GREEN-MAN: 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-MAN
Largest movements
- Cash -€17,840
down €17,840 (-18.9%), from €94,342 to €76,502
mainly Trade debts (-€18,006) and Investment in fixed assets (net) (-€11,500)
- Receivables within one year +€5,854
up €5,854 (+24.5%), from €23,898 to €29,751
of which Trade receivables: +€4,854
- Trade debts -€18,006
down €18,006 (-96.0%), from €18,748 to €742
- Other debts +€9,684
up €9,684 (+2066.2%), from €469 to €10,152
- Profit (loss) carried forward -€4,409
down €4,409 (-3.6%), from €122,231 to €117,823
- Current portion of long-term debt -€1,800
down €1,800 (-100.0%), from €1,800 to €0
- Gross operating margin -€21,138
down €21,138 (-49.2%), from €42,930 to €21,792
- Taxes -€6,371
down €6,371 (-80.0%), from €7,961 to €1,590
- Depreciation +€2,004
up €2,004 (+18.0%), from €11,134 to €13,138
- Financial charges -€661
down €661 (-82.8%), from €798 to €137
- Other operating charges +€441
up €441 (+49.3%), from €895 to €1,336
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 | €170,859 | €156,235 | -€14,624 | -8.6% |
| Fixed assets | 21/28 | €37,120 | €35,481 | -€1,638 | -4.4% |
| Tangible fixed assets | 22/27 | €36,495 | €34,856 | -€1,638 | -4.5% |
| Plant, machinery and equipment | 23 | €9,038 | €12,292 | +€3,254 | +36.0% |
| Furniture and vehicles | 24 | €27,457 | €22,564 | -€4,892 | -17.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €133,740 | €120,754 | -€12,986 | -9.7% |
| Stocks and contracts in progress | 3 | €15,500 | €14,500 | -€1,000 | -6.5% |
| Stocks | 30/36 | €15,500 | €14,500 | -€1,000 | -6.5% |
| Amounts receivable within one year | 40/41 | €23,898 | €29,751 | +€5,854 | +24.5% |
| Trade receivables | 40 | €16,898 | €21,751 | +€4,854 | +28.7% |
| Other amounts receivable | 41 | €7,000 | €8,000 | +€1,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €94,342 | €76,502 | -€17,840 | -18.9% |
| Total equity and liabilities | 10/49 | €170,859 | €156,235 | -€14,624 | -8.6% |
| Equity | 10/15 | €146,431 | €142,023 | -€4,409 | -3.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,231 | €117,823 | -€4,409 | -3.6% |
| Amounts payable | 17/49 | €24,428 | €14,212 | -€10,216 | -41.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,428 | €14,212 | -€10,216 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €1,800 | €0 | -€1,800 | -100.0% |
| Trade debts | 44 | €18,748 | €742 | -€18,006 | -96.0% |
| Suppliers | 440/4 | €18,748 | €742 | -€18,006 | -96.0% |
| Taxes, remuneration and social security | 45 | €3,412 | €3,318 | -€94 | -2.8% |
| Taxes | 450/3 | €3,412 | €3,318 | -€94 | -2.8% |
| Other amounts payable | 47/48 | €469 | €10,152 | +€9,684 | +2066.2% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,134 | €13,138 | +€2,004 | +18.0% |
| Other operating charges | 640/8 | €895 | €1,336 | +€441 | +49.3% |
| Gross operating margin | 9900 | €42,930 | €21,792 | -€21,138 | -49.2% |
| Operating profit (loss) | 9901 | €30,902 | €7,319 | -€23,583 | -76.3% |
| Financial charges | 65/66B | €798 | €137 | -€661 | -82.8% |
| Recurring financial charges | 65 | €798 | €137 | -€661 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €30,104 | €7,182 | -€22,922 | -76.1% |
| Income taxes | 67/77 | €7,961 | €1,590 | -€6,371 | -80.0% |
| Profit (loss) for the period | 9904 | €22,143 | €5,591 | -€16,552 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,143 | €5,591 | -€16,552 | -74.7% |
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 6 October 2026 via checked.be.