C'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.
C'GARDEN
Largest movements
- Deferred charges and accrued income +€34,982
up €34,982 (+150%), from €23,248 to €58,230
- Tangible fixed assets -€10,074
down €10,074 (-4.4%), from €228,280 to €218,205
of which Land and buildings: -€9,032
- Profit (loss) carried forward +€24,381
up €24,381 (+43.2%), from €56,462 to €80,843
- Debts after one year -€16,416
down €16,416 (-14.0%), from €117,528 to €101,112
- Tax, wage and social debts +€10,233
up €10,233 (+33.2%), from €30,787 to €41,021
of which Taxes: +€7,609
- Current portion of long-term debt +€8,870
up €8,870 (+54.9%), from €16,145 to €25,016
- Short-term financial debts -€4,099
down €4,099 (-51.2%), from €8,000 to €3,901
- Gross operating margin +€74,117
up €74,117 (+55.1%), from €134,536 to €208,653
- Staff costs +€25,660
up €25,660 (+20.4%), from €125,636 to €151,296
- Taxes +€8,912
up €8,912 (+10,462%), from €85 to €8,998
- Other operating charges -€8,315
down €8,315 (-69.0%), from €12,050 to €3,735
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 | €287,871 | €315,021 | +€27,150 | +9.4% |
| Fixed assets | 21/28 | €228,876 | €218,801 | -€10,074 | -4.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €228,280 | €218,205 | -€10,074 | -4.4% |
| Land and buildings | 22 | €226,141 | €217,109 | -€9,032 | -4.0% |
| Plant, machinery and equipment | 23 | €2,138 | €1,096 | -€1,042 | -48.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €596 | €596 | = | 0.0% |
| Current assets | 29/58 | €58,996 | €96,220 | +€37,224 | +63.1% |
| Stocks and contracts in progress | 3 | €6,818 | €6,818 | = | 0.0% |
| Stocks | 30/36 | €6,818 | €6,818 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,718 | €27,160 | +€1,443 | +5.6% |
| Trade receivables | 40 | €24,068 | €27,160 | +€3,093 | +12.9% |
| Other amounts receivable | 41 | €1,650 | €0 | -€1,650 | -100% |
| Cash at bank and in hand | 54/58 | €3,212 | €4,011 | +€799 | +24.9% |
| Deferred charges and accrued income | 490/1 | €23,248 | €58,230 | +€34,982 | +150% |
| Total equity and liabilities | 10/49 | €287,871 | €315,021 | +€27,150 | +9.4% |
| Equity | 10/15 | €107,442 | €131,823 | +€24,381 | +22.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,980 | €48,980 | = | 0.0% |
| Distributable reserves | 133 | €48,980 | €48,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,462 | €80,843 | +€24,381 | +43.2% |
| Amounts payable | 17/49 | €180,429 | €183,198 | +€2,769 | +1.5% |
| Amounts payable after more than one year | 17 | €117,528 | €101,112 | -€16,416 | -14.0% |
| Financial debts | 170/4 | €117,528 | €101,112 | -€16,416 | -14.0% |
| Amounts payable within one year | 42/48 | €62,901 | €82,061 | +€19,160 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €16,145 | €25,016 | +€8,870 | +54.9% |
| Financial debts | 43 | €8,000 | €3,901 | -€4,099 | -51.2% |
| Credit institutions | 430/8 | €8,000 | €3,901 | -€4,099 | -51.2% |
| Trade debts | 44 | €6,541 | €8,791 | +€2,249 | +34.4% |
| Suppliers | 440/4 | €6,541 | €8,791 | +€2,249 | +34.4% |
| Taxes, remuneration and social security | 45 | €30,787 | €41,021 | +€10,233 | +33.2% |
| Taxes | 450/3 | €14,591 | €22,200 | +€7,609 | +52.1% |
| Remuneration and social security | 454/9 | €16,196 | €18,821 | +€2,625 | +16.2% |
| Other amounts payable | 47/48 | €1,427 | €3,333 | +€1,905 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | €25 | +€25 | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €125,636 | €151,296 | +€25,660 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,681 | €12,718 | +€37 | +0.3% |
| Other operating charges | 640/8 | €12,050 | €3,735 | -€8,315 | -69.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €134,536 | €208,653 | +€74,117 | +55.1% |
| Operating profit (loss) | 9901 | -€15,831 | €40,904 | +€56,735 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €4,702 | €4,031 | -€671 | -14.3% |
| Recurring financial charges | 65 | €4,702 | €4,031 | -€671 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,532 | €36,879 | +€57,411 | |
| Income taxes | 67/77 | €85 | €8,998 | +€8,912 | +10,462% |
| Profit (loss) for the period | 9904 | -€20,618 | €27,881 | +€48,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,618 | €27,881 | +€48,499 |
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 18 October 2026 via checked.be.