GREENSKY: 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.
What changed
GREENSKY
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €3.8m-€688,172
Equity
€15.1m
2024 · €14.5m+€645,602
Cash
€3.3m
2024 · €2.2m+€1.0m
Balance sheet total
€31.3m
2024 · €36.0m-€4.7m
Largest movements
Assets
- Tangible fixed assets -€3.1m
down €3.1m (-10.7%), from €28.9m to €25.8m
- Current investments -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Receivables within one year -€1.3m
down €1.3m (-42.9%), from €3.1m to €1.8m
- Cash +€1.0m
up €1.0m (+46.5%), from €2.2m to €3.3m
mainly Net result for the year (+€3.1m) and Depreciation (+€3.1m)
Equity and liabilities
- Debts after one year -€2.6m
down €2.6m (-22.3%), from €11.7m to €9.1m
- Current portion of long-term debt -€1.2m
down €1.2m (-32.2%), from €3.9m to €2.6m
- Trade debts -€934,354
down €934,354 (-48.5%), from €1.9m to €992,692
- Profit (loss) carried forward +€645,602
up €645,602 (+38.2%), from €1.7m to €2.3m
- Other debts -€642,237
down €642,237 (-30.0%), from €2.1m to €1.5m
Income statement
- Turnover -€954,394
down €954,394 (-8.8%), from €10.8m to €9.9m
- Taxes -€187,621
down €187,621 (-14.6%), from €1.3m to €1.1m
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.
Result 2024
€3.8m
Turnover
-€954,394
Other operating income
+€20,170
Services and other goods
+€70,165
Other operating charges
-€16,325
Financial income
-€90,632
Financial charges
+€95,224
Taxes
+€187,621
Result 2025
€3.1m
raises the resultlowers the result
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.
From operations
+€5.9m
Investment
+€1.5m
Financing
-€6.4m
Cash 2024
€2.2m
From operations (derived)
+€5.9m
Net result for the year
+€3.1m
Depreciation
+€3.1m
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€168,266
Provisions
+€151,200
Trade debts
-€934,354
Tax, wage and social debts
-€63,554
Other debts
-€642,237
Investment (derived)
+€1.5m
Current investments
+€1.5m
Financing
-€6.4m
Debts after one year
-€2.6m
Current portion of long-term debt
-€1.2m
Contributions, distributions and other
-€2.5m
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,988,495 | €31,279,852 | -€4.7m | -13.1% |
| Fixed assets | 21/28 | €28,879,286 | €25,799,655 | -€3.1m | -10.7% |
| Tangible fixed assets | 22/27 | €28,879,286 | €25,799,655 | -€3.1m | -10.7% |
| Plant, machinery and equipment | 23 | €28,879,286 | €25,799,655 | -€3.1m | -10.7% |
| Current assets | 29/58 | €7,109,209 | €5,480,197 | -€1.6m | -22.9% |
| Amounts receivable within one year | 40/41 | €3,132,232 | €1,789,789 | -€1.3m | -42.9% |
| Trade receivables | 40 | €3,132,232 | €1,789,789 | -€1.3m | -42.9% |
| Current investments | 50/53 | €1,500,000 | €0 | -€1.5m | -100% |
| Other investments | 51/53 | €1,500,000 | €0 | -€1.5m | -100% |
| Cash at bank and in hand | 54/58 | €2,249,322 | €3,294,486 | +€1.0m | +46.5% |
| Deferred charges and accrued income | 490/1 | €227,656 | €395,921 | +€168,266 | +73.9% |
| Total equity and liabilities | 10/49 | €35,988,495 | €31,279,852 | -€4.7m | -13.1% |
| Equity | 10/15 | €14,468,546 | €15,114,148 | +€645,602 | +4.5% |
| Contributions | 10/11 | €11,618,200 | €11,618,200 | = | 0.0% |
| Capital | 10 | €11,618,200 | €11,618,200 | = | 0.0% |
