Cherrytree: 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.
Cherrytree
Largest movements
- Tangible fixed assets -€45,111
down €45,111 (-12.7%), from €353,888 to €308,777
of which Plant, machinery and equipment: -€49,444
- Receivables within one year +€40,026
up €40,026 (+789.3%), from €5,071 to €45,097
of which Trade receivables: +€30,206
- Cash +€13,039
up €13,039 (+32.1%), from €40,595 to €53,635
mainly Net result for the year (+€63,820) and Depreciation (+€52,111)
- Debts after one year -€38,547
down €38,547 (-32.1%), from €119,998 to €81,451
- Tax, wage and social debts +€20,729
up €20,729 (+1097.2%), from €1,889 to €22,619
- Other debts +€14,110
up €14,110 (+29.4%), from €47,949 to €62,059
- Trade debts +€5,587
up €5,587, from €0 to €5,587
- Reserves +€4,996
up €4,996 (+5.6%), from €89,489 to €94,485
- Gross operating margin +€96,763
up €96,763 (+117.6%), from €82,297 to €179,060
- Taxes +€20,692
up €20,692 (+1074.5%), from €1,926 to €22,618
- Staff costs +€16,758
up €16,758 (+116.7%), from €14,362 to €31,121
- Depreciation +€10,399
up €10,399 (+24.9%), from €41,712 to €52,111
- Financial charges +€3,770
up €3,770 (+76.7%), from €4,913 to €8,683
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 | €400,595 | €408,642 | +€8,047 | +2.0% |
| Fixed assets | 21/28 | €353,888 | €308,777 | -€45,111 | -12.7% |
| Tangible fixed assets | 22/27 | €353,888 | €308,777 | -€45,111 | -12.7% |
| Plant, machinery and equipment | 23 | €353,888 | €304,444 | -€49,444 | -14.0% |
| Furniture and vehicles | 24 | - | €4,333 | +€4,333 | |
| Current assets | 29/58 | €46,707 | €99,865 | +€53,157 | +113.8% |
| Amounts receivable within one year | 40/41 | €5,071 | €45,097 | +€40,026 | +789.3% |
| Trade receivables | 40 | €1,419 | €31,625 | +€30,206 | +2128.1% |
| Other amounts receivable | 41 | €3,652 | €13,472 | +€9,820 | +268.9% |
| Cash at bank and in hand | 54/58 | €40,595 | €53,635 | +€13,039 | +32.1% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,133 | +€92 | +8.8% |
| Total equity and liabilities | 10/49 | €400,595 | €408,642 | +€8,047 | +2.0% |
| Equity | 10/15 | €189,489 | €194,485 | +€4,996 | +2.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €89,489 | €94,485 | +€4,996 | +5.6% |
| Distributable reserves | 133 | €89,489 | €94,485 | +€4,996 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €211,107 | €214,157 | +€3,050 | +1.4% |
| Amounts payable after more than one year | 17 | €119,998 | €81,451 | -€38,547 | -32.1% |
| Financial debts | 170/4 | €119,998 | €81,451 | -€38,547 | -32.1% |
| Amounts payable within one year | 42/48 | €87,697 | €128,811 | +€41,114 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €37,859 | €38,547 | +€687 | +1.8% |
| Trade debts | 44 | €0 | €5,587 | +€5,587 | |
| Suppliers | 440/4 | €0 | €5,587 | +€5,587 | |
| Taxes, remuneration and social security | 45 | €1,889 | €22,619 | +€20,729 | +1097.2% |
| Taxes | 450/3 | €1,889 | €22,619 | +€20,729 | +1097.2% |
| Other amounts payable | 47/48 | €47,949 | €62,059 | +€14,110 | +29.4% |
| Accrued charges and deferred income | 492/3 | €3,412 | €3,894 | +€483 | +14.2% |
| Remuneration, social security and pensions | 62 | €14,362 | €31,121 | +€16,758 | +116.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,712 | €52,111 | +€10,399 | +24.9% |
| Other operating charges | 640/8 | €513 | €707 | +€194 | +37.9% |
| Gross operating margin | 9900 | €82,297 | €179,060 | +€96,763 | +117.6% |
| Operating profit (loss) | 9901 | €25,710 | €95,122 | +€69,412 | +270.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €4,913 | €8,683 | +€3,770 | +76.7% |
| Recurring financial charges | 65 | €4,913 | €8,683 | +€3,770 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €20,797 | €86,438 | +€65,641 | +315.6% |
| Income taxes | 67/77 | €1,926 | €22,618 | +€20,692 | +1074.5% |
| Profit (loss) for the period | 9904 | €18,871 | €63,820 | +€44,949 | +238.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,871 | €63,820 | +€44,949 | +238.2% |
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 29 September 2026 via checked.be.