GREEN EVOLUTION: what changed
Two fiscal 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 EVOLUTION
Largest movements
- Cash -€50,526
down €50,526 (-38.5%), from €131,324 to €80,799
mainly Trade debts (-€32,875) and Debts after one year (-€21,630)
- Tangible fixed assets -€20,909
down €20,909 (-7.2%), from €291,036 to €270,127
of which Other tangible fixed assets: -€10,799
- Trade debts -€32,875
down €32,875 (-30.1%), from €109,381 to €76,507
- Debts after one year -€21,630
down €21,630 (-9.2%), from €236,389 to €214,759
- Tax, wage and social debts -€13,358
down €13,358 (-21.2%), from €62,968 to €49,610
of which Remuneration and social security: -€10,040
- Gross operating margin -€37,648
down €37,648 (-11.3%), from €332,708 to €295,060
- Other operating charges -€37,595
down €37,595 (-91.3%), from €41,194 to €3,600
- Staff costs +€8,900
up €8,900 (+3.8%), from €234,464 to €243,365
- Financial charges -€4,899
down €4,899 (-29.3%), from €16,726 to €11,828
of which Financial charges: -€6,417
- Taxes -€3,607
down €3,607 (-85.4%), from €4,222 to €616
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €607,671 | €536,020 | -€71,651 | -11.8% |
| Fixed assets | 21/28 | €292,766 | €271,858 | -€20,909 | -7.1% |
| Tangible fixed assets | 22/27 | €291,036 | €270,127 | -€20,909 | -7.2% |
| Land and buildings | 22 | €117,243 | €113,343 | -€3,900 | -3.3% |
| Plant, machinery and equipment | 23 | €24,460 | €16,582 | -€7,878 | -32.2% |
| Furniture and vehicles | 24 | €2,138 | €3,806 | +€1,668 | +78.0% |
| Other tangible fixed assets | 26 | €147,195 | €136,396 | -€10,799 | -7.3% |
| Financial fixed assets | 28 | €1,731 | €1,731 | = | 0.0% |
| Current assets | 29/58 | €314,905 | €264,162 | -€50,742 | -16.1% |
| Stocks and contracts in progress | 3 | €128,733 | €130,214 | +€1,481 | +1.2% |
| Stocks | 30/36 | €128,733 | €130,214 | +€1,481 | +1.2% |
| Amounts receivable within one year | 40/41 | €50,012 | €49,321 | -€691 | -1.4% |
| Trade receivables | 40 | €48,828 | €44,249 | -€4,579 | -9.4% |
| Other amounts receivable | 41 | €1,184 | €5,072 | +€3,888 | +328.3% |
| Cash at bank and in hand | 54/58 | €131,324 | €80,799 | -€50,526 | -38.5% |
| Deferred charges and accrued income | 490/1 | €4,835 | €3,828 | -€1,007 | -20.8% |
| Total equity and liabilities | 10/49 | €607,671 | €536,020 | -€71,651 | -11.8% |
| Equity | 10/15 | €159,884 | €160,221 | +€337 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €139,424 | €139,761 | +€337 | +0.2% |
| Amounts payable | 17/49 | €447,787 | €375,800 | -€71,987 | -16.1% |
| Amounts payable after more than one year | 17 | €236,389 | €214,759 | -€21,630 | -9.2% |
| Financial debts | 170/4 | €236,389 | €214,759 | -€21,630 | -9.2% |
| Amounts payable within one year | 42/48 | €211,398 | €161,041 | -€50,357 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €23,500 | €21,630 | -€1,869 | -8.0% |
| Trade debts | 44 | €109,381 | €76,507 | -€32,875 | -30.1% |
| Suppliers | 440/4 | €109,381 | €76,507 | -€32,875 | -30.1% |
| Advances received on contracts in progress | 46 | €113 | €113 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,968 | €49,610 | -€13,358 | -21.2% |
| Taxes | 450/3 | €8,892 | €5,574 | -€3,318 | -37.3% |
| Remuneration and social security | 454/9 | €54,076 | €44,036 | -€10,040 | -18.6% |
| Other amounts payable | 47/48 | €15,436 | €13,181 | -€2,255 | -14.6% |
| Remuneration, social security and pensions | 62 | €234,464 | €243,365 | +€8,900 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,372 | €21,761 | +€389 | +1.8% |
| Other operating charges | 640/8 | €41,194 | €3,600 | -€37,595 | -91.3% |
| Non-recurring operating charges | 66A | - | €13,839 | +€13,839 | |
| Gross operating margin | 9900 | €332,708 | €295,060 | -€37,648 | -11.3% |
| Operating profit (loss) | 9901 | €35,677 | €12,496 | -€23,182 | -65.0% |
| Financial income | 75/76B | €3,172 | €284 | -€2,888 | -91.0% |
| Recurring financial income | 75 | €3,172 | €284 | -€2,888 | -91.0% |
| Financial charges | 65/66B | €16,726 | €11,828 | -€4,899 | -29.3% |
| Recurring financial charges | 65 | €16,726 | €10,309 | -€6,417 | -38.4% |
| Non-recurring financial charges | 66B | - | €1,518 | +€1,518 | |
| Profit (loss) for the period before taxes | 9903 | €22,123 | €952 | -€21,171 | -95.7% |
| Income taxes | 67/77 | €4,222 | €616 | -€3,607 | -85.4% |
| Profit (loss) for the period | 9904 | €17,901 | €337 | -€17,564 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,901 | €337 | -€17,564 | -98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.