GREEN QUEENS: 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 QUEENS
Largest movements
- Stocks and contracts -€44,947
down €44,947 (-5.0%), from €894,502 to €849,555
- Receivables within one year +€14,275
up €14,275 (+730.9%), from €1,953 to €16,228
of which Other amounts receivable: +€7,337
- Trade debts -€53,064
down €53,064 (-14.3%), from €372,077 to €319,013
- Other debts +€41,523
up €41,523 (+6.9%), from €605,112 to €646,635
- Gross operating margin +€159,479
up €159,479, from -€139,742 to €19,737
- Financial income -€14,145
down €14,145 (-100.0%), from €14,145 to €0
of which Financial income: -€14,145
- Financial charges +€12,474
up €12,474 (+137.2%), from €9,090 to €21,564
- Other operating charges -€1,630
down €1,630 (-49.1%), from €3,321 to €1,691
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €900,210 | €876,706 | -€23,504 | -2.6% |
| Fixed assets | 21/28 | €2,860 | €3,288 | +€428 | +15.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,860 | €3,288 | +€428 | +15.0% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €1,657 | +€1,657 | |
| Furniture and vehicles | 24 | €2,860 | €1,631 | -€1,229 | -43.0% |
| Current assets | 29/58 | €897,350 | €873,418 | -€23,932 | -2.7% |
| Stocks and contracts in progress | 3 | €894,502 | €849,555 | -€44,947 | -5.0% |
| Stocks | 30/36 | €894,502 | €849,555 | -€44,947 | -5.0% |
| Amounts receivable within one year | 40/41 | €1,953 | €16,228 | +€14,275 | +730.9% |
| Trade receivables | 40 | - | €6,938 | +€6,938 | |
| Other amounts receivable | 41 | €1,953 | €9,290 | +€7,337 | +375.7% |
| Cash at bank and in hand | 54/58 | €895 | €7,634 | +€6,739 | +753.0% |
| Total equity and liabilities | 10/49 | €900,210 | €876,706 | -€23,504 | -2.6% |
| Equity | 10/15 | -€182,750 | -€189,263 | -€6,513 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €259,282 | €259,282 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €257,427 | €257,427 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€460,632 | -€467,145 | -€6,513 | -1.4% |
| Amounts payable | 17/49 | €1,082,960 | €1,065,969 | -€16,991 | -1.6% |
| Amounts payable within one year | 42/48 | €1,082,960 | €1,065,969 | -€16,991 | -1.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €372,077 | €319,013 | -€53,064 | -14.3% |
| Suppliers | 440/4 | €372,077 | €319,013 | -€53,064 | -14.3% |
| Taxes, remuneration and social security | 45 | €5,771 | €320 | -€5,451 | -94.5% |
| Taxes | 450/3 | - | €320 | +€320 | |
| Remuneration and social security | 454/9 | €5,771 | €0 | -€5,771 | -100.0% |
| Other amounts payable | 47/48 | €605,112 | €646,635 | +€41,523 | +6.9% |
| Non-recurring operating income | 76A | - | €90,674 | +€90,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,562 | €2,995 | +€433 | +16.9% |
| Other operating charges | 640/8 | €3,321 | €1,691 | -€1,630 | -49.1% |
| Gross operating margin | 9900 | -€139,742 | €19,737 | +€159,479 | |
| Operating profit (loss) | 9901 | -€145,625 | €15,051 | +€160,676 | |
| Financial income | 75/76B | €14,145 | €0 | -€14,145 | -100.0% |
| Recurring financial income | 75 | €14,145 | €0 | -€14,145 | -100.0% |
| Non-recurring financial income | 76B | €14,145 | €0 | -€14,145 | -100.0% |
| Financial charges | 65/66B | €9,090 | €21,564 | +€12,474 | +137.2% |
| Recurring financial charges | 65 | €9,090 | €21,564 | +€12,474 | +137.2% |
| Profit (loss) for the period before taxes | 9903 | -€140,570 | -€6,513 | +€134,057 | +95.4% |
| Profit (loss) for the period | 9904 | -€140,570 | -€6,513 | +€134,057 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,570 | -€6,513 | +€134,057 | +95.4% |
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 12 October 2026 via checked.be.