Pôle GREENWIN: 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.
Pôle GREENWIN
Largest movements
- Receivables within one year -€462,646
down €462,646 (-57.2%), from €809,342 to €346,696
of which Other amounts receivable: -€273,356
- Cash -€369,489
down €369,489 (-24.8%), from €1.5m to €1.1m
mainly Debts within one year (-€1.2m) and Stocks and contracts (-€262,005)
- Stocks and contracts +€262,005
up €262,005 (+17.4%), from €1.5m to €1.8m
- Debts within one year -€1.2m
down €1.2m (-41.7%), from €2.8m to €1.6m
of which Advances received: -€1.1m
- Accrued charges and deferred income +€584,976
up €584,976 (+395.5%), from €147,896 to €732,873
- Staff costs -€41,407
down €41,407 (-3.1%), from €1.4m to €1.3m
- Other operating charges +€26,589
up €26,589 (+814.6%), from €3,264 to €29,853
- Gross operating margin +€14,204
up €14,204 (+1.1%), from €1.3m to €1.3m
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 | €3,819,031 | €3,234,499 | -€584,532 | -15.3% |
| Fixed assets | 21/28 | €16,870 | €2,300 | -€14,570 | -86.4% |
| Tangible fixed assets | 22/27 | €8,722 | - | -€8,722 | |
| Furniture and vehicles | 24 | €8,722 | - | -€8,722 | |
| Financial fixed assets | 28 | €8,148 | €2,300 | -€5,848 | -71.8% |
| Current assets | 29/58 | €3,802,161 | €3,232,199 | -€569,962 | -15.0% |
| Stocks and contracts in progress | 3 | €1,502,223 | €1,764,229 | +€262,005 | +17.4% |
| Contracts in progress | 37 | €1,502,223 | €1,764,229 | +€262,005 | +17.4% |
| Amounts receivable within one year | 40/41 | €809,342 | €346,696 | -€462,646 | -57.2% |
| Trade receivables | 40 | €291,979 | €102,689 | -€189,290 | -64.8% |
| Other amounts receivable | 41 | €517,362 | €244,007 | -€273,356 | -52.8% |
| Cash at bank and in hand | 54/58 | €1,490,596 | €1,121,107 | -€369,489 | -24.8% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €3,819,031 | €3,234,499 | -€584,532 | -15.3% |
| Equity | 10/15 | €845,440 | €847,715 | +€2,275 | +0.3% |
| Reserves | 13 | €845,440 | €845,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,275 | +€2,275 | |
| Provisions and deferred taxes | 16 | €56,808 | €38,702 | -€18,106 | -31.9% |
| Provisions for liabilities and charges | 160/5 | €56,808 | €38,702 | -€18,106 | -31.9% |
| Other liabilities and charges | 164/5 | €56,808 | €38,702 | -€18,106 | -31.9% |
| Amounts payable | 17/49 | €2,916,783 | €2,348,082 | -€568,701 | -19.5% |
| Amounts payable within one year | 42/48 | €2,768,886 | €1,615,209 | -€1.2m | -41.7% |
| Financial debts | 43 | €59 | - | -€59 | |
| Credit institutions | 430/8 | €59 | - | -€59 | |
| Trade debts | 44 | €138,899 | €128,540 | -€10,360 | -7.5% |
| Suppliers | 440/4 | €138,899 | €128,540 | -€10,360 | -7.5% |
| Advances received on contracts in progress | 46 | €2,391,449 | €1,275,316 | -€1.1m | -46.7% |
| Taxes, remuneration and social security | 45 | €225,413 | €198,251 | -€27,162 | -12.0% |
| Taxes | 450/3 | €45,623 | €44,856 | -€767 | -1.7% |
| Remuneration and social security | 454/9 | €179,790 | €153,395 | -€26,395 | -14.7% |
| Accrued charges and deferred income | 492/3 | €147,896 | €732,873 | +€584,976 | +395.5% |
| Remuneration, social security and pensions | 62 | €1,350,473 | €1,309,066 | -€41,407 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,321 | - | -€11,321 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,034 | €8,934 | -€5,099 | -36.3% |
| Other operating charges | 640/8 | €3,264 | €29,853 | +€26,589 | +814.6% |
| Gross operating margin | 9900 | €1,311,945 | €1,326,149 | +€14,204 | +1.1% |
| Operating profit (loss) | 9901 | €7,272 | -€3,598 | -€10,870 | |
| Financial income | 75/76B | €160 | €11,486 | +€11,326 | +7086.3% |
| Recurring financial income | 75 | €160 | €11,486 | +€11,326 | +7086.3% |
| Financial charges | 65/66B | €2,411 | €2,485 | +€74 | +3.1% |
| Recurring financial charges | 65 | €2,411 | €2,485 | +€74 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €5,021 | €5,403 | +€382 | +7.6% |
| Income taxes | 67/77 | -€289 | €3,128 | +€3,417 | |
| Profit (loss) for the period | 9904 | €5,310 | €2,275 | -€3,035 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,310 | €2,275 | -€3,035 | -57.2% |
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 12 October 2026 via checked.be.