GARDEN SPRING: what changed
Two fiscal 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 SPRING
Largest movements
- Receivables within one year -€7,441
down €7,441 (-63.3%), from €11,761 to €4,320
of which Trade receivables: -€4,313
- Tangible fixed assets -€5,168
down €5,168 (-27.0%), from €19,156 to €13,988
of which Furniture and vehicles: -€4,697
- Financial fixed assets +€1,680
up €1,680 (+1763.2%), from €95 to €1,775
- Cash -€1,386
down €1,386 (-32.4%), from €4,282 to €2,895
mainly Net result for the year (-€7,798) and Other debts (-€5,542)
- Profit (loss) carried forward -€7,798
down €7,798 (-47.9%), from -€16,281 to -€24,079
- Other debts -€5,542
down €5,542 (-11.5%), from €48,179 to €42,636
- Tax, wage and social debts +€1,319
up €1,319 (+726.4%), from €182 to €1,500
of which Remuneration and social security: +€1,500
- Gross operating margin -€9,935
down €9,935, from €8,101 to -€1,835
- Depreciation +€3,993
up €3,993 (+340.0%), from €1,174 to €5,168
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,295 | €23,037 | -€12,258 | -34.7% |
| Fixed assets | 21/28 | €19,252 | €15,764 | -€3,488 | -18.1% |
| Tangible fixed assets | 22/27 | €19,156 | €13,988 | -€5,168 | -27.0% |
| Plant, machinery and equipment | 23 | €627 | €156 | -€471 | -75.1% |
| Furniture and vehicles | 24 | €18,530 | €13,832 | -€4,697 | -25.3% |
| Financial fixed assets | 28 | €95 | €1,775 | +€1,680 | +1763.2% |
| Current assets | 29/58 | €16,043 | €7,273 | -€8,770 | -54.7% |
| Amounts receivable within one year | 40/41 | €11,761 | €4,320 | -€7,441 | -63.3% |
| Trade receivables | 40 | €8,314 | €4,002 | -€4,313 | -51.9% |
| Other amounts receivable | 41 | €3,447 | €318 | -€3,128 | -90.8% |
| Cash at bank and in hand | 54/58 | €4,282 | €2,895 | -€1,386 | -32.4% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €35,295 | €23,037 | -€12,258 | -34.7% |
| Equity | 10/15 | -€13,781 | -€21,579 | -€7,798 | -56.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,281 | -€24,079 | -€7,798 | -47.9% |
| Amounts payable | 17/49 | €49,075 | €44,616 | -€4,460 | -9.1% |
| Amounts payable within one year | 42/48 | €49,075 | €44,616 | -€4,460 | -9.1% |
| Trade debts | 44 | €715 | €479 | -€236 | -33.0% |
| Suppliers | 440/4 | €715 | €479 | -€236 | -33.0% |
| Taxes, remuneration and social security | 45 | €182 | €1,500 | +€1,319 | +726.4% |
| Taxes | 450/3 | €182 | - | -€182 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €48,179 | €42,636 | -€5,542 | -11.5% |
| Non-recurring operating income | 76A | €239 | - | -€239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174 | €5,168 | +€3,993 | +340.0% |
| Other operating charges | 640/8 | €648 | €701 | +€53 | +8.1% |
| Gross operating margin | 9900 | €8,101 | -€1,835 | -€9,935 | |
| Operating profit (loss) | 9901 | €6,278 | -€7,703 | -€13,981 | |
| Financial income | 75/76B | €76 | €26 | -€50 | -65.6% |
| Recurring financial income | 75 | €76 | €26 | -€50 | -65.6% |
| Financial charges | 65/66B | €112 | €122 | +€9 | +8.4% |
| Recurring financial charges | 65 | €112 | €122 | +€9 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €6,243 | -€7,798 | -€14,041 | |
| Profit (loss) for the period | 9904 | €6,243 | -€7,798 | -€14,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,243 | -€7,798 | -€14,041 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.