GREENVAX: 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.
GREENVAX
Largest movements
- Tangible fixed assets +€31,712
up €31,712 (+584.0%), from €5,430 to €37,142
of which Leasing and similar rights: +€34,690
- Receivables within one year -€20,071
down €20,071 (-24.3%), from €82,574 to €62,502
- Debts after one year +€27,712
new in 2025: €27,712
- Other debts -€25,621
down €25,621 (-72.8%), from €35,181 to €9,560
- Current portion of long-term debt +€7,629
new in 2025: €7,629
- Profit (loss) carried forward +€7,185
up €7,185 (+73.9%), from €9,724 to €16,909
- Trade debts -€4,884
down €4,884 (-45.4%), from €10,749 to €5,865
- Depreciation +€6,802
up €6,802 (+228.4%), from €2,978 to €9,780
- Gross operating margin +€4,463
up €4,463 (+19.3%), from €23,178 to €27,640
- Taxes -€2,147
down €2,147 (-35.6%), from €6,032 to €3,884
- Other operating charges +€976
up €976 (+72.7%), from €1,342 to €2,318
- Financial charges +€548
up €548 (+14.0%), from €3,926 to €4,473
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,950 | €104,103 | +€12,154 | +13.2% |
| Fixed assets | 21/28 | €5,430 | €37,142 | +€31,712 | +584.0% |
| Tangible fixed assets | 22/27 | €5,430 | €37,142 | +€31,712 | +584.0% |
| Furniture and vehicles | 24 | €5,430 | €2,452 | -€2,978 | -54.8% |
| Leasing and similar rights | 25 | - | €34,690 | +€34,690 | |
| Current assets | 29/58 | €86,519 | €66,961 | -€19,558 | -22.6% |
| Amounts receivable within one year | 40/41 | €82,574 | €62,502 | -€20,071 | -24.3% |
| Trade receivables | 40 | €82,574 | €62,502 | -€20,071 | -24.3% |
| Deferred charges and accrued income | 490/1 | €3,945 | €4,459 | +€513 | +13.0% |
| Total equity and liabilities | 10/49 | €91,950 | €104,103 | +€12,154 | +13.2% |
| Equity | 10/15 | €12,724 | €19,909 | +€7,185 | +56.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,724 | €16,909 | +€7,185 | +73.9% |
| Amounts payable | 17/49 | €79,226 | €84,195 | +€4,969 | +6.3% |
| Amounts payable after more than one year | 17 | - | €27,712 | +€27,712 | |
| Financial debts | 170/4 | - | €27,712 | +€27,712 | |
| Amounts payable within one year | 42/48 | €79,226 | €56,483 | -€22,743 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,629 | +€7,629 | |
| Financial debts | 43 | €19,698 | €19,584 | -€114 | -0.6% |
| Credit institutions | 430/8 | €19,698 | €19,584 | -€114 | -0.6% |
| Trade debts | 44 | €10,749 | €5,865 | -€4,884 | -45.4% |
| Suppliers | 440/4 | €10,749 | €5,865 | -€4,884 | -45.4% |
| Taxes, remuneration and social security | 45 | €13,598 | €13,845 | +€247 | +1.8% |
| Taxes | 450/3 | €13,598 | €13,845 | +€247 | +1.8% |
| Other amounts payable | 47/48 | €35,181 | €9,560 | -€25,621 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,978 | €9,780 | +€6,802 | +228.4% |
| Other operating charges | 640/8 | €1,342 | €2,318 | +€976 | +72.7% |
| Gross operating margin | 9900 | €23,178 | €27,640 | +€4,463 | +19.3% |
| Operating profit (loss) | 9901 | €18,858 | €15,543 | -€3,315 | -17.6% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €3,926 | €4,473 | +€548 | +14.0% |
| Recurring financial charges | 65 | €3,926 | €4,473 | +€548 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €14,948 | €11,069 | -€3,878 | -25.9% |
| Income taxes | 67/77 | €6,032 | €3,884 | -€2,147 | -35.6% |
| Profit (loss) for the period | 9904 | €8,916 | €7,185 | -€1,731 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,916 | €7,185 | -€1,731 | -19.4% |
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 5 October 2026 via checked.be.