GARDEN ABEELS: 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.
GARDEN ABEELS
Largest movements
- Tangible fixed assets -€92,349
down €92,349 (-4.7%), from €2.0m to €1.9m
of which Land and buildings: -€71,239
- Stocks and contracts -€91,620
down €91,620 (-10.3%), from €887,594 to €795,974
- Receivables within one year -€42,053
down €42,053 (-65.7%), from €64,012 to €21,958
of which Trade receivables: -€44,263
- Cash +€38,676
up €38,676 (+166%), from €23,314 to €61,990
mainly Depreciation (+€94,850) and Stocks and contracts (+€91,620)
- Debts after one year -€134,275
down €134,275 (-32.3%), from €415,100 to €280,825
- Trade debts -€79,889
down €79,889 (-15.0%), from €531,311 to €451,423
- Tax, wage and social debts -€77,696
down €77,696 (-57.0%), from €136,348 to €58,652
of which Taxes: -€71,547
- Other debts +€59,344
up €59,344 (+14.0%), from €422,895 to €482,239
- Accrued charges and deferred income -€47,833
down €47,833 (-67.1%), from €71,310 to €23,477
- Gross operating margin -€206,367
down €206,367 (-27.9%), from €740,745 to €534,378
- Staff costs -€162,763
down €162,763 (-36.9%), from €440,753 to €277,991
- Financial income -€34,946
down €34,946 (-98.2%), from €35,586 to €640
of which Non-recurring financial income: -€35,361
- Financial charges -€17,542
down €17,542 (-32.8%), from €53,496 to €35,954
of which Non-recurring financial charges: -€9,971
- Taxes -€15,869
down €15,869 (-47.1%), from €33,659 to €17,790
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 | €2,943,512 | €2,756,840 | -€186,672 | -6.3% |
| Fixed assets | 21/28 | €1,960,081 | €1,869,632 | -€90,449 | -4.6% |
| Tangible fixed assets | 22/27 | €1,952,070 | €1,859,721 | -€92,349 | -4.7% |
| Land and buildings | 22 | €1,920,170 | €1,848,931 | -€71,239 | -3.7% |
| Plant, machinery and equipment | 23 | €1,710 | €222 | -€1,488 | -87.0% |
| Furniture and vehicles | 24 | €30,190 | €10,567 | -€19,623 | -65.0% |
| Financial fixed assets | 28 | €8,011 | €9,911 | +€1,900 | +23.7% |
| Current assets | 29/58 | €983,431 | €887,209 | -€96,222 | -9.8% |
| Stocks and contracts in progress | 3 | €887,594 | €795,974 | -€91,620 | -10.3% |
| Stocks | 30/36 | €887,594 | €795,974 | -€91,620 | -10.3% |
| Amounts receivable within one year | 40/41 | €64,012 | €21,958 | -€42,053 | -65.7% |
| Trade receivables | 40 | €64,012 | €19,749 | -€44,263 | -69.1% |
| Other amounts receivable | 41 | €0 | €2,210 | +€2,210 | |
| Cash at bank and in hand | 54/58 | €23,314 | €61,990 | +€38,676 | +166% |
| Deferred charges and accrued income | 490/1 | €8,511 | €7,286 | -€1,225 | -14.4% |
| Total equity and liabilities | 10/49 | €2,943,512 | €2,756,840 | -€186,672 | -6.3% |
| Equity | 10/15 | €1,070,981 | €1,117,543 | +€46,563 | +4.3% |
| Contributions | 10/11 | €312,400 | €312,400 | = | 0.0% |
| Reserves | 13 | €758,581 | €805,143 | +€46,563 | +6.1% |
| Non-distributable reserves | 130/1 | €31,860 | €31,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €726,721 | €773,283 | +€46,563 | +6.4% |
| Amounts payable | 17/49 | €1,872,531 | €1,639,297 | -€233,234 | -12.5% |
| Amounts payable after more than one year | 17 | €415,100 | €280,825 | -€134,275 | -32.3% |
| Financial debts | 170/4 | €415,100 | €280,825 | -€134,275 | -32.3% |
| Amounts payable within one year | 42/48 | €1,386,120 | €1,334,994 | -€51,126 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €137,233 | €184,348 | +€47,115 | +34.3% |
| Financial debts | 43 | €158,333 | €158,333 | = | 0.0% |
| Credit institutions | 430/8 | €158,333 | €158,333 | = | 0.0% |
| Trade debts | 44 | €531,311 | €451,423 | -€79,889 | -15.0% |
| Suppliers | 440/4 | €531,311 | €451,423 | -€79,889 | -15.0% |
| Taxes, remuneration and social security | 45 | €136,348 | €58,652 | -€77,696 | -57.0% |
| Taxes | 450/3 | €82,239 | €10,692 | -€71,547 | -87.0% |
| Remuneration and social security | 454/9 | €54,108 | €47,960 | -€6,149 | -11.4% |
| Other amounts payable | 47/48 | €422,895 | €482,239 | +€59,344 | +14.0% |
| Accrued charges and deferred income | 492/3 | €71,310 | €23,477 | -€47,833 | -67.1% |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Remuneration, social security and pensions | 62 | €440,753 | €277,991 | -€162,763 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,996 | €94,850 | -€145 | -0.2% |
| Other operating charges | 640/8 | €61,176 | €54,061 | -€7,115 | -11.6% |
| Non-recurring operating charges | 66A | - | €7,809 | +€7,809 | |
| Gross operating margin | 9900 | €740,745 | €534,378 | -€206,367 | -27.9% |
| Operating profit (loss) | 9901 | €143,820 | €99,667 | -€44,153 | -30.7% |
| Financial income | 75/76B | €35,586 | €640 | -€34,946 | -98.2% |
| Recurring financial income | 75 | €225 | €640 | +€415 | +185% |
| Non-recurring financial income | 76B | €35,361 | €0 | -€35,361 | -100% |
| Financial charges | 65/66B | €53,496 | €35,954 | -€17,542 | -32.8% |
| Recurring financial charges | 65 | €43,525 | €35,954 | -€7,571 | -17.4% |
| Non-recurring financial charges | 66B | €9,971 | €0 | -€9,971 | -100% |
| Profit (loss) for the period before taxes | 9903 | €125,909 | €64,353 | -€61,557 | -48.9% |
| Income taxes | 67/77 | €33,659 | €17,790 | -€15,869 | -47.1% |
| Profit (loss) for the period | 9904 | €92,251 | €46,563 | -€45,688 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,251 | €46,563 | -€45,688 | -49.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.