Green Tech Lab: 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 Tech Lab
Largest movements
- Intangible fixed assets -€39,029
down €39,029 (-27.7%), from €140,989 to €101,960
- Formation expenses -€5,859
down €5,859 (-24.3%), from €24,112 to €18,254
- Other debts +€111,005
up €111,005 (+86.8%), from €127,837 to €238,842
- Trade debts -€63,062
down €63,062 (-92.4%), from €68,236 to €5,174
- Tax, wage and social debts -€52,732
down €52,732 (-53.9%), from €97,865 to €45,133
of which Taxes: -€49,604
- Profit (loss) carried forward -€43,712
down €43,712 (-191.4%), from -€22,843 to -€66,555
- Staff costs -€25,384
down €25,384 (-18.8%), from €135,271 to €109,888
- Financial charges +€23,718
up €23,718 (+418.5%), from €5,667 to €29,385
- Gross operating margin -€15,461
down €15,461 (-9.9%), from €155,909 to €140,449
- Depreciation +€15,025
up €15,025 (+50.3%), from €29,863 to €44,888
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 | €284,194 | €235,693 | -€48,501 | -17.1% |
| Formation expenses | 20 | €24,112 | €18,254 | -€5,859 | -24.3% |
| Fixed assets | 21/28 | €141,249 | €102,220 | -€39,029 | -27.6% |
| Intangible fixed assets | 21 | €140,989 | €101,960 | -€39,029 | -27.7% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €118,833 | €115,220 | -€3,613 | -3.0% |
| Amounts receivable within one year | 40/41 | €116,189 | €114,188 | -€2,001 | -1.7% |
| Trade receivables | 40 | €101,965 | €114,188 | +€12,223 | +12.0% |
| Other amounts receivable | 41 | €14,224 | €0 | -€14,224 | -100.0% |
| Cash at bank and in hand | 54/58 | €542 | €38 | -€505 | -93.1% |
| Deferred charges and accrued income | 490/1 | €2,102 | €995 | -€1,107 | -52.7% |
| Total equity and liabilities | 10/49 | €284,194 | €235,693 | -€48,501 | -17.1% |
| Equity | 10/15 | -€19,843 | -€63,555 | -€43,712 | -220.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,843 | -€66,555 | -€43,712 | -191.4% |
| Amounts payable | 17/49 | €304,037 | €299,249 | -€4,789 | -1.6% |
| Amounts payable after more than one year | 17 | €10,100 | €10,100 | = | 0.0% |
| Other amounts payable | 178/9 | €10,100 | €10,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €293,937 | €289,149 | -€4,789 | -1.6% |
| Trade debts | 44 | €68,236 | €5,174 | -€63,062 | -92.4% |
| Suppliers | 440/4 | €68,236 | €5,174 | -€63,062 | -92.4% |
| Taxes, remuneration and social security | 45 | €97,865 | €45,133 | -€52,732 | -53.9% |
| Taxes | 450/3 | €68,478 | €18,875 | -€49,604 | -72.4% |
| Remuneration and social security | 454/9 | €29,386 | €26,258 | -€3,128 | -10.6% |
| Other amounts payable | 47/48 | €127,837 | €238,842 | +€111,005 | +86.8% |
| Remuneration, social security and pensions | 62 | €135,271 | €109,888 | -€25,384 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,863 | €44,888 | +€15,025 | +50.3% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Operating charges capitalised as restructuring costs | 649 | -€26,674 | €0 | +€26,674 | |
| Gross operating margin | 9900 | €155,909 | €140,449 | -€15,461 | -9.9% |
| Operating profit (loss) | 9901 | €17,061 | -€14,327 | -€31,389 | |
| Financial charges | 65/66B | €5,667 | €29,385 | +€23,718 | +418.5% |
| Recurring financial charges | 65 | €5,667 | €29,385 | +€23,718 | +418.5% |
| Profit (loss) for the period before taxes | 9903 | €11,394 | -€43,712 | -€55,107 | |
| Profit (loss) for the period | 9904 | €11,394 | -€43,712 | -€55,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,394 | -€43,712 | -€55,107 |
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 2 October 2026 via checked.be.