GREENROD: 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.
GREENROD
Largest movements
- Receivables within one year +€526
up €526 (+11.0%), from €4,763 to €5,289
- Tangible fixed assets +€503
up €503 (+13.7%), from €3,673 to €4,176
of which Plant, machinery and equipment: +€3,511
- Deferred charges and accrued income +€141
new in 2025: €141
- Other debts +€15,905
up €15,905 (+257.8%), from €6,170 to €22,075
- Profit (loss) carried forward -€4,890
down €4,890 (-37.5%), from -€13,049 to -€17,938
- Trade debts -€3,033
down €3,033 (-93.0%), from €3,261 to €227
- Current portion of long-term debt -€2,865
no longer reported in 2025 (was €2,865)
- Tax, wage and social debts -€2,386
down €2,386 (-46.2%), from €5,163 to €2,777
of which Remuneration and social security: -€2,277
- Gross operating margin -€4,600
down €4,600 (-61.9%), from €7,432 to €2,832
- Financial income -€3,060
no longer reported in 2025 (was €3,060)
of which Financial income: -€3,060
- Depreciation -€1,780
down €1,780 (-32.9%), from €5,403 to €3,623
- Staff costs +€815
up €815 (+51.9%), from €1,570 to €2,384
- Other operating charges +€748
up €748 (+114.0%), from €656 to €1,404
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 | €8,436 | €9,642 | +€1,206 | +14.3% |
| Fixed assets | 21/28 | €3,673 | €4,176 | +€503 | +13.7% |
| Tangible fixed assets | 22/27 | €3,673 | €4,176 | +€503 | +13.7% |
| Plant, machinery and equipment | 23 | - | €3,511 | +€3,511 | |
| Furniture and vehicles | 24 | €3,673 | €665 | -€3,008 | -81.9% |
| Current assets | 29/58 | €4,763 | €5,466 | +€703 | +14.8% |
| Amounts receivable within one year | 40/41 | €4,763 | €5,289 | +€526 | +11.0% |
| Trade receivables | 40 | €4,763 | €5,289 | +€526 | +11.0% |
| Cash at bank and in hand | 54/58 | - | €36 | +€36 | |
| Deferred charges and accrued income | 490/1 | - | €141 | +€141 | |
| Total equity and liabilities | 10/49 | €8,436 | €9,642 | +€1,206 | +14.3% |
| Equity | 10/15 | -€13,048 | -€17,937 | -€4,890 | -37.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,049 | -€17,938 | -€4,890 | -37.5% |
| Amounts payable | 17/49 | €21,484 | €27,579 | +€6,095 | +28.4% |
| Amounts payable within one year | 42/48 | €21,484 | €27,579 | +€6,095 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €2,865 | - | -€2,865 | |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | €3,261 | €227 | -€3,033 | -93.0% |
| Suppliers | 440/4 | €3,261 | €227 | -€3,033 | -93.0% |
| Advances received on contracts in progress | 46 | €4,000 | €2,500 | -€1,500 | -37.5% |
| Taxes, remuneration and social security | 45 | €5,163 | €2,777 | -€2,386 | -46.2% |
| Taxes | 450/3 | €2,661 | €2,552 | -€109 | -4.1% |
| Remuneration and social security | 454/9 | €2,502 | €225 | -€2,277 | -91.0% |
| Other amounts payable | 47/48 | €6,170 | €22,075 | +€15,905 | +257.8% |
| Remuneration, social security and pensions | 62 | €1,570 | €2,384 | +€815 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €3,623 | -€1,780 | -32.9% |
| Other operating charges | 640/8 | €656 | €1,404 | +€748 | +114.0% |
| Gross operating margin | 9900 | €7,432 | €2,832 | -€4,600 | -61.9% |
| Operating profit (loss) | 9901 | -€196 | -€4,579 | -€4,384 | -2239.7% |
| Financial income | 75/76B | €3,060 | - | -€3,060 | |
| Recurring financial income | 75 | €3,060 | - | -€3,060 | |
| Non-recurring financial income | 76B | €3,060 | - | -€3,060 | |
| Financial charges | 65/66B | €686 | €277 | -€409 | -59.6% |
| Recurring financial charges | 65 | €686 | €277 | -€409 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €2,178 | -€4,856 | -€7,034 | |
| Income taxes | 67/77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €2,178 | -€4,890 | -€7,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,178 | -€4,890 | -€7,067 |
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 9 October 2026 via checked.be.