B-Garden: 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.
B-Garden
Largest movements
- Tangible fixed assets +€75,497
up €75,497 (+31.8%), from €237,116 to €312,613
of which Plant, machinery and equipment: +€89,105
- Cash +€11,905
up €11,905 (+22.0%), from €54,206 to €66,110
mainly Depreciation (+€49,006) and Trade debts (+€41,833)
- Receivables within one year -€7,932
down €7,932 (-20.7%), from €38,288 to €30,357
of which Trade receivables: -€16,834
- Stocks and contracts +€6,450
up €6,450 (+10.8%), from €59,800 to €66,250
of which Stocks: +€12,450
- Trade debts +€41,833
up €41,833 (+88.7%), from €47,136 to €88,969
- Debts after one year +€31,846
up €31,846 (+15.2%), from €209,557 to €241,403
of which Financial debts: +€31,233
- Reserves +€26,944
up €26,944 (+69.6%), from €38,709 to €65,653
- Other debts -€22,635
down €22,635 (-57.9%), from €39,096 to €16,461
- Current portion of long-term debt +€6,979
up €6,979 (+32.6%), from €21,394 to €28,373
- Gross operating margin +€69,696
up €69,696 (+63.6%), from €109,572 to €179,268
- Staff costs +€43,971
up €43,971 (+152.7%), from €28,801 to €72,772
- Other operating charges +€16,932
up €16,932 (+1346.6%), from €1,257 to €18,189
- Depreciation -€4,133
down €4,133 (-7.8%), from €53,139 to €49,006
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,029 | €479,597 | +€89,568 | +23.0% |
| Fixed assets | 21/28 | €237,116 | €312,613 | +€75,497 | +31.8% |
| Tangible fixed assets | 22/27 | €237,116 | €312,613 | +€75,497 | +31.8% |
| Plant, machinery and equipment | 23 | €67,992 | €157,097 | +€89,105 | +131.1% |
| Furniture and vehicles | 24 | €169,124 | €155,516 | -€13,608 | -8.0% |
| Current assets | 29/58 | €152,913 | €166,985 | +€14,071 | +9.2% |
| Stocks and contracts in progress | 3 | €59,800 | €66,250 | +€6,450 | +10.8% |
| Stocks | 30/36 | €13,800 | €26,250 | +€12,450 | +90.2% |
| Contracts in progress | 37 | €46,000 | €40,000 | -€6,000 | -13.0% |
| Amounts receivable within one year | 40/41 | €38,288 | €30,357 | -€7,932 | -20.7% |
| Trade receivables | 40 | €36,534 | €19,700 | -€16,834 | -46.1% |
| Other amounts receivable | 41 | €1,754 | €10,656 | +€8,902 | +507.6% |
| Cash at bank and in hand | 54/58 | €54,206 | €66,110 | +€11,905 | +22.0% |
| Deferred charges and accrued income | 490/1 | €620 | €4,268 | +€3,648 | +588.8% |
| Total equity and liabilities | 10/49 | €390,029 | €479,597 | +€89,568 | +23.0% |
| Equity | 10/15 | €58,709 | €85,653 | +€26,944 | +45.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,709 | €65,653 | +€26,944 | +69.6% |
| Distributable reserves | 133 | €38,709 | €65,653 | +€26,944 | +69.6% |
| Amounts payable | 17/49 | €331,320 | €393,944 | +€62,624 | +18.9% |
| Amounts payable after more than one year | 17 | €209,557 | €241,403 | +€31,846 | +15.2% |
| Financial debts | 170/4 | €49,945 | €81,178 | +€31,233 | +62.5% |
| Other amounts payable | 178/9 | €159,613 | €160,225 | +€613 | +0.4% |
| Amounts payable within one year | 42/48 | €121,763 | €152,541 | +€30,779 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €21,394 | €28,373 | +€6,979 | +32.6% |
| Trade debts | 44 | €47,136 | €88,969 | +€41,833 | +88.7% |
| Suppliers | 440/4 | €47,136 | €88,969 | +€41,833 | +88.7% |
| Taxes, remuneration and social security | 45 | €14,136 | €18,739 | +€4,602 | +32.6% |
| Taxes | 450/3 | €9,255 | €5,110 | -€4,145 | -44.8% |
| Remuneration and social security | 454/9 | €4,882 | €13,629 | +€8,747 | +179.2% |
| Other amounts payable | 47/48 | €39,096 | €16,461 | -€22,635 | -57.9% |
| Remuneration, social security and pensions | 62 | €28,801 | €72,772 | +€43,971 | +152.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,139 | €49,006 | -€4,133 | -7.8% |
| Other operating charges | 640/8 | €1,257 | €18,189 | +€16,932 | +1346.6% |
| Gross operating margin | 9900 | €109,572 | €179,268 | +€69,696 | +63.6% |
| Operating profit (loss) | 9901 | €26,375 | €39,301 | +€12,927 | +49.0% |
| Financial income | 75/76B | €449 | €342 | -€106 | -23.7% |
| Recurring financial income | 75 | €449 | €342 | -€106 | -23.7% |
| Financial charges | 65/66B | €4,112 | €4,252 | +€140 | +3.4% |
| Recurring financial charges | 65 | €4,112 | €4,252 | +€140 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €22,711 | €35,391 | +€12,680 | +55.8% |
| Income taxes | 67/77 | €6,856 | €8,447 | +€1,591 | +23.2% |
| Profit (loss) for the period | 9904 | €15,855 | €26,944 | +€11,089 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,855 | €26,944 | +€11,089 | +69.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.