GREEN PRODUCT: 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 PRODUCT
Largest movements
- Receivables within one year +€708,461
up €708,461 (+898%), from €78,889 to €787,350
- Cash -€31,348
down €31,348 (-75.3%), from €41,604 to €10,256
mainly Receivables within one year (-€708,461) and Deferred charges and accrued income (-€2,771)
- Trade debts +€587,629
up €587,629 (+682%), from €86,210 to €673,839
- Reserves +€80,000
new in 2025: €80,000
- Profit (loss) carried forward +€9,843
up €9,843, from -€5,023 to €4,820
- Gross operating margin +€105,923
up €105,923, from -€6,087 to €99,836
- Staff costs -€70,256
down €70,256 (-87.3%), from €80,452 to €10,196
- Depreciation -€1,884
no longer reported in 2025 (was €1,884)
- Taxes +€1,635
up €1,635 (+1,003%), from €163 to €1,798
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 | €144,789 | €822,457 | +€677,668 | +468% |
| Current assets | 29/58 | €144,789 | €822,457 | +€677,668 | +468% |
| Stocks and contracts in progress | 3 | €23,986 | €21,770 | -€2,216 | -9.2% |
| Stocks | 30/36 | €23,986 | €21,770 | -€2,216 | -9.2% |
| Amounts receivable within one year | 40/41 | €78,889 | €787,350 | +€708,461 | +898% |
| Trade receivables | 40 | €78,889 | €787,350 | +€708,461 | +898% |
| Cash at bank and in hand | 54/58 | €41,604 | €10,256 | -€31,348 | -75.3% |
| Deferred charges and accrued income | 490/1 | €310 | €3,081 | +€2,771 | +894% |
| Total equity and liabilities | 10/49 | €144,789 | €822,457 | +€677,668 | +468% |
| Equity | 10/15 | €56,977 | €146,820 | +€89,843 | +158% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €80,000 | +€80,000 | |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | -€5,023 | €4,820 | +€9,843 | |
| Amounts payable | 17/49 | €87,812 | €675,637 | +€587,825 | +669% |
| Amounts payable within one year | 42/48 | €87,812 | €675,637 | +€587,825 | +669% |
| Trade debts | 44 | €86,210 | €673,839 | +€587,629 | +682% |
| Suppliers | 440/4 | €86,210 | €673,839 | +€587,629 | +682% |
| Taxes, remuneration and social security | 45 | €1,602 | €1,798 | +€196 | +12.2% |
| Taxes | 450/3 | €139 | €1,798 | +€1,659 | +1,194% |
| Remuneration and social security | 454/9 | €1,463 | - | -€1,463 | |
| Remuneration, social security and pensions | 62 | €80,452 | €10,196 | -€70,256 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | - | -€1,884 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€6,087 | €99,836 | +€105,923 | |
| Operating profit (loss) | 9901 | -€88,810 | €89,240 | +€178,050 | |
| Financial income | 75/76B | €2,970 | €3,365 | +€395 | +13.3% |
| Recurring financial income | 75 | €2,970 | €3,365 | +€395 | +13.3% |
| Financial charges | 65/66B | €1,364 | €964 | -€400 | -29.3% |
| Recurring financial charges | 65 | €1,364 | €964 | -€400 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€87,204 | €91,641 | +€178,845 | |
| Income taxes | 67/77 | €163 | €1,798 | +€1,635 | +1,003% |
| Profit (loss) for the period | 9904 | -€87,367 | €89,843 | +€177,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,367 | €89,843 | +€177,210 |
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 16 October 2026 via checked.be.