GREENTILE: what changed
What changed
GREENTILE
NACE 35.110, Production of electricity from non-renewable sources
filed annual accounts (NBB)
Net result for the year
€663,271
2024 · €475,571+€187,700
Equity
€2.1m
2024 · €2.4m-€336,729
Cash
€1.4m
2024 · €1.8m-€370,426
Balance sheet total
€3.5m
2024 · €4.5m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€604,537
down €604,537 (-29.3%), from €2.1m to €1.5m
- Cash -€370,426
down €370,426 (-20.5%), from €1.8m to €1.4m
mainly Contributions, distributions and other (-€1.0m) and Current portion of long-term debt (-€351,556)
- Receivables within one year -€47,247
down €47,247 (-18.4%), from €256,771 to €209,525
of which Other amounts receivable: -€112,846
Equity and liabilities
- Current portion of long-term debt -€351,556
down €351,556 (-50.0%), from €703,111 to €351,555
- Debts after one year -€351,555
down €351,555 (-100%), from €351,555 to €0
- Reserves -€336,729
down €336,729 (-17.8%), from €1.9m to €1.6m
of which Distributable reserves: -€336,729
Income statement
- Gross operating margin +€193,364
up €193,364 (+14.6%), from €1.3m to €1.5m
- Taxes +€62,567
up €62,567 (+39.5%), from €158,524 to €221,090
- Financial charges -€55,024
down €55,024 (-59.8%), from €91,978 to €36,954
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€475,571
Gross operating margin
+€193,364
Depreciation
+€335
Other operating charges
-€33
Financial income
+€1,576
Financial charges
+€55,024
Taxes
-€62,567
Result 2025
€663,271
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
€0
Financing
-€1.7m
Cash 2024
€1.8m
From operations (derived)
+€1.3m
Net result for the year
+€663,271
Depreciation
+€604,537
Receivables within one year
+€47,247
Deferred charges and accrued income
-€5,257
Trade debts
+€19,726
Tax, wage and social debts
+€3,162
Financing
-€1.7m
Debts after one year
-€351,555
Current portion of long-term debt
-€351,556
Contributions, distributions and other
-€1.0m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,517,259 | €3,500,307 | -€1.0m | -22.5% |
| Fixed assets | 21/28 | €2,065,566 | €1,461,029 | -€604,537 | -29.3% |
| Tangible fixed assets | 22/27 | €2,065,566 | €1,461,029 | -€604,537 | -29.3% |
| Plant, machinery and equipment | 23 | €2,065,566 | €1,461,029 | -€604,537 | -29.3% |
| Current assets | 29/58 | €2,451,693 | €2,039,278 | -€412,416 | -16.8% |
| Amounts receivable within one year | 40/41 | €256,771 | €209,525 | -€47,247 | -18.4% |
| Trade receivables | 40 | €56,208 | €121,808 | +€65,600 | +117% |
| Other amounts receivable | 41 | €200,563 | €87,717 | -€112,846 | -56.3% |
| Cash at bank and in hand | 54/58 | €1,810,945 | €1,440,519 | -€370,426 | -20.5% |
| Deferred charges and accrued income | 490/1 | €383,977 | €389,234 | +€5,257 | +1.4% |
| Total equity and liabilities | 10/49 | €4,517,259 | €3,500,307 | -€1.0m | -22.5% |
| Equity | 10/15 | €2,407,354 | €2,070,625 | -€336,729 | -14.0% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Capital | 10 | €518,600 | €518,600 | = | 0.0% |
| Issued capital | 100 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €1,888,754 | €1,552,025 | -€336,729 | -17.8% |
| Non-distributable reserves | 130/1 | €51,860 | €51,860 | = | 0.0% |
| Legal reserve | 130 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €1,836,894 | €1,500,165 | -€336,729 | -18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,109,905 | €1,429,682 | -€680,223 | -32.2% |
| Amounts payable after more than one year | 17 | €351,555 | €0 | -€351,555 | -100% |
| Financial debts | 170/4 | €351,555 | €0 | -€351,555 | -100% |
| Amounts payable within one year | 42/48 | €1,758,349 | €1,429,682 | -€328,667 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €703,111 | €351,555 | -€351,556 | -50.0% |
| Trade debts | 44 | €46,783 | €66,510 | +€19,726 | +42.2% |
| Suppliers | 440/4 | €46,783 | €66,510 | +€19,726 | +42.2% |
| Taxes, remuneration and social security | 45 | €8,455 | €11,617 | +€3,162 | +37.4% |
| Taxes | 450/3 | €8,455 | €11,617 | +€3,162 | +37.4% |
| Other amounts payable | 47/48 | €1,000,000 | €1,000,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604,872 | €604,537 | -€335 | -0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €1,321,963 | €1,515,326 | +€193,364 | +14.6% |
| Operating profit (loss) | 9901 | €715,997 | €909,663 | +€193,666 | +27.0% |
| Financial income | 75/76B | €10,076 | €11,651 | +€1,576 | +15.6% |
| Recurring financial income | 75 | €10,076 | €11,651 | +€1,576 | +15.6% |
| Financial charges | 65/66B | €91,978 | €36,954 | -€55,024 | -59.8% |
| Recurring financial charges | 65 | €91,978 | €36,954 | -€55,024 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €634,095 | €884,361 | +€250,266 | +39.5% |
| Income taxes | 67/77 | €158,524 | €221,090 | +€62,567 | +39.5% |
| Profit (loss) for the period | 9904 | €475,571 | €663,271 | +€187,700 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €475,571 | €663,271 | +€187,700 | +39.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.