GREEN-LOG: 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-LOG
Largest movements
- Tangible fixed assets -€51,376
down €51,376 (-7.8%), from €655,743 to €604,366
of which Land and buildings: -€49,855
- Debts after one year -€32,929
down €32,929 (-5.0%), from €654,766 to €621,837
- Profit (loss) carried forward -€13,288
down €13,288 (-13.9%), from -€95,266 to -€108,555
- Investment grants -€8,290
down €8,290 (-47.2%), from €17,567 to €9,276
- Trade debts +€6,911
up €6,911 (+332.8%), from €2,077 to €8,988
- Gross operating margin -€2,279
down €2,279 (-3.9%), from €57,989 to €55,710
- Financial charges -€786
down €786 (-4.2%), from €18,794 to €18,008
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 | €658,533 | €610,038 | -€48,495 | -7.4% |
| Fixed assets | 21/28 | €656,243 | €604,866 | -€51,376 | -7.8% |
| Tangible fixed assets | 22/27 | €655,743 | €604,366 | -€51,376 | -7.8% |
| Land and buildings | 22 | €643,129 | €593,274 | -€49,855 | -7.8% |
| Plant, machinery and equipment | 23 | €12,614 | €11,093 | -€1,521 | -12.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,290 | €5,171 | +€2,881 | +125.8% |
| Amounts receivable within one year | 40/41 | €137 | €2,339 | +€2,203 | +1613.8% |
| Trade receivables | 40 | €0 | €2,339 | +€2,339 | |
| Other amounts receivable | 41 | €137 | €0 | -€137 | -100.0% |
| Cash at bank and in hand | 54/58 | €744 | €1,379 | +€635 | +85.4% |
| Deferred charges and accrued income | 490/1 | €1,410 | €1,453 | +€43 | +3.1% |
| Total equity and liabilities | 10/49 | €658,533 | €610,038 | -€48,495 | -7.4% |
| Equity | 10/15 | -€57,700 | -€79,278 | -€21,578 | -37.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,266 | -€108,555 | -€13,288 | -13.9% |
| Investment grants | 15 | €17,567 | €9,276 | -€8,290 | -47.2% |
| Amounts payable | 17/49 | €716,233 | €689,316 | -€26,917 | -3.8% |
| Amounts payable after more than one year | 17 | €654,766 | €621,837 | -€32,929 | -5.0% |
| Financial debts | 170/4 | €654,766 | €621,837 | -€32,929 | -5.0% |
| Amounts payable within one year | 42/48 | €49,084 | €54,685 | +€5,600 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €41,202 | €40,523 | -€678 | -1.6% |
| Trade debts | 44 | €2,077 | €8,988 | +€6,911 | +332.8% |
| Suppliers | 440/4 | €2,077 | €8,988 | +€6,911 | +332.8% |
| Taxes, remuneration and social security | 45 | €5,806 | €5,173 | -€633 | -10.9% |
| Taxes | 450/3 | €5,806 | €5,173 | -€633 | -10.9% |
| Accrued charges and deferred income | 492/3 | €12,382 | €12,794 | +€412 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,376 | €51,376 | = | 0.0% |
| Other operating charges | 640/8 | €6,666 | €6,906 | +€240 | +3.6% |
| Non-recurring operating charges | 66A | - | €998 | +€998 | |
| Gross operating margin | 9900 | €57,989 | €55,710 | -€2,279 | -3.9% |
| Operating profit (loss) | 9901 | -€54 | -€3,570 | -€3,517 | -6544.9% |
| Financial income | 75/76B | €8,290 | €8,290 | = | 0.0% |
| Recurring financial income | 75 | €8,290 | €8,290 | = | 0.0% |
| Financial charges | 65/66B | €18,794 | €18,008 | -€786 | -4.2% |
| Recurring financial charges | 65 | €18,794 | €18,008 | -€786 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,557 | -€13,288 | -€2,731 | -25.9% |
| Profit (loss) for the period | 9904 | -€10,557 | -€13,288 | -€2,731 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,557 | -€13,288 | -€2,731 | -25.9% |
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 28 September 2026 via checked.be.