AVEVE WAREGEM: what changed
Two fiscal 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.
What changed
AVEVE WAREGEM
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€83,571
2024 · €15,907+€67,664
Equity
€474,715
2024 · €391,144+€83,571
Cash
€84,259
2024 · €79,260+€4,999
Balance sheet total
€2.9m
2024 · €3.0m-€95,576
Largest movements
Assets
- Tangible fixed assets -€117,096
down €117,096 (-5.2%), from €2.3m to €2.1m
Equity and liabilities
- Debts after one year -€215,886
down €215,886 (-13.2%), from €1.6m to €1.4m
- Reserves +€83,571
up €83,571 (+25.4%), from €329,144 to €412,715
of which Distributable reserves: +€83,571
- Current portion of long-term debt +€32,879
up €32,879 (+17.1%), from €191,927 to €224,807
Income statement
- Gross operating margin +€99,567
up €99,567 (+19.6%), from €508,371 to €607,937
- Taxes +€27,886
up €27,886 (+1471.5%), from €1,895 to €29,781
- Staff costs +€18,093
up €18,093 (+7.3%), from €246,852 to €264,945
- Depreciation -€9,531
down €9,531 (-5.9%), from €161,391 to €151,860
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.
Result 2024
€15,907
Gross operating margin
+€99,567
Staff costs
-€18,093
Depreciation
+€9,531
Other operating charges
-€71
Financial income
-€355
Financial charges
+€4,971
Taxes
-€27,886
Result 2025
€83,571
Cash bridge derived
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.
From operations
+€222,769
Investment
-€34,764
Financing
-€183,007
Cash 2024
€79,260
From operations (derived)
+€222,769
Net result for the year
+€83,571
Depreciation
+€151,860
Stocks and contracts
-€28,530
Receivables within one year
+€16,798
Deferred charges and accrued income
-€4,789
Trade debts
-€4,451
Tax, wage and social debts
+€20,070
Advances received
-€3,029
Other debts
-€12,457
Accrued charges and deferred income
+€3,727
Investment (derived)
-€34,764
Investment in fixed assets (net)
-€34,764
Financing
-€183,007
Debts after one year
-€215,886
Current portion of long-term debt
+€32,879
Cash 2025
€84,259
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,008,066 | €2,912,490 | -€95,576 | -3.2% |
| Fixed assets | 21/28 | €2,262,583 | €2,145,487 | -€117,096 | -5.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,262,583 | €2,145,487 | -€117,096 | -5.2% |
| Land and buildings | 22 | €1,492,014 | €1,441,910 | -€50,104 | -3.4% |
| Plant, machinery and equipment | 23 | €530,838 | €473,765 | -€57,073 | -10.8% |
| Furniture and vehicles | 24 | €74,038 | €64,642 | -€9,396 | -12.7% |
| Other tangible fixed assets | 26 | €165,693 | €165,170 | -€523 | -0.3% |
| Current assets | 29/58 | €745,482 | €767,003 | +€21,520 | +2.9% |
| Stocks and contracts in progress | 3 | €599,465 | €627,996 | +€28,530 | +4.8% |
| Stocks | 30/36 | €599,465 | €627,996 | +€28,530 | +4.8% |
| Amounts receivable within one year | 40/41 | €58,249 | €41,451 | -€16,798 | -28.8% |
| Trade receivables | 40 | €16,271 | €20,020 | +€3,749 | +23.0% |
| Other amounts receivable | 41 | €41,978 | €21,431 | -€20,547 | -48.9% |
| Cash at bank and in hand | 54/58 | €79,260 | €84,259 | +€4,999 | +6.3% |
| Deferred charges and accrued income | 490/1 | €8,508 | €13,297 | +€4,789 | +56.3% |
| Total equity and liabilities | 10/49 | €3,008,066 | €2,912,490 | -€95,576 | -3.2% |
| Equity | 10/15 | €391,144 | €474,715 | +€83,571 | +21.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €329,144 | €412,715 | +€83,571 | +25.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €322,944 | €406,515 | +€83,571 | +25.9% |
| Amounts payable | 17/49 | €2,616,921 | €2,437,774 | -€179,147 | -6.8% |
| Amounts payable after more than one year | 17 | €1,630,403 | €1,414,517 | -€215,886 | -13.2% |
| Financial debts | 170/4 | €1,630,403 | €1,414,517 | -€215,886 | -13.2% |
| Amounts payable within one year | 42/48 | €986,047 | €1,019,059 | +€33,012 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €191,927 | €224,807 | +€32,879 | +17.1% |
| Trade debts | 44 | €648,690 | €644,239 | -€4,451 | -0.7% |
| Suppliers | 440/4 | €648,690 | €644,239 | -€4,451 | -0.7% |
| Advances received on contracts in progress | 46 | €3,029 | - | -€3,029 | |
| Taxes, remuneration and social security | 45 | €51,474 | €71,545 | +€20,070 | +39.0% |
| Taxes | 450/3 | €18,948 | €28,289 | +€9,342 | +49.3% |
| Remuneration and social security | 454/9 | €32,527 | €43,255 | +€10,729 | +33.0% |
| Other amounts payable | 47/48 | €90,926 | €78,468 | -€12,457 | -13.7% |
| Accrued charges and deferred income | 492/3 | €471 | €4,198 | +€3,727 | +790.5% |
| Remuneration, social security and pensions | 62 | €246,852 | €264,945 | +€18,093 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,391 | €151,860 | -€9,531 | -5.9% |
| Other operating charges | 640/8 | €19,063 | €19,134 | +€71 | +0.4% |
| Gross operating margin | 9900 | €508,371 | €607,937 | +€99,567 | +19.6% |
| Operating profit (loss) | 9901 | €81,065 | €171,999 | +€90,933 | +112.2% |
| Financial income | 75/76B | €829 | €474 | -€355 | -42.8% |
| Recurring financial income | 75 | €829 | €474 | -€355 | -42.8% |
| Financial charges | 65/66B | €64,092 | €59,120 | -€4,971 | -7.8% |
| Recurring financial charges | 65 | €64,092 | €59,120 | -€4,971 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €17,802 | €113,352 | +€95,550 | +536.7% |
| Income taxes | 67/77 | €1,895 | €29,781 | +€27,886 | +1471.5% |
| Profit (loss) for the period | 9904 | €15,907 | €83,571 | +€67,664 | +425.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,907 | €83,571 | +€67,664 | +425.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.