Greet Sanders: 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 Sanders
Largest movements
- Deferred charges and accrued income +€16,799
up €16,799 (+608.7%), from €2,760 to €19,559
- Cash +€11,094
up €11,094 (+29.6%), from €37,477 to €48,571
mainly Net result for the year (+€40,287) and Other debts (+€4,703)
- Receivables within one year +€6,500
up €6,500 (+39.4%), from €16,500 to €23,000
- Profit (loss) carried forward +€40,287
up €40,287 (+96.0%), from €41,955 to €82,242
- Tax, wage and social debts -€11,408
down €11,408 (-86.1%), from €13,255 to €1,847
- Other debts +€4,703
new in 2025: €4,703
- Gross operating margin -€7,768
down €7,768 (-12.9%), from €60,393 to €52,626
- Depreciation -€4,616
no longer reported in 2025 (was €4,616)
- Taxes -€1,406
down €1,406 (-11.6%), from €12,158 to €10,752
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 | €56,737 | €91,130 | +€34,393 | +60.6% |
| Current assets | 29/58 | €56,737 | €91,130 | +€34,393 | +60.6% |
| Amounts receivable within one year | 40/41 | €16,500 | €23,000 | +€6,500 | +39.4% |
| Other amounts receivable | 41 | €16,500 | €23,000 | +€6,500 | +39.4% |
| Cash at bank and in hand | 54/58 | €37,477 | €48,571 | +€11,094 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,760 | €19,559 | +€16,799 | +608.7% |
| Total equity and liabilities | 10/49 | €56,737 | €91,130 | +€34,393 | +60.6% |
| Equity | 10/15 | €43,455 | €83,742 | +€40,287 | +92.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,955 | €82,242 | +€40,287 | +96.0% |
| Amounts payable | 17/49 | €13,282 | €7,388 | -€5,894 | -44.4% |
| Amounts payable within one year | 42/48 | €13,282 | €7,388 | -€5,894 | -44.4% |
| Trade debts | 44 | €26 | €837 | +€811 | +3065.6% |
| Suppliers | 440/4 | €26 | €837 | +€811 | +3065.6% |
| Taxes, remuneration and social security | 45 | €13,255 | €1,847 | -€11,408 | -86.1% |
| Taxes | 450/3 | €13,255 | €1,847 | -€11,408 | -86.1% |
| Other amounts payable | 47/48 | - | €4,703 | +€4,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,616 | - | -€4,616 | |
| Other operating charges | 640/8 | €1,644 | €1,549 | -€95 | -5.8% |
| Gross operating margin | 9900 | €60,393 | €52,626 | -€7,768 | -12.9% |
| Operating profit (loss) | 9901 | €54,133 | €51,077 | -€3,057 | -5.6% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €20 | €44 | +€24 | +123.1% |
| Recurring financial charges | 65 | €20 | €44 | +€24 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | €54,114 | €51,039 | -€3,074 | -5.7% |
| Income taxes | 67/77 | €12,158 | €10,752 | -€1,406 | -11.6% |
| Profit (loss) for the period | 9904 | €41,955 | €40,287 | -€1,668 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,955 | €40,287 | -€1,668 | -4.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.