Groen Licht: what changed
What changed
Groen Licht
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€12,407
2024 · -€39,367+€51,774
Equity
€53,209
2024 · €40,803+€12,407
Cash
€14,903
2024 · €4,907+€9,995
Balance sheet total
€235,469
2024 · €270,177-€34,709
Largest movements
Assets
- Stocks and contracts -€46,859
down €46,859 (-57.4%), from €81,694 to €34,835
- Cash +€9,995
up €9,995 (+204%), from €4,907 to €14,903
mainly Stocks and contracts (+€46,859) and Depreciation (+€14,673)
- Receivables within one year +€3,903
up €3,903 (+861%), from €453 to €4,357
of which Trade receivables: +€4,136
Equity and liabilities
- Debts after one year -€32,785
down €32,785 (-28.2%), from €116,348 to €83,562
- Profit (loss) carried forward +€12,407
up €12,407 (+19.9%), from -€62,323 to -€49,917
- Current portion of long-term debt -€7,817
down €7,817 (-19.9%), from €39,320 to €31,503
- Advances received -€6,350
no longer reported in 2025 (was €6,350)
- Trade debts -€4,593
down €4,593 (-51.3%), from €8,959 to €4,366
Income statement
- Gross operating margin +€55,247
up €55,247, from -€19,921 to €35,325
- Depreciation +€2,252
up €2,252 (+18.1%), from €12,421 to €14,673
- Financial income -€375
down €375 (-99.9%), from €376 to €0
- Staff costs +€364
up €364 (+273%), from €133 to €498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€39,367
Gross operating margin
+€55,247
Staff costs
-€364
Depreciation
-€2,252
Other operating charges
-€165
Financial income
-€375
Financial charges
-€317
Result 2025
€12,407
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,839
Investment
-€13,241
Financing
-€40,603
Cash 2024
€4,907
From operations (derived)
+€63,839
Net result for the year
+€12,407
Depreciation
+€14,673
Stocks and contracts
+€46,859
Receivables within one year
-€3,903
Deferred charges and accrued income
+€317
Trade debts
-€4,593
Tax, wage and social debts
+€317
Advances received
-€6,350
Other debts
+€4,114
Investment (derived)
-€13,241
Investment in fixed assets (net)
-€13,241
Financing
-€40,603
Debts after one year
-€32,785
Current portion of long-term debt
-€7,817
Cash 2025
€14,903
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,177 | €235,469 | -€34,709 | -12.8% |
| Fixed assets | 21/28 | €182,806 | €181,374 | -€1,432 | -0.8% |
| Tangible fixed assets | 22/27 | €182,806 | €181,374 | -€1,432 | -0.8% |
| Land and buildings | 22 | €168,396 | €162,100 | -€6,297 | -3.7% |
| Plant, machinery and equipment | 23 | €12,233 | €18,246 | +€6,013 | +49.2% |
| Furniture and vehicles | 24 | €2,177 | €1,028 | -€1,148 | -52.8% |
| Current assets | 29/58 | €87,371 | €54,095 | -€33,277 | -38.1% |
| Stocks and contracts in progress | 3 | €81,694 | €34,835 | -€46,859 | -57.4% |
| Stocks | 30/36 | €81,694 | €34,835 | -€46,859 | -57.4% |
| Amounts receivable within one year | 40/41 | €453 | €4,357 | +€3,903 | +861% |
| Trade receivables | 40 | - | €4,136 | +€4,136 | |
| Other amounts receivable | 41 | €453 | €221 | -€233 | -51.3% |
| Cash at bank and in hand | 54/58 | €4,907 | €14,903 | +€9,995 | +204% |
| Deferred charges and accrued income | 490/1 | €317 | - | -€317 | |
| Total equity and liabilities | 10/49 | €270,177 | €235,469 | -€34,709 | -12.8% |
| Equity | 10/15 | €40,803 | €53,209 | +€12,407 | +30.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €23,126 | €23,126 | = | 0.0% |
| Distributable reserves | 133 | €23,126 | €23,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,323 | -€49,917 | +€12,407 | +19.9% |
| Amounts payable | 17/49 | €229,375 | €182,259 | -€47,115 | -20.5% |
| Amounts payable after more than one year | 17 | €116,348 | €83,562 | -€32,785 | -28.2% |
| Financial debts | 170/4 | €116,348 | €83,562 | -€32,785 | -28.2% |
| Amounts payable within one year | 42/48 | €113,027 | €98,697 | -€14,330 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €39,320 | €31,503 | -€7,817 | -19.9% |
| Trade debts | 44 | €8,959 | €4,366 | -€4,593 | -51.3% |
| Suppliers | 440/4 | €8,959 | €4,366 | -€4,593 | -51.3% |
| Advances received on contracts in progress | 46 | €6,350 | - | -€6,350 | |
| Taxes, remuneration and social security | 45 | €10,827 | €11,145 | +€317 | +2.9% |
| Taxes | 450/3 | €10,827 | €11,145 | +€317 | +2.9% |
| Other amounts payable | 47/48 | €47,570 | €51,684 | +€4,114 | +8.6% |
| Remuneration, social security and pensions | 62 | €133 | €498 | +€364 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,421 | €14,673 | +€2,252 | +18.1% |
| Other operating charges | 640/8 | €2,551 | €2,715 | +€165 | +6.5% |
| Gross operating margin | 9900 | -€19,921 | €35,325 | +€55,247 | |
| Operating profit (loss) | 9901 | -€35,026 | €17,439 | +€52,466 | |
| Financial income | 75/76B | €376 | €0 | -€375 | -99.9% |
| Recurring financial income | 75 | €376 | €0 | -€375 | -99.9% |
| Financial charges | 65/66B | €4,716 | €5,033 | +€317 | +6.7% |
| Recurring financial charges | 65 | €4,716 | €5,033 | +€317 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,367 | €12,407 | +€51,774 | |
| Profit (loss) for the period | 9904 | -€39,367 | €12,407 | +€51,774 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,367 | €12,407 | +€51,774 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.