GREEN EFFICIENCY: 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 EFFICIENCY
Largest movements
- Cash -€77,385
down €77,385 (-75.6%), from €102,318 to €24,934
mainly Contributions, distributions and other (-€107,872) and Current portion of long-term debt (-€10,131)
- Tangible fixed assets -€16,829
down €16,829 (-42.2%), from €39,843 to €23,015
of which Furniture and vehicles: -€17,728
- Reserves -€79,553
down €79,553 (-33.4%), from €238,295 to €158,742
- Current portion of long-term debt -€10,131
down €10,131 (-66.5%), from €15,246 to €5,115
- Debts after one year -€5,115
down €5,115 (-100.0%), from €5,115 to €0
- Gross operating margin -€27,622
down €27,622 (-31.1%), from €88,764 to €61,142
- Taxes -€7,734
down €7,734 (-41.4%), from €18,700 to €10,966
- Depreciation +€1,537
up €1,537 (+7.3%), from €21,106 to €22,643
- Financial charges -€1,393
down €1,393 (-82.4%), from €1,690 to €297
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 | €287,323 | €194,169 | -€93,154 | -32.4% |
| Fixed assets | 21/28 | €44,843 | €28,015 | -€16,829 | -37.5% |
| Tangible fixed assets | 22/27 | €39,843 | €23,015 | -€16,829 | -42.2% |
| Land and buildings | 22 | €2,646 | €2,203 | -€443 | -16.8% |
| Plant, machinery and equipment | 23 | €3,376 | €2,363 | -€1,013 | -30.0% |
| Furniture and vehicles | 24 | €33,821 | €16,093 | -€17,728 | -52.4% |
| Other tangible fixed assets | 26 | - | €2,356 | +€2,356 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €242,479 | €166,154 | -€76,325 | -31.5% |
| Amounts receivable within one year | 40/41 | €18,594 | €19,261 | +€666 | +3.6% |
| Trade receivables | 40 | €18,594 | €18,810 | +€216 | +1.2% |
| Other amounts receivable | 41 | - | €451 | +€451 | |
| Current investments | 50/53 | €120,238 | €120,689 | +€451 | +0.4% |
| Cash at bank and in hand | 54/58 | €102,318 | €24,934 | -€77,385 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,329 | €1,271 | -€58 | -4.3% |
| Total equity and liabilities | 10/49 | €287,323 | €194,169 | -€93,154 | -32.4% |
| Equity | 10/15 | €250,695 | €171,142 | -€79,553 | -31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €238,295 | €158,742 | -€79,553 | -33.4% |
| Distributable reserves | 133 | €238,295 | €158,742 | -€79,553 | -33.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,628 | €23,026 | -€13,601 | -37.1% |
| Amounts payable after more than one year | 17 | €5,115 | €0 | -€5,115 | -100.0% |
| Financial debts | 170/4 | €5,115 | €0 | -€5,115 | -100.0% |
| Amounts payable within one year | 42/48 | €31,459 | €22,359 | -€9,100 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €15,246 | €5,115 | -€10,131 | -66.5% |
| Trade debts | 44 | €2,452 | €4,416 | +€1,964 | +80.1% |
| Suppliers | 440/4 | €2,452 | €4,416 | +€1,964 | +80.1% |
| Taxes, remuneration and social security | 45 | €11,750 | €12,827 | +€1,077 | +9.2% |
| Taxes | 450/3 | €11,750 | €10,052 | -€1,698 | -14.4% |
| Remuneration and social security | 454/9 | €0 | €2,775 | +€2,775 | |
| Other amounts payable | 47/48 | €2,010 | €0 | -€2,010 | -100.0% |
| Accrued charges and deferred income | 492/3 | €54 | €668 | +€614 | +1133.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,106 | €22,643 | +€1,537 | +7.3% |
| Other operating charges | 640/8 | €1,688 | €1,809 | +€121 | +7.2% |
| Gross operating margin | 9900 | €88,764 | €61,142 | -€27,622 | -31.1% |
| Operating profit (loss) | 9901 | €65,970 | €36,690 | -€29,280 | -44.4% |
| Financial income | 75/76B | €3,707 | €2,893 | -€814 | -22.0% |
| Recurring financial income | 75 | €3,707 | €2,893 | -€814 | -22.0% |
| Financial charges | 65/66B | €1,690 | €297 | -€1,393 | -82.4% |
| Recurring financial charges | 65 | €1,690 | €297 | -€1,393 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €67,987 | €39,286 | -€28,702 | -42.2% |
| Income taxes | 67/77 | €18,700 | €10,966 | -€7,734 | -41.4% |
| Profit (loss) for the period | 9904 | €49,287 | €28,319 | -€20,968 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,287 | €28,319 | -€20,968 | -42.5% |
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 10 October 2026 via checked.be.