GREENSEAL: what changed
Two fiscal 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.
GREENSEAL
Largest movements
- Intangible fixed assets -€52,334
down €52,334 (-89.3%), from €58,599 to €6,265
- Cash -€13,516
down €13,516 (-68.5%), from €19,731 to €6,214
mainly Net result for the year (-€57,354) and Trade debts (-€8,479)
- Receivables within one year +€7,463
up €7,463 (+49.3%), from €15,128 to €22,591
- Deferred charges and accrued income -€6,133
down €6,133 (-20.9%), from €29,361 to €23,228
- Tangible fixed assets -€1,312
down €1,312 (-100.0%), from €1,312 to €0
of which Furniture and vehicles: -€1,312
- Profit (loss) carried forward -€57,354
down €57,354 (-1.3%), from -€4.4m to -€4.4m
- Trade debts -€8,479
down €8,479 (-87.5%), from €9,686 to €1,207
- Depreciation -€25,362
down €25,362 (-32.1%), from €79,008 to €53,646
- Gross operating margin +€12,342
up €12,342 (+68.0%), from -€18,153 to -€5,810
- Taxes +€1,329
up €1,329 (+33.1%), from -€4,019 to -€2,689
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 | €124,131 | €58,298 | -€65,833 | -53.0% |
| Fixed assets | 21/28 | €59,911 | €6,265 | -€53,646 | -89.5% |
| Intangible fixed assets | 21 | €58,599 | €6,265 | -€52,334 | -89.3% |
| Tangible fixed assets | 22/27 | €1,312 | €0 | -€1,312 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,312 | €0 | -€1,312 | -100.0% |
| Current assets | 29/58 | €64,220 | €52,033 | -€12,187 | -19.0% |
| Amounts receivable within one year | 40/41 | €15,128 | €22,591 | +€7,463 | +49.3% |
| Other amounts receivable | 41 | €15,128 | €22,591 | +€7,463 | +49.3% |
| Cash at bank and in hand | 54/58 | €19,731 | €6,214 | -€13,516 | -68.5% |
| Deferred charges and accrued income | 490/1 | €29,361 | €23,228 | -€6,133 | -20.9% |
| Total equity and liabilities | 10/49 | €124,131 | €58,298 | -€65,833 | -53.0% |
| Equity | 10/15 | -€1,055,641 | -€1,112,995 | -€57,354 | -5.4% |
| Contributions | 10/11 | €3,311,000 | €3,311,000 | = | 0.0% |
| Capital | 10 | €3,311,000 | €3,311,000 | = | 0.0% |
| Issued capital | 100 | €3,311,000 | €3,311,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,366,641 | -€4,423,995 | -€57,354 | -1.3% |
| Amounts payable | 17/49 | €1,179,772 | €1,171,293 | -€8,479 | -0.7% |
| Amounts payable within one year | 42/48 | €1,179,772 | €1,171,293 | -€8,479 | -0.7% |
| Trade debts | 44 | €9,686 | €1,207 | -€8,479 | -87.5% |
| Suppliers | 440/4 | €9,686 | €1,207 | -€8,479 | -87.5% |
| Other amounts payable | 47/48 | €1,170,087 | €1,170,087 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,008 | €53,646 | -€25,362 | -32.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€18,153 | -€5,810 | +€12,342 | +68.0% |
| Operating profit (loss) | 9901 | -€97,689 | -€60,000 | +€37,689 | +38.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €31 | €43 | +€12 | +37.9% |
| Recurring financial charges | 65 | €31 | €43 | +€12 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€97,720 | -€60,043 | +€37,677 | +38.6% |
| Income taxes | 67/77 | -€4,019 | -€2,689 | +€1,329 | +33.1% |
| Profit (loss) for the period | 9904 | -€93,701 | -€57,354 | +€36,348 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,701 | -€57,354 | +€36,348 | +38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.