Vert de Gris: 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.
Vert de Gris
Largest movements
- Receivables within one year -€9,335
down €9,335 (-44.9%), from €20,802 to €11,467
of which Other amounts receivable: -€9,000
- Receivables after one year +€7,335
up €7,335 (+12.7%), from €57,572 to €64,907
- Tangible fixed assets -€3,471
down €3,471 (-13.2%), from €26,291 to €22,819
of which Land and buildings: -€3,190
- Deferred charges and accrued income -€2,687
down €2,687 (-13.6%), from €19,713 to €17,026
- Debts after one year -€4,893
down €4,893 (-30.0%), from €16,309 to €11,415
- Trade debts +€4,656
up €4,656 (+743.7%), from €626 to €5,282
- Current portion of long-term debt -€4,384
down €4,384 (-47.3%), from €9,277 to €4,893
- Tax, wage and social debts -€2,999
down €2,999 (-25.2%), from €11,887 to €8,888
- Profit (loss) carried forward -€1,494
down €1,494 (-6.8%), from €21,978 to €20,484
- Gross operating margin -€16,013
down €16,013 (-84.8%), from €18,885 to €2,872
- Taxes -€3,685
down €3,685 (-70.3%), from €5,239 to €1,554
- Financial income +€1,930
up €1,930 (+137.7%), from €1,402 to €3,332
From the 31-12-2024 result to the 31-12-2025 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,420 | €116,262 | -€8,158 | -6.6% |
| Fixed assets | 21/28 | €26,334 | €22,863 | -€3,471 | -13.2% |
| Tangible fixed assets | 22/27 | €26,291 | €22,819 | -€3,471 | -13.2% |
| Land and buildings | 22 | €26,009 | €22,819 | -€3,190 | -12.3% |
| Furniture and vehicles | 24 | €281 | €0 | -€281 | -100.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €98,086 | €93,400 | -€4,686 | -4.8% |
| Amounts receivable after more than one year | 29 | €57,572 | €64,907 | +€7,335 | +12.7% |
| Other amounts receivable | 291 | €57,572 | €64,907 | +€7,335 | +12.7% |
| Amounts receivable within one year | 40/41 | €20,802 | €11,467 | -€9,335 | -44.9% |
| Trade receivables | 40 | €11,802 | €11,467 | -€335 | -2.8% |
| Other amounts receivable | 41 | €9,000 | €0 | -€9,000 | -100.0% |
| Deferred charges and accrued income | 490/1 | €19,713 | €17,026 | -€2,687 | -13.6% |
| Total equity and liabilities | 10/49 | €124,420 | €116,262 | -€8,158 | -6.6% |
| Equity | 10/15 | €84,822 | €83,328 | -€1,494 | -1.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €48,584 | €48,584 | = | 0.0% |
| Distributable reserves | 133 | €48,584 | €48,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,978 | €20,484 | -€1,494 | -6.8% |
| Amounts payable | 17/49 | €39,598 | €32,934 | -€6,664 | -16.8% |
| Amounts payable after more than one year | 17 | €16,309 | €11,415 | -€4,893 | -30.0% |
| Financial debts | 170/4 | €16,309 | €11,415 | -€4,893 | -30.0% |
| Amounts payable within one year | 42/48 | €23,290 | €21,519 | -€1,771 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €9,277 | €4,893 | -€4,384 | -47.3% |
| Financial debts | 43 | €997 | €2,456 | +€1,459 | +146.4% |
| Credit institutions | 430/8 | €997 | €2,456 | +€1,459 | +146.4% |
| Trade debts | 44 | €626 | €5,282 | +€4,656 | +743.7% |
| Suppliers | 440/4 | €626 | €5,282 | +€4,656 | +743.7% |
| Taxes, remuneration and social security | 45 | €11,887 | €8,888 | -€2,999 | -25.2% |
| Taxes | 450/3 | €11,887 | €8,888 | -€2,999 | -25.2% |
| Other amounts payable | 47/48 | €503 | €0 | -€503 | -100.0% |
| Non-recurring operating income | 76A | €1,410 | €0 | -€1,410 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,650 | €3,471 | -€179 | -4.9% |
| Other operating charges | 640/8 | €1,218 | €1,214 | -€5 | -0.4% |
| Gross operating margin | 9900 | €18,885 | €2,872 | -€16,013 | -84.8% |
| Operating profit (loss) | 9901 | €14,017 | -€1,813 | -€15,830 | |
| Financial income | 75/76B | €1,402 | €3,332 | +€1,930 | +137.7% |
| Recurring financial income | 75 | €1,402 | €3,332 | +€1,930 | +137.7% |
| Financial charges | 65/66B | €1,644 | €1,458 | -€186 | -11.3% |
| Recurring financial charges | 65 | €1,644 | €1,458 | -€186 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €13,774 | €60 | -€13,714 | -99.6% |
| Income taxes | 67/77 | €5,239 | €1,554 | -€3,685 | -70.3% |
| Profit (loss) for the period | 9904 | €8,535 | -€1,494 | -€10,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,535 | -€1,494 | -€10,029 |
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 7 October 2026 via checked.be.