Green-Link: 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-Link
Largest movements
- Receivables within one year +€48,105
up €48,105 (+176.6%), from €27,242 to €75,346
of which Trade receivables: +€40,000
- Cash +€12,542
up €12,542 (+137.3%), from €9,137 to €21,678
mainly Debts after one year (+€147,850) and Advances received (+€40,000)
- Profit (loss) carried forward -€156,874
down €156,874 (-131.8%), from -€119,036 to -€275,910
- Debts after one year +€147,850
up €147,850 (+117.3%), from €126,000 to €273,850
- Advances received +€40,000
new in 2024: €40,000
- Trade debts +€18,445
up €18,445 (+620.6%), from €2,972 to €21,417
- Accrued charges and deferred income +€9,349
up €9,349 (+270.1%), from €3,461 to €12,810
- Gross operating margin -€18,603
down €18,603 (-21.8%), from -€85,349 to -€103,952
- Staff costs +€8,743
up €8,743 (+40.1%), from €21,777 to €30,520
- Financial charges +€7,604
up €7,604 (+76.9%), from €9,882 to €17,486
- Other operating charges +€3,168
up €3,168 (+201.2%), from €1,574 to €4,742
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,534 | €99,343 | +€59,809 | +151.3% |
| Fixed assets | 21/28 | €3,155 | €2,318 | -€837 | -26.5% |
| Tangible fixed assets | 22/27 | €3,155 | €2,318 | -€837 | -26.5% |
| Plant, machinery and equipment | 23 | €2,056 | €1,682 | -€374 | -18.2% |
| Furniture and vehicles | 24 | €1,099 | €636 | -€463 | -42.1% |
| Current assets | 29/58 | €36,378 | €97,025 | +€60,646 | +166.7% |
| Amounts receivable within one year | 40/41 | €27,242 | €75,346 | +€48,105 | +176.6% |
| Trade receivables | 40 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 41 | €27,242 | €35,346 | +€8,105 | +29.8% |
| Cash at bank and in hand | 54/58 | €9,137 | €21,678 | +€12,542 | +137.3% |
| Total equity and liabilities | 10/49 | €39,534 | €99,343 | +€59,809 | +151.3% |
| Equity | 10/15 | -€109,036 | -€265,910 | -€156,874 | -143.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,036 | -€275,910 | -€156,874 | -131.8% |
| Amounts payable | 17/49 | €148,569 | €365,253 | +€216,684 | +145.8% |
| Amounts payable after more than one year | 17 | €126,000 | €273,850 | +€147,850 | +117.3% |
| Financial debts | 170/4 | €126,000 | €273,850 | +€147,850 | +117.3% |
| Amounts payable within one year | 42/48 | €19,108 | €78,593 | +€59,485 | +311.3% |
| Trade debts | 44 | €2,972 | €21,417 | +€18,445 | +620.6% |
| Suppliers | 440/4 | €2,972 | €21,417 | +€18,445 | +620.6% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Other amounts payable | 47/48 | €16,136 | €17,175 | +€1,039 | +6.4% |
| Accrued charges and deferred income | 492/3 | €3,461 | €12,810 | +€9,349 | +270.1% |
| Remuneration, social security and pensions | 62 | €21,777 | €30,520 | +€8,743 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €837 | +€384 | +84.6% |
| Other operating charges | 640/8 | €1,574 | €4,742 | +€3,168 | +201.2% |
| Gross operating margin | 9900 | -€85,349 | -€103,952 | -€18,603 | -21.8% |
| Operating profit (loss) | 9901 | -€109,154 | -€140,052 | -€30,898 | -28.3% |
| Financial income | 75/76B | - | €663 | +€663 | |
| Recurring financial income | 75 | - | €663 | +€663 | |
| Financial charges | 65/66B | €9,882 | €17,486 | +€7,604 | +76.9% |
| Recurring financial charges | 65 | €9,882 | €17,486 | +€7,604 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | -€119,036 | -€156,874 | -€37,839 | -31.8% |
| Profit (loss) for the period | 9904 | -€119,036 | -€156,874 | -€37,839 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,036 | -€156,874 | -€37,839 | -31.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.