Greenex: 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.
Greenex
Largest movements
- Cash -€120,760
down €120,760 (-53.5%), from €225,770 to €105,011
mainly Stocks and contracts (-€96,758) and Debts after one year (-€59,214)
- Stocks and contracts +€96,758
up €96,758 (+19.3%), from €501,419 to €598,176
- Tangible fixed assets -€69,574
down €69,574 (-19.7%), from €353,114 to €283,540
of which Leasing and similar rights: -€61,794
- Deferred charges and accrued income -€40,688
down €40,688 (-61.7%), from €65,971 to €25,284
- Receivables within one year +€21,921
up €21,921 (+11.1%), from €197,274 to €219,195
of which Trade receivables: +€42,108
- Debts after one year -€59,214
down €59,214 (-28.2%), from €210,234 to €151,020
- Reserves +€48,667
up €48,667 (+13.5%), from €359,904 to €408,571
- Other debts -€44,152
down €44,152 (-17.3%), from €255,579 to €211,426
- Trade debts -€19,151
down €19,151 (-16.7%), from €114,858 to €95,708
- Short-term financial debts -€17,539
down €17,539 (-58.5%), from €30,000 to €12,461
- Gross operating margin +€76,607
up €76,607 (+24.1%), from €318,226 to €394,834
- Staff costs +€62,160
up €62,160 (+37.3%), from €166,721 to €228,881
- Depreciation +€13,711
up €13,711 (+18.4%), from €74,431 to €88,142
- Financial income -€7,456
down €7,456 (-84.0%), from €8,874 to €1,418
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 | €1,345,879 | €1,231,423 | -€114,456 | -8.5% |
| Fixed assets | 21/28 | €355,445 | €283,757 | -€71,688 | -20.2% |
| Intangible fixed assets | 21 | €2,323 | €209 | -€2,114 | -91.0% |
| Tangible fixed assets | 22/27 | €353,114 | €283,540 | -€69,574 | -19.7% |
| Land and buildings | 22 | €8,925 | €8,344 | -€582 | -6.5% |
| Plant, machinery and equipment | 23 | €83,564 | €73,114 | -€10,451 | -12.5% |
| Furniture and vehicles | 24 | €3,593 | €8,973 | +€5,380 | +149.7% |
| Leasing and similar rights | 25 | €243,140 | €181,346 | -€61,794 | -25.4% |
| Other tangible fixed assets | 26 | €13,890 | €11,763 | -€2,127 | -15.3% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €990,434 | €947,666 | -€42,768 | -4.3% |
| Stocks and contracts in progress | 3 | €501,419 | €598,176 | +€96,758 | +19.3% |
| Stocks | 30/36 | €501,419 | €598,176 | +€96,758 | +19.3% |
| Amounts receivable within one year | 40/41 | €197,274 | €219,195 | +€21,921 | +11.1% |
| Trade receivables | 40 | €149,944 | €192,053 | +€42,108 | +28.1% |
| Other amounts receivable | 41 | €47,330 | €27,142 | -€20,187 | -42.7% |
| Cash at bank and in hand | 54/58 | €225,770 | €105,011 | -€120,760 | -53.5% |
| Deferred charges and accrued income | 490/1 | €65,971 | €25,284 | -€40,688 | -61.7% |
| Total equity and liabilities | 10/49 | €1,345,879 | €1,231,423 | -€114,456 | -8.5% |
| Equity | 10/15 | €610,373 | €658,571 | +€48,198 | +7.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €359,904 | €408,571 | +€48,667 | +13.5% |
| Distributable reserves | 133 | €359,904 | €408,571 | +€48,667 | +13.5% |
| Profit (loss) carried forward | 14 | €469 | €0 | -€469 | -100.0% |
| Amounts payable | 17/49 | €735,505 | €572,852 | -€162,654 | -22.1% |
| Amounts payable after more than one year | 17 | €210,234 | €151,020 | -€59,214 | -28.2% |
| Financial debts | 170/4 | €210,234 | €151,020 | -€59,214 | -28.2% |
| Amounts payable within one year | 42/48 | €525,172 | €421,687 | -€103,484 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €64,975 | €59,214 | -€5,761 | -8.9% |
| Financial debts | 43 | €30,000 | €12,461 | -€17,539 | -58.5% |
| Credit institutions | 430/8 | €30,000 | €12,461 | -€17,539 | -58.5% |
| Trade debts | 44 | €114,858 | €95,708 | -€19,151 | -16.7% |
| Suppliers | 440/4 | €114,858 | €95,708 | -€19,151 | -16.7% |
| Taxes, remuneration and social security | 45 | €59,759 | €42,878 | -€16,881 | -28.2% |
| Taxes | 450/3 | €33,956 | €19,472 | -€14,484 | -42.7% |
| Remuneration and social security | 454/9 | €25,803 | €23,406 | -€2,397 | -9.3% |
| Other amounts payable | 47/48 | €255,579 | €211,426 | -€44,152 | -17.3% |
| Accrued charges and deferred income | 492/3 | €100 | €145 | +€45 | +44.6% |
| Remuneration, social security and pensions | 62 | €166,721 | €228,881 | +€62,160 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,431 | €88,142 | +€13,711 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€815 | -€815 | |
| Other operating charges | 640/8 | €2,612 | €3,629 | +€1,017 | +38.9% |
| Gross operating margin | 9900 | €318,226 | €394,834 | +€76,607 | +24.1% |
| Operating profit (loss) | 9901 | €74,462 | €74,997 | +€535 | +0.7% |
| Financial income | 75/76B | €8,874 | €1,418 | -€7,456 | -84.0% |
| Recurring financial income | 75 | €8,874 | €1,418 | -€7,456 | -84.0% |
| Financial charges | 65/66B | €16,850 | €16,285 | -€565 | -3.4% |
| Recurring financial charges | 65 | €16,850 | €16,285 | -€565 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €66,485 | €60,130 | -€6,355 | -9.6% |
| Income taxes | 67/77 | €14,798 | €11,932 | -€2,866 | -19.4% |
| Profit (loss) for the period | 9904 | €51,688 | €48,198 | -€3,490 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,688 | €48,198 | -€3,490 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.