GS 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.
GS GARDEN
Largest movements
- Tangible fixed assets -€20,165
down €20,165 (-32.1%), from €62,736 to €42,571
of which Furniture and vehicles: -€10,960
- Receivables within one year -€16,177
down €16,177 (-49.1%), from €32,944 to €16,766
of which Trade receivables: -€17,324
- Cash +€3,019
up €3,019 (+152%), from €1,980 to €4,999
mainly Depreciation (+€21,827) and Receivables within one year (+€16,177)
- Deferred charges and accrued income +€2,310
up €2,310 (+70.7%), from €3,268 to €5,578
- Debts after one year -€15,791
down €15,791 (-60.5%), from €26,090 to €10,299
- Other debts -€8,300
down €8,300 (-25.2%), from €32,880 to €24,580
- Trade debts -€4,999
down €4,999 (-37.2%), from €13,433 to €8,434
- Tax, wage and social debts -€3,045
down €3,045 (-46.9%), from €6,495 to €3,450
of which Taxes: -€3,045
- Gross operating margin +€4,400
up €4,400 (+16.5%), from €26,599 to €31,000
- Other operating charges +€4,286
up €4,286 (+427%), from €1,004 to €5,291
- Taxes +€668
up €668 (+95.9%), from €697 to €1,366
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 | €102,270 | €71,082 | -€31,188 | -30.5% |
| Fixed assets | 21/28 | €63,392 | €43,126 | -€20,265 | -32.0% |
| Intangible fixed assets | 21 | €656 | €556 | -€100 | -15.3% |
| Tangible fixed assets | 22/27 | €62,736 | €42,571 | -€20,165 | -32.1% |
| Plant, machinery and equipment | 23 | €17,513 | €13,492 | -€4,021 | -23.0% |
| Furniture and vehicles | 24 | €33,279 | €22,319 | -€10,960 | -32.9% |
| Leasing and similar rights | 25 | €11,945 | €6,761 | -€5,184 | -43.4% |
| Current assets | 29/58 | €38,879 | €27,955 | -€10,923 | -28.1% |
| Stocks and contracts in progress | 3 | €687 | €612 | -€75 | -10.9% |
| Stocks | 30/36 | €687 | €612 | -€75 | -10.9% |
| Amounts receivable within one year | 40/41 | €32,944 | €16,766 | -€16,177 | -49.1% |
| Trade receivables | 40 | €32,944 | €15,619 | -€17,324 | -52.6% |
| Other amounts receivable | 41 | €0 | €1,147 | +€1,147 | |
| Cash at bank and in hand | 54/58 | €1,980 | €4,999 | +€3,019 | +152% |
| Deferred charges and accrued income | 490/1 | €3,268 | €5,578 | +€2,310 | +70.7% |
| Total equity and liabilities | 10/49 | €102,270 | €71,082 | -€31,188 | -30.5% |
| Equity | 10/15 | €8,210 | €8,528 | +€318 | +3.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,210 | €6,528 | +€318 | +5.1% |
| Distributable reserves | 133 | €6,210 | €6,528 | +€318 | +5.1% |
| Amounts payable | 17/49 | €94,060 | €62,554 | -€31,506 | -33.5% |
| Amounts payable after more than one year | 17 | €26,090 | €10,299 | -€15,791 | -60.5% |
| Financial debts | 170/4 | €26,090 | €10,299 | -€15,791 | -60.5% |
| Amounts payable within one year | 42/48 | €67,971 | €52,255 | -€15,715 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €15,162 | €15,791 | +€629 | +4.1% |
| Trade debts | 44 | €13,433 | €8,434 | -€4,999 | -37.2% |
| Suppliers | 440/4 | €13,433 | €8,434 | -€4,999 | -37.2% |
| Taxes, remuneration and social security | 45 | €6,495 | €3,450 | -€3,045 | -46.9% |
| Taxes | 450/3 | €4,645 | €1,600 | -€3,045 | -65.6% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €32,880 | €24,580 | -€8,300 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,719 | €21,827 | +€108 | +0.5% |
| Other operating charges | 640/8 | €1,004 | €5,291 | +€4,286 | +427% |
| Non-recurring operating charges | 66A | €703 | €0 | -€703 | -100% |
| Gross operating margin | 9900 | €26,599 | €31,000 | +€4,400 | +16.5% |
| Operating profit (loss) | 9901 | €3,173 | €3,882 | +€709 | +22.3% |
| Financial income | 75/76B | €80 | €18 | -€62 | -78.0% |
| Recurring financial income | 75 | €80 | €18 | -€62 | -78.0% |
| Financial charges | 65/66B | €2,202 | €2,216 | +€15 | +0.7% |
| Recurring financial charges | 65 | €2,202 | €2,216 | +€15 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €1,051 | €1,683 | +€632 | +60.1% |
| Income taxes | 67/77 | €697 | €1,366 | +€668 | +95.9% |
| Profit (loss) for the period | 9904 | €354 | €318 | -€36 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €354 | €318 | -€36 | -10.3% |
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 28 October 2026 via checked.be.