PERMA 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.
PERMA GARDEN
Largest movements
- Receivables within one year -€149,184
down €149,184 (-67.3%), from €221,542 to €72,358
of which Other amounts receivable: -€162,609
- Cash +€135,124
up €135,124 (+678.5%), from €19,916 to €155,040
mainly Receivables within one year (+€149,184) and Debts after one year (+€133,039)
- Tangible fixed assets +€63,031
up €63,031 (+44.9%), from €140,371 to €203,402
of which Plant, machinery and equipment: +€42,826
- Stocks and contracts +€27,967
up €27,967 (+71.2%), from €39,303 to €67,270
- Investment grants -€137,313
down €137,313 (-71.1%), from €193,152 to €55,839
- Debts after one year +€133,039
new in 2025: €133,039
- Trade debts +€125,803
up €125,803 (+337.6%), from €37,266 to €163,069
- Provisions -€34,328
down €34,328 (-71.1%), from €48,288 to €13,960
- Profit (loss) carried forward -€23,548
down €23,548 (-58.2%), from €40,487 to €16,939
- Gross operating margin -€33,892
down €33,892 (-50.8%), from €66,682 to €32,790
- Staff costs +€13,523
up €13,523 (+48.9%), from €27,633 to €41,156
- Financial income +€3,842
up €3,842 (+241.5%), from €1,590 to €5,432
of which Financial income: +€3,831
- Taxes -€3,428
no longer reported in 2025 (was €3,428)
- Depreciation +€1,786
up €1,786 (+10.0%), from €17,897 to €19,683
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.
Cash bridge derived
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 | €421,544 | €500,671 | +€79,127 | +18.8% |
| Fixed assets | 21/28 | €140,783 | €203,772 | +€62,990 | +44.7% |
| Intangible fixed assets | 21 | €412 | €271 | -€141 | -34.3% |
| Tangible fixed assets | 22/27 | €140,371 | €203,402 | +€63,031 | +44.9% |
| Land and buildings | 22 | €20,432 | €39,689 | +€19,258 | +94.3% |
| Plant, machinery and equipment | 23 | €115,085 | €157,911 | +€42,826 | +37.2% |
| Furniture and vehicles | 24 | €4,854 | €5,801 | +€947 | +19.5% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €280,761 | €296,898 | +€16,138 | +5.7% |
| Stocks and contracts in progress | 3 | €39,303 | €67,270 | +€27,967 | +71.2% |
| Stocks | 30/36 | €39,303 | €67,270 | +€27,967 | +71.2% |
| Amounts receivable within one year | 40/41 | €221,542 | €72,358 | -€149,184 | -67.3% |
| Trade receivables | 40 | €25,735 | €39,160 | +€13,425 | +52.2% |
| Other amounts receivable | 41 | €195,807 | €33,198 | -€162,609 | -83.0% |
| Cash at bank and in hand | 54/58 | €19,916 | €155,040 | +€135,124 | +678.5% |
| Deferred charges and accrued income | 490/1 | - | €2,230 | +€2,230 | |
| Total equity and liabilities | 10/49 | €421,544 | €500,671 | +€79,127 | +18.8% |
| Equity | 10/15 | €243,639 | €82,778 | -€160,861 | -66.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,487 | €16,939 | -€23,548 | -58.2% |
| Investment grants | 15 | €193,152 | €55,839 | -€137,313 | -71.1% |
| Provisions and deferred taxes | 16 | €48,288 | €13,960 | -€34,328 | -71.1% |
| Deferred taxes | 168 | €48,288 | €13,960 | -€34,328 | -71.1% |
| Amounts payable | 17/49 | €129,616 | €403,933 | +€274,317 | +211.6% |
| Amounts payable after more than one year | 17 | - | €133,039 | +€133,039 | |
| Financial debts | 170/4 | - | €133,039 | +€133,039 | |
| Amounts payable within one year | 42/48 | €129,616 | €270,895 | +€141,278 | +109.0% |
| Current portion of amounts payable after more than one year | 42 | - | €15,895 | +€15,895 | |
| Trade debts | 44 | €37,266 | €163,069 | +€125,803 | +337.6% |
| Suppliers | 440/4 | €37,266 | €163,069 | +€125,803 | +337.6% |
| Taxes, remuneration and social security | 45 | €11,716 | €18,755 | +€7,039 | +60.1% |
| Taxes | 450/3 | €5,415 | €6,904 | +€1,488 | +27.5% |
| Remuneration and social security | 454/9 | €6,300 | €11,852 | +€5,551 | +88.1% |
| Other amounts payable | 47/48 | €80,634 | €73,176 | -€7,459 | -9.3% |
| Remuneration, social security and pensions | 62 | €27,633 | €41,156 | +€13,523 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,897 | €19,683 | +€1,786 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €337 | -€16 | -€353 | |
| Other operating charges | 640/8 | €987 | €1,812 | +€825 | +83.5% |
| Gross operating margin | 9900 | €66,682 | €32,790 | -€33,892 | -50.8% |
| Operating profit (loss) | 9901 | €19,827 | -€29,846 | -€49,673 | |
| Financial income | 75/76B | €1,590 | €5,432 | +€3,842 | +241.5% |
| Recurring financial income | 75 | €1,590 | €5,422 | +€3,831 | +240.9% |
| Non-recurring financial income | 76B | - | €11 | +€11 | |
| Financial charges | 65/66B | €157 | €888 | +€731 | +465.5% |
| Recurring financial charges | 65 | €157 | €888 | +€731 | +465.5% |
| Profit (loss) for the period before taxes | 9903 | €21,261 | -€25,301 | -€46,562 | |
| Transfer from deferred taxes | 780 | €398 | €1,753 | +€1,355 | +340.9% |
| Income taxes | 67/77 | €3,428 | - | -€3,428 | |
| Profit (loss) for the period | 9904 | €18,231 | -€23,548 | -€41,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,231 | -€23,548 | -€41,779 |
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 11 October 2026 via checked.be.