Greentus: 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.
Greentus
Largest movements
- Current investments -€25,870
down €25,870 (-43.1%), from €60,000 to €34,130
- Cash +€24,433
up €24,433 (+78.0%), from €31,310 to €55,744
mainly Other debts (+€46,807) and Current investments (+€25,870)
- Receivables within one year -€9,769
down €9,769 (-73.5%), from €13,285 to €3,516
of which Trade receivables: -€6,662
- Tangible fixed assets -€9,668
down €9,668 (-53.7%), from €17,993 to €8,325
- Intangible fixed assets -€8,289
down €8,289 (-17.1%), from €48,583 to €40,294
- Reserves -€53,945
down €53,945 (-44.4%), from €121,578 to €67,634
- Other debts +€46,807
new in 2025: €46,807
- Trade debts -€27,879
down €27,879 (-58.7%), from €47,496 to €19,617
- Accrued charges and deferred income +€5,676
new in 2025: €5,676
- Tax, wage and social debts +€2,071
up €2,071 (+16.5%), from €12,586 to €14,657
of which Taxes: +€4,820
- Depreciation +€2,712
up €2,712 (+17.3%), from €15,673 to €18,385
- Gross operating margin -€2,428
down €2,428 (-5.0%), from €48,650 to €46,222
- Financial charges -€562
down €562 (-39.6%), from €1,419 to €857
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 | €186,660 | €159,391 | -€27,269 | -14.6% |
| Fixed assets | 21/28 | €66,576 | €48,618 | -€17,958 | -27.0% |
| Intangible fixed assets | 21 | €48,583 | €40,294 | -€8,289 | -17.1% |
| Tangible fixed assets | 22/27 | €17,993 | €8,325 | -€9,668 | -53.7% |
| Plant, machinery and equipment | 23 | €17,993 | €8,325 | -€9,668 | -53.7% |
| Current assets | 29/58 | €120,084 | €110,773 | -€9,311 | -7.8% |
| Stocks and contracts in progress | 3 | €8,722 | €9,227 | +€505 | +5.8% |
| Stocks | 30/36 | €8,722 | €9,227 | +€505 | +5.8% |
| Amounts receivable within one year | 40/41 | €13,285 | €3,516 | -€9,769 | -73.5% |
| Trade receivables | 40 | €10,172 | €3,510 | -€6,662 | -65.5% |
| Other amounts receivable | 41 | €3,113 | €6 | -€3,107 | -99.8% |
| Current investments | 50/53 | €60,000 | €34,130 | -€25,870 | -43.1% |
| Cash at bank and in hand | 54/58 | €31,310 | €55,744 | +€24,433 | +78.0% |
| Deferred charges and accrued income | 490/1 | €6,767 | €8,156 | +€1,389 | +20.5% |
| Total equity and liabilities | 10/49 | €186,660 | €159,391 | -€27,269 | -14.6% |
| Equity | 10/15 | €126,578 | €72,634 | -€53,945 | -42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,578 | €67,634 | -€53,945 | -44.4% |
| Distributable reserves | 133 | €121,578 | €67,634 | -€53,945 | -44.4% |
| Amounts payable | 17/49 | €60,082 | €86,757 | +€26,675 | +44.4% |
| Amounts payable within one year | 42/48 | €60,082 | €81,081 | +€20,999 | +35.0% |
| Trade debts | 44 | €47,496 | €19,617 | -€27,879 | -58.7% |
| Suppliers | 440/4 | €47,496 | €19,617 | -€27,879 | -58.7% |
| Taxes, remuneration and social security | 45 | €12,586 | €14,657 | +€2,071 | +16.5% |
| Taxes | 450/3 | €9,838 | €14,657 | +€4,820 | +49.0% |
| Remuneration and social security | 454/9 | €2,748 | - | -€2,748 | |
| Other amounts payable | 47/48 | - | €46,807 | +€46,807 | |
| Accrued charges and deferred income | 492/3 | - | €5,676 | +€5,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,673 | €18,385 | +€2,712 | +17.3% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €48,650 | €46,222 | -€2,428 | -5.0% |
| Operating profit (loss) | 9901 | €32,477 | €27,323 | -€5,154 | -15.9% |
| Financial income | 75/76B | €309 | €677 | +€368 | +119.1% |
| Recurring financial income | 75 | €129 | €677 | +€548 | +424.3% |
| Non-recurring financial income | 76B | €180 | - | -€180 | |
| Financial charges | 65/66B | €1,419 | €857 | -€562 | -39.6% |
| Recurring financial charges | 65 | €1,419 | €857 | -€562 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €31,367 | €27,143 | -€4,224 | -13.5% |
| Income taxes | 67/77 | €6,034 | €5,669 | -€364 | -6.0% |
| Profit (loss) for the period | 9904 | €25,334 | €21,474 | -€3,860 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,334 | €21,474 | -€3,860 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.