ACTIV 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.
ACTIV GARDEN
Largest movements
- Stocks and contracts -€16,758
down €16,758 (-45.3%), from €37,025 to €20,267
- Cash -€7,172
down €7,172 (-48.2%), from €14,873 to €7,701
mainly Trade debts (-€31,136) and Other debts (-€14,815)
- Tangible fixed assets -€3,742
down €3,742 (-25.3%), from €14,785 to €11,043
of which Furniture and vehicles: -€2,100
- Receivables within one year +€3,689
up €3,689 (+7.6%), from €48,373 to €52,062
of which Trade receivables: +€10,766
- Trade debts -€31,136
down €31,136 (-77.8%), from €40,023 to €8,887
- Other debts -€14,815
down €14,815 (-70.3%), from €21,060 to €6,245
- Reserves +€12,500
up €12,500 (+159%), from €7,840 to €20,340
of which Distributable reserves: +€12,500
- Accrued charges and deferred income +€8,240
up €8,240 (+87.3%), from €9,435 to €17,675
- Current portion of long-term debt -€2,517
down €2,517 (-10.7%), from €23,500 to €20,983
- Gross operating margin +€18,681
up €18,681 (+25.4%), from €73,619 to €92,300
- Staff costs +€17,212
up €17,212 (+40.5%), from €42,474 to €59,686
- Financial charges -€5,782
down €5,782 (-45.1%), from €12,813 to €7,031
- Taxes +€5,120
new in 2025: €5,120
- Depreciation -€1,870
down €1,870 (-33.3%), from €5,624 to €3,754
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 | €117,641 | €93,658 | -€23,983 | -20.4% |
| Fixed assets | 21/28 | €17,370 | €13,628 | -€3,742 | -21.5% |
| Tangible fixed assets | 22/27 | €14,785 | €11,043 | -€3,742 | -25.3% |
| Plant, machinery and equipment | 23 | €4,373 | €2,731 | -€1,642 | -37.5% |
| Furniture and vehicles | 24 | €10,412 | €8,312 | -€2,100 | -20.2% |
| Financial fixed assets | 28 | €2,585 | €2,585 | = | 0.0% |
| Current assets | 29/58 | €100,271 | €80,030 | -€20,241 | -20.2% |
| Stocks and contracts in progress | 3 | €37,025 | €20,267 | -€16,758 | -45.3% |
| Stocks | 30/36 | €37,025 | €20,267 | -€16,758 | -45.3% |
| Amounts receivable within one year | 40/41 | €48,373 | €52,062 | +€3,689 | +7.6% |
| Trade receivables | 40 | €35,514 | €46,280 | +€10,766 | +30.3% |
| Other amounts receivable | 41 | €12,859 | €5,782 | -€7,077 | -55.0% |
| Cash at bank and in hand | 54/58 | €14,873 | €7,701 | -€7,172 | -48.2% |
| Total equity and liabilities | 10/49 | €117,641 | €93,658 | -€23,983 | -20.4% |
| Equity | 10/15 | €11,942 | €26,364 | +€14,422 | +121% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,840 | €20,340 | +€12,500 | +159% |
| Non-distributable reserves | 130/1 | €916 | €916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €916 | €916 | = | 0.0% |
| Distributable reserves | 133 | €6,924 | €19,424 | +€12,500 | +181% |
| Profit (loss) carried forward | 14 | -€14,498 | -€12,576 | +€1,922 | +13.3% |
| Amounts payable | 17/49 | €105,699 | €67,294 | -€38,405 | -36.3% |
| Amounts payable within one year | 42/48 | €96,264 | €49,619 | -€46,645 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €23,500 | €20,983 | -€2,517 | -10.7% |
| Trade debts | 44 | €40,023 | €8,887 | -€31,136 | -77.8% |
| Suppliers | 440/4 | €40,023 | €8,887 | -€31,136 | -77.8% |
| Taxes, remuneration and social security | 45 | €11,681 | €13,504 | +€1,823 | +15.6% |
| Taxes | 450/3 | €9,391 | €8,198 | -€1,193 | -12.7% |
| Remuneration and social security | 454/9 | €2,290 | €5,306 | +€3,016 | +132% |
| Other amounts payable | 47/48 | €21,060 | €6,245 | -€14,815 | -70.3% |
| Accrued charges and deferred income | 492/3 | €9,435 | €17,675 | +€8,240 | +87.3% |
| Remuneration, social security and pensions | 62 | €42,474 | €59,686 | +€17,212 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €3,754 | -€1,870 | -33.3% |
| Other operating charges | 640/8 | €1,128 | €2,287 | +€1,159 | +103% |
| Gross operating margin | 9900 | €73,619 | €92,300 | +€18,681 | +25.4% |
| Operating profit (loss) | 9901 | €24,393 | €26,573 | +€2,180 | +8.9% |
| Financial charges | 65/66B | €12,813 | €7,031 | -€5,782 | -45.1% |
| Recurring financial charges | 65 | €12,813 | €7,031 | -€5,782 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €11,580 | €19,542 | +€7,962 | +68.8% |
| Income taxes | 67/77 | - | €5,120 | +€5,120 | |
| Profit (loss) for the period | 9904 | €11,580 | €14,422 | +€2,842 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,580 | €14,422 | +€2,842 | +24.5% |
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 14 October 2026 via checked.be.