GREENLIT: what changed
Two financial 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.
GREENLIT
Largest movements
- Tangible fixed assets +€49,824
new in 2025: €49,824
- Cash -€45,644
down €45,644 (-43.0%), from €106,145 to €60,501
mainly Contributions, distributions and other (-€149,404) and Investment in fixed assets (net) (-€58,437)
- Receivables within one year +€45,142
up €45,142 (+67.9%), from €66,445 to €111,586
- Debts after one year +€35,423
new in 2025: €35,423
- Current portion of long-term debt +€10,113
new in 2025: €10,113
- Tax, wage and social debts -€5,757
down €5,757 (-16.1%), from €35,860 to €30,104
- Trade debts +€5,531
up €5,531 (+134%), from €4,136 to €9,667
- Other debts +€4,582
up €4,582 (+3.6%), from €128,943 to €133,524
- Gross operating margin +€36,653
up €36,653 (+21.7%), from €168,795 to €205,449
- Depreciation +€7,289
up €7,289 (+550%), from €1,324 to €8,613
- Taxes +€5,369
up €5,369 (+13.5%), from €39,636 to €45,006
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.
Derived cash bridge
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 | €172,939 | €222,831 | +€49,892 | +28.8% |
| Fixed assets | 21/28 | - | €49,824 | +€49,824 | |
| Tangible fixed assets | 22/27 | - | €49,824 | +€49,824 | |
| Furniture and vehicles | 24 | - | €49,824 | +€49,824 | |
| Current assets | 29/58 | €172,939 | €173,007 | +€68 | 0.0% |
| Amounts receivable within one year | 40/41 | €66,445 | €111,586 | +€45,142 | +67.9% |
| Trade receivables | 40 | €66,445 | €111,586 | +€45,142 | +67.9% |
| Cash at bank and in hand | 54/58 | €106,145 | €60,501 | -€45,644 | -43.0% |
| Deferred charges and accrued income | 490/1 | €349 | €919 | +€571 | +164% |
| Total equity and liabilities | 10/49 | €172,939 | €222,831 | +€49,892 | +28.8% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €168,939 | €218,831 | +€49,892 | +29.5% |
| Amounts payable after more than one year | 17 | - | €35,423 | +€35,423 | |
| Financial debts | 170/4 | - | €35,423 | +€35,423 | |
| Amounts payable within one year | 42/48 | €168,939 | €183,408 | +€14,469 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,113 | +€10,113 | |
| Trade debts | 44 | €4,136 | €9,667 | +€5,531 | +134% |
| Suppliers | 440/4 | €4,136 | €9,667 | +€5,531 | +134% |
| Taxes, remuneration and social security | 45 | €35,860 | €30,104 | -€5,757 | -16.1% |
| Taxes | 450/3 | €35,860 | €30,104 | -€5,757 | -16.1% |
| Other amounts payable | 47/48 | €128,943 | €133,524 | +€4,582 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,324 | €8,613 | +€7,289 | +550% |
| Other operating charges | 640/8 | €1,116 | €836 | -€280 | -25.1% |
| Gross operating margin | 9900 | €168,795 | €205,449 | +€36,653 | +21.7% |
| Operating profit (loss) | 9901 | €166,355 | €195,999 | +€29,644 | +17.8% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €228 | €1,590 | +€1,362 | +596% |
| Recurring financial charges | 65 | €228 | €1,590 | +€1,362 | +596% |
| Profit (loss) for the period before taxes | 9903 | €166,141 | €194,409 | +€28,268 | +17.0% |
| Income taxes | 67/77 | €39,636 | €45,006 | +€5,369 | +13.5% |
| Profit (loss) for the period | 9904 | €126,505 | €149,404 | +€22,899 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €126,505 | €149,404 | +€22,899 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.