GREENPAUWER: what changed
GREENPAUWER
Largest movements
- Receivables within one year +€556,150
up €556,150 (+132%), from €422,795 to €978,945
of which Trade receivables: +€362,288
- Stocks and contracts +€190,650
up €190,650 (+70.5%), from €270,300 to €460,950
- Cash +€41,001
up €41,001 (+4,584%), from €894 to €41,896
mainly Trade debts (+€633,055) and Other debts (+€95,000)
- Tangible fixed assets -€27,815
down €27,815 (-66.5%), from €41,824 to €14,009
of which Plant, machinery and equipment: -€18,333
- Trade debts +€633,055
up €633,055 (+585%), from €108,251 to €741,306
- Other debts +€95,000
up €95,000 (+380%), from €25,000 to €120,000
- Accrued charges and deferred income +€93,642
up €93,642 (+149%), from €63,000 to €156,642
- Reserves -€53,846
down €53,846 (-19.3%), from €279,214 to €225,368
- Gross operating margin -€90,286
down €90,286 (-38.1%), from €237,214 to €146,928
- Write-downs -€22,650
down €22,650, from €14,600 to -€8,050
- Depreciation -€21,416
down €21,416 (-43.5%), from €49,231 to €27,815
- Taxes -€6,951
down €6,951 (-19.2%), from €36,123 to €29,172
- Financial charges -€3,061
down €3,061 (-24.3%), from €12,617 to €9,555
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €736,686 | €1,496,389 | +€759,703 | +103% |
| Fixed assets | 21/28 | €41,824 | €14,009 | -€27,815 | -66.5% |
| Tangible fixed assets | 22/27 | €41,824 | €14,009 | -€27,815 | -66.5% |
| Plant, machinery and equipment | 23 | €18,936 | €603 | -€18,333 | -96.8% |
| Furniture and vehicles | 24 | €1,537 | €901 | -€636 | -41.4% |
| Leasing and similar rights | 25 | €21,351 | €12,505 | -€8,846 | -41.4% |
| Current assets | 29/58 | €694,862 | €1,482,380 | +€787,518 | +113% |
| Stocks and contracts in progress | 3 | €270,300 | €460,950 | +€190,650 | +70.5% |
| Stocks | 30/36 | €270,300 | €460,950 | +€190,650 | +70.5% |
| Amounts receivable within one year | 40/41 | €422,795 | €978,945 | +€556,150 | +132% |
| Trade receivables | 40 | €383,888 | €746,176 | +€362,288 | +94.4% |
| Other amounts receivable | 41 | €38,907 | €232,770 | +€193,862 | +498% |
| Cash at bank and in hand | 54/58 | €894 | €41,896 | +€41,001 | +4,584% |
| Deferred charges and accrued income | 490/1 | €873 | €590 | -€283 | -32.5% |
| Total equity and liabilities | 10/49 | €736,686 | €1,496,389 | +€759,703 | +103% |
| Equity | 10/15 | €289,214 | €235,368 | -€53,846 | -18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €279,214 | €225,368 | -€53,846 | -19.3% |
| Distributable reserves | 133 | €279,214 | €225,368 | -€53,846 | -19.3% |
| Amounts payable | 17/49 | €447,472 | €1,261,021 | +€813,549 | +182% |
| Amounts payable after more than one year | 17 | €21,896 | €13,356 | -€8,541 | -39.0% |
| Financial debts | 170/4 | €21,896 | €13,356 | -€8,541 | -39.0% |
| Amounts payable within one year | 42/48 | €362,576 | €1,091,023 | +€728,447 | +201% |
| Current portion of amounts payable after more than one year | 42 | €8,201 | €8,541 | +€339 | +4.1% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €108,251 | €741,306 | +€633,055 | +585% |
| Suppliers | 440/4 | €108,251 | €741,306 | +€633,055 | +585% |
| Taxes, remuneration and social security | 45 | €21,123 | €21,176 | +€53 | +0.3% |
| Taxes | 450/3 | €21,123 | €21,176 | +€53 | +0.3% |
| Other amounts payable | 47/48 | €25,000 | €120,000 | +€95,000 | +380% |
| Accrued charges and deferred income | 492/3 | €63,000 | €156,642 | +€93,642 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,231 | €27,815 | -€21,416 | -43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,600 | -€8,050 | -€22,650 | |
| Other operating charges | 640/8 | €2,067 | €1,695 | -€372 | -18.0% |
| Gross operating margin | 9900 | €237,214 | €146,928 | -€90,286 | -38.1% |
| Operating profit (loss) | 9901 | €171,316 | €125,468 | -€45,848 | -26.8% |
| Financial income | 75/76B | €873 | €590 | -€283 | -32.4% |
| Recurring financial income | 75 | €873 | €590 | -€283 | -32.4% |
| Financial charges | 65/66B | €12,617 | €9,555 | -€3,061 | -24.3% |
| Recurring financial charges | 65 | €12,617 | €9,555 | -€3,061 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €159,572 | €116,502 | -€43,070 | -27.0% |
| Income taxes | 67/77 | €36,123 | €29,172 | -€6,951 | -19.2% |
| Profit (loss) for the period | 9904 | €123,449 | €87,331 | -€36,118 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,449 | €87,331 | -€36,118 | -29.3% |
Next steps
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 1 November 2026 via checked.be.