Chen's 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.
Chen's Garden
Largest movements
- Receivables within one year -€52,337
down €52,337 (-97.0%), from €53,975 to €1,638
of which Trade receivables: -€42,000
- Cash -€36,157
down €36,157 (-79.7%), from €45,389 to €9,232
mainly Debts after one year (-€59,919) and Other debts (-€54,754)
- Intangible fixed assets -€32,667
down €32,667 (-10.3%), from €316,750 to €284,083
- Tangible fixed assets -€8,161
down €8,161 (-5.1%), from €161,442 to €153,282
of which Furniture and vehicles: -€25,537
- Debts after one year -€59,919
down €59,919 (-17.5%), from €342,225 to €282,306
- Other debts -€54,754
down €54,754 (-48.1%), from €113,762 to €59,009
- Trade debts -€34,750
down €34,750 (-69.1%), from €50,315 to €15,565
- Reserves +€16,250
up €16,250 (+167%), from €9,723 to €25,973
- Gross operating margin +€13,843
up €13,843 (+9.9%), from €140,052 to €153,895
- Taxes +€5,435
up €5,435 (+392%), from €1,388 to €6,823
- Depreciation +€4,248
up €4,248 (+5.7%), from €74,442 to €78,690
- Staff costs +€1,572
up €1,572 (+5.1%), from €30,571 to €32,142
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 | €580,712 | €451,022 | -€129,690 | -22.3% |
| Fixed assets | 21/28 | €478,192 | €437,365 | -€40,827 | -8.5% |
| Intangible fixed assets | 21 | €316,750 | €284,083 | -€32,667 | -10.3% |
| Tangible fixed assets | 22/27 | €161,442 | €153,282 | -€8,161 | -5.1% |
| Plant, machinery and equipment | 23 | €60,814 | €46,190 | -€14,624 | -24.0% |
| Furniture and vehicles | 24 | €100,629 | €75,092 | -€25,537 | -25.4% |
| Other tangible fixed assets | 26 | - | €32,000 | +€32,000 | |
| Current assets | 29/58 | €102,519 | €13,657 | -€88,863 | -86.7% |
| Stocks and contracts in progress | 3 | €3,156 | €2,787 | -€369 | -11.7% |
| Stocks | 30/36 | €3,156 | €2,787 | -€369 | -11.7% |
| Amounts receivable within one year | 40/41 | €53,975 | €1,638 | -€52,337 | -97.0% |
| Trade receivables | 40 | €42,000 | - | -€42,000 | |
| Other amounts receivable | 41 | €11,975 | €1,638 | -€10,337 | -86.3% |
| Cash at bank and in hand | 54/58 | €45,389 | €9,232 | -€36,157 | -79.7% |
| Total equity and liabilities | 10/49 | €580,712 | €451,022 | -€129,690 | -22.3% |
| Equity | 10/15 | €15,923 | €32,176 | +€16,253 | +102% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,723 | €25,973 | +€16,250 | +167% |
| Distributable reserves | 133 | €9,723 | €25,973 | +€16,250 | +167% |
| Profit (loss) carried forward | 14 | - | €3 | +€3 | |
| Amounts payable | 17/49 | €564,789 | €418,846 | -€145,943 | -25.8% |
| Amounts payable after more than one year | 17 | €342,225 | €282,306 | -€59,919 | -17.5% |
| Financial debts | 170/4 | €342,225 | €282,306 | -€59,919 | -17.5% |
| Amounts payable within one year | 42/48 | €222,564 | €136,540 | -€86,024 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €57,781 | €59,919 | +€2,138 | +3.7% |
| Trade debts | 44 | €50,315 | €15,565 | -€34,750 | -69.1% |
| Suppliers | 440/4 | €50,315 | €15,565 | -€34,750 | -69.1% |
| Taxes, remuneration and social security | 45 | €705 | €2,047 | +€1,342 | +190% |
| Taxes | 450/3 | €705 | €2,047 | +€1,342 | +190% |
| Other amounts payable | 47/48 | €113,762 | €59,009 | -€54,754 | -48.1% |
| Remuneration, social security and pensions | 62 | €30,571 | €32,142 | +€1,572 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,442 | €78,690 | +€4,248 | +5.7% |
| Other operating charges | 640/8 | €4,059 | €4,543 | +€484 | +11.9% |
| Gross operating margin | 9900 | €140,052 | €153,895 | +€13,843 | +9.9% |
| Operating profit (loss) | 9901 | €30,981 | €38,520 | +€7,539 | +24.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,992 | €15,444 | -€548 | -3.4% |
| Recurring financial charges | 65 | €15,992 | €15,444 | -€548 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €14,989 | €23,076 | +€8,087 | +54.0% |
| Income taxes | 67/77 | €1,388 | €6,823 | +€5,435 | +392% |
| Profit (loss) for the period | 9904 | €13,601 | €16,253 | +€2,652 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,601 | €16,253 | +€2,652 | +19.5% |
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 28 October 2026 via checked.be.