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 within one year +€35,094
up €35,094 (+35.6%), from €98,623 to €133,717
of which Other amounts receivable: +€50,565
- Cash -€4,988
down €4,988 (-97.1%), from €5,134 to €147
mainly Receivables within one year (-€35,094)
- Trade debts +€16,711
up €16,711 (+35.2%), from €47,524 to €64,234
- Profit (loss) carried forward +€12,767
up €12,767 (+41.1%), from €31,088 to €43,855
- Gross operating margin +€44,273
up €44,273 (+56.6%), from €78,262 to €122,536
- Financial charges +€22,495
up €22,495 (+714.6%), from €3,148 to €25,643
- Write-downs +€15,504
new in 2025: €15,504
- Staff costs +€6,324
up €6,324 (+11.4%), from €55,288 to €61,612
- Other operating charges +€5,186
up €5,186 (+565.7%), from €917 to €6,102
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 | €105,887 | €135,435 | +€29,547 | +27.9% |
| Current assets | 29/58 | €105,887 | €135,435 | +€29,547 | +27.9% |
| Amounts receivable within one year | 40/41 | €98,623 | €133,717 | +€35,094 | +35.6% |
| Trade receivables | 40 | €52,038 | €36,568 | -€15,471 | -29.7% |
| Other amounts receivable | 41 | €46,584 | €97,149 | +€50,565 | +108.5% |
| Cash at bank and in hand | 54/58 | €5,134 | €147 | -€4,988 | -97.1% |
| Deferred charges and accrued income | 490/1 | €2,130 | €1,571 | -€560 | -26.3% |
| Total equity and liabilities | 10/49 | €105,887 | €135,435 | +€29,547 | +27.9% |
| Equity | 10/15 | €46,088 | €58,855 | +€12,767 | +27.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,088 | €43,855 | +€12,767 | +41.1% |
| Amounts payable | 17/49 | €59,800 | €76,580 | +€16,780 | +28.1% |
| Amounts payable within one year | 42/48 | €59,800 | €76,580 | +€16,780 | +28.1% |
| Trade debts | 44 | €47,524 | €64,234 | +€16,711 | +35.2% |
| Suppliers | 440/4 | €47,524 | €64,234 | +€16,711 | +35.2% |
| Taxes, remuneration and social security | 45 | €12,276 | €12,345 | +€69 | +0.6% |
| Taxes | 450/3 | €6,189 | €12,345 | +€6,156 | +99.5% |
| Remuneration and social security | 454/9 | €6,086 | €0 | -€6,086 | -100.0% |
| Non-recurring operating income | 76A | - | €13,379 | +€13,379 | |
| Remuneration, social security and pensions | 62 | €55,288 | €61,612 | +€6,324 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,504 | +€15,504 | |
| Other operating charges | 640/8 | €917 | €6,102 | +€5,186 | +565.7% |
| Gross operating margin | 9900 | €78,262 | €122,536 | +€44,273 | +56.6% |
| Operating profit (loss) | 9901 | €22,058 | €39,317 | +€17,259 | +78.2% |
| Financial income | 75/76B | €2,150 | €2,922 | +€772 | +35.9% |
| Recurring financial income | 75 | €2,150 | €2,922 | +€772 | +35.9% |
| Financial charges | 65/66B | €3,148 | €25,643 | +€22,495 | +714.6% |
| Recurring financial charges | 65 | €3,148 | €25,643 | +€22,495 | +714.6% |
| Profit (loss) for the period before taxes | 9903 | €21,059 | €16,596 | -€4,464 | -21.2% |
| Income taxes | 67/77 | €5,128 | €3,828 | -€1,300 | -25.3% |
| Profit (loss) for the period | 9904 | €15,931 | €12,767 | -€3,164 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,931 | €12,767 | -€3,164 | -19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.