BELGIAN SHRUB and TREE SELECTION: 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.
BELGIAN SHRUB and TREE SELECTION
Largest movements
- Cash -€114,891
down €114,891 (-70.5%), from €162,979 to €48,088
mainly Current investments (-€100,000) and Net result for the year (-€26,689)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year -€22,819
down €22,819 (-25.1%), from €91,047 to €68,228
of which Trade receivables: -€19,553
- Stocks and contracts +€8,866
up €8,866 (+79.4%), from €11,162 to €20,028
- Profit (loss) carried forward -€26,689
down €26,689 (-10.5%), from €254,522 to €227,833
- Gross operating margin +€11,805
up €11,805 (+29.0%), from -€40,758 to -€28,953
- Taxes -€2,054
down €2,054, from €1,524 to -€530
- Financial income -€1,765
down €1,765 (-34.7%), from €5,081 to €3,316
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 | €265,487 | €236,731 | -€28,756 | -10.8% |
| Current assets | 29/58 | €265,487 | €236,731 | -€28,756 | -10.8% |
| Stocks and contracts in progress | 3 | €11,162 | €20,028 | +€8,866 | +79.4% |
| Stocks | 30/36 | €11,162 | €20,028 | +€8,866 | +79.4% |
| Amounts receivable within one year | 40/41 | €91,047 | €68,228 | -€22,819 | -25.1% |
| Trade receivables | 40 | €42,503 | €22,951 | -€19,553 | -46.0% |
| Other amounts receivable | 41 | €48,544 | €45,278 | -€3,266 | -6.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €162,979 | €48,088 | -€114,891 | -70.5% |
| Deferred charges and accrued income | 490/1 | €299 | €386 | +€88 | +29.4% |
| Total equity and liabilities | 10/49 | €265,487 | €236,731 | -€28,756 | -10.8% |
| Equity | 10/15 | €261,872 | €235,183 | -€26,689 | -10.2% |
| Contributions | 10/11 | €5,250 | €5,250 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,522 | €227,833 | -€26,689 | -10.5% |
| Amounts payable | 17/49 | €3,615 | €1,548 | -€2,067 | -57.2% |
| Amounts payable within one year | 42/48 | €3,615 | €1,548 | -€2,067 | -57.2% |
| Trade debts | 44 | €3,599 | €1,532 | -€2,067 | -57.4% |
| Suppliers | 440/4 | €3,599 | €1,532 | -€2,067 | -57.4% |
| Taxes, remuneration and social security | 45 | €16 | €16 | = | 0.0% |
| Taxes | 450/3 | €16 | €16 | = | 0.0% |
| Other operating charges | 640/8 | €742 | €759 | +€17 | +2.3% |
| Gross operating margin | 9900 | -€40,758 | -€28,953 | +€11,805 | +29.0% |
| Operating profit (loss) | 9901 | -€41,499 | -€29,712 | +€11,788 | +28.4% |
| Financial income | 75/76B | €5,081 | €3,316 | -€1,765 | -34.7% |
| Recurring financial income | 75 | €5,081 | €3,316 | -€1,765 | -34.7% |
| Financial charges | 65/66B | €617 | €823 | +€206 | +33.4% |
| Recurring financial charges | 65 | €617 | €823 | +€206 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,035 | -€27,219 | +€9,817 | +26.5% |
| Income taxes | 67/77 | €1,524 | -€530 | -€2,054 | |
| Profit (loss) for the period | 9904 | -€38,560 | -€26,689 | +€11,871 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,560 | -€26,689 | +€11,871 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.