Green Leaf: 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 Leaf
Largest movements
- Cash +€33,503
up €33,503 (+174.5%), from €19,203 to €52,706
mainly Trade debts (+€32,438) and Net result for the year (+€24,836)
- Receivables within one year +€27,542
up €27,542 (+53.2%), from €51,768 to €79,311
of which Trade receivables: +€26,214
- Tangible fixed assets -€21,292
down €21,292 (-26.1%), from €81,559 to €60,267
of which Furniture and vehicles: -€11,613
- Trade debts +€32,438
up €32,438 (+103.5%), from €31,338 to €63,776
- Reserves +€24,836
up €24,836 (+47.2%), from €52,619 to €77,455
- Debts after one year -€15,299
down €15,299 (-41.7%), from €36,722 to €21,423
- Current portion of long-term debt -€3,480
down €3,480 (-18.5%), from €18,779 to €15,299
- Gross operating margin +€32,448
up €32,448 (+53.0%), from €61,237 to €93,685
- Staff costs +€26,440
up €26,440 (+1775.7%), from €1,489 to €27,929
- Taxes +€1,726
up €1,726 (+20.1%), from €8,602 to €10,327
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.
Cash bridge derived
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 | €155,160 | €194,093 | +€38,933 | +25.1% |
| Fixed assets | 21/28 | €81,746 | €60,540 | -€21,206 | -25.9% |
| Tangible fixed assets | 22/27 | €81,559 | €60,267 | -€21,292 | -26.1% |
| Land and buildings | 22 | €10,427 | €7,187 | -€3,240 | -31.1% |
| Plant, machinery and equipment | 23 | €22,536 | €16,097 | -€6,439 | -28.6% |
| Furniture and vehicles | 24 | €48,596 | €36,983 | -€11,613 | -23.9% |
| Financial fixed assets | 28 | €187 | €273 | +€86 | +46.1% |
| Current assets | 29/58 | €73,414 | €133,553 | +€60,139 | +81.9% |
| Amounts receivable within one year | 40/41 | €51,768 | €79,311 | +€27,542 | +53.2% |
| Trade receivables | 40 | €46,551 | €72,765 | +€26,214 | +56.3% |
| Other amounts receivable | 41 | €5,218 | €6,546 | +€1,329 | +25.5% |
| Cash at bank and in hand | 54/58 | €19,203 | €52,706 | +€33,503 | +174.5% |
| Deferred charges and accrued income | 490/1 | €2,443 | €1,536 | -€906 | -37.1% |
| Total equity and liabilities | 10/49 | €155,160 | €194,093 | +€38,933 | +25.1% |
| Equity | 10/15 | €56,619 | €81,455 | +€24,836 | +43.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €52,619 | €77,455 | +€24,836 | +47.2% |
| Distributable reserves | 133 | €52,619 | €77,455 | +€24,836 | +47.2% |
| Amounts payable | 17/49 | €98,541 | €112,638 | +€14,097 | +14.3% |
| Amounts payable after more than one year | 17 | €36,722 | €21,423 | -€15,299 | -41.7% |
| Financial debts | 170/4 | €36,722 | €21,423 | -€15,299 | -41.7% |
| Amounts payable within one year | 42/48 | €61,818 | €91,215 | +€29,396 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €18,779 | €15,299 | -€3,480 | -18.5% |
| Trade debts | 44 | €31,338 | €63,776 | +€32,438 | +103.5% |
| Suppliers | 440/4 | €31,338 | €63,776 | +€32,438 | +103.5% |
| Taxes, remuneration and social security | 45 | €11,702 | €12,139 | +€437 | +3.7% |
| Taxes | 450/3 | €10,517 | €9,431 | -€1,086 | -10.3% |
| Remuneration and social security | 454/9 | €1,185 | €2,709 | +€1,523 | +128.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,489 | €27,929 | +€26,440 | +1775.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,797 | €24,340 | +€543 | +2.3% |
| Other operating charges | 640/8 | €2,922 | €3,524 | +€602 | +20.6% |
| Gross operating margin | 9900 | €61,237 | €93,685 | +€32,448 | +53.0% |
| Operating profit (loss) | 9901 | €33,029 | €37,892 | +€4,863 | +14.7% |
| Financial income | 75/76B | €2 | €9 | +€7 | +366.8% |
| Recurring financial income | 75 | €2 | €9 | +€7 | +366.8% |
| Financial charges | 65/66B | €3,650 | €2,737 | -€912 | -25.0% |
| Recurring financial charges | 65 | €3,650 | €2,737 | -€912 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €29,381 | €35,163 | +€5,782 | +19.7% |
| Income taxes | 67/77 | €8,602 | €10,327 | +€1,726 | +20.1% |
| Profit (loss) for the period | 9904 | €20,779 | €24,836 | +€4,056 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,779 | €24,836 | +€4,056 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.