GREEN OFFSHORE: 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 OFFSHORE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.1m
2024 · €15.6m-€11.5m
Equity
€24.4m
2024 · €24.4m-€2,056
Cash
€752,858
2024 · €20,036+€732,822
Balance sheet total
€31.4m
2024 · €31.8m-€399,353
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-33.7%), from €4.4m to €2.9m
- Cash +€732,822
up €732,822 (+3,658%), from €20,036 to €752,858
mainly Net result for the year (+€4.1m) and Receivables within one year (+€1.5m)
- Current investments +€500,000
up €500,000 (+11.4%), from €4.4m to €4.9m
Equity and liabilities
- Other debts -€350,000
down €350,000 (-7.8%), from €4.5m to €4.2m
Income statement
- Financial income -€11.6m
down €11.6m (-72.6%), from €15.9m to €4.4m
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
€15.6m
Other operating charges
-€33
Other operating items
+€10,347
Financial income
-€11.6m
Financial charges
+€104,581
Result 2025
€4.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.4m
Investment
-€365,072
Financing
-€4.3m
Cash 2024
€20,036
From operations (derived)
+€5.4m
Net result for the year
+€4.1m
Receivables within one year
+€1.5m
Smaller working-capital items
-€906
Other debts
-€350,000
Accrued charges and deferred income
+€91,294
Investment (derived)
-€365,072
Investment in fixed assets (net)
+€134,928
Current investments
-€500,000
Financing
-€4.3m
Debts after one year
-€134,900
Contributions, distributions and other
-€4.2m
Cash 2025
€752,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,820,607 | €31,421,254 | -€399,353 | -1.3% |
| Fixed assets | 21/28 | €22,917,232 | €22,782,304 | -€134,928 | -0.6% |
| Financial fixed assets | 28 | €22,917,232 | €22,782,304 | -€134,928 | -0.6% |
| Companies linked by participating interests | 282/3 | €12,179,322 | €12,179,322 | = | 0.0% |
| Participating interests | 282 | €12,179,322 | €12,179,322 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,737,910 | €10,602,982 | -€134,928 | -1.3% |
| Shares | 284 | €8,495,462 | €8,495,462 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,242,448 | €2,107,520 | -€134,928 | -6.0% |
| Current assets | 29/58 | €8,903,375 | €8,638,950 | -€264,425 | -3.0% |
| Amounts receivable within one year | 40/41 | €4,428,500 | €2,934,038 | -€1.5m | -33.7% |
| Other amounts receivable | 41 | €4,428,500 | €2,934,038 | -€1.5m | -33.7% |
| Current investments | 50/53 | €4,400,000 | €4,900,000 | +€500,000 | +11.4% |
| Other investments | 51/53 | €4,400,000 | €4,900,000 | +€500,000 | +11.4% |
| Cash at bank and in hand | 54/58 | €20,036 | €752,858 | +€732,822 | +3,658% |
| Deferred charges and accrued income | 490/1 | €54,839 | €52,054 | -€2,785 | -5.1% |
| Total equity and liabilities | 10/49 | €31,820,607 | €31,421,254 | -€399,353 | -1.3% |
| Equity | 10/15 | €24,435,727 | €24,433,671 | -€2,056 | 0.0% |
| Contributions | 10/11 | €22,160,050 | €22,160,050 | = | 0.0% |
| Capital | 10 | €22,160,050 | €22,160,050 | = | 0.0% |
| Issued capital | 100 | €22,160,050 | €22,160,050 | = | 0.0% |
| Reserves | 13 | €2,216,005 | €2,216,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,216,005 | €2,216,005 | = | 0.0% |
| Legal reserve | 130 | €2,216,005 | €2,216,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,672 | €57,616 | -€2,056 | -3.4% |
| Amounts payable | 17/49 | €7,384,880 | €6,987,583 | -€397,297 | -5.4% |
| Amounts payable after more than one year | 17 | €2,242,435 | €2,107,535 | -€134,900 | -6.0% |
| Financial debts | 170/4 | €2,242,435 | €2,107,535 | -€134,900 | -6.0% |
| Other loans | 174 | €2,242,435 | €2,107,535 | -€134,900 | -6.0% |
| Amounts payable within one year | 42/48 | €4,513,017 | €4,159,326 | -€353,691 | -7.8% |
| Trade debts | 44 | €13,017 | €9,326 | -€3,691 | -28.4% |
| Suppliers | 440/4 | €13,017 | €9,326 | -€3,691 | -28.4% |
| Other amounts payable | 47/48 | €4,500,000 | €4,150,000 | -€350,000 | -7.8% |
| Accrued charges and deferred income | 492/3 | €629,429 | €720,723 | +€91,294 | +14.5% |
| Operating charges | 60/66A | €35,483 | €25,169 | -€10,315 | -29.1% |
| Services and other goods | 61 | €34,398 | €24,050 | -€10,347 | -30.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€35,483 | -€25,169 | +€10,315 | +29.1% |
| Financial income | 75/76B | €15,919,135 | €4,354,156 | -€11.6m | -72.6% |
| Recurring financial income | 75 | €15,919,135 | €4,354,156 | -€11.6m | -72.6% |
| Income from financial fixed assets | 750 | €15,649,384 | €4,260,306 | -€11.4m | -72.8% |
| Income from current assets | 751 | €269,751 | €93,849 | -€175,902 | -65.2% |
| Financial charges | 65/66B | €285,623 | €181,042 | -€104,581 | -36.6% |
| Recurring financial charges | 65 | €285,623 | €181,042 | -€104,581 | -36.6% |
| Debt charges | 650 | €285,419 | €180,837 | -€104,582 | -36.6% |
| Other financial charges | 652/9 | €204 | €205 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €15,598,029 | €4,147,944 | -€11.5m | -73.4% |
| Profit (loss) for the period | 9904 | €15,598,029 | €4,147,944 | -€11.5m | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,598,029 | €4,147,944 | -€11.5m | -73.4% |
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 30 October 2026 via checked.be.