GREEN UP: what changed
Two financial 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 UP
Largest movements
- Tangible fixed assets +€2,388
up €2,388 (+26.3%), from €9,069 to €11,457
of which Other tangible fixed assets: +€2,206
- Receivables within one year -€2,035
down €2,035 (-2.1%), from €95,165 to €93,130
of which Trade receivables: -€5,143
- Debts after one year +€15,000
up €15,000 (+300%), from €5,000 to €20,000
- Profit (loss) carried forward -€12,456
down €12,456 (-88.8%), from -€14,031 to -€26,487
- Trade debts -€9,985
down €9,985 (-13.0%), from €76,696 to €66,711
- Tax, wage and social debts +€4,333
up €4,333 (+40.2%), from €10,767 to €15,100
of which Remuneration and social security: +€5,651
- Staff costs +€29,553
up €29,553 (+60.7%), from €48,648 to €78,201
- Gross operating margin +€21,298
up €21,298 (+34.1%), from €62,375 to €83,672
- Taxes +€7,293
new in 2025: €7,293
- Depreciation -€2,232
down €2,232 (-36.1%), from €6,180 to €3,948
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.
Derived cash bridge
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 | €139,346 | €136,380 | -€2,966 | -2.1% |
| Fixed assets | 21/28 | €10,269 | €11,457 | +€1,188 | +11.6% |
| Tangible fixed assets | 22/27 | €9,069 | €11,457 | +€2,388 | +26.3% |
| Plant, machinery and equipment | 23 | €2,944 | €2,485 | -€460 | -15.6% |
| Furniture and vehicles | 24 | €5,490 | €6,133 | +€642 | +11.7% |
| Other tangible fixed assets | 26 | €634 | €2,840 | +€2,206 | +348% |
| Financial fixed assets | 28 | €1,200 | €0 | -€1,200 | -100% |
| Current assets | 29/58 | €129,077 | €124,923 | -€4,154 | -3.2% |
| Stocks and contracts in progress | 3 | €27,548 | €27,512 | -€36 | -0.1% |
| Stocks | 30/36 | €27,548 | €27,512 | -€36 | -0.1% |
| Amounts receivable within one year | 40/41 | €95,165 | €93,130 | -€2,035 | -2.1% |
| Trade receivables | 40 | €60,900 | €55,757 | -€5,143 | -8.4% |
| Other amounts receivable | 41 | €34,265 | €37,373 | +€3,108 | +9.1% |
| Cash at bank and in hand | 54/58 | €5,336 | €3,999 | -€1,337 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,029 | €282 | -€747 | -72.6% |
| Total equity and liabilities | 10/49 | €139,346 | €136,380 | -€2,966 | -2.1% |
| Equity | 10/15 | €4,569 | -€7,887 | -€12,456 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,031 | -€26,487 | -€12,456 | -88.8% |
| Amounts payable | 17/49 | €134,777 | €144,267 | +€9,490 | +7.0% |
| Amounts payable after more than one year | 17 | €5,000 | €20,000 | +€15,000 | +300% |
| Financial debts | 170/4 | €5,000 | €20,000 | +€15,000 | +300% |
| Amounts payable within one year | 42/48 | €129,651 | €123,739 | -€5,912 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €860 | €0 | -€860 | -100% |
| Trade debts | 44 | €76,696 | €66,711 | -€9,985 | -13.0% |
| Suppliers | 440/4 | €76,696 | €66,711 | -€9,985 | -13.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,767 | €15,100 | +€4,333 | +40.2% |
| Taxes | 450/3 | €3,600 | €2,282 | -€1,318 | -36.6% |
| Remuneration and social security | 454/9 | €7,167 | €12,818 | +€5,651 | +78.9% |
| Other amounts payable | 47/48 | €41,328 | €41,928 | +€600 | +1.5% |
| Accrued charges and deferred income | 492/3 | €126 | €528 | +€402 | +319% |
| Remuneration, social security and pensions | 62 | €48,648 | €78,201 | +€29,553 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,180 | €3,948 | -€2,232 | -36.1% |
| Other operating charges | 640/8 | €983 | €989 | +€6 | +0.6% |
| Non-recurring operating charges | 66A | €1,750 | €5,531 | +€3,781 | +216% |
| Gross operating margin | 9900 | €62,375 | €83,672 | +€21,298 | +34.1% |
| Operating profit (loss) | 9901 | €4,814 | -€4,996 | -€9,810 | |
| Financial income | 75/76B | €746 | €1,036 | +€290 | +38.9% |
| Recurring financial income | 75 | €746 | €1,036 | +€290 | +38.9% |
| Financial charges | 65/66B | €1,175 | €1,202 | +€27 | +2.3% |
| Recurring financial charges | 65 | €1,175 | €1,202 | +€27 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €4,384 | -€5,163 | -€9,547 | |
| Income taxes | 67/77 | - | €7,293 | +€7,293 | |
| Profit (loss) for the period | 9904 | €4,384 | -€12,456 | -€16,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,384 | -€12,456 | -€16,840 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.