SO 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.
SO GREEN
Largest movements
- Tangible fixed assets -€20,430
down €20,430 (-18.7%), from €109,046 to €88,616
of which Plant, machinery and equipment: -€26,335
- Cash +€15,294
up €15,294 (+158%), from €9,683 to €24,976
mainly Depreciation (+€28,476) and Net result for the year (+€18,197)
- Receivables within one year -€2,885
down €2,885 (-2.8%), from €102,984 to €100,099
of which Other amounts receivable: -€15,512
- Debts after one year -€34,835
down €34,835 (-80.0%), from €43,538 to €8,703
- Reserves +€18,000
up €18,000 (+40.9%), from €44,000 to €62,000
of which Distributable reserves: +€18,000
- Trade debts +€7,827
up €7,827 (+22.6%), from €34,568 to €42,396
- Gross operating margin +€22,649
up €22,649 (+19.3%), from €117,115 to €139,763
- Write-downs +€19,870
new in 2024: €19,870
- Financial charges +€2,193
up €2,193 (+70.3%), from €3,122 to €5,315
- Staff costs +€1,966
up €1,966 (+3.8%), from €52,331 to €54,297
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,509 | €215,727 | -€8,783 | -3.9% |
| Fixed assets | 21/28 | €109,046 | €88,616 | -€20,430 | -18.7% |
| Tangible fixed assets | 22/27 | €109,046 | €88,616 | -€20,430 | -18.7% |
| Plant, machinery and equipment | 23 | €108,496 | €82,162 | -€26,335 | -24.3% |
| Furniture and vehicles | 24 | €549 | €6,454 | +€5,905 | +1,075% |
| Current assets | 29/58 | €115,464 | €127,111 | +€11,647 | +10.1% |
| Amounts receivable within one year | 40/41 | €102,984 | €100,099 | -€2,885 | -2.8% |
| Trade receivables | 40 | €58,588 | €71,216 | +€12,627 | +21.6% |
| Other amounts receivable | 41 | €44,395 | €28,884 | -€15,512 | -34.9% |
| Cash at bank and in hand | 54/58 | €9,683 | €24,976 | +€15,294 | +158% |
| Deferred charges and accrued income | 490/1 | €2,797 | €2,036 | -€762 | -27.2% |
| Total equity and liabilities | 10/49 | €224,509 | €215,727 | -€8,783 | -3.9% |
| Equity | 10/15 | €73,629 | €91,140 | +€17,511 | +23.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €62,000 | +€18,000 | +40.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €60,000 | +€18,000 | +42.9% |
| Profit (loss) carried forward | 14 | €1,202 | €1,399 | +€197 | +16.4% |
| Investment grants | 15 | €3,427 | €2,741 | -€686 | -20.0% |
| Amounts payable | 17/49 | €150,881 | €124,587 | -€26,293 | -17.4% |
| Amounts payable after more than one year | 17 | €43,538 | €8,703 | -€34,835 | -80.0% |
| Financial debts | 170/4 | €43,538 | €8,703 | -€34,835 | -80.0% |
| Amounts payable within one year | 42/48 | €106,410 | €115,417 | +€9,007 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €34,859 | €34,835 | -€24 | -0.1% |
| Financial debts | 43 | €4,768 | €5,446 | +€678 | +14.2% |
| Credit institutions | 430/8 | €4,768 | €5,446 | +€678 | +14.2% |
| Trade debts | 44 | €34,568 | €42,396 | +€7,827 | +22.6% |
| Suppliers | 440/4 | €34,568 | €42,396 | +€7,827 | +22.6% |
| Taxes, remuneration and social security | 45 | €32,215 | €32,740 | +€525 | +1.6% |
| Taxes | 450/3 | €21,791 | €23,594 | +€1,802 | +8.3% |
| Remuneration and social security | 454/9 | €10,424 | €9,146 | -€1,277 | -12.3% |
| Accrued charges and deferred income | 492/3 | €932 | €468 | -€465 | -49.8% |
| Remuneration, social security and pensions | 62 | €52,331 | €54,297 | +€1,966 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,356 | €28,476 | +€1,120 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,870 | +€19,870 | |
| Other operating charges | 640/8 | €2,657 | €2,713 | +€57 | +2.1% |
| Gross operating margin | 9900 | €117,115 | €139,763 | +€22,649 | +19.3% |
| Operating profit (loss) | 9901 | €34,771 | €34,407 | -€364 | -1.0% |
| Financial income | 75/76B | €696 | €842 | +€146 | +21.0% |
| Recurring financial income | 75 | €696 | €842 | +€146 | +21.0% |
| Financial charges | 65/66B | €3,122 | €5,315 | +€2,193 | +70.3% |
| Recurring financial charges | 65 | €3,122 | €5,315 | +€2,193 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €32,346 | €29,935 | -€2,411 | -7.5% |
| Income taxes | 67/77 | €10,899 | €11,738 | +€839 | +7.7% |
| Profit (loss) for the period | 9904 | €21,447 | €18,197 | -€3,250 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,447 | €18,197 | -€3,250 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.