GREENFORCE: 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.
GREENFORCE
Largest movements
- Receivables within one year +€314,586
up €314,586 (+68.3%), from €460,632 to €775,218
of which Other amounts receivable: +€427,996
- Tangible fixed assets +€101,236
up €101,236 (+10.6%), from €957,792 to €1.1m
of which Leasing and similar rights: +€141,567
- Stocks and contracts -€66,006
down €66,006 (-95.9%), from €68,819 to €2,813
- Trade debts +€220,295
up €220,295 (+177.7%), from €123,991 to €344,286
- Debts after one year +€205,188
up €205,188 (+23.7%), from €866,000 to €1.1m
- Other debts -€140,616
down €140,616 (-68.4%), from €205,446 to €64,830
- Current portion of long-term debt +€43,177
up €43,177 (+67.5%), from €64,000 to €107,177
- Financial charges +€93,238
up €93,238 (+837.8%), from €11,129 to €104,367
- Depreciation +€48,428
up €48,428 (+1413.4%), from €3,426 to €51,854
- Gross operating margin +€45,102
up €45,102 (+14.6%), from €309,637 to €354,739
- Taxes -€23,550
down €23,550 (-77.1%), from €30,543 to €6,993
- Staff costs -€22,915
down €22,915 (-12.4%), from €184,349 to €161,434
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.
Cash bridge derived
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 | €1,511,128 | €1,847,238 | +€336,110 | +22.2% |
| Fixed assets | 21/28 | €957,792 | €1,059,028 | +€101,236 | +10.6% |
| Tangible fixed assets | 22/27 | €957,792 | €1,059,028 | +€101,236 | +10.6% |
| Land and buildings | 22 | €936,110 | €913,801 | -€22,308 | -2.4% |
| Furniture and vehicles | 24 | €21,682 | €3,659 | -€18,023 | -83.1% |
| Leasing and similar rights | 25 | - | €141,567 | +€141,567 | |
| Current assets | 29/58 | €553,336 | €788,210 | +€234,874 | +42.4% |
| Stocks and contracts in progress | 3 | €68,819 | €2,813 | -€66,006 | -95.9% |
| Stocks | 30/36 | €68,819 | €2,813 | -€66,006 | -95.9% |
| Amounts receivable within one year | 40/41 | €460,632 | €775,218 | +€314,586 | +68.3% |
| Trade receivables | 40 | €300,700 | €187,290 | -€113,410 | -37.7% |
| Other amounts receivable | 41 | €159,933 | €587,928 | +€427,996 | +267.6% |
| Cash at bank and in hand | 54/58 | €10,471 | €5,317 | -€5,154 | -49.2% |
| Deferred charges and accrued income | 490/1 | €13,414 | €4,862 | -€8,552 | -63.8% |
| Total equity and liabilities | 10/49 | €1,511,128 | €1,847,238 | +€336,110 | +22.2% |
| Equity | 10/15 | €208,932 | €219,920 | +€10,988 | +5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €203,932 | €214,920 | +€10,988 | +5.4% |
| Distributable reserves | 133 | €203,932 | €214,920 | +€10,988 | +5.4% |
| Amounts payable | 17/49 | €1,302,196 | €1,627,318 | +€325,122 | +25.0% |
| Amounts payable after more than one year | 17 | €866,000 | €1,071,188 | +€205,188 | +23.7% |
| Financial debts | 170/4 | €866,000 | €1,071,188 | +€205,188 | +23.7% |
| Amounts payable within one year | 42/48 | €435,132 | €556,130 | +€120,998 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €64,000 | €107,177 | +€43,177 | +67.5% |
| Trade debts | 44 | €123,991 | €344,286 | +€220,295 | +177.7% |
| Suppliers | 440/4 | €123,991 | €344,286 | +€220,295 | +177.7% |
| Taxes, remuneration and social security | 45 | €41,695 | €39,837 | -€1,858 | -4.5% |
| Taxes | 450/3 | €31,203 | €7,773 | -€23,430 | -75.1% |
| Remuneration and social security | 454/9 | €10,492 | €32,064 | +€21,572 | +205.6% |
| Other amounts payable | 47/48 | €205,446 | €64,830 | -€140,616 | -68.4% |
| Accrued charges and deferred income | 492/3 | €1,064 | - | -€1,064 | |
| Remuneration, social security and pensions | 62 | €184,349 | €161,434 | -€22,915 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €51,854 | +€48,428 | +1413.4% |
| Other operating charges | 640/8 | €3,271 | €19,105 | +€15,834 | +484.0% |
| Gross operating margin | 9900 | €309,637 | €354,739 | +€45,102 | +14.6% |
| Operating profit (loss) | 9901 | €118,590 | €122,346 | +€3,755 | +3.2% |
| Financial income | 75/76B | €32 | €2 | -€30 | -95.0% |
| Recurring financial income | 75 | €32 | €2 | -€30 | -95.0% |
| Financial charges | 65/66B | €11,129 | €104,367 | +€93,238 | +837.8% |
| Recurring financial charges | 65 | €11,129 | €104,367 | +€93,238 | +837.8% |
| Profit (loss) for the period before taxes | 9903 | €107,494 | €17,981 | -€89,513 | -83.3% |
| Income taxes | 67/77 | €30,543 | €6,993 | -€23,550 | -77.1% |
| Profit (loss) for the period | 9904 | €76,951 | €10,988 | -€65,963 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,951 | €10,988 | -€65,963 | -85.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.