GREENOVATE CONSULT: 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.
GREENOVATE CONSULT
Largest movements
- Cash +€74,538
up €74,538 (+26,165%), from €285 to €74,823
mainly Net result for the year (+€83,835) and Debts after one year (+€27,103)
- Tangible fixed assets +€44,682
up €44,682 (+2,029%), from €2,202 to €46,884
of which Leasing and similar rights: +€41,244
- Deferred charges and accrued income +€2,678
up €2,678 (+100%), from €2,671 to €5,349
- Reserves +€72,929
new in 2025: €72,929
- Debts after one year +€27,103
new in 2025: €27,103
- Current portion of long-term debt +€12,350
new in 2025: €12,350
- Profit (loss) carried forward +€10,906
no longer reported in 2025 (was -€10,906)
- Other debts -€9,874
down €9,874 (-70.2%), from €14,068 to €4,194
- Gross operating margin +€127,355
up €127,355, from -€10,052 to €117,303
- Taxes +€19,438
up €19,438 (+15,186%), from €128 to €19,566
- Depreciation +€9,688
up €9,688 (+3,007%), from €322 to €10,010
- Financial charges +€2,544
up €2,544 (+1,437%), from €177 to €2,721
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 | €5,873 | €127,056 | +€121,183 | +2,063% |
| Fixed assets | 21/28 | €2,202 | €46,884 | +€44,682 | +2,029% |
| Tangible fixed assets | 22/27 | €2,202 | €46,884 | +€44,682 | +2,029% |
| Plant, machinery and equipment | 23 | €2,202 | €1,950 | -€252 | -11.5% |
| Furniture and vehicles | 24 | - | €1,065 | +€1,065 | |
| Leasing and similar rights | 25 | - | €41,244 | +€41,244 | |
| Other tangible fixed assets | 26 | - | €2,625 | +€2,625 | |
| Current assets | 29/58 | €3,671 | €80,172 | +€76,501 | +2,084% |
| Amounts receivable within one year | 40/41 | €715 | - | -€715 | |
| Other amounts receivable | 41 | €715 | - | -€715 | |
| Cash at bank and in hand | 54/58 | €285 | €74,823 | +€74,538 | +26,165% |
| Deferred charges and accrued income | 490/1 | €2,671 | €5,349 | +€2,678 | +100% |
| Total equity and liabilities | 10/49 | €5,873 | €127,056 | +€121,183 | +2,063% |
| Equity | 10/15 | -€8,406 | €75,429 | +€83,835 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €72,929 | +€72,929 | |
| Distributable reserves | 133 | - | €72,929 | +€72,929 | |
| Profit (loss) carried forward | 14 | -€10,906 | - | +€10,906 | |
| Amounts payable | 17/49 | €14,279 | €51,626 | +€37,348 | +262% |
| Amounts payable after more than one year | 17 | - | €27,103 | +€27,103 | |
| Financial debts | 170/4 | - | €27,103 | +€27,103 | |
| Amounts payable within one year | 42/48 | €14,279 | €24,524 | +€10,245 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,350 | +€12,350 | |
| Trade debts | 44 | €82 | €699 | +€617 | +750% |
| Suppliers | 440/4 | €82 | €699 | +€617 | +750% |
| Taxes, remuneration and social security | 45 | €128 | €7,280 | +€7,152 | +5,588% |
| Taxes | 450/3 | €128 | €7,280 | +€7,152 | +5,588% |
| Other amounts payable | 47/48 | €14,068 | €4,194 | -€9,874 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322 | €10,010 | +€9,688 | +3,007% |
| Other operating charges | 640/8 | €226 | €1,171 | +€945 | +418% |
| Gross operating margin | 9900 | -€10,052 | €117,303 | +€127,355 | |
| Operating profit (loss) | 9901 | -€10,601 | €106,121 | +€116,722 | |
| Financial charges | 65/66B | €177 | €2,721 | +€2,544 | +1,437% |
| Recurring financial charges | 65 | €177 | €2,721 | +€2,544 | +1,437% |
| Profit (loss) for the period before taxes | 9903 | -€10,778 | €103,400 | +€114,178 | |
| Income taxes | 67/77 | €128 | €19,566 | +€19,438 | +15,186% |
| Profit (loss) for the period | 9904 | -€10,906 | €83,835 | +€94,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,906 | €83,835 | +€94,741 |
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 17 October 2026 via checked.be.