GARDENIER: 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.
GARDENIER
Largest movements
- Tangible fixed assets -€42,576
down €42,576 (-16.8%), from €252,765 to €210,189
of which Furniture and vehicles: -€22,438
- Cash -€10,401
down €10,401 (-46.8%), from €22,236 to €11,835
mainly Trade debts (-€44,241) and Debts after one year (-€28,701)
- Trade debts -€44,241
no longer reported in 2025 (was €44,241)
- Debts after one year -€28,701
down €28,701 (-11.3%), from €253,757 to €225,056
- Reserves +€17,000
up €17,000 (+94.4%), from €18,000 to €35,000
- Gross operating margin +€22,947
up €22,947 (+72.3%), from €31,753 to €54,699
- Depreciation -€7,856
down €7,856 (-20.4%), from €38,509 to €30,653
- Financial charges +€2,177
up €2,177 (+80.4%), from €2,708 to €4,884
- Other operating charges -€1,629
down €1,629 (-39.7%), from €4,104 to €2,475
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 | €347,215 | €290,410 | -€56,805 | -16.4% |
| Fixed assets | 21/28 | €252,765 | €210,189 | -€42,576 | -16.8% |
| Tangible fixed assets | 22/27 | €252,765 | €210,189 | -€42,576 | -16.8% |
| Land and buildings | 22 | €192,557 | €183,655 | -€8,903 | -4.6% |
| Plant, machinery and equipment | 23 | €20,721 | €9,486 | -€11,235 | -54.2% |
| Furniture and vehicles | 24 | €39,487 | €17,049 | -€22,438 | -56.8% |
| Current assets | 29/58 | €94,450 | €80,220 | -€14,230 | -15.1% |
| Stocks and contracts in progress | 3 | €42,500 | €42,500 | = | 0.0% |
| Stocks | 30/36 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,255 | €21,729 | -€1,526 | -6.6% |
| Trade receivables | 40 | €21,317 | €21,729 | +€411 | +1.9% |
| Other amounts receivable | 41 | €1,938 | - | -€1,938 | |
| Cash at bank and in hand | 54/58 | €22,236 | €11,835 | -€10,401 | -46.8% |
| Deferred charges and accrued income | 490/1 | €6,459 | €4,157 | -€2,303 | -35.6% |
| Total equity and liabilities | 10/49 | €347,215 | €290,410 | -€56,805 | -16.4% |
| Equity | 10/15 | €19,642 | €36,413 | +€16,771 | +85.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €35,000 | +€17,000 | +94.4% |
| Distributable reserves | 133 | €18,000 | €35,000 | +€17,000 | +94.4% |
| Profit (loss) carried forward | 14 | €642 | €413 | -€229 | -35.7% |
| Amounts payable | 17/49 | €327,573 | €253,997 | -€73,576 | -22.5% |
| Amounts payable after more than one year | 17 | €253,757 | €225,056 | -€28,701 | -11.3% |
| Financial debts | 170/4 | €253,757 | €225,056 | -€28,701 | -11.3% |
| Amounts payable within one year | 42/48 | €73,816 | €28,941 | -€44,875 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €29,575 | €27,201 | -€2,374 | -8.0% |
| Trade debts | 44 | €44,241 | - | -€44,241 | |
| Suppliers | 440/4 | €44,241 | - | -€44,241 | |
| Taxes, remuneration and social security | 45 | - | €1,740 | +€1,740 | |
| Taxes | 450/3 | - | €1,740 | +€1,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,509 | €30,653 | -€7,856 | -20.4% |
| Other operating charges | 640/8 | €4,104 | €2,475 | -€1,629 | -39.7% |
| Gross operating margin | 9900 | €31,753 | €54,699 | +€22,947 | +72.3% |
| Operating profit (loss) | 9901 | -€10,860 | €21,571 | +€32,431 | |
| Financial income | 75/76B | €16 | €84 | +€68 | +419.5% |
| Recurring financial income | 75 | €16 | €84 | +€68 | +419.5% |
| Financial charges | 65/66B | €2,708 | €4,884 | +€2,177 | +80.4% |
| Recurring financial charges | 65 | €2,708 | €4,884 | +€2,177 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,552 | €16,771 | +€30,323 | |
| Profit (loss) for the period | 9904 | -€13,552 | €16,771 | +€30,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,552 | €16,771 | +€30,323 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.