GREENSTAAR: 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.
GREENSTAAR
Largest movements
- Financial fixed assets +€260,060
new in 2025: €260,060
- Receivables within one year -€107,777
down €107,777 (-98.6%), from €109,265 to €1,488
of which Other amounts receivable: -€56,425
- Other debts +€609,615
up €609,615 (+15,240%), from €4,000 to €613,615
- Debts after one year -€367,952
down €367,952 (-68.4%), from €537,729 to €169,777
- Profit (loss) carried forward -€49,654
down €49,654, from €9,915 to -€39,740
- Trade debts -€25,265
down €25,265 (-86.2%), from €29,317 to €4,052
- Advances received -€19,165
no longer reported in 2025 (was €19,165)
- Gross operating margin -€50,833
down €50,833, from €42,173 to -€8,659
- Taxes +€5,265
up €5,265 (+1,120,253%), from €0 to €5,266
- Financial charges -€3,331
down €3,331 (-11.2%), from €29,721 to €26,390
- Financial income -€3,174
down €3,174 (-100.0%), from €3,174 to €0
- Depreciation -€2,336
no longer reported in 2025 (was €2,336)
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
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 | €651,121 | €802,720 | +€151,599 | +23.3% |
| Fixed assets | 21/28 | €262,461 | €520,060 | +€257,599 | +98.1% |
| Tangible fixed assets | 22/27 | €262,461 | €260,000 | -€2,461 | -0.9% |
| Land and buildings | 22 | €260,000 | €260,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €400 | - | -€400 | |
| Furniture and vehicles | 24 | €2,061 | - | -€2,061 | |
| Financial fixed assets | 28 | - | €260,060 | +€260,060 | |
| Current assets | 29/58 | €388,660 | €282,660 | -€106,000 | -27.3% |
| Stocks and contracts in progress | 3 | €265,139 | €268,841 | +€3,702 | +1.4% |
| Stocks | 30/36 | €265,139 | €268,841 | +€3,702 | +1.4% |
| Amounts receivable within one year | 40/41 | €109,265 | €1,488 | -€107,777 | -98.6% |
| Trade receivables | 40 | €51,352 | - | -€51,352 | |
| Other amounts receivable | 41 | €57,913 | €1,488 | -€56,425 | -97.4% |
| Cash at bank and in hand | 54/58 | €14,256 | €12,095 | -€2,161 | -15.2% |
| Deferred charges and accrued income | 490/1 | - | €236 | +€236 | |
| Total equity and liabilities | 10/49 | €651,121 | €802,720 | +€151,599 | +23.3% |
| Equity | 10/15 | €52,415 | €2,760 | -€49,654 | -94.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €22,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,915 | -€39,740 | -€49,654 | |
| Amounts payable | 17/49 | €598,706 | €799,960 | +€201,254 | +33.6% |
| Amounts payable after more than one year | 17 | €537,729 | €169,777 | -€367,952 | -68.4% |
| Financial debts | 170/4 | €537,729 | €169,777 | -€367,952 | -68.4% |
| Amounts payable within one year | 42/48 | €60,977 | €630,183 | +€569,206 | +933% |
| Current portion of amounts payable after more than one year | 42 | €8,200 | €8,598 | +€398 | +4.9% |
| Trade debts | 44 | €29,317 | €4,052 | -€25,265 | -86.2% |
| Suppliers | 440/4 | €29,317 | €4,052 | -€25,265 | -86.2% |
| Advances received on contracts in progress | 46 | €19,165 | - | -€19,165 | |
| Taxes, remuneration and social security | 45 | €295 | €3,918 | +€3,623 | +1,226% |
| Taxes | 450/3 | €295 | €3,918 | +€3,623 | +1,226% |
| Other amounts payable | 47/48 | €4,000 | €613,615 | +€609,615 | +15,240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,336 | - | -€2,336 | |
| Other operating charges | 640/8 | €7,335 | €9,340 | +€2,004 | +27.3% |
| Gross operating margin | 9900 | €42,173 | -€8,659 | -€50,833 | |
| Operating profit (loss) | 9901 | €32,501 | -€17,999 | -€50,500 | |
| Financial income | 75/76B | €3,174 | €0 | -€3,174 | -100.0% |
| Recurring financial income | 75 | €3,174 | €0 | -€3,174 | -100.0% |
| Financial charges | 65/66B | €29,721 | €26,390 | -€3,331 | -11.2% |
| Recurring financial charges | 65 | €29,721 | €26,390 | -€3,331 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €5,955 | -€44,389 | -€50,343 | |
| Income taxes | 67/77 | €0 | €5,266 | +€5,265 | +1,120,253% |
| Profit (loss) for the period | 9904 | €5,954 | -€49,654 | -€55,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,954 | -€49,654 | -€55,609 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.