GARDEN IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€474,165
up €474,165 (+49.6%), from €956,927 to €1.4m
of which Land and buildings: +€427,595
- Current investments -€200,000
no longer reported in 2024 (was €200,000)
- Receivables within one year +€78,373
up €78,373 (+828%), from €9,464 to €87,837
of which Trade receivables: +€68,890
- Cash +€20,176
up €20,176 (+12.0%), from €167,573 to €187,749
mainly Debts after one year (+€327,066) and Net result for the year (+€232,978)
- Debts after one year +€327,066
up €327,066 (+86.4%), from €378,330 to €705,396
- Reserves +€185,000
up €185,000 (+42.2%), from €438,584 to €623,584
of which Distributable reserves: +€185,000
- Trade debts -€123,720
no longer reported in 2024 (was €123,720)
- Current portion of long-term debt -€55,297
down €55,297 (-38.5%), from €143,675 to €88,378
- Profit (loss) carried forward +€47,978
up €47,978 (+30.9%), from €155,295 to €203,272
- Gross operating margin -€53,187
down €53,187 (-6.3%), from €849,779 to €796,591
- Taxes -€21,328
down €21,328 (-18.5%), from €115,232 to €93,904
- Staff costs -€18,911
down €18,911 (-6.3%), from €298,460 to €279,549
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,374,934 | €1,758,894 | +€383,959 | +27.9% |
| Fixed assets | 21/28 | €957,334 | €1,431,499 | +€474,165 | +49.5% |
| Tangible fixed assets | 22/27 | €956,927 | €1,431,092 | +€474,165 | +49.6% |
| Land and buildings | 22 | €726,886 | €1,154,481 | +€427,595 | +58.8% |
| Plant, machinery and equipment | 23 | €150,165 | €215,999 | +€65,835 | +43.8% |
| Furniture and vehicles | 24 | €2,611 | €13,747 | +€11,136 | +426% |
| Other tangible fixed assets | 26 | €77,265 | €46,864 | -€30,401 | -39.3% |
| Financial fixed assets | 28 | €407 | €407 | = | 0.0% |
| Current assets | 29/58 | €417,600 | €327,395 | -€90,205 | -21.6% |
| Stocks and contracts in progress | 3 | €40,564 | €40,980 | +€416 | +1.0% |
| Stocks | 30/36 | €40,564 | €40,980 | +€416 | +1.0% |
| Amounts receivable within one year | 40/41 | €9,464 | €87,837 | +€78,373 | +828% |
| Trade receivables | 40 | €1,467 | €70,357 | +€68,890 | +4,695% |
| Other amounts receivable | 41 | €7,996 | €17,479 | +€9,483 | +119% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €167,573 | €187,749 | +€20,176 | +12.0% |
| Deferred charges and accrued income | 490/1 | €0 | €10,830 | +€10,830 | |
| Total equity and liabilities | 10/49 | €1,374,934 | €1,758,894 | +€383,959 | +27.9% |
| Equity | 10/15 | €612,478 | €845,456 | +€232,978 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,584 | €623,584 | +€185,000 | +42.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €438,584 | €623,584 | +€185,000 | +42.2% |
| Profit (loss) carried forward | 14 | €155,295 | €203,272 | +€47,978 | +30.9% |
| Provisions and deferred taxes | 16 | €10,500 | €10,700 | +€200 | +1.9% |
| Provisions for liabilities and charges | 160/5 | €10,500 | €10,700 | +€200 | +1.9% |
| Other liabilities and charges | 164/5 | €10,500 | €10,700 | +€200 | +1.9% |
| Amounts payable | 17/49 | €751,956 | €902,738 | +€150,782 | +20.1% |
| Amounts payable after more than one year | 17 | €378,330 | €705,396 | +€327,066 | +86.4% |
| Financial debts | 170/4 | €378,330 | €705,396 | +€327,066 | +86.4% |
| Amounts payable within one year | 42/48 | €373,626 | €197,342 | -€176,284 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €143,675 | €88,378 | -€55,297 | -38.5% |
| Trade debts | 44 | €123,720 | - | -€123,720 | |
| Suppliers | 440/4 | €123,720 | - | -€123,720 | |
| Taxes, remuneration and social security | 45 | €102,573 | €103,753 | +€1,180 | +1.2% |
| Taxes | 450/3 | €51,575 | €54,699 | +€3,125 | +6.1% |
| Remuneration and social security | 454/9 | €50,999 | €49,054 | -€1,945 | -3.8% |
| Other amounts payable | 47/48 | €3,657 | €5,211 | +€1,553 | +42.5% |
| Non-recurring operating income | 76A | €388 | - | -€388 | |
| Remuneration, social security and pensions | 62 | €298,460 | €279,549 | -€18,911 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,339 | €133,273 | +€3,934 | +3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,275 | +€7,275 | |
| Other operating charges | 640/8 | €27,191 | €21,131 | -€6,059 | -22.3% |
| Non-recurring operating charges | 66A | €858 | €569 | -€289 | -33.7% |
| Gross operating margin | 9900 | €849,779 | €796,591 | -€53,187 | -6.3% |
| Operating profit (loss) | 9901 | €393,931 | €354,795 | -€39,136 | -9.9% |
| Financial income | 75/76B | €38 | €3,997 | +€3,960 | +10,511% |
| Recurring financial income | 75 | €38 | €3,997 | +€3,960 | +10,511% |
| Financial charges | 65/66B | €24,541 | €31,910 | +€7,369 | +30.0% |
| Recurring financial charges | 65 | €24,541 | €31,910 | +€7,369 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €369,427 | €326,881 | -€42,546 | -11.5% |
| Income taxes | 67/77 | €115,232 | €93,904 | -€21,328 | -18.5% |
| Profit (loss) for the period | 9904 | €254,195 | €232,978 | -€21,217 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254,195 | €232,978 | -€21,217 | -8.3% |
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 18 October 2026 via checked.be.