GARDESIGN: 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.
GARDESIGN
Largest movements
- Stocks and contracts -€76,496
down €76,496 (-93.5%), from €81,843 to €5,347
of which Contracts in progress: -€65,406
- Receivables within one year +€58,177
up €58,177 (+19.2%), from €302,456 to €360,633
of which Trade receivables: +€51,192
- Tangible fixed assets -€31,048
down €31,048 (-23.1%), from €134,591 to €103,543
of which Furniture and vehicles: -€15,768
- Cash +€19,046
up €19,046 (+29.9%), from €63,637 to €82,683
mainly Stocks and contracts (+€76,496) and Depreciation (+€35,287)
- Debts after one year -€23,906
down €23,906 (-80.5%), from €29,696 to €5,791
- Current portion of long-term debt -€6,391
down €6,391 (-21.1%), from €30,297 to €23,906
- Trade debts -€6,231
down €6,231 (-7.2%), from €87,011 to €80,780
- Write-downs +€22,452
up €22,452, from -€22,452 to €0
- Other operating charges -€19,961
down €19,961 (-73.4%), from €27,206 to €7,245
- Gross operating margin +€9,539
up €9,539 (+3.2%), from €296,572 to €306,111
- Staff costs +€8,970
up €8,970 (+3.6%), from €248,741 to €257,711
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 | €589,897 | €557,452 | -€32,446 | -5.5% |
| Fixed assets | 21/28 | €135,380 | €104,032 | -€31,348 | -23.2% |
| Intangible fixed assets | 21 | €639 | €339 | -€300 | -46.9% |
| Tangible fixed assets | 22/27 | €134,591 | €103,543 | -€31,048 | -23.1% |
| Plant, machinery and equipment | 23 | €73,003 | €61,518 | -€11,485 | -15.7% |
| Furniture and vehicles | 24 | €41,627 | €25,859 | -€15,768 | -37.9% |
| Leasing and similar rights | 25 | €7,465 | €5,598 | -€1,866 | -25.0% |
| Other tangible fixed assets | 26 | €12,496 | €10,567 | -€1,929 | -15.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €454,517 | €453,420 | -€1,097 | -0.2% |
| Stocks and contracts in progress | 3 | €81,843 | €5,347 | -€76,496 | -93.5% |
| Stocks | 30/36 | €16,437 | €5,347 | -€11,090 | -67.5% |
| Contracts in progress | 37 | €65,406 | €0 | -€65,406 | -100.0% |
| Amounts receivable within one year | 40/41 | €302,456 | €360,633 | +€58,177 | +19.2% |
| Trade receivables | 40 | €200,212 | €251,404 | +€51,192 | +25.6% |
| Other amounts receivable | 41 | €102,244 | €109,228 | +€6,984 | +6.8% |
| Cash at bank and in hand | 54/58 | €63,637 | €82,683 | +€19,046 | +29.9% |
| Deferred charges and accrued income | 490/1 | €6,580 | €4,757 | -€1,824 | -27.7% |
| Total equity and liabilities | 10/49 | €589,897 | €557,452 | -€32,446 | -5.5% |
| Equity | 10/15 | €233,537 | €239,422 | +€5,885 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,937 | €220,822 | +€5,885 | +2.7% |
| Distributable reserves | 133 | €214,937 | €220,822 | +€5,885 | +2.7% |
| Amounts payable | 17/49 | €356,360 | €318,029 | -€38,331 | -10.8% |
| Amounts payable after more than one year | 17 | €29,696 | €5,791 | -€23,906 | -80.5% |
| Financial debts | 170/4 | €29,696 | €5,791 | -€23,906 | -80.5% |
| Amounts payable within one year | 42/48 | €326,664 | €311,879 | -€14,785 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €30,297 | €23,906 | -€6,391 | -21.1% |
| Trade debts | 44 | €87,011 | €80,780 | -€6,231 | -7.2% |
| Suppliers | 440/4 | €87,011 | €80,780 | -€6,231 | -7.2% |
| Taxes, remuneration and social security | 45 | €31,452 | €33,286 | +€1,833 | +5.8% |
| Taxes | 450/3 | €3,814 | €10,066 | +€6,252 | +163.9% |
| Remuneration and social security | 454/9 | €27,638 | €23,220 | -€4,418 | -16.0% |
| Other amounts payable | 47/48 | €177,904 | €173,908 | -€3,996 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €360 | +€360 | |
| Remuneration, social security and pensions | 62 | €248,741 | €257,711 | +€8,970 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,189 | €35,287 | -€902 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,452 | €0 | +€22,452 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €27,206 | €7,245 | -€19,961 | -73.4% |
| Gross operating margin | 9900 | €296,572 | €306,111 | +€9,539 | +3.2% |
| Operating profit (loss) | 9901 | €6,888 | €5,867 | -€1,021 | -14.8% |
| Financial income | 75/76B | €8,313 | €6,963 | -€1,350 | -16.2% |
| Recurring financial income | 75 | €8,313 | €6,963 | -€1,350 | -16.2% |
| Financial charges | 65/66B | €3,192 | €3,594 | +€402 | +12.6% |
| Recurring financial charges | 65 | €3,192 | €3,594 | +€402 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €12,009 | €9,237 | -€2,772 | -23.1% |
| Income taxes | 67/77 | €4,181 | €3,352 | -€829 | -19.8% |
| Profit (loss) for the period | 9904 | €7,829 | €5,885 | -€1,943 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,829 | €5,885 | -€1,943 | -24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.