GREEN DOLPHIN: 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 DOLPHIN
Largest movements
- Receivables within one year -€45,330
down €45,330 (-51.0%), from €88,911 to €43,581
of which Other amounts receivable: -€42,653
- Cash +€40,403
up €40,403 (+19.8%), from €204,014 to €244,417
mainly Net result for the year (+€48,789) and Receivables within one year (+€45,330)
- Receivables after one year +€24,250
new in 2025: €24,250
- Tangible fixed assets +€4,658
up €4,658 (+668%), from €698 to €5,356
of which Furniture and vehicles: +€5,193
- Deferred charges and accrued income +€3,364
up €3,364 (+914%), from €368 to €3,732
- Reserves +€28,000
up €28,000 (+16.5%), from €170,000 to €198,000
- Gross operating margin +€9,010
up €9,010 (+15.2%), from €59,354 to €68,364
- Taxes +€3,442
up €3,442 (+21.1%), from €16,311 to €19,753
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 | €294,015 | €321,361 | +€27,345 | +9.3% |
| Fixed assets | 21/28 | €723 | €5,381 | +€4,658 | +645% |
| Tangible fixed assets | 22/27 | €698 | €5,356 | +€4,658 | +668% |
| Plant, machinery and equipment | 23 | €698 | €163 | -€535 | -76.7% |
| Furniture and vehicles | 24 | - | €5,193 | +€5,193 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €293,293 | €315,980 | +€22,687 | +7.7% |
| Amounts receivable after more than one year | 29 | - | €24,250 | +€24,250 | |
| Other amounts receivable | 291 | - | €24,250 | +€24,250 | |
| Amounts receivable within one year | 40/41 | €88,911 | €43,581 | -€45,330 | -51.0% |
| Trade receivables | 40 | €17,161 | €14,483 | -€2,677 | -15.6% |
| Other amounts receivable | 41 | €71,750 | €29,097 | -€42,653 | -59.4% |
| Cash at bank and in hand | 54/58 | €204,014 | €244,417 | +€40,403 | +19.8% |
| Deferred charges and accrued income | 490/1 | €368 | €3,732 | +€3,364 | +914% |
| Total equity and liabilities | 10/49 | €294,015 | €321,361 | +€27,345 | +9.3% |
| Equity | 10/15 | €282,946 | €309,635 | +€26,689 | +9.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €170,000 | €198,000 | +€28,000 | +16.5% |
| Distributable reserves | 133 | €170,000 | €198,000 | +€28,000 | +16.5% |
| Profit (loss) carried forward | 14 | €92,486 | €91,175 | -€1,311 | -1.4% |
| Amounts payable | 17/49 | €11,070 | €11,726 | +€656 | +5.9% |
| Amounts payable within one year | 42/48 | €11,030 | €11,685 | +€655 | +5.9% |
| Trade debts | 44 | €989 | €1,175 | +€186 | +18.8% |
| Suppliers | 440/4 | €989 | €1,175 | +€186 | +18.8% |
| Taxes, remuneration and social security | 45 | €7,351 | €6,064 | -€1,287 | -17.5% |
| Taxes | 450/3 | €7,351 | €6,064 | -€1,287 | -17.5% |
| Other amounts payable | 47/48 | €2,690 | €4,446 | +€1,756 | +65.3% |
| Accrued charges and deferred income | 492/3 | €40 | €41 | +€1 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €655 | +€120 | +22.5% |
| Other operating charges | 640/8 | €658 | €639 | -€19 | -2.9% |
| Gross operating margin | 9900 | €59,354 | €68,364 | +€9,010 | +15.2% |
| Operating profit (loss) | 9901 | €58,161 | €67,070 | +€8,909 | +15.3% |
| Financial income | 75/76B | €2,113 | €1,642 | -€472 | -22.3% |
| Recurring financial income | 75 | €2,113 | €1,642 | -€472 | -22.3% |
| Financial charges | 65/66B | €82 | €169 | +€87 | +106% |
| Recurring financial charges | 65 | €82 | €169 | +€87 | +106% |
| Profit (loss) for the period before taxes | 9903 | €60,192 | €68,542 | +€8,350 | +13.9% |
| Income taxes | 67/77 | €16,311 | €19,753 | +€3,442 | +21.1% |
| Profit (loss) for the period | 9904 | €43,881 | €48,789 | +€4,908 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,881 | €48,789 | +€4,908 | +11.2% |
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 19 October 2026 via checked.be.