GREENWALL CHAUFFAGE: 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.
GREENWALL CHAUFFAGE
Largest movements
- Tangible fixed assets +€43,492
up €43,492 (+407%), from €10,698 to €54,190
of which Furniture and vehicles: +€44,969
- Receivables within one year +€37,863
up €37,863 (+96.7%), from €39,167 to €77,031
of which Trade receivables: +€30,459
- Cash -€34,147
down €34,147 (-37.6%), from €90,713 to €56,566
mainly Investment in fixed assets (net) (-€53,233) and Receivables within one year (-€37,863)
- Debts after one year +€31,077
new in 2025: €31,077
- Other debts +€19,896
up €19,896 (+416%), from €4,782 to €24,678
- Current portion of long-term debt +€12,078
new in 2025: €12,078
- Trade debts -€7,778
down €7,778 (-65.1%), from €11,940 to €4,162
- Profit (loss) carried forward -€7,120
down €7,120 (-6.8%), from €104,103 to €96,983
- Gross operating margin -€14,874
down €14,874 (-35.2%), from €42,198 to €27,324
- Depreciation +€6,679
up €6,679 (+218%), from €3,061 to €9,741
- Taxes -€5,374
down €5,374 (-53.3%), from €10,091 to €4,717
- Financial charges +€1,268
up €1,268 (+907%), from €140 to €1,408
- Financial income +€1,057
up €1,057 (+61.0%), from €1,732 to €2,789
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.
Derived cash bridge
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 | €140,826 | €189,244 | +€48,419 | +34.4% |
| Fixed assets | 21/28 | €10,946 | €54,438 | +€43,492 | +397% |
| Tangible fixed assets | 22/27 | €10,698 | €54,190 | +€43,492 | +407% |
| Plant, machinery and equipment | 23 | €2,048 | €1,183 | -€864 | -42.2% |
| Furniture and vehicles | 24 | €4,336 | €49,305 | +€44,969 | +1,037% |
| Other tangible fixed assets | 26 | €4,314 | €3,701 | -€613 | -14.2% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €129,880 | €134,807 | +€4,927 | +3.8% |
| Amounts receivable within one year | 40/41 | €39,167 | €77,031 | +€37,863 | +96.7% |
| Trade receivables | 40 | €14,140 | €44,599 | +€30,459 | +215% |
| Other amounts receivable | 41 | €25,027 | €32,432 | +€7,405 | +29.6% |
| Cash at bank and in hand | 54/58 | €90,713 | €56,566 | -€34,147 | -37.6% |
| Deferred charges and accrued income | 490/1 | - | €1,210 | +€1,210 | |
| Total equity and liabilities | 10/49 | €140,826 | €189,244 | +€48,419 | +34.4% |
| Equity | 10/15 | €124,103 | €116,983 | -€7,120 | -5.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,103 | €96,983 | -€7,120 | -6.8% |
| Amounts payable | 17/49 | €16,723 | €72,262 | +€55,539 | +332% |
| Amounts payable after more than one year | 17 | - | €31,077 | +€31,077 | |
| Financial debts | 170/4 | - | €31,077 | +€31,077 | |
| Amounts payable within one year | 42/48 | €16,723 | €41,184 | +€24,461 | +146% |
| Current portion of amounts payable after more than one year | 42 | - | €12,078 | +€12,078 | |
| Trade debts | 44 | €11,940 | €4,162 | -€7,778 | -65.1% |
| Suppliers | 440/4 | €11,940 | €4,162 | -€7,778 | -65.1% |
| Taxes, remuneration and social security | 45 | - | €265 | +€265 | |
| Taxes | 450/3 | - | €265 | +€265 | |
| Other amounts payable | 47/48 | €4,782 | €24,678 | +€19,896 | +416% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,061 | €9,741 | +€6,679 | +218% |
| Other operating charges | 640/8 | €1,047 | €1,367 | +€320 | +30.5% |
| Gross operating margin | 9900 | €42,198 | €27,324 | -€14,874 | -35.2% |
| Operating profit (loss) | 9901 | €38,089 | €16,217 | -€21,873 | -57.4% |
| Financial income | 75/76B | €1,732 | €2,789 | +€1,057 | +61.0% |
| Recurring financial income | 75 | €1,732 | €2,789 | +€1,057 | +61.0% |
| Financial charges | 65/66B | €140 | €1,408 | +€1,268 | +907% |
| Recurring financial charges | 65 | €140 | €1,408 | +€1,268 | +907% |
| Profit (loss) for the period before taxes | 9903 | €39,682 | €17,598 | -€22,084 | -55.7% |
| Income taxes | 67/77 | €10,091 | €4,717 | -€5,374 | -53.3% |
| Profit (loss) for the period | 9904 | €29,591 | €12,880 | -€16,710 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,591 | €12,880 | -€16,710 | -56.5% |
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 30 October 2026 via checked.be.