Green Urban Projects: 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 Urban Projects
Largest movements
- Tangible fixed assets -€53,988
down €53,988 (-4.5%), from €1.2m to €1.1m
of which Land and buildings: -€51,514
- Receivables within one year +€20,432
up €20,432 (+29.5%), from €69,256 to €89,688
of which Other amounts receivable: +€20,605
- Other debts +€858,087
up €858,087 (+425%), from €202,037 to €1.1m
- Debts after one year -€815,293
down €815,293 (-65.2%), from €1.2m to €434,587
- Trade debts -€50,038
down €50,038 (-89.8%), from €55,718 to €5,681
- Profit (loss) carried forward -€29,004
down €29,004 (-8.0%), from -€361,676 to -€390,679
- Financial charges -€31,803
down €31,803 (-41.2%), from €77,151 to €45,348
- Staff costs +€26,195
up €26,195 (+188%), from €13,906 to €40,101
- Other operating charges +€11,508
up €11,508 (+2,116%), from €544 to €12,052
- Gross operating margin +€3,572
up €3,572 (+3.0%), from €118,182 to €121,754
- Financial income +€1,584
up €1,584 (+612%), from €259 to €1,844
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.
Derived cash bridge
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 | €1,311,717 | €1,284,809 | -€26,908 | -2.1% |
| Fixed assets | 21/28 | €1,188,837 | €1,139,850 | -€48,988 | -4.1% |
| Tangible fixed assets | 22/27 | €1,188,776 | €1,134,788 | -€53,988 | -4.5% |
| Land and buildings | 22 | €1,170,521 | €1,119,007 | -€51,514 | -4.4% |
| Plant, machinery and equipment | 23 | €6,299 | €4,221 | -€2,078 | -33.0% |
| Furniture and vehicles | 24 | €11,956 | €11,559 | -€396 | -3.3% |
| Financial fixed assets | 28 | €62 | €5,062 | +€5,000 | +8,130% |
| Current assets | 29/58 | €122,880 | €144,960 | +€22,080 | +18.0% |
| Stocks and contracts in progress | 3 | €51,936 | €51,936 | = | 0.0% |
| Stocks | 30/36 | €51,936 | €51,936 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,256 | €89,688 | +€20,432 | +29.5% |
| Trade receivables | 40 | €173 | €0 | -€173 | -100% |
| Other amounts receivable | 41 | €69,084 | €89,688 | +€20,605 | +29.8% |
| Cash at bank and in hand | 54/58 | €823 | €2,969 | +€2,146 | +261% |
| Deferred charges and accrued income | 490/1 | €865 | €367 | -€498 | -57.6% |
| Total equity and liabilities | 10/49 | €1,311,717 | €1,284,809 | -€26,908 | -2.1% |
| Equity | 10/15 | -€199,990 | -€228,994 | -€29,004 | -14.5% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €1,685 | €1,685 | = | 0.0% |
| Distributable reserves | 133 | €1,685 | €1,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€361,676 | -€390,679 | -€29,004 | -8.0% |
| Amounts payable | 17/49 | €1,511,707 | €1,513,803 | +€2,095 | +0.1% |
| Amounts payable after more than one year | 17 | €1,249,880 | €434,587 | -€815,293 | -65.2% |
| Financial debts | 170/4 | €1,249,880 | €434,587 | -€815,293 | -65.2% |
| Amounts payable within one year | 42/48 | €261,827 | €1,079,216 | +€817,388 | +312% |
| Financial debts | 43 | €0 | €2,020 | +€2,020 | |
| Credit institutions | 430/8 | €0 | €2,020 | +€2,020 | |
| Trade debts | 44 | €55,718 | €5,681 | -€50,038 | -89.8% |
| Suppliers | 440/4 | €55,718 | €5,681 | -€50,038 | -89.8% |
| Taxes, remuneration and social security | 45 | €4,072 | €11,391 | +€7,320 | +180% |
| Taxes | 450/3 | €1,477 | €2,283 | +€807 | +54.6% |
| Remuneration and social security | 454/9 | €2,595 | €9,108 | +€6,513 | +251% |
| Other amounts payable | 47/48 | €202,037 | €1,060,124 | +€858,087 | +425% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,906 | €40,101 | +€26,195 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,745 | €55,100 | +€356 | +0.6% |
| Other operating charges | 640/8 | €544 | €12,052 | +€11,508 | +2,116% |
| Gross operating margin | 9900 | €118,182 | €121,754 | +€3,572 | +3.0% |
| Operating profit (loss) | 9901 | €48,988 | €14,501 | -€34,487 | -70.4% |
| Financial income | 75/76B | €259 | €1,844 | +€1,584 | +612% |
| Recurring financial income | 75 | €259 | €1,844 | +€1,584 | +612% |
| Financial charges | 65/66B | €77,151 | €45,348 | -€31,803 | -41.2% |
| Recurring financial charges | 65 | €77,151 | €45,348 | -€31,803 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,904 | -€29,004 | -€1,099 | -3.9% |
| Profit (loss) for the period | 9904 | -€27,904 | -€29,004 | -€1,099 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,904 | -€29,004 | -€1,099 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.