GREEN ENERGY DEVELOPMENT: 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 ENERGY DEVELOPMENT
Largest movements
- Receivables within one year -€8,349
down €8,349 (-84.7%), from €9,862 to €1,513
of which Trade receivables: -€8,349
- Stocks and contracts -€8,039
down €8,039 (-86.3%), from €9,314 to €1,274
- Cash +€2,749
up €2,749 (+29.3%), from €9,372 to €12,120
mainly Receivables within one year (+€8,349) and Stocks and contracts (+€8,039)
- Reserves -€9,360
down €9,360 (-48.1%), from €19,454 to €10,093
- Trade debts -€4,874
down €4,874 (-84.6%), from €5,761 to €887
- Other debts +€647
up €647 (+44.3%), from €1,459 to €2,106
- Tax, wage and social debts -€302
down €302 (-19.6%), from €1,539 to €1,237
- Gross operating margin -€13,021
down €13,021 (-74.0%), from €17,587 to €4,566
- Taxes -€2,932
down €2,932 (-74.6%), from €3,929 to €997
- Write-downs -€1,648
no longer reported in 2025 (was €1,648)
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 | €28,962 | €15,073 | -€13,889 | -48.0% |
| Fixed assets | 21/28 | €415 | €166 | -€250 | -60.1% |
| Tangible fixed assets | 22/27 | €415 | €166 | -€250 | -60.1% |
| Plant, machinery and equipment | 23 | €415 | €166 | -€250 | -60.1% |
| Current assets | 29/58 | €28,547 | €14,908 | -€13,639 | -47.8% |
| Stocks and contracts in progress | 3 | €9,314 | €1,274 | -€8,039 | -86.3% |
| Stocks | 30/36 | €9,314 | €1,274 | -€8,039 | -86.3% |
| Amounts receivable within one year | 40/41 | €9,862 | €1,513 | -€8,349 | -84.7% |
| Trade receivables | 40 | €9,791 | €1,442 | -€8,349 | -85.3% |
| Other amounts receivable | 41 | €71 | €71 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,372 | €12,120 | +€2,749 | +29.3% |
| Total equity and liabilities | 10/49 | €28,962 | €15,073 | -€13,889 | -48.0% |
| Equity | 10/15 | €20,204 | €10,843 | -€9,360 | -46.3% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Reserves | 13 | €19,454 | €10,093 | -€9,360 | -48.1% |
| Distributable reserves | 133 | €19,454 | €10,093 | -€9,360 | -48.1% |
| Amounts payable | 17/49 | €8,759 | €4,230 | -€4,529 | -51.7% |
| Amounts payable within one year | 42/48 | €8,759 | €4,230 | -€4,529 | -51.7% |
| Trade debts | 44 | €5,761 | €887 | -€4,874 | -84.6% |
| Suppliers | 440/4 | €5,761 | €887 | -€4,874 | -84.6% |
| Taxes, remuneration and social security | 45 | €1,539 | €1,237 | -€302 | -19.6% |
| Taxes | 450/3 | €1,539 | €1,237 | -€302 | -19.6% |
| Other amounts payable | 47/48 | €1,459 | €2,106 | +€647 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,648 | - | -€1,648 | |
| Other operating charges | 640/8 | €578 | €544 | -€34 | -5.9% |
| Gross operating margin | 9900 | €17,587 | €4,566 | -€13,021 | -74.0% |
| Operating profit (loss) | 9901 | €15,111 | €3,773 | -€11,339 | -75.0% |
| Financial income | 75/76B | €10 | €0 | -€10 | -95.6% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -95.6% |
| Financial charges | 65/66B | €73 | €136 | +€64 | +87.6% |
| Recurring financial charges | 65 | €73 | €136 | +€64 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €15,049 | €3,636 | -€11,412 | -75.8% |
| Income taxes | 67/77 | €3,929 | €997 | -€2,932 | -74.6% |
| Profit (loss) for the period | 9904 | €11,120 | €2,640 | -€8,480 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,120 | €2,640 | -€8,480 | -76.3% |
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 17 October 2026 via checked.be.