Greenomy: 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.
Greenomy
Largest movements
- Receivables within one year +€4.5m
up €4.5m (+1146.6%), from €392,985 to €4.9m
of which Trade receivables: +€4.5m
- Intangible fixed assets -€1.9m
down €1.9m (-76.8%), from €2.5m to €575,163
- Cash +€133,521
up €133,521 (+73.0%), from €182,952 to €316,473
mainly Contributions, distributions and other (+€9.9m) and Trade debts (+€1.7m)
- Deferred charges and accrued income -€95,726
down €95,726 (-46.8%), from €204,551 to €108,825
- Contributions +€9.9m
up €9.9m (+134.8%), from €7.3m to €17.2m
- Debts after one year -€6.0m
no longer reported in 2025 (was €6.0m)
- Profit (loss) carried forward -€3.3m
down €3.3m (-23.9%), from -€13.7m to -€17.0m
- Trade debts +€1.7m
up €1.7m (+324.0%), from €535,572 to €2.3m
- Short-term financial debts +€538,619
up €538,619 (+29.9%), from €1.8m to €2.3m
- Gross operating margin +€2.0m
up €2.0m, from -€1.3m to €732,606
- Depreciation +€228,821
up €228,821 (+18.3%), from €1.2m to €1.5m
- Staff costs +€104,558
up €104,558 (+5.3%), from €2.0m to €2.1m
- Financial charges +€45,971
up €45,971 (+11.1%), from €415,799 to €461,771
of which Financial charges: +€46,189
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 | €3,407,826 | €6,025,274 | +€2.6m | +76.8% |
| Formation expenses | 20 | €733 | €39 | -€694 | -94.7% |
| Fixed assets | 21/28 | €2,626,605 | €701,024 | -€1.9m | -73.3% |
| Intangible fixed assets | 21 | €2,475,384 | €575,163 | -€1.9m | -76.8% |
| Tangible fixed assets | 22/27 | €29,477 | €10,569 | -€18,908 | -64.1% |
| Furniture and vehicles | 24 | €29,477 | €10,569 | -€18,908 | -64.1% |
| Financial fixed assets | 28 | €121,743 | €115,291 | -€6,452 | -5.3% |
| Current assets | 29/58 | €780,488 | €5,324,211 | +€4.5m | +582.2% |
| Amounts receivable within one year | 40/41 | €392,985 | €4,898,913 | +€4.5m | +1146.6% |
| Trade receivables | 40 | €364,603 | €4,840,464 | +€4.5m | +1227.6% |
| Other amounts receivable | 41 | €28,382 | €58,450 | +€30,068 | +105.9% |
| Cash at bank and in hand | 54/58 | €182,952 | €316,473 | +€133,521 | +73.0% |
| Deferred charges and accrued income | 490/1 | €204,551 | €108,825 | -€95,726 | -46.8% |
| Total equity and liabilities | 10/49 | €3,407,826 | €6,025,274 | +€2.6m | +76.8% |
| Equity | 10/15 | -€6,415,623 | €157,190 | +€6.6m | |
| Contributions | 10/11 | €7,315,100 | €17,174,252 | +€9.9m | +134.8% |
| Profit (loss) carried forward | 14 | -€13,730,723 | -€17,017,062 | -€3.3m | -23.9% |
| Amounts payable | 17/49 | €9,823,449 | €5,868,084 | -€4.0m | -40.3% |
| Amounts payable after more than one year | 17 | €6,000,000 | - | -€6.0m | |
| Financial debts | 170/4 | €6,000,000 | - | -€6.0m | |
| Amounts payable within one year | 42/48 | €2,523,575 | €4,778,264 | +€2.3m | +89.3% |
| Financial debts | 43 | €1,800,000 | €2,338,619 | +€538,619 | +29.9% |
| Other loans | 439 | €1,800,000 | €2,338,619 | +€538,619 | +29.9% |
| Trade debts | 44 | €535,572 | €2,270,772 | +€1.7m | +324.0% |
| Suppliers | 440/4 | €535,572 | €2,270,772 | +€1.7m | +324.0% |
| Taxes, remuneration and social security | 45 | €186,820 | €167,690 | -€19,130 | -10.2% |
| Taxes | 450/3 | €17,113 | €22,653 | +€5,540 | +32.4% |
| Remuneration and social security | 454/9 | €169,707 | €145,037 | -€24,670 | -14.5% |
| Other amounts payable | 47/48 | €1,183 | €1,183 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,299,874 | €1,089,819 | -€210,055 | -16.2% |
| Non-recurring operating income | 76A | - | €945,007 | +€945,007 | |
| Remuneration, social security and pensions | 62 | €1,959,486 | €2,064,044 | +€104,558 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,249,982 | €1,478,803 | +€228,821 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,490 | +€12,490 | |
| Other operating charges | 640/8 | €971 | €5,870 | +€4,898 | +504.4% |
| Gross operating margin | 9900 | -€1,302,670 | €732,606 | +€2.0m | |
| Operating profit (loss) | 9901 | -€4,513,110 | -€2,828,601 | +€1.7m | +37.3% |
| Financial income | 75/76B | €11,783 | €4,258 | -€7,525 | -63.9% |
| Recurring financial income | 75 | €11,783 | €4,258 | -€7,525 | -63.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €415,799 | €461,771 | +€45,971 | +11.1% |
| Recurring financial charges | 65 | €415,582 | €461,771 | +€46,189 | +11.1% |
| Non-recurring financial charges | 66B | €217 | €0 | -€217 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,917,127 | -€3,286,114 | +€1.6m | +33.2% |
| Income taxes | 67/77 | €146 | €225 | +€80 | +54.8% |
| Profit (loss) for the period | 9904 | -€4,917,273 | -€3,286,339 | +€1.6m | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,917,273 | -€3,286,339 | +€1.6m | +33.2% |
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 10 October 2026 via checked.be.