TB Greenprojects: 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.
TB Greenprojects
Largest movements
- Receivables within one year +€21,303
up €21,303 (+8.0%), from €267,507 to €288,810
of which Other amounts receivable: +€21,303
- Debts after one year -€81,171
down €81,171 (-70.4%), from €115,351 to €34,180
- Profit (loss) carried forward +€71,017
up €71,017 (+23.2%), from €305,549 to €376,566
- Advances received +€22,385
new in 2025: €22,385
- Gross operating margin -€17,445
down €17,445 (-16.5%), from €105,816 to €88,371
- Taxes -€4,370
down €4,370 (-14.7%), from €29,733 to €25,362
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 | €871,770 | €877,367 | +€5,597 | +0.6% |
| Fixed assets | 21/28 | €560,853 | €557,513 | -€3,339 | -0.6% |
| Tangible fixed assets | 22/27 | €12,388 | €9,048 | -€3,339 | -27.0% |
| Furniture and vehicles | 24 | €12,388 | €9,048 | -€3,339 | -27.0% |
| Financial fixed assets | 28 | €548,465 | €548,465 | = | 0.0% |
| Current assets | 29/58 | €310,917 | €319,854 | +€8,936 | +2.9% |
| Amounts receivable within one year | 40/41 | €267,507 | €288,810 | +€21,303 | +8.0% |
| Trade receivables | 40 | €3,057 | €3,057 | = | 0.0% |
| Other amounts receivable | 41 | €264,450 | €285,752 | +€21,303 | +8.1% |
| Cash at bank and in hand | 54/58 | €30,745 | €22,166 | -€8,579 | -27.9% |
| Deferred charges and accrued income | 490/1 | €12,666 | €8,878 | -€3,788 | -29.9% |
| Total equity and liabilities | 10/49 | €871,770 | €877,367 | +€5,597 | +0.6% |
| Equity | 10/15 | €634,856 | €705,873 | +€71,017 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,707 | €310,707 | = | 0.0% |
| Distributable reserves | 133 | €310,707 | €310,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,549 | €376,566 | +€71,017 | +23.2% |
| Amounts payable | 17/49 | €236,914 | €171,494 | -€65,420 | -27.6% |
| Amounts payable after more than one year | 17 | €115,351 | €34,180 | -€81,171 | -70.4% |
| Financial debts | 170/4 | €115,351 | €34,180 | -€81,171 | -70.4% |
| Amounts payable within one year | 42/48 | €121,312 | €137,163 | +€15,850 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €103,067 | €94,968 | -€8,099 | -7.9% |
| Trade debts | 44 | €3,304 | €4,696 | +€1,392 | +42.1% |
| Suppliers | 440/4 | €3,304 | €4,696 | +€1,392 | +42.1% |
| Advances received on contracts in progress | 46 | - | €22,385 | +€22,385 | |
| Taxes, remuneration and social security | 45 | €14,941 | €15,113 | +€172 | +1.2% |
| Taxes | 450/3 | €14,941 | €15,113 | +€172 | +1.2% |
| Accrued charges and deferred income | 492/3 | €251 | €152 | -€99 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €3,339 | = | 0.0% |
| Other operating charges | 640/8 | €2,334 | €1,710 | -€625 | -26.8% |
| Gross operating margin | 9900 | €105,816 | €88,371 | -€17,445 | -16.5% |
| Operating profit (loss) | 9901 | €100,143 | €83,323 | -€16,820 | -16.8% |
| Financial income | 75/76B | €19,592 | €18,665 | -€927 | -4.7% |
| Recurring financial income | 75 | €19,592 | €18,665 | -€927 | -4.7% |
| Financial charges | 65/66B | €6,444 | €5,608 | -€836 | -13.0% |
| Recurring financial charges | 65 | €6,444 | €5,608 | -€836 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €113,291 | €96,380 | -€16,911 | -14.9% |
| Income taxes | 67/77 | €29,733 | €25,362 | -€4,370 | -14.7% |
| Profit (loss) for the period | 9904 | €83,558 | €71,017 | -€12,541 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,558 | €71,017 | -€12,541 | -15.0% |
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 6 October 2026 via checked.be.