GREEN ELEVEN: 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 ELEVEN
Largest movements
- Tangible fixed assets -€23,900
down €23,900 (-5.5%), from €432,547 to €408,647
- Other debts -€112,149
no longer reported in 2025 (was €112,149)
- Debts after one year +€85,166
up €85,166 (+26.8%), from €317,838 to €403,003
of which Other amounts payable: +€103,956
- Profit (loss) carried forward +€7,589
up €7,589 (+24.2%), from -€31,371 to -€23,782
- Gross operating margin +€6,853
up €6,853 (+19.6%), from €34,924 to €41,778
- Financial charges -€562
down €562 (-7.0%), from €8,018 to €7,455
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 | €451,213 | €430,365 | -€20,847 | -4.6% |
| Fixed assets | 21/28 | €432,547 | €408,647 | -€23,900 | -5.5% |
| Tangible fixed assets | 22/27 | €432,547 | €408,647 | -€23,900 | -5.5% |
| Land and buildings | 22 | €432,547 | €408,647 | -€23,900 | -5.5% |
| Current assets | 29/58 | €18,665 | €21,718 | +€3,053 | +16.4% |
| Amounts receivable within one year | 40/41 | €4,521 | €5,012 | +€491 | +10.9% |
| Trade receivables | 40 | €4,521 | €5,012 | +€491 | +10.9% |
| Cash at bank and in hand | 54/58 | €10,167 | €13,910 | +€3,742 | +36.8% |
| Deferred charges and accrued income | 490/1 | €3,977 | €2,797 | -€1,180 | -29.7% |
| Total equity and liabilities | 10/49 | €451,213 | €430,365 | -€20,847 | -4.6% |
| Equity | 10/15 | -€1,371 | €6,218 | +€7,589 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,371 | -€23,782 | +€7,589 | +24.2% |
| Amounts payable | 17/49 | €452,584 | €424,148 | -€28,436 | -6.3% |
| Amounts payable after more than one year | 17 | €317,838 | €403,003 | +€85,166 | +26.8% |
| Financial debts | 170/4 | €317,838 | €299,047 | -€18,790 | -5.9% |
| Other amounts payable | 178/9 | - | €103,956 | +€103,956 | |
| Amounts payable within one year | 42/48 | €134,747 | €21,145 | -€113,602 | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €18,478 | €18,790 | +€313 | +1.7% |
| Trade debts | 44 | €1,890 | €30 | -€1,860 | -98.4% |
| Suppliers | 440/4 | €1,890 | €30 | -€1,860 | -98.4% |
| Taxes, remuneration and social security | 45 | €2,230 | €2,324 | +€94 | +4.2% |
| Taxes | 450/3 | €2,230 | €2,324 | +€94 | +4.2% |
| Other amounts payable | 47/48 | €112,149 | - | -€112,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,900 | €23,900 | = | 0.0% |
| Other operating charges | 640/8 | €2,749 | €2,833 | +€85 | +3.1% |
| Gross operating margin | 9900 | €34,924 | €41,778 | +€6,853 | +19.6% |
| Operating profit (loss) | 9901 | €8,276 | €15,044 | +€6,769 | +81.8% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €8,018 | €7,455 | -€562 | -7.0% |
| Recurring financial charges | 65 | €8,018 | €7,455 | -€562 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €293 | €7,589 | +€7,296 | +2,492% |
| Profit (loss) for the period | 9904 | €293 | €7,589 | +€7,296 | +2,492% |
| Profit (loss) for the period to be appropriated | 9905 | €293 | €7,589 | +€7,296 | +2,492% |
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 30 October 2026 via checked.be.