GREENWINS: 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.
GREENWINS
Largest movements
- Tangible fixed assets +€16,482
up €16,482 (+4,548%), from €362 to €16,844
of which Furniture and vehicles: +€12,178
- Cash -€11,297
down €11,297 (-58.6%), from €19,282 to €7,985
mainly Investment in fixed assets (net) (-€19,800) and Tax, wage and social debts (-€1,189)
- Receivables within one year -€1,909
down €1,909 (-8.7%), from €21,996 to €20,087
of which Trade receivables: -€1,537
- Deferred charges and accrued income -€495
down €495 (-67.1%), from €737 to €242
- Trade debts +€4,069
up €4,069 (+130%), from €3,128 to €7,197
- Tax, wage and social debts -€1,189
down €1,189 (-4.2%), from €28,438 to €27,249
of which Taxes: -€3,755
- Profit (loss) carried forward +€777
up €777 (+7.9%), from -€9,777 to -€9,000
- Other debts -€470
down €470 (-19.8%), from €2,376 to €1,906
- Gross operating margin -€10,270
down €10,270 (-65.6%), from €15,644 to €5,374
- Depreciation +€2,802
up €2,802 (+542%), from €517 to €3,318
- Financial charges -€703
down €703 (-81.6%), from €861 to €158
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 | €42,546 | €45,328 | +€2,782 | +6.5% |
| Fixed assets | 21/28 | €531 | €17,013 | +€16,482 | +3,101% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €362 | €16,844 | +€16,482 | +4,548% |
| Plant, machinery and equipment | 23 | €293 | €4,598 | +€4,304 | +1,467% |
| Furniture and vehicles | 24 | €69 | €12,246 | +€12,178 | +17,664% |
| Financial fixed assets | 28 | €169 | €169 | = | 0.0% |
| Current assets | 29/58 | €42,015 | €28,315 | -€13,700 | -32.6% |
| Amounts receivable within one year | 40/41 | €21,996 | €20,087 | -€1,909 | -8.7% |
| Trade receivables | 40 | €21,624 | €20,087 | -€1,537 | -7.1% |
| Other amounts receivable | 41 | €372 | €0 | -€372 | -100% |
| Current investments | 50/53 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €19,282 | €7,985 | -€11,297 | -58.6% |
| Deferred charges and accrued income | 490/1 | €737 | €242 | -€495 | -67.1% |
| Total equity and liabilities | 10/49 | €42,546 | €45,328 | +€2,782 | +6.5% |
| Equity | 10/15 | €8,199 | €8,976 | +€777 | +9.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €9,976 | €9,976 | = | 0.0% |
| Distributable reserves | 133 | €9,976 | €9,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,777 | -€9,000 | +€777 | +7.9% |
| Amounts payable | 17/49 | €34,347 | €36,352 | +€2,005 | +5.8% |
| Amounts payable within one year | 42/48 | €33,941 | €36,352 | +€2,411 | +7.1% |
| Trade debts | 44 | €3,128 | €7,197 | +€4,069 | +130% |
| Suppliers | 440/4 | €3,128 | €7,197 | +€4,069 | +130% |
| Taxes, remuneration and social security | 45 | €28,438 | €27,249 | -€1,189 | -4.2% |
| Taxes | 450/3 | €6,362 | €2,607 | -€3,755 | -59.0% |
| Remuneration and social security | 454/9 | €22,076 | €24,642 | +€2,566 | +11.6% |
| Other amounts payable | 47/48 | €2,376 | €1,906 | -€470 | -19.8% |
| Accrued charges and deferred income | 492/3 | €406 | €0 | -€406 | -100% |
| Non-recurring operating income | 76A | €1,046 | €0 | -€1,046 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €3,318 | +€2,802 | +542% |
| Other operating charges | 640/8 | €1,108 | €980 | -€129 | -11.6% |
| Gross operating margin | 9900 | €15,644 | €5,374 | -€10,270 | -65.6% |
| Operating profit (loss) | 9901 | €14,019 | €1,076 | -€12,943 | -92.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €861 | €158 | -€703 | -81.6% |
| Recurring financial charges | 65 | €861 | €158 | -€703 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €13,160 | €918 | -€12,242 | -93.0% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | €13,032 | €777 | -€12,255 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,032 | €777 | -€12,255 | -94.0% |
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 27 October 2026 via checked.be.