GARDEN ELEC: what changed
What changed
GARDEN ELEC
NACE 43.212, Electrical installation work in industrial facilities
filed annual accounts (NBB)
Net result for the year
€25,808
2024 · €29,025-€3,217
Equity
€328,012
2024 · €302,204+€25,808
Cash
€109,987
2024 · €110,889-€902
Balance sheet total
€352,635
2024 · €326,645+€25,989
Largest movements
Assets
- Receivables within one year +€25,039
up €25,039 (+30.0%), from €83,560 to €108,599
of which Trade receivables: +€13,194
- Stocks and contracts +€3,647
up €3,647 (+12.4%), from €29,482 to €33,130
Equity and liabilities
- Reserves +€25,808
up €25,808 (+10.3%), from €250,101 to €275,909
Income statement
- Gross operating margin -€6,809
down €6,809 (-11.2%), from €60,992 to €54,182
- Staff costs -€2,101
down €2,101 (-39.7%), from €5,290 to €3,189
- Taxes -€1,662
down €1,662 (-12.0%), from €13,888 to €12,227
- Depreciation +€723
up €723 (+6.0%), from €11,959 to €12,682
- Financial income +€611
up €611 (+131%), from €466 to €1,077
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
€29,025
Gross operating margin
-€6,809
Staff costs
+€2,101
Depreciation
-€723
Other operating charges
-€34
Financial income
+€611
Financial charges
-€24
Taxes
+€1,662
Result 2025
€25,808
raises the resultlowers 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
+€10,610
Investment
-€11,513
Financing
€0
Cash 2024
€110,889
From operations (derived)
+€10,610
Net result for the year
+€25,808
Depreciation
+€12,682
Stocks and contracts
-€3,647
Receivables within one year
-€25,039
Deferred charges and accrued income
+€626
Trade debts
+€422
Tax, wage and social debts
+€2,160
Other debts
-€2,439
Accrued charges and deferred income
+€38
Investment (derived)
-€11,513
Investment in fixed assets (net)
-€11,513
Cash 2025
€109,987
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,645 | €352,635 | +€25,989 | +8.0% |
| Fixed assets | 21/28 | €101,118 | €99,948 | -€1,170 | -1.2% |
| Tangible fixed assets | 22/27 | €100,628 | €99,459 | -€1,170 | -1.2% |
| Land and buildings | 22 | €81,251 | €87,438 | +€6,188 | +7.6% |
| Plant, machinery and equipment | 23 | €486 | €0 | -€486 | -100% |
| Furniture and vehicles | 24 | €18,892 | €12,020 | -€6,871 | -36.4% |
| Financial fixed assets | 28 | €489 | €489 | = | 0.0% |
| Current assets | 29/58 | €225,528 | €252,687 | +€27,159 | +12.0% |
| Stocks and contracts in progress | 3 | €29,482 | €33,130 | +€3,647 | +12.4% |
| Stocks | 30/36 | €29,482 | €33,130 | +€3,647 | +12.4% |
| Amounts receivable within one year | 40/41 | €83,560 | €108,599 | +€25,039 | +30.0% |
| Trade receivables | 40 | €57,906 | €71,101 | +€13,194 | +22.8% |
| Other amounts receivable | 41 | €25,654 | €37,499 | +€11,845 | +46.2% |
| Cash at bank and in hand | 54/58 | €110,889 | €109,987 | -€902 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1,596 | €971 | -€626 | -39.2% |
| Total equity and liabilities | 10/49 | €326,645 | €352,635 | +€25,989 | +8.0% |
| Equity | 10/15 | €302,204 | €328,012 | +€25,808 | +8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €250,101 | €275,909 | +€25,808 | +10.3% |
| Distributable reserves | 133 | €250,101 | €275,909 | +€25,808 | +10.3% |
| Profit (loss) carried forward | 14 | €39,704 | €39,704 | = | 0.0% |
| Amounts payable | 17/49 | €24,441 | €24,622 | +€181 | +0.7% |
| Amounts payable within one year | 42/48 | €23,670 | €23,813 | +€143 | +0.6% |
| Trade debts | 44 | €7,842 | €8,265 | +€422 | +5.4% |
| Suppliers | 440/4 | €7,842 | €8,265 | +€422 | +5.4% |
| Taxes, remuneration and social security | 45 | €3,324 | €5,483 | +€2,160 | +65.0% |
| Taxes | 450/3 | €3,324 | €5,483 | +€2,160 | +65.0% |
| Other amounts payable | 47/48 | €12,504 | €10,064 | -€2,439 | -19.5% |
| Accrued charges and deferred income | 492/3 | €771 | €810 | +€38 | +4.9% |
| Remuneration, social security and pensions | 62 | €5,290 | €3,189 | -€2,101 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,959 | €12,682 | +€723 | +6.0% |
| Other operating charges | 640/8 | €1,144 | €1,178 | +€34 | +2.9% |
| Gross operating margin | 9900 | €60,992 | €54,182 | -€6,809 | -11.2% |
| Operating profit (loss) | 9901 | €42,599 | €37,133 | -€5,466 | -12.8% |
| Financial income | 75/76B | €466 | €1,077 | +€611 | +131% |
| Recurring financial income | 75 | €466 | €1,077 | +€611 | +131% |
| Financial charges | 65/66B | €151 | €175 | +€24 | +16.0% |
| Recurring financial charges | 65 | €151 | €175 | +€24 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €42,914 | €38,035 | -€4,879 | -11.4% |
| Income taxes | 67/77 | €13,888 | €12,227 | -€1,662 | -12.0% |
| Profit (loss) for the period | 9904 | €29,025 | €25,808 | -€3,217 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,025 | €25,808 | -€3,217 | -11.1% |
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 5 November 2026 via checked.be.