GROUP VERT: 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.
GROUP VERT
Largest movements
- Cash -€26,455
down €26,455 (-96.3%), from €27,469 to €1,014
mainly Trade debts (-€16,895) and Other debts (-€9,195)
- Receivables within one year +€4,120
up €4,120 (+20.9%), from €19,714 to €23,834
of which Trade receivables: +€4,307
- Tangible fixed assets -€2,083
down €2,083 (-62.3%), from €3,345 to €1,262
- Deferred charges and accrued income -€1,682
no longer reported in 2025 (was €1,682)
- Trade debts -€16,895
down €16,895 (-89.5%), from €18,880 to €1,985
- Other debts -€9,195
no longer reported in 2025 (was €9,195)
- Profit (loss) carried forward -€1,375
down €1,375 (-21.4%), from €6,431 to €5,056
- Tax, wage and social debts +€1,365
up €1,365 (+3,250%), from €42 to €1,407
- Gross operating margin +€3,204
up €3,204 (+60.7%), from €5,278 to €8,482
- Taxes +€1,008
up €1,008 (+154%), from €656 to €1,664
- Financial charges -€883
down €883 (-15.4%), from €5,743 to €4,860
- Other operating charges -€427
down €427 (-25.5%), from €1,677 to €1,250
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.
Derived cash bridge
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 | €53,401 | €27,301 | -€26,100 | -48.9% |
| Fixed assets | 21/28 | €4,536 | €2,453 | -€2,083 | -45.9% |
| Tangible fixed assets | 22/27 | €3,345 | €1,262 | -€2,083 | -62.3% |
| Furniture and vehicles | 24 | €3,345 | €1,262 | -€2,083 | -62.3% |
| Financial fixed assets | 28 | €1,191 | €1,191 | = | 0.0% |
| Current assets | 29/58 | €48,865 | €24,848 | -€24,017 | -49.1% |
| Amounts receivable within one year | 40/41 | €19,714 | €23,834 | +€4,120 | +20.9% |
| Trade receivables | 40 | €19,376 | €23,683 | +€4,307 | +22.2% |
| Other amounts receivable | 41 | €338 | €151 | -€187 | -55.3% |
| Cash at bank and in hand | 54/58 | €27,469 | €1,014 | -€26,455 | -96.3% |
| Deferred charges and accrued income | 490/1 | €1,682 | - | -€1,682 | |
| Total equity and liabilities | 10/49 | €53,401 | €27,301 | -€26,100 | -48.9% |
| Equity | 10/15 | €25,284 | €23,909 | -€1,375 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253 | €253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64 | €64 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64 | €64 | = | 0.0% |
| Distributable reserves | 133 | €189 | €189 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,431 | €5,056 | -€1,375 | -21.4% |
| Amounts payable | 17/49 | €28,117 | €3,392 | -€24,725 | -87.9% |
| Amounts payable within one year | 42/48 | €28,117 | €3,392 | -€24,725 | -87.9% |
| Trade debts | 44 | €18,880 | €1,985 | -€16,895 | -89.5% |
| Suppliers | 440/4 | €18,880 | €1,985 | -€16,895 | -89.5% |
| Taxes, remuneration and social security | 45 | €42 | €1,407 | +€1,365 | +3,250% |
| Taxes | 450/3 | €42 | €1,407 | +€1,365 | +3,250% |
| Other amounts payable | 47/48 | €9,195 | - | -€9,195 | |
| Non-recurring operating income | 76A | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €2,083 | = | 0.0% |
| Other operating charges | 640/8 | €1,677 | €1,250 | -€427 | -25.5% |
| Gross operating margin | 9900 | €5,278 | €8,482 | +€3,204 | +60.7% |
| Operating profit (loss) | 9901 | €1,518 | €5,149 | +€3,631 | +239% |
| Financial charges | 65/66B | €5,743 | €4,860 | -€883 | -15.4% |
| Recurring financial charges | 65 | €5,743 | €4,860 | -€883 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,225 | €289 | +€4,514 | |
| Income taxes | 67/77 | €656 | €1,664 | +€1,008 | +154% |
| Profit (loss) for the period | 9904 | -€4,881 | -€1,375 | +€3,506 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,881 | -€1,375 | +€3,506 | +71.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.