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.
What changed
GREENWAY
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€53,028
2024 · €96,767-€43,739
Equity
€325,048
2024 · €272,020+€53,028
Cash
€122,592
2024 · €96,334+€26,258
Balance sheet total
€934,812
2024 · €849,410+€85,403
Largest movements
Assets
- Receivables within one year +€64,446
up €64,446 (+51.4%), from €125,490 to €189,936
of which Trade receivables: +€65,254
- Cash +€26,258
up €26,258 (+27.3%), from €96,334 to €122,592
mainly Net result for the year (+€53,028) and Other debts (+€47,517)
Equity and liabilities
- Reserves +€53,028
up €53,028 (+31.6%), from €167,637 to €220,665
of which Distributable reserves: +€53,028
- Other debts +€47,517
up €47,517 (+24.7%), from €192,461 to €239,978
Income statement
- Gross operating margin -€63,394
down €63,394 (-23.2%), from €273,807 to €210,413
- Taxes -€19,911
down €19,911 (-43.7%), from €45,615 to €25,704
- Staff costs -€6,783
down €6,783 (-6.4%), from €105,330 to €98,547
- Financial charges +€5,292
up €5,292 (+33.4%), from €15,864 to €21,156
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.
Result 2024
€96,767
Gross operating margin
-€63,394
Staff costs
+€6,783
Depreciation
+€175
Other operating charges
-€550
Other operating items
-€662
Financial income
-€710
Financial charges
-€5,292
Taxes
+€19,911
Result 2025
€53,028
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.
From operations
+€36,017
Investment
-€6,571
Financing
-€3,189
Cash 2024
€96,334
From operations (derived)
+€36,017
Net result for the year
+€53,028
Depreciation
+€10,699
Stocks and contracts
+€2,486
Receivables within one year
-€64,446
Deferred charges and accrued income
-€1,312
Trade debts
-€531
Tax, wage and social debts
-€9,041
Advances received
-€4,824
Other debts
+€47,517
Accrued charges and deferred income
+€2,443
Investment (derived)
-€6,571
Investment in fixed assets (net)
-€6,571
Financing
-€3,189
Debts after one year
-€3,412
Current portion of long-term debt
+€224
Cash 2025
€122,592
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,410 | €934,812 | +€85,403 | +10.1% |
| Fixed assets | 21/28 | €47,408 | €43,280 | -€4,128 | -8.7% |
| Tangible fixed assets | 22/27 | €35,408 | €31,280 | -€4,128 | -11.7% |
| Plant, machinery and equipment | 23 | €34,544 | €31,280 | -€3,264 | -9.4% |
| Furniture and vehicles | 24 | €864 | - | -€864 | |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €802,002 | €891,532 | +€89,531 | +11.2% |
| Stocks and contracts in progress | 3 | €574,674 | €572,188 | -€2,486 | -0.4% |
| Stocks | 30/36 | €574,674 | €572,188 | -€2,486 | -0.4% |
| Amounts receivable within one year | 40/41 | €125,490 | €189,936 | +€64,446 | +51.4% |
| Trade receivables | 40 | €76,104 | €141,358 | +€65,254 | +85.7% |
| Other amounts receivable | 41 | €49,386 | €48,578 | -€808 | -1.6% |
| Cash at bank and in hand | 54/58 | €96,334 | €122,592 | +€26,258 | +27.3% |
| Deferred charges and accrued income | 490/1 | €5,504 | €6,816 | +€1,312 | +23.8% |
| Total equity and liabilities | 10/49 | €849,410 | €934,812 | +€85,403 | +10.1% |
| Equity | 10/15 | €272,020 | €325,048 | +€53,028 | +19.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €167,637 | €220,665 | +€53,028 | +31.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €161,440 | €214,468 | +€53,028 | +32.8% |
| Profit (loss) carried forward | 14 | €42,409 | €42,409 | = | 0.0% |
| Amounts payable | 17/49 | €577,390 | €609,764 | +€32,375 | +5.6% |
| Amounts payable after more than one year | 17 | €56,074 | €52,662 | -€3,412 | -6.1% |
| Financial debts | 170/4 | €56,074 | €52,662 | -€3,412 | -6.1% |
| Amounts payable within one year | 42/48 | €518,344 | €551,688 | +€33,344 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €31,362 | €31,585 | +€224 | +0.7% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €16,590 | €16,059 | -€531 | -3.2% |
| Suppliers | 440/4 | €16,590 | €16,059 | -€531 | -3.2% |
| Advances received on contracts in progress | 46 | €5,124 | €300 | -€4,824 | -94.1% |
| Taxes, remuneration and social security | 45 | €22,807 | €13,766 | -€9,041 | -39.6% |
| Taxes | 450/3 | €15,593 | €6,489 | -€9,104 | -58.4% |
| Remuneration and social security | 454/9 | €7,214 | €7,277 | +€63 | +0.9% |
| Other amounts payable | 47/48 | €192,461 | €239,978 | +€47,517 | +24.7% |
| Accrued charges and deferred income | 492/3 | €2,972 | €5,414 | +€2,443 | +82.2% |
| Remuneration, social security and pensions | 62 | €105,330 | €98,547 | -€6,783 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,874 | €10,699 | -€175 | -1.6% |
| Other operating charges | 640/8 | - | €550 | +€550 | |
| Non-recurring operating charges | 66A | €106 | €768 | +€662 | +624.5% |
| Gross operating margin | 9900 | €273,807 | €210,413 | -€63,394 | -23.2% |
| Operating profit (loss) | 9901 | €157,497 | €99,849 | -€57,648 | -36.6% |
| Financial income | 75/76B | €749 | €39 | -€710 | -94.8% |
| Recurring financial income | 75 | €749 | €39 | -€710 | -94.8% |
| Financial charges | 65/66B | €15,864 | €21,156 | +€5,292 | +33.4% |
| Recurring financial charges | 65 | €15,864 | €21,156 | +€5,292 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €142,382 | €78,732 | -€63,650 | -44.7% |
| Income taxes | 67/77 | €45,615 | €25,704 | -€19,911 | -43.7% |
| Profit (loss) for the period | 9904 | €96,767 | €53,028 | -€43,739 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,767 | €53,028 | -€43,739 | -45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.