Green Island Technics: 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 Island Technics
Largest movements
- Cash -€34,904
down €34,904 (-54.7%), from €63,830 to €28,926
mainly Net result for the year (-€28,886) and Stocks and contracts (-€24,963)
- Receivables within one year -€28,137
down €28,137 (-46.0%), from €61,154 to €33,018
of which Trade receivables: -€23,339
- Stocks and contracts +€24,963
up €24,963 (+51.5%), from €48,457 to €73,420
- Tangible fixed assets -€5,396
down €5,396 (-19.2%), from €28,056 to €22,660
of which Furniture and vehicles: -€7,942
- Financial fixed assets -€2,685
down €2,685 (-100%), from €2,685 to €0
- Profit (loss) carried forward -€25,510
new in 2025: -€25,510
- Debts after one year -€17,589
down €17,589 (-54.8%), from €32,098 to €14,509
- Advances received +€8,000
up €8,000 (+50.0%), from €16,000 to €24,000
- Trade debts -€7,614
down €7,614 (-59.6%), from €12,779 to €5,165
- Other debts -€3,564
down €3,564 (-11.4%), from €31,194 to €27,630
- Gross operating margin -€46,500
down €46,500, from €37,084 to -€9,416
- Taxes -€1,051
down €1,051 (-17.4%), from €6,051 to €5,000
- Depreciation -€530
down €530 (-5.7%), from €9,228 to €8,699
- Financial charges +€427
up €427 (+9.5%), from €4,488 to €4,915
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 | €205,161 | €159,006 | -€46,154 | -22.5% |
| Fixed assets | 21/28 | €30,741 | €22,660 | -€8,081 | -26.3% |
| Tangible fixed assets | 22/27 | €28,056 | €22,660 | -€5,396 | -19.2% |
| Plant, machinery and equipment | 23 | €1,656 | €972 | -€684 | -41.3% |
| Furniture and vehicles | 24 | €26,400 | €18,458 | -€7,942 | -30.1% |
| Other tangible fixed assets | 26 | - | €3,230 | +€3,230 | |
| Financial fixed assets | 28 | €2,685 | €0 | -€2,685 | -100% |
| Current assets | 29/58 | €174,420 | €136,346 | -€38,074 | -21.8% |
| Stocks and contracts in progress | 3 | €48,457 | €73,420 | +€24,963 | +51.5% |
| Stocks | 30/36 | €48,457 | €73,420 | +€24,963 | +51.5% |
| Amounts receivable within one year | 40/41 | €61,154 | €33,018 | -€28,137 | -46.0% |
| Trade receivables | 40 | €56,343 | €33,004 | -€23,339 | -41.4% |
| Other amounts receivable | 41 | €4,811 | €14 | -€4,797 | -99.7% |
| Cash at bank and in hand | 54/58 | €63,830 | €28,926 | -€34,904 | -54.7% |
| Deferred charges and accrued income | 490/1 | €979 | €983 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €205,161 | €159,006 | -€46,154 | -22.5% |
| Equity | 10/15 | €65,959 | €37,074 | -€28,886 | -43.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,959 | €52,584 | -€3,375 | -6.0% |
| Distributable reserves | 133 | €55,959 | €52,584 | -€3,375 | -6.0% |
| Profit (loss) carried forward | 14 | - | -€25,510 | -€25,510 | |
| Amounts payable | 17/49 | €139,201 | €121,932 | -€17,269 | -12.4% |
| Amounts payable after more than one year | 17 | €32,098 | €14,509 | -€17,589 | -54.8% |
| Financial debts | 170/4 | €32,098 | €14,509 | -€17,589 | -54.8% |
| Amounts payable within one year | 42/48 | €107,103 | €107,423 | +€320 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €17,164 | €17,589 | +€425 | +2.5% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €12,779 | €5,165 | -€7,614 | -59.6% |
| Suppliers | 440/4 | €12,779 | €5,165 | -€7,614 | -59.6% |
| Advances received on contracts in progress | 46 | €16,000 | €24,000 | +€8,000 | +50.0% |
| Taxes, remuneration and social security | 45 | €9,966 | €13,039 | +€3,073 | +30.8% |
| Taxes | 450/3 | €9,966 | €10,611 | +€645 | +6.5% |
| Remuneration and social security | 454/9 | - | €2,428 | +€2,428 | |
| Other amounts payable | 47/48 | €31,194 | €27,630 | -€3,564 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,228 | €8,699 | -€530 | -5.7% |
| Other operating charges | 640/8 | €958 | €1,053 | +€95 | +9.9% |
| Non-recurring operating charges | 66A | €1,537 | €0 | -€1,537 | -100% |
| Gross operating margin | 9900 | €37,084 | -€9,416 | -€46,500 | |
| Operating profit (loss) | 9901 | €25,361 | -€19,168 | -€44,529 | |
| Financial income | 75/76B | €485 | €198 | -€287 | -59.2% |
| Recurring financial income | 75 | €485 | €198 | -€287 | -59.2% |
| Financial charges | 65/66B | €4,488 | €4,915 | +€427 | +9.5% |
| Recurring financial charges | 65 | €4,488 | €4,915 | +€427 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €21,358 | -€23,886 | -€45,244 | |
| Income taxes | 67/77 | €6,051 | €5,000 | -€1,051 | -17.4% |
| Profit (loss) for the period | 9904 | €15,307 | -€28,886 | -€44,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,307 | -€28,886 | -€44,193 |
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.