GREENDOCK: 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.
GREENDOCK
Largest movements
- Cash -€55,750
down €55,750 (-90.4%), from €61,703 to €5,953
mainly Trade debts (-€124,431) and Debts after one year (-€9,264)
- Receivables within one year -€45,349
down €45,349 (-10.5%), from €433,763 to €388,415
of which Trade receivables: -€27,264
- Trade debts -€124,431
down €124,431 (-40.5%), from €306,861 to €182,430
- Reserves +€26,039
up €26,039 (+10.0%), from €260,565 to €286,604
of which Distributable reserves: +€26,039
- Short-term financial debts +€10,000
new in 2025: €10,000
- Debts after one year -€9,264
down €9,264 (-49.0%), from €18,895 to €9,632
- Gross operating margin +€10,298
up €10,298 (+8.7%), from €118,575 to €128,873
- Financial charges -€4,599
down €4,599 (-62.1%), from €7,410 to €2,811
- Financial income -€2,933
down €2,933 (-100.0%), from €2,934 to €1
- Taxes +€2,572
up €2,572 (+23.9%), from €10,746 to €13,318
- Other operating charges +€2,028
up €2,028 (+117%), from €1,737 to €3,765
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 | €644,324 | €544,507 | -€99,817 | -15.5% |
| Fixed assets | 21/28 | €16,875 | €13,930 | -€2,946 | -17.5% |
| Tangible fixed assets | 22/27 | €16,875 | €13,930 | -€2,946 | -17.5% |
| Plant, machinery and equipment | 23 | €1,147 | €624 | -€523 | -45.6% |
| Furniture and vehicles | 24 | €1,836 | €570 | -€1,266 | -69.0% |
| Other tangible fixed assets | 26 | €13,893 | €12,735 | -€1,157 | -8.3% |
| Current assets | 29/58 | €627,449 | €530,578 | -€96,871 | -15.4% |
| Stocks and contracts in progress | 3 | €130,227 | €134,915 | +€4,688 | +3.6% |
| Stocks | 30/36 | €130,227 | €134,915 | +€4,688 | +3.6% |
| Amounts receivable within one year | 40/41 | €433,763 | €388,415 | -€45,349 | -10.5% |
| Trade receivables | 40 | €369,636 | €342,372 | -€27,264 | -7.4% |
| Other amounts receivable | 41 | €64,128 | €46,043 | -€18,084 | -28.2% |
| Cash at bank and in hand | 54/58 | €61,703 | €5,953 | -€55,750 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,756 | €1,295 | -€461 | -26.3% |
| Total equity and liabilities | 10/49 | €644,324 | €544,507 | -€99,817 | -15.5% |
| Equity | 10/15 | €266,765 | €292,804 | +€26,039 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,565 | €286,604 | +€26,039 | +10.0% |
| Tax-exempt reserves | 132 | €663 | €663 | = | 0.0% |
| Distributable reserves | 133 | €259,901 | €285,940 | +€26,039 | +10.0% |
| Amounts payable | 17/49 | €377,560 | €251,704 | -€125,856 | -33.3% |
| Amounts payable after more than one year | 17 | €18,895 | €9,632 | -€9,264 | -49.0% |
| Financial debts | 170/4 | €18,895 | €9,632 | -€9,264 | -49.0% |
| Amounts payable within one year | 42/48 | €358,664 | €242,072 | -€116,592 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €11,015 | €10,264 | -€752 | -6.8% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €306,861 | €182,430 | -€124,431 | -40.5% |
| Suppliers | 440/4 | €306,861 | €182,430 | -€124,431 | -40.5% |
| Taxes, remuneration and social security | 45 | €17,193 | €13,320 | -€3,873 | -22.5% |
| Taxes | 450/3 | - | €4,590 | +€4,590 | |
| Remuneration and social security | 454/9 | €17,193 | €8,730 | -€8,464 | -49.2% |
| Other amounts payable | 47/48 | €23,595 | €26,059 | +€2,464 | +10.4% |
| Remuneration, social security and pensions | 62 | €77,354 | €76,554 | -€800 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,205 | €2,946 | -€259 | -8.1% |
| Other operating charges | 640/8 | €1,737 | €3,765 | +€2,028 | +117% |
| Gross operating margin | 9900 | €118,575 | €128,873 | +€10,298 | +8.7% |
| Operating profit (loss) | 9901 | €36,279 | €45,608 | +€9,329 | +25.7% |
| Financial income | 75/76B | €2,934 | €1 | -€2,933 | -100.0% |
| Recurring financial income | 75 | €2,934 | €1 | -€2,933 | -100.0% |
| Financial charges | 65/66B | €7,410 | €2,811 | -€4,599 | -62.1% |
| Recurring financial charges | 65 | €7,410 | €2,811 | -€4,599 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €31,803 | €42,798 | +€10,995 | +34.6% |
| Income taxes | 67/77 | €10,746 | €13,318 | +€2,572 | +23.9% |
| Profit (loss) for the period | 9904 | €21,057 | €29,480 | +€8,424 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,057 | €29,480 | +€8,424 | +40.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.