GREENFARMERZ: 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.
GREENFARMERZ
Largest movements
- Receivables within one year +€283,919
up €283,919 (+160%), from €177,518 to €461,437
of which Trade receivables: +€288,220
- Trade debts +€231,062
up €231,062 (+216%), from €107,218 to €338,280
- Short-term financial debts +€41,406
new in 2024: €41,406
- Other debts +€32,935
up €32,935 (+372%), from €8,853 to €41,788
- Profit (loss) carried forward -€14,747
down €14,747, from €8,719 to -€6,028
- Tax, wage and social debts -€7,340
down €7,340 (-41.6%), from €17,633 to €10,293
of which Remuneration and social security: -€6,911
- Gross operating margin -€21,965
down €21,965 (-76.8%), from €28,614 to €6,648
- Depreciation +€3,333
up €3,333 (+500%), from €667 to €4,000
- Staff costs -€3,184
down €3,184 (-24.1%), from €13,230 to €10,046
- Taxes -€2,831
down €2,831 (-58.4%), from €4,843 to €2,013
- Other operating charges -€2,399
down €2,399 (-48.7%), from €4,928 to €2,529
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,754 | €468,770 | +€277,016 | +144% |
| Fixed assets | 21/28 | €11,333 | €7,333 | -€4,000 | -35.3% |
| Tangible fixed assets | 22/27 | €11,333 | €7,333 | -€4,000 | -35.3% |
| Furniture and vehicles | 24 | €11,333 | €7,333 | -€4,000 | -35.3% |
| Current assets | 29/58 | €180,421 | €461,437 | +€281,016 | +156% |
| Amounts receivable within one year | 40/41 | €177,518 | €461,437 | +€283,919 | +160% |
| Trade receivables | 40 | €172,800 | €461,020 | +€288,220 | +167% |
| Other amounts receivable | 41 | €4,718 | €417 | -€4,301 | -91.2% |
| Cash at bank and in hand | 54/58 | €2,903 | - | -€2,903 | |
| Total equity and liabilities | 10/49 | €191,754 | €468,770 | +€277,016 | +144% |
| Equity | 10/15 | €38,719 | €23,972 | -€14,747 | -38.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,719 | -€6,028 | -€14,747 | |
| Amounts payable | 17/49 | €153,035 | €444,798 | +€291,763 | +191% |
| Amounts payable after more than one year | 17 | €12,000 | €6,271 | -€5,729 | -47.7% |
| Financial debts | 170/4 | €12,000 | €6,271 | -€5,729 | -47.7% |
| Amounts payable within one year | 42/48 | €141,035 | €438,527 | +€297,492 | +211% |
| Current portion of amounts payable after more than one year | 42 | - | €2,929 | +€2,929 | |
| Financial debts | 43 | - | €41,406 | +€41,406 | |
| Credit institutions | 430/8 | - | €41,406 | +€41,406 | |
| Trade debts | 44 | €107,218 | €338,280 | +€231,062 | +216% |
| Suppliers | 440/4 | €107,218 | €338,280 | +€231,062 | +216% |
| Advances received on contracts in progress | 46 | €7,330 | €3,830 | -€3,500 | -47.7% |
| Taxes, remuneration and social security | 45 | €17,633 | €10,293 | -€7,340 | -41.6% |
| Taxes | 450/3 | €8,842 | €8,413 | -€429 | -4.9% |
| Remuneration and social security | 454/9 | €8,791 | €1,880 | -€6,911 | -78.6% |
| Other amounts payable | 47/48 | €8,853 | €41,788 | +€32,935 | +372% |
| Remuneration, social security and pensions | 62 | €13,230 | €10,046 | -€3,184 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €4,000 | +€3,333 | +500% |
| Other operating charges | 640/8 | €4,928 | €2,529 | -€2,399 | -48.7% |
| Gross operating margin | 9900 | €28,614 | €6,648 | -€21,965 | -76.8% |
| Operating profit (loss) | 9901 | €9,789 | -€9,927 | -€19,716 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €744 | €2,808 | +€2,064 | +277% |
| Recurring financial charges | 65 | €744 | €2,808 | +€2,064 | +277% |
| Profit (loss) for the period before taxes | 9903 | €9,045 | -€12,735 | -€21,780 | |
| Income taxes | 67/77 | €4,843 | €2,013 | -€2,831 | -58.4% |
| Profit (loss) for the period | 9904 | €4,202 | -€14,747 | -€18,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,202 | -€14,747 | -€18,949 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.