THE GREEN CORNER: 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 CORNER
Largest movements
- Cash +€1.6m
up €1.6m (+48.5%), from €3.3m to €4.9m
mainly Current portion of long-term debt (+€12.6m) and Depreciation (+€1.2m)
- Tangible fixed assets -€1.2m
down €1.2m (-4.0%), from €29.1m to €28.0m
- Debts after one year -€12.6m
down €12.6m (-48.1%), from €26.2m to €13.6m
of which Financial debts: -€12.6m
- Current portion of long-term debt +€12.6m
new in 2026: €12.6m
- Gross operating margin +€94,948
up €94,948 (+4.4%), from €2.2m to €2.2m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,053,589 | €33,478,680 | +€425,090 | +1.3% |
| Formation expenses | 20 | €40,454 | €18,355 | -€22,099 | -54.6% |
| Fixed assets | 21/28 | €29,141,426 | €27,975,769 | -€1.2m | -4.0% |
| Tangible fixed assets | 22/27 | €29,141,426 | €27,975,769 | -€1.2m | -4.0% |
| Other tangible fixed assets | 26 | €29,141,426 | €27,975,769 | -€1.2m | -4.0% |
| Current assets | 29/58 | €3,871,710 | €5,484,556 | +€1.6m | +41.7% |
| Amounts receivable within one year | 40/41 | €1,708 | €88,715 | +€87,007 | +5094.1% |
| Other amounts receivable | 41 | €1,708 | €88,715 | +€87,007 | +5094.1% |
| Cash at bank and in hand | 54/58 | €3,331,039 | €4,945,494 | +€1.6m | +48.5% |
| Deferred charges and accrued income | 490/1 | €538,962 | €450,346 | -€88,616 | -16.4% |
| Total equity and liabilities | 10/49 | €33,053,589 | €33,478,680 | +€425,090 | +1.3% |
| Equity | 10/15 | €4,496,367 | €4,846,608 | +€350,241 | +7.8% |
| Contributions | 10/11 | €3,840,944 | €3,840,944 | = | 0.0% |
| Capital | 10 | €3,840,944 | €3,840,944 | = | 0.0% |
| Issued capital | 100 | €3,840,944 | €3,840,944 | = | 0.0% |
| Reserves | 13 | €54,236 | €71,748 | +€17,512 | +32.3% |
| Non-distributable reserves | 130/1 | €54,236 | €71,748 | +€17,512 | +32.3% |
| Legal reserve | 130 | €54,236 | €71,748 | +€17,512 | +32.3% |
| Profit (loss) carried forward | 14 | €601,187 | €933,916 | +€332,729 | +55.3% |
| Amounts payable | 17/49 | €28,557,223 | €28,632,072 | +€74,849 | +0.3% |
| Amounts payable after more than one year | 17 | €26,200,000 | €13,600,000 | -€12.6m | -48.1% |
| Financial debts | 170/4 | €12,600,000 | - | -€12.6m | |
| Other amounts payable | 178/9 | €13,600,000 | €13,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,806 | €12,730,167 | +€12.6m | +10798.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,600,000 | +€12.6m | |
| Trade debts | 44 | €87,957 | €101,318 | +€13,361 | +15.2% |
| Suppliers | 440/4 | €87,957 | €101,318 | +€13,361 | +15.2% |
| Other amounts payable | 47/48 | €28,849 | €28,849 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,240,417 | €2,301,905 | +€61,488 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,187,756 | €1,187,756 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €2,152,565 | €2,247,512 | +€94,948 | +4.4% |
| Operating profit (loss) | 9901 | €963,841 | €1,058,758 | +€94,917 | +9.8% |
| Financial charges | 65/66B | €708,850 | €708,517 | -€333 | 0.0% |
| Recurring financial charges | 65 | €708,850 | €708,517 | -€333 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €254,992 | €350,241 | +€95,250 | +37.4% |
| Profit (loss) for the period | 9904 | €254,992 | €350,241 | +€95,250 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €254,992 | €350,241 | +€95,250 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.