GREENSYS: 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.
GREENSYS
Largest movements
- Receivables within one year -€53,725
down €53,725 (-60.6%), from €88,609 to €34,884
of which Other amounts receivable: -€69,000
- Cash +€6,450
up €6,450 (+13.3%), from €48,602 to €55,053
mainly Receivables within one year (+€53,725) and Net result for the year (+€17,574)
- Profit (loss) carried forward -€28,025
down €28,025 (-99.7%), from €28,097 to €72
- Trade debts -€10,051
down €10,051 (-79.3%), from €12,682 to €2,631
- Short-term financial debts -€3,243
down €3,243 (-98.6%), from €3,288 to €45
of which Credit institutions: -€3,288
- Debts after one year -€3,013
down €3,013 (-72.7%), from €4,146 to €1,134
- Current portion of long-term debt +€2,543
up €2,543 (+68.6%), from €3,708 to €6,250
- Financial income -€7,004
down €7,004 (-95.0%), from €7,374 to €370
- Gross operating margin +€4,936
up €4,936 (+17.5%), from €28,124 to €33,060
- Depreciation +€1,095
up €1,095 (+27.1%), from €4,040 to €5,135
- Other operating charges -€796
down €796 (-29.8%), from €2,671 to €1,875
- Financial charges +€528
up €528 (+37.6%), from €1,406 to €1,934
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 | €152,486 | €106,638 | -€45,847 | -30.1% |
| Fixed assets | 21/28 | €14,364 | €15,000 | +€636 | +4.4% |
| Tangible fixed assets | 22/27 | €14,364 | €15,000 | +€636 | +4.4% |
| Furniture and vehicles | 24 | €12,152 | €13,308 | +€1,156 | +9.5% |
| Other tangible fixed assets | 26 | €2,212 | €1,692 | -€520 | -23.5% |
| Current assets | 29/58 | €138,122 | €91,639 | -€46,484 | -33.7% |
| Amounts receivable within one year | 40/41 | €88,609 | €34,884 | -€53,725 | -60.6% |
| Trade receivables | 40 | €14,125 | €29,400 | +€15,275 | +108% |
| Other amounts receivable | 41 | €74,484 | €5,484 | -€69,000 | -92.6% |
| Cash at bank and in hand | 54/58 | €48,602 | €55,053 | +€6,450 | +13.3% |
| Deferred charges and accrued income | 490/1 | €911 | €1,702 | +€791 | +86.8% |
| Total equity and liabilities | 10/49 | €152,486 | €106,638 | -€45,847 | -30.1% |
| Equity | 10/15 | €63,557 | €35,532 | -€28,025 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,097 | €72 | -€28,025 | -99.7% |
| Amounts payable | 17/49 | €88,928 | €71,106 | -€17,822 | -20.0% |
| Amounts payable after more than one year | 17 | €4,146 | €1,134 | -€3,013 | -72.7% |
| Financial debts | 170/4 | €4,146 | €1,134 | -€3,013 | -72.7% |
| Amounts payable within one year | 42/48 | €84,782 | €69,973 | -€14,810 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €3,708 | €6,250 | +€2,543 | +68.6% |
| Financial debts | 43 | €3,288 | €45 | -€3,243 | -98.6% |
| Credit institutions | 430/8 | €3,288 | - | -€3,288 | |
| Other loans | 439 | - | €45 | +€45 | |
| Trade debts | 44 | €12,682 | €2,631 | -€10,051 | -79.3% |
| Suppliers | 440/4 | €12,682 | €2,631 | -€10,051 | -79.3% |
| Taxes, remuneration and social security | 45 | €10,104 | €8,405 | -€1,698 | -16.8% |
| Taxes | 450/3 | €6,104 | €8,405 | +€2,302 | +37.7% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €55,000 | €52,640 | -€2,360 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,040 | €5,135 | +€1,095 | +27.1% |
| Other operating charges | 640/8 | €2,671 | €1,875 | -€796 | -29.8% |
| Non-recurring operating charges | 66A | -€562 | - | +€562 | |
| Gross operating margin | 9900 | €28,124 | €33,060 | +€4,936 | +17.5% |
| Operating profit (loss) | 9901 | €21,975 | €26,050 | +€4,074 | +18.5% |
| Financial income | 75/76B | €7,374 | €370 | -€7,004 | -95.0% |
| Recurring financial income | 75 | €7,374 | €370 | -€7,004 | -95.0% |
| Financial charges | 65/66B | €1,406 | €1,934 | +€528 | +37.6% |
| Recurring financial charges | 65 | €1,406 | €1,934 | +€528 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €27,944 | €24,485 | -€3,458 | -12.4% |
| Income taxes | 67/77 | €7,185 | €6,911 | -€274 | -3.8% |
| Profit (loss) for the period | 9904 | €20,759 | €17,574 | -€3,184 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,759 | €17,574 | -€3,184 | -15.3% |
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 23 October 2026 via checked.be.