Hortus Landscaping: 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.
Hortus Landscaping
Largest movements
- Cash +€23,832
up €23,832 (+50.1%), from €47,547 to €71,379
mainly Net result for the year (+€27,584) and Receivables within one year (+€8,193)
- Receivables within one year -€8,193
down €8,193 (-35.0%), from €23,400 to €15,207
of which Other amounts receivable: -€10,842
- Current investments +€7,437
up €7,437 (+33.1%), from €22,486 to €29,922
- Tangible fixed assets -€6,433
down €6,433 (-36.2%), from €17,783 to €11,350
- Deferred charges and accrued income +€2,427
up €2,427 (+286%), from €848 to €3,276
- Reserves +€27,000
new in 2025: €27,000
- Tax, wage and social debts -€8,778
down €8,778 (-67.5%), from €13,001 to €4,223
of which Taxes: -€8,241
- Trade debts +€4,281
up €4,281 (+36.3%), from €11,803 to €16,084
- Debts after one year -€4,242
down €4,242 (-38.4%), from €11,056 to €6,814
- Gross operating margin +€9,086
up €9,086 (+13.6%), from €67,050 to €76,136
- Staff costs +€8,739
up €8,739 (+41.4%), from €21,091 to €29,830
- Depreciation +€6,433
new in 2025: €6,433
- Write-downs -€3,052
no longer reported in 2025 (was €3,052)
- Taxes +€2,496
up €2,496 (+29.5%), from €8,459 to €10,954
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 | €112,064 | €131,135 | +€19,071 | +17.0% |
| Fixed assets | 21/28 | €17,783 | €11,350 | -€6,433 | -36.2% |
| Tangible fixed assets | 22/27 | €17,783 | €11,350 | -€6,433 | -36.2% |
| Furniture and vehicles | 24 | €17,783 | €11,350 | -€6,433 | -36.2% |
| Current assets | 29/58 | €94,281 | €119,785 | +€25,504 | +27.1% |
| Amounts receivable within one year | 40/41 | €23,400 | €15,207 | -€8,193 | -35.0% |
| Trade receivables | 40 | €247 | €2,896 | +€2,649 | +1,071% |
| Other amounts receivable | 41 | €23,153 | €12,311 | -€10,842 | -46.8% |
| Current investments | 50/53 | €22,486 | €29,922 | +€7,437 | +33.1% |
| Cash at bank and in hand | 54/58 | €47,547 | €71,379 | +€23,832 | +50.1% |
| Deferred charges and accrued income | 490/1 | €848 | €3,276 | +€2,427 | +286% |
| Total equity and liabilities | 10/49 | €112,064 | €131,135 | +€19,071 | +17.0% |
| Equity | 10/15 | €72,187 | €99,771 | +€27,584 | +38.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €27,000 | +€27,000 | |
| Distributable reserves | 133 | - | €27,000 | +€27,000 | |
| Profit (loss) carried forward | 14 | €22,187 | €22,771 | +€584 | +2.6% |
| Amounts payable | 17/49 | €39,877 | €31,364 | -€8,513 | -21.3% |
| Amounts payable after more than one year | 17 | €11,056 | €6,814 | -€4,242 | -38.4% |
| Financial debts | 170/4 | €11,056 | €6,814 | -€4,242 | -38.4% |
| Amounts payable within one year | 42/48 | €28,821 | €24,550 | -€4,271 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €4,017 | €4,242 | +€226 | +5.6% |
| Trade debts | 44 | €11,803 | €16,084 | +€4,281 | +36.3% |
| Suppliers | 440/4 | €11,803 | €16,084 | +€4,281 | +36.3% |
| Taxes, remuneration and social security | 45 | €13,001 | €4,223 | -€8,778 | -67.5% |
| Taxes | 450/3 | €11,569 | €3,328 | -€8,241 | -71.2% |
| Remuneration and social security | 454/9 | €1,432 | €895 | -€537 | -37.5% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €21,091 | €29,830 | +€8,739 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,433 | +€6,433 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,052 | - | -€3,052 | |
| Other operating charges | 640/8 | €536 | €809 | +€273 | +50.9% |
| Gross operating margin | 9900 | €67,050 | €76,136 | +€9,086 | +13.6% |
| Operating profit (loss) | 9901 | €42,371 | €39,063 | -€3,308 | -7.8% |
| Financial income | 75/76B | €9 | €989 | +€979 | +10,612% |
| Recurring financial income | 75 | €9 | €989 | +€979 | +10,612% |
| Financial charges | 65/66B | €1,363 | €1,514 | +€151 | +11.1% |
| Recurring financial charges | 65 | €1,363 | €1,514 | +€151 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €41,017 | €38,538 | -€2,479 | -6.0% |
| Income taxes | 67/77 | €8,459 | €10,954 | +€2,496 | +29.5% |
| Profit (loss) for the period | 9904 | €32,559 | €27,584 | -€4,975 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,559 | €27,584 | -€4,975 | -15.3% |
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 21 October 2026 via checked.be.