GREENFIELD: 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.
GREENFIELD
Largest movements
- Current investments -€79,512
down €79,512 (-57.0%), from €139,512 to €60,000
- Cash +€39,240
up €39,240 (+51.6%), from €76,077 to €115,316
mainly Current investments (+€79,512) and Net result for the year (+€60,415)
- Receivables within one year +€16,515
up €16,515 (+1,142%), from €1,446 to €17,961
of which Trade receivables: +€17,873
- Tangible fixed assets -€4,035
down €4,035 (-26.0%), from €15,526 to €11,492
of which Furniture and vehicles: -€3,293
- Reserves -€53,830
down €53,830 (-25.8%), from €208,278 to €154,448
- Other debts +€24,013
up €24,013 (+624%), from €3,851 to €27,864
- Tax, wage and social debts +€4,821
up €4,821 (+37.1%), from €12,992 to €17,813
of which Taxes: +€6,320
- Gross operating margin +€30,166
up €30,166 (+53.9%), from €55,952 to €86,118
- Taxes +€10,382
up €10,382 (+71.4%), from €14,545 to €24,927
- Financial income +€6,441
up €6,441 (+432%), from €1,491 to €7,932
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 | €234,566 | €207,356 | -€27,210 | -11.6% |
| Fixed assets | 21/28 | €15,526 | €11,492 | -€4,035 | -26.0% |
| Tangible fixed assets | 22/27 | €15,526 | €11,492 | -€4,035 | -26.0% |
| Land and buildings | 22 | €1,788 | €1,255 | -€533 | -29.8% |
| Plant, machinery and equipment | 23 | €429 | €220 | -€209 | -48.7% |
| Furniture and vehicles | 24 | €13,309 | €10,017 | -€3,293 | -24.7% |
| Current assets | 29/58 | €219,040 | €195,864 | -€23,176 | -10.6% |
| Amounts receivable within one year | 40/41 | €1,446 | €17,961 | +€16,515 | +1,142% |
| Trade receivables | 40 | €83 | €17,957 | +€17,873 | +21,446% |
| Other amounts receivable | 41 | €1,363 | €5 | -€1,358 | -99.7% |
| Current investments | 50/53 | €139,512 | €60,000 | -€79,512 | -57.0% |
| Cash at bank and in hand | 54/58 | €76,077 | €115,316 | +€39,240 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,005 | €2,586 | +€582 | +29.0% |
| Total equity and liabilities | 10/49 | €234,566 | €207,356 | -€27,210 | -11.6% |
| Equity | 10/15 | €214,478 | €160,648 | -€53,830 | -25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208,278 | €154,448 | -€53,830 | -25.8% |
| Distributable reserves | 133 | €208,278 | €154,448 | -€53,830 | -25.8% |
| Amounts payable | 17/49 | €20,088 | €46,708 | +€26,620 | +133% |
| Amounts payable within one year | 42/48 | €20,088 | €46,708 | +€26,620 | +133% |
| Trade debts | 44 | €3,244 | €1,030 | -€2,214 | -68.2% |
| Suppliers | 440/4 | €3,244 | €1,030 | -€2,214 | -68.2% |
| Taxes, remuneration and social security | 45 | €12,992 | €17,813 | +€4,821 | +37.1% |
| Taxes | 450/3 | €11,493 | €17,813 | +€6,320 | +55.0% |
| Remuneration and social security | 454/9 | €1,499 | - | -€1,499 | |
| Other amounts payable | 47/48 | €3,851 | €27,864 | +€24,013 | +624% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,454 | €3,825 | -€629 | -14.1% |
| Other operating charges | 640/8 | €972 | €682 | -€290 | -29.8% |
| Gross operating margin | 9900 | €55,952 | €86,118 | +€30,166 | +53.9% |
| Operating profit (loss) | 9901 | €50,526 | €81,611 | +€31,085 | +61.5% |
| Financial income | 75/76B | €1,491 | €7,932 | +€6,441 | +432% |
| Recurring financial income | 75 | €1,491 | €7,932 | +€6,441 | +432% |
| Financial charges | 65/66B | €4,097 | €4,201 | +€104 | +2.5% |
| Recurring financial charges | 65 | €4,097 | €3,121 | -€976 | -23.8% |
| Non-recurring financial charges | 66B | - | €1,080 | +€1,080 | |
| Profit (loss) for the period before taxes | 9903 | €47,920 | €85,342 | +€37,422 | +78.1% |
| Income taxes | 67/77 | €14,545 | €24,927 | +€10,382 | +71.4% |
| Profit (loss) for the period | 9904 | €33,375 | €60,415 | +€27,040 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,375 | €60,415 | +€27,040 | +81.0% |
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 18 October 2026 via checked.be.