GARDEN SYLVA: 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 SYLVA
Largest movements
- Tangible fixed assets -€54,992
down €54,992 (-34.9%), from €157,676 to €102,684
of which Furniture and vehicles: -€28,285
- Receivables within one year -€27,480
down €27,480 (-53.7%), from €51,144 to €23,663
of which Trade receivables: -€22,351
- Cash +€24,058
up €24,058 (+10.2%), from €236,385 to €260,443
mainly Depreciation (+€76,836) and Receivables within one year (+€27,480)
- Current investments +€9,258
up €9,258 (+44.0%), from €21,028 to €30,285
- Debts after one year -€32,599
down €32,599 (-53.0%), from €61,460 to €28,861
- Profit (loss) carried forward -€25,447
down €25,447 (-41.6%), from -€61,205 to -€86,652
- Other debts +€13,021
up €13,021 (+101%), from €12,920 to €25,941
- Current portion of long-term debt -€10,396
down €10,396 (-19.6%), from €52,995 to €42,599
- Trade debts +€4,869
up €4,869 (+42.3%), from €11,520 to €16,389
- Staff costs +€20,235
up €20,235 (+15.9%), from €127,552 to €147,786
- Gross operating margin -€17,398
down €17,398 (-7.9%), from €219,162 to €201,763
- Depreciation -€10,057
down €10,057 (-11.6%), from €86,893 to €76,836
- Financial charges -€2,198
down €2,198 (-30.6%), from €7,172 to €4,974
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.
Derived cash bridge
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 | €471,643 | €419,848 | -€51,794 | -11.0% |
| Fixed assets | 21/28 | €157,676 | €102,684 | -€54,992 | -34.9% |
| Tangible fixed assets | 22/27 | €157,676 | €102,684 | -€54,992 | -34.9% |
| Land and buildings | 22 | €1,240 | €930 | -€310 | -25.0% |
| Plant, machinery and equipment | 23 | €79,536 | €53,139 | -€26,397 | -33.2% |
| Furniture and vehicles | 24 | €76,900 | €48,615 | -€28,285 | -36.8% |
| Current assets | 29/58 | €313,966 | €317,164 | +€3,198 | +1.0% |
| Stocks and contracts in progress | 3 | €2,182 | €1,676 | -€506 | -23.2% |
| Stocks | 30/36 | €2,182 | €1,676 | -€506 | -23.2% |
| Amounts receivable within one year | 40/41 | €51,144 | €23,663 | -€27,480 | -53.7% |
| Trade receivables | 40 | €34,997 | €12,645 | -€22,351 | -63.9% |
| Other amounts receivable | 41 | €16,147 | €11,018 | -€5,129 | -31.8% |
| Current investments | 50/53 | €21,028 | €30,285 | +€9,258 | +44.0% |
| Cash at bank and in hand | 54/58 | €236,385 | €260,443 | +€24,058 | +10.2% |
| Deferred charges and accrued income | 490/1 | €3,228 | €1,097 | -€2,131 | -66.0% |
| Total equity and liabilities | 10/49 | €471,643 | €419,848 | -€51,794 | -11.0% |
| Equity | 10/15 | €311,156 | €282,867 | -€28,289 | -9.1% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €198,275 | €198,275 | = | 0.0% |
| Distributable reserves | 133 | €198,275 | €198,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,205 | -€86,652 | -€25,447 | -41.6% |
| Investment grants | 15 | €5,487 | €2,645 | -€2,842 | -51.8% |
| Amounts payable | 17/49 | €160,487 | €136,981 | -€23,506 | -14.6% |
| Amounts payable after more than one year | 17 | €61,460 | €28,861 | -€32,599 | -53.0% |
| Financial debts | 170/4 | €61,460 | €28,861 | -€32,599 | -53.0% |
| Amounts payable within one year | 42/48 | €99,027 | €108,120 | +€9,093 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €52,995 | €42,599 | -€10,396 | -19.6% |
| Trade debts | 44 | €11,520 | €16,389 | +€4,869 | +42.3% |
| Suppliers | 440/4 | €11,520 | €16,389 | +€4,869 | +42.3% |
| Taxes, remuneration and social security | 45 | €21,592 | €23,191 | +€1,600 | +7.4% |
| Taxes | 450/3 | €356 | €2,526 | +€2,170 | +609% |
| Remuneration and social security | 454/9 | €21,235 | €20,665 | -€570 | -2.7% |
| Other amounts payable | 47/48 | €12,920 | €25,941 | +€13,021 | +101% |
| Remuneration, social security and pensions | 62 | €127,552 | €147,786 | +€20,235 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,893 | €76,836 | -€10,057 | -11.6% |
| Other operating charges | 640/8 | €3,086 | €2,932 | -€153 | -5.0% |
| Non-recurring operating charges | 66A | €8,870 | €2,350 | -€6,520 | -73.5% |
| Gross operating margin | 9900 | €219,162 | €201,763 | -€17,398 | -7.9% |
| Operating profit (loss) | 9901 | -€7,238 | -€28,142 | -€20,903 | -289% |
| Financial income | 75/76B | €6,014 | €7,818 | +€1,803 | +30.0% |
| Recurring financial income | 75 | €3,862 | €7,818 | +€3,956 | +102% |
| Non-recurring financial income | 76B | €2,153 | - | -€2,153 | |
| Financial charges | 65/66B | €7,172 | €4,974 | -€2,198 | -30.6% |
| Recurring financial charges | 65 | €7,172 | €4,974 | -€2,198 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,396 | -€25,298 | -€16,902 | -201% |
| Income taxes | 67/77 | €148 | €149 | +€2 | +1.2% |
| Profit (loss) for the period | 9904 | -€8,543 | -€25,447 | -€16,903 | -198% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,543 | -€25,447 | -€16,903 | -198% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.