Greenco2: 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.
Greenco2
Largest movements
- Tangible fixed assets -€1.0m
down €1.0m (-8.0%), from €12.6m to €11.6m
of which Plant, machinery and equipment: -€715,408
- Stocks and contracts +€189,105
up €189,105 (+269%), from €70,286 to €259,391
- Debts after one year -€919,970
down €919,970 (-8.4%), from €11.0m to €10.1m
- Advances received +€138,721
up €138,721 (+10.2%), from €1.4m to €1.5m
- Turnover +€617,868
up €617,868 (+10.6%), from €5.8m to €6.4m
- Goods and materials +€614,549
up €614,549 (+19.9%), from €3.1m to €3.7m
of which Purchases: +€818,774
- Depreciation +€84,633
up €84,633 (+6.3%), from €1.4m to €1.4m
- Services and other goods -€74,130
down €74,130 (-5.4%), from €1.4m to €1.3m
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 | €13,646,588 | €12,941,832 | -€704,755 | -5.2% |
| Fixed assets | 21/28 | €12,618,190 | €11,606,265 | -€1.0m | -8.0% |
| Tangible fixed assets | 22/27 | €12,618,190 | €11,606,265 | -€1.0m | -8.0% |
| Land and buildings | 22 | €132,050 | €113,373 | -€18,677 | -14.1% |
| Plant, machinery and equipment | 23 | €12,208,300 | €11,492,892 | -€715,408 | -5.9% |
| Assets under construction and advance payments | 27 | €277,840 | €0 | -€277,840 | -100% |
| Current assets | 29/58 | €1,028,397 | €1,335,568 | +€307,170 | +29.9% |
| Stocks and contracts in progress | 3 | €70,286 | €259,391 | +€189,105 | +269% |
| Stocks | 30/36 | €70,286 | €259,391 | +€189,105 | +269% |
| Raw materials and consumables | 30/31 | €70,286 | €259,391 | +€189,105 | +269% |
| Amounts receivable within one year | 40/41 | €921,739 | €1,047,001 | +€125,262 | +13.6% |
| Trade receivables | 40 | €770,924 | €827,327 | +€56,402 | +7.3% |
| Other amounts receivable | 41 | €150,815 | €219,674 | +€68,860 | +45.7% |
| Cash at bank and in hand | 54/58 | €36,372 | €29,175 | -€7,197 | -19.8% |
| Total equity and liabilities | 10/49 | €13,646,588 | €12,941,832 | -€704,755 | -5.2% |
| Equity | 10/15 | €61,500 | €61,500 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Amounts payable | 17/49 | €13,585,088 | €12,880,332 | -€704,755 | -5.2% |
| Amounts payable after more than one year | 17 | €10,973,166 | €10,053,196 | -€919,970 | -8.4% |
| Advances received on contracts in progress | 176 | €10,973,166 | €10,053,196 | -€919,970 | -8.4% |
| Amounts payable within one year | 42/48 | €2,611,921 | €2,827,136 | +€215,215 | +8.2% |
| Trade debts | 44 | €1,255,364 | €1,331,858 | +€76,494 | +6.1% |
| Suppliers | 440/4 | €1,255,364 | €1,331,858 | +€76,494 | +6.1% |
| Advances received on contracts in progress | 46 | €1,356,557 | €1,495,278 | +€138,721 | +10.2% |
| Operating income | 70/76A | €5,809,025 | €6,426,892 | +€617,868 | +10.6% |
| Turnover | 70 | €5,809,025 | €6,426,892 | +€617,868 | +10.6% |
| Operating charges | 60/66A | €5,808,900 | €6,426,716 | +€617,816 | +10.6% |
| Goods for resale, raw materials and consumables | 60 | €3,080,901 | €3,695,450 | +€614,549 | +19.9% |
| Purchases | 600/8 | €3,065,781 | €3,884,555 | +€818,774 | +26.7% |
| Change in stocks: decrease (increase) | 609 | €15,120 | -€189,105 | -€204,225 | |
| Services and other goods | 61 | €1,368,063 | €1,293,933 | -€74,130 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351,201 | €1,435,834 | +€84,633 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,735 | €1,499 | -€7,236 | -82.8% |
| Operating profit (loss) | 9901 | €125 | €176 | +€51 | +41.1% |
| Financial charges | 65/66B | €125 | €176 | +€51 | +41.1% |
| Recurring financial charges | 65 | €125 | €176 | +€51 | +41.1% |
| Debt charges | 650 | €125 | €176 | +€51 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
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 18 October 2026 via checked.be.