Gardeneden: 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.
Gardeneden
Largest movements
- Intangible fixed assets -€18,750
down €18,750 (-16.7%), from €112,551 to €93,801
- Receivables within one year -€7,948
down €7,948 (-37.6%), from €21,110 to €13,162
of which Other amounts receivable: -€11,371
- Tangible fixed assets -€6,590
down €6,590 (-20.9%), from €31,516 to €24,927
of which Furniture and vehicles: -€6,579
- Cash +€2,501
up €2,501 (+117%), from €2,137 to €4,638
mainly Depreciation (+€31,367) and Receivables within one year (+€7,948)
- Other debts -€16,561
down €16,561 (-15.4%), from €107,883 to €91,321
- Profit (loss) carried forward -€10,563
down €10,563 (-601%), from -€1,758 to -€12,321
- Trade debts -€2,797
down €2,797 (-5.7%), from €48,901 to €46,104
- Gross operating margin -€14,460
down €14,460 (-12.3%), from €117,258 to €102,799
- Staff costs +€4,330
up €4,330 (+5.7%), from €75,423 to €79,753
- Other operating charges +€1,265
up €1,265 (+256%), from €494 to €1,759
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 | €169,032 | €138,321 | -€30,711 | -18.2% |
| Fixed assets | 21/28 | €144,378 | €119,638 | -€24,740 | -17.1% |
| Intangible fixed assets | 21 | €112,551 | €93,801 | -€18,750 | -16.7% |
| Tangible fixed assets | 22/27 | €31,516 | €24,927 | -€6,590 | -20.9% |
| Plant, machinery and equipment | 23 | €3,844 | €3,834 | -€10 | -0.3% |
| Furniture and vehicles | 24 | €27,672 | €21,093 | -€6,579 | -23.8% |
| Financial fixed assets | 28 | €310 | €910 | +€600 | +194% |
| Current assets | 29/58 | €24,654 | €18,682 | -€5,971 | -24.2% |
| Amounts receivable within one year | 40/41 | €21,110 | €13,162 | -€7,948 | -37.6% |
| Trade receivables | 40 | €6,658 | €10,081 | +€3,423 | +51.4% |
| Other amounts receivable | 41 | €14,452 | €3,081 | -€11,371 | -78.7% |
| Cash at bank and in hand | 54/58 | €2,137 | €4,638 | +€2,501 | +117% |
| Deferred charges and accrued income | 490/1 | €1,407 | €883 | -€524 | -37.3% |
| Total equity and liabilities | 10/49 | €169,032 | €138,321 | -€30,711 | -18.2% |
| Equity | 10/15 | €1,242 | -€9,321 | -€10,563 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,758 | -€12,321 | -€10,563 | -601% |
| Amounts payable | 17/49 | €167,790 | €147,642 | -€20,148 | -12.0% |
| Amounts payable within one year | 42/48 | €166,326 | €147,642 | -€18,684 | -11.2% |
| Trade debts | 44 | €48,901 | €46,104 | -€2,797 | -5.7% |
| Suppliers | 440/4 | €48,901 | €46,104 | -€2,797 | -5.7% |
| Taxes, remuneration and social security | 45 | €9,543 | €10,217 | +€674 | +7.1% |
| Taxes | 450/3 | €4,156 | €1,052 | -€3,104 | -74.7% |
| Remuneration and social security | 454/9 | €5,387 | €9,165 | +€3,778 | +70.1% |
| Other amounts payable | 47/48 | €107,883 | €91,321 | -€16,561 | -15.4% |
| Accrued charges and deferred income | 492/3 | €1,463 | - | -€1,463 | |
| Remuneration, social security and pensions | 62 | €75,423 | €79,753 | +€4,330 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,907 | €31,367 | -€540 | -1.7% |
| Other operating charges | 640/8 | €494 | €1,759 | +€1,265 | +256% |
| Gross operating margin | 9900 | €117,258 | €102,799 | -€14,460 | -12.3% |
| Operating profit (loss) | 9901 | €9,435 | -€10,080 | -€19,515 | |
| Financial income | 75/76B | €35 | €87 | +€52 | +149% |
| Recurring financial income | 75 | €35 | €87 | +€52 | +149% |
| Financial charges | 65/66B | €37 | €290 | +€252 | +679% |
| Recurring financial charges | 65 | €37 | €290 | +€252 | +679% |
| Profit (loss) for the period before taxes | 9903 | €9,433 | -€10,282 | -€19,715 | |
| Income taxes | 67/77 | €1,125 | - | -€1,125 | |
| Profit (loss) for the period | 9904 | €8,308 | -€10,282 | -€18,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,308 | -€10,282 | -€18,590 |
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 13 October 2026 via checked.be.