CPM 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.
CPM GARDEN
Largest movements
- Tangible fixed assets -€35,647
down €35,647 (-25.8%), from €138,015 to €102,368
of which Furniture and vehicles: -€24,640
- Receivables within one year -€9,997
down €9,997 (-3.7%), from €271,404 to €261,406
of which Trade receivables: -€22,639
- Cash -€8,777
down €8,777 (-6.5%), from €135,639 to €126,862
mainly Trade debts (-€52,760) and Debts after one year (-€21,274)
- Trade debts -€52,760
down €52,760 (-77.6%), from €67,988 to €15,228
- Reserves +€29,656
up €29,656 (+10.8%), from €274,932 to €304,588
of which Distributable reserves: +€29,656
- Debts after one year -€21,274
down €21,274 (-50.2%), from €42,348 to €21,074
- Advances received -€9,003
no longer reported in 2024 (was €9,003)
- Tax, wage and social debts -€5,931
down €5,931 (-26.4%), from €22,434 to €16,503
of which Remuneration and social security: -€4,334
- Gross operating margin -€21,924
down €21,924 (-14.5%), from €151,523 to €129,599
- Depreciation -€9,824
down €9,824 (-23.5%), from €41,766 to €31,942
- Taxes -€4,955
down €4,955 (-26.1%), from €19,012 to €14,057
- Staff costs -€4,803
down €4,803 (-10.4%), from €46,066 to €41,263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,051 | €522,011 | -€60,040 | -10.3% |
| Fixed assets | 21/28 | €168,015 | €132,368 | -€35,647 | -21.2% |
| Tangible fixed assets | 22/27 | €138,015 | €102,368 | -€35,647 | -25.8% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €41,306 | €30,299 | -€11,007 | -26.6% |
| Furniture and vehicles | 24 | €71,709 | €47,069 | -€24,640 | -34.4% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €414,035 | €389,643 | -€24,392 | -5.9% |
| Stocks and contracts in progress | 3 | €1,375 | €1,375 | = | 0.0% |
| Stocks | 30/36 | €1,375 | €1,375 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €271,404 | €261,406 | -€9,997 | -3.7% |
| Trade receivables | 40 | €215,156 | €192,517 | -€22,639 | -10.5% |
| Other amounts receivable | 41 | €56,247 | €68,889 | +€12,642 | +22.5% |
| Cash at bank and in hand | 54/58 | €135,639 | €126,862 | -€8,777 | -6.5% |
| Deferred charges and accrued income | 490/1 | €5,618 | - | -€5,618 | |
| Total equity and liabilities | 10/49 | €582,051 | €522,011 | -€60,040 | -10.3% |
| Equity | 10/15 | €414,752 | €444,408 | +€29,656 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,932 | €304,588 | +€29,656 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €273,072 | €302,728 | +€29,656 | +10.9% |
| Profit (loss) carried forward | 14 | €121,220 | €121,220 | = | 0.0% |
| Amounts payable | 17/49 | €167,299 | €77,603 | -€89,696 | -53.6% |
| Amounts payable after more than one year | 17 | €42,348 | €21,074 | -€21,274 | -50.2% |
| Financial debts | 170/4 | €42,348 | €21,074 | -€21,274 | -50.2% |
| Amounts payable within one year | 42/48 | €124,950 | €53,005 | -€71,945 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €25,525 | €21,274 | -€4,251 | -16.7% |
| Trade debts | 44 | €67,988 | €15,228 | -€52,760 | -77.6% |
| Suppliers | 440/4 | €67,988 | €15,228 | -€52,760 | -77.6% |
| Advances received on contracts in progress | 46 | €9,003 | - | -€9,003 | |
| Taxes, remuneration and social security | 45 | €22,434 | €16,503 | -€5,931 | -26.4% |
| Taxes | 450/3 | €13,939 | €12,341 | -€1,597 | -11.5% |
| Remuneration and social security | 454/9 | €8,495 | €4,162 | -€4,334 | -51.0% |
| Accrued charges and deferred income | 492/3 | - | €3,523 | +€3,523 | |
| Remuneration, social security and pensions | 62 | €46,066 | €41,263 | -€4,803 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,766 | €31,942 | -€9,824 | -23.5% |
| Other operating charges | 640/8 | €2,795 | €2,183 | -€612 | -21.9% |
| Non-recurring operating charges | 66A | - | €8,253 | +€8,253 | |
| Gross operating margin | 9900 | €151,523 | €129,599 | -€21,924 | -14.5% |
| Operating profit (loss) | 9901 | €60,897 | €45,959 | -€14,938 | -24.5% |
| Financial income | 75/76B | €0 | €157 | +€157 | +35,632% |
| Recurring financial income | 75 | €0 | €157 | +€157 | +35,632% |
| Financial charges | 65/66B | €1,979 | €2,403 | +€424 | +21.4% |
| Recurring financial charges | 65 | €1,979 | €2,403 | +€424 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €58,918 | €43,713 | -€15,205 | -25.8% |
| Income taxes | 67/77 | €19,012 | €14,057 | -€4,955 | -26.1% |
| Profit (loss) for the period | 9904 | €39,906 | €29,656 | -€10,250 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,906 | €29,656 | -€10,250 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.