Green Leaf Bidco: 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.
What changed
Green Leaf Bidco
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7.4m
2024 · -€5.5m-€1.8m
Equity
€318.6m
2024 · €325.9m-€7.4m
Cash
€1,123
2024 · -+€1,123
Balance sheet total
€422.5m
2024 · €388.5m+€34.0m
Largest movements
Assets
- Financial fixed assets +€30.2m
up €30.2m (+7.8%), from €385.5m to €415.7m
Equity and liabilities
- Debts after one year +€30.5m
up €30.5m (+59.1%), from €51.6m to €82.1m
- Other debts +€10.3m
up €10.3m (+120%), from €8.5m to €18.8m
- Profit (loss) carried forward -€7.4m
down €7.4m (-39.7%), from -€18.6m to -€25.9m
Income statement
- Financial charges +€2.1m
up €2.1m (+37.1%), from €5.6m to €7.7m
- Turnover +€1.3m
up €1.3m (+81.0%), from €1.6m to €2.9m
- Staff costs +€452,858
up €452,858 (+150%), from €301,621 to €754,479
- Other operating charges +€400,385
up €400,385 (+55,240%), from €725 to €401,109
- Depreciation +€319,640
up €319,640 (+77.5%), from €412,377 to €732,017
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.
Result 2024
-€5.5m
Turnover
+€1.3m
Other operating income
+€12,727
Services and other goods
-€117,616
Staff costs
-€452,858
Depreciation
-€319,640
Other operating charges
-€400,385
Other operating items
+€236,404
Financial income
+€227
Financial charges
-€2.1m
Taxes
+€898
Result 2025
-€7.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€33.4m
Financing
+€30.5m
Cash 2024
€0
From operations (derived)
+€2.9m
Net result for the year
-€7.4m
Depreciation
+€732,017
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€141,831
Trade debts
+€211,091
Tax, wage and social debts
+€92,615
Other debts
+€10.3m
Accrued charges and deferred income
+€320,230
Investment (derived)
-€33.4m
Investment in fixed assets (net)
-€33.4m
Financing
+€30.5m
Debts after one year
+€30.5m
Cash 2025
€1,123
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,506,026 | €422,538,691 | +€34.0m | +8.8% |
| Fixed assets | 21/28 | €387,711,573 | €420,364,653 | +€32.7m | +8.4% |
| Intangible fixed assets | 21 | €755,242 | €3,847,447 | +€3.1m | +409% |
| Tangible fixed assets | 22/27 | €1,439,989 | €805,863 | -€634,126 | -44.0% |
| Furniture and vehicles | 24 | €27,514 | €60,590 | +€33,076 | +120% |
| Assets under construction and advance payments | 27 | €1,412,475 | €745,273 | -€667,202 | -47.2% |
| Financial fixed assets | 28 | €385,516,342 | €415,711,342 | +€30.2m | +7.8% |
| Affiliated companies | 280/1 | €385,516,342 | €415,711,342 | +€30.2m | +7.8% |
| Participating interests | 280 | €385,516,342 | €415,711,342 | +€30.2m | +7.8% |
| Current assets | 29/58 | €794,454 | €2,174,038 | +€1.4m | +174% |
| Amounts receivable within one year | 40/41 | €762,519 | €1,999,149 | +€1.2m | +162% |
| Trade receivables | 40 | €378,989 | €1,267,399 | +€888,410 | +234% |
| Other amounts receivable | 41 | €383,529 | €731,749 | +€348,220 | +90.8% |
| Cash at bank and in hand | 54/58 | - | €1,123 | +€1,123 | |
| Deferred charges and accrued income | 490/1 | €31,935 | €173,766 | +€141,831 | +444% |
| Total equity and liabilities | 10/49 | €388,506,026 | €422,538,691 | +€34.0m | +8.8% |
| Equity | 10/15 | €325,914,593 | €318,554,992 | -€7.4m | -2.3% |
| Contributions | 10/11 | €344,468,000 | €344,468,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,553,408 | -€25,913,008 | -€7.4m | -39.7% |
| Amounts payable | 17/49 | €62,591,434 | €103,983,698 | +€41.4m | +66.1% |
| Amounts payable after more than one year | 17 | €51,630,359 | €82,130,359 | +€30.5m | +59.1% |
| Financial debts | 170/4 | €51,630,359 | €82,130,359 | +€30.5m | +59.1% |
| Other loans | 174 | €51,630,359 | €82,130,359 | +€30.5m | +59.1% |
| Amounts payable within one year | 42/48 | €9,586,299 | €20,158,334 | +€10.6m | +110% |
| Trade debts | 44 | €969,448 | €1,180,539 | +€211,091 | +21.8% |
| Suppliers | 440/4 | €969,448 | €1,180,539 | +€211,091 | +21.8% |
| Taxes, remuneration and social security | 45 | €89,022 | €181,637 | +€92,615 | +104% |
| Taxes | 450/3 | €21,486 | €20,946 | -€540 | -2.5% |
| Remuneration and social security | 454/9 | €67,537 | €160,691 | +€93,155 | +138% |
| Other amounts payable | 47/48 | €8,527,829 | €18,796,157 | +€10.3m | +120% |
| Accrued charges and deferred income | 492/3 | €1,374,775 | €1,695,005 | +€320,230 | +23.3% |
| Operating income | 70/76A | €1,702,804 | €3,257,383 | +€1.6m | +91.3% |
| Turnover | 70 | €1,611,149 | €2,916,597 | +€1.3m | +81.0% |
| Own construction capitalised | 72 | €82,711 | €319,115 | +€236,404 | +286% |
| Other operating income | 74 | €8,944 | €21,671 | +€12,727 | +142% |
| Operating charges | 60/66A | €1,595,571 | €2,886,069 | +€1.3m | +80.9% |
| Services and other goods | 61 | €880,848 | €998,464 | +€117,616 | +13.4% |
| Remuneration, social security and pensions | 62 | €301,621 | €754,479 | +€452,858 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,377 | €732,017 | +€319,640 | +77.5% |
| Other operating charges | 640/8 | €725 | €401,109 | +€400,385 | +55,240% |
| Operating profit (loss) | 9901 | €107,233 | €371,314 | +€264,081 | +246% |
| Financial income | 75/76B | €71 | €298 | +€227 | +318% |
| Recurring financial income | 75 | €71 | €298 | +€227 | +318% |
| Other financial income | 752/9 | €71 | €298 | +€227 | +318% |
| Financial charges | 65/66B | €5,641,079 | €7,731,212 | +€2.1m | +37.1% |
| Recurring financial charges | 65 | €5,641,079 | €7,731,212 | +€2.1m | +37.1% |
| Debt charges | 650 | €5,639,435 | €7,729,781 | +€2.1m | +37.1% |
| Other financial charges | 652/9 | €1,645 | €1,432 | -€213 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,533,775 | -€7,359,600 | -€1.8m | -33.0% |
| Income taxes | 67/77 | €898 | - | -€898 | |
| Taxes | 670/3 | €898 | - | -€898 | |
| Profit (loss) for the period | 9904 | -€5,534,673 | -€7,359,600 | -€1.8m | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,534,673 | -€7,359,600 | -€1.8m | -33.0% |
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 15 October 2026 via checked.be.