GREEN MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€98,742
down €98,742 (-82.6%), from €119,578 to €20,836
mainly Net result for the year (-€60,152) and Receivables within one year (-€25,460)
- Receivables within one year +€25,460
up €25,460 (+49.8%), from €51,101 to €76,561
of which Other amounts receivable: +€25,387
- Deferred charges and accrued income -€5,159
down €5,159 (-22.4%), from €22,996 to €17,837
- Profit (loss) carried forward -€74,438
down €74,438 (-44.4%), from €167,513 to €93,075
- Other debts +€14,286
new in 2025: €14,286
- Current portion of long-term debt -€11,846
no longer reported in 2025 (was €11,846)
- Tax, wage and social debts -€5,734
down €5,734 (-41.1%), from €13,939 to €8,205
- Trade debts -€2,285
no longer reported in 2025 (was €2,285)
- Gross operating margin -€205,880
down €205,880, from €151,167 to -€54,713
- Taxes -€32,330
down €32,330 (-99.6%), from €32,469 to €140
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 | €226,933 | €146,916 | -€80,017 | -35.3% |
| Fixed assets | 21/28 | €5,695 | €4,120 | -€1,575 | -27.7% |
| Tangible fixed assets | 22/27 | €5,425 | €3,850 | -€1,575 | -29.0% |
| Furniture and vehicles | 24 | €5,425 | €3,850 | -€1,575 | -29.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €221,238 | €142,796 | -€78,442 | -35.5% |
| Amounts receivable within one year | 40/41 | €51,101 | €76,561 | +€25,460 | +49.8% |
| Trade receivables | 40 | €3,457 | €3,530 | +€73 | +2.1% |
| Other amounts receivable | 41 | €47,644 | €73,031 | +€25,387 | +53.3% |
| Current investments | 50/53 | €27,563 | €27,563 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,578 | €20,836 | -€98,742 | -82.6% |
| Deferred charges and accrued income | 490/1 | €22,996 | €17,837 | -€5,159 | -22.4% |
| Total equity and liabilities | 10/49 | €226,933 | €146,916 | -€80,017 | -35.3% |
| Equity | 10/15 | €190,075 | €115,638 | -€74,438 | -39.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,563 | €21,563 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,563 | €21,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,513 | €93,075 | -€74,438 | -44.4% |
| Provisions and deferred taxes | 16 | €7,188 | €7,188 | = | 0.0% |
| Deferred taxes | 168 | €7,188 | €7,188 | = | 0.0% |
| Amounts payable | 17/49 | €29,670 | €24,091 | -€5,579 | -18.8% |
| Amounts payable within one year | 42/48 | €28,070 | €22,491 | -€5,579 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €11,846 | - | -€11,846 | |
| Trade debts | 44 | €2,285 | - | -€2,285 | |
| Suppliers | 440/4 | €2,285 | - | -€2,285 | |
| Taxes, remuneration and social security | 45 | €13,939 | €8,205 | -€5,734 | -41.1% |
| Taxes | 450/3 | €13,939 | €8,205 | -€5,734 | -41.1% |
| Other amounts payable | 47/48 | - | €14,286 | +€14,286 | |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Non-recurring operating income | 76A | €31,057 | - | -€31,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,919 | €2,524 | -€395 | -13.5% |
| Other operating charges | 640/8 | €1,706 | €876 | -€830 | -48.6% |
| Gross operating margin | 9900 | €151,167 | -€54,713 | -€205,880 | |
| Operating profit (loss) | 9901 | €146,541 | -€58,113 | -€204,655 | |
| Financial income | 75/76B | €183 | €308 | +€126 | +68.9% |
| Recurring financial income | 75 | €183 | €308 | +€126 | +68.9% |
| Financial charges | 65/66B | €3,141 | €2,208 | -€933 | -29.7% |
| Recurring financial charges | 65 | €3,141 | €2,208 | -€933 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €143,583 | -€60,013 | -€203,595 | |
| Income taxes | 67/77 | €32,469 | €140 | -€32,330 | -99.6% |
| Profit (loss) for the period | 9904 | €111,113 | -€60,152 | -€171,265 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,113 | -€60,152 | -€171,265 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.