Green Grids: 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 Grids
Largest movements
- Tangible fixed assets +€11,211
up €11,211 (+72.6%), from €15,439 to €26,650
- Cash -€1,682
down €1,682 (-24.2%), from €6,939 to €5,257
mainly Investment in fixed assets (net) (-€18,328) and Tax, wage and social debts (-€5,431)
- Receivables within one year +€943
up €943 (+7.7%), from €12,244 to €13,187
of which Trade receivables: +€2,262
- Profit (loss) carried forward +€10,421
up €10,421 (+37.6%), from -€27,682 to -€17,261
- Trade debts +€5,482
up €5,482 (+130%), from €4,207 to €9,689
- Tax, wage and social debts -€5,431
down €5,431 (-37.8%), from €14,364 to €8,933
of which Taxes: -€6,566
- Staff costs +€7,118
up €7,118 (+22.5%), from €31,567 to €38,685
- Gross operating margin +€6,537
up €6,537 (+12.6%), from €52,040 to €58,577
- Taxes -€2,705
down €2,705, from €2,386 to -€320
- Depreciation -€2,685
down €2,685 (-27.4%), from €9,802 to €7,117
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 | €35,889 | €46,361 | +€10,473 | +29.2% |
| Fixed assets | 21/28 | €16,706 | €27,917 | +€11,211 | +67.1% |
| Tangible fixed assets | 22/27 | €15,439 | €26,650 | +€11,211 | +72.6% |
| Furniture and vehicles | 24 | €15,439 | €26,650 | +€11,211 | +72.6% |
| Financial fixed assets | 28 | €1,267 | €1,267 | = | 0.0% |
| Current assets | 29/58 | €19,183 | €18,444 | -€739 | -3.9% |
| Amounts receivable within one year | 40/41 | €12,244 | €13,187 | +€943 | +7.7% |
| Trade receivables | 40 | €3,344 | €5,607 | +€2,262 | +67.7% |
| Other amounts receivable | 41 | €8,899 | €7,580 | -€1,319 | -14.8% |
| Cash at bank and in hand | 54/58 | €6,939 | €5,257 | -€1,682 | -24.2% |
| Total equity and liabilities | 10/49 | €35,889 | €46,361 | +€10,473 | +29.2% |
| Equity | 10/15 | €17,318 | €27,739 | +€10,421 | +60.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,682 | -€17,261 | +€10,421 | +37.6% |
| Amounts payable | 17/49 | €18,571 | €18,622 | +€51 | +0.3% |
| Amounts payable within one year | 42/48 | €18,571 | €18,622 | +€51 | +0.3% |
| Trade debts | 44 | €4,207 | €9,689 | +€5,482 | +130% |
| Suppliers | 440/4 | €4,207 | €9,689 | +€5,482 | +130% |
| Taxes, remuneration and social security | 45 | €14,364 | €8,933 | -€5,431 | -37.8% |
| Taxes | 450/3 | €11,369 | €4,803 | -€6,566 | -57.8% |
| Remuneration and social security | 454/9 | €2,995 | €4,131 | +€1,135 | +37.9% |
| Remuneration, social security and pensions | 62 | €31,567 | €38,685 | +€7,118 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,802 | €7,117 | -€2,685 | -27.4% |
| Other operating charges | 640/8 | €892 | €742 | -€150 | -16.8% |
| Non-recurring operating charges | 66A | - | €1,455 | +€1,455 | |
| Gross operating margin | 9900 | €52,040 | €58,577 | +€6,537 | +12.6% |
| Operating profit (loss) | 9901 | €9,780 | €10,578 | +€798 | +8.2% |
| Financial income | 75/76B | - | €89 | +€89 | |
| Recurring financial income | 75 | - | €89 | +€89 | |
| Financial charges | 65/66B | €544 | €566 | +€22 | +4.0% |
| Recurring financial charges | 65 | €544 | €566 | +€22 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €9,235 | €10,102 | +€866 | +9.4% |
| Income taxes | 67/77 | €2,386 | -€320 | -€2,705 | |
| Profit (loss) for the period | 9904 | €6,850 | €10,421 | +€3,572 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,850 | €10,421 | +€3,572 | +52.1% |
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 29 October 2026 via checked.be.