AB GARDEN: 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.
AB GARDEN
Largest movements
- Cash -€56,551
down €56,551 (-93.3%), from €60,643 to €4,093
mainly Receivables within one year (-€28,713) and Trade debts (-€15,592)
- Receivables within one year +€28,713
up €28,713 (+127%), from €22,593 to €51,306
of which Trade receivables: +€30,506
- Tangible fixed assets -€9,502
down €9,502 (-24.3%), from €39,049 to €29,548
of which Plant, machinery and equipment: -€5,579
- Stocks and contracts +€4,597
up €4,597 (+6.3%), from €72,904 to €77,501
- Trade debts -€15,592
down €15,592 (-80.4%), from €19,403 to €3,811
- Tax, wage and social debts -€12,799
down €12,799 (-57.4%), from €22,314 to €9,515
of which Remuneration and social security: -€10,711
- Reserves +€4,900
up €4,900 (+10.9%), from €45,000 to €49,900
- Current portion of long-term debt -€4,647
no longer reported in 2025 (was €4,647)
- Other debts -€3,800
down €3,800 (-5.8%), from €65,253 to €61,453
- Gross operating margin -€24,271
down €24,271 (-27.0%), from €89,954 to €65,683
- Taxes -€5,692
down €5,692 (-75.5%), from €7,541 to €1,850
- Financial charges +€3,202
up €3,202 (+126%), from €2,537 to €5,739
- Financial income +€2,382
up €2,382 (+3,652%), from €65 to €2,447
- Staff costs +€1,011
up €1,011 (+2.6%), from €39,117 to €40,128
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 | €202,008 | €170,104 | -€31,904 | -15.8% |
| Fixed assets | 21/28 | €43,762 | €35,973 | -€7,789 | -17.8% |
| Intangible fixed assets | 21 | €1,113 | €2,826 | +€1,713 | +154% |
| Tangible fixed assets | 22/27 | €39,049 | €29,548 | -€9,502 | -24.3% |
| Plant, machinery and equipment | 23 | €27,862 | €22,283 | -€5,579 | -20.0% |
| Furniture and vehicles | 24 | €11,187 | €7,264 | -€3,923 | -35.1% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €158,245 | €134,130 | -€24,115 | -15.2% |
| Stocks and contracts in progress | 3 | €72,904 | €77,501 | +€4,597 | +6.3% |
| Stocks | 30/36 | €72,904 | €77,501 | +€4,597 | +6.3% |
| Amounts receivable within one year | 40/41 | €22,593 | €51,306 | +€28,713 | +127% |
| Trade receivables | 40 | €9,351 | €39,857 | +€30,506 | +326% |
| Other amounts receivable | 41 | €13,242 | €11,449 | -€1,793 | -13.5% |
| Cash at bank and in hand | 54/58 | €60,643 | €4,093 | -€56,551 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,105 | €1,231 | -€874 | -41.5% |
| Total equity and liabilities | 10/49 | €202,008 | €170,104 | -€31,904 | -15.8% |
| Equity | 10/15 | €90,391 | €95,324 | +€4,933 | +5.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €49,900 | +€4,900 | +10.9% |
| Distributable reserves | 133 | €45,000 | €49,900 | +€4,900 | +10.9% |
| Profit (loss) carried forward | 14 | €391 | €424 | +€33 | +8.5% |
| Amounts payable | 17/49 | €111,617 | €74,779 | -€36,837 | -33.0% |
| Amounts payable within one year | 42/48 | €111,617 | €74,779 | -€36,837 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €4,647 | - | -€4,647 | |
| Trade debts | 44 | €19,403 | €3,811 | -€15,592 | -80.4% |
| Suppliers | 440/4 | €19,403 | €3,811 | -€15,592 | -80.4% |
| Taxes, remuneration and social security | 45 | €22,314 | €9,515 | -€12,799 | -57.4% |
| Taxes | 450/3 | €7,062 | €4,975 | -€2,088 | -29.6% |
| Remuneration and social security | 454/9 | €15,252 | €4,540 | -€10,711 | -70.2% |
| Other amounts payable | 47/48 | €65,253 | €61,453 | -€3,800 | -5.8% |
| Remuneration, social security and pensions | 62 | €39,117 | €40,128 | +€1,011 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,937 | €15,099 | -€837 | -5.3% |
| Other operating charges | 640/8 | €493 | €381 | -€113 | -22.8% |
| Gross operating margin | 9900 | €89,954 | €65,683 | -€24,271 | -27.0% |
| Operating profit (loss) | 9901 | €34,407 | €10,075 | -€24,332 | -70.7% |
| Financial income | 75/76B | €65 | €2,447 | +€2,382 | +3,652% |
| Recurring financial income | 75 | €65 | €2,447 | +€2,382 | +3,652% |
| Financial charges | 65/66B | €2,537 | €5,739 | +€3,202 | +126% |
| Recurring financial charges | 65 | €2,537 | €5,739 | +€3,202 | +126% |
| Profit (loss) for the period before taxes | 9903 | €31,936 | €6,783 | -€25,153 | -78.8% |
| Income taxes | 67/77 | €7,541 | €1,850 | -€5,692 | -75.5% |
| Profit (loss) for the period | 9904 | €24,394 | €4,933 | -€19,461 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,394 | €4,933 | -€19,461 | -79.8% |
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 20 October 2026 via checked.be.