GREEN LOGIX SOLAR: 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 LOGIX SOLAR
Largest movements
- Tangible fixed assets -€174,233
down €174,233 (-60.0%), from €290,585 to €116,352
- Cash +€84,625
up €84,625 (+102%), from €83,238 to €167,862
mainly Depreciation (+€174,233) and Net result for the year (+€120,492)
- Receivables within one year +€59,658
up €59,658 (+11.1%), from €538,347 to €598,005
of which Trade receivables: +€32,411
- Profit (loss) carried forward +€120,492
up €120,492 (+29.8%), from €404,661 to €525,153
- Debts after one year -€117,773
down €117,773 (-20.3%), from €579,140 to €461,366
of which Financial debts: -€122,930
- Current portion of long-term debt -€68,513
down €68,513 (-35.8%), from €191,443 to €122,930
- Tax, wage and social debts +€30,802
up €30,802 (+235%), from €13,100 to €43,903
- Gross operating margin +€112,914
up €112,914 (+47.4%), from €238,243 to €351,157
- Taxes +€31,743
up €31,743 (+262%), from €12,119 to €43,862
- Financial charges -€7,024
down €7,024 (-16.1%), from €43,626 to €36,602
- Depreciation +€6,312
up €6,312 (+3.8%), from €167,921 to €174,233
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 | €1,432,337 | €1,402,387 | -€29,950 | -2.1% |
| Fixed assets | 21/28 | €810,752 | €636,520 | -€174,233 | -21.5% |
| Tangible fixed assets | 22/27 | €290,585 | €116,352 | -€174,233 | -60.0% |
| Plant, machinery and equipment | 23 | €290,585 | €116,352 | -€174,233 | -60.0% |
| Financial fixed assets | 28 | €520,168 | €520,168 | = | 0.0% |
| Current assets | 29/58 | €621,585 | €765,867 | +€144,282 | +23.2% |
| Amounts receivable within one year | 40/41 | €538,347 | €598,005 | +€59,658 | +11.1% |
| Trade receivables | 40 | €18,640 | €51,051 | +€32,411 | +174% |
| Other amounts receivable | 41 | €519,707 | €546,954 | +€27,247 | +5.2% |
| Cash at bank and in hand | 54/58 | €83,238 | €167,862 | +€84,625 | +102% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,432,337 | €1,402,387 | -€29,950 | -2.1% |
| Equity | 10/15 | €641,453 | €761,945 | +€120,492 | +18.8% |
| Contributions | 10/11 | €219,000 | €219,000 | = | 0.0% |
| Reserves | 13 | €17,792 | €17,792 | = | 0.0% |
| Distributable reserves | 133 | €17,792 | €17,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404,661 | €525,153 | +€120,492 | +29.8% |
| Amounts payable | 17/49 | €790,884 | €640,442 | -€150,442 | -19.0% |
| Amounts payable after more than one year | 17 | €579,140 | €461,366 | -€117,773 | -20.3% |
| Financial debts | 170/4 | €122,930 | €0 | -€122,930 | -100% |
| Other amounts payable | 178/9 | €456,210 | €461,366 | +€5,157 | +1.1% |
| Amounts payable within one year | 42/48 | €211,744 | €179,076 | -€32,669 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €191,443 | €122,930 | -€68,513 | -35.8% |
| Trade debts | 44 | €7,201 | €12,243 | +€5,041 | +70.0% |
| Suppliers | 440/4 | €7,201 | €12,243 | +€5,041 | +70.0% |
| Taxes, remuneration and social security | 45 | €13,100 | €43,903 | +€30,802 | +235% |
| Taxes | 450/3 | €13,100 | €43,903 | +€30,802 | +235% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,921 | €174,233 | +€6,312 | +3.8% |
| Other operating charges | 640/8 | €2,051 | €2,061 | +€11 | +0.5% |
| Gross operating margin | 9900 | €238,243 | €351,157 | +€112,914 | +47.4% |
| Operating profit (loss) | 9901 | €68,272 | €174,863 | +€106,591 | +156% |
| Financial income | 75/76B | €27,368 | €26,093 | -€1,275 | -4.7% |
| Recurring financial income | 75 | €27,368 | €26,093 | -€1,275 | -4.7% |
| Financial charges | 65/66B | €43,626 | €36,602 | -€7,024 | -16.1% |
| Recurring financial charges | 65 | €43,626 | €36,602 | -€7,024 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €52,014 | €164,354 | +€112,340 | +216% |
| Income taxes | 67/77 | €12,119 | €43,862 | +€31,743 | +262% |
| Profit (loss) for the period | 9904 | €39,895 | €120,492 | +€80,597 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €39,895 | €120,492 | +€80,597 | +202% |
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 29 October 2026 via checked.be.