GREENER M: 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.
GREENER M
Largest movements
- Tangible fixed assets -€490,807
down €490,807 (-3.6%), from €13.5m to €13.0m
- Receivables within one year +€390,752
up €390,752 (+14.0%), from €2.8m to €3.2m
- Cash +€351,803
up €351,803 (+3,524%), from €9,984 to €361,787
mainly Net result for the year (+€555,272) and Depreciation (+€490,807)
- Debts after one year -€662,477
down €662,477 (-4.7%), from €14.0m to €13.3m
- Profit (loss) carried forward +€557,977
up €557,977, from -€495,901 to €62,076
- Accrued charges and deferred income +€338,693
new in 2025: €338,693
- Gross operating margin +€109,166
up €109,166 (+9.3%), from €1.2m to €1.3m
- Purchases and services -€61,305
down €61,305 (-48.4%), from €126,537 to €65,232
- Turnover +€47,861
up €47,861 (+3.7%), from €1.3m to €1.3m
- Financial income +€29,865
up €29,865 (+14.8%), from €201,287 to €231,152
- Financial charges -€13,505
down €13,505 (-2.8%), from €479,258 to €465,753
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 | €16,332,286 | €16,584,034 | +€251,748 | +1.5% |
| Fixed assets | 21/28 | €13,530,080 | €13,039,273 | -€490,807 | -3.6% |
| Tangible fixed assets | 22/27 | €13,530,080 | €13,039,273 | -€490,807 | -3.6% |
| Land and buildings | 22 | €13,530,080 | €13,039,273 | -€490,807 | -3.6% |
| Current assets | 29/58 | €2,802,205 | €3,544,761 | +€742,555 | +26.5% |
| Amounts receivable within one year | 40/41 | €2,792,221 | €3,182,974 | +€390,752 | +14.0% |
| Other amounts receivable | 41 | €2,792,221 | €3,182,974 | +€390,752 | +14.0% |
| Cash at bank and in hand | 54/58 | €9,984 | €361,787 | +€351,803 | +3,524% |
| Total equity and liabilities | 10/49 | €16,332,286 | €16,584,034 | +€251,748 | +1.5% |
| Equity | 10/15 | -€485,901 | €72,076 | +€557,977 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€495,901 | €62,076 | +€557,977 | |
| Amounts payable | 17/49 | €16,818,186 | €16,511,958 | -€306,229 | -1.8% |
| Amounts payable after more than one year | 17 | €13,971,059 | €13,308,582 | -€662,477 | -4.7% |
| Financial debts | 170/4 | €13,971,059 | €13,308,582 | -€662,477 | -4.7% |
| Amounts payable within one year | 42/48 | €2,847,127 | €2,864,682 | +€17,555 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €644,128 | €662,477 | +€18,348 | +2.8% |
| Trade debts | 44 | €48,537 | €47,552 | -€985 | -2.0% |
| Suppliers | 440/4 | €48,537 | €47,552 | -€985 | -2.0% |
| Other amounts payable | 47/48 | €2,154,462 | €2,154,654 | +€192 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €338,693 | +€338,693 | |
| Turnover | 70 | €1,299,118 | €1,346,979 | +€47,861 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,537 | €65,232 | -€61,305 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490,807 | €490,807 | -€0 | 0.0% |
| Other operating charges | 640/8 | €968 | €1,068 | +€100 | +10.3% |
| Gross operating margin | 9900 | €1,172,581 | €1,281,747 | +€109,166 | +9.3% |
| Operating profit (loss) | 9901 | €680,807 | €789,873 | +€109,066 | +16.0% |
| Financial income | 75/76B | €201,287 | €231,152 | +€29,865 | +14.8% |
| Recurring financial income | 75 | €201,287 | €231,152 | +€29,865 | +14.8% |
| Financial charges | 65/66B | €479,258 | €465,753 | -€13,505 | -2.8% |
| Recurring financial charges | 65 | €479,258 | €465,753 | -€13,505 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €402,835 | €555,272 | +€152,436 | +37.8% |
| Profit (loss) for the period | 9904 | €402,835 | €555,272 | +€152,436 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €402,835 | €555,272 | +€152,436 | +37.8% |
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 31 October 2026 via checked.be.