GREENWAY: 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.
GREENWAY
Largest movements
- Stocks and contracts +€35,746
up €35,746 (+293%), from €12,217 to €47,963
- Tangible fixed assets +€7,974
new in 2025: €7,974
- Cash -€5,742
down €5,742 (-11.9%), from €48,150 to €42,408
mainly Stocks and contracts (-€35,746) and Investment in fixed assets (net) (-€8,500)
- Tax, wage and social debts +€20,410
up €20,410 (+765%), from €2,667 to €23,077
of which Remuneration and social security: +€14,864
- Trade debts +€10,321
up €10,321 (+69.4%), from €14,867 to €25,188
- Profit (loss) carried forward +€7,051
up €7,051 (+16.9%), from €41,827 to €48,878
- Turnover +€106,200
up €106,200 (+14.6%), from €725,487 to €831,687
- Purchases and services +€55,090
up €55,090 (+7.7%), from €714,998 to €770,088
- Gross operating margin +€51,191
up €51,191 (+488%), from €10,489 to €61,680
- Staff costs +€50,088
new in 2025: €50,088
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 | €68,116 | €106,298 | +€38,182 | +56.1% |
| Fixed assets | 21/28 | €1,365 | €9,339 | +€7,974 | +584% |
| Tangible fixed assets | 22/27 | - | €7,974 | +€7,974 | |
| Furniture and vehicles | 24 | - | €7,974 | +€7,974 | |
| Financial fixed assets | 28 | €1,365 | €1,365 | = | 0.0% |
| Current assets | 29/58 | €66,751 | €96,959 | +€30,208 | +45.3% |
| Stocks and contracts in progress | 3 | €12,217 | €47,963 | +€35,746 | +293% |
| Stocks | 30/36 | €12,217 | €47,963 | +€35,746 | +293% |
| Amounts receivable within one year | 40/41 | €6,384 | €6,588 | +€204 | +3.2% |
| Other amounts receivable | 41 | €6,384 | €6,588 | +€204 | +3.2% |
| Cash at bank and in hand | 54/58 | €48,150 | €42,408 | -€5,742 | -11.9% |
| Total equity and liabilities | 10/49 | €68,116 | €106,298 | +€38,182 | +56.1% |
| Equity | 10/15 | €50,582 | €57,633 | +€7,051 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €2,555 | €2,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,555 | €2,555 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,555 | €2,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,827 | €48,878 | +€7,051 | +16.9% |
| Amounts payable | 17/49 | €17,534 | €48,665 | +€31,131 | +178% |
| Amounts payable within one year | 42/48 | €17,534 | €48,265 | +€30,731 | +175% |
| Trade debts | 44 | €14,867 | €25,188 | +€10,321 | +69.4% |
| Suppliers | 440/4 | €14,867 | €25,188 | +€10,321 | +69.4% |
| Taxes, remuneration and social security | 45 | €2,667 | €23,077 | +€20,410 | +765% |
| Taxes | 450/3 | €2,667 | €8,213 | +€5,546 | +208% |
| Remuneration and social security | 454/9 | - | €14,864 | +€14,864 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Turnover | 70 | €725,487 | €831,687 | +€106,200 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €714,998 | €770,088 | +€55,090 | +7.7% |
| Remuneration, social security and pensions | 62 | - | €50,088 | +€50,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €526 | +€526 | |
| Other operating charges | 640/8 | €2,504 | €2,008 | -€496 | -19.8% |
| Gross operating margin | 9900 | €10,489 | €61,680 | +€51,191 | +488% |
| Operating profit (loss) | 9901 | €7,985 | €9,058 | +€1,073 | +13.4% |
| Financial income | 75/76B | - | €491 | +€491 | |
| Recurring financial income | 75 | - | €491 | +€491 | |
| Financial charges | 65/66B | €132 | €148 | +€16 | +12.1% |
| Recurring financial charges | 65 | €132 | €148 | +€16 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €7,853 | €9,401 | +€1,548 | +19.7% |
| Income taxes | 67/77 | - | €2,350 | +€2,350 | |
| Profit (loss) for the period | 9904 | €7,853 | €7,051 | -€802 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,853 | €7,051 | -€802 | -10.2% |
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 15 October 2026 via checked.be.