GREENTEST: 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.
GREENTEST
Largest movements
- Current investments -€52,875
no longer reported in 2025 (was €52,875)
- Cash +€43,056
new in 2025: €43,056
mainly Current investments (+€52,875) and Debts after one year (+€21,357)
- Tangible fixed assets +€30,772
up €30,772 (+63.9%), from €48,135 to €78,906
of which Furniture and vehicles: +€31,074
- Receivables within one year -€4,402
down €4,402 (-48.9%), from €9,002 to €4,600
of which Trade receivables: -€9,002
- Debts after one year +€21,357
up €21,357 (+110.3%), from €19,360 to €40,717
- Current portion of long-term debt +€6,766
up €6,766 (+119.2%), from €5,677 to €12,443
- Tax, wage and social debts -€6,291
down €6,291 (-45.0%), from €13,995 to €7,704
of which Taxes: -€6,312
- Profit (loss) carried forward -€3,162
down €3,162 (-4.7%), from €67,516 to €64,354
- Gross operating margin -€13,627
down €13,627 (-30.7%), from €44,359 to €30,732
- Other operating charges +€10,023
up €10,023 (+884.1%), from €1,134 to €11,156
- Depreciation +€8,284
up €8,284 (+95.5%), from €8,678 to €16,962
- Taxes -€5,221
down €5,221 (-68.3%), from €7,647 to €2,425
- Financial charges +€1,919
up €1,919 (+134.2%), from €1,430 to €3,350
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 | €110,743 | €127,767 | +€17,024 | +15.4% |
| Fixed assets | 21/28 | €48,135 | €78,906 | +€30,772 | +63.9% |
| Tangible fixed assets | 22/27 | €48,135 | €78,906 | +€30,772 | +63.9% |
| Plant, machinery and equipment | 23 | €303 | - | -€303 | |
| Furniture and vehicles | 24 | €47,832 | €78,906 | +€31,074 | +65.0% |
| Current assets | 29/58 | €62,609 | €48,861 | -€13,748 | -22.0% |
| Amounts receivable within one year | 40/41 | €9,002 | €4,600 | -€4,402 | -48.9% |
| Trade receivables | 40 | €9,002 | - | -€9,002 | |
| Other amounts receivable | 41 | - | €4,600 | +€4,600 | |
| Current investments | 50/53 | €52,875 | - | -€52,875 | |
| Cash at bank and in hand | 54/58 | - | €43,056 | +€43,056 | |
| Deferred charges and accrued income | 490/1 | €731 | €1,204 | +€473 | +64.7% |
| Total equity and liabilities | 10/49 | €110,743 | €127,767 | +€17,024 | +15.4% |
| Equity | 10/15 | €70,016 | €66,854 | -€3,162 | -4.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €67,516 | €64,354 | -€3,162 | -4.7% |
| Amounts payable | 17/49 | €40,728 | €60,913 | +€20,185 | +49.6% |
| Amounts payable after more than one year | 17 | €19,360 | €40,717 | +€21,357 | +110.3% |
| Financial debts | 170/4 | €19,360 | €40,717 | +€21,357 | +110.3% |
| Amounts payable within one year | 42/48 | €21,368 | €20,196 | -€1,172 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €5,677 | €12,443 | +€6,766 | +119.2% |
| Trade debts | 44 | €785 | €50 | -€736 | -93.7% |
| Suppliers | 440/4 | €785 | €50 | -€736 | -93.7% |
| Taxes, remuneration and social security | 45 | €13,995 | €7,704 | -€6,291 | -45.0% |
| Taxes | 450/3 | €13,995 | €7,683 | -€6,312 | -45.1% |
| Remuneration and social security | 454/9 | - | €21 | +€21 | |
| Other amounts payable | 47/48 | €911 | - | -€911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,678 | €16,962 | +€8,284 | +95.5% |
| Other operating charges | 640/8 | €1,134 | €11,156 | +€10,023 | +884.1% |
| Gross operating margin | 9900 | €44,359 | €30,732 | -€13,627 | -30.7% |
| Operating profit (loss) | 9901 | €34,546 | €2,613 | -€31,933 | -92.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,430 | €3,350 | +€1,919 | +134.2% |
| Recurring financial charges | 65 | €1,430 | €3,350 | +€1,919 | +134.2% |
| Profit (loss) for the period before taxes | 9903 | €33,116 | -€736 | -€33,853 | |
| Income taxes | 67/77 | €7,647 | €2,425 | -€5,221 | -68.3% |
| Profit (loss) for the period | 9904 | €25,470 | -€3,162 | -€28,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,470 | -€3,162 | -€28,632 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.