The Greenwave.be: what changed
What changed
The Greenwave.be
filed annual accounts (NBB)
Net result for the year
€8,501
2024 · -€10,573+€19,075
Equity
€182,522
2024 · €174,021+€8,501
Cash
€2
2024 · €571-€568
Balance sheet total
€265,989
2024 · €288,311-€22,321
Largest movements
Assets
- Receivables within one year -€10,764
down €10,764 (-98.8%), from €10,890 to €126
of which Trade receivables: -€10,890
- Tangible fixed assets -€10,500
down €10,500 (-3.8%), from €276,362 to €265,861
of which Land and buildings: -€8,706
Equity and liabilities
- Debts after one year -€32,502
down €32,502 (-47.3%), from €68,766 to €36,263
- Profit (loss) carried forward +€8,501
up €8,501 (+8.6%), from €98,692 to €107,194
- Other debts +€6,463
up €6,463 (+83.8%), from €7,714 to €14,177
- Tax, wage and social debts -€5,309
down €5,309 (-94.9%), from €5,592 to €283
Income statement
- Gross operating margin +€10,527
up €10,527 (+87.2%), from €12,074 to €22,601
- Financial charges -€740
down €740 (-27.1%), from €2,728 to €1,989
- Depreciation -€546
down €546 (-5.3%), from €10,346 to €9,800
- Other operating charges +€311
up €311 (+15.9%), from €1,952 to €2,263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,573
Gross operating margin
+€10,527
Depreciation
+€546
Other operating charges
-€311
Other operating items
+€7,386
Financial income
-€0
Financial charges
+€740
Taxes
+€187
Result 2025
€8,501
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€30,576
Investment
+€700
Financing
-€31,845
Cash 2024
€571
From operations (derived)
+€30,576
Net result for the year
+€8,501
Depreciation
+€9,800
Receivables within one year
+€10,764
Deferred charges and accrued income
+€488
Trade debts
-€132
Tax, wage and social debts
-€5,309
Other debts
+€6,463
Investment (derived)
+€700
Investment in fixed assets (net)
+€700
Financing
-€31,845
Debts after one year
-€32,502
Current portion of long-term debt
+€658
Cash 2025
€2
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,311 | €265,989 | -€22,321 | -7.7% |
| Fixed assets | 21/28 | €276,362 | €265,861 | -€10,500 | -3.8% |
| Tangible fixed assets | 22/27 | €276,362 | €265,861 | -€10,500 | -3.8% |
| Land and buildings | 22 | €273,562 | €264,857 | -€8,706 | -3.2% |
| Plant, machinery and equipment | 23 | €607 | €0 | -€607 | -100% |
| Furniture and vehicles | 24 | €1,492 | €1,004 | -€488 | -32.7% |
| Other tangible fixed assets | 26 | €700 | €0 | -€700 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €11,949 | €128 | -€11,821 | -98.9% |
| Amounts receivable within one year | 40/41 | €10,890 | €126 | -€10,764 | -98.8% |
| Trade receivables | 40 | €10,890 | €0 | -€10,890 | -100% |
| Other amounts receivable | 41 | €0 | €126 | +€126 | |
| Cash at bank and in hand | 54/58 | €571 | €2 | -€568 | -99.6% |
| Deferred charges and accrued income | 490/1 | €488 | €0 | -€488 | -100% |
| Total equity and liabilities | 10/49 | €288,311 | €265,989 | -€22,321 | -7.7% |
| Equity | 10/15 | €174,021 | €182,522 | +€8,501 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,729 | €56,729 | = | 0.0% |
| Distributable reserves | 133 | €56,729 | €56,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,692 | €107,194 | +€8,501 | +8.6% |
| Amounts payable | 17/49 | €114,290 | €83,467 | -€30,823 | -27.0% |
| Amounts payable after more than one year | 17 | €68,766 | €36,263 | -€32,502 | -47.3% |
| Financial debts | 170/4 | €68,766 | €36,263 | -€32,502 | -47.3% |
| Amounts payable within one year | 42/48 | €45,524 | €47,204 | +€1,680 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €31,845 | €32,502 | +€658 | +2.1% |
| Trade debts | 44 | €374 | €242 | -€132 | -35.3% |
| Suppliers | 440/4 | €374 | €242 | -€132 | -35.3% |
| Taxes, remuneration and social security | 45 | €5,592 | €283 | -€5,309 | -94.9% |
| Taxes | 450/3 | €5,592 | €283 | -€5,309 | -94.9% |
| Other amounts payable | 47/48 | €7,714 | €14,177 | +€6,463 | +83.8% |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,346 | €9,800 | -€546 | -5.3% |
| Other operating charges | 640/8 | €1,952 | €2,263 | +€311 | +15.9% |
| Non-recurring operating charges | 66A | €7,386 | €0 | -€7,386 | -100% |
| Gross operating margin | 9900 | €12,074 | €22,601 | +€10,527 | +87.2% |
| Operating profit (loss) | 9901 | -€7,610 | €10,538 | +€18,148 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,728 | €1,989 | -€740 | -27.1% |
| Recurring financial charges | 65 | €2,728 | €1,989 | -€740 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,338 | €8,549 | +€18,887 | |
| Income taxes | 67/77 | €235 | €48 | -€187 | -79.7% |
| Profit (loss) for the period | 9904 | -€10,573 | €8,501 | +€19,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,573 | €8,501 | +€19,075 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.