GREEN PASSION: 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 PASSION
Largest movements
- Deferred charges and accrued income -€80,630
down €80,630 (-99.4%), from €81,145 to €515
- Cash +€30,060
up €30,060 (+377%), from €7,974 to €38,034
mainly Deferred charges and accrued income (+€80,630) and Net result for the year (+€3,947)
- Receivables within one year +€23,006
up €23,006 (+49.1%), from €46,901 to €69,907
of which Trade receivables: +€24,966
- Trade debts -€27,454
down €27,454 (-83.3%), from €32,949 to €5,495
- Profit (loss) carried forward +€3,947
up €3,947 (+34.8%), from €11,340 to €15,287
- Other debts -€2,963
down €2,963 (-5.6%), from €52,687 to €49,723
- Staff costs -€14,908
down €14,908 (-45.2%), from €32,973 to €18,065
- Other operating charges +€8,685
up €8,685 (+605%), from €1,436 to €10,121
- Gross operating margin +€2,482
up €2,482 (+7.8%), from €31,829 to €34,310
- Depreciation -€2,155
down €2,155 (-82.3%), from €2,618 to €463
- Financial charges +€1,034
up €1,034 (+190%), from €545 to €1,579
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 | €138,424 | €110,398 | -€28,026 | -20.2% |
| Fixed assets | 21/28 | €2,405 | €1,942 | -€463 | -19.2% |
| Tangible fixed assets | 22/27 | €2,280 | €1,817 | -€463 | -20.3% |
| Plant, machinery and equipment | 23 | €256 | - | -€256 | |
| Other tangible fixed assets | 26 | €2,024 | €1,817 | -€207 | -10.2% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €136,019 | €108,456 | -€27,563 | -20.3% |
| Amounts receivable within one year | 40/41 | €46,901 | €69,907 | +€23,006 | +49.1% |
| Trade receivables | 40 | €44,941 | €69,907 | +€24,966 | +55.6% |
| Other amounts receivable | 41 | €1,960 | - | -€1,960 | |
| Cash at bank and in hand | 54/58 | €7,974 | €38,034 | +€30,060 | +377% |
| Deferred charges and accrued income | 490/1 | €81,145 | €515 | -€80,630 | -99.4% |
| Total equity and liabilities | 10/49 | €138,424 | €110,398 | -€28,026 | -20.2% |
| Equity | 10/15 | €31,800 | €35,747 | +€3,947 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,340 | €15,287 | +€3,947 | +34.8% |
| Amounts payable | 17/49 | €106,624 | €74,652 | -€31,973 | -30.0% |
| Amounts payable within one year | 42/48 | €106,105 | €74,652 | -€31,454 | -29.6% |
| Trade debts | 44 | €32,949 | €5,495 | -€27,454 | -83.3% |
| Suppliers | 440/4 | €32,949 | €5,495 | -€27,454 | -83.3% |
| Taxes, remuneration and social security | 45 | €20,470 | €19,433 | -€1,037 | -5.1% |
| Taxes | 450/3 | €3,751 | €12,489 | +€8,738 | +233% |
| Remuneration and social security | 454/9 | €16,719 | €6,944 | -€9,775 | -58.5% |
| Other amounts payable | 47/48 | €52,687 | €49,723 | -€2,963 | -5.6% |
| Accrued charges and deferred income | 492/3 | €519 | - | -€519 | |
| Remuneration, social security and pensions | 62 | €32,973 | €18,065 | -€14,908 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,618 | €463 | -€2,155 | -82.3% |
| Other operating charges | 640/8 | €1,436 | €10,121 | +€8,685 | +605% |
| Non-recurring operating charges | 66A | €446 | - | -€446 | |
| Gross operating margin | 9900 | €31,829 | €34,310 | +€2,482 | +7.8% |
| Operating profit (loss) | 9901 | -€5,644 | €5,662 | +€11,306 | |
| Financial charges | 65/66B | €545 | €1,579 | +€1,034 | +190% |
| Recurring financial charges | 65 | €545 | €1,579 | +€1,034 | +190% |
| Profit (loss) for the period before taxes | 9903 | -€6,189 | €4,083 | +€10,272 | |
| Income taxes | 67/77 | €271 | €137 | -€134 | -49.6% |
| Profit (loss) for the period | 9904 | -€6,460 | €3,947 | +€10,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,460 | €3,947 | +€10,407 |
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 25 October 2026 via checked.be.