GREENSAN: 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.
GREENSAN
Largest movements
- Cash -€10
down €10 (-99.6%), from €10 to €0
mainly Net result for the year (-€2,010) and Trade debts (-€427)
- Other debts +€2,428
up €2,428 (+14.0%), from €17,296 to €19,723
- Profit (loss) carried forward -€2,010
down €2,010 (-0.3%), from -€789,757 to -€791,767
- Trade debts -€427
down €427 (-100%), from €427 to €0
- Other operating charges -€55,740
down €55,740 (-99.0%), from €56,293 to €554
- Write-downs +€55,701
up €55,701, from -€55,701 to €0
- Gross operating margin +€108
up €108 (+7.2%), from -€1,505 to -€1,397
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 | €10 | €0 | -€10 | -99.6% |
| Current assets | 29/58 | €10 | €0 | -€10 | -99.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10 | €0 | -€10 | -99.6% |
| Total equity and liabilities | 10/49 | €10 | €0 | -€10 | -99.6% |
| Equity | 10/15 | -€720,757 | -€722,767 | -€2,010 | -0.3% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Capital | 10 | €69,000 | €69,000 | = | 0.0% |
| Issued capital | 100 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€789,757 | -€791,767 | -€2,010 | -0.3% |
| Amounts payable | 17/49 | €720,766 | €722,767 | +€2,001 | +0.3% |
| Amounts payable after more than one year | 17 | €703,043 | €703,043 | = | 0.0% |
| Other amounts payable | 178/9 | €703,043 | €703,043 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,723 | €19,723 | +€2,001 | +11.3% |
| Trade debts | 44 | €427 | €0 | -€427 | -100% |
| Suppliers | 440/4 | €427 | €0 | -€427 | -100% |
| Other amounts payable | 47/48 | €17,296 | €19,723 | +€2,428 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€55,701 | €0 | +€55,701 | |
| Other operating charges | 640/8 | €56,293 | €554 | -€55,740 | -99.0% |
| Gross operating margin | 9900 | -€1,505 | -€1,397 | +€108 | +7.2% |
| Operating profit (loss) | 9901 | -€2,098 | -€1,951 | +€147 | +7.0% |
| Financial charges | 65/66B | €49 | €60 | +€11 | +22.0% |
| Recurring financial charges | 65 | €49 | €60 | +€11 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,146 | -€2,010 | +€136 | +6.3% |
| Profit (loss) for the period | 9904 | -€2,146 | -€2,010 | +€136 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,146 | -€2,010 | +€136 | +6.3% |
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 15 October 2026 via checked.be.