GREENWAY: 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.
GREENWAY
Largest movements
- Receivables within one year -€249,351
down €249,351 (-76.5%), from €326,035 to €76,684
of which Trade receivables: -€269,916
- Tangible fixed assets +€214,661
up €214,661 (+19.8%), from €1.1m to €1.3m
of which Plant, machinery and equipment: +€239,626
- Cash -€42,219
down €42,219 (-96.4%), from €43,816 to €1,597
mainly Trade debts (-€297,287) and Investment in fixed assets (net) (-€256,359)
- Trade debts -€297,287
down €297,287 (-87.9%), from €338,283 to €40,996
- Other debts +€262,187
up €262,187 (+361.2%), from €72,596 to €334,783
- Profit (loss) carried forward -€23,470
down €23,470 (-51.2%), from -€45,799 to -€69,269
- Write-downs +€69,564
no longer reported in 2024 (was -€69,564)
- Other operating charges -€69,381
down €69,381 (-95.4%), from €72,745 to €3,364
- Depreciation +€10,312
up €10,312 (+32.9%), from €31,386 to €41,698
- Gross operating margin -€6,419
down €6,419 (-68.4%), from €9,378 to €2,959
- Financial income +€473
new in 2024: €473
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,457,388 | €1,380,572 | -€76,816 | -5.3% |
| Fixed assets | 21/28 | €1,086,631 | €1,301,292 | +€214,661 | +19.8% |
| Tangible fixed assets | 22/27 | €1,086,631 | €1,301,292 | +€214,661 | +19.8% |
| Land and buildings | 22 | €758,080 | €733,115 | -€24,965 | -3.3% |
| Plant, machinery and equipment | 23 | €328,551 | €568,177 | +€239,626 | +72.9% |
| Current assets | 29/58 | €370,757 | €79,280 | -€291,477 | -78.6% |
| Amounts receivable within one year | 40/41 | €326,035 | €76,684 | -€249,351 | -76.5% |
| Trade receivables | 40 | €307,229 | €37,313 | -€269,916 | -87.9% |
| Other amounts receivable | 41 | €18,806 | €39,371 | +€20,565 | +109.4% |
| Cash at bank and in hand | 54/58 | €43,816 | €1,597 | -€42,219 | -96.4% |
| Deferred charges and accrued income | 490/1 | €906 | €999 | +€93 | +10.3% |
| Total equity and liabilities | 10/49 | €1,457,388 | €1,380,572 | -€76,816 | -5.3% |
| Equity | 10/15 | €923,307 | €886,148 | -€37,159 | -4.0% |
| Contributions | 10/11 | €545,000 | €545,000 | = | 0.0% |
| Capital | 10 | - | €545,000 | +€545,000 | |
| Issued capital | 100 | - | €545,000 | +€545,000 | |
| Reserves | 13 | €424,106 | €410,417 | -€13,689 | -3.2% |
| Non-distributable reserves | 130/1 | €54,500 | €54,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €54,500 | €54,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €369,606 | €355,917 | -€13,689 | -3.7% |
| Profit (loss) carried forward | 14 | -€45,799 | -€69,269 | -€23,470 | -51.2% |
| Provisions and deferred taxes | 16 | €123,202 | €118,639 | -€4,563 | -3.7% |
| Deferred taxes | 168 | €123,202 | €118,639 | -€4,563 | -3.7% |
| Amounts payable | 17/49 | €410,879 | €375,785 | -€35,094 | -8.5% |
| Amounts payable within one year | 42/48 | €410,879 | €375,785 | -€35,094 | -8.5% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €338,283 | €40,996 | -€297,287 | -87.9% |
| Suppliers | 440/4 | €338,283 | €40,996 | -€297,287 | -87.9% |
| Other amounts payable | 47/48 | €72,596 | €334,783 | +€262,187 | +361.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,386 | €41,698 | +€10,312 | +32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€69,564 | - | +€69,564 | |
| Other operating charges | 640/8 | €72,745 | €3,364 | -€69,381 | -95.4% |
| Non-recurring operating charges | 66A | €1,122 | - | -€1,122 | |
| Gross operating margin | 9900 | €9,378 | €2,959 | -€6,419 | -68.4% |
| Operating profit (loss) | 9901 | -€26,311 | -€42,103 | -€15,792 | -60.0% |
| Financial income | 75/76B | - | €473 | +€473 | |
| Recurring financial income | 75 | - | €473 | +€473 | |
| Financial charges | 65/66B | €70 | €92 | +€22 | +31.4% |
| Recurring financial charges | 65 | €70 | €92 | +€22 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,381 | -€41,722 | -€15,341 | -58.2% |
| Transfer from deferred taxes | 780 | €4,563 | €4,563 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€21,818 | -€37,159 | -€15,341 | -70.3% |
| Transfer from tax-exempt reserves | 789 | €13,689 | €13,689 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,129 | -€23,470 | -€15,341 | -188.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.