GREENHOOD PROJECTS: 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.
GREENHOOD PROJECTS
Largest movements
- Cash +€1.6m
up €1.6m (+387%), from €408,042 to €2.0m
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€529,042)
- Tangible fixed assets -€1.3m
down €1.3m (-38.9%), from €3.3m to €2.0m
of which Land and buildings: -€1.3m
- Stocks and contracts +€632,307
up €632,307 (+31.6%), from €2.0m to €2.6m
- Reserves +€529,042
up €529,042 (+171%), from €309,434 to €838,475
- Trade debts +€425,675
up €425,675 (+994%), from €42,807 to €468,483
- Tax, wage and social debts +€195,299
up €195,299 (+5,020%), from €3,891 to €199,189
- Revaluation surpluses -€137,125
down €137,125 (-100%), from €137,125 to €0
- Debts after one year -€99,996
down €99,996 (-17.9%), from €558,351 to €458,355
- Gross operating margin +€452,813
up €452,813 (+76.7%), from €590,732 to €1.0m
- Taxes +€195,312
up €195,312 (+5,020%), from €3,891 to €199,202
- Financial charges +€64,346
up €64,346 (+48.1%), from €133,773 to €198,119
- Depreciation -€21,169
down €21,169 (-20.8%), from €101,575 to €80,406
- Other operating charges +€12,690
up €12,690 (+52.7%), from €24,087 to €36,777
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 | €5,833,029 | €6,764,309 | +€931,280 | +16.0% |
| Fixed assets | 21/28 | €3,286,499 | €2,013,900 | -€1.3m | -38.7% |
| Tangible fixed assets | 22/27 | €3,271,814 | €1,999,215 | -€1.3m | -38.9% |
| Land and buildings | 22 | €3,251,535 | €1,982,015 | -€1.3m | -39.0% |
| Plant, machinery and equipment | 23 | €10,285 | €9,318 | -€966 | -9.4% |
| Furniture and vehicles | 24 | €9,995 | €7,882 | -€2,113 | -21.1% |
| Financial fixed assets | 28 | €14,685 | €14,685 | = | 0.0% |
| Current assets | 29/58 | €2,546,530 | €4,750,409 | +€2.2m | +86.5% |
| Stocks and contracts in progress | 3 | €2,002,604 | €2,634,911 | +€632,307 | +31.6% |
| Stocks | 30/36 | €2,002,604 | €2,634,911 | +€632,307 | +31.6% |
| Amounts receivable within one year | 40/41 | €126,230 | €129,092 | +€2,862 | +2.3% |
| Trade receivables | 40 | €119,944 | €91,515 | -€28,429 | -23.7% |
| Other amounts receivable | 41 | €6,286 | €37,577 | +€31,291 | +498% |
| Cash at bank and in hand | 54/58 | €408,042 | €1,985,145 | +€1.6m | +387% |
| Deferred charges and accrued income | 490/1 | €9,654 | €1,261 | -€8,392 | -86.9% |
| Total equity and liabilities | 10/49 | €5,833,029 | €6,764,309 | +€931,280 | +16.0% |
| Equity | 10/15 | €1,591,449 | €1,983,365 | +€391,917 | +24.6% |
| Contributions | 10/11 | €1,144,890 | €1,144,890 | = | 0.0% |
| Revaluation surpluses | 12 | €137,125 | €0 | -€137,125 | -100% |
| Reserves | 13 | €309,434 | €838,475 | +€529,042 | +171% |
| Distributable reserves | 133 | €309,434 | €838,475 | +€529,042 | +171% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,241,580 | €4,780,944 | +€539,364 | +12.7% |
| Amounts payable after more than one year | 17 | €558,351 | €458,355 | -€99,996 | -17.9% |
| Financial debts | 170/4 | €558,351 | €458,355 | -€99,996 | -17.9% |
| Amounts payable within one year | 42/48 | €3,683,229 | €4,309,045 | +€625,816 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €99,996 | €99,996 | = | 0.0% |
| Financial debts | 43 | €1,250,000 | €1,250,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,250,000 | €1,250,000 | = | 0.0% |
| Trade debts | 44 | €42,807 | €468,483 | +€425,675 | +994% |
| Suppliers | 440/4 | €42,807 | €468,483 | +€425,675 | +994% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,891 | €199,189 | +€195,299 | +5,020% |
| Taxes | 450/3 | €3,891 | €199,189 | +€195,299 | +5,020% |
| Other amounts payable | 47/48 | €2,286,535 | €2,291,377 | +€4,842 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €13,544 | +€13,544 | |
| Non-recurring operating income | 76A | €6,070 | €958,581 | +€952,511 | +15,692% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,575 | €80,406 | -€21,169 | -20.8% |
| Other operating charges | 640/8 | €24,087 | €36,777 | +€12,690 | +52.7% |
| Gross operating margin | 9900 | €590,732 | €1,043,544 | +€452,813 | +76.7% |
| Operating profit (loss) | 9901 | €465,070 | €926,362 | +€461,292 | +99.2% |
| Financial income | 75/76B | €1 | €1 | -€0 | -22.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -22.8% |
| Financial charges | 65/66B | €133,773 | €198,119 | +€64,346 | +48.1% |
| Recurring financial charges | 65 | €133,773 | €198,119 | +€64,346 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €331,299 | €728,244 | +€396,945 | +120% |
| Income taxes | 67/77 | €3,891 | €199,202 | +€195,312 | +5,020% |
| Profit (loss) for the period | 9904 | €327,408 | €529,042 | +€201,634 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €327,408 | €529,042 | +€201,634 | +61.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.