K-GREEN: 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.
K-GREEN
Largest movements
- Cash +€37,459
up €37,459 (+241%), from €15,530 to €52,989
mainly Tax, wage and social debts (+€11,350) and Investment in fixed assets (net) (+€9,866)
- Tangible fixed assets -€18,378
down €18,378 (-41.8%), from €43,987 to €25,609
of which Furniture and vehicles: -€16,356
- Receivables within one year -€3,707
down €3,707 (-21.5%), from €17,270 to €13,563
of which Trade receivables: -€3,641
- Tax, wage and social debts +€11,350
up €11,350 (+11,350%), from €100 to €11,450
of which Taxes: +€10,686
- Debts after one year -€10,110
down €10,110 (-14.0%), from €72,041 to €61,931
- Trade debts +€8,315
up €8,315 (+296%), from €2,807 to €11,122
- Profit (loss) carried forward +€6,772
up €6,772 (+32.8%), from -€20,671 to -€13,899
- Other debts -€1,327
down €1,327 (-16.7%), from €7,966 to €6,639
- Depreciation -€9,916
down €9,916 (-53.8%), from €18,428 to €8,512
- Staff costs +€2,380
new in 2025: €2,380
- Other operating charges +€1,673
up €1,673 (+253%), from €660 to €2,333
- Financial charges +€734
up €734 (+37.2%), from €1,971 to €2,704
- Taxes +€631
new in 2025: €631
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 | €78,917 | €93,531 | +€14,614 | +18.5% |
| Fixed assets | 21/28 | €43,987 | €25,609 | -€18,378 | -41.8% |
| Tangible fixed assets | 22/27 | €43,987 | €25,609 | -€18,378 | -41.8% |
| Plant, machinery and equipment | 23 | €12,565 | €10,543 | -€2,022 | -16.1% |
| Furniture and vehicles | 24 | €31,422 | €15,066 | -€16,356 | -52.1% |
| Current assets | 29/58 | €34,930 | €67,922 | +€32,992 | +94.5% |
| Stocks and contracts in progress | 3 | €2,130 | €1,370 | -€760 | -35.7% |
| Stocks | 30/36 | €2,130 | €1,370 | -€760 | -35.7% |
| Amounts receivable within one year | 40/41 | €17,270 | €13,563 | -€3,707 | -21.5% |
| Trade receivables | 40 | €17,204 | €13,563 | -€3,641 | -21.2% |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €15,530 | €52,989 | +€37,459 | +241% |
| Total equity and liabilities | 10/49 | €78,917 | €93,531 | +€14,614 | +18.5% |
| Equity | 10/15 | -€14,471 | -€7,699 | +€6,772 | +46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,671 | -€13,899 | +€6,772 | +32.8% |
| Amounts payable | 17/49 | €93,388 | €101,230 | +€7,842 | +8.4% |
| Amounts payable after more than one year | 17 | €72,041 | €61,931 | -€10,110 | -14.0% |
| Financial debts | 170/4 | €72,041 | €61,931 | -€10,110 | -14.0% |
| Amounts payable within one year | 42/48 | €21,346 | €39,299 | +€17,952 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €10,473 | €10,088 | -€385 | -3.7% |
| Trade debts | 44 | €2,807 | €11,122 | +€8,315 | +296% |
| Suppliers | 440/4 | €2,807 | €11,122 | +€8,315 | +296% |
| Taxes, remuneration and social security | 45 | €100 | €11,450 | +€11,350 | +11,350% |
| Taxes | 450/3 | €100 | €10,786 | +€10,686 | +10,686% |
| Remuneration and social security | 454/9 | - | €663 | +€663 | |
| Other amounts payable | 47/48 | €7,966 | €6,639 | -€1,327 | -16.7% |
| Remuneration, social security and pensions | 62 | - | €2,380 | +€2,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,428 | €8,512 | -€9,916 | -53.8% |
| Other operating charges | 640/8 | €660 | €2,333 | +€1,673 | +253% |
| Gross operating margin | 9900 | €23,492 | €23,331 | -€161 | -0.7% |
| Operating profit (loss) | 9901 | €4,404 | €10,106 | +€5,702 | +129% |
| Financial income | 75/76B | €0 | €1 | +€0 | +56.8% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +56.8% |
| Financial charges | 65/66B | €1,971 | €2,704 | +€734 | +37.2% |
| Recurring financial charges | 65 | €1,971 | €2,704 | +€734 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €2,434 | €7,402 | +€4,968 | +204% |
| Income taxes | 67/77 | - | €631 | +€631 | |
| Profit (loss) for the period | 9904 | €2,434 | €6,772 | +€4,338 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €2,434 | €6,772 | +€4,338 | +178% |
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 15 October 2026 via checked.be.