GREENVIEW: 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.
GREENVIEW
Largest movements
- Stocks and contracts +€144,850
up €144,850 (+228.6%), from €63,360 to €208,210
of which Contracts in progress: +€140,000
- Receivables within one year -€91,248
down €91,248 (-63.8%), from €142,989 to €51,741
of which Trade receivables: -€90,672
- Tangible fixed assets -€62,903
down €62,903 (-33.2%), from €189,656 to €126,753
of which Furniture and vehicles: -€32,628
- Deferred charges and accrued income -€5,285
down €5,285 (-21.6%), from €24,488 to €19,203
- Debts after one year -€56,671
down €56,671 (-23.5%), from €241,634 to €184,963
- Trade debts +€50,015
up €50,015 (+520.3%), from €9,612 to €59,627
- Current portion of long-term debt -€18,388
down €18,388 (-20.6%), from €89,478 to €71,090
- Other debts +€17,797
up €17,797 (+68.9%), from €25,836 to €43,633
- Advances received +€8,530
new in 2025: €8,530
- Gross operating margin -€39,805
down €39,805 (-6.5%), from €616,388 to €576,583
- Depreciation -€20,999
down €20,999 (-24.0%), from €87,608 to €66,609
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 | €480,426 | €468,634 | -€11,792 | -2.5% |
| Fixed assets | 21/28 | €191,167 | €128,253 | -€62,914 | -32.9% |
| Intangible fixed assets | 21 | €11 | €0 | -€11 | -100.0% |
| Tangible fixed assets | 22/27 | €189,656 | €126,753 | -€62,903 | -33.2% |
| Land and buildings | 22 | €49,462 | €42,216 | -€7,246 | -14.6% |
| Plant, machinery and equipment | 23 | €404 | €0 | -€404 | -100.0% |
| Furniture and vehicles | 24 | €115,498 | €82,870 | -€32,628 | -28.2% |
| Leasing and similar rights | 25 | €24,292 | €1,667 | -€22,625 | -93.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €289,259 | €340,381 | +€51,122 | +17.7% |
| Stocks and contracts in progress | 3 | €63,360 | €208,210 | +€144,850 | +228.6% |
| Stocks | 30/36 | €46,359 | €51,209 | +€4,850 | +10.5% |
| Contracts in progress | 37 | €17,001 | €157,001 | +€140,000 | +823.5% |
| Amounts receivable within one year | 40/41 | €142,989 | €51,741 | -€91,248 | -63.8% |
| Trade receivables | 40 | €135,856 | €45,184 | -€90,672 | -66.7% |
| Other amounts receivable | 41 | €7,133 | €6,557 | -€576 | -8.1% |
| Cash at bank and in hand | 54/58 | €58,422 | €61,227 | +€2,805 | +4.8% |
| Deferred charges and accrued income | 490/1 | €24,488 | €19,203 | -€5,285 | -21.6% |
| Total equity and liabilities | 10/49 | €480,426 | €468,634 | -€11,792 | -2.5% |
| Equity | 10/15 | €11,513 | €3,090 | -€8,423 | -73.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,313 | -€3,110 | -€8,423 | |
| Amounts payable | 17/49 | €468,913 | €465,544 | -€3,369 | -0.7% |
| Amounts payable after more than one year | 17 | €241,634 | €184,963 | -€56,671 | -23.5% |
| Financial debts | 170/4 | €241,634 | €184,963 | -€56,671 | -23.5% |
| Amounts payable within one year | 42/48 | €226,776 | €279,949 | +€53,173 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €89,478 | €71,090 | -€18,388 | -20.6% |
| Trade debts | 44 | €9,612 | €59,627 | +€50,015 | +520.3% |
| Suppliers | 440/4 | €9,612 | €59,627 | +€50,015 | +520.3% |
| Advances received on contracts in progress | 46 | - | €8,530 | +€8,530 | |
| Taxes, remuneration and social security | 45 | €101,850 | €97,069 | -€4,781 | -4.7% |
| Taxes | 450/3 | €36,782 | €24,088 | -€12,694 | -34.5% |
| Remuneration and social security | 454/9 | €65,068 | €72,981 | +€7,913 | +12.2% |
| Other amounts payable | 47/48 | €25,836 | €43,633 | +€17,797 | +68.9% |
| Accrued charges and deferred income | 492/3 | €503 | €632 | +€129 | +25.6% |
| Remuneration, social security and pensions | 62 | €508,328 | €504,881 | -€3,447 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,608 | €66,609 | -€20,999 | -24.0% |
| Other operating charges | 640/8 | €4,295 | €4,868 | +€573 | +13.3% |
| Gross operating margin | 9900 | €616,388 | €576,583 | -€39,805 | -6.5% |
| Operating profit (loss) | 9901 | €16,157 | €225 | -€15,932 | -98.6% |
| Financial income | 75/76B | - | €425 | +€425 | |
| Recurring financial income | 75 | - | €425 | +€425 | |
| Financial charges | 65/66B | €12,741 | €6,677 | -€6,064 | -47.6% |
| Recurring financial charges | 65 | €12,741 | €6,677 | -€6,064 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €3,416 | -€6,027 | -€9,443 | |
| Income taxes | 67/77 | €3,688 | €2,396 | -€1,292 | -35.0% |
| Profit (loss) for the period | 9904 | -€272 | -€8,423 | -€8,151 | -2996.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€272 | -€8,423 | -€8,151 | -2996.7% |
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.