GREENMILES: 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.
GREENMILES
Largest movements
- Cash +€195,813
up €195,813 (+153%), from €128,393 to €324,206
mainly Accrued charges and deferred income (+€203,735) and Depreciation (+€63,008)
- Tangible fixed assets -€63,008
down €63,008 (-6.0%), from €1.0m to €980,958
of which Land and buildings: -€55,321
- Stocks and contracts -€24,282
down €24,282 (-28.2%), from €85,956 to €61,674
- Accrued charges and deferred income +€203,735
up €203,735 (+386%), from €52,818 to €256,553
- Debts after one year -€49,095
down €49,095 (-85.4%), from €57,504 to €8,409
- Reserves -€24,435
down €24,435 (-2.8%), from €878,551 to €854,116
of which Tax-exempt reserves: -€24,435
- Other debts +€17,556
up €17,556 (+64.4%), from €27,240 to €44,796
- Trade debts -€14,435
down €14,435 (-19.6%), from €73,693 to €59,257
- Financial income -€3,504
down €3,504 (-52.2%), from €6,712 to €3,208
- Gross operating margin -€3,205
down €3,205 (-7.9%), from €40,621 to €37,416
- Financial charges -€2,546
down €2,546 (-33.5%), from €7,595 to €5,049
- Other operating charges +€2,311
up €2,311 (+31.2%), from €7,413 to €9,724
- Depreciation +€760
up €760 (+1.2%), from €62,248 to €63,008
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 | €1,305,856 | €1,425,564 | +€119,708 | +9.2% |
| Fixed assets | 21/28 | €1,044,485 | €981,477 | -€63,008 | -6.0% |
| Tangible fixed assets | 22/27 | €1,043,966 | €980,958 | -€63,008 | -6.0% |
| Land and buildings | 22 | €1,026,946 | €971,625 | -€55,321 | -5.4% |
| Plant, machinery and equipment | 23 | €682 | €227 | -€454 | -66.7% |
| Furniture and vehicles | 24 | €16,339 | €9,106 | -€7,232 | -44.3% |
| Financial fixed assets | 28 | €519 | €519 | = | 0.0% |
| Current assets | 29/58 | €261,371 | €444,086 | +€182,716 | +69.9% |
| Stocks and contracts in progress | 3 | €85,956 | €61,674 | -€24,282 | -28.2% |
| Stocks | 30/36 | €85,956 | €61,674 | -€24,282 | -28.2% |
| Amounts receivable within one year | 40/41 | €45,346 | €58,207 | +€12,860 | +28.4% |
| Trade receivables | 40 | €45,090 | €57,599 | +€12,509 | +27.7% |
| Other amounts receivable | 41 | €256 | €608 | +€351 | +137% |
| Cash at bank and in hand | 54/58 | €128,393 | €324,206 | +€195,813 | +153% |
| Deferred charges and accrued income | 490/1 | €1,676 | - | -€1,676 | |
| Total equity and liabilities | 10/49 | €1,305,856 | €1,425,564 | +€119,708 | +9.2% |
| Equity | 10/15 | €924,970 | €895,172 | -€29,798 | -3.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €878,551 | €854,116 | -€24,435 | -2.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €376,378 | €351,943 | -€24,435 | -6.5% |
| Distributable reserves | 133 | €495,976 | €495,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,555 | -€20,918 | -€5,363 | -34.5% |
| Provisions and deferred taxes | 16 | €120,073 | €111,928 | -€8,145 | -6.8% |
| Deferred taxes | 168 | €120,073 | €111,928 | -€8,145 | -6.8% |
| Amounts payable | 17/49 | €260,814 | €418,464 | +€157,650 | +60.4% |
| Amounts payable after more than one year | 17 | €57,504 | €8,409 | -€49,095 | -85.4% |
| Financial debts | 170/4 | €57,504 | €8,409 | -€49,095 | -85.4% |
| Amounts payable within one year | 42/48 | €150,492 | €153,503 | +€3,011 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €46,848 | €49,095 | +€2,247 | +4.8% |
| Trade debts | 44 | €73,693 | €59,257 | -€14,435 | -19.6% |
| Suppliers | 440/4 | €73,693 | €59,257 | -€14,435 | -19.6% |
| Taxes, remuneration and social security | 45 | €2,710 | €354 | -€2,357 | -86.9% |
| Taxes | 450/3 | €2,710 | €354 | -€2,357 | -86.9% |
| Other amounts payable | 47/48 | €27,240 | €44,796 | +€17,556 | +64.4% |
| Accrued charges and deferred income | 492/3 | €52,818 | €256,553 | +€203,735 | +386% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,248 | €63,008 | +€760 | +1.2% |
| Other operating charges | 640/8 | €7,413 | €9,724 | +€2,311 | +31.2% |
| Gross operating margin | 9900 | €40,621 | €37,416 | -€3,205 | -7.9% |
| Operating profit (loss) | 9901 | -€29,040 | -€35,316 | -€6,276 | -21.6% |
| Financial income | 75/76B | €6,712 | €3,208 | -€3,504 | -52.2% |
| Recurring financial income | 75 | €6,712 | €3,208 | -€3,504 | -52.2% |
| Financial charges | 65/66B | €7,595 | €5,049 | -€2,546 | -33.5% |
| Recurring financial charges | 65 | €7,595 | €5,049 | -€2,546 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,923 | -€37,156 | -€7,233 | -24.2% |
| Transfer from deferred taxes | 780 | €8,145 | €8,145 | = | 0.0% |
| Income taxes | 67/77 | €142 | €786 | +€644 | +452% |
| Profit (loss) for the period | 9904 | -€21,920 | -€29,798 | -€7,877 | -35.9% |
| Transfer from tax-exempt reserves | 789 | €24,435 | €24,435 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,514 | -€5,363 | -€7,877 |
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.