The Green Cocoon: 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.
The Green Cocoon
Largest movements
- Receivables within one year +€46,979
up €46,979 (+54.0%), from €87,063 to €134,042
- Intangible fixed assets -€30,000
down €30,000 (-28.6%), from €105,000 to €75,000
- Cash -€24,186
down €24,186 (-58.7%), from €41,226 to €17,040
mainly Receivables within one year (-€46,979) and Trade debts (-€30,743)
- Tangible fixed assets -€18,725
down €18,725 (-21.7%), from €86,168 to €67,442
of which Furniture and vehicles: -€12,010
- Stocks and contracts -€12,998
down €12,998 (-3.9%), from €337,456 to €324,457
- Trade debts -€30,743
down €30,743 (-94.2%), from €32,651 to €1,908
- Profit (loss) carried forward -€10,667
down €10,667 (-61.4%), from -€17,374 to -€28,041
- Gross operating margin +€27,680
up €27,680 (+20.8%), from €133,105 to €160,785
- Depreciation +€11,657
up €11,657 (+31.1%), from €37,525 to €49,182
- Staff costs +€7,709
up €7,709 (+6.8%), from €114,014 to €121,724
- Financial income -€1,863
down €1,863 (-42.0%), from €4,437 to €2,573
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 | €657,063 | €618,131 | -€38,931 | -5.9% |
| Fixed assets | 21/28 | €191,318 | €142,592 | -€48,725 | -25.5% |
| Intangible fixed assets | 21 | €105,000 | €75,000 | -€30,000 | -28.6% |
| Tangible fixed assets | 22/27 | €86,168 | €67,442 | -€18,725 | -21.7% |
| Plant, machinery and equipment | 23 | €27,322 | €20,607 | -€6,715 | -24.6% |
| Furniture and vehicles | 24 | €58,845 | €46,835 | -€12,010 | -20.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €465,745 | €475,539 | +€9,794 | +2.1% |
| Stocks and contracts in progress | 3 | €337,456 | €324,457 | -€12,998 | -3.9% |
| Stocks | 30/36 | €337,456 | €324,457 | -€12,998 | -3.9% |
| Amounts receivable within one year | 40/41 | €87,063 | €134,042 | +€46,979 | +54.0% |
| Trade receivables | 40 | €87,063 | €134,042 | +€46,979 | +54.0% |
| Cash at bank and in hand | 54/58 | €41,226 | €17,040 | -€24,186 | -58.7% |
| Total equity and liabilities | 10/49 | €657,063 | €618,131 | -€38,931 | -5.9% |
| Equity | 10/15 | €3,086 | -€7,581 | -€10,667 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,374 | -€28,041 | -€10,667 | -61.4% |
| Amounts payable | 17/49 | €653,976 | €625,713 | -€28,264 | -4.3% |
| Amounts payable within one year | 42/48 | €653,976 | €625,713 | -€28,264 | -4.3% |
| Trade debts | 44 | €32,651 | €1,908 | -€30,743 | -94.2% |
| Suppliers | 440/4 | €32,651 | €1,908 | -€30,743 | -94.2% |
| Taxes, remuneration and social security | 45 | €12,114 | €10,038 | -€2,076 | -17.1% |
| Taxes | 450/3 | - | €551 | +€551 | |
| Remuneration and social security | 454/9 | €12,114 | €9,487 | -€2,627 | -21.7% |
| Other amounts payable | 47/48 | €609,212 | €613,767 | +€4,555 | +0.7% |
| Non-recurring operating income | 76A | - | €5,955 | +€5,955 | |
| Remuneration, social security and pensions | 62 | €114,014 | €121,724 | +€7,709 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,525 | €49,182 | +€11,657 | +31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €249 | - | -€249 | |
| Other operating charges | 640/8 | €563 | €536 | -€27 | -4.8% |
| Gross operating margin | 9900 | €133,105 | €160,785 | +€27,680 | +20.8% |
| Operating profit (loss) | 9901 | -€19,246 | -€10,656 | +€8,589 | +44.6% |
| Financial income | 75/76B | €4,437 | €2,573 | -€1,863 | -42.0% |
| Recurring financial income | 75 | €4,437 | €2,573 | -€1,863 | -42.0% |
| Financial charges | 65/66B | €3,390 | €2,417 | -€973 | -28.7% |
| Recurring financial charges | 65 | €3,028 | €2,417 | -€611 | -20.2% |
| Non-recurring financial charges | 66B | €362 | - | -€362 | |
| Profit (loss) for the period before taxes | 9903 | -€18,199 | -€10,500 | +€7,699 | +42.3% |
| Income taxes | 67/77 | €157 | €167 | +€10 | +6.6% |
| Profit (loss) for the period | 9904 | -€18,356 | -€10,667 | +€7,689 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,356 | -€10,667 | +€7,689 | +41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.