GREENBOX: 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.
GREENBOX
Largest movements
- Cash +€137,801
up €137,801 (+34,091%), from €404 to €138,205
mainly Net result for the year (+€75,484) and Investment in fixed assets (net) (+€54,405)
- Tangible fixed assets -€71,467
down €71,467 (-16.8%), from €424,295 to €352,828
of which Land and buildings: -€109,035
- Other debts +€44,713
up €44,713 (+149%), from €30,000 to €74,713
- Short-term financial debts -€21,641
down €21,641 (-89.6%), from €24,141 to €2,500
- Tax, wage and social debts +€20,898
up €20,898 (+308%), from €6,794 to €27,692
- Debts after one year -€11,129
down €11,129 (-5.3%), from €208,885 to €197,756
of which Other amounts payable: -€10,985
- Current portion of long-term debt +€10,068
up €10,068 (+32.2%), from €31,250 to €41,318
- Gross operating margin +€43,356
up €43,356 (+41.1%), from €105,388 to €148,744
- Taxes +€24,178
up €24,178 (+167%), from €14,514 to €38,691
- Other operating charges +€5,821
up €5,821 (+229%), from €2,543 to €8,364
- Depreciation -€1,764
down €1,764 (-9.4%), from €18,825 to €17,061
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 | €516,471 | €579,359 | +€62,889 | +12.2% |
| Fixed assets | 21/28 | €508,236 | €436,769 | -€71,467 | -14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €424,295 | €352,828 | -€71,467 | -16.8% |
| Land and buildings | 22 | €353,256 | €244,221 | -€109,035 | -30.9% |
| Plant, machinery and equipment | 23 | €17,534 | €13,959 | -€3,575 | -20.4% |
| Furniture and vehicles | 24 | €0 | €47,368 | +€47,368 | |
| Other tangible fixed assets | 26 | €53,505 | €47,280 | -€6,225 | -11.6% |
| Financial fixed assets | 28 | €83,941 | €83,941 | = | 0.0% |
| Current assets | 29/58 | €8,235 | €142,590 | +€134,355 | +1,632% |
| Amounts receivable within one year | 40/41 | €3,671 | - | -€3,671 | |
| Trade receivables | 40 | €879 | - | -€879 | |
| Other amounts receivable | 41 | €2,792 | - | -€2,792 | |
| Cash at bank and in hand | 54/58 | €404 | €138,205 | +€137,801 | +34,091% |
| Deferred charges and accrued income | 490/1 | €4,160 | €4,385 | +€225 | +5.4% |
| Total equity and liabilities | 10/49 | €516,471 | €579,359 | +€62,889 | +12.2% |
| Equity | 10/15 | €198,559 | €206,830 | +€8,271 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €178,559 | €186,830 | +€8,271 | +4.6% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €176,559 | €186,830 | +€10,271 | +5.8% |
| Amounts payable | 17/49 | €317,912 | €372,529 | +€54,617 | +17.2% |
| Amounts payable after more than one year | 17 | €208,885 | €197,756 | -€11,129 | -5.3% |
| Financial debts | 170/4 | €122,396 | €122,252 | -€144 | -0.1% |
| Other amounts payable | 178/9 | €86,489 | €75,504 | -€10,985 | -12.7% |
| Amounts payable within one year | 42/48 | €97,844 | €161,325 | +€63,481 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €31,250 | €41,318 | +€10,068 | +32.2% |
| Financial debts | 43 | €24,141 | €2,500 | -€21,641 | -89.6% |
| Credit institutions | 430/8 | €24,141 | €2,500 | -€21,641 | -89.6% |
| Trade debts | 44 | €5,659 | €15,102 | +€9,442 | +167% |
| Suppliers | 440/4 | €5,659 | €15,102 | +€9,442 | +167% |
| Taxes, remuneration and social security | 45 | €6,794 | €27,692 | +€20,898 | +308% |
| Taxes | 450/3 | €6,794 | €27,692 | +€20,898 | +308% |
| Other amounts payable | 47/48 | €30,000 | €74,713 | +€44,713 | +149% |
| Accrued charges and deferred income | 492/3 | €11,184 | €13,449 | +€2,265 | +20.3% |
| Non-recurring operating income | 76A | - | €66,265 | +€66,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,825 | €17,061 | -€1,764 | -9.4% |
| Other operating charges | 640/8 | €2,543 | €8,364 | +€5,821 | +229% |
| Gross operating margin | 9900 | €105,388 | €148,744 | +€43,356 | +41.1% |
| Operating profit (loss) | 9901 | €84,020 | €123,319 | +€39,299 | +46.8% |
| Financial income | 75/76B | €1 | €0 | -€0 | -50.6% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -50.6% |
| Financial charges | 65/66B | €9,793 | €9,144 | -€649 | -6.6% |
| Recurring financial charges | 65 | €9,793 | €9,144 | -€649 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €74,228 | €114,175 | +€39,947 | +53.8% |
| Income taxes | 67/77 | €14,514 | €38,691 | +€24,178 | +167% |
| Profit (loss) for the period | 9904 | €59,715 | €75,484 | +€15,770 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,715 | €75,484 | +€15,770 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.