GREENLEAF: 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.
GREENLEAF
Largest movements
- Stocks and contracts +€500,000
up €500,000 (+203.9%), from €245,231 to €745,231
- Cash +€444,416
up €444,416 (+267060.8%), from €166 to €444,582
mainly Advances received (+€1.0m) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Advances received +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward -€102,495
down €102,495 (-78.0%), from -€131,472 to -€233,967
- Gross operating margin -€43,998
down €43,998 (-158.1%), from -€27,826 to -€71,824
- Other operating charges +€30,106
up €30,106 (+3851.7%), from €782 to €30,887
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.
Cash bridge derived
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 | €437,728 | €1,331,356 | +€893,628 | +204.2% |
| Fixed assets | 21/28 | €142,330 | €141,085 | -€1,245 | -0.9% |
| Tangible fixed assets | 22/27 | €142,330 | €141,085 | -€1,245 | -0.9% |
| Land and buildings | 22 | €136,341 | €136,341 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,309 | €2,052 | -€257 | -11.1% |
| Furniture and vehicles | 24 | €1,271 | €550 | -€721 | -56.7% |
| Other tangible fixed assets | 26 | €2,409 | €2,141 | -€268 | -11.1% |
| Current assets | 29/58 | €295,398 | €1,190,271 | +€894,873 | +302.9% |
| Stocks and contracts in progress | 3 | €245,231 | €745,231 | +€500,000 | +203.9% |
| Stocks | 30/36 | €245,231 | €745,231 | +€500,000 | +203.9% |
| Amounts receivable within one year | 40/41 | - | €458 | +€458 | |
| Other amounts receivable | 41 | - | €458 | +€458 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €166 | €444,582 | +€444,416 | +267060.8% |
| Total equity and liabilities | 10/49 | €437,728 | €1,331,356 | +€893,628 | +204.2% |
| Equity | 10/15 | €6,751 | -€95,744 | -€102,495 | |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €1,881 | €1,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,881 | €1,881 | = | 0.0% |
| Legal reserve | 130 | €1,881 | €1,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,472 | -€233,967 | -€102,495 | -78.0% |
| Amounts payable | 17/49 | €430,977 | €1,427,100 | +€996,123 | +231.1% |
| Amounts payable within one year | 42/48 | €430,977 | €1,427,100 | +€996,123 | +231.1% |
| Trade debts | 44 | €11,638 | €2,353 | -€9,285 | -79.8% |
| Suppliers | 440/4 | €11,638 | €2,353 | -€9,285 | -79.8% |
| Advances received on contracts in progress | 46 | - | €1,000,000 | +€1.0m | |
| Other amounts payable | 47/48 | €419,339 | €424,747 | +€5,408 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,471 | €1,245 | -€225 | -15.3% |
| Other operating charges | 640/8 | €782 | €30,887 | +€30,106 | +3851.7% |
| Gross operating margin | 9900 | -€27,826 | -€71,824 | -€43,998 | -158.1% |
| Operating profit (loss) | 9901 | -€30,079 | -€103,957 | -€73,878 | -245.6% |
| Financial income | 75/76B | €1,166 | €1,525 | +€359 | +30.8% |
| Recurring financial income | 75 | €1,166 | €1,525 | +€359 | +30.8% |
| Financial charges | 65/66B | €99 | €63 | -€35 | -35.7% |
| Recurring financial charges | 65 | €99 | €63 | -€35 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,011 | -€102,495 | -€73,484 | -253.3% |
| Profit (loss) for the period | 9904 | -€29,011 | -€102,495 | -€73,484 | -253.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,011 | -€102,495 | -€73,484 | -253.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.