GREENTRIPPER: 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.
GREENTRIPPER
Largest movements
- Intangible fixed assets +€127,074
up €127,074 (+371.8%), from €34,174 to €161,248
- Stocks and contracts -€32,226
down €32,226 (-44.3%), from €72,668 to €40,442
- Receivables within one year +€13,150
up €13,150 (+25.9%), from €50,852 to €64,003
of which Trade receivables: +€13,150
- Cash +€5,177
up €5,177 (+5.7%), from €90,892 to €96,069
mainly Debts after one year (+€251,132) and Current portion of long-term debt (+€33,112)
- Debts after one year +€251,132
up €251,132 (+1566.5%), from €16,031 to €267,164
- Profit (loss) carried forward -€97,237
down €97,237 (-59.7%), from -€162,754 to -€259,990
- Trade debts -€58,520
down €58,520 (-53.3%), from €109,780 to €51,259
- Current portion of long-term debt +€33,112
up €33,112 (+210.2%), from €15,755 to €48,868
- Short-term financial debts -€16,800
down €16,800 (-53.5%), from €31,402 to €14,602
- Staff costs +€89,029
up €89,029 (+58.9%), from €151,199 to €240,228
- Gross operating margin -€22,328
down €22,328 (-11.8%), from €189,965 to €167,637
- Financial charges +€10,288
up €10,288 (+341.2%), from €3,015 to €13,304
- Depreciation +€3,785
up €3,785 (+53.1%), from €7,130 to €10,915
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 | €250,250 | €366,258 | +€116,009 | +46.4% |
| Fixed assets | 21/28 | €35,280 | €163,022 | +€127,743 | +362.1% |
| Intangible fixed assets | 21 | €34,174 | €161,248 | +€127,074 | +371.8% |
| Tangible fixed assets | 22/27 | €371 | €559 | +€188 | +50.7% |
| Furniture and vehicles | 24 | €371 | €559 | +€188 | +50.7% |
| Financial fixed assets | 28 | €735 | €1,215 | +€480 | +65.4% |
| Current assets | 29/58 | €214,970 | €203,236 | -€11,734 | -5.5% |
| Stocks and contracts in progress | 3 | €72,668 | €40,442 | -€32,226 | -44.3% |
| Stocks | 30/36 | €72,668 | €40,442 | -€32,226 | -44.3% |
| Amounts receivable within one year | 40/41 | €50,852 | €64,003 | +€13,150 | +25.9% |
| Trade receivables | 40 | €50,852 | €64,003 | +€13,150 | +25.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,892 | €96,069 | +€5,177 | +5.7% |
| Deferred charges and accrued income | 490/1 | €558 | €2,722 | +€2,165 | +388.2% |
| Total equity and liabilities | 10/49 | €250,250 | €366,258 | +€116,009 | +46.4% |
| Equity | 10/15 | €46,522 | -€50,714 | -€97,237 | |
| Contributions | 10/11 | €209,276 | €209,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,754 | -€259,990 | -€97,237 | -59.7% |
| Amounts payable | 17/49 | €203,728 | €416,973 | +€213,245 | +104.7% |
| Amounts payable after more than one year | 17 | €16,031 | €267,164 | +€251,132 | +1566.5% |
| Financial debts | 170/4 | €16,031 | €267,164 | +€251,132 | +1566.5% |
| Amounts payable within one year | 42/48 | €187,696 | €149,809 | -€37,887 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €15,755 | €48,868 | +€33,112 | +210.2% |
| Financial debts | 43 | €31,402 | €14,602 | -€16,800 | -53.5% |
| Other loans | 439 | €31,402 | €14,602 | -€16,800 | -53.5% |
| Trade debts | 44 | €109,780 | €51,259 | -€58,520 | -53.3% |
| Suppliers | 440/4 | €109,780 | €51,259 | -€58,520 | -53.3% |
| Taxes, remuneration and social security | 45 | €30,759 | €35,080 | +€4,321 | +14.0% |
| Taxes | 450/3 | €9,360 | €20,791 | +€11,432 | +122.1% |
| Remuneration and social security | 454/9 | €21,400 | €14,289 | -€7,111 | -33.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €151,199 | €240,228 | +€89,029 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €10,915 | +€3,785 | +53.1% |
| Other operating charges | 640/8 | €0 | €443 | +€443 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,965 | €167,637 | -€22,328 | -11.8% |
| Operating profit (loss) | 9901 | €31,636 | -€83,949 | -€115,585 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,015 | €13,304 | +€10,288 | +341.2% |
| Recurring financial charges | 65 | €3,015 | €13,304 | +€10,288 | +341.2% |
| Profit (loss) for the period before taxes | 9903 | €28,620 | -€97,237 | -€125,857 | |
| Profit (loss) for the period | 9904 | €28,620 | -€97,237 | -€125,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,620 | -€97,237 | -€125,857 |
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 9 October 2026 via checked.be.