RED2GREEN: what changed
Two fiscal 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.
RED2GREEN
Largest movements
- Cash -€34,817
down €34,817 (-26.8%), from €130,009 to €95,192
mainly Contributions, distributions and other (-€53,100) and Tax, wage and social debts (-€10,680)
- Receivables within one year +€9,443
up €9,443 (+57.0%), from €16,571 to €26,014
of which Trade receivables: +€9,245
- Reserves -€40,700
down €40,700 (-49.1%), from €82,848 to €42,148
- Other debts +€28,026
up €28,026 (+101.1%), from €27,727 to €55,753
- Tax, wage and social debts -€10,680
down €10,680 (-73.1%), from €14,612 to €3,932
- Trade debts -€2,938
down €2,938 (-60.7%), from €4,837 to €1,899
- Other operating charges -€5,978
down €5,978 (-89.6%), from €6,668 to €690
- Gross operating margin -€5,931
down €5,931 (-23.3%), from €25,436 to €19,505
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 | €149,502 | €123,309 | -€26,193 | -17.5% |
| Fixed assets | 21/28 | €2,923 | €2,103 | -€820 | -28.1% |
| Tangible fixed assets | 22/27 | €2,923 | €2,103 | -€820 | -28.1% |
| Furniture and vehicles | 24 | €2,923 | €2,103 | -€820 | -28.1% |
| Current assets | 29/58 | €146,579 | €121,206 | -€25,373 | -17.3% |
| Amounts receivable within one year | 40/41 | €16,571 | €26,014 | +€9,443 | +57.0% |
| Trade receivables | 40 | €7,104 | €16,348 | +€9,245 | +130.1% |
| Other amounts receivable | 41 | €9,467 | €9,666 | +€199 | +2.1% |
| Cash at bank and in hand | 54/58 | €130,009 | €95,192 | -€34,817 | -26.8% |
| Total equity and liabilities | 10/49 | €149,502 | €123,309 | -€26,193 | -17.5% |
| Equity | 10/15 | €102,326 | €61,725 | -€40,601 | -39.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,848 | €42,148 | -€40,700 | -49.1% |
| Distributable reserves | 133 | €82,848 | €42,148 | -€40,700 | -49.1% |
| Profit (loss) carried forward | 14 | €13,278 | €13,377 | +€99 | +0.7% |
| Amounts payable | 17/49 | €47,176 | €61,584 | +€14,408 | +30.5% |
| Amounts payable within one year | 42/48 | €47,176 | €61,584 | +€14,408 | +30.5% |
| Trade debts | 44 | €4,837 | €1,899 | -€2,938 | -60.7% |
| Suppliers | 440/4 | €4,837 | €1,899 | -€2,938 | -60.7% |
| Taxes, remuneration and social security | 45 | €14,612 | €3,932 | -€10,680 | -73.1% |
| Taxes | 450/3 | €14,612 | €3,932 | -€10,680 | -73.1% |
| Other amounts payable | 47/48 | €27,727 | €55,753 | +€28,026 | +101.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €820 | €820 | = | 0.0% |
| Other operating charges | 640/8 | €6,668 | €690 | -€5,978 | -89.6% |
| Gross operating margin | 9900 | €25,436 | €19,505 | -€5,931 | -23.3% |
| Operating profit (loss) | 9901 | €17,948 | €17,995 | +€47 | +0.3% |
| Financial charges | 65/66B | €319 | €97 | -€222 | -69.5% |
| Recurring financial charges | 65 | €319 | €97 | -€222 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €17,629 | €17,898 | +€269 | +1.5% |
| Income taxes | 67/77 | €5,228 | €5,399 | +€171 | +3.3% |
| Profit (loss) for the period | 9904 | €12,401 | €12,499 | +€98 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,401 | €12,499 | +€98 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.