GreenSheep: 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.
GreenSheep
Largest movements
- Tangible fixed assets +€83,868
up €83,868 (+806%), from €10,404 to €94,272
of which Leasing and similar rights: +€66,682
- Stocks and contracts +€67,503
up €67,503 (+102%), from €66,100 to €133,603
- Cash +€19,935
up €19,935 (+3,726%), from €535 to €20,470
- Intangible fixed assets +€13,690
up €13,690 (+426%), from €3,210 to €16,900
- Receivables within one year -€3,489
down €3,489 (-22.4%), from €15,564 to €12,075
of which Other amounts receivable: -€3,206
- Other debts +€108,573
up €108,573 (+130%), from €83,727 to €192,300
- Debts after one year +€52,377
new in 2025: €52,377
- Current portion of long-term debt +€14,977
new in 2025: €14,977
- Trade debts +€4,945
up €4,945 (+51.8%), from €9,540 to €14,485
- Gross operating margin +€18,778
up €18,778 (+663%), from €2,834 to €21,612
- Depreciation +€12,963
up €12,963 (+455%), from €2,846 to €15,809
- Financial charges +€3,284
up €3,284 (+200%), from €1,642 to €4,926
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,926 | €277,433 | +€181,507 | +189% |
| Fixed assets | 21/28 | €13,727 | €111,285 | +€97,558 | +711% |
| Intangible fixed assets | 21 | €3,210 | €16,900 | +€13,690 | +426% |
| Tangible fixed assets | 22/27 | €10,404 | €94,272 | +€83,868 | +806% |
| Plant, machinery and equipment | 23 | €2,478 | €11,526 | +€9,048 | +365% |
| Furniture and vehicles | 24 | €7,926 | €16,064 | +€8,138 | +103% |
| Leasing and similar rights | 25 | - | €66,682 | +€66,682 | |
| Financial fixed assets | 28 | €113 | €113 | = | 0.0% |
| Current assets | 29/58 | €82,199 | €166,148 | +€83,949 | +102% |
| Stocks and contracts in progress | 3 | €66,100 | €133,603 | +€67,503 | +102% |
| Stocks | 30/36 | €66,100 | €133,603 | +€67,503 | +102% |
| Amounts receivable within one year | 40/41 | €15,564 | €12,075 | -€3,489 | -22.4% |
| Trade receivables | 40 | €3,608 | €3,325 | -€283 | -7.8% |
| Other amounts receivable | 41 | €11,956 | €8,750 | -€3,206 | -26.8% |
| Cash at bank and in hand | 54/58 | €535 | €20,470 | +€19,935 | +3,726% |
| Total equity and liabilities | 10/49 | €95,926 | €277,433 | +€181,507 | +189% |
| Equity | 10/15 | €2,435 | €2,701 | +€266 | +10.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | - | -€30 | |
| Reserves not available under the articles | 1311 | €30 | - | -€30 | |
| Distributable reserves | 133 | - | €30 | +€30 | |
| Profit (loss) carried forward | 14 | -€18,595 | -€18,329 | +€266 | +1.4% |
| Amounts payable | 17/49 | €93,491 | €274,732 | +€181,241 | +194% |
| Amounts payable after more than one year | 17 | - | €52,377 | +€52,377 | |
| Financial debts | 170/4 | - | €52,377 | +€52,377 | |
| Amounts payable within one year | 42/48 | €93,491 | €222,355 | +€128,864 | +138% |
| Current portion of amounts payable after more than one year | 42 | - | €14,977 | +€14,977 | |
| Trade debts | 44 | €9,540 | €14,485 | +€4,945 | +51.8% |
| Suppliers | 440/4 | €9,540 | €14,485 | +€4,945 | +51.8% |
| Taxes, remuneration and social security | 45 | €224 | €593 | +€369 | +165% |
| Taxes | 450/3 | €224 | €593 | +€369 | +165% |
| Other amounts payable | 47/48 | €83,727 | €192,300 | +€108,573 | +130% |
| Non-recurring operating income | 76A | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €15,809 | +€12,963 | +455% |
| Other operating charges | 640/8 | €772 | €621 | -€151 | -19.6% |
| Gross operating margin | 9900 | €2,834 | €21,612 | +€18,778 | +663% |
| Operating profit (loss) | 9901 | -€784 | €5,182 | +€5,966 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,642 | €4,926 | +€3,284 | +200% |
| Recurring financial charges | 65 | €1,642 | €4,926 | +€3,284 | +200% |
| Profit (loss) for the period before taxes | 9903 | -€2,426 | €266 | +€2,692 | |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€2,468 | €266 | +€2,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,468 | €266 | +€2,734 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.