Green License: 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 License
Largest movements
- Current investments +€2.7m
new in 2025: €2.7m
- Cash +€461,479
up €461,479 (+121%), from €381,073 to €842,551
mainly Net result for the year (+€1.7m) and Short-term financial debts (+€500,000)
- Tangible fixed assets -€345,344
down €345,344 (-100%), from €345,344 to €0
of which Land and buildings: -€305,000
- Receivables within one year -€316,959
down €316,959 (-77.1%), from €411,253 to €94,294
of which Other amounts receivable: -€317,073
- Reserves +€1.6m
up €1.6m (+156%), from €1.0m to €2.7m
of which Distributable reserves: +€1.6m
- Short-term financial debts +€500,000
new in 2025: €500,000
- Trade debts +€297,530
up €297,530 (+22,873%), from €1,301 to €298,831
- Other debts +€45,000
new in 2025: €45,000
- Gross operating margin +€2.0m
up €2.0m (+1,144%), from €174,198 to €2.2m
- Taxes +€502,560
up €502,560 (+1,818%), from €27,649 to €530,208
- Turnover -€226,777
no longer reported in 2025 (was €226,777)
- Purchases and services -€91,484
no longer reported in 2025 (was €91,484)
- Depreciation -€76,142
down €76,142 (-100%), from €76,142 to €0
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 | €1,138,990 | €3,632,994 | +€2.5m | +219% |
| Fixed assets | 21/28 | €346,664 | €0 | -€346,664 | -100% |
| Intangible fixed assets | 21 | €1,320 | €0 | -€1,320 | -100% |
| Tangible fixed assets | 22/27 | €345,344 | €0 | -€345,344 | -100% |
| Land and buildings | 22 | €305,000 | €0 | -€305,000 | -100% |
| Plant, machinery and equipment | 23 | €40,344 | €0 | -€40,344 | -100% |
| Current assets | 29/58 | €792,325 | €3,632,994 | +€2.8m | +359% |
| Amounts receivable within one year | 40/41 | €411,253 | €94,294 | -€316,959 | -77.1% |
| Trade receivables | 40 | €15,518 | €15,633 | +€114 | +0.7% |
| Other amounts receivable | 41 | €395,734 | €78,662 | -€317,073 | -80.1% |
| Current investments | 50/53 | - | €2,696,149 | +€2.7m | |
| Cash at bank and in hand | 54/58 | €381,073 | €842,551 | +€461,479 | +121% |
| Total equity and liabilities | 10/49 | €1,138,990 | €3,632,994 | +€2.5m | +219% |
| Equity | 10/15 | €1,110,040 | €2,744,396 | +€1.6m | +147% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,048,040 | €2,682,396 | +€1.6m | +156% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,041,840 | €2,676,196 | +€1.6m | +157% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,950 | €888,598 | +€859,648 | +2,969% |
| Amounts payable within one year | 42/48 | €28,950 | €878,924 | +€849,974 | +2,936% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Other loans | 439 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €1,301 | €298,831 | +€297,530 | +22,873% |
| Suppliers | 440/4 | €1,301 | €298,831 | +€297,530 | +22,873% |
| Taxes, remuneration and social security | 45 | €27,649 | €35,093 | +€7,444 | +26.9% |
| Taxes | 450/3 | €27,649 | €35,093 | +€7,444 | +26.9% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €9,674 | +€9,674 | |
| Turnover | 70 | €226,777 | - | -€226,777 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,484 | - | -€91,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,142 | €0 | -€76,142 | -100% |
| Other operating charges | 640/8 | €13,203 | €13,533 | +€330 | +2.5% |
| Gross operating margin | 9900 | €174,198 | €2,167,514 | +€2.0m | +1,144% |
| Operating profit (loss) | 9901 | €84,853 | €2,153,981 | +€2.1m | +2,438% |
| Financial income | 75/76B | €16,992 | €78,183 | +€61,191 | +360% |
| Recurring financial income | 75 | €16,992 | €78,183 | +€61,191 | +360% |
| Financial charges | 65/66B | €380 | €22,600 | +€22,219 | +5,840% |
| Recurring financial charges | 65 | €380 | €22,600 | +€22,219 | +5,840% |
| Profit (loss) for the period before taxes | 9903 | €101,464 | €2,209,564 | +€2.1m | +2,078% |
| Income taxes | 67/77 | €27,649 | €530,208 | +€502,560 | +1,818% |
| Profit (loss) for the period | 9904 | €73,815 | €1,679,356 | +€1.6m | +2,175% |
| Profit (loss) for the period to be appropriated | 9905 | €73,815 | €1,679,356 | +€1.6m | +2,175% |
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 20 October 2026 via checked.be.