GARDEN FORUM: what changed
GARDEN FORUM
Largest movements
- Cash +€89,318
up €89,318 (+22,512%), from €397 to €89,715
mainly Net result for the year (+€86,426) and Investment in fixed assets (net) (+€41,544)
- Tangible fixed assets -€49,054
down €49,054 (-69.0%), from €71,073 to €22,019
of which Land and buildings: -€54,800
- Receivables within one year +€13,300
up €13,300 (+74.5%), from €17,852 to €31,153
of which Other amounts receivable: +€8,966
- Reserves +€56,500
up €56,500 (+186%), from €30,359 to €86,859
of which Distributable reserves: +€56,500
- Short-term financial debts -€27,618
no longer reported in 2025 (was €27,618)
- Profit (loss) carried forward +€16,426
up €16,426 (+414%), from €3,970 to €20,396
- Other debts +€13,500
new in 2025: €13,500
- Trade debts -€4,869
down €4,869 (-72.5%), from €6,716 to €1,847
- Gross operating margin +€135,159
up €135,159, from -€4,602 to €130,557
- Taxes +€33,307
up €33,307 (+6,422%), from €519 to €33,825
- Write-downs -€2,079
new in 2025: -€2,079
- Depreciation +€1,738
up €1,738 (+30.1%), from €5,772 to €7,510
- Other operating charges +€1,452
up €1,452 (+117%), from €1,243 to €2,695
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,383 | €145,020 | +€53,636 | +58.7% |
| Fixed assets | 21/28 | €71,073 | €22,019 | -€49,054 | -69.0% |
| Tangible fixed assets | 22/27 | €71,073 | €22,019 | -€49,054 | -69.0% |
| Land and buildings | 22 | €54,800 | - | -€54,800 | |
| Plant, machinery and equipment | 23 | - | €423 | +€423 | |
| Furniture and vehicles | 24 | €4,931 | €5,277 | +€346 | +7.0% |
| Other tangible fixed assets | 26 | €11,343 | €16,319 | +€4,977 | +43.9% |
| Current assets | 29/58 | €20,310 | €123,001 | +€102,691 | +506% |
| Amounts receivable within one year | 40/41 | €17,852 | €31,153 | +€13,300 | +74.5% |
| Trade receivables | 40 | €9,891 | €14,225 | +€4,334 | +43.8% |
| Other amounts receivable | 41 | €7,961 | €16,927 | +€8,966 | +113% |
| Cash at bank and in hand | 54/58 | €397 | €89,715 | +€89,318 | +22,512% |
| Deferred charges and accrued income | 490/1 | €2,061 | €2,133 | +€72 | +3.5% |
| Total equity and liabilities | 10/49 | €91,383 | €145,020 | +€53,636 | +58.7% |
| Equity | 10/15 | €52,921 | €125,847 | +€72,926 | +138% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,359 | €86,859 | +€56,500 | +186% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,500 | €85,000 | +€56,500 | +198% |
| Profit (loss) carried forward | 14 | €3,970 | €20,396 | +€16,426 | +414% |
| Amounts payable | 17/49 | €38,462 | €19,173 | -€19,289 | -50.2% |
| Amounts payable within one year | 42/48 | €37,766 | €19,173 | -€18,594 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €3,432 | - | -€3,432 | |
| Financial debts | 43 | €27,618 | - | -€27,618 | |
| Credit institutions | 430/8 | €27,618 | - | -€27,618 | |
| Trade debts | 44 | €6,716 | €1,847 | -€4,869 | -72.5% |
| Suppliers | 440/4 | €6,716 | €1,847 | -€4,869 | -72.5% |
| Taxes, remuneration and social security | 45 | - | €3,825 | +€3,825 | |
| Taxes | 450/3 | - | €3,825 | +€3,825 | |
| Other amounts payable | 47/48 | - | €13,500 | +€13,500 | |
| Accrued charges and deferred income | 492/3 | €696 | - | -€696 | |
| Non-recurring operating income | 76A | - | €145,200 | +€145,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,772 | €7,510 | +€1,738 | +30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,079 | -€2,079 | |
| Other operating charges | 640/8 | €1,243 | €2,695 | +€1,452 | +117% |
| Gross operating margin | 9900 | -€4,602 | €130,557 | +€135,159 | |
| Operating profit (loss) | 9901 | -€11,618 | €122,431 | +€134,049 | |
| Financial income | 75/76B | - | €523 | +€523 | |
| Recurring financial income | 75 | - | €523 | +€523 | |
| Financial charges | 65/66B | €2,126 | €2,703 | +€577 | +27.1% |
| Recurring financial charges | 65 | €2,126 | €2,703 | +€577 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,744 | €120,251 | +€133,995 | |
| Income taxes | 67/77 | €519 | €33,825 | +€33,307 | +6,422% |
| Profit (loss) for the period | 9904 | -€14,263 | €86,426 | +€100,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,263 | €86,426 | +€100,688 |
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.