Greensoil Group: 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.
Greensoil Group
Largest movements
- Receivables within one year +€928,367
up €928,367 (+156.5%), from €593,314 to €1.5m
of which Trade receivables: +€996,855
- Intangible fixed assets +€402,014
up €402,014 (+560.9%), from €71,670 to €473,683
- Receivables after one year -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Cash +€193,784
up €193,784 (+656.8%), from €29,503 to €223,287
mainly Net result for the year (+€589,458) and Trade debts (+€409,585)
- Tangible fixed assets +€63,352
up €63,352 (+5.1%), from €1.2m to €1.3m
of which Furniture and vehicles: +€159,782
- Reserves +€589,458
up €589,458 (+138.7%), from €425,116 to €1.0m
of which Distributable reserves: +€559,986
- Trade debts +€409,585
up €409,585 (+53.1%), from €771,404 to €1.2m
- Current portion of long-term debt +€84,839
up €84,839 (+34.3%), from €247,317 to €332,156
- Tax, wage and social debts +€83,349
up €83,349 (+990.2%), from €8,417 to €91,766
of which Remuneration and social security: +€90,897
- Advances received +€70,454
new in 2025: €70,454
- Gross operating margin +€1.2m
up €1.2m (+325.2%), from €364,114 to €1.5m
- Staff costs +€856,489
new in 2025: €856,489
- Financial income +€370,497
up €370,497 (+8406.5%), from €4,407 to €374,904
of which Non-recurring financial income: +€364,884
- Depreciation +€118,283
up €118,283 (+44.1%), from €268,169 to €386,451
- Financial charges +€30,158
up €30,158 (+65.8%), from €45,858 to €76,016
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 | €2,750,816 | €4,111,235 | +€1.4m | +49.5% |
| Formation expenses | 20 | €25,228 | €0 | -€25,228 | -100.0% |
| Fixed assets | 21/28 | €1,444,892 | €1,888,228 | +€443,336 | +30.7% |
| Intangible fixed assets | 21 | €71,670 | €473,683 | +€402,014 | +560.9% |
| Tangible fixed assets | 22/27 | €1,235,603 | €1,298,955 | +€63,352 | +5.1% |
| Plant, machinery and equipment | 23 | €1,152,142 | €1,093,240 | -€58,901 | -5.1% |
| Furniture and vehicles | 24 | €6,118 | €165,901 | +€159,782 | +2611.5% |
| Other tangible fixed assets | 26 | €52,688 | €39,814 | -€12,874 | -24.4% |
| Assets under construction and advance payments | 27 | €24,656 | €0 | -€24,656 | -100.0% |
| Financial fixed assets | 28 | €137,619 | €115,590 | -€22,029 | -16.0% |
| Current assets | 29/58 | €1,280,696 | €2,223,007 | +€942,311 | +73.6% |
| Amounts receivable after more than one year | 29 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Other amounts receivable | 291 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €593,314 | €1,521,681 | +€928,367 | +156.5% |
| Trade receivables | 40 | €504,986 | €1,501,841 | +€996,855 | +197.4% |
| Other amounts receivable | 41 | €88,328 | €19,840 | -€68,488 | -77.5% |
| Cash at bank and in hand | 54/58 | €29,503 | €223,287 | +€193,784 | +656.8% |
| Deferred charges and accrued income | 490/1 | €257,880 | €278,039 | +€20,159 | +7.8% |
| Total equity and liabilities | 10/49 | €2,750,816 | €4,111,235 | +€1.4m | +49.5% |
| Equity | 10/15 | €725,116 | €1,333,175 | +€608,058 | +83.9% |
| Contributions | 10/11 | €300,000 | €318,600 | +€18,600 | +6.2% |
| Capital | 10 | €300,000 | €318,600 | +€18,600 | +6.2% |
| Issued capital | 100 | €600,000 | €618,600 | +€18,600 | +3.1% |
| Uncalled capital | 101 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €425,116 | €1,014,575 | +€589,458 | +138.7% |
| Non-distributable reserves | 130/1 | €22,145 | €51,618 | +€29,473 | +133.1% |
| Legal reserve | 130 | €22,145 | €51,618 | +€29,473 | +133.1% |
| Distributable reserves | 133 | €402,971 | €962,957 | +€559,986 | +139.0% |
| Amounts payable | 17/49 | €2,025,700 | €2,778,060 | +€752,360 | +37.1% |
| Amounts payable after more than one year | 17 | €700,881 | €714,767 | +€13,886 | +2.0% |
| Financial debts | 170/4 | €700,881 | €714,767 | +€13,886 | +2.0% |
| Amounts payable within one year | 42/48 | €1,317,138 | €2,055,833 | +€738,695 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €247,317 | €332,156 | +€84,839 | +34.3% |
| Financial debts | 43 | €290,000 | €340,468 | +€50,468 | +17.4% |
| Credit institutions | 430/8 | - | €50,468 | +€50,468 | |
| Other loans | 439 | €290,000 | €290,000 | = | 0.0% |
| Trade debts | 44 | €771,404 | €1,180,989 | +€409,585 | +53.1% |
| Suppliers | 440/4 | €771,404 | €1,180,989 | +€409,585 | +53.1% |
| Advances received on contracts in progress | 46 | - | €70,454 | +€70,454 | |
| Taxes, remuneration and social security | 45 | €8,417 | €91,766 | +€83,349 | +990.2% |
| Taxes | 450/3 | €8,417 | €870 | -€7,548 | -89.7% |
| Remuneration and social security | 454/9 | - | €90,897 | +€90,897 | |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €7,681 | €7,461 | -€220 | -2.9% |
| Non-recurring operating income | 76A | €57,769 | €12,626 | -€45,143 | -78.1% |
| Remuneration, social security and pensions | 62 | - | €856,489 | +€856,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,169 | €386,451 | +€118,283 | +44.1% |
| Other operating charges | 640/8 | €1,230 | €10,813 | +€9,584 | +779.5% |
| Non-recurring operating charges | 66A | - | €1,957 | +€1,957 | |
| Gross operating margin | 9900 | €364,114 | €1,548,306 | +€1.2m | +325.2% |
| Operating profit (loss) | 9901 | €94,716 | €292,594 | +€197,879 | +208.9% |
| Financial income | 75/76B | €4,407 | €374,904 | +€370,497 | +8406.5% |
| Recurring financial income | 75 | €4,407 | €10,020 | +€5,613 | +127.4% |
| Non-recurring financial income | 76B | - | €364,884 | +€364,884 | |
| Financial charges | 65/66B | €45,858 | €76,016 | +€30,158 | +65.8% |
| Recurring financial charges | 65 | €45,858 | €76,016 | +€30,158 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €53,265 | €591,483 | +€538,218 | +1010.4% |
| Income taxes | 67/77 | - | €2,025 | +€2,025 | |
| Profit (loss) for the period | 9904 | €53,265 | €589,458 | +€536,193 | +1006.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,265 | €589,458 | +€536,193 | +1006.6% |
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 10 October 2026 via checked.be.