GREENLINE GATE: 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 GATE
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+262.2%), from €540,793 to €2.0m
of which Trade receivables: +€1.4m
- Cash -€100,103
down €100,103 (-43.3%), from €231,103 to €131,000
mainly Receivables within one year (-€1.4m) and Contributions, distributions and other (-€47,800)
- Trade debts +€706,250
up €706,250 (+116.3%), from €607,387 to €1.3m
- Short-term financial debts +€540,860
new in 2025: €540,860
- Other debts +€39,255
up €39,255 (+1814.1%), from €2,164 to €41,419
- Tax, wage and social debts +€31,706
up €31,706 (+47.1%), from €67,283 to €98,988
of which Taxes: +€31,706
- Gross operating margin +€53,553
up €53,553 (+154.9%), from €34,577 to €88,130
- Taxes +€14,357
up €14,357 (+404.9%), from €3,546 to €17,904
- Financial charges +€7,729
up €7,729 (+71.3%), from €10,834 to €18,562
- Write-downs -€1,445
down €1,445 (-100.0%), from €1,445 to €0
- Financial income +€945
up €945 (+27704.1%), from €3 to €948
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 | €774,100 | €2,092,219 | +€1.3m | +170.3% |
| Fixed assets | 21/28 | €230 | €1,167 | +€937 | +406.6% |
| Tangible fixed assets | 22/27 | €230 | €1,167 | +€937 | +406.6% |
| Furniture and vehicles | 24 | €230 | €1,167 | +€937 | +406.6% |
| Current assets | 29/58 | €773,869 | €2,091,052 | +€1.3m | +170.2% |
| Amounts receivable within one year | 40/41 | €540,793 | €1,958,619 | +€1.4m | +262.2% |
| Trade receivables | 40 | €504,532 | €1,921,265 | +€1.4m | +280.8% |
| Other amounts receivable | 41 | €36,261 | €37,354 | +€1,093 | +3.0% |
| Cash at bank and in hand | 54/58 | €231,103 | €131,000 | -€100,103 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,973 | €1,433 | -€540 | -27.4% |
| Total equity and liabilities | 10/49 | €774,100 | €2,092,219 | +€1.3m | +170.3% |
| Equity | 10/15 | €97,266 | €97,315 | +€49 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46 | €46 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46 | €46 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46 | €46 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,020 | €91,069 | +€49 | +0.1% |
| Amounts payable | 17/49 | €676,833 | €1,994,904 | +€1.3m | +194.7% |
| Amounts payable within one year | 42/48 | €676,833 | €1,994,904 | +€1.3m | +194.7% |
| Financial debts | 43 | - | €540,860 | +€540,860 | |
| Credit institutions | 430/8 | - | €540,860 | +€540,860 | |
| Trade debts | 44 | €607,387 | €1,313,637 | +€706,250 | +116.3% |
| Suppliers | 440/4 | €607,387 | €1,313,637 | +€706,250 | +116.3% |
| Taxes, remuneration and social security | 45 | €67,283 | €98,988 | +€31,706 | +47.1% |
| Taxes | 450/3 | €67,283 | €98,988 | +€31,706 | +47.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,164 | €41,419 | +€39,255 | +1814.1% |
| Remuneration, social security and pensions | 62 | - | €705 | +€705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €463 | +€108 | +30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,445 | €0 | -€1,445 | -100.0% |
| Other operating charges | 640/8 | €2,578 | €2,659 | +€81 | +3.1% |
| Non-recurring operating charges | 66A | €4,403 | €937 | -€3,466 | -78.7% |
| Gross operating margin | 9900 | €34,577 | €88,130 | +€53,553 | +154.9% |
| Operating profit (loss) | 9901 | €25,797 | €83,366 | +€57,570 | +223.2% |
| Financial income | 75/76B | €3 | €948 | +€945 | +27704.1% |
| Recurring financial income | 75 | €3 | €948 | +€945 | +27704.1% |
| Financial charges | 65/66B | €10,834 | €18,562 | +€7,729 | +71.3% |
| Recurring financial charges | 65 | €10,834 | €18,562 | +€7,729 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €14,966 | €65,752 | +€50,786 | +339.3% |
| Income taxes | 67/77 | €3,546 | €17,904 | +€14,357 | +404.9% |
| Profit (loss) for the period | 9904 | €11,420 | €47,849 | +€36,428 | +319.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,420 | €47,849 | +€36,428 | +319.0% |
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 7 October 2026 via checked.be.