GREEN RAY ENGINEERING: what changed
Two fiscal 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 RAY ENGINEERING
Largest movements
- Receivables after one year -€170,000
no longer reported in 2025 (was €170,000)
- Cash +€53,869
up €53,869 (+21.2%), from €254,364 to €308,233
mainly Receivables after one year (+€170,000) and Net result for the year (+€54,657)
- Tangible fixed assets -€12,115
down €12,115 (-23.5%), from €51,531 to €39,416
of which Furniture and vehicles: -€8,675
- Reserves -€113,542
down €113,542 (-18.8%), from €602,984 to €489,442
- Gross operating margin -€22,982
down €22,982 (-21.3%), from €107,749 to €84,767
- Financial income -€15,296
down €15,296 (-70.4%), from €21,721 to €6,425
of which Non-recurring financial income: -€15,384
- Taxes -€11,451
down €11,451 (-33.3%), from €34,377 to €22,926
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 | €662,639 | €537,904 | -€124,735 | -18.8% |
| Fixed assets | 21/28 | €51,531 | €39,416 | -€12,115 | -23.5% |
| Tangible fixed assets | 22/27 | €51,531 | €39,416 | -€12,115 | -23.5% |
| Plant, machinery and equipment | 23 | €16,140 | €12,700 | -€3,440 | -21.3% |
| Furniture and vehicles | 24 | €35,391 | €26,716 | -€8,675 | -24.5% |
| Current assets | 29/58 | €611,108 | €498,488 | -€112,620 | -18.4% |
| Amounts receivable after more than one year | 29 | €170,000 | - | -€170,000 | |
| Other amounts receivable | 291 | €170,000 | - | -€170,000 | |
| Amounts receivable within one year | 40/41 | €28,890 | €27,147 | -€1,743 | -6.0% |
| Trade receivables | 40 | €15,428 | €17,424 | +€1,996 | +12.9% |
| Other amounts receivable | 41 | €13,462 | €9,723 | -€3,739 | -27.8% |
| Current investments | 50/53 | €153,468 | €154,695 | +€1,227 | +0.8% |
| Cash at bank and in hand | 54/58 | €254,364 | €308,233 | +€53,869 | +21.2% |
| Deferred charges and accrued income | 490/1 | €4,386 | €8,413 | +€4,027 | +91.8% |
| Total equity and liabilities | 10/49 | €662,639 | €537,904 | -€124,735 | -18.8% |
| Equity | 10/15 | €627,601 | €514,059 | -€113,542 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €602,984 | €489,442 | -€113,542 | -18.8% |
| Distributable reserves | 133 | €602,984 | €489,442 | -€113,542 | -18.8% |
| Profit (loss) carried forward | 14 | €6,017 | €6,017 | = | 0.0% |
| Amounts payable | 17/49 | €35,038 | €23,845 | -€11,193 | -31.9% |
| Amounts payable within one year | 42/48 | €28,576 | €23,845 | -€4,731 | -16.6% |
| Trade debts | 44 | €1,164 | €255 | -€909 | -78.1% |
| Suppliers | 440/4 | €1,164 | €255 | -€909 | -78.1% |
| Taxes, remuneration and social security | 45 | €21,397 | €23,590 | +€2,193 | +10.2% |
| Taxes | 450/3 | €21,397 | €23,590 | +€2,193 | +10.2% |
| Other amounts payable | 47/48 | €6,015 | - | -€6,015 | |
| Accrued charges and deferred income | 492/3 | €6,462 | - | -€6,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,230 | €12,115 | +€885 | +7.9% |
| Other operating charges | 640/8 | €1,276 | €1,062 | -€214 | -16.8% |
| Gross operating margin | 9900 | €107,749 | €84,767 | -€22,982 | -21.3% |
| Operating profit (loss) | 9901 | €95,243 | €71,590 | -€23,653 | -24.8% |
| Financial income | 75/76B | €21,721 | €6,425 | -€15,296 | -70.4% |
| Recurring financial income | 75 | €6,337 | €6,425 | +€88 | +1.4% |
| Non-recurring financial income | 76B | €15,384 | - | -€15,384 | |
| Financial charges | 65/66B | €556 | €432 | -€124 | -22.3% |
| Recurring financial charges | 65 | €556 | €432 | -€124 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €116,408 | €77,583 | -€38,825 | -33.4% |
| Income taxes | 67/77 | €34,377 | €22,926 | -€11,451 | -33.3% |
| Profit (loss) for the period | 9904 | €82,031 | €54,657 | -€27,374 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,031 | €54,657 | -€27,374 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.