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
- Cash +€12,175
up €12,175 (+492.1%), from €2,474 to €14,649
mainly Receivables within one year (+€10,159) and Debts after one year (+€9,000)
- Receivables within one year -€10,159
down €10,159 (-50.4%), from €20,166 to €10,007
- Intangible fixed assets +€3,640
new in 2025: €3,640
- Deferred charges and accrued income -€2,757
down €2,757 (-66.7%), from €4,134 to €1,377
- Stocks and contracts -€1,758
down €1,758 (-12.0%), from €14,666 to €12,909
- Profit (loss) carried forward -€9,246
down €9,246, from €553 to -€8,694
- Debts after one year +€9,000
up €9,000 (+112.5%), from €8,000 to €17,000
- Other debts +€6,322
up €6,322 (+102.3%), from €6,181 to €12,504
- Trade debts -€4,175
down €4,175 (-54.4%), from €7,670 to €3,495
- Current portion of long-term debt -€3,719
no longer reported in 2025 (was €3,719)
- Gross operating margin -€8,863
down €8,863, from €7,282 to -€1,580
- Other operating charges +€1,284
up €1,284 (+49.0%), from €2,622 to €3,905
- Taxes -€938
down €938 (-86.8%), from €1,081 to €143
- Financial charges +€527
up €527 (+46.9%), from €1,123 to €1,650
- Depreciation +€360
up €360 (+25.3%), from €1,426 to €1,786
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 | €45,803 | €46,296 | +€493 | +1.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,363 | €7,354 | +€2,991 | +68.6% |
| Intangible fixed assets | 21 | - | €3,640 | +€3,640 | |
| Tangible fixed assets | 22/27 | €4,363 | €3,714 | -€649 | -14.9% |
| Plant, machinery and equipment | 23 | €3,033 | €2,992 | -€42 | -1.4% |
| Furniture and vehicles | 24 | €1,329 | €722 | -€607 | -45.7% |
| Current assets | 29/58 | €41,440 | €38,942 | -€2,498 | -6.0% |
| Stocks and contracts in progress | 3 | €14,666 | €12,909 | -€1,758 | -12.0% |
| Stocks | 30/36 | €14,666 | €12,909 | -€1,758 | -12.0% |
| Amounts receivable within one year | 40/41 | €20,166 | €10,007 | -€10,159 | -50.4% |
| Trade receivables | 40 | €20,166 | €10,007 | -€10,159 | -50.4% |
| Cash at bank and in hand | 54/58 | €2,474 | €14,649 | +€12,175 | +492.1% |
| Deferred charges and accrued income | 490/1 | €4,134 | €1,377 | -€2,757 | -66.7% |
| Total equity and liabilities | 10/49 | €45,803 | €46,296 | +€493 | +1.1% |
| Equity | 10/15 | €15,981 | €6,735 | -€9,246 | -57.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,429 | €12,429 | = | 0.0% |
| Distributable reserves | 133 | €12,429 | €12,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €553 | -€8,694 | -€9,246 | |
| Amounts payable | 17/49 | €29,822 | €39,561 | +€9,739 | +32.7% |
| Amounts payable after more than one year | 17 | €8,000 | €17,000 | +€9,000 | +112.5% |
| Financial debts | 170/4 | €8,000 | €17,000 | +€9,000 | +112.5% |
| Amounts payable within one year | 42/48 | €21,822 | €21,357 | -€464 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,719 | - | -€3,719 | |
| Trade debts | 44 | €7,670 | €3,495 | -€4,175 | -54.4% |
| Suppliers | 440/4 | €7,670 | €3,495 | -€4,175 | -54.4% |
| Taxes, remuneration and social security | 45 | €4,250 | €5,358 | +€1,108 | +26.1% |
| Taxes | 450/3 | €4,250 | €5,358 | +€1,108 | +26.1% |
| Other amounts payable | 47/48 | €6,181 | €12,504 | +€6,322 | +102.3% |
| Accrued charges and deferred income | 492/3 | - | €1,204 | +€1,204 | |
| Remuneration, social security and pensions | 62 | €504 | €207 | -€296 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €1,786 | +€360 | +25.3% |
| Other operating charges | 640/8 | €2,622 | €3,905 | +€1,284 | +49.0% |
| Gross operating margin | 9900 | €7,282 | -€1,580 | -€8,863 | |
| Operating profit (loss) | 9901 | €2,731 | -€7,479 | -€10,210 | |
| Financial income | 75/76B | €26 | €26 | -€0 | -0.1% |
| Recurring financial income | 75 | €26 | €26 | -€0 | -0.1% |
| Financial charges | 65/66B | €1,123 | €1,650 | +€527 | +46.9% |
| Recurring financial charges | 65 | €1,123 | €1,650 | +€527 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €1,634 | -€9,103 | -€10,737 | |
| Income taxes | 67/77 | €1,081 | €143 | -€938 | -86.8% |
| Profit (loss) for the period | 9904 | €553 | -€9,246 | -€9,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €553 | -€9,246 | -€9,799 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.