GREENSTONE: 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.
GREENSTONE
Largest movements
- Receivables after one year -€40,889
no longer reported in 2024 (was €40,889)
- Receivables within one year -€27,075
down €27,075 (-77.1%), from €35,111 to €8,036
of which Trade receivables: -€25,596
- Tangible fixed assets +€4,306
new in 2024: €4,306
- Cash -€2,130
down €2,130 (-65.9%), from €3,234 to €1,104
mainly Trade debts (-€35,936) and Net result for the year (-€34,304)
- Trade debts -€35,936
down €35,936 (-71.0%), from €50,602 to €14,666
- Profit (loss) carried forward -€34,304
down €34,304 (-236.3%), from -€14,519 to -€48,823
- Tax, wage and social debts +€4,656
up €4,656 (+2148.0%), from €217 to €4,873
- Financial charges +€40,341
up €40,341 (+1246.1%), from €3,237 to €43,578
- Gross operating margin +€10,295
up €10,295 (+282.4%), from €3,645 to €13,940
- Taxes +€2,616
up €2,616 (+603.9%), from €433 to €3,049
- Depreciation +€1,338
new in 2024: €1,338
- Other operating charges -€729
down €729 (-72.3%), from €1,008 to €279
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,403 | €14,175 | -€66,228 | -82.4% |
| Fixed assets | 21/28 | €150 | €4,456 | +€4,306 | +2870.9% |
| Tangible fixed assets | 22/27 | - | €4,306 | +€4,306 | |
| Furniture and vehicles | 24 | - | €4,306 | +€4,306 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €80,253 | €9,719 | -€70,535 | -87.9% |
| Amounts receivable after more than one year | 29 | €40,889 | - | -€40,889 | |
| Other amounts receivable | 291 | €40,889 | - | -€40,889 | |
| Amounts receivable within one year | 40/41 | €35,111 | €8,036 | -€27,075 | -77.1% |
| Trade receivables | 40 | €33,632 | €8,036 | -€25,596 | -76.1% |
| Other amounts receivable | 41 | €1,479 | - | -€1,479 | |
| Cash at bank and in hand | 54/58 | €3,234 | €1,104 | -€2,130 | -65.9% |
| Deferred charges and accrued income | 490/1 | €1,020 | €579 | -€441 | -43.2% |
| Total equity and liabilities | 10/49 | €80,403 | €14,175 | -€66,228 | -82.4% |
| Equity | 10/15 | €5,084 | -€29,220 | -€34,304 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,003 | €1,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,003 | €1,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,003 | €1,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,519 | -€48,823 | -€34,304 | -236.3% |
| Amounts payable | 17/49 | €75,319 | €43,395 | -€31,924 | -42.4% |
| Amounts payable within one year | 42/48 | €75,319 | €43,395 | -€31,924 | -42.4% |
| Financial debts | 43 | €24,500 | €23,700 | -€800 | -3.3% |
| Credit institutions | 430/8 | €24,500 | €23,700 | -€800 | -3.3% |
| Trade debts | 44 | €50,602 | €14,666 | -€35,936 | -71.0% |
| Suppliers | 440/4 | €50,602 | €14,666 | -€35,936 | -71.0% |
| Taxes, remuneration and social security | 45 | €217 | €4,873 | +€4,656 | +2148.0% |
| Taxes | 450/3 | €217 | €4,873 | +€4,656 | +2148.0% |
| Other amounts payable | 47/48 | - | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,338 | +€1,338 | |
| Other operating charges | 640/8 | €1,008 | €279 | -€729 | -72.3% |
| Gross operating margin | 9900 | €3,645 | €13,940 | +€10,295 | +282.4% |
| Operating profit (loss) | 9901 | €2,637 | €12,323 | +€9,686 | +367.3% |
| Financial charges | 65/66B | €3,237 | €43,578 | +€40,341 | +1246.1% |
| Recurring financial charges | 65 | €3,237 | €43,578 | +€40,341 | +1246.1% |
| Profit (loss) for the period before taxes | 9903 | -€600 | -€31,255 | -€30,654 | -5106.6% |
| Income taxes | 67/77 | €433 | €3,049 | +€2,616 | +603.9% |
| Profit (loss) for the period | 9904 | -€1,033 | -€34,304 | -€33,271 | -3219.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,033 | -€34,304 | -€33,271 | -3219.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.