GREEN PROJECT: 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 PROJECT
Largest movements
- Receivables within one year +€9,136
up €9,136 (+82.5%), from €11,072 to €20,209
- Cash -€9,002
down €9,002 (-11.2%), from €80,436 to €71,435
mainly Investment in fixed assets (net) (-€12,674) and Receivables within one year (-€9,136)
- Tangible fixed assets +€3,545
up €3,545 (+10.0%), from €35,569 to €39,114
of which Furniture and vehicles: +€3,261
- Reserves +€5,500
up €5,500 (+11.6%), from €47,360 to €52,860
- Trade debts -€5,026
down €5,026 (-33.7%), from €14,936 to €9,910
- Other debts +€2,486
up €2,486 (+12.0%), from €20,675 to €23,161
- Gross operating margin +€11,878
up €11,878 (+22.7%), from €52,276 to €64,155
- Staff costs +€6,692
up €6,692 (+17.2%), from €38,936 to €45,628
- Depreciation +€2,177
up €2,177 (+31.3%), from €6,951 to €9,129
- Taxes +€1,567
up €1,567 (+180%), from €870 to €2,437
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 | €127,598 | €131,291 | +€3,694 | +2.9% |
| Fixed assets | 21/28 | €35,569 | €39,114 | +€3,545 | +10.0% |
| Tangible fixed assets | 22/27 | €35,569 | €39,114 | +€3,545 | +10.0% |
| Land and buildings | 22 | €15,089 | €14,371 | -€718 | -4.8% |
| Plant, machinery and equipment | 23 | €7,978 | €8,979 | +€1,002 | +12.6% |
| Furniture and vehicles | 24 | €12,503 | €15,764 | +€3,261 | +26.1% |
| Current assets | 29/58 | €92,029 | €92,177 | +€149 | +0.2% |
| Amounts receivable within one year | 40/41 | €11,072 | €20,209 | +€9,136 | +82.5% |
| Trade receivables | 40 | €11,072 | €20,209 | +€9,136 | +82.5% |
| Cash at bank and in hand | 54/58 | €80,436 | €71,435 | -€9,002 | -11.2% |
| Deferred charges and accrued income | 490/1 | €520 | €534 | +€14 | +2.7% |
| Total equity and liabilities | 10/49 | €127,598 | €131,291 | +€3,694 | +2.9% |
| Equity | 10/15 | €81,015 | €86,592 | +€5,577 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,360 | €52,860 | +€5,500 | +11.6% |
| Distributable reserves | 133 | €47,360 | €52,860 | +€5,500 | +11.6% |
| Profit (loss) carried forward | 14 | €21,255 | €21,332 | +€77 | +0.4% |
| Amounts payable | 17/49 | €46,582 | €44,699 | -€1,883 | -4.0% |
| Amounts payable within one year | 42/48 | €45,732 | €43,849 | -€1,883 | -4.1% |
| Trade debts | 44 | €14,936 | €9,910 | -€5,026 | -33.7% |
| Suppliers | 440/4 | €14,936 | €9,910 | -€5,026 | -33.7% |
| Taxes, remuneration and social security | 45 | €10,121 | €10,778 | +€657 | +6.5% |
| Taxes | 450/3 | €2,670 | €4,766 | +€2,095 | +78.5% |
| Remuneration and social security | 454/9 | €7,451 | €6,013 | -€1,438 | -19.3% |
| Other amounts payable | 47/48 | €20,675 | €23,161 | +€2,486 | +12.0% |
| Accrued charges and deferred income | 492/3 | €850 | €850 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,936 | €45,628 | +€6,692 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,951 | €9,129 | +€2,177 | +31.3% |
| Other operating charges | 640/8 | €593 | €1,140 | +€547 | +92.3% |
| Non-recurring operating charges | 66A | - | €324 | +€324 | |
| Gross operating margin | 9900 | €52,276 | €64,155 | +€11,878 | +22.7% |
| Operating profit (loss) | 9901 | €5,796 | €7,934 | +€2,138 | +36.9% |
| Financial income | 75/76B | €255 | €292 | +€37 | +14.7% |
| Recurring financial income | 75 | €255 | €292 | +€37 | +14.7% |
| Financial charges | 65/66B | €767 | €212 | -€555 | -72.3% |
| Recurring financial charges | 65 | €767 | €212 | -€555 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €5,284 | €8,014 | +€2,730 | +51.7% |
| Income taxes | 67/77 | €870 | €2,437 | +€1,567 | +180% |
| Profit (loss) for the period | 9904 | €4,414 | €5,577 | +€1,163 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,414 | €5,577 | +€1,163 | +26.3% |
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 17 October 2026 via checked.be.