GREENSPEED: 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.
GREENSPEED
Largest movements
- Cash +€11,718
up €11,718 (+65.4%), from €17,921 to €29,639
mainly Net result for the year (+€9,313) and Trade debts (+€9,016)
- Receivables within one year +€5,659
up €5,659 (+13.2%), from €42,985 to €48,644
of which Trade receivables: +€6,976
- Stocks and contracts +€4,997
up €4,997 (+5.7%), from €87,026 to €92,023
- Profit (loss) carried forward +€9,313
up €9,313 (+39.1%), from -€23,845 to -€14,532
- Trade debts +€9,016
up €9,016 (+60.8%), from €14,830 to €23,846
- Other debts -€6,603
down €6,603 (-8.2%), from €80,734 to €74,131
- Accrued charges and deferred income +€5,484
up €5,484 (+45.8%), from €11,984 to €17,468
- Tax, wage and social debts +€3,139
up €3,139 (+204.5%), from €1,535 to €4,674
- Gross operating margin +€8,952
up €8,952 (+48.0%), from €18,660 to €27,612
- Taxes +€3,352
up €3,352 (+1000.6%), from €335 to €3,687
- Depreciation +€979
up €979 (+25.3%), from €3,870 to €4,849
- Financial charges -€802
down €802 (-7.0%), from €11,413 to €10,611
- Write-downs -€791
down €791, from €85 to -€706
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 | €158,515 | €178,864 | +€20,349 | +12.8% |
| Fixed assets | 21/28 | €8,604 | €6,492 | -€2,112 | -24.5% |
| Intangible fixed assets | 21 | €6,877 | €5,855 | -€1,022 | -14.9% |
| Tangible fixed assets | 22/27 | €1,628 | €538 | -€1,090 | -67.0% |
| Furniture and vehicles | 24 | €1,628 | €538 | -€1,090 | -67.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €149,911 | €172,372 | +€22,461 | +15.0% |
| Stocks and contracts in progress | 3 | €87,026 | €92,023 | +€4,997 | +5.7% |
| Stocks | 30/36 | €87,026 | €92,023 | +€4,997 | +5.7% |
| Amounts receivable within one year | 40/41 | €42,985 | €48,644 | +€5,659 | +13.2% |
| Trade receivables | 40 | €39,177 | €46,153 | +€6,976 | +17.8% |
| Other amounts receivable | 41 | €3,808 | €2,491 | -€1,317 | -34.6% |
| Cash at bank and in hand | 54/58 | €17,921 | €29,639 | +€11,718 | +65.4% |
| Deferred charges and accrued income | 490/1 | €1,979 | €2,066 | +€87 | +4.4% |
| Total equity and liabilities | 10/49 | €158,515 | €178,864 | +€20,349 | +12.8% |
| Equity | 10/15 | €49,432 | €58,745 | +€9,313 | +18.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €8,277 | €8,277 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,777 | €1,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,845 | -€14,532 | +€9,313 | +39.1% |
| Amounts payable | 17/49 | €109,083 | €120,119 | +€11,036 | +10.1% |
| Amounts payable within one year | 42/48 | €97,099 | €102,651 | +€5,552 | +5.7% |
| Trade debts | 44 | €14,830 | €23,846 | +€9,016 | +60.8% |
| Suppliers | 440/4 | €14,830 | €23,846 | +€9,016 | +60.8% |
| Taxes, remuneration and social security | 45 | €1,535 | €4,674 | +€3,139 | +204.5% |
| Taxes | 450/3 | €1,535 | €4,674 | +€3,139 | +204.5% |
| Other amounts payable | 47/48 | €80,734 | €74,131 | -€6,603 | -8.2% |
| Accrued charges and deferred income | 492/3 | €11,984 | €17,468 | +€5,484 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,870 | €4,849 | +€979 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85 | -€706 | -€791 | |
| Other operating charges | 640/8 | €938 | €972 | +€34 | +3.6% |
| Non-recurring operating charges | 66A | €35 | €31 | -€4 | -11.4% |
| Gross operating margin | 9900 | €18,660 | €27,612 | +€8,952 | +48.0% |
| Operating profit (loss) | 9901 | €13,732 | €22,466 | +€8,734 | +63.6% |
| Financial income | 75/76B | €744 | €1,145 | +€401 | +53.9% |
| Recurring financial income | 75 | €744 | €1,145 | +€401 | +53.9% |
| Financial charges | 65/66B | €11,413 | €10,611 | -€802 | -7.0% |
| Recurring financial charges | 65 | €11,413 | €10,611 | -€802 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,063 | €13,000 | +€9,937 | +324.4% |
| Income taxes | 67/77 | €335 | €3,687 | +€3,352 | +1000.6% |
| Profit (loss) for the period | 9904 | €2,728 | €9,313 | +€6,585 | +241.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,728 | €9,313 | +€6,585 | +241.4% |
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 12 October 2026 via checked.be.