GREENPIG: 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.
GREENPIG
Largest movements
- Receivables within one year +€24,689
up €24,689 (+13.0%), from €189,487 to €214,176
of which Trade receivables: +€34,438
- Cash +€20,133
up €20,133 (+91.4%), from €22,024 to €42,157
mainly Depreciation (+€42,591) and Net result for the year (+€22,867)
- Tangible fixed assets -€18,709
down €18,709 (-16.7%), from €111,793 to €93,084
of which Furniture and vehicles: -€23,088
- Current investments -€18,677
no longer reported in 2025 (was €18,677)
- Deferred charges and accrued income -€6,446
down €6,446 (-51.5%), from €12,507 to €6,061
- Debts after one year -€18,978
down €18,978 (-20.9%), from €91,009 to €72,031
of which Other amounts payable: -€35,000
- Tax, wage and social debts +€17,909
up €17,909 (+13.6%), from €131,905 to €149,814
of which Taxes: +€18,799
- Short-term financial debts -€12,840
down €12,840 (-24.0%), from €53,461 to €40,621
- Profit (loss) carried forward +€11,114
up €11,114 (+39.3%), from €28,264 to €39,378
- Other debts +€9,041
up €9,041 (+83.4%), from €10,835 to €19,876
- Turnover +€41,751
up €41,751 (+4.0%), from €1.0m to €1.1m
- Gross operating margin +€30,035
up €30,035 (+4.5%), from €664,573 to €694,608
- Purchases and services +€21,251
up €21,251 (+4.8%), from €445,007 to €466,258
- Staff costs +€11,101
up €11,101 (+1.9%), from €597,635 to €608,736
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 | €394,838 | €395,823 | +€985 | +0.2% |
| Fixed assets | 21/28 | €152,143 | €133,429 | -€18,714 | -12.3% |
| Intangible fixed assets | 21 | €40,000 | €39,995 | -€5 | 0.0% |
| Tangible fixed assets | 22/27 | €111,793 | €93,084 | -€18,709 | -16.7% |
| Plant, machinery and equipment | 23 | €14,011 | €13,204 | -€807 | -5.8% |
| Furniture and vehicles | 24 | €62,379 | €39,291 | -€23,088 | -37.0% |
| Other tangible fixed assets | 26 | €35,403 | €40,589 | +€5,186 | +14.6% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €242,695 | €262,394 | +€19,699 | +8.1% |
| Amounts receivable within one year | 40/41 | €189,487 | €214,176 | +€24,689 | +13.0% |
| Trade receivables | 40 | €176,139 | €210,577 | +€34,438 | +19.6% |
| Other amounts receivable | 41 | €13,348 | €3,599 | -€9,749 | -73.0% |
| Current investments | 50/53 | €18,677 | - | -€18,677 | |
| Cash at bank and in hand | 54/58 | €22,024 | €42,157 | +€20,133 | +91.4% |
| Deferred charges and accrued income | 490/1 | €12,507 | €6,061 | -€6,446 | -51.5% |
| Total equity and liabilities | 10/49 | €394,838 | €395,823 | +€985 | +0.2% |
| Equity | 10/15 | €35,084 | €46,198 | +€11,114 | +31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | - | -€620 | |
| Other | 1319 | - | €620 | +€620 | |
| Profit (loss) carried forward | 14 | €28,264 | €39,378 | +€11,114 | +39.3% |
| Amounts payable | 17/49 | €359,754 | €349,625 | -€10,129 | -2.8% |
| Amounts payable after more than one year | 17 | €91,009 | €72,031 | -€18,978 | -20.9% |
| Financial debts | 170/4 | €56,009 | €72,031 | +€16,022 | +28.6% |
| Other amounts payable | 178/9 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €268,715 | €277,564 | +€8,849 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €22,787 | €18,977 | -€3,810 | -16.7% |
| Financial debts | 43 | €53,461 | €40,621 | -€12,840 | -24.0% |
| Credit institutions | 430/8 | €53,461 | €40,621 | -€12,840 | -24.0% |
| Trade debts | 44 | €49,727 | €48,276 | -€1,451 | -2.9% |
| Suppliers | 440/4 | €49,727 | €48,276 | -€1,451 | -2.9% |
| Taxes, remuneration and social security | 45 | €131,905 | €149,814 | +€17,909 | +13.6% |
| Taxes | 450/3 | €62,856 | €81,655 | +€18,799 | +29.9% |
| Remuneration and social security | 454/9 | €69,049 | €68,159 | -€890 | -1.3% |
| Other amounts payable | 47/48 | €10,835 | €19,876 | +€9,041 | +83.4% |
| Accrued charges and deferred income | 492/3 | €30 | €30 | = | 0.0% |
| Turnover | 70 | €1,037,243 | €1,078,994 | +€41,751 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €445,007 | €466,258 | +€21,251 | +4.8% |
| Remuneration, social security and pensions | 62 | €597,635 | €608,736 | +€11,101 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,208 | €42,591 | -€1,617 | -3.7% |
| Other operating charges | 640/8 | €1,198 | €1,296 | +€98 | +8.2% |
| Gross operating margin | 9900 | €664,573 | €694,608 | +€30,035 | +4.5% |
| Operating profit (loss) | 9901 | €21,532 | €41,985 | +€20,453 | +95.0% |
| Financial income | 75/76B | €63 | €1,991 | +€1,928 | +3,060% |
| Recurring financial income | 75 | €63 | €1,991 | +€1,928 | +3,060% |
| Financial charges | 65/66B | €8,645 | €7,415 | -€1,230 | -14.2% |
| Recurring financial charges | 65 | €8,645 | €7,415 | -€1,230 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €12,950 | €36,561 | +€23,611 | +182% |
| Income taxes | 67/77 | €8,449 | €13,694 | +€5,245 | +62.1% |
| Profit (loss) for the period | 9904 | €4,501 | €22,867 | +€18,366 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €4,501 | €22,867 | +€18,366 | +408% |
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 18 October 2026 via checked.be.