BO - GARDEN: what changed
Two fiscal 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.
BO - GARDEN
Largest movements
- Receivables within one year +€145,454
up €145,454 (+44.0%), from €330,448 to €475,902
of which Other amounts receivable: +€206,544
- Receivables after one year -€136,250
down €136,250 (-100.0%), from €136,250 to €0
- Tangible fixed assets -€71,172
down €71,172 (-6.7%), from €1.1m to €993,648
of which Land and buildings: -€40,609
- Stocks and contracts +€58,194
up €58,194 (+37.0%), from €157,071 to €215,265
- Cash -€46,729
down €46,729 (-20.8%), from €225,035 to €178,306
mainly Receivables within one year (-€145,454) and Debts after one year (-€69,723)
- Debts after one year -€69,723
down €69,723 (-14.5%), from €480,173 to €410,450
- Trade debts +€54,925
up €54,925 (+28.9%), from €190,160 to €245,086
- Tax, wage and social debts -€51,906
down €51,906 (-44.0%), from €117,841 to €65,935
of which Taxes: -€38,190
- Reserves +€41,449
up €41,449 (+7.7%), from €535,970 to €577,420
of which Distributable reserves: +€41,449
- Current portion of long-term debt -€26,411
down €26,411 (-27.5%), from €96,134 to €69,723
- Gross operating margin -€71,170
down €71,170 (-7.4%), from €957,042 to €885,872
- Staff costs -€70,002
down €70,002 (-8.9%), from €785,277 to €715,275
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.
Cash bridge derived
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 | €1,968,999 | €1,914,960 | -€54,039 | -2.7% |
| Fixed assets | 21/28 | €1,066,378 | €995,206 | -€71,172 | -6.7% |
| Tangible fixed assets | 22/27 | €1,064,820 | €993,648 | -€71,172 | -6.7% |
| Land and buildings | 22 | €945,074 | €904,466 | -€40,609 | -4.3% |
| Plant, machinery and equipment | 23 | €16,125 | €11,102 | -€5,023 | -31.1% |
| Furniture and vehicles | 24 | €101,606 | €78,080 | -€23,526 | -23.2% |
| Leasing and similar rights | 25 | €2,014 | €0 | -€2,014 | -100.0% |
| Financial fixed assets | 28 | €1,558 | €1,558 | = | 0.0% |
| Current assets | 29/58 | €902,621 | €919,754 | +€17,133 | +1.9% |
| Amounts receivable after more than one year | 29 | €136,250 | €0 | -€136,250 | -100.0% |
| Other amounts receivable | 291 | €136,250 | €0 | -€136,250 | -100.0% |
| Stocks and contracts in progress | 3 | €157,071 | €215,265 | +€58,194 | +37.0% |
| Stocks | 30/36 | €157,071 | €215,265 | +€58,194 | +37.0% |
| Amounts receivable within one year | 40/41 | €330,448 | €475,902 | +€145,454 | +44.0% |
| Trade receivables | 40 | €240,442 | €179,352 | -€61,090 | -25.4% |
| Other amounts receivable | 41 | €90,006 | €296,550 | +€206,544 | +229.5% |
| Cash at bank and in hand | 54/58 | €225,035 | €178,306 | -€46,729 | -20.8% |
| Deferred charges and accrued income | 490/1 | €53,817 | €50,280 | -€3,537 | -6.6% |
| Total equity and liabilities | 10/49 | €1,968,999 | €1,914,960 | -€54,039 | -2.7% |
| Equity | 10/15 | €825,970 | €867,420 | +€41,449 | +5.0% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €535,970 | €577,420 | +€41,449 | +7.7% |
| Non-distributable reserves | 130/1 | €29,000 | €29,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,000 | €29,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €488,220 | €529,670 | +€41,449 | +8.5% |
| Amounts payable | 17/49 | €1,143,029 | €1,047,540 | -€95,489 | -8.4% |
| Amounts payable after more than one year | 17 | €480,173 | €410,450 | -€69,723 | -14.5% |
| Financial debts | 170/4 | €480,173 | €410,450 | -€69,723 | -14.5% |
| Amounts payable within one year | 42/48 | €662,855 | €637,090 | -€25,765 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €96,134 | €69,723 | -€26,411 | -27.5% |
| Financial debts | 43 | €6,085 | €6,057 | -€28 | -0.5% |
| Credit institutions | 430/8 | €6,085 | €6,057 | -€28 | -0.5% |
| Trade debts | 44 | €190,160 | €245,086 | +€54,925 | +28.9% |
| Suppliers | 440/4 | €190,160 | €245,086 | +€54,925 | +28.9% |
| Advances received on contracts in progress | 46 | €230,000 | €230,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €117,841 | €65,935 | -€51,906 | -44.0% |
| Taxes | 450/3 | €71,950 | €33,760 | -€38,190 | -53.1% |
| Remuneration and social security | 454/9 | €45,891 | €32,175 | -€13,716 | -29.9% |
| Other amounts payable | 47/48 | €22,634 | €20,288 | -€2,346 | -10.4% |
| Remuneration, social security and pensions | 62 | €785,277 | €715,275 | -€70,002 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,647 | €99,594 | +€4,946 | +5.2% |
| Other operating charges | 640/8 | €13,285 | €12,905 | -€380 | -2.9% |
| Gross operating margin | 9900 | €957,042 | €885,872 | -€71,170 | -7.4% |
| Operating profit (loss) | 9901 | €63,832 | €58,098 | -€5,734 | -9.0% |
| Financial income | 75/76B | €9,132 | €15,800 | +€6,668 | +73.0% |
| Recurring financial income | 75 | €9,132 | €15,800 | +€6,668 | +73.0% |
| Financial charges | 65/66B | €12,475 | €9,021 | -€3,454 | -27.7% |
| Recurring financial charges | 65 | €12,475 | €9,021 | -€3,454 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €60,489 | €64,877 | +€4,388 | +7.3% |
| Income taxes | 67/77 | €22,486 | €23,428 | +€941 | +4.2% |
| Profit (loss) for the period | 9904 | €38,003 | €41,449 | +€3,446 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,003 | €41,449 | +€3,446 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.