Horticentre: 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.
Horticentre
Largest movements
- Tangible fixed assets +€57,485
up €57,485 (+20.0%), from €287,185 to €344,670
of which Plant, machinery and equipment: +€60,374
- Receivables within one year +€31,368
up €31,368 (+44.2%), from €70,960 to €102,328
of which Other amounts receivable: +€16,014
- Cash +€18,233
up €18,233 (+63.1%), from €28,902 to €47,135
mainly Depreciation (+€66,547) and Trade debts (+€28,867)
- Deferred charges and accrued income -€6,386
down €6,386 (-54.9%), from €11,640 to €5,254
- Trade debts +€28,867
up €28,867 (+204%), from €14,141 to €43,008
- Debts after one year +€28,140
up €28,140 (+20.3%), from €138,827 to €166,968
- Current portion of long-term debt +€14,077
up €14,077 (+28.5%), from €49,329 to €63,406
- Reserves +€13,263
up €13,263 (+10.1%), from €131,655 to €144,919
- Tax, wage and social debts +€12,511
up €12,511 (+107%), from €11,661 to €24,172
of which Remuneration and social security: +€7,692
- Gross operating margin +€35,070
up €35,070 (+17.6%), from €199,319 to €234,389
- Staff costs +€24,418
up €24,418 (+25.2%), from €96,884 to €121,302
- Depreciation +€9,259
up €9,259 (+16.2%), from €57,289 to €66,547
- Other operating charges +€3,841
up €3,841 (+28.5%), from €13,490 to €17,331
- Taxes +€3,678
up €3,678 (+58.8%), from €6,256 to €9,934
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 | €399,050 | €499,510 | +€100,461 | +25.2% |
| Fixed assets | 21/28 | €287,548 | €344,794 | +€57,246 | +19.9% |
| Tangible fixed assets | 22/27 | €287,185 | €344,670 | +€57,485 | +20.0% |
| Land and buildings | 22 | €110,986 | €101,926 | -€9,060 | -8.2% |
| Plant, machinery and equipment | 23 | €124,868 | €185,242 | +€60,374 | +48.4% |
| Furniture and vehicles | 24 | €51,331 | €57,503 | +€6,172 | +12.0% |
| Financial fixed assets | 28 | €363 | €124 | -€239 | -65.9% |
| Current assets | 29/58 | €111,502 | €154,717 | +€43,215 | +38.8% |
| Amounts receivable within one year | 40/41 | €70,960 | €102,328 | +€31,368 | +44.2% |
| Trade receivables | 40 | €70,099 | €85,453 | +€15,354 | +21.9% |
| Other amounts receivable | 41 | €861 | €16,875 | +€16,014 | +1,859% |
| Cash at bank and in hand | 54/58 | €28,902 | €47,135 | +€18,233 | +63.1% |
| Deferred charges and accrued income | 490/1 | €11,640 | €5,254 | -€6,386 | -54.9% |
| Total equity and liabilities | 10/49 | €399,050 | €499,510 | +€100,461 | +25.2% |
| Equity | 10/15 | €150,255 | €163,519 | +€13,263 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,655 | €144,919 | +€13,263 | +10.1% |
| Distributable reserves | 133 | €131,655 | €144,919 | +€13,263 | +10.1% |
| Amounts payable | 17/49 | €248,795 | €335,992 | +€87,197 | +35.0% |
| Amounts payable after more than one year | 17 | €138,827 | €166,968 | +€28,140 | +20.3% |
| Financial debts | 170/4 | €138,827 | €166,968 | +€28,140 | +20.3% |
| Amounts payable within one year | 42/48 | €109,967 | €168,521 | +€58,554 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €49,329 | €63,406 | +€14,077 | +28.5% |
| Trade debts | 44 | €14,141 | €43,008 | +€28,867 | +204% |
| Suppliers | 440/4 | €14,141 | €43,008 | +€28,867 | +204% |
| Taxes, remuneration and social security | 45 | €11,661 | €24,172 | +€12,511 | +107% |
| Taxes | 450/3 | €2,354 | €7,173 | +€4,819 | +205% |
| Remuneration and social security | 454/9 | €9,307 | €16,999 | +€7,692 | +82.6% |
| Other amounts payable | 47/48 | €34,836 | €37,935 | +€3,099 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €503 | +€503 | |
| Remuneration, social security and pensions | 62 | €96,884 | €121,302 | +€24,418 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,289 | €66,547 | +€9,259 | +16.2% |
| Other operating charges | 640/8 | €13,490 | €17,331 | +€3,841 | +28.5% |
| Gross operating margin | 9900 | €199,319 | €234,389 | +€35,070 | +17.6% |
| Operating profit (loss) | 9901 | €31,656 | €29,208 | -€2,447 | -7.7% |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €6,029 | €6,011 | -€18 | -0.3% |
| Recurring financial charges | 65 | €6,029 | €6,011 | -€18 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €25,675 | €23,197 | -€2,478 | -9.7% |
| Income taxes | 67/77 | €6,256 | €9,934 | +€3,678 | +58.8% |
| Profit (loss) for the period | 9904 | €19,420 | €13,263 | -€6,156 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,420 | €13,263 | -€6,156 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.