Garden Projects: what changed
What changed
Garden Projects
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€23,638
2024 · €19,409+€4,229
Equity
€174,388
2024 · €153,009+€21,379
Cash
€46,811
2024 · €23,565+€23,246
Balance sheet total
€501,178
2024 · €496,014+€5,164
Largest movements
Assets
- Tangible fixed assets -€45,249
down €45,249 (-12.1%), from €375,232 to €329,983
of which Land and buildings: -€30,634
- Receivables within one year +€39,392
up €39,392 (+81.1%), from €48,558 to €87,950
of which Trade receivables: +€40,197
- Cash +€23,246
up €23,246 (+98.6%), from €23,565 to €46,811
mainly Depreciation (+€50,941) and Net result for the year (+€23,638)
- Stocks and contracts -€11,362
down €11,362 (-27.1%), from €41,903 to €30,541
of which Contracts in progress: -€15,320
Equity and liabilities
- Debts after one year -€33,761
down €33,761 (-14.5%), from €233,500 to €199,739
of which Other amounts payable: -€39,500
- Reserves +€21,379
up €21,379 (+20.9%), from €102,495 to €123,874
of which Distributable reserves: +€22,100
- Trade debts +€17,144
up €17,144 (+161%), from €10,658 to €27,802
- Tax, wage and social debts +€9,711
up €9,711 (+27.7%), from €35,100 to €44,811
of which Taxes: +€6,474
- Current portion of long-term debt -€6,571
down €6,571 (-16.8%), from €39,139 to €32,568
Income statement
- Staff costs +€19,493
up €19,493 (+11.7%), from €167,117 to €186,610
- Depreciation -€8,547
down €8,547 (-14.4%), from €59,488 to €50,941
- Taxes +€4,020
up €4,020 (+41.4%), from €9,710 to €13,730
- Gross operating margin +€3,859
up €3,859 (+1.3%), from €285,989 to €289,848
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
€19,409
Gross operating margin
+€3,859
Staff costs
-€19,493
Depreciation
+€8,547
Other operating charges
+€227
Other operating items
+€13,351
Financial income
+€2
Financial charges
+€247
Taxes
-€4,020
Deferred taxes and other
+€1,509
Result 2025
€23,638
raises the resultlowers the resultnot broken down further in the accounts
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
+€68,311
Investment
-€5,692
Financing
-€39,373
Cash 2024
€23,565
From operations (derived)
+€68,311
Net result for the year
+€23,638
Depreciation
+€50,941
Stocks and contracts
+€11,362
Receivables within one year
-€39,392
Deferred charges and accrued income
+€863
Provisions
-€179
Trade debts
+€17,144
Tax, wage and social debts
+€9,711
Advances received
-€2,121
Other debts
-€3,645
Accrued charges and deferred income
-€11
Investment (derived)
-€5,692
Investment in fixed assets (net)
-€5,692
Financing
-€39,373
Debts after one year
-€33,761
Current portion of long-term debt
-€6,571
Short-term financial debts
+€3,218
Contributions, distributions and other
-€2,259
Cash 2025
€46,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €496,014 | €501,178 | +€5,164 | +1.0% |
| Fixed assets | 21/28 | €375,232 | €329,983 | -€45,249 | -12.1% |
| Tangible fixed assets | 22/27 | €375,232 | €329,983 | -€45,249 | -12.1% |
| Land and buildings | 22 | €310,184 | €279,550 | -€30,634 | -9.9% |
| Plant, machinery and equipment | 23 | €10,889 | €6,117 | -€4,772 | -43.8% |
| Furniture and vehicles | 24 | €46,048 | €37,161 | -€8,887 | -19.3% |
| Other tangible fixed assets | 26 | €8,111 | €7,155 | -€956 | -11.8% |
| Current assets | 29/58 | €120,782 | €171,195 | +€50,413 | +41.7% |
| Stocks and contracts in progress | 3 | €41,903 | €30,541 | -€11,362 | -27.1% |
| Stocks | 30/36 | €19,195 | €23,153 | +€3,958 | +20.6% |
| Contracts in progress | 37 | €22,708 | €7,388 | -€15,320 | -67.5% |
