GREENSIDE: 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.
GREENSIDE
Largest movements
- Cash +€76,406
up €76,406 (+114.7%), from €66,602 to €143,008
mainly Other debts (+€169,742) and Net result for the year (+€148,025)
- Intangible fixed assets +€45,548
up €45,548 (+29011.5%), from €157 to €45,705
- Receivables within one year -€32,843
down €32,843 (-78.0%), from €42,131 to €9,288
of which Trade receivables: -€25,587
- Current investments +€31,416
up €31,416 (+6.8%), from €462,184 to €493,600
- Other debts +€169,742
up €169,742 (+242.4%), from €70,039 to €239,781
- Reserves -€108,351
down €108,351 (-26.1%), from €415,086 to €306,735
of which Distributable reserves: -€108,351
- Trade debts +€40,420
up €40,420 (+328.3%), from €12,312 to €52,732
- Tax, wage and social debts +€9,798
up €9,798 (+32.7%), from €29,941 to €39,739
of which Taxes: +€15,150
- Gross operating margin +€69,497
up €69,497 (+43.4%), from €160,230 to €229,727
- Taxes +€39,796
up €39,796 (+135.7%), from €29,317 to €69,113
- Financial income +€37,192
up €37,192 (+245.9%), from €15,126 to €52,318
- Financial charges -€16,502
down €16,502 (-85.4%), from €19,330 to €2,828
- Staff costs -€9,625
down €9,625 (-16.0%), from €60,030 to €50,405
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 | €610,428 | €728,324 | +€117,896 | +19.3% |
| Fixed assets | 21/28 | €16,758 | €61,941 | +€45,183 | +269.6% |
| Intangible fixed assets | 21 | €157 | €45,705 | +€45,548 | +29011.5% |
| Tangible fixed assets | 22/27 | €14,101 | €13,736 | -€365 | -2.6% |
| Plant, machinery and equipment | 23 | €12,172 | €12,179 | +€7 | +0.1% |
| Furniture and vehicles | 24 | €1,929 | €1,557 | -€372 | -19.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €593,670 | €666,383 | +€72,713 | +12.2% |
| Stocks and contracts in progress | 3 | €22,753 | €20,487 | -€2,266 | -10.0% |
| Stocks | 30/36 | €22,753 | €20,487 | -€2,266 | -10.0% |
| Amounts receivable within one year | 40/41 | €42,131 | €9,288 | -€32,843 | -78.0% |
| Trade receivables | 40 | €31,589 | €6,002 | -€25,587 | -81.0% |
| Other amounts receivable | 41 | €10,542 | €3,286 | -€7,256 | -68.8% |
| Current investments | 50/53 | €462,184 | €493,600 | +€31,416 | +6.8% |
| Cash at bank and in hand | 54/58 | €66,602 | €143,008 | +€76,406 | +114.7% |
| Total equity and liabilities | 10/49 | €610,428 | €728,324 | +€117,896 | +19.3% |
| Equity | 10/15 | €477,600 | €369,249 | -€108,351 | -22.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €415,086 | €306,735 | -€108,351 | -26.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €408,886 | €300,535 | -€108,351 | -26.5% |
| Profit (loss) carried forward | 14 | €514 | €514 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,536 | €26,823 | +€6,287 | +30.6% |
| Provisions for liabilities and charges | 160/5 | €20,536 | €26,823 | +€6,287 | +30.6% |
| Other liabilities and charges | 164/5 | €20,536 | €26,823 | +€6,287 | +30.6% |
| Amounts payable | 17/49 | €112,292 | €332,252 | +€219,960 | +195.9% |
| Amounts payable within one year | 42/48 | €112,292 | €332,252 | +€219,960 | +195.9% |
| Trade debts | 44 | €12,312 | €52,732 | +€40,420 | +328.3% |
| Suppliers | 440/4 | €12,312 | €52,732 | +€40,420 | +328.3% |
| Taxes, remuneration and social security | 45 | €29,941 | €39,739 | +€9,798 | +32.7% |
| Taxes | 450/3 | €16,665 | €31,815 | +€15,150 | +90.9% |
| Remuneration and social security | 454/9 | €13,276 | €7,924 | -€5,352 | -40.3% |
| Other amounts payable | 47/48 | €70,039 | €239,781 | +€169,742 | +242.4% |
| Remuneration, social security and pensions | 62 | €60,030 | €50,405 | -€9,625 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,372 | €5,389 | +€3,017 | +127.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,854 | €6,285 | +€4,431 | +239.0% |
| Gross operating margin | 9900 | €160,230 | €229,727 | +€69,497 | +43.4% |
| Operating profit (loss) | 9901 | €95,974 | €167,648 | +€71,674 | +74.7% |
| Financial income | 75/76B | €15,126 | €52,318 | +€37,192 | +245.9% |
| Recurring financial income | 75 | €15,126 | €52,318 | +€37,192 | +245.9% |
| Financial charges | 65/66B | €19,330 | €2,828 | -€16,502 | -85.4% |
| Recurring financial charges | 65 | €19,330 | €2,828 | -€16,502 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €91,770 | €217,138 | +€125,368 | +136.6% |
| Income taxes | 67/77 | €29,317 | €69,113 | +€39,796 | +135.7% |
| Profit (loss) for the period | 9904 | €62,453 | €148,025 | +€85,572 | +137.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,453 | €148,025 | +€85,572 | +137.0% |
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 8 October 2026 via checked.be.