GREET: 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.
GREET
Largest movements
- Cash -€14,587
down €14,587 (-34.7%), from €42,021 to €27,434
mainly Contributions, distributions and other (-€40,540) and Current investments (-€8,473)
- Current investments +€8,473
up €8,473 (+121.4%), from €6,979 to €15,452
- Receivables within one year -€4,502
down €4,502 (-13.8%), from €32,615 to €28,112
of which Other amounts receivable: -€3,187
- Tangible fixed assets +€2,902
up €2,902 (+50.1%), from €5,796 to €8,698
of which Furniture and vehicles: +€4,347
- Reserves -€33,923
down €33,923 (-48.7%), from €69,675 to €35,752
of which Distributable reserves: -€32,063
- Other debts +€18,817
new in 2025: €18,817
- Contributions +€12,200
up €12,200 (+190.6%), from €6,400 to €18,600
- Tax, wage and social debts -€3,971
down €3,971 (-35.6%), from €11,155 to €7,184
- Trade debts -€1,142
down €1,142 (-66.6%), from €1,714 to €572
- Financial income -€13,088
down €13,088 (-92.4%), from €14,167 to €1,079
of which Financial income: -€13,109
- Financial charges -€4,704
down €4,704 (-79.8%), from €5,893 to €1,189
- Taxes -€3,509
down €3,509 (-35.3%), from €9,949 to €6,440
- Gross operating margin -€3,011
down €3,011 (-9.5%), from €31,571 to €28,560
- Other operating charges -€537
down €537 (-40.6%), from €1,322 to €785
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,944 | €80,945 | -€8,000 | -9.0% |
| Fixed assets | 21/28 | €5,796 | €8,698 | +€2,902 | +50.1% |
| Tangible fixed assets | 22/27 | €5,796 | €8,698 | +€2,902 | +50.1% |
| Plant, machinery and equipment | 23 | €4,334 | €2,889 | -€1,445 | -33.3% |
| Furniture and vehicles | 24 | €1,463 | €5,809 | +€4,347 | +297.1% |
| Current assets | 29/58 | €83,148 | €72,246 | -€10,902 | -13.1% |
| Amounts receivable within one year | 40/41 | €32,615 | €28,112 | -€4,502 | -13.8% |
| Trade receivables | 40 | €15,159 | €13,844 | -€1,315 | -8.7% |
| Other amounts receivable | 41 | €17,456 | €14,269 | -€3,187 | -18.3% |
| Current investments | 50/53 | €6,979 | €15,452 | +€8,473 | +121.4% |
| Cash at bank and in hand | 54/58 | €42,021 | €27,434 | -€14,587 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,533 | €1,248 | -€286 | -18.6% |
| Total equity and liabilities | 10/49 | €88,944 | €80,945 | -€8,000 | -9.0% |
| Equity | 10/15 | €76,075 | €54,352 | -€21,723 | -28.6% |
| Contributions | 10/11 | €6,400 | €18,600 | +€12,200 | +190.6% |
| Reserves | 13 | €69,675 | €35,752 | -€33,923 | -48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €67,815 | €35,752 | -€32,063 | -47.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,869 | €26,592 | +€13,723 | +106.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,869 | €26,592 | +€13,723 | +106.6% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €1,714 | €572 | -€1,142 | -66.6% |
| Suppliers | 440/4 | €1,714 | €572 | -€1,142 | -66.6% |
| Taxes, remuneration and social security | 45 | €11,155 | €7,184 | -€3,971 | -35.6% |
| Taxes | 450/3 | €11,155 | €7,184 | -€3,971 | -35.6% |
| Other amounts payable | 47/48 | - | €18,817 | +€18,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €2,408 | +€534 | +28.5% |
| Other operating charges | 640/8 | €1,322 | €785 | -€537 | -40.6% |
| Gross operating margin | 9900 | €31,571 | €28,560 | -€3,011 | -9.5% |
| Operating profit (loss) | 9901 | €28,374 | €25,367 | -€3,007 | -10.6% |
| Financial income | 75/76B | €14,167 | €1,079 | -€13,088 | -92.4% |
| Recurring financial income | 75 | €14,167 | €1,058 | -€13,109 | -92.5% |
| Non-recurring financial income | 76B | - | €21 | +€21 | |
| Financial charges | 65/66B | €5,893 | €1,189 | -€4,704 | -79.8% |
| Recurring financial charges | 65 | €5,893 | €1,189 | -€4,704 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €36,648 | €25,257 | -€11,392 | -31.1% |
| Income taxes | 67/77 | €9,949 | €6,440 | -€3,509 | -35.3% |
| Profit (loss) for the period | 9904 | €26,699 | €18,817 | -€7,882 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,699 | €18,817 | -€7,882 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.