GARDEN DREAM: what changed
What changed
GARDEN DREAM
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
-€143,685
2024 · -€30,554-€113,131
Equity
€15,654
2024 · €161,230-€145,576
Cash
€698
2024 · €114+€584
Balance sheet total
€798,722
2024 · €1.1m-€272,535
Largest movements
Assets
- Receivables within one year -€178,584
down €178,584 (-64.2%), from €278,041 to €99,457
of which Trade receivables: -€96,903
- Stocks and contracts -€54,618
down €54,618 (-18.5%), from €295,144 to €240,525
- Tangible fixed assets -€35,059
down €35,059 (-7.2%), from €488,105 to €453,047
of which Furniture and vehicles: -€19,571
Equity and liabilities
- Profit (loss) carried forward -€143,685
down €143,685, from €123,415 to -€20,271
- Debts after one year -€55,850
down €55,850 (-11.5%), from €486,490 to €430,640
- Accrued charges and deferred income -€39,309
down €39,309 (-68.6%), from €57,282 to €17,973
- Advances received -€25,546
down €25,546 (-68.4%), from €37,356 to €11,810
- Tax, wage and social debts -€24,194
down €24,194 (-36.8%), from €65,770 to €41,576
of which Remuneration and social security: -€21,052
Income statement
- Gross operating margin -€85,404
down €85,404 (-31.3%), from €272,931 to €187,527
- Depreciation +€10,434
up €10,434 (+24.3%), from €42,997 to €53,431
- Other operating charges +€9,111
up €9,111 (+103%), from €8,881 to €17,992
- Financial income -€3,941
down €3,941 (-65.7%), from €5,995 to €2,054
- Financial charges +€3,005
up €3,005 (+15.9%), from €18,875 to €21,880
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.
Result 2024
-€30,554
Gross operating margin
-€85,404
Staff costs
-€1,237
Depreciation
-€10,434
Other operating charges
-€9,111
Financial income
-€3,941
Financial charges
-€3,005
Result 2025
-€143,685
lowers the result
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.
From operations
+€73,724
Investment
-€18,372
Financing
-€54,767
Cash 2024
€114
From operations (derived)
+€73,724
Net result for the year
-€143,685
Depreciation
+€53,431
Stocks and contracts
+€54,618
Receivables within one year
+€178,584
Deferred charges and accrued income
+€4,858
Trade debts
+€5,912
Tax, wage and social debts
-€24,194
Advances received
-€25,546
Other debts
+€9,054
Accrued charges and deferred income
-€39,309
Investment (derived)
-€18,372
Investment in fixed assets (net)
-€18,372
Financing
-€54,767
Debts after one year
-€55,850
Current portion of long-term debt
+€2,217
Short-term financial debts
+€756
Contributions, distributions and other
-€1,891
Cash 2025
€698
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,257 | €798,722 | -€272,535 | -25.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €488,105 | €453,047 | -€35,059 | -7.2% |
| Tangible fixed assets | 22/27 | €488,105 | €453,047 | -€35,059 | -7.2% |
| Land and buildings | 22 | €404,068 | €398,380 | -€5,687 | -1.4% |
| Plant, machinery and equipment | 23 | €4,795 | €3,871 | -€924 | -19.3% |
| Furniture and vehicles | 24 | €50,715 | €31,144 | -€19,571 | -38.6% |
| Leasing and similar rights | 25 | €28,527 | €19,651 | -€8,877 | -31.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €583,152 | €345,676 | -€237,476 | -40.7% |
| Stocks and contracts in progress | 3 | €295,144 | €240,525 | -€54,618 | -18.5% |
| Stocks | 30/36 | €295,144 | €240,525 | -€54,618 | -18.5% |
| Amounts receivable within one year | 40/41 | €278,041 | €99,457 | -€178,584 | -64.2% |
| Trade receivables | 40 | €195,382 | €98,479 | -€96,903 | -49.6% |
| Other amounts receivable | 41 | €82,659 | €978 | -€81,681 | -98.8% |
| Cash at bank and in hand | 54/58 | €114 | €698 | +€584 | +514% |
| Deferred charges and accrued income | 490/1 | €9,853 | €4,995 | -€4,858 | -49.3% |
| Total equity and liabilities | 10/49 | €1,071,257 | €798,722 | -€272,535 | -25.4% |
| Equity | 10/15 | €161,230 | €15,654 | -€145,576 | -90.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,553 | €1,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,553 | €1,553 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,553 | €1,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,415 | -€20,271 | -€143,685 | |
| Investment grants | 15 | €23,863 | €21,972 | -€1,891 | -7.9% |
| Amounts payable | 17/49 | €910,027 | €783,068 | -€126,958 | -14.0% |
| Amounts payable after more than one year | 17 | €486,490 | €430,640 | -€55,850 | -11.5% |
| Financial debts | 170/4 | €486,490 | €430,640 | -€55,850 | -11.5% |
| Amounts payable within one year | 42/48 | €366,255 | €334,455 | -€31,800 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €53,976 | €56,193 | +€2,217 | +4.1% |
| Financial debts | 43 | €78,987 | €79,743 | +€756 | +1.0% |
| Credit institutions | 430/8 | €78,987 | €79,743 | +€756 | +1.0% |
| Trade debts | 44 | €121,818 | €127,730 | +€5,912 | +4.9% |
| Suppliers | 440/4 | €121,818 | €127,730 | +€5,912 | +4.9% |
| Advances received on contracts in progress | 46 | €37,356 | €11,810 | -€25,546 | -68.4% |
| Taxes, remuneration and social security | 45 | €65,770 | €41,576 | -€24,194 | -36.8% |
| Taxes | 450/3 | €9,300 | €6,157 | -€3,143 | -33.8% |
| Remuneration and social security | 454/9 | €56,470 | €35,419 | -€21,052 | -37.3% |
| Other amounts payable | 47/48 | €8,348 | €17,403 | +€9,054 | +108% |
| Accrued charges and deferred income | 492/3 | €57,282 | €17,973 | -€39,309 | -68.6% |
| Non-recurring operating income | 76A | - | €2,727 | +€2,727 | |
| Remuneration, social security and pensions | 62 | €238,727 | €239,963 | +€1,237 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,997 | €53,431 | +€10,434 | +24.3% |
| Other operating charges | 640/8 | €8,881 | €17,992 | +€9,111 | +103% |
| Gross operating margin | 9900 | €272,931 | €187,527 | -€85,404 | -31.3% |
| Operating profit (loss) | 9901 | -€17,674 | -€123,860 | -€106,185 | -601% |
| Financial income | 75/76B | €5,995 | €2,054 | -€3,941 | -65.7% |
| Recurring financial income | 75 | €5,995 | €2,054 | -€3,941 | -65.7% |
| Financial charges | 65/66B | €18,875 | €21,880 | +€3,005 | +15.9% |
| Recurring financial charges | 65 | €18,875 | €21,880 | +€3,005 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,554 | -€143,685 | -€113,131 | -370% |
| Profit (loss) for the period | 9904 | -€30,554 | -€143,685 | -€113,131 | -370% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,554 | -€143,685 | -€113,131 | -370% |
Next steps
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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 6 November 2026 via checked.be.