GREENCONCEPTS: 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.
GREENCONCEPTS
Largest movements
- Tangible fixed assets +€110,888
up €110,888 (+2632.9%), from €4,212 to €115,100
of which Land and buildings: +€93,834
- Receivables after one year -€67,038
down €67,038 (-82.7%), from €81,062 to €14,023
- Cash +€45,576
up €45,576 (+380.3%), from €11,983 to €57,559
mainly Debts after one year (+€93,523) and Receivables after one year (+€67,038)
- Receivables within one year -€26,435
down €26,435 (-77.0%), from €34,327 to €7,892
of which Trade receivables: -€28,860
- Debts after one year +€93,523
up €93,523 (+960.7%), from €9,735 to €103,258
- Reserves -€64,093
down €64,093 (-71.1%), from €90,113 to €26,020
- Other debts +€16,498
new in 2025: €16,498
- Trade debts +€13,267
up €13,267 (+92.4%), from €14,364 to €27,631
- Current portion of long-term debt +€9,061
up €9,061 (+124.3%), from €7,287 to €16,348
- Gross operating margin +€43,967
up €43,967 (+37.2%), from €118,239 to €162,206
- Other operating charges +€11,677
up €11,677 (+902.3%), from €1,294 to €12,971
- Staff costs +€11,583
up €11,583 (+15.4%), from €75,436 to €87,019
- Taxes +€4,269
up €4,269 (+51.4%), from €8,306 to €12,575
- Depreciation -€3,206
down €3,206 (-46.5%), from €6,895 to €3,689
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 | €147,849 | €212,338 | +€64,489 | +43.6% |
| Fixed assets | 21/28 | €4,212 | €116,360 | +€112,148 | +2662.8% |
| Tangible fixed assets | 22/27 | €4,212 | €115,100 | +€110,888 | +2632.9% |
| Land and buildings | 22 | - | €93,834 | +€93,834 | |
| Plant, machinery and equipment | 23 | €3,955 | €2,818 | -€1,137 | -28.7% |
| Furniture and vehicles | 24 | €256 | €18,448 | +€18,192 | +7101.7% |
| Financial fixed assets | 28 | - | €1,260 | +€1,260 | |
| Current assets | 29/58 | €143,637 | €95,978 | -€47,659 | -33.2% |
| Amounts receivable after more than one year | 29 | €81,062 | €14,023 | -€67,038 | -82.7% |
| Other amounts receivable | 291 | €81,062 | €14,023 | -€67,038 | -82.7% |
| Stocks and contracts in progress | 3 | €12,479 | €12,479 | = | 0.0% |
| Stocks | 30/36 | €12,479 | €12,479 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,327 | €7,892 | -€26,435 | -77.0% |
| Trade receivables | 40 | €34,327 | €5,467 | -€28,860 | -84.1% |
| Other amounts receivable | 41 | - | €2,425 | +€2,425 | |
| Cash at bank and in hand | 54/58 | €11,983 | €57,559 | +€45,576 | +380.3% |
| Deferred charges and accrued income | 490/1 | €3,787 | €4,025 | +€238 | +6.3% |
| Total equity and liabilities | 10/49 | €147,849 | €212,338 | +€64,489 | +43.6% |
| Equity | 10/15 | €93,113 | €29,020 | -€64,093 | -68.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,113 | €26,020 | -€64,093 | -71.1% |
| Distributable reserves | 133 | €90,113 | €26,020 | -€64,093 | -71.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,736 | €183,318 | +€128,582 | +234.9% |
| Amounts payable after more than one year | 17 | €9,735 | €103,258 | +€93,523 | +960.7% |
| Financial debts | 170/4 | €9,735 | €103,258 | +€93,523 | +960.7% |
| Amounts payable within one year | 42/48 | €44,803 | €79,770 | +€34,967 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €7,287 | €16,348 | +€9,061 | +124.3% |
| Trade debts | 44 | €14,364 | €27,631 | +€13,267 | +92.4% |
| Suppliers | 440/4 | €14,364 | €27,631 | +€13,267 | +92.4% |
| Taxes, remuneration and social security | 45 | €23,152 | €19,292 | -€3,860 | -16.7% |
| Taxes | 450/3 | €16,651 | €12,301 | -€4,350 | -26.1% |
| Remuneration and social security | 454/9 | €6,502 | €6,991 | +€490 | +7.5% |
| Other amounts payable | 47/48 | - | €16,498 | +€16,498 | |
| Accrued charges and deferred income | 492/3 | €198 | €290 | +€92 | +46.4% |
| Remuneration, social security and pensions | 62 | €75,436 | €87,019 | +€11,583 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,895 | €3,689 | -€3,206 | -46.5% |
| Other operating charges | 640/8 | €1,294 | €12,971 | +€11,677 | +902.3% |
| Gross operating margin | 9900 | €118,239 | €162,206 | +€43,967 | +37.2% |
| Operating profit (loss) | 9901 | €34,614 | €58,526 | +€23,913 | +69.1% |
| Financial income | 75/76B | €164 | €397 | +€233 | +141.8% |
| Recurring financial income | 75 | €164 | €397 | +€233 | +141.8% |
| Financial charges | 65/66B | €2,352 | €3,830 | +€1,479 | +62.9% |
| Recurring financial charges | 65 | €2,352 | €3,830 | +€1,479 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €32,426 | €55,093 | +€22,666 | +69.9% |
| Income taxes | 67/77 | €8,306 | €12,575 | +€4,269 | +51.4% |
| Profit (loss) for the period | 9904 | €24,120 | €42,518 | +€18,398 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,120 | €42,518 | +€18,398 | +76.3% |
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.