GREEN16RAYS: 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.
GREEN16RAYS
Largest movements
- Cash -€23,894
down €23,894 (-49.0%), from €48,721 to €24,827
mainly Receivables within one year (-€23,440) and Debts after one year (-€11,256)
- Receivables within one year +€23,440
up €23,440 (+615.7%), from €3,807 to €27,247
of which Other amounts receivable: +€13,266
- Tangible fixed assets -€12,275
down €12,275 (-42.4%), from €28,958 to €16,683
of which Furniture and vehicles: -€13,334
- Deferred charges and accrued income -€1,229
down €1,229 (-94.4%), from €1,302 to €73
- Debts after one year -€11,256
down €11,256 (-85.4%), from €13,175 to €1,918
- Trade debts -€1,911
down €1,911 (-74.5%), from €2,565 to €654
- Profit (loss) carried forward -€1,514
down €1,514 (-12.5%), from €12,116 to €10,602
- Tax, wage and social debts +€1,287
up €1,287 (+61.3%), from €2,100 to €3,387
of which Taxes: +€2,081
- Other debts -€991
down €991 (-98.8%), from €1,003 to €12
- Gross operating margin -€38,397
down €38,397 (-63.7%), from €60,277 to €21,880
- Taxes -€8,612
down €8,612 (-80.5%), from €10,693 to €2,081
- Other operating charges -€5,472
down €5,472 (-73.6%), from €7,437 to €1,965
- Depreciation +€2,330
up €2,330 (+23.2%), from €10,058 to €12,388
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 | €82,787 | €68,830 | -€13,958 | -16.9% |
| Fixed assets | 21/28 | €28,958 | €16,683 | -€12,275 | -42.4% |
| Tangible fixed assets | 22/27 | €28,958 | €16,683 | -€12,275 | -42.4% |
| Plant, machinery and equipment | 23 | - | €1,059 | +€1,059 | |
| Furniture and vehicles | 24 | €28,958 | €15,624 | -€13,334 | -46.0% |
| Current assets | 29/58 | €53,830 | €52,147 | -€1,683 | -3.1% |
| Amounts receivable within one year | 40/41 | €3,807 | €27,247 | +€23,440 | +615.7% |
| Trade receivables | 40 | - | €10,174 | +€10,174 | |
| Other amounts receivable | 41 | €3,807 | €17,073 | +€13,266 | +348.5% |
| Cash at bank and in hand | 54/58 | €48,721 | €24,827 | -€23,894 | -49.0% |
| Deferred charges and accrued income | 490/1 | €1,302 | €73 | -€1,229 | -94.4% |
| Total equity and liabilities | 10/49 | €82,787 | €68,830 | -€13,958 | -16.9% |
| Equity | 10/15 | €53,116 | €51,602 | -€1,514 | -2.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,116 | €10,602 | -€1,514 | -12.5% |
| Amounts payable | 17/49 | €29,671 | €17,228 | -€12,443 | -41.9% |
| Amounts payable after more than one year | 17 | €13,175 | €1,918 | -€11,256 | -85.4% |
| Financial debts | 170/4 | €13,175 | €1,918 | -€11,256 | -85.4% |
| Amounts payable within one year | 42/48 | €16,497 | €15,309 | -€1,187 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,829 | €11,256 | +€427 | +3.9% |
| Trade debts | 44 | €2,565 | €654 | -€1,911 | -74.5% |
| Suppliers | 440/4 | €2,565 | €654 | -€1,911 | -74.5% |
| Taxes, remuneration and social security | 45 | €2,100 | €3,387 | +€1,287 | +61.3% |
| Taxes | 450/3 | - | €2,081 | +€2,081 | |
| Remuneration and social security | 454/9 | €2,100 | €1,306 | -€794 | -37.8% |
| Other amounts payable | 47/48 | €1,003 | €12 | -€991 | -98.8% |
| Remuneration, social security and pensions | 62 | €6,213 | €6,069 | -€144 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,058 | €12,388 | +€2,330 | +23.2% |
| Other operating charges | 640/8 | €7,437 | €1,965 | -€5,472 | -73.6% |
| Gross operating margin | 9900 | €60,277 | €21,880 | -€38,397 | -63.7% |
| Operating profit (loss) | 9901 | €36,569 | €1,458 | -€35,111 | -96.0% |
| Financial charges | 65/66B | €1,167 | €890 | -€276 | -23.7% |
| Recurring financial charges | 65 | €1,167 | €890 | -€276 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €35,402 | €567 | -€34,835 | -98.4% |
| Income taxes | 67/77 | €10,693 | €2,081 | -€8,612 | -80.5% |
| Profit (loss) for the period | 9904 | €24,709 | -€1,514 | -€26,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,709 | -€1,514 | -€26,223 |
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 30 September 2026 via checked.be.