GREENCOM DEVELOPMENT: 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.
GREENCOM DEVELOPMENT
Largest movements
- Receivables within one year +€151,994
up €151,994 (+4028.4%), from €3,773 to €155,767
of which Trade receivables: +€153,054
- Cash -€109,557
down €109,557 (-31.4%), from €348,711 to €239,153
mainly Receivables within one year (-€151,994) and Short-term financial debts (-€0)
- Profit (loss) carried forward +€27,760
up €27,760 (+13.4%), from €207,055 to €234,815
- Trade debts +€9,791
up €9,791 (+270.4%), from €3,620 to €13,411
- Financial income -€2,439
down €2,439 (-47.5%), from €5,133 to €2,694
- Gross operating margin +€2,176
up €2,176 (+7.8%), from €27,730 to €29,906
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 | €361,625 | €401,030 | +€39,406 | +10.9% |
| Fixed assets | 21/28 | €3,765 | €2,824 | -€941 | -25.0% |
| Intangible fixed assets | 21 | €3,765 | €2,824 | -€941 | -25.0% |
| Current assets | 29/58 | €357,860 | €398,206 | +€40,347 | +11.3% |
| Amounts receivable within one year | 40/41 | €3,773 | €155,767 | +€151,994 | +4028.4% |
| Trade receivables | 40 | €2,713 | €155,767 | +€153,054 | +5641.3% |
| Other amounts receivable | 41 | €1,060 | €0 | -€1,060 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €348,711 | €239,153 | -€109,557 | -31.4% |
| Deferred charges and accrued income | 490/1 | €5,376 | €3,286 | -€2,090 | -38.9% |
| Total equity and liabilities | 10/49 | €361,625 | €401,030 | +€39,406 | +10.9% |
| Equity | 10/15 | €354,907 | €382,666 | +€27,760 | +7.8% |
| Contributions | 10/11 | €147,852 | €147,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,055 | €234,815 | +€27,760 | +13.4% |
| Amounts payable | 17/49 | €6,718 | €18,364 | +€11,646 | +173.4% |
| Amounts payable within one year | 42/48 | €6,718 | €18,364 | +€11,646 | +173.4% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €3,620 | €13,411 | +€9,791 | +270.4% |
| Suppliers | 440/4 | €3,620 | €13,411 | +€9,791 | +270.4% |
| Taxes, remuneration and social security | 45 | €588 | €2,404 | +€1,817 | +309.1% |
| Taxes | 450/3 | €588 | €2,404 | +€1,817 | +309.1% |
| Other amounts payable | 47/48 | €2,510 | €2,549 | +€39 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941 | €941 | = | 0.0% |
| Other operating charges | 640/8 | €3,517 | €3,475 | -€42 | -1.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,730 | €29,906 | +€2,176 | +7.8% |
| Operating profit (loss) | 9901 | €23,272 | €25,491 | +€2,218 | +9.5% |
| Financial income | 75/76B | €5,133 | €2,694 | -€2,439 | -47.5% |
| Recurring financial income | 75 | €5,133 | €2,694 | -€2,439 | -47.5% |
| Financial charges | 65/66B | €290 | €425 | +€135 | +46.6% |
| Recurring financial charges | 65 | €290 | €425 | +€135 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €28,115 | €27,760 | -€356 | -1.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €28,115 | €27,760 | -€356 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,115 | €27,760 | -€356 | -1.3% |
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 3 October 2026 via checked.be.