GREENFORCE: what changed
What changed
GREENFORCE
NACE 82.200, Office administrative, office support and other business support activities
filed annual accounts (NBB)
Net result for the year
-€158,681
2024 · €10,988-€169,669
Equity
€61,239
2024 · €219,920-€158,681
Cash
€5,715
2024 · €5,317+€399
Balance sheet total
€1.7m
2024 · €1.8m-€191,201
Largest movements
Assets
- Receivables within one year -€126,586
down €126,586 (-16.3%), from €775,218 to €648,632
of which Other amounts receivable: -€338,941
- Tangible fixed assets -€57,338
down €57,338 (-5.4%), from €1.1m to €1.0m
of which Leasing and similar rights: -€34,021
Equity and liabilities
- Debts after one year -€184,452
down €184,452 (-17.2%), from €1.1m to €886,736
- Other debts +€162,685
up €162,685 (+251%), from €64,830 to €227,515
- Profit (loss) carried forward -€158,681
new in 2025: -€158,681
- Trade debts -€120,681
down €120,681 (-35.1%), from €344,286 to €223,606
- Current portion of long-term debt +€77,274
up €77,274 (+72.1%), from €107,177 to €184,452
Income statement
- Gross operating margin -€233,046
down €233,046 (-65.7%), from €354,739 to €121,693
- Financial charges -€23,733
down €23,733 (-22.7%), from €104,367 to €80,633
- Staff costs -€21,040
down €21,040 (-13.0%), from €161,434 to €140,394
- Other operating charges -€17,089
down €17,089 (-89.4%), from €19,105 to €2,016
- Taxes -€6,993
no longer reported in 2025 (was €6,993)
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
€10,988
Gross operating margin
-€233,046
Staff costs
+€21,040
Depreciation
-€5,484
Other operating charges
+€17,089
Financial income
+€7
Financial charges
+€23,733
Taxes
+€6,993
Result 2025
-€158,681
raises the resultlowers the result
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
+€107,576
Investment
€0
Financing
-€107,177
Cash 2024
€5,317
From operations (derived)
+€107,576
Net result for the year
-€158,681
Depreciation
+€57,338
Stocks and contracts
+€2,813
Receivables within one year
+€126,586
Deferred charges and accrued income
+€4,862
Trade debts
-€120,681
Tax, wage and social debts
+€32,653
Other debts
+€162,685
Financing
-€107,177
Debts after one year
-€184,452
Current portion of long-term debt
+€77,274
Cash 2025
€5,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,238 | €1,656,037 | -€191,201 | -10.4% |
| Fixed assets | 21/28 | €1,059,028 | €1,001,689 | -€57,338 | -5.4% |
| Tangible fixed assets | 22/27 | €1,059,028 | €1,001,689 | -€57,338 | -5.4% |
| Land and buildings | 22 | €913,801 | €891,493 | -€22,308 | -2.4% |
| Furniture and vehicles | 24 | €3,659 | €2,649 | -€1,009 | -27.6% |
| Leasing and similar rights | 25 | €141,567 | €107,547 | -€34,021 | -24.0% |
| Current assets | 29/58 | €788,210 | €654,348 | -€133,863 | -17.0% |
| Stocks and contracts in progress | 3 | €2,813 | - | -€2,813 | |
| Stocks | 30/36 | €2,813 | - | -€2,813 | |
| Amounts receivable within one year | 40/41 | €775,218 | €648,632 | -€126,586 | -16.3% |
| Trade receivables | 40 | €187,290 | €399,645 | +€212,355 | +113% |
| Other amounts receivable | 41 | €587,928 | €248,988 | -€338,941 | -57.6% |
| Cash at bank and in hand | 54/58 | €5,317 | €5,715 | +€399 | +7.5% |
| Deferred charges and accrued income | 490/1 | €4,862 | - | -€4,862 | |
| Total equity and liabilities | 10/49 | €1,847,238 | €1,656,037 | -€191,201 | -10.4% |
| Equity | 10/15 | €219,920 | €61,239 | -€158,681 | -72.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €214,920 | €214,920 | = | 0.0% |
| Distributable reserves | 133 | €214,920 | €214,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€158,681 | -€158,681 | |
| Amounts payable | 17/49 | €1,627,318 | €1,594,798 | -€32,520 | -2.0% |
| Amounts payable after more than one year | 17 | €1,071,188 | €886,736 | -€184,452 | -17.2% |
| Financial debts | 170/4 | €1,071,188 | €886,736 | -€184,452 | -17.2% |
| Amounts payable within one year | 42/48 | €556,130 | €708,062 | +€151,931 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €107,177 | €184,452 | +€77,274 | +72.1% |
| Trade debts | 44 | €344,286 | €223,606 | -€120,681 | -35.1% |
| Suppliers | 440/4 | €344,286 | €223,606 | -€120,681 | -35.1% |
| Taxes, remuneration and social security | 45 | €39,837 | €72,489 | +€32,653 | +82.0% |
| Taxes | 450/3 | €7,773 | €6,993 | -€780 | -10.0% |
| Remuneration and social security | 454/9 | €32,064 | €65,496 | +€33,433 | +104% |
| Other amounts payable | 47/48 | €64,830 | €227,515 | +€162,685 | +251% |
| Remuneration, social security and pensions | 62 | €161,434 | €140,394 | -€21,040 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,854 | €57,338 | +€5,484 | +10.6% |
| Other operating charges | 640/8 | €19,105 | €2,016 | -€17,089 | -89.4% |
| Gross operating margin | 9900 | €354,739 | €121,693 | -€233,046 | -65.7% |
| Operating profit (loss) | 9901 | €122,346 | -€78,056 | -€200,401 | |
| Financial income | 75/76B | €2 | €8 | +€7 | +417% |
| Recurring financial income | 75 | €2 | €8 | +€7 | +417% |
| Financial charges | 65/66B | €104,367 | €80,633 | -€23,733 | -22.7% |
| Recurring financial charges | 65 | €104,367 | €80,633 | -€23,733 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €17,981 | -€158,681 | -€176,662 | |
| Income taxes | 67/77 | €6,993 | - | -€6,993 | |
| Profit (loss) for the period | 9904 | €10,988 | -€158,681 | -€169,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,988 | -€158,681 | -€169,669 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.