AS 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.
AS GARDEN
Largest movements
- Receivables within one year -€4,432
down €4,432 (-19.4%), from €22,808 to €18,376
of which Other amounts receivable: -€3,554
- Cash -€2,863
down €2,863 (-92.6%), from €3,090 to €227
mainly Investment in fixed assets (net) (-€9,132) and Debts after one year (-€4,722)
- Tangible fixed assets +€1,148
up €1,148 (+6.5%), from €17,798 to €18,946
of which Leasing and similar rights: +€8,841
- Debts after one year -€4,722
down €4,722 (-46.7%), from €10,100 to €5,378
- Trade debts +€4,486
up €4,486 (+51.4%), from €8,723 to €13,209
- Tax, wage and social debts -€2,305
down €2,305 (-19.1%), from €12,047 to €9,741
of which Taxes: -€2,305
- Profit (loss) carried forward -€1,771
down €1,771 (-37.1%), from €4,770 to €2,999
- Current portion of long-term debt -€1,002
down €1,002 (-17.5%), from €5,724 to €4,722
- Gross operating margin -€3,494
down €3,494 (-22.2%), from €15,749 to €12,256
- Other operating charges +€2,838
up €2,838 (+2,226%), from €128 to €2,965
- Depreciation +€1,675
up €1,675 (+26.6%), from €6,309 to €7,984
- Taxes -€917
down €917 (-60.6%), from €1,514 to €597
- Financial charges +€285
up €285 (+13.0%), from €2,196 to €2,481
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 | €43,697 | €37,550 | -€6,147 | -14.1% |
| Fixed assets | 21/28 | €17,798 | €18,946 | +€1,148 | +6.5% |
| Tangible fixed assets | 22/27 | €17,798 | €18,946 | +€1,148 | +6.5% |
| Plant, machinery and equipment | 23 | €4,104 | €2,289 | -€1,815 | -44.2% |
| Furniture and vehicles | 24 | €13,694 | €7,816 | -€5,879 | -42.9% |
| Leasing and similar rights | 25 | - | €8,841 | +€8,841 | |
| Current assets | 29/58 | €25,899 | €18,603 | -€7,295 | -28.2% |
| Amounts receivable within one year | 40/41 | €22,808 | €18,376 | -€4,432 | -19.4% |
| Trade receivables | 40 | €12,601 | €11,723 | -€879 | -7.0% |
| Other amounts receivable | 41 | €10,207 | €6,653 | -€3,554 | -34.8% |
| Cash at bank and in hand | 54/58 | €3,090 | €227 | -€2,863 | -92.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €43,697 | €37,550 | -€6,147 | -14.1% |
| Equity | 10/15 | €6,270 | €4,499 | -€1,771 | -28.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,770 | €2,999 | -€1,771 | -37.1% |
| Amounts payable | 17/49 | €37,427 | €33,050 | -€4,376 | -11.7% |
| Amounts payable after more than one year | 17 | €10,100 | €5,378 | -€4,722 | -46.7% |
| Financial debts | 170/4 | €10,100 | €5,378 | -€4,722 | -46.7% |
| Amounts payable within one year | 42/48 | €27,327 | €27,672 | +€345 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,724 | €4,722 | -€1,002 | -17.5% |
| Trade debts | 44 | €8,723 | €13,209 | +€4,486 | +51.4% |
| Suppliers | 440/4 | €8,723 | €13,209 | +€4,486 | +51.4% |
| Taxes, remuneration and social security | 45 | €12,047 | €9,741 | -€2,305 | -19.1% |
| Taxes | 450/3 | €12,047 | €9,741 | -€2,305 | -19.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,309 | €7,984 | +€1,675 | +26.6% |
| Other operating charges | 640/8 | €128 | €2,965 | +€2,838 | +2,226% |
| Gross operating margin | 9900 | €15,749 | €12,256 | -€3,494 | -22.2% |
| Operating profit (loss) | 9901 | €9,313 | €1,306 | -€8,007 | -86.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,196 | €2,481 | +€285 | +13.0% |
| Recurring financial charges | 65 | €2,196 | €2,481 | +€285 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €7,117 | -€1,174 | -€8,291 | |
| Income taxes | 67/77 | €1,514 | €597 | -€917 | -60.6% |
| Profit (loss) for the period | 9904 | €5,603 | -€1,771 | -€7,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,603 | -€1,771 | -€7,374 |
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 30 October 2026 via checked.be.