GREENGREEN: 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.
GREENGREEN
Largest movements
- Receivables within one year +€13,679
up €13,679 (+35.0%), from €39,086 to €52,765
of which Trade receivables: +€14,748
- Cash -€11,375
down €11,375 (-34.8%), from €32,732 to €21,357
mainly Receivables within one year (-€13,679) and Stocks and contracts (-€2,113)
- Tangible fixed assets -€4,918
down €4,918 (-67.9%), from €7,241 to €2,323
of which Furniture and vehicles: -€4,416
- Stocks and contracts +€2,113
up €2,113 (+102.8%), from €2,056 to €4,169
- Deferred charges and accrued income +€1,940
up €1,940 (+118.5%), from €1,637 to €3,576
- Other debts +€2,409
up €2,409 (+9.6%), from €25,167 to €27,575
- Tax, wage and social debts +€2,246
up €2,246 (+81.8%), from €2,747 to €4,992
of which Taxes: +€2,492
- Reserves -€1,628
down €1,628 (-5.4%), from €30,416 to €28,789
of which Distributable reserves: -€1,628
- Trade debts -€1,589
down €1,589 (-27.3%), from €5,822 to €4,234
- Depreciation -€7,908
down €7,908 (-59.9%), from €13,212 to €5,305
- Taxes +€7,630
up €7,630, from -€2,557 to €5,073
- Staff costs -€4,750
down €4,750 (-78.2%), from €6,078 to €1,328
- Gross operating margin +€2,319
up €2,319 (+22.7%), from €10,207 to €12,526
- Other operating charges +€185
up €185 (+8.4%), from €2,203 to €2,388
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,752 | €84,190 | +€1,438 | +1.7% |
| Fixed assets | 21/28 | €7,241 | €2,323 | -€4,918 | -67.9% |
| Tangible fixed assets | 22/27 | €7,241 | €2,323 | -€4,918 | -67.9% |
| Plant, machinery and equipment | 23 | €2,443 | €1,940 | -€502 | -20.6% |
| Furniture and vehicles | 24 | €4,799 | €383 | -€4,416 | -92.0% |
| Current assets | 29/58 | €75,511 | €81,867 | +€6,356 | +8.4% |
| Stocks and contracts in progress | 3 | €2,056 | €4,169 | +€2,113 | +102.8% |
| Stocks | 30/36 | €2,056 | €4,169 | +€2,113 | +102.8% |
| Amounts receivable within one year | 40/41 | €39,086 | €52,765 | +€13,679 | +35.0% |
| Trade receivables | 40 | €37,487 | €52,235 | +€14,748 | +39.3% |
| Other amounts receivable | 41 | €1,599 | €529 | -€1,070 | -66.9% |
| Cash at bank and in hand | 54/58 | €32,732 | €21,357 | -€11,375 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,637 | €3,576 | +€1,940 | +118.5% |
| Total equity and liabilities | 10/49 | €82,752 | €84,190 | +€1,438 | +1.7% |
| Equity | 10/15 | €49,016 | €47,389 | -€1,628 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,416 | €28,789 | -€1,628 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,556 | €26,929 | -€1,628 | -5.7% |
| Amounts payable | 17/49 | €33,736 | €36,801 | +€3,066 | +9.1% |
| Amounts payable within one year | 42/48 | €33,736 | €36,801 | +€3,066 | +9.1% |
| Trade debts | 44 | €5,822 | €4,234 | -€1,589 | -27.3% |
| Suppliers | 440/4 | €5,822 | €4,234 | -€1,589 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,747 | €4,992 | +€2,246 | +81.8% |
| Taxes | 450/3 | €2,500 | €4,992 | +€2,492 | +99.7% |
| Remuneration and social security | 454/9 | €247 | - | -€247 | |
| Other amounts payable | 47/48 | €25,167 | €27,575 | +€2,409 | +9.6% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €6,078 | €1,328 | -€4,750 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,212 | €5,305 | -€7,908 | -59.9% |
| Other operating charges | 640/8 | €2,203 | €2,388 | +€185 | +8.4% |
| Gross operating margin | 9900 | €10,207 | €12,526 | +€2,319 | +22.7% |
| Operating profit (loss) | 9901 | -€11,287 | €3,506 | +€14,792 | |
| Financial income | 75/76B | €1 | €16 | +€15 | +2322.7% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +2322.7% |
| Financial charges | 65/66B | €48 | €76 | +€28 | +59.6% |
| Recurring financial charges | 65 | €48 | €76 | +€28 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,334 | €3,445 | +€14,779 | |
| Income taxes | 67/77 | -€2,557 | €5,073 | +€7,630 | |
| Profit (loss) for the period | 9904 | -€8,777 | -€1,628 | +€7,149 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,777 | -€1,628 | +€7,149 | +81.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.