GARDEN CONCEPT: 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 CONCEPT
Largest movements
- Deferred charges and accrued income -€1,473
down €1,473 (-63.1%), from €2,333 to €860
- Receivables within one year -€1,421
down €1,421 (-4.6%), from €31,165 to €29,744
of which Other amounts receivable: -€3,104
- Tangible fixed assets -€581
down €581 (-79.4%), from €732 to €151
of which Plant, machinery and equipment: -€424
- Short-term financial debts +€10,737
up €10,737 (+311%), from €3,457 to €14,195
- Profit (loss) carried forward -€9,806
down €9,806, from €2,938 to -€6,869
- Trade debts -€2,395
down €2,395 (-96.1%), from €2,492 to €97
- Tax, wage and social debts -€1,194
down €1,194 (-29.3%), from €4,075 to €2,881
- Current portion of long-term debt -€928
no longer reported in 2024 (was €928)
- Gross operating margin +€4,316
up €4,316 (+37.9%), from -€11,378 to -€7,062
- Taxes -€3,772
down €3,772 (-99.7%), from €3,784 to €12
- Financial charges +€1,009
up €1,009 (+100%), from €1,008 to €2,017
- Financial income -€599
down €599 (-55.1%), from €1,087 to €488
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,341 | €30,755 | -€3,586 | -10.4% |
| Fixed assets | 21/28 | €732 | €151 | -€581 | -79.4% |
| Tangible fixed assets | 22/27 | €732 | €151 | -€581 | -79.4% |
| Plant, machinery and equipment | 23 | €575 | €151 | -€424 | -73.7% |
| Furniture and vehicles | 24 | €157 | - | -€157 | |
| Current assets | 29/58 | €33,610 | €30,604 | -€3,006 | -8.9% |
| Amounts receivable within one year | 40/41 | €31,165 | €29,744 | -€1,421 | -4.6% |
| Trade receivables | 40 | €20,937 | €22,620 | +€1,684 | +8.0% |
| Other amounts receivable | 41 | €10,228 | €7,123 | -€3,104 | -30.4% |
| Current investments | 50/53 | €112 | - | -€112 | |
| Deferred charges and accrued income | 490/1 | €2,333 | €860 | -€1,473 | -63.1% |
| Total equity and liabilities | 10/49 | €34,341 | €30,755 | -€3,586 | -10.4% |
| Equity | 10/15 | €23,389 | €13,582 | -€9,806 | -41.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Share premium | 1100/10 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,938 | -€6,869 | -€9,806 | |
| Amounts payable | 17/49 | €10,953 | €17,173 | +€6,220 | +56.8% |
| Amounts payable within one year | 42/48 | €10,953 | €17,173 | +€6,220 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €928 | - | -€928 | |
| Financial debts | 43 | €3,457 | €14,195 | +€10,737 | +311% |
| Credit institutions | 430/8 | €3,457 | €14,195 | +€10,737 | +311% |
| Trade debts | 44 | €2,492 | €97 | -€2,395 | -96.1% |
| Suppliers | 440/4 | €2,492 | €97 | -€2,395 | -96.1% |
| Taxes, remuneration and social security | 45 | €4,075 | €2,881 | -€1,194 | -29.3% |
| Taxes | 450/3 | €4,075 | €2,881 | -€1,194 | -29.3% |
| Remuneration, social security and pensions | 62 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €581 | = | 0.0% |
| Other operating charges | 640/8 | €731 | €622 | -€109 | -14.9% |
| Gross operating margin | 9900 | -€11,378 | -€7,062 | +€4,316 | +37.9% |
| Operating profit (loss) | 9901 | -€12,745 | -€8,265 | +€4,480 | +35.2% |
| Financial income | 75/76B | €1,087 | €488 | -€599 | -55.1% |
| Recurring financial income | 75 | €1,087 | €488 | -€599 | -55.1% |
| Financial charges | 65/66B | €1,008 | €2,017 | +€1,009 | +100% |
| Recurring financial charges | 65 | €1,008 | €2,017 | +€1,009 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€12,666 | -€9,794 | +€2,872 | +22.7% |
| Income taxes | 67/77 | €3,784 | €12 | -€3,772 | -99.7% |
| Profit (loss) for the period | 9904 | -€16,450 | -€9,806 | +€6,643 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,450 | -€9,806 | +€6,643 | +40.4% |
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 27 October 2026 via checked.be.