GARDENFORUM: what changed
What changed
GARDENFORUM
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
filed annual accounts (NBB)
Net result for the year
€58,713
2024 · €44,115+€14,598
Equity
€903,858
2024 · €846,424+€57,434
Cash
€53,254
2024 · €186,834-€133,580
Balance sheet total
€1.3m
2024 · €1.3m-€41,086
Largest movements
Assets
- Cash -€133,580
down €133,580 (-71.5%), from €186,834 to €53,254
mainly Other debts (-€100,406) and Stocks and contracts (-€97,890)
- Stocks and contracts +€97,890
up €97,890 (+30.9%), from €316,388 to €414,279
Equity and liabilities
- Other debts -€100,406
down €100,406 (-91.0%), from €110,371 to €9,965
- Reserves +€57,434
up €57,434 (+8.9%), from €648,109 to €705,543
of which Distributable reserves: +€58,713
Income statement
- Gross operating margin +€55,125
up €55,125 (+18.4%), from €299,087 to €354,212
- Staff costs +€19,904
up €19,904 (+13.2%), from €151,035 to €170,938
- Taxes +€10,763
up €10,763 (+97.3%), from €11,064 to €21,827
- Depreciation +€9,480
up €9,480 (+14.9%), from €63,480 to €72,961
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
€44,115
Gross operating margin
+€55,125
Staff costs
-€19,904
Depreciation
-€9,480
Other operating charges
+€1,176
Financial income
-€2,126
Financial charges
+€143
Taxes
-€10,763
Deferred taxes and other
+€426
Result 2025
€58,713
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
-€52,588
Investment
-€85,000
Financing
+€4,008
Cash 2024
€186,834
From operations (derived)
-€52,588
Net result for the year
+€58,713
Depreciation
+€72,961
Stocks and contracts
-€97,890
Receivables within one year
+€6,332
Deferred charges and accrued income
+€11,104
Provisions
-€426
Trade debts
+€6,082
Tax, wage and social debts
-€9,056
Other debts
-€100,406
Investment (derived)
-€85,000
Investment in fixed assets (net)
-€85,000
Financing
+€4,008
Debts after one year
+€9,215
Current portion of long-term debt
-€3,928
Contributions, distributions and other
-€1,279
Cash 2025
€53,254
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,345,439 | €1,304,354 | -€41,086 | -3.1% |
| Fixed assets | 21/28 | €792,345 | €804,385 | +€12,039 | +1.5% |
| Tangible fixed assets | 22/27 | €791,846 | €803,886 | +€12,039 | +1.5% |
| Land and buildings | 22 | €602,415 | €592,882 | -€9,533 | -1.6% |
| Plant, machinery and equipment | 23 | €120,631 | €93,286 | -€27,345 | -22.7% |
| Furniture and vehicles | 24 | €68,800 | €117,717 | +€48,918 | +71.1% |
| Financial fixed assets | 28 | €499 | €499 | = | 0.0% |
| Current assets | 29/58 | €553,094 | €499,969 | -€53,125 | -9.6% |
| Stocks and contracts in progress | 3 | €316,388 | €414,279 | +€97,890 | +30.9% |
| Stocks | 30/36 | €316,388 | €414,279 | +€97,890 | +30.9% |
| Amounts receivable within one year | 40/41 | €34,872 | €28,540 | -€6,332 | -18.2% |
| Trade receivables | 40 | €34,872 | €28,540 | -€6,332 | -18.2% |
| Cash at bank and in hand | 54/58 | €186,834 | €53,254 | -€133,580 | -71.5% |
| Deferred charges and accrued income | 490/1 | €15,000 | €3,896 | -€11,104 | -74.0% |
| Total equity and liabilities | 10/49 | €1,345,439 | €1,304,354 | -€41,086 | -3.1% |
| Equity | 10/15 | €846,424 | €903,858 | +€57,434 | +6.8% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €648,109 | €705,543 | +€57,434 | +8.9% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,800 | €26,521 | -€1,279 | -4.6% |
| Distributable reserves | 133 | €600,478 | €659,191 | +€58,713 | +9.8% |
| Provisions and deferred taxes | 16 | €2,983 | €2,557 | -€426 | -14.3% |
| Deferred taxes | 168 | €2,983 | €2,557 | -€426 | -14.3% |
| Amounts payable | 17/49 | €496,032 | €397,938 | -€98,094 | -19.8% |
| Amounts payable after more than one year | 17 | €222,110 | €231,325 | +€9,215 | +4.1% |
| Financial debts | 170/4 | €222,110 | €231,325 | +€9,215 | +4.1% |
| Amounts payable within one year | 42/48 | €273,922 | €166,614 | -€107,308 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €79,648 | €75,720 | -€3,928 | -4.9% |
| Trade debts | 44 | €40,387 | €46,469 | +€6,082 | +15.1% |
| Suppliers | 440/4 | €40,387 | €46,469 | +€6,082 | +15.1% |
| Taxes, remuneration and social security | 45 | €43,515 | €34,460 | -€9,056 | -20.8% |
| Taxes | 450/3 | €21,046 | €21,149 | +€103 | +0.5% |
| Remuneration and social security | 454/9 | €22,470 | €13,311 | -€9,158 | -40.8% |
| Other amounts payable | 47/48 | €110,371 | €9,965 | -€100,406 | -91.0% |
| Non-recurring operating income | 76A | €10,306 | - | -€10,306 | |
| Remuneration, social security and pensions | 62 | €151,035 | €170,938 | +€19,904 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,480 | €72,961 | +€9,480 | +14.9% |
| Other operating charges | 640/8 | €11,428 | €10,252 | -€1,176 | -10.3% |
| Gross operating margin | 9900 | €299,087 | €354,212 | +€55,125 | +18.4% |
| Operating profit (loss) | 9901 | €73,144 | €100,062 | +€26,918 | +36.8% |
| Financial income | 75/76B | €3,152 | €1,026 | -€2,126 | -67.4% |
| Recurring financial income | 75 | €3,152 | €1,026 | -€2,126 | -67.4% |
| Financial charges | 65/66B | €22,396 | €22,253 | -€143 | -0.6% |
| Recurring financial charges | 65 | €22,396 | €22,253 | -€143 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €53,900 | €78,835 | +€24,935 | +46.3% |
| Transfer from deferred taxes | 780 | €1,279 | €1,705 | +€426 | +33.3% |
| Income taxes | 67/77 | €11,064 | €21,827 | +€10,763 | +97.3% |
| Profit (loss) for the period | 9904 | €44,115 | €58,713 | +€14,598 | +33.1% |
| Transfer from tax-exempt reserves | 789 | €426 | - | -€426 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,541 | €58,713 | +€14,172 | +31.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.