| Issued capital | 100 | €11,618,200 | €11,618,200 | = | 0.0% |
| Reserves | 13 | €1,161,820 | €1,161,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,161,820 | €1,161,820 | = | 0.0% |
| Legal reserve | 130 | €1,161,820 | €1,161,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,688,526 | €2,334,128 | +€645,602 | +38.2% |
| Provisions and deferred taxes | 16 | €1,242,500 | €1,393,700 | +€151,200 | +12.2% |
| Provisions for liabilities and charges | 160/5 | €1,242,500 | €1,393,700 | +€151,200 | +12.2% |
| Other liabilities and charges | 164/5 | €1,242,500 | €1,393,700 | +€151,200 | +12.2% |
| Amounts payable | 17/49 | €20,277,450 | €14,772,004 | -€5.5m | -27.2% |
| Amounts payable after more than one year | 17 | €11,741,097 | €9,121,797 | -€2.6m | -22.3% |
| Financial debts | 170/4 | €11,741,097 | €9,121,797 | -€2.6m | -22.3% |
| Credit institutions | 173 | €11,741,097 | €9,121,797 | -€2.6m | -22.3% |
| Amounts payable within one year | 42/48 | €8,536,353 | €5,650,207 | -€2.9m | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €3,865,300 | €2,619,300 | -€1.2m | -32.2% |
| Trade debts | 44 | €1,927,047 | €992,692 | -€934,354 | -48.5% |
| Suppliers | 440/4 | €1,927,047 | €992,692 | -€934,354 | -48.5% |
| Taxes, remuneration and social security | 45 | €605,566 | €542,012 | -€63,554 | -10.5% |
| Taxes | 450/3 | €604,524 | €539,866 | -€64,658 | -10.7% |
| Remuneration and social security | 454/9 | €1,042 | €2,146 | +€1,104 | +106% |
| Other amounts payable | 47/48 | €2,138,440 | €1,496,203 | -€642,237 | -30.0% |
| Operating income | 70/76A | €10,878,625 | €9,944,401 | -€934,225 | -8.6% |
| Turnover | 70 | €10,827,131 | €9,872,737 | -€954,394 | -8.8% |
| Other operating income | 74 | €51,494 | €71,664 | +€20,170 | +39.2% |
| Operating charges | 60/66A | €5,456,391 | €5,402,551 | -€53,840 | -1.0% |
| Services and other goods | 61 | €2,103,050 | €2,032,885 | -€70,165 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,079,631 | €3,079,631 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €151,200 | €151,200 | = | 0.0% |
| Other operating charges | 640/8 | €122,509 | €138,834 | +€16,325 | +13.3% |
| Operating profit (loss) | 9901 | €5,422,235 | €4,541,850 | -€880,385 | -16.2% |
| Financial income | 75/76B | €110,676 | €20,044 | -€90,632 | -81.9% |
| Recurring financial income | 75 | €110,676 | €20,044 | -€90,632 | -81.9% |
| Other financial income | 752/9 | €110,676 | €20,044 | -€90,632 | -81.9% |
| Financial charges | 65/66B | €420,826 | €325,602 | -€95,224 | -22.6% |
| Recurring financial charges | 65 | €420,826 | €325,602 | -€95,224 | -22.6% |
| Debt charges | 650 | €401,965 | €311,794 | -€90,171 | -22.4% |
| Other financial charges | 652/9 | €18,861 | €13,808 | -€5,053 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €5,112,084 | €4,236,291 | -€875,793 | -17.1% |
| Income taxes | 67/77 | €1,285,310 | €1,097,689 | -€187,621 | -14.6% |
| Taxes | 670/3 | €1,285,310 | €1,097,689 | -€187,621 | -14.6% |
| Profit (loss) for the period | 9904 | €3,826,774 | €3,138,602 | -€688,172 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,826,774 | €3,138,602 | -€688,172 | -18.0% |
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 19 October 2026 via checked.be.