GREENSTYLE: 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.
GREENSTYLE
Largest movements
- Tangible fixed assets -€118,184
down €118,184 (-13.9%), from €851,107 to €732,923
of which Leasing and similar rights: -€109,113
- Receivables within one year +€28,532
up €28,532 (+7.0%), from €404,895 to €433,427
of which Other amounts receivable: +€27,985
- Deferred charges and accrued income -€19,819
down €19,819 (-83.6%), from €23,716 to €3,898
- Debts after one year -€150,766
no longer reported in 2025 (was €150,766)
- Other debts +€40,000
up €40,000 (+133.3%), from €30,000 to €70,000
- Trade debts -€22,821
down €22,821 (-78.1%), from €29,211 to €6,390
- Turnover +€32,974
up €32,974 (+10.9%), from €301,151 to €334,125
- Taxes +€12,898
up €12,898 (+111.1%), from €11,607 to €24,504
- Services and other goods -€9,974
down €9,974 (-8.5%), from €117,648 to €107,674
- Financial charges -€7,206
down €7,206 (-34.5%), from €20,895 to €13,689
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 | €1,467,422 | €1,343,386 | -€124,035 | -8.5% |
| Fixed assets | 21/28 | €851,107 | €732,923 | -€118,184 | -13.9% |
| Tangible fixed assets | 22/27 | €851,107 | €732,923 | -€118,184 | -13.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €101,820 | €92,749 | -€9,071 | -8.9% |
| Leasing and similar rights | 25 | €749,288 | €640,175 | -€109,113 | -14.6% |
| Current assets | 29/58 | €616,315 | €610,463 | -€5,851 | -0.9% |
| Amounts receivable within one year | 40/41 | €404,895 | €433,427 | +€28,532 | +7.0% |
| Trade receivables | 40 | €1,784 | €2,331 | +€547 | +30.6% |
| Other amounts receivable | 41 | €403,111 | €431,097 | +€27,985 | +6.9% |
| Cash at bank and in hand | 54/58 | €187,703 | €173,138 | -€14,565 | -7.8% |
| Deferred charges and accrued income | 490/1 | €23,716 | €3,898 | -€19,819 | -83.6% |
| Total equity and liabilities | 10/49 | €1,467,422 | €1,343,386 | -€124,035 | -8.5% |
| Equity | 10/15 | €1,111,157 | €1,114,671 | +€3,513 | +0.3% |
| Contributions | 10/11 | €551,000 | €551,000 | = | 0.0% |
| Capital | 10 | €551,000 | €551,000 | = | 0.0% |
| Issued capital | 100 | €551,000 | €551,000 | = | 0.0% |
| Reserves | 13 | €45,577 | €49,253 | +€3,676 | +8.1% |
| Non-distributable reserves | 130/1 | €45,577 | €49,253 | +€3,676 | +8.1% |
| Legal reserve | 130 | €45,577 | €49,253 | +€3,676 | +8.1% |
| Profit (loss) carried forward | 14 | €514,580 | €514,418 | -€162 | 0.0% |
| Amounts payable | 17/49 | €356,265 | €228,716 | -€127,549 | -35.8% |
| Amounts payable after more than one year | 17 | €150,766 | - | -€150,766 | |
| Financial debts | 170/4 | €150,766 | - | -€150,766 | |
| Leasing and similar obligations | 172 | €150,766 | - | -€150,766 | |
| Amounts payable within one year | 42/48 | €203,723 | €227,156 | +€23,433 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €143,174 | €150,766 | +€7,591 | +5.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €29,211 | €6,390 | -€22,821 | -78.1% |
| Suppliers | 440/4 | €29,211 | €6,390 | -€22,821 | -78.1% |
| Taxes, remuneration and social security | 45 | €1,337 | - | -€1,337 | |
| Taxes | 450/3 | €1,337 | - | -€1,337 | |
| Other amounts payable | 47/48 | €30,000 | €70,000 | +€40,000 | +133.3% |
| Accrued charges and deferred income | 492/3 | €1,776 | €1,560 | -€216 | -12.2% |
| Operating income | 70/76A | €301,151 | €334,125 | +€32,974 | +10.9% |
| Turnover | 70 | €301,151 | €334,125 | +€32,974 | +10.9% |
| Operating charges | 60/66A | €239,090 | €226,985 | -€12,105 | -5.1% |
| Services and other goods | 61 | €117,648 | €107,674 | -€9,974 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,349 | €118,184 | -€2,165 | -1.8% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €62,061 | €107,141 | +€45,080 | +72.6% |
| Financial income | 75/76B | €5,260 | €4,566 | -€694 | -13.2% |
| Recurring financial income | 75 | €5,260 | €4,566 | -€694 | -13.2% |
| Income from current assets | 751 | €5,260 | €4,566 | -€694 | -13.2% |
| Financial charges | 65/66B | €20,895 | €13,689 | -€7,206 | -34.5% |
| Recurring financial charges | 65 | €20,895 | €13,689 | -€7,206 | -34.5% |
| Debt charges | 650 | €20,679 | €13,470 | -€7,209 | -34.9% |
| Other financial charges | 652/9 | €215 | €219 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €46,426 | €98,018 | +€51,592 | +111.1% |
| Income taxes | 67/77 | €11,607 | €24,504 | +€12,898 | +111.1% |
| Taxes | 670/3 | €11,607 | €24,504 | +€12,898 | +111.1% |
| Profit (loss) for the period | 9904 | €34,820 | €73,513 | +€38,694 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,820 | €73,513 | +€38,694 | +111.1% |
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.