GREENBUILD: 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.
GREENBUILD
Largest movements
- Cash +€413,913
up €413,913 (+23927.8%), from €1,730 to €415,643
mainly Investment in fixed assets (net) (+€202,792) and Net result for the year (+€132,833)
- Tangible fixed assets -€202,792
no longer reported in 2025 (was €202,792)
- Reserves +€132,833
up €132,833 (+98.6%), from €134,757 to €267,590
of which Distributable reserves: +€132,833
- Trade debts +€51,973
up €51,973 (+1381.4%), from €3,762 to €55,735
- Tax, wage and social debts +€27,556
new in 2025: €27,556
- Gross operating margin +€173,189
up €173,189 (+1578.6%), from €10,971 to €184,160
- Taxes +€47,556
new in 2025: €47,556
- Depreciation -€7,666
no longer reported in 2025 (was €7,666)
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 | €204,522 | €415,643 | +€211,121 | +103.2% |
| Fixed assets | 21/28 | €202,792 | - | -€202,792 | |
| Tangible fixed assets | 22/27 | €202,792 | - | -€202,792 | |
| Land and buildings | 22 | €202,792 | - | -€202,792 | |
| Current assets | 29/58 | €1,730 | €415,643 | +€413,913 | +23927.8% |
| Cash at bank and in hand | 54/58 | €1,730 | €415,643 | +€413,913 | +23927.8% |
| Total equity and liabilities | 10/49 | €204,522 | €415,643 | +€211,121 | +103.2% |
| Equity | 10/15 | €196,757 | €329,590 | +€132,833 | +67.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €134,757 | €267,590 | +€132,833 | +98.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €128,557 | €261,390 | +€132,833 | +103.3% |
| Amounts payable | 17/49 | €7,765 | €86,053 | +€78,288 | +1008.2% |
| Amounts payable within one year | 42/48 | €7,765 | €86,053 | +€78,288 | +1008.2% |
| Trade debts | 44 | €3,762 | €55,735 | +€51,973 | +1381.4% |
| Suppliers | 440/4 | €3,762 | €55,735 | +€51,973 | +1381.4% |
| Taxes, remuneration and social security | 45 | - | €27,556 | +€27,556 | |
| Taxes | 450/3 | - | €27,556 | +€27,556 | |
| Other amounts payable | 47/48 | €4,003 | €2,762 | -€1,241 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,666 | - | -€7,666 | |
| Other operating charges | 640/8 | €3,172 | €3,454 | +€281 | +8.9% |
| Gross operating margin | 9900 | €10,971 | €184,160 | +€173,189 | +1578.6% |
| Operating profit (loss) | 9901 | €133 | €180,706 | +€180,573 | +136014.9% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €129 | €317 | +€188 | +145.1% |
| Recurring financial charges | 65 | €129 | €317 | +€188 | +145.1% |
| Profit (loss) for the period before taxes | 9903 | €63 | €180,389 | +€180,327 | +287144.1% |
| Income taxes | 67/77 | - | €47,556 | +€47,556 | |
| Profit (loss) for the period | 9904 | €63 | €132,833 | +€132,770 | +211417.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63 | €132,833 | +€132,770 | +211417.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.