VDB GARDENING: what changed
VDB GARDENING
Largest movements
- Cash -€34,840
down €34,840 (-39.0%), from €89,348 to €54,508
mainly Investment in fixed assets (net) (-€51,721) and Other debts (-€44,965)
- Tangible fixed assets +€31,644
up €31,644 (+49.0%), from €64,595 to €96,239
of which Leasing and similar rights: +€64,207
- Receivables within one year +€10,021
up €10,021 (+109%), from €9,192 to €19,213
of which Other amounts receivable: +€7,497
- Deferred charges and accrued income +€1,854
up €1,854 (+91.5%), from €2,025 to €3,879
- Other debts -€44,965
down €44,965 (-82.6%), from €54,457 to €9,492
- Reserves +€30,238
up €30,238 (+54.2%), from €55,840 to €86,079
- Debts after one year +€19,871
up €19,871 (+61.7%), from €32,190 to €52,061
- Profit (loss) carried forward +€3,999
up €3,999, from -€3,999 to €0
- Accrued charges and deferred income -€3,134
down €3,134 (-75.7%), from €4,139 to €1,005
- Gross operating margin +€44,707
up €44,707 (+154%), from €29,079 to €73,786
- Taxes +€13,422
up €13,422 (+134,224,500%), from €0 to €13,422
- Depreciation -€6,508
down €6,508 (-24.5%), from €26,585 to €20,077
- Financial charges -€2,232
down €2,232 (-35.3%), from €6,320 to €4,087
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,160 | €173,840 | +€8,679 | +5.3% |
| Fixed assets | 21/28 | €64,595 | €96,239 | +€31,644 | +49.0% |
| Tangible fixed assets | 22/27 | €64,595 | €96,239 | +€31,644 | +49.0% |
| Plant, machinery and equipment | 23 | €43,432 | €26,593 | -€16,839 | -38.8% |
| Furniture and vehicles | 24 | €21,163 | €5,439 | -€15,724 | -74.3% |
| Leasing and similar rights | 25 | - | €64,207 | +€64,207 | |
| Current assets | 29/58 | €100,565 | €77,600 | -€22,965 | -22.8% |
| Amounts receivable within one year | 40/41 | €9,192 | €19,213 | +€10,021 | +109% |
| Trade receivables | 40 | €1,192 | €3,716 | +€2,524 | +212% |
| Other amounts receivable | 41 | €8,000 | €15,497 | +€7,497 | +93.7% |
| Cash at bank and in hand | 54/58 | €89,348 | €54,508 | -€34,840 | -39.0% |
| Deferred charges and accrued income | 490/1 | €2,025 | €3,879 | +€1,854 | +91.5% |
| Total equity and liabilities | 10/49 | €165,160 | €173,840 | +€8,679 | +5.3% |
| Equity | 10/15 | €54,841 | €89,079 | +€34,238 | +62.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,840 | €86,079 | +€30,238 | +54.2% |
| Distributable reserves | 133 | €55,840 | €86,079 | +€30,238 | +54.2% |
| Profit (loss) carried forward | 14 | -€3,999 | €0 | +€3,999 | |
| Amounts payable | 17/49 | €110,320 | €84,761 | -€25,559 | -23.2% |
| Amounts payable after more than one year | 17 | €32,190 | €52,061 | +€19,871 | +61.7% |
| Financial debts | 170/4 | €32,190 | €52,061 | +€19,871 | +61.7% |
| Amounts payable within one year | 42/48 | €73,991 | €31,695 | -€42,296 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €9,568 | €12,519 | +€2,951 | +30.8% |
| Trade debts | 44 | €2,302 | €4,126 | +€1,824 | +79.2% |
| Suppliers | 440/4 | €2,302 | €4,126 | +€1,824 | +79.2% |
| Taxes, remuneration and social security | 45 | €7,663 | €5,558 | -€2,106 | -27.5% |
| Taxes | 450/3 | €4,300 | €3,422 | -€878 | -20.4% |
| Remuneration and social security | 454/9 | €3,363 | €2,135 | -€1,228 | -36.5% |
| Other amounts payable | 47/48 | €54,457 | €9,492 | -€44,965 | -82.6% |
| Accrued charges and deferred income | 492/3 | €4,139 | €1,005 | -€3,134 | -75.7% |
| Non-recurring operating income | 76A | - | €35,148 | +€35,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,585 | €20,077 | -€6,508 | -24.5% |
| Other operating charges | 640/8 | €900 | €897 | -€3 | -0.4% |
| Non-recurring operating charges | 66A | - | €1,240 | +€1,240 | |
| Gross operating margin | 9900 | €29,079 | €73,786 | +€44,707 | +154% |
| Operating profit (loss) | 9901 | €1,593 | €51,572 | +€49,979 | +3,137% |
| Financial income | 75/76B | €727 | €176 | -€551 | -75.8% |
| Recurring financial income | 75 | €727 | €176 | -€551 | -75.8% |
| Financial charges | 65/66B | €6,320 | €4,087 | -€2,232 | -35.3% |
| Recurring financial charges | 65 | €6,320 | €4,087 | -€2,232 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,999 | €47,660 | +€51,660 | |
| Income taxes | 67/77 | €0 | €13,422 | +€13,422 | +134,224,500% |
| Profit (loss) for the period | 9904 | -€3,999 | €34,238 | +€38,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,999 | €34,238 | +€38,237 |
Next steps
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 8 November 2026 via checked.be.