GreeNov Building Design: what changed
What changed
GreeNov Building Design
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€730
2024 · -€38,128+€38,858
Equity
-€77,174
2024 · -€77,903+€730
Cash
€400,849
2024 · €129,106+€271,743
Balance sheet total
€3.2m
2024 · €2.9m+€281,693
Largest movements
Assets
- Stocks and contracts +€342,167
up €342,167 (+33.3%), from €1.0m to €1.4m
- Tangible fixed assets -€310,602
down €310,602 (-18.3%), from €1.7m to €1.4m
of which Land and buildings: -€329,708
- Cash +€271,743
up €271,743 (+210%), from €129,106 to €400,849
mainly Investment in fixed assets (net) (+€262,283) and Other debts (+€249,563)
Equity and liabilities
- Other debts +€249,563
up €249,563 (+25.4%), from €983,572 to €1.2m
- Short-term financial debts +€150,000
up €150,000 (+22.5%), from €668,000 to €818,000
- Debts after one year -€148,422
down €148,422 (-11.9%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€419,521
up €419,521 (+312%), from €134,446 to €553,966
- Depreciation -€11,931
down €11,931 (-17.1%), from €69,879 to €57,947
- Financial charges +€9,951
up €9,951 (+21.8%), from €45,668 to €55,619
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€38,128
Gross operating margin
+€419,521
Depreciation
+€11,931
Other operating charges
+€1,635
Other operating items
-€384,285
Financial income
+€2
Financial charges
-€9,951
Taxes
+€5
Result 2025
€730
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,224
Investment
+€262,283
Financing
+€5,236
Cash 2024
€129,106
From operations (derived)
+€4,224
Net result for the year
+€730
Depreciation
+€57,947
Stocks and contracts
-€342,167
Receivables within one year
+€8,482
Deferred charges and accrued income
+€3,504
Trade debts
+€4,178
Tax, wage and social debts
+€20,011
Other debts
+€249,563
Accrued charges and deferred income
+€1,975
Investment (derived)
+€262,283
Investment in fixed assets (net)
+€262,283
Financing
+€5,236
Debts after one year
-€148,422
Current portion of long-term debt
+€3,658
Short-term financial debts
+€150,000
Cash 2025
€400,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,896,454 | €3,178,148 | +€281,693 | +9.7% |
| Formation expenses | 20 | €1,122 | - | -€1,122 | |
| Fixed assets | 21/28 | €1,721,029 | €1,401,920 | -€319,108 | -18.5% |
| Intangible fixed assets | 21 | €16,283 | €10,597 | -€5,686 | -34.9% |
| Tangible fixed assets | 22/27 | €1,700,475 | €1,389,874 | -€310,602 | -18.3% |
| Land and buildings | 22 | €1,686,238 | €1,356,530 | -€329,708 | -19.6% |
| Plant, machinery and equipment | 23 | €3,724 | €2,905 | -€819 | -22.0% |
| Furniture and vehicles | 24 | €10,513 | €30,439 | +€19,926 | +190% |
| Financial fixed assets | 28 | €4,271 | €1,450 | -€2,821 | -66.0% |
| Current assets | 29/58 | €1,174,303 | €1,776,227 | +€601,924 | +51.3% |
| Stocks and contracts in progress | 3 | €1,027,352 | €1,369,520 | +€342,167 | +33.3% |
| Stocks | 30/36 | €1,027,352 | €1,369,520 | +€342,167 | +33.3% |
| Amounts receivable within one year | 40/41 | €13,741 | €5,259 | -€8,482 | -61.7% |
| Trade receivables | 40 | €4,300 | €5,157 | +€857 | +19.9% |
| Other amounts receivable | 41 | €9,441 | €102 | -€9,339 | -98.9% |
| Cash at bank and in hand | 54/58 | €129,106 | €400,849 | +€271,743 | +210% |
| Deferred charges and accrued income | 490/1 | €4,103 | €599 | -€3,504 | -85.4% |
| Total equity and liabilities | 10/49 | €2,896,454 | €3,178,148 | +€281,693 | +9.7% |
| Equity | 10/15 | -€77,903 | -€77,174 | +€730 | +0.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,903 | -€107,174 | +€730 | +0.7% |
| Amounts payable | 17/49 | €2,974,358 | €3,255,321 | +€280,964 | +9.4% |
| Amounts payable after more than one year | 17 | €1,244,052 | €1,095,631 | -€148,422 | -11.9% |
| Financial debts | 170/4 | €1,244,052 | €1,095,631 | -€148,422 | -11.9% |
| Amounts payable within one year | 42/48 | €1,728,422 | €2,155,832 | +€427,410 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €63,305 | €66,963 | +€3,658 | +5.8% |
| Financial debts | 43 | €668,000 | €818,000 | +€150,000 | +22.5% |
| Other loans | 439 | €668,000 | €818,000 | +€150,000 | +22.5% |
| Trade debts | 44 | €13,259 | €17,438 | +€4,178 | +31.5% |
| Suppliers | 440/4 | €13,259 | €17,438 | +€4,178 | +31.5% |
| Taxes, remuneration and social security | 45 | €286 | €20,297 | +€20,011 | +6,999% |
| Taxes | 450/3 | €286 | €20,297 | +€20,011 | +6,999% |
| Other amounts payable | 47/48 | €983,572 | €1,233,135 | +€249,563 | +25.4% |
| Accrued charges and deferred income | 492/3 | €1,883 | €3,859 | +€1,975 | +105% |
| Non-recurring operating income | 76A | €69,928 | €496,878 | +€426,950 | +611% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,879 | €57,947 | -€11,931 | -17.1% |
| Other operating charges | 640/8 | €11,958 | €10,323 | -€1,635 | -13.7% |
| Non-recurring operating charges | 66A | €44,951 | €429,237 | +€384,285 | +855% |
| Gross operating margin | 9900 | €134,446 | €553,966 | +€419,521 | +312% |
| Operating profit (loss) | 9901 | €7,657 | €56,460 | +€48,802 | +637% |
| Financial income | 75/76B | €168 | €170 | +€2 | +1.1% |
| Recurring financial income | 75 | €168 | €170 | +€2 | +1.1% |
| Financial charges | 65/66B | €45,668 | €55,619 | +€9,951 | +21.8% |
| Recurring financial charges | 65 | €45,668 | €55,619 | +€9,951 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,843 | €1,011 | +€38,853 | |
| Income taxes | 67/77 | €286 | €281 | -€5 | -1.7% |
| Profit (loss) for the period | 9904 | -€38,128 | €730 | +€38,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,128 | €730 | +€38,858 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.