GREEN MASTERS: 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.
What changed
GREEN MASTERS
NACE 81.300, Landscape service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€172,587
2024 · -€207,438+€380,025
Equity
-€292,669
2024 · -€465,256+€172,587
Cash
€1,404
2024 · €1,744-€340
Balance sheet total
€491,456
2024 · €743,970-€252,514
Largest movements
Assets
- Receivables within one year -€177,417
down €177,417 (-35.9%), from €493,651 to €316,233
of which Trade receivables: -€137,730
- Tangible fixed assets -€48,003
down €48,003 (-21.9%), from €219,592 to €171,589
of which Plant, machinery and equipment: -€36,907
- Deferred charges and accrued income -€22,275
down €22,275 (-94.3%), from €23,624 to €1,349
Equity and liabilities
- Other debts -€376,345
down €376,345 (-48.2%), from €781,279 to €404,934
- Profit (loss) carried forward +€172,587
up €172,587 (+27.4%), from -€630,256 to -€457,669
- Tax, wage and social debts -€34,838
down €34,838 (-18.9%), from €184,296 to €149,458
of which Remuneration and social security: -€75,760
- Debts after one year -€20,979
down €20,979 (-45.7%), from €45,956 to €24,977
- Trade debts +€20,495
up €20,495 (+14.7%), from €139,542 to €160,038
Income statement
- Turnover +€435,629
up €435,629 (+21.7%), from €2.0m to €2.4m
- Goods and materials +€325,946
up €325,946 (+97.1%), from €335,597 to €661,544
- Staff costs -€162,986
down €162,986 (-12.0%), from €1.4m to €1.2m
- Services and other goods -€157,098
down €157,098 (-30.5%), from €515,648 to €358,550
- Taxes +€40,668
up €40,668 (+14177.0%), from €287 to €40,955
of which Taxes: +€40,455
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.
Result 2024
-€207,438
Turnover
+€435,629
Other operating income
-€21,270
Goods and materials
-€325,946
Services and other goods
+€157,098
Staff costs
+€162,986
Depreciation
+€13,469
Write-downs
+€7,674
Other operating charges
-€1,126
Other operating items
-€11,000
Financial income
-€40
Financial charges
+€3,220
Taxes
-€40,668
Result 2025
€172,587
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.
From operations
+€80,286
Investment
-€56,435
Financing
-€24,191
Cash 2024
€1,744
From operations (derived)
+€80,286
Net result for the year
+€172,587
Depreciation
+€108,917
Receivables within one year
+€177,417
Deferred charges and accrued income
+€22,275
Trade debts
+€20,495
Tax, wage and social debts
-€34,838
Other debts
-€376,345
Accrued charges and deferred income
-€10,222
Investment (derived)
-€56,435
Investment in fixed assets (net)
-€56,435
Financing
-€24,191
Debts after one year
-€20,979
Current portion of long-term debt
-€3,212
Cash 2025
€1,404
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,970 | €491,456 | -€252,514 | -33.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €224,952 | €172,469 | -€52,483 | -23.3% |
| Intangible fixed assets | 21 | €4,560 | €0 | -€4,560 | -100.0% |
| Tangible fixed assets | 22/27 | €219,592 | €171,589 | -€48,003 | -21.9% |
| Plant, machinery and equipment | 23 | €89,755 | €52,848 | -€36,907 | -41.1% |
| Furniture and vehicles | 24 | €11,744 | €17,603 | +€5,859 | +49.9% |
| Leasing and similar rights | 25 | €118,093 | €101,138 | -€16,955 | -14.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €800 | €880 | +€80 | +10.0% |
| Other financial fixed assets | 284/8 | €800 | €880 | +€80 | +10.0% |
| Amounts receivable and cash guarantees | 285/8 | €800 | €880 | +€80 | +10.0% |
| Current assets | 29/58 | €519,018 | €318,987 | -€200,031 | -38.5% |
| Amounts receivable within one year | 40/41 | €493,651 | €316,233 | -€177,417 | -35.9% |
