SUD - GARDEN: what changed
What changed
SUD - GARDEN
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
filed annual accounts (NBB)
Net result for the year
€41,263
2024 · €21,314+€19,950
Equity
€442,721
2024 · €401,458+€41,263
Cash
€19,430
2024 · €33,865-€14,436
Balance sheet total
€2.5m
2024 · €2.6m-€132,211
Largest movements
Assets
- Stocks and contracts -€87,252
down €87,252 (-4.6%), from €1.9m to €1.8m
- Tangible fixed assets -€28,830
down €28,830 (-4.3%), from €675,682 to €646,852
of which Land and buildings: -€46,056
Equity and liabilities
- Other debts -€142,907
down €142,907 (-16.6%), from €858,902 to €715,995
- Short-term financial debts -€102,149
down €102,149 (-16.0%), from €639,481 to €537,332
- Current portion of long-term debt -€89,635
down €89,635 (-62.2%), from €144,055 to €54,421
- Trade debts +€89,500
up €89,500 (+56.6%), from €158,209 to €247,709
- Tax, wage and social debts +€82,070
up €82,070 (+70.4%), from €116,507 to €198,578
of which Taxes: +€70,982
Income statement
- Staff costs +€56,381
up €56,381 (+23.3%), from €241,771 to €298,151
- Financial charges -€33,072
down €33,072 (-41.5%), from €79,613 to €46,540
- Gross operating margin +€31,862
up €31,862 (+7.2%), from €443,997 to €475,858
- Depreciation -€20,265
down €20,265 (-21.4%), from €94,503 to €74,237
- Financial income -€5,337
down €5,337 (-79.3%), from €6,731 to €1,395
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,314
Gross operating margin
+€31,862
Staff costs
-€56,381
Depreciation
+€20,265
Other operating charges
-€3,532
Financial income
-€5,337
Financial charges
+€33,072
Result 2025
€41,263
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€233,109
Investment
-€45,407
Financing
-€202,138
Cash 2024
€33,865
From operations (derived)
+€233,109
Net result for the year
+€41,263
Depreciation
+€74,237
Stocks and contracts
+€87,252
Receivables within one year
+€1,693
Trade debts
+€89,500
Tax, wage and social debts
+€82,070
Other debts
-€142,907
Investment (derived)
-€45,407
Investment in fixed assets (net)
-€45,407
Financing
-€202,138
Debts after one year
-€10,354
Current portion of long-term debt
-€89,635
Short-term financial debts
-€102,149
Cash 2025
€19,430
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,629,455 | €2,497,244 | -€132,211 | -5.0% |
| Fixed assets | 21/28 | €676,539 | €647,709 | -€28,830 | -4.3% |
| Tangible fixed assets | 22/27 | €675,682 | €646,852 | -€28,830 | -4.3% |
| Land and buildings | 22 | €634,699 | €588,644 | -€46,056 | -7.3% |
| Plant, machinery and equipment | 23 | €17,808 | €1,886 | -€15,922 | -89.4% |
| Furniture and vehicles | 24 | €23,175 | €56,322 | +€33,147 | +143% |
| Financial fixed assets | 28 | €857 | €857 | = | 0.0% |
| Current assets | 29/58 | €1,952,916 | €1,849,535 | -€103,381 | -5.3% |
| Stocks and contracts in progress | 3 | €1,884,070 | €1,796,818 | -€87,252 | -4.6% |
| Stocks | 30/36 | €1,884,070 | €1,796,818 | -€87,252 | -4.6% |
| Amounts receivable within one year | 40/41 | €34,980 | €33,287 | -€1,693 | -4.8% |
| Trade receivables | 40 | €34,980 | €33,287 | -€1,693 | -4.8% |
| Cash at bank and in hand | 54/58 | €33,865 | €19,430 | -€14,436 | -42.6% |
| Total equity and liabilities | 10/49 | €2,629,455 | €2,497,244 | -€132,211 | -5.0% |
| Equity | 10/15 | €401,458 | €442,721 | +€41,263 | +10.3% |
| Contributions | 10/11 | €428,391 | €428,391 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,653 | €10,610 | +€41,263 | |
| Amounts payable | 17/49 | €2,227,997 | €2,054,523 | -€173,474 | -7.8% |
| Amounts payable after more than one year | 17 | €310,843 | €300,489 | -€10,354 | -3.3% |
| Financial debts | 170/4 | €310,843 | €300,489 | -€10,354 | -3.3% |
| Amounts payable within one year | 42/48 | €1,917,154 | €1,754,034 | -€163,120 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €144,055 | €54,421 | -€89,635 | -62.2% |
| Financial debts | 43 | €639,481 | €537,332 | -€102,149 | -16.0% |
| Credit institutions | 430/8 | €639,481 | €537,332 | -€102,149 | -16.0% |
| Trade debts | 44 | €158,209 | €247,709 | +€89,500 | +56.6% |
| Suppliers | 440/4 | €158,209 | €247,709 | +€89,500 | +56.6% |
| Taxes, remuneration and social security | 45 | €116,507 | €198,578 | +€82,070 | +70.4% |
| Taxes | 450/3 | €79,301 | €150,282 | +€70,982 | +89.5% |
| Remuneration and social security | 454/9 | €37,207 | €48,295 | +€11,089 | +29.8% |
| Other amounts payable | 47/48 | €858,902 | €715,995 | -€142,907 | -16.6% |
| Remuneration, social security and pensions | 62 | €241,771 | €298,151 | +€56,381 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,503 | €74,237 | -€20,265 | -21.4% |
| Other operating charges | 640/8 | €13,529 | €17,061 | +€3,532 | +26.1% |
| Gross operating margin | 9900 | €443,997 | €475,858 | +€31,862 | +7.2% |
| Operating profit (loss) | 9901 | €94,195 | €86,409 | -€7,785 | -8.3% |
| Financial income | 75/76B | €6,731 | €1,395 | -€5,337 | -79.3% |
| Recurring financial income | 75 | €6,731 | €1,395 | -€5,337 | -79.3% |
| Financial charges | 65/66B | €79,613 | €46,540 | -€33,072 | -41.5% |
| Recurring financial charges | 65 | €79,613 | €46,540 | -€33,072 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €21,314 | €41,263 | +€19,950 | +93.6% |
| Profit (loss) for the period | 9904 | €21,314 | €41,263 | +€19,950 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,314 | €41,263 | +€19,950 | +93.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.