GreenLake: 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.
GreenLake
Largest movements
- Current investments -€120,448
down €120,448 (-100%), from €120,448 to €0
- Cash +€42,998
up €42,998 (+8,100%), from €531 to €43,529
mainly Current investments (+€120,448)
- Receivables within one year +€36,003
up €36,003 (+53.3%), from €67,555 to €103,558
of which Trade receivables: +€18,417
- Reserves -€32,238
down €32,238 (-22.0%), from €146,704 to €114,466
- Tax, wage and social debts -€7,580
down €7,580 (-18.6%), from €40,786 to €33,205
- Financial income -€153,844
down €153,844 (-97.1%), from €158,387 to €4,543
- Taxes -€26,974
down €26,974 (-99.8%), from €27,018 to €44
- Gross operating margin +€15,368
up €15,368 (+42.5%), from -€36,174 to -€20,806
- Financial charges +€14,589
up €14,589 (+2,655%), from €549 to €15,139
- Other operating charges +€728
up €728 (+1,137%), from €64 to €792
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 | €188,534 | €147,742 | -€40,792 | -21.6% |
| Current assets | 29/58 | €188,534 | €147,742 | -€40,792 | -21.6% |
| Amounts receivable within one year | 40/41 | €67,555 | €103,558 | +€36,003 | +53.3% |
| Trade receivables | 40 | - | €18,417 | +€18,417 | |
| Other amounts receivable | 41 | €67,555 | €85,141 | +€17,586 | +26.0% |
| Current investments | 50/53 | €120,448 | €0 | -€120,448 | -100% |
| Cash at bank and in hand | 54/58 | €531 | €43,529 | +€42,998 | +8,100% |
| Deferred charges and accrued income | 490/1 | - | €655 | +€655 | |
| Total equity and liabilities | 10/49 | €188,534 | €147,742 | -€40,792 | -21.6% |
| Equity | 10/15 | €146,704 | €114,466 | -€32,238 | -22.0% |
| Reserves | 13 | €146,704 | €114,466 | -€32,238 | -22.0% |
| Distributable reserves | 133 | €146,704 | €114,466 | -€32,238 | -22.0% |
| Amounts payable | 17/49 | €41,830 | €33,276 | -€8,554 | -20.4% |
| Amounts payable within one year | 42/48 | €41,830 | €33,276 | -€8,554 | -20.4% |
| Trade debts | 44 | €1,045 | €71 | -€974 | -93.2% |
| Suppliers | 440/4 | €1,045 | €71 | -€974 | -93.2% |
| Taxes, remuneration and social security | 45 | €40,786 | €33,205 | -€7,580 | -18.6% |
| Taxes | 450/3 | €40,786 | €33,205 | -€7,580 | -18.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €64 | €792 | +€728 | +1,137% |
| Gross operating margin | 9900 | -€36,174 | -€20,806 | +€15,368 | +42.5% |
| Operating profit (loss) | 9901 | -€36,238 | -€21,598 | +€14,640 | +40.4% |
| Financial income | 75/76B | €158,387 | €4,543 | -€153,844 | -97.1% |
| Recurring financial income | 75 | €158,387 | €4,543 | -€153,844 | -97.1% |
| Financial charges | 65/66B | €549 | €15,139 | +€14,589 | +2,655% |
| Recurring financial charges | 65 | €549 | €15,139 | +€14,589 | +2,655% |
| Profit (loss) for the period before taxes | 9903 | €121,600 | -€32,194 | -€153,794 | |
| Income taxes | 67/77 | €27,018 | €44 | -€26,974 | -99.8% |
| Profit (loss) for the period | 9904 | €94,582 | -€32,238 | -€126,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,582 | -€32,238 | -€126,819 |
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 13 October 2026 via checked.be.