GREEN LAGOON: 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 LAGOON
Largest movements
- Receivables within one year -€15,506
down €15,506 (-18.0%), from €86,222 to €70,716
of which Trade receivables: -€28,920
- Stocks and contracts -€5,938
down €5,938 (-70.7%), from €8,402 to €2,464
- Cash -€4,937
no longer reported in 2025 (was €4,937)
mainly Other debts (-€18,632) and Tax, wage and social debts (-€6,997)
- Other debts -€18,632
no longer reported in 2025 (was €18,632)
- Tax, wage and social debts -€6,997
down €6,997 (-42.5%), from €16,482 to €9,485
of which Taxes: -€8,817
- Trade debts +€3,965
up €3,965 (+19.4%), from €20,472 to €24,437
- Provisions -€2,855
down €2,855 (-15.7%), from €18,203 to €15,348
- Accrued charges and deferred income -€2,095
no longer reported in 2025 (was €2,095)
- Gross operating margin -€26,061
down €26,061 (-32.9%), from €79,292 to €53,231
- Taxes -€5,434
down €5,434 (-77.6%), from €7,005 to €1,572
- Staff costs +€1,946
up €1,946 (+3.8%), from €50,989 to €52,935
- Depreciation +€882
up €882 (+76.1%), from €1,158 to €2,040
- Other operating charges -€838
down €838 (-83.4%), from €1,005 to €167
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 | €106,528 | €79,338 | -€27,190 | -25.5% |
| Fixed assets | 21/28 | €6,967 | €6,157 | -€809 | -11.6% |
| Tangible fixed assets | 22/27 | €6,787 | €5,977 | -€809 | -11.9% |
| Furniture and vehicles | 24 | €6,307 | €5,737 | -€569 | -9.0% |
| Other tangible fixed assets | 26 | €480 | €240 | -€240 | -50.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €99,561 | €73,181 | -€26,380 | -26.5% |
| Stocks and contracts in progress | 3 | €8,402 | €2,464 | -€5,938 | -70.7% |
| Stocks | 30/36 | €8,402 | €2,464 | -€5,938 | -70.7% |
| Amounts receivable within one year | 40/41 | €86,222 | €70,716 | -€15,506 | -18.0% |
| Trade receivables | 40 | €73,678 | €44,758 | -€28,920 | -39.3% |
| Other amounts receivable | 41 | €12,544 | €25,958 | +€13,415 | +107% |
| Cash at bank and in hand | 54/58 | €4,937 | - | -€4,937 | |
| Total equity and liabilities | 10/49 | €106,528 | €79,338 | -€27,190 | -25.5% |
| Equity | 10/15 | €30,644 | €29,588 | -€1,056 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,584 | €21,528 | -€1,056 | -4.7% |
| Provisions and deferred taxes | 16 | €18,203 | €15,348 | -€2,855 | -15.7% |
| Provisions for liabilities and charges | 160/5 | €18,203 | €15,348 | -€2,855 | -15.7% |
| Environmental obligations | 163 | €18,203 | €15,348 | -€2,855 | -15.7% |
| Amounts payable | 17/49 | €57,681 | €34,402 | -€23,279 | -40.4% |
| Amounts payable within one year | 42/48 | €55,586 | €34,402 | -€21,184 | -38.1% |
| Financial debts | 43 | - | €480 | +€480 | |
| Credit institutions | 430/8 | - | €480 | +€480 | |
| Trade debts | 44 | €20,472 | €24,437 | +€3,965 | +19.4% |
| Suppliers | 440/4 | €20,472 | €24,437 | +€3,965 | +19.4% |
| Taxes, remuneration and social security | 45 | €16,482 | €9,485 | -€6,997 | -42.5% |
| Taxes | 450/3 | €8,817 | - | -€8,817 | |
| Remuneration and social security | 454/9 | €7,665 | €9,485 | +€1,820 | +23.7% |
| Other amounts payable | 47/48 | €18,632 | - | -€18,632 | |
| Accrued charges and deferred income | 492/3 | €2,095 | - | -€2,095 | |
| Remuneration, social security and pensions | 62 | €50,989 | €52,935 | +€1,946 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,158 | €2,040 | +€882 | +76.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,447 | -€2,780 | -€333 | -13.6% |
| Other operating charges | 640/8 | €1,005 | €167 | -€838 | -83.4% |
| Gross operating margin | 9900 | €79,292 | €53,231 | -€26,061 | -32.9% |
| Operating profit (loss) | 9901 | €28,587 | €869 | -€27,718 | -97.0% |
| Financial income | 75/76B | €2 | €133 | +€131 | +6,840% |
| Recurring financial income | 75 | €2 | €133 | +€131 | +6,840% |
| Financial charges | 65/66B | €882 | €487 | -€395 | -44.8% |
| Recurring financial charges | 65 | €882 | €487 | -€395 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €27,707 | €515 | -€27,192 | -98.1% |
| Income taxes | 67/77 | €7,005 | €1,572 | -€5,434 | -77.6% |
| Profit (loss) for the period | 9904 | €20,702 | -€1,056 | -€21,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,702 | -€1,056 | -€21,758 |
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 21 October 2026 via checked.be.