GIELSE GARDEN: 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.
GIELSE GARDEN
Largest movements
- Tangible fixed assets +€77,094
new in 2025: €77,094
of which Other tangible fixed assets: +€64,351
- Deferred charges and accrued income -€23,782
down €23,782 (-95.7%), from €24,858 to €1,075
- Cash +€16,128
up €16,128 (+410%), from €3,932 to €20,061
mainly Other debts (+€50,162) and Net result for the year (+€40,176)
- Receivables within one year -€2,388
down €2,388 (-45.7%), from €5,224 to €2,836
of which Other amounts receivable: -€4,223
- Other debts +€50,162
new in 2025: €50,162
- Profit (loss) carried forward +€40,176
up €40,176 (+3,759%), from €1,069 to €41,245
- Current portion of long-term debt -€24,423
down €24,423 (-98.3%), from €24,858 to €435
- Tax, wage and social debts +€2,100
new in 2025: €2,100
- Gross operating margin +€68,363
up €68,363 (+3,109%), from €2,199 to €70,562
- Depreciation +€14,492
up €14,492 (+1,342%), from €1,080 to €15,572
- Taxes +€12,214
new in 2025: €12,214
- Other operating charges +€1,965
up €1,965 (+3,930%), from €50 to €2,015
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 | €34,014 | €101,117 | +€67,103 | +197% |
| Fixed assets | 21/28 | - | €77,094 | +€77,094 | |
| Tangible fixed assets | 22/27 | - | €77,094 | +€77,094 | |
| Plant, machinery and equipment | 23 | - | €12,743 | +€12,743 | |
| Other tangible fixed assets | 26 | - | €64,351 | +€64,351 | |
| Current assets | 29/58 | €34,014 | €24,022 | -€9,992 | -29.4% |
| Stocks and contracts in progress | 3 | - | €50 | +€50 | |
| Stocks | 30/36 | - | €50 | +€50 | |
| Amounts receivable within one year | 40/41 | €5,224 | €2,836 | -€2,388 | -45.7% |
| Trade receivables | 40 | €815 | €2,650 | +€1,835 | +225% |
| Other amounts receivable | 41 | €4,409 | €186 | -€4,223 | -95.8% |
| Cash at bank and in hand | 54/58 | €3,932 | €20,061 | +€16,128 | +410% |
| Deferred charges and accrued income | 490/1 | €24,858 | €1,075 | -€23,782 | -95.7% |
| Total equity and liabilities | 10/49 | €34,014 | €101,117 | +€67,103 | +197% |
| Equity | 10/15 | €4,069 | €44,245 | +€40,176 | +987% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,069 | €41,245 | +€40,176 | +3,759% |
| Amounts payable | 17/49 | €29,945 | €56,872 | +€26,926 | +89.9% |
| Amounts payable within one year | 42/48 | €29,932 | €56,872 | +€26,940 | +90.0% |
| Current portion of amounts payable after more than one year | 42 | €24,858 | €435 | -€24,423 | -98.3% |
| Trade debts | 44 | €5,074 | €4,175 | -€899 | -17.7% |
| Suppliers | 440/4 | €5,074 | €4,175 | -€899 | -17.7% |
| Taxes, remuneration and social security | 45 | - | €2,100 | +€2,100 | |
| Taxes | 450/3 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | - | €50,162 | +€50,162 | |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €15,572 | +€14,492 | +1,342% |
| Other operating charges | 640/8 | €50 | €2,015 | +€1,965 | +3,930% |
| Gross operating margin | 9900 | €2,199 | €70,562 | +€68,363 | +3,109% |
| Operating profit (loss) | 9901 | €1,069 | €52,975 | +€51,906 | +4,857% |
| Financial income | 75/76B | - | €98 | +€98 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Financial charges | 65/66B | €0 | €683 | +€683 | +6,832,700% |
| Recurring financial charges | 65 | €0 | €683 | +€683 | +6,832,700% |
| Profit (loss) for the period before taxes | 9903 | €1,069 | €52,390 | +€51,321 | +4,802% |
| Income taxes | 67/77 | - | €12,214 | +€12,214 | |
| Profit (loss) for the period | 9904 | €1,069 | €40,176 | +€39,107 | +3,659% |
| Profit (loss) for the period to be appropriated | 9905 | €1,069 | €40,176 | +€39,107 | +3,659% |
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 23 October 2026 via checked.be.