GREENLIGHTS: 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.
GREENLIGHTS
Largest movements
- Cash +€108,290
up €108,290 (+48.6%), from €222,977 to €331,267
mainly Other debts (+€90,531) and Deferred charges and accrued income (+€60,901)
- Deferred charges and accrued income -€60,901
down €60,901 (-92.4%), from €65,908 to €5,008
- Receivables within one year -€37,235
down €37,235 (-19.6%), from €189,851 to €152,616
of which Trade receivables: -€29,597
- Receivables after one year -€28,989
down €28,989 (-100.0%), from €28,989 to €0
- Tangible fixed assets -€28,395
down €28,395 (-23.7%), from €119,583 to €91,188
of which Furniture and vehicles: -€22,936
- Other debts +€90,531
up €90,531, from €0 to €90,531
- Reserves -€75,500
down €75,500 (-15.7%), from €480,150 to €404,650
- Debts after one year -€21,564
down €21,564 (-56.9%), from €37,896 to €16,332
- Trade debts -€19,898
down €19,898 (-77.4%), from €25,718 to €5,820
- Tax, wage and social debts -€18,636
down €18,636 (-56.5%), from €33,006 to €14,371
- Gross operating margin -€63,962
down €63,962 (-36.7%), from €174,213 to €110,251
- Taxes -€17,548
down €17,548 (-45.3%), from €38,701 to €21,154
- Depreciation -€7,646
down €7,646 (-16.6%), from €46,093 to €38,447
- Financial income +€2,737
up €2,737 (+191.6%), from €1,429 to €4,165
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 | €627,809 | €580,079 | -€47,730 | -7.6% |
| Fixed assets | 21/28 | €120,083 | €91,188 | -€28,895 | -24.1% |
| Tangible fixed assets | 22/27 | €119,583 | €91,188 | -€28,395 | -23.7% |
| Land and buildings | 22 | €31,645 | €27,051 | -€4,595 | -14.5% |
| Plant, machinery and equipment | 23 | €21,849 | €20,986 | -€864 | -4.0% |
| Furniture and vehicles | 24 | €66,088 | €43,152 | -€22,936 | -34.7% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €507,726 | €488,891 | -€18,835 | -3.7% |
| Amounts receivable after more than one year | 29 | €28,989 | €0 | -€28,989 | -100.0% |
| Other amounts receivable | 291 | €28,989 | €0 | -€28,989 | -100.0% |
| Amounts receivable within one year | 40/41 | €189,851 | €152,616 | -€37,235 | -19.6% |
| Trade receivables | 40 | €172,365 | €142,768 | -€29,597 | -17.2% |
| Other amounts receivable | 41 | €17,486 | €9,849 | -€7,638 | -43.7% |
| Cash at bank and in hand | 54/58 | €222,977 | €331,267 | +€108,290 | +48.6% |
| Deferred charges and accrued income | 490/1 | €65,908 | €5,008 | -€60,901 | -92.4% |
| Total equity and liabilities | 10/49 | €627,809 | €580,079 | -€47,730 | -7.6% |
| Equity | 10/15 | €506,563 | €431,436 | -€75,127 | -14.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €480,150 | €404,650 | -€75,500 | -15.7% |
| Distributable reserves | 133 | €480,150 | €404,650 | -€75,500 | -15.7% |
| Profit (loss) carried forward | 14 | €24,913 | €25,286 | +€373 | +1.5% |
| Amounts payable | 17/49 | €121,246 | €148,643 | +€27,397 | +22.6% |
| Amounts payable after more than one year | 17 | €37,896 | €16,332 | -€21,564 | -56.9% |
| Financial debts | 170/4 | €37,896 | €16,332 | -€21,564 | -56.9% |
| Amounts payable within one year | 42/48 | €83,350 | €132,286 | +€48,936 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €24,625 | €21,564 | -€3,061 | -12.4% |
| Trade debts | 44 | €25,718 | €5,820 | -€19,898 | -77.4% |
| Suppliers | 440/4 | €25,718 | €5,820 | -€19,898 | -77.4% |
| Taxes, remuneration and social security | 45 | €33,006 | €14,371 | -€18,636 | -56.5% |
| Taxes | 450/3 | €33,006 | €14,371 | -€18,636 | -56.5% |
| Other amounts payable | 47/48 | €0 | €90,531 | +€90,531 | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,093 | €38,447 | -€7,646 | -16.6% |
| Other operating charges | 640/8 | €1,235 | €1,178 | -€57 | -4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €174,213 | €110,251 | -€63,962 | -36.7% |
| Operating profit (loss) | 9901 | €126,885 | €70,627 | -€56,259 | -44.3% |
| Financial income | 75/76B | €1,429 | €4,165 | +€2,737 | +191.6% |
| Recurring financial income | 75 | €1,429 | €4,165 | +€2,737 | +191.6% |
| Financial charges | 65/66B | €1,353 | €1,265 | -€88 | -6.5% |
| Recurring financial charges | 65 | €1,353 | €1,265 | -€88 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €126,961 | €73,527 | -€53,435 | -42.1% |
| Income taxes | 67/77 | €38,701 | €21,154 | -€17,548 | -45.3% |
| Profit (loss) for the period | 9904 | €88,260 | €52,373 | -€35,887 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,260 | €52,373 | -€35,887 | -40.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.