Private 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.
Private Garden
Largest movements
- Tangible fixed assets +€67,243
up €67,243 (+9.8%), from €683,786 to €751,029
of which Furniture and vehicles: +€40,673
- Receivables within one year +€15,728
up €15,728 (+98.7%), from €15,938 to €31,666
of which Trade receivables: +€14,494
- Cash -€12,455
down €12,455 (-30.9%), from €40,310 to €27,855
mainly Investment in fixed assets (net) (-€163,344) and Other debts (-€31,738)
- Debts after one year +€80,695
up €80,695 (+16.2%), from €496,765 to €577,460
- Current portion of long-term debt +€34,980
up €34,980 (+75.8%), from €46,118 to €81,099
- Other debts -€31,738
down €31,738 (-49.2%), from €64,458 to €32,719
- Profit (loss) carried forward -€20,753
down €20,753 (-39.3%), from €52,760 to €32,007
- Trade debts +€13,802
up €13,802 (+52.3%), from €26,414 to €40,216
- Staff costs +€41,117
up €41,117 (+220%), from €18,731 to €59,848
- Gross operating margin +€23,418
up €23,418 (+15.8%), from €147,772 to €171,190
- Financial charges +€5,043
up €5,043 (+23.5%), from €21,473 to €26,516
- Depreciation +€4,804
up €4,804 (+5.3%), from €91,297 to €96,102
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 | €740,761 | €812,756 | +€71,994 | +9.7% |
| Fixed assets | 21/28 | €683,786 | €751,029 | +€67,243 | +9.8% |
| Tangible fixed assets | 22/27 | €683,786 | €751,029 | +€67,243 | +9.8% |
| Land and buildings | 22 | €522,686 | €535,621 | +€12,935 | +2.5% |
| Plant, machinery and equipment | 23 | €150,333 | €163,967 | +€13,634 | +9.1% |
| Furniture and vehicles | 24 | €10,768 | €51,442 | +€40,673 | +378% |
| Current assets | 29/58 | €56,975 | €61,727 | +€4,751 | +8.3% |
| Amounts receivable within one year | 40/41 | €15,938 | €31,666 | +€15,728 | +98.7% |
| Trade receivables | 40 | €12,208 | €26,702 | +€14,494 | +119% |
| Other amounts receivable | 41 | €3,731 | €4,965 | +€1,234 | +33.1% |
| Cash at bank and in hand | 54/58 | €40,310 | €27,855 | -€12,455 | -30.9% |
| Deferred charges and accrued income | 490/1 | €727 | €2,205 | +€1,478 | +203% |
| Total equity and liabilities | 10/49 | €740,761 | €812,756 | +€71,994 | +9.7% |
| Equity | 10/15 | €77,760 | €57,007 | -€20,753 | -26.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,760 | €32,007 | -€20,753 | -39.3% |
| Amounts payable | 17/49 | €663,001 | €755,749 | +€92,748 | +14.0% |
| Amounts payable after more than one year | 17 | €496,765 | €577,460 | +€80,695 | +16.2% |
| Financial debts | 170/4 | €496,765 | €577,460 | +€80,695 | +16.2% |
| Amounts payable within one year | 42/48 | €157,642 | €166,531 | +€8,889 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €46,118 | €81,099 | +€34,980 | +75.8% |
| Trade debts | 44 | €26,414 | €40,216 | +€13,802 | +52.3% |
| Suppliers | 440/4 | €26,414 | €40,216 | +€13,802 | +52.3% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €20,652 | €9,997 | -€10,655 | -51.6% |
| Taxes | 450/3 | €18,374 | €3,582 | -€14,792 | -80.5% |
| Remuneration and social security | 454/9 | €2,278 | €6,415 | +€4,137 | +182% |
| Other amounts payable | 47/48 | €64,458 | €32,719 | -€31,738 | -49.2% |
| Accrued charges and deferred income | 492/3 | €8,594 | €11,758 | +€3,164 | +36.8% |
| Remuneration, social security and pensions | 62 | €18,731 | €59,848 | +€41,117 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,297 | €96,102 | +€4,804 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,651 | €9,282 | -€1,369 | -12.9% |
| Non-recurring operating charges | 66A | €4,109 | €0 | -€4,109 | -100% |
| Gross operating margin | 9900 | €147,772 | €171,190 | +€23,418 | +15.8% |
| Operating profit (loss) | 9901 | €22,985 | €5,958 | -€17,026 | -74.1% |
| Financial charges | 65/66B | €21,473 | €26,516 | +€5,043 | +23.5% |
| Recurring financial charges | 65 | €21,473 | €26,516 | +€5,043 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €1,511 | -€20,558 | -€22,069 | |
| Income taxes | 67/77 | €1,246 | €195 | -€1,050 | -84.3% |
| Profit (loss) for the period | 9904 | €266 | -€20,753 | -€21,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €266 | -€20,753 | -€21,019 |
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 16 October 2026 via checked.be.