GreenPlug Engineering: 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.
GreenPlug Engineering
Largest movements
- Receivables within one year -€295,938
down €295,938 (-83.1%), from €356,131 to €60,193
of which Trade receivables: -€312,386
- Tangible fixed assets -€22,586
down €22,586 (-57.8%), from €39,060 to €16,474
- Cash +€14,251
up €14,251 (+10.4%), from €136,498 to €150,749
mainly Receivables within one year (+€295,938) and Depreciation (+€22,646)
- Other debts -€117,626
down €117,626 (-100.0%), from €117,647 to €21
- Profit (loss) carried forward -€102,231
down €102,231 (-48.1%), from €212,696 to €110,465
- Trade debts -€77,125
down €77,125 (-43.7%), from €176,290 to €99,165
- Tax, wage and social debts -€7,283
down €7,283 (-95.6%), from €7,619 to €336
of which Taxes: -€7,451
- Gross operating margin -€268,472
down €268,472 (-97.5%), from €275,279 to €6,807
- Taxes -€31,059
down €31,059 (-85.4%), from €36,366 to €5,307
- Depreciation -€12,253
down €12,253 (-35.1%), from €34,899 to €22,646
- Staff costs +€6,575
up €6,575 (+9.9%), from €66,560 to €73,135
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 | €534,252 | €229,987 | -€304,265 | -57.0% |
| Fixed assets | 21/28 | €39,148 | €16,502 | -€22,646 | -57.8% |
| Intangible fixed assets | 21 | €88 | €28 | -€61 | -68.7% |
| Tangible fixed assets | 22/27 | €39,060 | €16,474 | -€22,586 | -57.8% |
| Plant, machinery and equipment | 23 | €39,060 | €16,474 | -€22,586 | -57.8% |
| Current assets | 29/58 | €495,104 | €213,485 | -€281,619 | -56.9% |
| Amounts receivable within one year | 40/41 | €356,131 | €60,193 | -€295,938 | -83.1% |
| Trade receivables | 40 | €349,295 | €36,910 | -€312,386 | -89.4% |
| Other amounts receivable | 41 | €6,835 | €23,283 | +€16,448 | +240.6% |
| Cash at bank and in hand | 54/58 | €136,498 | €150,749 | +€14,251 | +10.4% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,543 | +€68 | +2.7% |
| Total equity and liabilities | 10/49 | €534,252 | €229,987 | -€304,265 | -57.0% |
| Equity | 10/15 | €232,696 | €130,465 | -€102,231 | -43.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,696 | €110,465 | -€102,231 | -48.1% |
| Amounts payable | 17/49 | €301,556 | €99,522 | -€202,034 | -67.0% |
| Amounts payable within one year | 42/48 | €301,556 | €99,522 | -€202,034 | -67.0% |
| Trade debts | 44 | €176,290 | €99,165 | -€77,125 | -43.7% |
| Suppliers | 440/4 | €176,290 | €99,165 | -€77,125 | -43.7% |
| Taxes, remuneration and social security | 45 | €7,619 | €336 | -€7,283 | -95.6% |
| Taxes | 450/3 | €7,566 | €116 | -€7,451 | -98.5% |
| Remuneration and social security | 454/9 | €53 | €221 | +€168 | +316.4% |
| Other amounts payable | 47/48 | €117,647 | €21 | -€117,626 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €66,560 | €73,135 | +€6,575 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,899 | €22,646 | -€12,253 | -35.1% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Gross operating margin | 9900 | €275,279 | €6,807 | -€268,472 | -97.5% |
| Operating profit (loss) | 9901 | €173,432 | -€89,973 | -€263,405 | |
| Financial income | 75/76B | €6 | €2,507 | +€2,501 | +39261.5% |
| Recurring financial income | 75 | €6 | €2,507 | +€2,501 | +39261.5% |
| Financial charges | 65/66B | €7,599 | €9,458 | +€1,859 | +24.5% |
| Recurring financial charges | 65 | €7,599 | €9,458 | +€1,859 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €165,840 | -€96,924 | -€262,763 | |
| Income taxes | 67/77 | €36,366 | €5,307 | -€31,059 | -85.4% |
| Profit (loss) for the period | 9904 | €129,474 | -€102,231 | -€231,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,474 | -€102,231 | -€231,705 |
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 11 October 2026 via checked.be.