GREEN SHAPE: 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 SHAPE
Largest movements
- Cash +€42,566
up €42,566 (+65.3%), from €65,220 to €107,786
mainly Net result for the year (+€52,607) and Other debts (+€14,733)
- Tangible fixed assets +€26,580
up €26,580 (+174.6%), from €15,227 to €41,807
of which Furniture and vehicles: +€29,749
- Receivables within one year -€11,604
down €11,604 (-20.5%), from €56,730 to €45,126
of which Other amounts receivable: -€6,305
- Reserves +€37,331
up €37,331 (+16.8%), from €221,791 to €259,121
- Other debts +€14,733
up €14,733 (+804.5%), from €1,831 to €16,565
- Tax, wage and social debts +€5,657
up €5,657 (+75.1%), from €7,537 to €13,194
of which Taxes: +€5,334
- Gross operating margin +€32,537
up €32,537 (+38.3%), from €84,970 to €117,508
- Taxes +€9,258
up €9,258 (+89.2%), from €10,375 to €19,633
- Staff costs -€7,479
down €7,479 (-17.4%), from €42,935 to €35,456
- Depreciation +€5,911
up €5,911 (+109.2%), from €5,412 to €11,323
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 | €260,932 | €318,234 | +€57,303 | +22.0% |
| Fixed assets | 21/28 | €15,362 | €41,942 | +€26,580 | +173.0% |
| Tangible fixed assets | 22/27 | €15,227 | €41,807 | +€26,580 | +174.6% |
| Plant, machinery and equipment | 23 | €11,314 | €8,145 | -€3,169 | -28.0% |
| Furniture and vehicles | 24 | €3,913 | €33,662 | +€29,749 | +760.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €245,570 | €276,292 | +€30,723 | +12.5% |
| Amounts receivable within one year | 40/41 | €56,730 | €45,126 | -€11,604 | -20.5% |
| Trade receivables | 40 | €36,735 | €31,436 | -€5,299 | -14.4% |
| Other amounts receivable | 41 | €19,995 | €13,690 | -€6,305 | -31.5% |
| Current investments | 50/53 | €123,620 | €123,250 | -€370 | -0.3% |
| Cash at bank and in hand | 54/58 | €65,220 | €107,786 | +€42,566 | +65.3% |
| Deferred charges and accrued income | 490/1 | - | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €260,932 | €318,234 | +€57,303 | +22.0% |
| Equity | 10/15 | €240,721 | €278,328 | +€37,607 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,791 | €259,121 | +€37,331 | +16.8% |
| Distributable reserves | 133 | €221,791 | €259,121 | +€37,331 | +16.8% |
| Profit (loss) carried forward | 14 | €331 | €607 | +€276 | +83.5% |
| Amounts payable | 17/49 | €20,210 | €39,906 | +€19,696 | +97.5% |
| Amounts payable within one year | 42/48 | €20,210 | €39,906 | +€19,696 | +97.5% |
| Trade debts | 44 | €10,842 | €10,147 | -€695 | -6.4% |
| Suppliers | 440/4 | €10,842 | €10,147 | -€695 | -6.4% |
| Taxes, remuneration and social security | 45 | €7,537 | €13,194 | +€5,657 | +75.1% |
| Taxes | 450/3 | €6,560 | €11,894 | +€5,334 | +81.3% |
| Remuneration and social security | 454/9 | €977 | €1,300 | +€323 | +33.0% |
| Other amounts payable | 47/48 | €1,831 | €16,565 | +€14,733 | +804.5% |
| Non-recurring operating income | 76A | - | €5,300 | +€5,300 | |
| Remuneration, social security and pensions | 62 | €42,935 | €35,456 | -€7,479 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,412 | €11,323 | +€5,911 | +109.2% |
| Other operating charges | 640/8 | €1,382 | €1,590 | +€209 | +15.1% |
| Gross operating margin | 9900 | €84,970 | €117,508 | +€32,537 | +38.3% |
| Operating profit (loss) | 9901 | €35,241 | €69,138 | +€33,897 | +96.2% |
| Financial income | 75/76B | €2,459 | €3,617 | +€1,158 | +47.1% |
| Recurring financial income | 75 | €2,459 | €3,617 | +€1,158 | +47.1% |
| Financial charges | 65/66B | €1,495 | €515 | -€979 | -65.5% |
| Recurring financial charges | 65 | €1,495 | €515 | -€979 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €36,206 | €72,239 | +€36,034 | +99.5% |
| Income taxes | 67/77 | €10,375 | €19,633 | +€9,258 | +89.2% |
| Profit (loss) for the period | 9904 | €25,831 | €52,607 | +€26,776 | +103.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,831 | €52,607 | +€26,776 | +103.7% |
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 6 October 2026 via checked.be.