EXTREE: 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.
EXTREE
Largest movements
- Cash +€22,887
up €22,887 (+46.2%), from €49,488 to €72,375
mainly Depreciation (+€18,948) and Other debts (+€15,929)
- Tangible fixed assets -€10,007
down €10,007 (-26.3%), from €37,997 to €27,990
- Intangible fixed assets -€4,800
down €4,800 (-28.6%), from €16,767 to €11,967
- Stocks and contracts +€2,620
up €2,620 (+386.1%), from €679 to €3,298
- Receivables within one year -€2,097
down €2,097 (-5.5%), from €37,910 to €35,813
of which Trade receivables: -€2,818
- Profit (loss) carried forward +€23,211
no longer reported in 2025 (was -€23,211)
- Reserves -€19,847
down €19,847 (-31.8%), from €62,356 to €42,509
of which Distributable reserves: -€16,847
- Other debts +€15,929
up €15,929 (+474.3%), from €3,358 to €19,287
- Trade debts -€8,808
down €8,808 (-22.8%), from €38,640 to €29,833
- Debts after one year -€5,571
down €5,571 (-44.5%), from €12,515 to €6,943
- Staff costs -€38,663
down €38,663 (-24.1%), from €160,539 to €121,876
- Gross operating margin -€28,309
down €28,309 (-14.7%), from €192,653 to €164,344
- Taxes +€5,957
up €5,957 (+2282.4%), from €261 to €6,218
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 | €147,278 | €156,174 | +€8,895 | +6.0% |
| Fixed assets | 21/28 | €54,764 | €39,958 | -€14,807 | -27.0% |
| Intangible fixed assets | 21 | €16,767 | €11,967 | -€4,800 | -28.6% |
| Tangible fixed assets | 22/27 | €37,997 | €27,990 | -€10,007 | -26.3% |
| Land and buildings | 22 | €10,302 | €6,314 | -€3,988 | -38.7% |
| Plant, machinery and equipment | 23 | €25,174 | €20,709 | -€4,465 | -17.7% |
| Furniture and vehicles | 24 | €2,522 | €968 | -€1,554 | -61.6% |
| Current assets | 29/58 | €92,514 | €116,216 | +€23,702 | +25.6% |
| Stocks and contracts in progress | 3 | €679 | €3,298 | +€2,620 | +386.1% |
| Stocks | 30/36 | €679 | €3,298 | +€2,620 | +386.1% |
| Amounts receivable within one year | 40/41 | €37,910 | €35,813 | -€2,097 | -5.5% |
| Trade receivables | 40 | €2,818 | - | -€2,818 | |
| Other amounts receivable | 41 | €35,093 | €35,813 | +€721 | +2.1% |
| Cash at bank and in hand | 54/58 | €49,488 | €72,375 | +€22,887 | +46.2% |
| Deferred charges and accrued income | 490/1 | €4,437 | €4,730 | +€292 | +6.6% |
| Total equity and liabilities | 10/49 | €147,278 | €156,174 | +€8,895 | +6.0% |
| Equity | 10/15 | €69,145 | €72,509 | +€3,364 | +4.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €62,356 | €42,509 | -€19,847 | -31.8% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €59,356 | €42,509 | -€16,847 | -28.4% |
| Profit (loss) carried forward | 14 | -€23,211 | - | +€23,211 | |
| Amounts payable | 17/49 | €78,133 | €83,665 | +€5,532 | +7.1% |
| Amounts payable after more than one year | 17 | €12,515 | €6,943 | -€5,571 | -44.5% |
| Financial debts | 170/4 | €12,515 | €6,943 | -€5,571 | -44.5% |
| Amounts payable within one year | 42/48 | €65,618 | €76,721 | +€11,103 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €6,438 | €5,571 | -€867 | -13.5% |
| Trade debts | 44 | €38,640 | €29,833 | -€8,808 | -22.8% |
| Suppliers | 440/4 | €38,640 | €29,833 | -€8,808 | -22.8% |
| Advances received on contracts in progress | 46 | - | €730 | +€730 | |
| Taxes, remuneration and social security | 45 | €17,182 | €21,300 | +€4,118 | +24.0% |
| Taxes | 450/3 | €4,031 | €9,767 | +€5,736 | +142.3% |
| Remuneration and social security | 454/9 | €13,151 | €11,533 | -€1,618 | -12.3% |
| Other amounts payable | 47/48 | €3,358 | €19,287 | +€15,929 | +474.3% |
| Remuneration, social security and pensions | 62 | €160,539 | €121,876 | -€38,663 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,261 | €18,948 | +€1,687 | +9.8% |
| Other operating charges | 640/8 | €1,413 | €1,522 | +€109 | +7.7% |
| Gross operating margin | 9900 | €192,653 | €164,344 | -€28,309 | -14.7% |
| Operating profit (loss) | 9901 | €13,440 | €21,999 | +€8,558 | +63.7% |
| Financial income | 75/76B | €704 | €721 | +€17 | +2.4% |
| Recurring financial income | 75 | €704 | €721 | +€17 | +2.4% |
| Financial charges | 65/66B | €563 | €838 | +€274 | +48.7% |
| Recurring financial charges | 65 | €563 | €838 | +€274 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €13,581 | €21,882 | +€8,301 | +61.1% |
| Income taxes | 67/77 | €261 | €6,218 | +€5,957 | +2282.4% |
| Profit (loss) for the period | 9904 | €13,320 | €15,664 | +€2,344 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,320 | €15,664 | +€2,344 | +17.6% |
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 8 October 2026 via checked.be.