| Trade receivables | 40 | €451,218 | €313,488 | -€137,730 | -30.5% |
| Other amounts receivable | 41 | €42,432 | €2,745 | -€39,687 | -93.5% |
| Cash at bank and in hand | 54/58 | €1,744 | €1,404 | -€340 | -19.5% |
| Deferred charges and accrued income | 490/1 | €23,624 | €1,349 | -€22,275 | -94.3% |
| Total equity and liabilities | 10/49 | €743,970 | €491,456 | -€252,514 | -33.9% |
| Equity | 10/15 | -€465,256 | -€292,669 | +€172,587 | +37.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€630,256 | -€457,669 | +€172,587 | +27.4% |
| Amounts payable | 17/49 | €1,209,226 | €784,125 | -€425,101 | -35.2% |
| Amounts payable after more than one year | 17 | €45,956 | €24,977 | -€20,979 | -45.7% |
| Financial debts | 170/4 | €45,956 | €24,977 | -€20,979 | -45.7% |
| Leasing and similar obligations | 172 | €45,956 | €24,977 | -€20,979 | -45.7% |
| Amounts payable within one year | 42/48 | €1,150,684 | €756,785 | -€393,900 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €45,567 | €42,355 | -€3,212 | -7.0% |
| Trade debts | 44 | €139,542 | €160,038 | +€20,495 | +14.7% |
| Suppliers | 440/4 | €139,542 | €160,038 | +€20,495 | +14.7% |
| Taxes, remuneration and social security | 45 | €184,296 | €149,458 | -€34,838 | -18.9% |
| Taxes | 450/3 | €8,307 | €49,229 | +€40,922 | +492.6% |
| Remuneration and social security | 454/9 | €175,989 | €100,229 | -€75,760 | -43.0% |
| Other amounts payable | 47/48 | €781,279 | €404,934 | -€376,345 | -48.2% |
| Accrued charges and deferred income | 492/3 | €12,585 | €2,363 | -€10,222 | -81.2% |
| Operating income | 70/76A | €2,151,206 | €2,554,565 | +€403,360 | +18.8% |
| Turnover | 70 | €2,011,370 | €2,446,999 | +€435,629 | +21.7% |
| Other operating income | 74 | €60,335 | €39,066 | -€21,270 | -35.3% |
| Non-recurring operating income | 76A | €79,500 | €68,500 | -€11,000 | -13.8% |
| Operating charges | 60/66A | €2,343,278 | €2,329,125 | -€14,153 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €335,597 | €661,544 | +€325,946 | +97.1% |
| Purchases | 600/8 | €335,597 | €661,544 | +€325,946 | +97.1% |
| Services and other goods | 61 | €515,648 | €358,550 | -€157,098 | -30.5% |
| Remuneration, social security and pensions | 62 | €1,354,397 | €1,191,412 | -€162,986 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,386 | €108,917 | -€13,469 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,674 | - | -€7,674 | |
| Other operating charges | 640/8 | €7,576 | €8,702 | +€1,126 | +14.9% |
| Operating profit (loss) | 9901 | -€192,073 | €225,440 | +€417,513 | |
| Financial income | 75/76B | €157 | €117 | -€40 | -25.4% |
| Recurring financial income | 75 | €157 | €117 | -€40 | -25.4% |
| Other financial income | 752/9 | €157 | €117 | -€40 | -25.4% |
| Financial charges | 65/66B | €15,235 | €12,015 | -€3,220 | -21.1% |
| Recurring financial charges | 65 | €15,235 | €12,015 | -€3,220 | -21.1% |
| Debt charges | 650 | €14,130 | €11,098 | -€3,032 | -21.5% |
| Other financial charges | 652/9 | €1,105 | €917 | -€188 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€207,151 | €213,542 | +€420,693 | |
| Income taxes | 67/77 | €287 | €40,955 | +€40,668 | +14177.0% |
| Taxes | 670/3 | €500 | €40,955 | +€40,455 | +8091.0% |
| Tax adjustments and reversals of tax provisions | 77 | €213 | - | -€213 | |
| Profit (loss) for the period | 9904 | -€207,438 | €172,587 | +€380,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€207,438 | €172,587 | +€380,025 |
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 12 October 2026 via checked.be.