RELAXGARDEN: 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.
RELAXGARDEN
Largest movements
- Cash +€40,915
up €40,915 (+246%), from €16,649 to €57,564
mainly Stocks and contracts (+€23,710) and Net result for the year (+€22,277)
- Stocks and contracts -€23,710
down €23,710 (-17.4%), from €136,647 to €112,938
- Receivables within one year +€17,003
up €17,003 (+71.9%), from €23,639 to €40,642
of which Trade receivables: +€8,529
- Tangible fixed assets -€8,732
down €8,732 (-33.8%), from €25,834 to €17,101
of which Furniture and vehicles: -€7,354
- Financial fixed assets -€4,000
down €4,000 (-29.4%), from €13,600 to €9,600
- Profit (loss) carried forward +€22,277
up €22,277 (+18.7%), from -€119,246 to -€96,969
- Debts after one year -€6,865
down €6,865 (-10.7%), from €64,033 to €57,168
of which Financial debts: -€6,865
- Other debts +€4,592
up €4,592 (+3.5%), from €132,070 to €136,662
- Gross operating margin +€63,980
up €63,980, from -€22,137 to €41,843
- Financial charges +€6,491
up €6,491 (+368%), from €1,764 to €8,255
- Financial income -€4,749
down €4,749 (-100%), from €4,749 to €0
- Depreciation -€1,791
down €1,791 (-13.1%), from €13,660 to €11,869
- Other operating charges -€627
down €627 (-23.6%), from €2,652 to €2,026
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 | €219,570 | €237,846 | +€18,276 | +8.3% |
| Fixed assets | 21/28 | €39,434 | €26,701 | -€12,732 | -32.3% |
| Tangible fixed assets | 22/27 | €25,834 | €17,101 | -€8,732 | -33.8% |
| Plant, machinery and equipment | 23 | €3,363 | €1,985 | -€1,378 | -41.0% |
| Furniture and vehicles | 24 | €22,471 | €15,117 | -€7,354 | -32.7% |
| Financial fixed assets | 28 | €13,600 | €9,600 | -€4,000 | -29.4% |
| Current assets | 29/58 | €180,136 | €211,144 | +€31,008 | +17.2% |
| Stocks and contracts in progress | 3 | €136,647 | €112,938 | -€23,710 | -17.4% |
| Stocks | 30/36 | €136,647 | €112,938 | -€23,710 | -17.4% |
| Amounts receivable within one year | 40/41 | €23,639 | €40,642 | +€17,003 | +71.9% |
| Trade receivables | 40 | €22,076 | €30,606 | +€8,529 | +38.6% |
| Other amounts receivable | 41 | €1,563 | €10,037 | +€8,474 | +542% |
| Cash at bank and in hand | 54/58 | €16,649 | €57,564 | +€40,915 | +246% |
| Deferred charges and accrued income | 490/1 | €3,200 | €0 | -€3,200 | -100% |
| Total equity and liabilities | 10/49 | €219,570 | €237,846 | +€18,276 | +8.3% |
| Equity | 10/15 | -€646 | €21,631 | +€22,277 | |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,246 | -€96,969 | +€22,277 | +18.7% |
| Amounts payable | 17/49 | €220,215 | €216,214 | -€4,001 | -1.8% |
| Amounts payable after more than one year | 17 | €64,033 | €57,168 | -€6,865 | -10.7% |
| Financial debts | 170/4 | €14,033 | €7,168 | -€6,865 | -48.9% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,183 | €159,046 | +€2,864 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €6,574 | €6,865 | +€290 | +4.4% |
| Trade debts | 44 | €17,175 | €15,416 | -€1,759 | -10.2% |
| Suppliers | 440/4 | €17,175 | €15,416 | -€1,759 | -10.2% |
| Taxes, remuneration and social security | 45 | €364 | €104 | -€260 | -71.5% |
| Taxes | 450/3 | €364 | €104 | -€260 | -71.5% |
| Other amounts payable | 47/48 | €132,070 | €136,662 | +€4,592 | +3.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,660 | €11,869 | -€1,791 | -13.1% |
| Other operating charges | 640/8 | €2,652 | €2,026 | -€627 | -23.6% |
| Non-recurring operating charges | 66A | - | -€3,137 | -€3,137 | |
| Gross operating margin | 9900 | -€22,137 | €41,843 | +€63,980 | |
| Operating profit (loss) | 9901 | -€38,449 | €31,085 | +€69,534 | |
| Financial income | 75/76B | €4,749 | €0 | -€4,749 | -100% |
| Recurring financial income | 75 | €4,749 | €0 | -€4,749 | -100% |
| Financial charges | 65/66B | €1,764 | €8,255 | +€6,491 | +368% |
| Recurring financial charges | 65 | €1,764 | €8,255 | +€6,491 | +368% |
| Profit (loss) for the period before taxes | 9903 | -€35,465 | €22,830 | +€58,294 | |
| Income taxes | 67/77 | €547 | €553 | +€6 | +1.1% |
| Profit (loss) for the period | 9904 | -€36,011 | €22,277 | +€58,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,011 | €22,277 | +€58,288 |
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 24 October 2026 via checked.be.