GREENCOACH: 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.
GREENCOACH
Largest movements
- Tangible fixed assets +€23,184
up €23,184 (+15.0%), from €154,616 to €177,799
of which Furniture and vehicles: +€23,331
- Cash +€9,506
up €9,506 (+16.9%), from €56,278 to €65,783
mainly Net result for the year (+€22,051) and Receivables within one year (+€5,951)
- Receivables within one year -€5,951
down €5,951 (-63.6%), from €9,353 to €3,402
of which Trade receivables: -€4,050
- Reserves +€22,051
up €22,051 (+11.1%), from €198,210 to €220,261
of which Distributable reserves: +€22,051
- Tax, wage and social debts +€4,921
up €4,921 (+417%), from €1,180 to €6,101
- Gross operating margin +€20,501
up €20,501 (+184%), from €11,113 to €31,613
- Depreciation -€5,687
down €5,687 (-69.0%), from €8,243 to €2,555
- Taxes +€4,922
up €4,922 (+417%), from €1,180 to €6,102
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 | €220,247 | €246,985 | +€26,738 | +12.1% |
| Fixed assets | 21/28 | €154,616 | €177,799 | +€23,184 | +15.0% |
| Tangible fixed assets | 22/27 | €154,616 | €177,799 | +€23,184 | +15.0% |
| Land and buildings | 22 | €147,062 | €146,831 | -€231 | -0.2% |
| Plant, machinery and equipment | 23 | €3,593 | €3,677 | +€84 | +2.3% |
| Furniture and vehicles | 24 | €3,960 | €27,291 | +€23,331 | +589% |
| Current assets | 29/58 | €65,631 | €69,186 | +€3,555 | +5.4% |
| Amounts receivable within one year | 40/41 | €9,353 | €3,402 | -€5,951 | -63.6% |
| Trade receivables | 40 | €5,700 | €1,650 | -€4,050 | -71.1% |
| Other amounts receivable | 41 | €3,653 | €1,752 | -€1,901 | -52.0% |
| Cash at bank and in hand | 54/58 | €56,278 | €65,783 | +€9,506 | +16.9% |
| Total equity and liabilities | 10/49 | €220,247 | €246,985 | +€26,738 | +12.1% |
| Equity | 10/15 | €216,810 | €238,861 | +€22,051 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,210 | €220,261 | +€22,051 | +11.1% |
| Tax-exempt reserves | 132 | €870 | €870 | = | 0.0% |
| Distributable reserves | 133 | €197,340 | €219,391 | +€22,051 | +11.2% |
| Amounts payable | 17/49 | €3,436 | €8,124 | +€4,687 | +136% |
| Amounts payable within one year | 42/48 | €3,436 | €8,124 | +€4,687 | +136% |
| Trade debts | 44 | €2,256 | €2,023 | -€234 | -10.4% |
| Suppliers | 440/4 | €2,256 | €2,023 | -€234 | -10.4% |
| Taxes, remuneration and social security | 45 | €1,180 | €6,101 | +€4,921 | +417% |
| Taxes | 450/3 | €1,180 | €6,101 | +€4,921 | +417% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,243 | €2,555 | -€5,687 | -69.0% |
| Other operating charges | 640/8 | €796 | €793 | -€4 | -0.4% |
| Gross operating margin | 9900 | €11,113 | €31,613 | +€20,501 | +184% |
| Operating profit (loss) | 9901 | €2,074 | €28,265 | +€26,192 | +1,263% |
| Financial income | 75/76B | €108 | €146 | +€38 | +35.2% |
| Recurring financial income | 75 | €108 | €146 | +€38 | +35.2% |
| Financial charges | 65/66B | €221 | €259 | +€38 | +17.3% |
| Recurring financial charges | 65 | €221 | €259 | +€38 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,961 | €28,153 | +€26,192 | +1,335% |
| Income taxes | 67/77 | €1,180 | €6,102 | +€4,922 | +417% |
| Profit (loss) for the period | 9904 | €781 | €22,051 | +€21,270 | +2,723% |
| Profit (loss) for the period to be appropriated | 9905 | €781 | €22,051 | +€21,270 | +2,723% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.