OLD GREENWICH: 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.
OLD GREENWICH
Largest movements
- Receivables within one year +€44,828
up €44,828 (+68.1%), from €65,827 to €110,655
of which Other amounts receivable: +€32,220
- Cash -€20,689
down €20,689 (-70.4%), from €29,399 to €8,710
mainly Receivables within one year (-€44,828) and Trade debts (-€21,496)
- Reserves +€22,337
up €22,337 (+128%), from €17,509 to €39,846
- Trade debts -€21,496
down €21,496 (-51.1%), from €42,063 to €20,567
- Accrued charges and deferred income +€12,888
new in 2025: €12,888
- Short-term financial debts +€11,774
up €11,774 (+307%), from €3,839 to €15,613
- Tax, wage and social debts -€3,286
down €3,286 (-32.7%), from €10,052 to €6,767
- Gross operating margin +€9,595
up €9,595 (+32.5%), from €29,567 to €39,162
- Taxes +€3,237
up €3,237 (+32.3%), from €10,020 to €13,257
- Other operating charges +€1,861
up €1,861 (+63.1%), from €2,951 to €4,812
- Financial income +€1,126
up €1,126 (+35.0%), from €3,216 to €4,342
- Financial charges -€782
down €782 (-26.3%), from €2,979 to €2,197
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 | €100,949 | €123,167 | +€22,218 | +22.0% |
| Fixed assets | 21/28 | €4,578 | €3,676 | -€902 | -19.7% |
| Tangible fixed assets | 22/27 | €4,578 | €3,676 | -€902 | -19.7% |
| Furniture and vehicles | 24 | €1,227 | €811 | -€416 | -33.9% |
| Other tangible fixed assets | 26 | €3,351 | €2,865 | -€486 | -14.5% |
| Current assets | 29/58 | €96,371 | €119,491 | +€23,120 | +24.0% |
| Amounts receivable within one year | 40/41 | €65,827 | €110,655 | +€44,828 | +68.1% |
| Trade receivables | 40 | €6,286 | €18,895 | +€12,609 | +201% |
| Other amounts receivable | 41 | €59,541 | €91,760 | +€32,220 | +54.1% |
| Cash at bank and in hand | 54/58 | €29,399 | €8,710 | -€20,689 | -70.4% |
| Deferred charges and accrued income | 490/1 | €1,145 | €125 | -€1,020 | -89.0% |
| Total equity and liabilities | 10/49 | €100,949 | €123,167 | +€22,218 | +22.0% |
| Equity | 10/15 | €44,996 | €67,332 | +€22,337 | +49.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,509 | €39,846 | +€22,337 | +128% |
| Distributable reserves | 133 | €17,509 | €39,846 | +€22,337 | +128% |
| Profit (loss) carried forward | 14 | €21,286 | €21,286 | = | 0.0% |
| Amounts payable | 17/49 | €55,954 | €55,835 | -€119 | -0.2% |
| Amounts payable within one year | 42/48 | €55,954 | €42,947 | -€13,007 | -23.2% |
| Financial debts | 43 | €3,839 | €15,613 | +€11,774 | +307% |
| Credit institutions | 430/8 | €3,839 | €15,613 | +€11,774 | +307% |
| Trade debts | 44 | €42,063 | €20,567 | -€21,496 | -51.1% |
| Suppliers | 440/4 | €42,063 | €20,567 | -€21,496 | -51.1% |
| Taxes, remuneration and social security | 45 | €10,052 | €6,767 | -€3,286 | -32.7% |
| Taxes | 450/3 | €10,052 | €6,767 | -€3,286 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €12,888 | +€12,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €902 | -€281 | -23.8% |
| Other operating charges | 640/8 | €2,951 | €4,812 | +€1,861 | +63.1% |
| Gross operating margin | 9900 | €29,567 | €39,162 | +€9,595 | +32.5% |
| Operating profit (loss) | 9901 | €25,433 | €33,448 | +€8,015 | +31.5% |
| Financial income | 75/76B | €3,216 | €4,342 | +€1,126 | +35.0% |
| Recurring financial income | 75 | €3,216 | €4,342 | +€1,126 | +35.0% |
| Financial charges | 65/66B | €2,979 | €2,197 | -€782 | -26.3% |
| Recurring financial charges | 65 | €2,979 | €2,197 | -€782 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €25,670 | €35,593 | +€9,924 | +38.7% |
| Income taxes | 67/77 | €10,020 | €13,257 | +€3,237 | +32.3% |
| Profit (loss) for the period | 9904 | €15,649 | €22,337 | +€6,687 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,649 | €22,337 | +€6,687 | +42.7% |
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 20 October 2026 via checked.be.