GARDENIA: 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.
GARDENIA
Largest movements
- Cash +€82,397
up €82,397 (+137%), from €60,233 to €142,629
mainly Other debts (+€119,769) and Receivables within one year (+€34,740)
- Receivables within one year -€34,740
down €34,740 (-16.0%), from €216,794 to €182,054
of which Trade receivables: -€37,073
- Stocks and contracts +€10,221
new in 2025: €10,221
- Tangible fixed assets -€5,180
down €5,180 (-52.6%), from €9,843 to €4,664
of which Furniture and vehicles: -€4,928
- Other debts +€119,769
new in 2025: €119,769
- Reserves -€89,890
down €89,890 (-32.9%), from €273,609 to €183,718
- Tax, wage and social debts +€15,396
up €15,396 (+5,280%), from €292 to €15,687
- Profit (loss) carried forward +€3,749
no longer reported in 2025 (was -€3,749)
- Gross operating margin +€36,978
up €36,978 (+196%), from €18,838 to €55,817
- Taxes +€17,643
up €17,643, from -€1,726 to €15,917
- Financial charges -€748
down €748 (-40.9%), from €1,830 to €1,081
- Depreciation -€578
down €578 (-10.0%), from €5,758 to €5,180
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 | €286,870 | €339,568 | +€52,698 | +18.4% |
| Fixed assets | 21/28 | €9,843 | €4,664 | -€5,180 | -52.6% |
| Tangible fixed assets | 22/27 | €9,843 | €4,664 | -€5,180 | -52.6% |
| Plant, machinery and equipment | 23 | €252 | - | -€252 | |
| Furniture and vehicles | 24 | €9,591 | €4,664 | -€4,928 | -51.4% |
| Current assets | 29/58 | €277,026 | €334,904 | +€57,877 | +20.9% |
| Stocks and contracts in progress | 3 | - | €10,221 | +€10,221 | |
| Stocks | 30/36 | - | €10,221 | +€10,221 | |
| Amounts receivable within one year | 40/41 | €216,794 | €182,054 | -€34,740 | -16.0% |
| Trade receivables | 40 | €121,046 | €83,973 | -€37,073 | -30.6% |
| Other amounts receivable | 41 | €95,748 | €98,081 | +€2,333 | +2.4% |
| Cash at bank and in hand | 54/58 | €60,233 | €142,629 | +€82,397 | +137% |
| Total equity and liabilities | 10/49 | €286,870 | €339,568 | +€52,698 | +18.4% |
| Equity | 10/15 | €276,059 | €189,918 | -€86,141 | -31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,609 | €183,718 | -€89,890 | -32.9% |
| Distributable reserves | 133 | €273,609 | €183,718 | -€89,890 | -32.9% |
| Profit (loss) carried forward | 14 | -€3,749 | - | +€3,749 | |
| Amounts payable | 17/49 | €10,811 | €149,649 | +€138,839 | +1,284% |
| Amounts payable within one year | 42/48 | €3,248 | €139,478 | +€136,230 | +4,194% |
| Trade debts | 44 | €2,957 | €4,022 | +€1,065 | +36.0% |
| Suppliers | 440/4 | €2,957 | €4,022 | +€1,065 | +36.0% |
| Taxes, remuneration and social security | 45 | €292 | €15,687 | +€15,396 | +5,280% |
| Taxes | 450/3 | €292 | €15,687 | +€15,396 | +5,280% |
| Other amounts payable | 47/48 | - | €119,769 | +€119,769 | |
| Accrued charges and deferred income | 492/3 | €7,562 | €10,171 | +€2,609 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,758 | €5,180 | -€578 | -10.0% |
| Other operating charges | 640/8 | €736 | €605 | -€131 | -17.8% |
| Gross operating margin | 9900 | €18,838 | €55,817 | +€36,978 | +196% |
| Operating profit (loss) | 9901 | €12,345 | €50,032 | +€37,687 | +305% |
| Financial income | 75/76B | €248 | €593 | +€345 | +139% |
| Recurring financial income | 75 | €248 | €593 | +€345 | +139% |
| Financial charges | 65/66B | €1,830 | €1,081 | -€748 | -40.9% |
| Recurring financial charges | 65 | €1,830 | €1,081 | -€748 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €10,764 | €49,544 | +€38,781 | +360% |
| Income taxes | 67/77 | -€1,726 | €15,917 | +€17,643 | |
| Profit (loss) for the period | 9904 | €12,490 | €33,628 | +€21,138 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €12,490 | €33,628 | +€21,138 | +169% |
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 19 October 2026 via checked.be.