GARDEN CONSTRUCTION: what changed
GARDEN CONSTRUCTION
Largest movements
- Deferred charges and accrued income +€18,661
up €18,661 (+1,550%), from €1,204 to €19,865
- Tangible fixed assets -€13,396
down €13,396 (-9.4%), from €141,760 to €128,365
of which Land and buildings: -€7,930
- Cash +€11,081
up €11,081 (+148%), from €7,462 to €18,543
mainly Trade debts (+€28,328) and Depreciation (+€25,572)
- Receivables within one year +€6,503
up €6,503 (+176%), from €3,701 to €10,204
of which Trade receivables: +€3,370
- Trade debts +€28,328
up €28,328 (+571%), from €4,960 to €33,288
- Debts after one year -€18,587
down €18,587 (-30.2%), from €61,623 to €43,037
- Reserves +€12,408
new in 2025: €12,408
- Short-term financial debts -€7,500
down €7,500 (-100%), from €7,500 to €0
- Other debts +€7,343
up €7,343 (+34.4%), from €21,346 to €28,689
- Gross operating margin +€24,960
up €24,960 (+74.3%), from €33,574 to €58,534
- Taxes +€5,090
up €5,090, from €0 to €5,090
- Other operating charges +€4,375
up €4,375 (+203%), from €2,151 to €6,526
- Depreciation -€4,025
down €4,025 (-13.6%), from €29,598 to €25,572
- Staff costs +€3,253
up €3,253 (+1,089%), from €299 to €3,551
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 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 | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,128 | €176,976 | +€22,848 | +14.8% |
| Fixed assets | 21/28 | €141,760 | €128,365 | -€13,396 | -9.4% |
| Tangible fixed assets | 22/27 | €141,760 | €128,365 | -€13,396 | -9.4% |
| Land and buildings | 22 | €114,594 | €106,664 | -€7,930 | -6.9% |
| Plant, machinery and equipment | 23 | €18,519 | €16,503 | -€2,016 | -10.9% |
| Furniture and vehicles | 24 | €8,647 | €5,198 | -€3,449 | -39.9% |
| Current assets | 29/58 | €12,368 | €48,611 | +€36,244 | +293% |
| Amounts receivable within one year | 40/41 | €3,701 | €10,204 | +€6,503 | +176% |
| Trade receivables | 40 | €2,673 | €6,042 | +€3,370 | +126% |
| Other amounts receivable | 41 | €1,029 | €4,162 | +€3,133 | +305% |
| Cash at bank and in hand | 54/58 | €7,462 | €18,543 | +€11,081 | +148% |
| Deferred charges and accrued income | 490/1 | €1,204 | €19,865 | +€18,661 | +1,550% |
| Total equity and liabilities | 10/49 | €154,128 | €176,976 | +€22,848 | +14.8% |
| Equity | 10/15 | €27,947 | €40,355 | +€12,408 | +44.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €12,408 | +€12,408 | |
| Distributable reserves | 133 | - | €12,408 | +€12,408 | |
| Profit (loss) carried forward | 14 | €2,947 | €2,947 | = | 0.0% |
| Amounts payable | 17/49 | €126,181 | €136,621 | +€10,440 | +8.3% |
| Amounts payable after more than one year | 17 | €61,623 | €43,037 | -€18,587 | -30.2% |
| Financial debts | 170/4 | €61,623 | €43,037 | -€18,587 | -30.2% |
| Amounts payable within one year | 42/48 | €64,558 | €93,584 | +€29,027 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €23,962 | €18,587 | -€5,376 | -22.4% |
| Financial debts | 43 | €7,500 | €0 | -€7,500 | -100% |
| Credit institutions | 430/8 | €7,500 | €0 | -€7,500 | -100% |
| Trade debts | 44 | €4,960 | €33,288 | +€28,328 | +571% |
| Suppliers | 440/4 | €4,960 | €33,288 | +€28,328 | +571% |
| Taxes, remuneration and social security | 45 | €6,789 | €13,021 | +€6,231 | +91.8% |
| Taxes | 450/3 | €6,789 | €13,021 | +€6,231 | +91.8% |
| Other amounts payable | 47/48 | €21,346 | €28,689 | +€7,343 | +34.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €299 | €3,551 | +€3,253 | +1,089% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,598 | €25,572 | -€4,025 | -13.6% |
| Other operating charges | 640/8 | €2,151 | €6,526 | +€4,375 | +203% |
| Non-recurring operating charges | 66A | €1,764 | €0 | -€1,764 | -100% |
| Gross operating margin | 9900 | €33,574 | €58,534 | +€24,960 | +74.3% |
| Operating profit (loss) | 9901 | -€236 | €22,885 | +€23,121 | |
| Financial income | 75/76B | €94 | €249 | +€155 | +165% |
| Recurring financial income | 75 | €94 | €249 | +€155 | +165% |
| Financial charges | 65/66B | €4,110 | €5,636 | +€1,525 | +37.1% |
| Recurring financial charges | 65 | €4,110 | €5,636 | +€1,525 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,252 | €17,498 | +€21,751 | |
| Income taxes | 67/77 | €0 | €5,090 | +€5,090 | |
| Profit (loss) for the period | 9904 | -€4,252 | €12,408 | +€16,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,252 | €12,408 | +€16,660 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.