H.D. GARDEN: what changed
H.D. GARDEN
Largest movements
- Receivables within one year +€32,888
up €32,888 (+996%), from €3,303 to €36,191
of which Trade receivables: +€24,888
- Cash -€22,032
down €22,032 (-45.4%), from €48,534 to €26,502
mainly Other debts (-€45,007) and Receivables within one year (-€32,888)
- Tangible fixed assets -€7,600
down €7,600 (-25.0%), from €30,400 to €22,800
- Other debts -€45,007
down €45,007 (-91.9%), from €48,985 to €3,978
- Profit (loss) carried forward +€32,644
up €32,644 (+213%), from €15,328 to €47,971
- Trade debts +€11,616
up €11,616 (+254%), from €4,567 to €16,183
- Tax, wage and social debts +€4,086
up €4,086 (+36.2%), from €11,275 to €15,361
of which Taxes: +€3,916
- Gross operating margin +€38,750
up €38,750 (+120%), from €32,403 to €71,153
- Staff costs +€10,852
up €10,852 (+396%), from €2,738 to €13,590
- Taxes +€7,500
up €7,500 (+167%), from €4,500 to €12,000
- Other operating charges +€2,875
up €2,875 (+128%), from €2,237 to €5,112
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,237 | €85,493 | +€3,256 | +4.0% |
| Fixed assets | 21/28 | €30,400 | €22,800 | -€7,600 | -25.0% |
| Tangible fixed assets | 22/27 | €30,400 | €22,800 | -€7,600 | -25.0% |
| Furniture and vehicles | 24 | €30,400 | €22,800 | -€7,600 | -25.0% |
| Current assets | 29/58 | €51,837 | €62,693 | +€10,856 | +20.9% |
| Amounts receivable within one year | 40/41 | €3,303 | €36,191 | +€32,888 | +996% |
| Trade receivables | 40 | €3,303 | €28,191 | +€24,888 | +754% |
| Other amounts receivable | 41 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €48,534 | €26,502 | -€22,032 | -45.4% |
| Total equity and liabilities | 10/49 | €82,237 | €85,493 | +€3,256 | +4.0% |
| Equity | 10/15 | €17,328 | €49,971 | +€32,644 | +188% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,328 | €47,971 | +€32,644 | +213% |
| Amounts payable | 17/49 | €64,909 | €35,522 | -€29,387 | -45.3% |
| Amounts payable within one year | 42/48 | €64,827 | €35,522 | -€29,305 | -45.2% |
| Trade debts | 44 | €4,567 | €16,183 | +€11,616 | +254% |
| Suppliers | 440/4 | €4,567 | €16,183 | +€11,616 | +254% |
| Taxes, remuneration and social security | 45 | €11,275 | €15,361 | +€4,086 | +36.2% |
| Taxes | 450/3 | €10,360 | €14,276 | +€3,916 | +37.8% |
| Remuneration and social security | 454/9 | €915 | €1,084 | +€169 | +18.5% |
| Other amounts payable | 47/48 | €48,985 | €3,978 | -€45,007 | -91.9% |
| Accrued charges and deferred income | 492/3 | €82 | - | -€82 | |
| Remuneration, social security and pensions | 62 | €2,738 | €13,590 | +€10,852 | +396% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,600 | €7,600 | = | 0.0% |
| Other operating charges | 640/8 | €2,237 | €5,112 | +€2,875 | +128% |
| Gross operating margin | 9900 | €32,403 | €71,153 | +€38,750 | +120% |
| Operating profit (loss) | 9901 | €19,828 | €44,851 | +€25,023 | +126% |
| Financial charges | 65/66B | €0 | €208 | +€208 | +2,077,100% |
| Recurring financial charges | 65 | €0 | €208 | +€208 | +2,077,100% |
| Profit (loss) for the period before taxes | 9903 | €19,828 | €44,644 | +€24,816 | +125% |
| Income taxes | 67/77 | €4,500 | €12,000 | +€7,500 | +167% |
| Profit (loss) for the period | 9904 | €15,328 | €32,644 | +€17,316 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €15,328 | €32,644 | +€17,316 | +113% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.