GREEN STORIES: 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 STORIES
Largest movements
- Tangible fixed assets -€3,688
down €3,688 (-54.9%), from €6,720 to €3,032
- Stocks and contracts -€2,846
down €2,846 (-16.3%), from €17,488 to €14,643
- Cash -€1,274
down €1,274 (-30.4%), from €4,191 to €2,917
mainly Net result for the year (-€7,501) and Trade debts (-€3,563)
- Receivables within one year -€924
no longer reported in 2025 (was €924)
- Deferred charges and accrued income -€509
down €509 (-79.3%), from €642 to €133
- Profit (loss) carried forward -€7,501
down €7,501 (-63.1%), from -€11,893 to -€19,394
- Other debts +€4,291
up €4,291 (+36.4%), from €11,793 to €16,085
- Trade debts -€3,563
down €3,563 (-54.0%), from €6,600 to €3,037
of which Bills of exchange payable: -€3,455
- Tax, wage and social debts -€1,718
down €1,718 (-36.2%), from €4,742 to €3,024
of which Remuneration and social security: -€1,091
- Accrued charges and deferred income -€751
down €751 (-81.2%), from €924 to €173
- Staff costs -€11,431
down €11,431 (-49.1%), from €23,287 to €11,856
- Gross operating margin +€1,852
up €1,852 (+22.2%), from €8,348 to €10,199
- Depreciation +€527
up €527 (+16.7%), from €3,161 to €3,688
- Other operating charges +€455
up €455 (+44.9%), from €1,012 to €1,467
- Financial income -€123
down €123 (-72.2%), from €170 to €47
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 | €32,166 | €22,925 | -€9,241 | -28.7% |
| Fixed assets | 21/28 | €8,920 | €5,232 | -€3,688 | -41.3% |
| Tangible fixed assets | 22/27 | €6,720 | €3,032 | -€3,688 | -54.9% |
| Furniture and vehicles | 24 | €6,720 | €3,032 | -€3,688 | -54.9% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €23,246 | €17,693 | -€5,553 | -23.9% |
| Stocks and contracts in progress | 3 | €17,488 | €14,643 | -€2,846 | -16.3% |
| Stocks | 30/36 | €17,488 | €14,643 | -€2,846 | -16.3% |
| Amounts receivable within one year | 40/41 | €924 | - | -€924 | |
| Trade receivables | 40 | €924 | - | -€924 | |
| Cash at bank and in hand | 54/58 | €4,191 | €2,917 | -€1,274 | -30.4% |
| Deferred charges and accrued income | 490/1 | €642 | €133 | -€509 | -79.3% |
| Total equity and liabilities | 10/49 | €32,166 | €22,925 | -€9,241 | -28.7% |
| Equity | 10/15 | €8,107 | €606 | -€7,501 | -92.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,893 | -€19,394 | -€7,501 | -63.1% |
| Amounts payable | 17/49 | €24,059 | €22,319 | -€1,740 | -7.2% |
| Amounts payable within one year | 42/48 | €23,135 | €22,146 | -€990 | -4.3% |
| Trade debts | 44 | €6,600 | €3,037 | -€3,563 | -54.0% |
| Suppliers | 440/4 | €3,145 | €3,037 | -€108 | -3.4% |
| Bills of exchange payable | 441 | €3,455 | - | -€3,455 | |
| Taxes, remuneration and social security | 45 | €4,742 | €3,024 | -€1,718 | -36.2% |
| Taxes | 450/3 | €3,169 | €2,542 | -€627 | -19.8% |
| Remuneration and social security | 454/9 | €1,573 | €482 | -€1,091 | -69.4% |
| Other amounts payable | 47/48 | €11,793 | €16,085 | +€4,291 | +36.4% |
| Accrued charges and deferred income | 492/3 | €924 | €173 | -€751 | -81.2% |
| Remuneration, social security and pensions | 62 | €23,287 | €11,856 | -€11,431 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €3,688 | +€527 | +16.7% |
| Other operating charges | 640/8 | €1,012 | €1,467 | +€455 | +44.9% |
| Non-recurring operating charges | 66A | - | €501 | +€501 | |
| Gross operating margin | 9900 | €8,348 | €10,199 | +€1,852 | +22.2% |
| Operating profit (loss) | 9901 | -€19,113 | -€7,313 | +€11,800 | +61.7% |
| Financial income | 75/76B | €170 | €47 | -€123 | -72.2% |
| Recurring financial income | 75 | €170 | €47 | -€123 | -72.2% |
| Financial charges | 65/66B | €238 | €235 | -€3 | -1.1% |
| Recurring financial charges | 65 | €238 | €235 | -€3 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,181 | -€7,501 | +€11,680 | +60.9% |
| Profit (loss) for the period | 9904 | -€19,181 | -€7,501 | +€11,680 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,181 | -€7,501 | +€11,680 | +60.9% |
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 29 September 2026 via checked.be.