GREEN4GROWTH: 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.
GREEN4GROWTH
Largest movements
- Receivables within one year +€127,792
up €127,792 (+432%), from €29,606 to €157,397
of which Other amounts receivable: +€114,837
- Cash +€90,943
up €90,943 (+156%), from €58,275 to €149,218
mainly Accrued charges and deferred income (+€125,988) and Net result for the year (+€87,947)
- Accrued charges and deferred income +€125,988
up €125,988 (+224%), from €56,213 to €182,201
- Reserves +€60,866
new in 2025: €60,866
- Other debts +€33,035
up €33,035 (+31,438%), from €105 to €33,140
- Profit (loss) carried forward -€12,919
no longer reported in 2025 (was €12,919)
- Tax, wage and social debts +€11,077
up €11,077 (+149%), from €7,429 to €18,506
of which Taxes: +€10,727
- Gross operating margin +€118,628
up €118,628 (+3,361%), from €3,529 to €122,158
- Taxes +€31,215
up €31,215 (+4,352%), from €717 to €31,932
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 | €89,503 | €308,356 | +€218,853 | +245% |
| Fixed assets | 21/28 | €1,623 | €1,595 | -€28 | -1.7% |
| Intangible fixed assets | 21 | €351 | €17 | -€333 | -95.0% |
| Tangible fixed assets | 22/27 | €1,272 | €1,577 | +€305 | +24.0% |
| Furniture and vehicles | 24 | €1,272 | €1,577 | +€305 | +24.0% |
| Current assets | 29/58 | €87,880 | €306,762 | +€218,881 | +249% |
| Amounts receivable within one year | 40/41 | €29,606 | €157,397 | +€127,792 | +432% |
| Trade receivables | 40 | €2,250 | €15,205 | +€12,955 | +576% |
| Other amounts receivable | 41 | €27,356 | €142,192 | +€114,837 | +420% |
| Cash at bank and in hand | 54/58 | €58,275 | €149,218 | +€90,943 | +156% |
| Deferred charges and accrued income | 490/1 | - | €146 | +€146 | |
| Total equity and liabilities | 10/49 | €89,503 | €308,356 | +€218,853 | +245% |
| Equity | 10/15 | €22,919 | €70,866 | +€47,947 | +209% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €60,866 | +€60,866 | |
| Distributable reserves | 133 | - | €60,866 | +€60,866 | |
| Profit (loss) carried forward | 14 | €12,919 | - | -€12,919 | |
| Amounts payable | 17/49 | €66,584 | €237,490 | +€170,906 | +257% |
| Amounts payable within one year | 42/48 | €10,371 | €55,289 | +€44,918 | +433% |
| Trade debts | 44 | €2,837 | €3,643 | +€805 | +28.4% |
| Suppliers | 440/4 | €2,837 | €3,643 | +€805 | +28.4% |
| Taxes, remuneration and social security | 45 | €7,429 | €18,506 | +€11,077 | +149% |
| Taxes | 450/3 | €4,929 | €15,656 | +€10,727 | +218% |
| Remuneration and social security | 454/9 | €2,500 | €2,850 | +€350 | +14.0% |
| Other amounts payable | 47/48 | €105 | €33,140 | +€33,035 | +31,438% |
| Accrued charges and deferred income | 492/3 | €56,213 | €182,201 | +€125,988 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €1,178 | -€60 | -4.8% |
| Other operating charges | 640/8 | - | €825 | +€825 | |
| Gross operating margin | 9900 | €3,529 | €122,158 | +€118,628 | +3,361% |
| Operating profit (loss) | 9901 | €2,292 | €120,155 | +€117,863 | +5,143% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €132 | €277 | +€145 | +110% |
| Recurring financial charges | 65 | €132 | €277 | +€145 | +110% |
| Profit (loss) for the period before taxes | 9903 | €2,160 | €119,879 | +€117,719 | +5,450% |
| Income taxes | 67/77 | €717 | €31,932 | +€31,215 | +4,352% |
| Profit (loss) for the period | 9904 | €1,443 | €87,947 | +€86,505 | +5,997% |
| Profit (loss) for the period to be appropriated | 9905 | €1,443 | €87,947 | +€86,505 | +5,997% |
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 15 October 2026 via checked.be.