Beech Tree: 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.
Beech Tree
Largest movements
- Cash +€56,264
up €56,264 (+45.5%), from €123,759 to €180,024
mainly Other debts (+€142,149) and Depreciation (+€2,976)
- Other debts +€142,149
up €142,149 (+295%), from €48,172 to €190,321
- Reserves -€52,842
down €52,842 (-8.8%), from €603,730 to €550,888
of which Distributable reserves: -€52,842
- Financial income +€38,441
up €38,441 (+76.1%), from €50,486 to €88,927
- Financial charges +€32,603
up €32,603 (+87.0%), from -€37,487 to -€4,885
- Gross operating margin -€11,336
down €11,336 (-26.9%), from -€42,136 to -€53,472
- Depreciation -€11,058
down €11,058 (-78.8%), from €14,034 to €2,976
- Staff costs +€3,930
up €3,930 (+5.0%), from €77,970 to €81,900
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 | €3,497,962 | €3,589,395 | +€91,433 | +2.6% |
| Fixed assets | 21/28 | €1,417,743 | €1,414,704 | -€3,039 | -0.2% |
| Tangible fixed assets | 22/27 | €1,417,743 | €1,414,704 | -€3,039 | -0.2% |
| Land and buildings | 22 | €1,409,594 | €1,409,530 | -€63 | 0.0% |
| Plant, machinery and equipment | 23 | €1,671 | €329 | -€1,342 | -80.3% |
| Furniture and vehicles | 24 | €6,478 | €4,844 | -€1,634 | -25.2% |
| Current assets | 29/58 | €2,080,219 | €2,174,692 | +€94,473 | +4.5% |
| Amounts receivable within one year | 40/41 | €15,146 | €41,824 | +€26,678 | +176% |
| Other amounts receivable | 41 | €15,146 | €41,824 | +€26,678 | +176% |
| Current investments | 50/53 | €1,941,314 | €1,947,966 | +€6,652 | +0.3% |
| Cash at bank and in hand | 54/58 | €123,759 | €180,024 | +€56,264 | +45.5% |
| Deferred charges and accrued income | 490/1 | - | €4,878 | +€4,878 | |
| Total equity and liabilities | 10/49 | €3,497,962 | €3,589,395 | +€91,433 | +2.6% |
| Equity | 10/15 | €3,427,677 | €3,374,835 | -€52,842 | -1.5% |
| Contributions | 10/11 | €2,823,947 | €2,823,947 | = | 0.0% |
| Capital | 10 | €2,823,947 | €2,823,947 | = | 0.0% |
| Issued capital | 100 | €2,823,947 | €2,823,947 | = | 0.0% |
| Reserves | 13 | €603,730 | €550,888 | -€52,842 | -8.8% |
| Non-distributable reserves | 130/1 | €52,010 | €52,010 | = | 0.0% |
| Legal reserve | 130 | €52,010 | €52,010 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €545,771 | €492,929 | -€52,842 | -9.7% |
| Amounts payable | 17/49 | €70,285 | €214,560 | +€144,275 | +205% |
| Amounts payable within one year | 42/48 | €64,785 | €209,060 | +€144,275 | +223% |
| Trade debts | 44 | €9,286 | €11,661 | +€2,375 | +25.6% |
| Suppliers | 440/4 | €9,286 | €11,661 | +€2,375 | +25.6% |
| Taxes, remuneration and social security | 45 | €7,328 | €7,079 | -€249 | -3.4% |
| Taxes | 450/3 | €464 | €0 | -€464 | -100% |
| Remuneration and social security | 454/9 | €6,863 | €7,079 | +€215 | +3.1% |
| Other amounts payable | 47/48 | €48,172 | €190,321 | +€142,149 | +295% |
| Accrued charges and deferred income | 492/3 | €5,500 | €5,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €77,970 | €81,900 | +€3,930 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,034 | €2,976 | -€11,058 | -78.8% |
| Other operating charges | 640/8 | €8,493 | €8,242 | -€251 | -3.0% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | -€42,136 | -€53,472 | -€11,336 | -26.9% |
| Operating profit (loss) | 9901 | -€142,634 | -€146,654 | -€4,020 | -2.8% |
| Financial income | 75/76B | €50,486 | €88,927 | +€38,441 | +76.1% |
| Recurring financial income | 75 | €50,486 | €88,927 | +€38,441 | +76.1% |
| Financial charges | 65/66B | -€37,487 | -€4,885 | +€32,603 | +87.0% |
| Recurring financial charges | 65 | -€37,487 | -€4,885 | +€32,603 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,660 | -€52,842 | +€1,818 | +3.3% |
| Profit (loss) for the period | 9904 | -€54,660 | -€52,842 | +€1,818 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,660 | -€52,842 | +€1,818 | +3.3% |
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 17 October 2026 via checked.be.