GREENLINE: 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.
GREENLINE
Largest movements
- Cash +€31,842
up €31,842 (+952.7%), from €3,342 to €35,184
mainly Net result for the year (+€68,921) and Depreciation (+€11,059)
- Tangible fixed assets -€11,059
down €11,059 (-25.1%), from €44,033 to €32,974
- Receivables within one year -€7,861
down €7,861 (-13.6%), from €57,732 to €49,870
of which Trade receivables: -€24,960
- Stocks and contracts +€7,006
up €7,006 (+217.7%), from €3,218 to €10,224
- Reserves +€31,521
up €31,521 (+84.1%), from €37,497 to €69,018
- Trade debts -€15,124
down €15,124 (-60.5%), from €24,981 to €9,857
- Tax, wage and social debts +€10,852
up €10,852 (+83.9%), from €12,935 to €23,787
- Debts after one year -€6,366
down €6,366 (-31.0%), from €20,522 to €14,156
- Gross operating margin +€42,603
up €42,603 (+67.9%), from €62,765 to €105,368
- Taxes +€10,852
up €10,852 (+83.9%), from €12,935 to €23,787
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 | €108,412 | €128,339 | +€19,927 | +18.4% |
| Fixed assets | 21/28 | €44,033 | €32,974 | -€11,059 | -25.1% |
| Tangible fixed assets | 22/27 | €44,033 | €32,974 | -€11,059 | -25.1% |
| Furniture and vehicles | 24 | €44,033 | €32,974 | -€11,059 | -25.1% |
| Current assets | 29/58 | €64,379 | €95,365 | +€30,986 | +48.1% |
| Stocks and contracts in progress | 3 | €3,218 | €10,224 | +€7,006 | +217.7% |
| Stocks | 30/36 | €3,218 | €10,224 | +€7,006 | +217.7% |
| Amounts receivable within one year | 40/41 | €57,732 | €49,870 | -€7,861 | -13.6% |
| Trade receivables | 40 | €44,525 | €19,565 | -€24,960 | -56.1% |
| Other amounts receivable | 41 | €13,207 | €30,306 | +€17,099 | +129.5% |
| Cash at bank and in hand | 54/58 | €3,342 | €35,184 | +€31,842 | +952.7% |
| Deferred charges and accrued income | 490/1 | €88 | €88 | = | 0.0% |
| Total equity and liabilities | 10/49 | €108,412 | €128,339 | +€19,927 | +18.4% |
| Equity | 10/15 | €39,997 | €71,518 | +€31,521 | +78.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €37,497 | €69,018 | +€31,521 | +84.1% |
| Distributable reserves | 133 | €37,497 | €69,018 | +€31,521 | +84.1% |
| Amounts payable | 17/49 | €68,415 | €56,821 | -€11,594 | -16.9% |
| Amounts payable after more than one year | 17 | €20,522 | €14,156 | -€6,366 | -31.0% |
| Financial debts | 170/4 | €20,522 | €14,156 | -€6,366 | -31.0% |
| Amounts payable within one year | 42/48 | €44,021 | €40,010 | -€4,010 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €6,104 | €6,366 | +€262 | +4.3% |
| Trade debts | 44 | €24,981 | €9,857 | -€15,124 | -60.5% |
| Suppliers | 440/4 | €24,981 | €9,857 | -€15,124 | -60.5% |
| Taxes, remuneration and social security | 45 | €12,935 | €23,787 | +€10,852 | +83.9% |
| Taxes | 450/3 | €12,935 | €23,787 | +€10,852 | +83.9% |
| Accrued charges and deferred income | 492/3 | €3,872 | €2,655 | -€1,217 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,582 | €11,059 | +€478 | +4.5% |
| Other operating charges | 640/8 | €384 | €513 | +€129 | +33.5% |
| Gross operating margin | 9900 | €62,765 | €105,368 | +€42,603 | +67.9% |
| Operating profit (loss) | 9901 | €51,799 | €93,795 | +€41,997 | +81.1% |
| Financial charges | 65/66B | €1,367 | €1,088 | -€279 | -20.4% |
| Recurring financial charges | 65 | €1,367 | €1,088 | -€279 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €50,432 | €92,708 | +€42,275 | +83.8% |
| Income taxes | 67/77 | €12,935 | €23,787 | +€10,852 | +83.9% |
| Profit (loss) for the period | 9904 | €37,497 | €68,921 | +€31,424 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,497 | €68,921 | +€31,424 | +83.8% |
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 30 September 2026 via checked.be.