GRNRG: 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.
GRNRG
Largest movements
- Intangible fixed assets +€94,710
up €94,710 (+7707.7%), from €1,229 to €95,939
- Cash -€86,990
down €86,990 (-80.1%), from €108,609 to €21,619
mainly Investment in fixed assets (net) (-€98,648) and Net result for the year (-€5,727)
- Stocks and contracts -€16,311
down €16,311 (-84.5%), from €19,299 to €2,988
- Tangible fixed assets +€3,407
new in 2025: €3,407
- Receivables within one year +€2,202
up €2,202 (+29.8%), from €7,393 to €9,595
of which Other amounts receivable: +€5,925
- Profit (loss) carried forward -€5,727
down €5,727 (-8.6%), from -€66,378 to -€72,105
- Trade debts +€4,614
up €4,614 (+137.9%), from €3,346 to €7,960
- Gross operating margin +€37,726
up €37,726 (+89.2%), from -€42,301 to -€4,575
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 | €138,131 | €135,857 | -€2,274 | -1.6% |
| Fixed assets | 21/28 | €1,229 | €99,346 | +€98,117 | +7985.0% |
| Intangible fixed assets | 21 | €1,229 | €95,939 | +€94,710 | +7707.7% |
| Tangible fixed assets | 22/27 | - | €3,407 | +€3,407 | |
| Furniture and vehicles | 24 | - | €3,407 | +€3,407 | |
| Current assets | 29/58 | €136,902 | €36,511 | -€100,391 | -73.3% |
| Stocks and contracts in progress | 3 | €19,299 | €2,988 | -€16,311 | -84.5% |
| Stocks | 30/36 | €19,299 | €2,988 | -€16,311 | -84.5% |
| Amounts receivable within one year | 40/41 | €7,393 | €9,595 | +€2,202 | +29.8% |
| Trade receivables | 40 | €7,050 | €3,328 | -€3,722 | -52.8% |
| Other amounts receivable | 41 | €343 | €6,268 | +€5,925 | +1728.7% |
| Cash at bank and in hand | 54/58 | €108,609 | €21,619 | -€86,990 | -80.1% |
| Deferred charges and accrued income | 490/1 | €1,601 | €2,308 | +€707 | +44.2% |
| Total equity and liabilities | 10/49 | €138,131 | €135,857 | -€2,274 | -1.6% |
| Equity | 10/15 | €133,624 | €127,897 | -€5,727 | -4.3% |
| Contributions | 10/11 | €200,002 | €200,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,378 | -€72,105 | -€5,727 | -8.6% |
| Amounts payable | 17/49 | €4,506 | €7,960 | +€3,454 | +76.6% |
| Amounts payable within one year | 42/48 | €4,506 | €7,960 | +€3,454 | +76.6% |
| Trade debts | 44 | €3,346 | €7,960 | +€4,614 | +137.9% |
| Suppliers | 440/4 | €3,346 | €7,960 | +€4,614 | +137.9% |
| Other amounts payable | 47/48 | €1,161 | €0 | -€1,161 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €531 | +€260 | +95.7% |
| Other operating charges | 640/8 | €762 | €707 | -€55 | -7.2% |
| Gross operating margin | 9900 | -€42,301 | -€4,575 | +€37,726 | +89.2% |
| Operating profit (loss) | 9901 | -€43,335 | -€5,813 | +€37,521 | +86.6% |
| Financial income | 75/76B | €163 | €276 | +€113 | +69.5% |
| Recurring financial income | 75 | €163 | €276 | +€113 | +69.5% |
| Financial charges | 65/66B | €192 | €190 | -€2 | -0.9% |
| Recurring financial charges | 65 | €192 | €190 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,364 | -€5,727 | +€37,636 | +86.8% |
| Profit (loss) for the period | 9904 | -€43,364 | -€5,727 | +€37,636 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,364 | -€5,727 | +€37,636 | +86.8% |
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 9 October 2026 via checked.be.