D.S. Garten: what changed
D.S. Garten
Largest movements
- Cash +€65,735
up €65,735 (+30.3%), from €217,185 to €282,920
mainly Depreciation (+€59,150) and Net result for the year (+€40,584)
- Stocks and contracts -€33,241
down €33,241 (-54.7%), from €60,749 to €27,508
- Current investments +€31,527
up €31,527 (+45.7%), from €68,965 to €100,492
- Receivables within one year -€21,811
down €21,811 (-69.2%), from €31,501 to €9,690
of which Trade receivables: -€16,930
- Reserves +€20,584
up €20,584 (+5.6%), from €365,540 to €386,124
of which Distributable reserves: +€20,584
- Tax, wage and social debts +€14,982
up €14,982 (+94.0%), from €15,943 to €30,924
of which Remuneration and social security: +€11,104
- Debts after one year +€9,745
up €9,745 (+21.3%), from €45,716 to €55,461
- Trade debts -€8,399
down €8,399 (-49.0%), from €17,129 to €8,730
- Gross operating margin +€41,381
up €41,381 (+19.3%), from €214,497 to €255,878
- Staff costs +€22,978
up €22,978 (+19.2%), from €119,909 to €142,887
- Financial income +€5,815
up €5,815 (+301%), from €1,934 to €7,749
- Taxes +€5,715
up €5,715 (+60.1%), from €9,513 to €15,228
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,786 | €553,117 | +€45,331 | +8.9% |
| Fixed assets | 21/28 | €129,386 | €132,097 | +€2,711 | +2.1% |
| Tangible fixed assets | 22/27 | €129,336 | €132,047 | +€2,711 | +2.1% |
| Plant, machinery and equipment | 23 | €30,316 | €24,641 | -€5,675 | -18.7% |
| Furniture and vehicles | 24 | €6,226 | €3,736 | -€2,490 | -40.0% |
| Leasing and similar rights | 25 | €92,793 | €103,670 | +€10,877 | +11.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €378,400 | €421,020 | +€42,620 | +11.3% |
| Stocks and contracts in progress | 3 | €60,749 | €27,508 | -€33,241 | -54.7% |
| Stocks | 30/36 | €60,749 | €27,508 | -€33,241 | -54.7% |
| Amounts receivable within one year | 40/41 | €31,501 | €9,690 | -€21,811 | -69.2% |
| Trade receivables | 40 | €26,620 | €9,690 | -€16,930 | -63.6% |
| Other amounts receivable | 41 | €4,881 | - | -€4,881 | |
| Current investments | 50/53 | €68,965 | €100,492 | +€31,527 | +45.7% |
| Cash at bank and in hand | 54/58 | €217,185 | €282,920 | +€65,735 | +30.3% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €507,786 | €553,117 | +€45,331 | +8.9% |
| Equity | 10/15 | €384,140 | €404,724 | +€20,584 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365,540 | €386,124 | +€20,584 | +5.6% |
| 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 | €363,680 | €384,264 | +€20,584 | +5.7% |
| Amounts payable | 17/49 | €123,646 | €148,393 | +€24,747 | +20.0% |
| Amounts payable after more than one year | 17 | €45,716 | €55,461 | +€9,745 | +21.3% |
| Financial debts | 170/4 | €45,716 | €55,461 | +€9,745 | +21.3% |
| Amounts payable within one year | 42/48 | €77,929 | €92,932 | +€15,002 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €29,857 | €33,277 | +€3,420 | +11.5% |
| Trade debts | 44 | €17,129 | €8,730 | -€8,399 | -49.0% |
| Suppliers | 440/4 | €17,129 | €8,730 | -€8,399 | -49.0% |
| Taxes, remuneration and social security | 45 | €15,943 | €30,924 | +€14,982 | +94.0% |
| Taxes | 450/3 | €5,734 | €9,612 | +€3,878 | +67.6% |
| Remuneration and social security | 454/9 | €10,209 | €21,313 | +€11,104 | +109% |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €119,909 | €142,887 | +€22,978 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,379 | €59,150 | +€1,771 | +3.1% |
| Other operating charges | 640/8 | €1,623 | €1,627 | +€3 | +0.2% |
| Gross operating margin | 9900 | €214,497 | €255,878 | +€41,381 | +19.3% |
| Operating profit (loss) | 9901 | €35,586 | €52,214 | +€16,628 | +46.7% |
| Financial income | 75/76B | €1,934 | €7,749 | +€5,815 | +301% |
| Recurring financial income | 75 | €1,934 | €7,749 | +€5,815 | +301% |
| Financial charges | 65/66B | €3,000 | €4,152 | +€1,152 | +38.4% |
| Recurring financial charges | 65 | €3,000 | €4,152 | +€1,152 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €34,520 | €55,812 | +€21,291 | +61.7% |
| Income taxes | 67/77 | €9,513 | €15,228 | +€5,715 | +60.1% |
| Profit (loss) for the period | 9904 | €25,007 | €40,584 | +€15,577 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,007 | €40,584 | +€15,577 | +62.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.