232)
- Receivables after one year -€22,359
down €22,359 (-38.9%), from €57,468 to €35,109
- Other debts +€47,487
up €47,487 (+1120.6%), from €4,238 to €51,725
- Profit (loss) carried forward -€6,232
new in 2024: -€6,232
- Depreciation +€9,591
up €9,591 (+230.3%), from €4,164 to €13,756
- Taxes -€1,288
no longer reported in 2024 (was €1,288)
- Gross operating margin -€1,131
down €1,131 (-17.7%), from €6,402 to €5,271
- Financial income -€1,055
down €1,055 (-26.5%), from €3,988 to €2,933
- Financial charges -€744
down €744 (-85.6%), from €868 to €125
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,549 | €536,003 | +€35,454 | +7.1% |
| Fixed assets | 21/28 | €278,050 | €378,788 | +€100,738 | +36.2% |
| Tangible fixed assets | 22/27 | €278,050 | €378,788 | +€100,738 | +36.2% |
| Land and buildings | 22 | €278,050 | €273,886 | -€4,164 | -1.5% |
| Plant, machinery and equipment | 23 | - | €104,902 | +€104,902 | |
| Current assets | 29/58 | €222,499 | €157,215 | -€65,284 | -29.3% |
| Amounts receivable after more than one year | 29 | €57,468 | €35,109 | -€22,359 | -38.9% |
| Other amounts receivable | 291 | €57,468 | €35,109 | -€22,359 | -38.9% |
| Amounts receivable within one year | 40/41 | €21,741 | €24,177 | +€2,437 | +11.2% |
| Other amounts receivable | 41 | €21,741 | €24,177 | +€2,437 | +11.2% |
| Cash at bank and in hand | 54/58 | €143,291 | €97,929 | -€45,361 | -31.7% |
| Total equity and liabilities | 10/49 | €500,549 | €536,003 | +€35,454 | +7.1% |
| Equity | 10/15 | €451,041 | €444,809 | -€6,232 | -1.4% |
| Contributions | 10/11 | €437,000 | €437,000 | = | 0.0% |
| Capital | 10 | €437,000 | €437,000 | = | 0.0% |
| Issued capital | 100 | €437,000 | €437,000 | = | 0.0% |
| Reserves | 13 | €14,041 | €14,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,041 | €14,041 | = | 0.0% |
| Legal reserve | 130 | €14,041 | €14,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,232 | -€6,232 | |
| Amounts payable | 17/49 | €49,508 | €91,194 | +€41,686 | +84.2% |
| Amounts payable after more than one year | 17 | €37,012 | €32,856 | -€4,156 | -11.2% |
| Financial debts | 170/4 | €12,022 | €7,867 | -€4,156 | -34.6% |
| Other amounts payable | 178/9 | €24,990 | €24,990 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,496 | €58,338 | +€45,842 | +366.9% |
| Current portion of amounts payable after more than one year | 42 | €4,062 | €4,156 | +€94 | +2.3% |
| Trade debts | 44 | €739 | €1,170 | +€431 | +58.3% |
| Suppliers | 440/4 | €739 | €1,170 | +€431 | +58.3% |
| Taxes, remuneration and social security | 45 | €3,457 | €1,288 | -€2,170 | -62.8% |
| Taxes | 450/3 | €3,457 | €1,288 | -€2,170 | -62.8% |
| Other amounts payable | 47/48 | €4,238 | €51,725 | +€47,487 | +1120.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €13,756 | +€9,591 | +230.3% |
| Other operating charges | 640/8 | €533 | €556 | +€22 | +4.2% |
| Gross operating margin | 9900 | €6,402 | €5,271 | -€1,131 | -17.7% |
| Operating profit (loss) | 9901 | €1,705 | -€9,040 | -€10,745 | |
| Financial income | 75/76B | €3,988 | €2,933 | -€1,055 | -26.5% |
| Recurring financial income | 75 | €3,988 | €2,933 | -€1,055 | -26.5% |
| Financial charges | 65/66B | €868 | €125 | -€744 | -85.6% |
| Recurring financial charges | 65 | €868 | €125 | -€744 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €4,824 | -€6,232 | -€11,057 | |
| Income taxes | 67/77 | €1,288 | - | -€1,288 | |
| Profit (loss) for the period | 9904 | €3,537 | -€6,232 | -€9,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,537 | -€6,232 | -€9,769 |
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 4 October 2026 via checked.be.