GREEN ESTATE: 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 ESTATE
Largest movements
- Tangible fixed assets +€394,375
up €394,375 (+25.4%), from €1.6m to €1.9m
- Other debts +€449,316
up €449,316 (+85.4%), from €526,103 to €975,419
- Profit (loss) carried forward -€206,434
down €206,434 (-38.5%), from -€536,163 to -€742,596
- Short-term financial debts +€197,957
new in 2025: €197,957
- Debts after one year -€62,652
down €62,652 (-4.4%), from €1.4m to €1.4m
of which Financial debts: -€70,152
- Advances received -€33,880
no longer reported in 2025 (was €33,880)
- Other operating charges -€61,907
down €61,907 (-64.8%), from €95,520 to €33,612
- Depreciation -€60,032
down €60,032 (-41.0%), from €146,462 to €86,430
- Financial charges -€33,064
down €33,064 (-34.7%), from €95,409 to €62,345
- Gross operating margin +€24,673
up €24,673 (+50.6%), from -€48,720 to -€24,047
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 | €1,658,576 | €2,046,793 | +€388,216 | +23.4% |
| Fixed assets | 21/28 | €1,555,754 | €1,950,129 | +€394,375 | +25.3% |
| Tangible fixed assets | 22/27 | €1,554,754 | €1,949,129 | +€394,375 | +25.4% |
| Land and buildings | 22 | €1,554,754 | €1,949,129 | +€394,375 | +25.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €102,823 | €96,664 | -€6,159 | -6.0% |
| Amounts receivable within one year | 40/41 | €93,294 | €92,430 | -€864 | -0.9% |
| Trade receivables | 40 | €66,902 | €67,177 | +€275 | +0.4% |
| Other amounts receivable | 41 | €26,392 | €25,254 | -€1,139 | -4.3% |
| Cash at bank and in hand | 54/58 | €5,891 | €2,314 | -€3,577 | -60.7% |
| Deferred charges and accrued income | 490/1 | €3,638 | €1,919 | -€1,719 | -47.2% |
| Total equity and liabilities | 10/49 | €1,658,576 | €2,046,793 | +€388,216 | +23.4% |
| Equity | 10/15 | -€486,163 | -€692,596 | -€206,434 | -42.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€536,163 | -€742,596 | -€206,434 | -38.5% |
| Amounts payable | 17/49 | €2,144,739 | €2,739,389 | +€594,650 | +27.7% |
| Amounts payable after more than one year | 17 | €1,425,519 | €1,362,867 | -€62,652 | -4.4% |
| Financial debts | 170/4 | €1,275,519 | €1,205,367 | -€70,152 | -5.5% |
| Other amounts payable | 178/9 | €150,000 | €157,500 | +€7,500 | +5.0% |
| Amounts payable within one year | 42/48 | €714,487 | €1,373,516 | +€659,029 | +92.2% |
| Current portion of amounts payable after more than one year | 42 | €85,650 | €73,579 | -€12,071 | -14.1% |
| Financial debts | 43 | - | €197,957 | +€197,957 | |
| Credit institutions | 430/8 | - | €197,957 | +€197,957 | |
| Trade debts | 44 | €68,854 | €96,445 | +€27,591 | +40.1% |
| Suppliers | 440/4 | €68,854 | €96,445 | +€27,591 | +40.1% |
| Advances received on contracts in progress | 46 | €33,880 | - | -€33,880 | |
| Taxes, remuneration and social security | 45 | - | €30,116 | +€30,116 | |
| Taxes | 450/3 | - | €30,116 | +€30,116 | |
| Other amounts payable | 47/48 | €526,103 | €975,419 | +€449,316 | +85.4% |
| Accrued charges and deferred income | 492/3 | €4,733 | €3,006 | -€1,727 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,462 | €86,430 | -€60,032 | -41.0% |
| Other operating charges | 640/8 | €95,520 | €33,612 | -€61,907 | -64.8% |
| Gross operating margin | 9900 | -€48,720 | -€24,047 | +€24,673 | +50.6% |
| Operating profit (loss) | 9901 | -€290,702 | -€144,089 | +€146,613 | +50.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €95,409 | €62,345 | -€33,064 | -34.7% |
| Recurring financial charges | 65 | €95,409 | €62,345 | -€33,064 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€386,110 | -€206,434 | +€179,677 | +46.5% |
| Profit (loss) for the period | 9904 | -€386,110 | -€206,434 | +€179,677 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€386,110 | -€206,434 | +€179,677 | +46.5% |
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 22 October 2026 via checked.be.