THB 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.
THB GARDEN
Largest movements
- Cash +€58,333
up €58,333 (+48.5%), from €120,345 to €178,678
mainly Depreciation (+€75,192) and Net result for the year (+€64,215)
- Receivables within one year -€21,412
down €21,412 (-29.6%), from €72,224 to €50,812
of which Trade receivables: -€57,021
- Deferred charges and accrued income +€18,245
new in 2024: €18,245
- Profit (loss) carried forward +€28,921
up €28,921 (+13.1%), from €220,502 to €249,423
- Current portion of long-term debt +€14,090
up €14,090 (+63.3%), from €22,274 to €36,364
- Tax, wage and social debts +€10,469
up €10,469 (+39.3%), from €26,625 to €37,094
of which Taxes: +€13,869
- Other debts +€7,118
up €7,118 (+17.6%), from €40,542 to €47,659
- Turnover +€246,209
up €246,209 (+25.2%), from €977,619 to €1.2m
- Purchases and services +€225,743
up €225,743 (+29.6%), from €763,664 to €989,407
- Gross operating margin +€20,633
up €20,633 (+9.6%), from €215,044 to €235,677
- Staff costs -€20,389
down €20,389 (-36.4%), from €56,055 to €35,666
- Taxes +€14,746
up €14,746 (+67.8%), from €21,756 to €36,502
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,968 | €440,204 | +€57,237 | +14.9% |
| Fixed assets | 21/28 | €190,399 | €192,469 | +€2,071 | +1.1% |
| Tangible fixed assets | 22/27 | €189,384 | €191,455 | +€2,071 | +1.1% |
| Land and buildings | 22 | €60,000 | €60,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,374 | €33,228 | +€20,854 | +169% |
| Furniture and vehicles | 24 | €117,010 | €98,227 | -€18,783 | -16.1% |
| Financial fixed assets | 28 | €1,015 | €1,015 | = | 0.0% |
| Current assets | 29/58 | €192,569 | €247,735 | +€55,166 | +28.6% |
| Amounts receivable within one year | 40/41 | €72,224 | €50,812 | -€21,412 | -29.6% |
| Trade receivables | 40 | €72,224 | €15,203 | -€57,021 | -79.0% |
| Other amounts receivable | 41 | €0 | €35,609 | +€35,609 | |
| Cash at bank and in hand | 54/58 | €120,345 | €178,678 | +€58,333 | +48.5% |
| Deferred charges and accrued income | 490/1 | - | €18,245 | +€18,245 | |
| Total equity and liabilities | 10/49 | €382,968 | €440,204 | +€57,237 | +14.9% |
| Equity | 10/15 | €225,502 | €254,423 | +€28,921 | +12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,502 | €249,423 | +€28,921 | +13.1% |
| Amounts payable | 17/49 | €157,466 | €185,781 | +€28,315 | +18.0% |
| Amounts payable after more than one year | 17 | €68,025 | €64,663 | -€3,361 | -4.9% |
| Financial debts | 170/4 | €68,025 | €64,663 | -€3,361 | -4.9% |
| Amounts payable within one year | 42/48 | €89,441 | €121,118 | +€31,677 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €22,274 | €36,364 | +€14,090 | +63.3% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €26,625 | €37,094 | +€10,469 | +39.3% |
| Taxes | 450/3 | €18,552 | €32,421 | +€13,869 | +74.8% |
| Remuneration and social security | 454/9 | €8,073 | €4,673 | -€3,400 | -42.1% |
| Other amounts payable | 47/48 | €40,542 | €47,659 | +€7,118 | +17.6% |
| Turnover | 70 | €977,619 | €1,223,828 | +€246,209 | +25.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €763,664 | €989,407 | +€225,743 | +29.6% |
| Remuneration, social security and pensions | 62 | €56,055 | €35,666 | -€20,389 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,033 | €75,192 | +€14,159 | +23.2% |
| Other operating charges | 640/8 | €1,921 | €362 | -€1,558 | -81.1% |
| Non-recurring operating charges | 66A | - | €18,328 | +€18,328 | |
| Gross operating margin | 9900 | €215,044 | €235,677 | +€20,633 | +9.6% |
| Operating profit (loss) | 9901 | €96,035 | €106,127 | +€10,093 | +10.5% |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | - | -€76 | |
| Financial charges | 65/66B | €2,100 | €5,410 | +€3,310 | +158% |
| Recurring financial charges | 65 | €2,100 | €5,410 | +€3,310 | +158% |
| Profit (loss) for the period before taxes | 9903 | €94,011 | €100,717 | +€6,707 | +7.1% |
| Income taxes | 67/77 | €21,756 | €36,502 | +€14,746 | +67.8% |
| Profit (loss) for the period | 9904 | €72,254 | €64,215 | -€8,039 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,254 | €64,215 | -€8,039 | -11.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.