GREENWOOD: 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.
GREENWOOD
Largest movements
- Receivables within one year +€31,554
up €31,554 (+15.9%), from €198,302 to €229,856
of which Other amounts receivable: +€32,504
- Current investments +€18,000
up €18,000 (+18.5%), from €97,276 to €115,276
- Tangible fixed assets -€7,215
down €7,215 (-8.6%), from €84,336 to €77,121
of which Furniture and vehicles: -€5,300
- Reserves +€56,844
up €56,844 (+18.6%), from €305,223 to €362,067
of which Distributable reserves: +€56,844
- Current portion of long-term debt -€17,596
down €17,596 (-100%), from €17,596 to €0
- Tax, wage and social debts +€10,714
up €10,714 (+76.9%), from €13,926 to €24,640
- Trade debts -€6,486
down €6,486 (-25.1%), from €25,795 to €19,308
- Gross operating margin +€27,405
up €27,405 (+38.2%), from €71,786 to €99,190
- Depreciation -€2,693
down €2,693 (-13.1%), from €20,547 to €17,854
- Taxes -€1,383
down €1,383 (-5.6%), from €24,636 to €23,253
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,947 | €424,615 | +€40,668 | +10.6% |
| Fixed assets | 21/28 | €84,336 | €77,121 | -€7,215 | -8.6% |
| Tangible fixed assets | 22/27 | €84,336 | €77,121 | -€7,215 | -8.6% |
| Land and buildings | 22 | €39,021 | €38,853 | -€168 | -0.4% |
| Plant, machinery and equipment | 23 | €17,309 | €15,562 | -€1,747 | -10.1% |
| Furniture and vehicles | 24 | €23,257 | €17,956 | -€5,300 | -22.8% |
| Other tangible fixed assets | 26 | €4,750 | €4,750 | = | 0.0% |
| Current assets | 29/58 | €299,611 | €347,494 | +€47,883 | +16.0% |
| Amounts receivable within one year | 40/41 | €198,302 | €229,856 | +€31,554 | +15.9% |
| Trade receivables | 40 | €26,410 | €25,460 | -€950 | -3.6% |
| Other amounts receivable | 41 | €171,893 | €204,397 | +€32,504 | +18.9% |
| Current investments | 50/53 | €97,276 | €115,276 | +€18,000 | +18.5% |
| Cash at bank and in hand | 54/58 | €1,727 | €1,315 | -€412 | -23.9% |
| Deferred charges and accrued income | 490/1 | €2,306 | €1,048 | -€1,258 | -54.6% |
| Total equity and liabilities | 10/49 | €383,947 | €424,615 | +€40,668 | +10.6% |
| Equity | 10/15 | €323,823 | €380,667 | +€56,844 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €305,223 | €362,067 | +€56,844 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €303,363 | €360,207 | +€56,844 | +18.7% |
| Amounts payable | 17/49 | €60,124 | €43,948 | -€16,176 | -26.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,124 | €43,948 | -€16,176 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €17,596 | €0 | -€17,596 | -100% |
| Financial debts | 43 | €2,807 | €0 | -€2,807 | -100% |
| Credit institutions | 430/8 | €2,807 | €0 | -€2,807 | -100% |
| Trade debts | 44 | €25,795 | €19,308 | -€6,486 | -25.1% |
| Suppliers | 440/4 | €25,795 | €19,308 | -€6,486 | -25.1% |
| Taxes, remuneration and social security | 45 | €13,926 | €24,640 | +€10,714 | +76.9% |
| Taxes | 450/3 | €13,926 | €24,640 | +€10,714 | +76.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,547 | €17,854 | -€2,693 | -13.1% |
| Other operating charges | 640/8 | €164 | €493 | +€329 | +201% |
| Gross operating margin | 9900 | €71,786 | €99,190 | +€27,405 | +38.2% |
| Operating profit (loss) | 9901 | €51,075 | €80,843 | +€29,768 | +58.3% |
| Financial income | 75/76B | €22 | €22 | -€0 | -0.6% |
| Recurring financial income | 75 | €22 | €22 | -€0 | -0.6% |
| Financial charges | 65/66B | €819 | €767 | -€52 | -6.3% |
| Recurring financial charges | 65 | €819 | €767 | -€52 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €50,277 | €80,097 | +€29,819 | +59.3% |
| Income taxes | 67/77 | €24,636 | €23,253 | -€1,383 | -5.6% |
| Profit (loss) for the period | 9904 | €25,642 | €56,844 | +€31,202 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €25,642 | €56,844 | +€31,202 | +122% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.