| Amounts receivable within one year | 40/41 | €48,558 | €87,950 | +€39,392 | +81.1% |
| Trade receivables | 40 | €46,483 | €86,680 | +€40,197 | +86.5% |
| Other amounts receivable | 41 | €2,075 | €1,270 | -€805 | -38.8% |
| Cash at bank and in hand | 54/58 | €23,565 | €46,811 | +€23,246 | +98.6% |
| Deferred charges and accrued income | 490/1 | €6,756 | €5,893 | -€863 | -12.8% |
| Total equity and liabilities | 10/49 | €496,014 | €501,178 | +€5,164 | +1.0% |
| Equity | 10/15 | €153,009 | €174,388 | +€21,379 | +14.0% |
| Contributions | 10/11 | €50,514 | €50,514 | = | 0.0% |
| Reserves | 13 | €102,495 | €123,874 | +€21,379 | +20.9% |
| Non-distributable reserves | 130/1 | €4,700 | €4,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,700 | €4,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,237 | €2,516 | -€721 | -22.3% |
| Distributable reserves | 133 | €94,558 | €116,658 | +€22,100 | +23.4% |
| Provisions and deferred taxes | 16 | €789 | €610 | -€179 | -22.7% |
| Deferred taxes | 168 | €789 | €610 | -€179 | -22.7% |
| Amounts payable | 17/49 | €342,216 | €326,180 | -€16,036 | -4.7% |
| Amounts payable after more than one year | 17 | €233,500 | €199,739 | -€33,761 | -14.5% |
| Financial debts | 170/4 | €194,000 | €199,739 | +€5,739 | +3.0% |
| Other amounts payable | 178/9 | €39,500 | - | -€39,500 | |
| Amounts payable within one year | 42/48 | €106,709 | €124,445 | +€17,736 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €39,139 | €32,568 | -€6,571 | -16.8% |
| Financial debts | 43 | €14,393 | €17,611 | +€3,218 | +22.4% |
| Credit institutions | 430/8 | €14,393 | €17,611 | +€3,218 | +22.4% |
| Trade debts | 44 | €10,658 | €27,802 | +€17,144 | +161% |
| Suppliers | 440/4 | €10,658 | €27,802 | +€17,144 | +161% |
| Advances received on contracts in progress | 46 | €2,121 | - | -€2,121 | |
| Taxes, remuneration and social security | 45 | €35,100 | €44,811 | +€9,711 | +27.7% |
| Taxes | 450/3 | €12,837 | €19,311 | +€6,474 | +50.4% |
| Remuneration and social security | 454/9 | €22,263 | €25,500 | +€3,237 | +14.5% |
| Other amounts payable | 47/48 | €5,298 | €1,653 | -€3,645 | -68.8% |
| Accrued charges and deferred income | 492/3 | €2,007 | €1,996 | -€11 | -0.5% |
| Remuneration, social security and pensions | 62 | €167,117 | €186,610 | +€19,493 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,488 | €50,941 | -€8,547 | -14.4% |
| Other operating charges | 640/8 | €4,971 | €4,744 | -€227 | -4.6% |
| Non-recurring operating charges | 66A | €13,351 | - | -€13,351 | |
| Gross operating margin | 9900 | €285,989 | €289,848 | +€3,859 | +1.3% |
| Operating profit (loss) | 9901 | €41,062 | €47,553 | +€6,491 | +15.8% |
| Financial income | 75/76B | €38 | €40 | +€2 | +5.3% |
| Recurring financial income | 75 | €38 | €40 | +€2 | +5.3% |
| Financial charges | 65/66B | €11,192 | €10,945 | -€247 | -2.2% |
| Recurring financial charges | 65 | €11,192 | €10,945 | -€247 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €29,908 | €36,648 | +€6,740 | +22.5% |
| Transfer from deferred taxes | 780 | €111 | €720 | +€609 | +549% |
| Transfer to deferred taxes | 680 | €900 | - | -€900 | |
| Income taxes | 67/77 | €9,710 | €13,730 | +€4,020 | +41.4% |
| Profit (loss) for the period | 9904 | €19,409 | €23,638 | +€4,229 | +21.8% |
| Transfer from tax-exempt reserves | 789 | €442 | €180 | -€262 | -59.3% |
| Transfer to tax-exempt reserves | 689 | €3,600 | - | -€3,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,251 | €23,818 | +€7,567 | +46.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.