GREEN TIME: 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 TIME
Largest movements
- Tangible fixed assets -€166,578
down €166,578 (-45.2%), from €368,493 to €201,915
of which Furniture and vehicles: -€99,441
- Stocks and contracts +€65,521
up €65,521 (+13.1%), from €501,489 to €567,010
- Cash +€12,647
up €12,647 (+7061.3%), from €179 to €12,826
mainly Investment in fixed assets (net) (+€93,451) and Depreciation (+€73,126)
- Receivables within one year +€10,718
up €10,718 (+34.9%), from €30,674 to €41,392
of which Trade receivables: +€20,850
- Trade debts -€79,080
down €79,080 (-31.0%), from €255,290 to €176,209
- Debts after one year -€66,399
down €66,399 (-66.7%), from €99,559 to €33,159
- Reserves +€66,101
up €66,101 (+70.0%), from €94,464 to €160,565
of which Distributable reserves: +€66,101
- Depreciation -€39,776
down €39,776 (-35.2%), from €112,903 to €73,126
- Gross operating margin +€24,978
up €24,978 (+7.5%), from €331,222 to €356,200
- Other operating charges +€22,064
up €22,064 (+1210.1%), from €1,823 to €23,887
- Taxes +€9,037
up €9,037 (+43.3%), from €20,852 to €29,890
- Financial income +€4,524
up €4,524 (+127.9%), from €3,537 to €8,061
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,621 | €834,528 | -€73,093 | -8.1% |
| Fixed assets | 21/28 | €368,493 | €201,915 | -€166,578 | -45.2% |
| Tangible fixed assets | 22/27 | €368,493 | €201,915 | -€166,578 | -45.2% |
| Plant, machinery and equipment | 23 | €3,803 | €2,505 | -€1,298 | -34.1% |
| Furniture and vehicles | 24 | €110,133 | €10,692 | -€99,441 | -90.3% |
| Other tangible fixed assets | 26 | €254,557 | €188,718 | -€65,839 | -25.9% |
| Current assets | 29/58 | €539,128 | €632,612 | +€93,484 | +17.3% |
| Stocks and contracts in progress | 3 | €501,489 | €567,010 | +€65,521 | +13.1% |
| Stocks | 30/36 | €501,489 | €567,010 | +€65,521 | +13.1% |
| Amounts receivable within one year | 40/41 | €30,674 | €41,392 | +€10,718 | +34.9% |
| Trade receivables | 40 | €19,785 | €40,634 | +€20,850 | +105.4% |
| Other amounts receivable | 41 | €10,889 | €758 | -€10,131 | -93.0% |
| Cash at bank and in hand | 54/58 | €179 | €12,826 | +€12,647 | +7061.3% |
| Deferred charges and accrued income | 490/1 | €6,786 | €11,384 | +€4,598 | +67.8% |
| Total equity and liabilities | 10/49 | €907,621 | €834,528 | -€73,093 | -8.1% |
| Equity | 10/15 | €316,485 | €382,585 | +€66,101 | +20.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €94,464 | €160,565 | +€66,101 | +70.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €81,964 | €148,065 | +€66,101 | +80.6% |
| Profit (loss) carried forward | 14 | €97,021 | €97,021 | = | 0.0% |
| Amounts payable | 17/49 | €591,136 | €451,942 | -€139,194 | -23.5% |
| Amounts payable after more than one year | 17 | €99,559 | €33,159 | -€66,399 | -66.7% |
| Financial debts | 170/4 | €99,559 | €33,159 | -€66,399 | -66.7% |
| Amounts payable within one year | 42/48 | €491,577 | €418,754 | -€72,824 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €64,581 | €66,399 | +€1,818 | +2.8% |
| Financial debts | 43 | €11,535 | €12,750 | +€1,214 | +10.5% |
| Credit institutions | 430/8 | €11,535 | €12,750 | +€1,214 | +10.5% |
| Trade debts | 44 | €255,290 | €176,209 | -€79,080 | -31.0% |
| Suppliers | 440/4 | €255,290 | €176,209 | -€79,080 | -31.0% |
| Taxes, remuneration and social security | 45 | €111,202 | €111,395 | +€194 | +0.2% |
| Taxes | 450/3 | €80,082 | €79,246 | -€836 | -1.0% |
| Remuneration and social security | 454/9 | €31,120 | €32,149 | +€1,029 | +3.3% |
| Other amounts payable | 47/48 | €48,970 | €52,000 | +€3,030 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | €154,953 | €153,016 | -€1,937 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,903 | €73,126 | -€39,776 | -35.2% |
| Other operating charges | 640/8 | €1,823 | €23,887 | +€22,064 | +1210.1% |
| Gross operating margin | 9900 | €331,222 | €356,200 | +€24,978 | +7.5% |
| Operating profit (loss) | 9901 | €61,543 | €106,170 | +€44,627 | +72.5% |
| Financial income | 75/76B | €3,537 | €8,061 | +€4,524 | +127.9% |
| Recurring financial income | 75 | €3,537 | €8,061 | +€4,524 | +127.9% |
| Financial charges | 65/66B | €21,780 | €18,241 | -€3,539 | -16.2% |
| Recurring financial charges | 65 | €21,780 | €18,241 | -€3,539 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €43,299 | €95,990 | +€52,691 | +121.7% |
| Income taxes | 67/77 | €20,852 | €29,890 | +€9,037 | +43.3% |
| Profit (loss) for the period | 9904 | €22,447 | €66,101 | +€43,653 | +194.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,447 | €66,101 | +€43,653 | +194.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.