GREEN HEIM: 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 HEIM
Largest movements
- Current investments +€124,859
up €124,859 (+153%), from €81,440 to €206,299
- Cash -€35,762
down €35,762 (-5.6%), from €633,627 to €597,865
mainly Contributions, distributions and other (-€166,834) and Current investments (-€124,859)
- Reserves +€103,920
up €103,920 (+16.7%), from €620,485 to €724,405
of which Distributable reserves: +€103,920
- Tax, wage and social debts -€20,902
down €20,902 (-35.1%), from €59,473 to €38,572
of which Taxes: -€21,392
- Other debts +€9,974
up €9,974 (+6.3%), from €157,603 to €167,577
- Gross operating margin +€88,677
up €88,677 (+31.0%), from €286,179 to €374,856
- Taxes +€29,758
up €29,758 (+33.8%), from €88,076 to €117,834
- Financial income +€22,850
up €22,850 (+447%), from €5,108 to €27,958
- Financial charges -€4,107
down €4,107 (-73.7%), from €5,569 to €1,462
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 | €860,019 | €954,078 | +€94,059 | +10.9% |
| Fixed assets | 21/28 | €69,318 | €63,712 | -€5,606 | -8.1% |
| Tangible fixed assets | 22/27 | €69,318 | €63,712 | -€5,606 | -8.1% |
| Plant, machinery and equipment | 23 | - | €4,584 | +€4,584 | |
| Furniture and vehicles | 24 | €7,666 | €4,393 | -€3,273 | -42.7% |
| Other tangible fixed assets | 26 | €61,653 | €54,735 | -€6,917 | -11.2% |
| Current assets | 29/58 | €790,701 | €890,366 | +€99,665 | +12.6% |
| Amounts receivable within one year | 40/41 | €75,304 | €84,318 | +€9,013 | +12.0% |
| Trade receivables | 40 | €75,304 | €84,318 | +€9,013 | +12.0% |
| Current investments | 50/53 | €81,440 | €206,299 | +€124,859 | +153% |
| Cash at bank and in hand | 54/58 | €633,627 | €597,865 | -€35,762 | -5.6% |
| Deferred charges and accrued income | 490/1 | €330 | €1,884 | +€1,554 | +471% |
| Total equity and liabilities | 10/49 | €860,019 | €954,078 | +€94,059 | +10.9% |
| Equity | 10/15 | €641,726 | €745,646 | +€103,920 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620,485 | €724,405 | +€103,920 | +16.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €620,485 | €724,405 | +€103,920 | +16.7% |
| Profit (loss) carried forward | 14 | €15,040 | €15,040 | = | 0.0% |
| Amounts payable | 17/49 | €218,294 | €208,433 | -€9,861 | -4.5% |
| Amounts payable within one year | 42/48 | €218,294 | €208,433 | -€9,861 | -4.5% |
| Trade debts | 44 | €1,217 | €2,284 | +€1,067 | +87.7% |
| Suppliers | 440/4 | €1,217 | €2,284 | +€1,067 | +87.7% |
| Taxes, remuneration and social security | 45 | €59,473 | €38,572 | -€20,902 | -35.1% |
| Taxes | 450/3 | €59,473 | €38,082 | -€21,392 | -36.0% |
| Remuneration and social security | 454/9 | - | €490 | +€490 | |
| Other amounts payable | 47/48 | €157,603 | €167,577 | +€9,974 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,671 | €11,106 | +€2,435 | +28.1% |
| Other operating charges | 640/8 | €1,156 | €1,659 | +€503 | +43.5% |
| Gross operating margin | 9900 | €286,179 | €374,856 | +€88,677 | +31.0% |
| Operating profit (loss) | 9901 | €276,353 | €362,092 | +€85,739 | +31.0% |
| Financial income | 75/76B | €5,108 | €27,958 | +€22,850 | +447% |
| Recurring financial income | 75 | €5,108 | €27,958 | +€22,850 | +447% |
| Financial charges | 65/66B | €5,569 | €1,462 | -€4,107 | -73.7% |
| Recurring financial charges | 65 | €5,569 | €1,462 | -€4,107 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €275,892 | €388,588 | +€112,697 | +40.8% |
| Income taxes | 67/77 | €88,076 | €117,834 | +€29,758 | +33.8% |
| Profit (loss) for the period | 9904 | €187,816 | €270,754 | +€82,938 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €187,816 | €270,754 | +€82,938 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.