HIGH 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.
HIGH TREE
Largest movements
- Cash -€12,704
down €12,704 (-99.7%), from €12,738 to €34
mainly Tax, wage and social debts (-€7,391) and Receivables within one year (-€6,166)
- Receivables within one year +€6,166
up €6,166 (+636%), from €970 to €7,135
of which Trade receivables: +€5,080
- Tangible fixed assets +€265
up €265 (+4.0%), from €6,647 to €6,911
of which Furniture and vehicles: +€432
- Tax, wage and social debts -€7,391
down €7,391 (-72.5%), from €10,201 to €2,810
of which Taxes: -€5,891
- Profit (loss) carried forward +€6,355
up €6,355 (+21.3%), from -€29,815 to -€23,460
- Other debts -€4,924
no longer reported in 2025 (was €4,924)
- Trade debts -€234
down €234 (-1.3%), from €17,851 to €17,617
- Gross operating margin -€11,861
down €11,861 (-55.1%), from €21,525 to €9,664
- Financial charges +€607
up €607 (+59.3%), from €1,022 to €1,629
- Other operating charges -€574
down €574 (-35.7%), from €1,608 to €1,035
- Financial income +€249
up €249 (+1,764%), from €14 to €263
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 | €21,762 | €15,567 | -€6,195 | -28.5% |
| Fixed assets | 21/28 | €6,647 | €6,911 | +€265 | +4.0% |
| Tangible fixed assets | 22/27 | €6,647 | €6,911 | +€265 | +4.0% |
| Land and buildings | 22 | €4,000 | €4,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,047 | €879 | -€168 | -16.0% |
| Furniture and vehicles | 24 | €1,600 | €2,032 | +€432 | +27.0% |
| Current assets | 29/58 | €15,115 | €8,655 | -€6,460 | -42.7% |
| Amounts receivable within one year | 40/41 | €970 | €7,135 | +€6,166 | +636% |
| Trade receivables | 40 | €970 | €6,050 | +€5,080 | +524% |
| Other amounts receivable | 41 | - | €1,085 | +€1,085 | |
| Cash at bank and in hand | 54/58 | €12,738 | €34 | -€12,704 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,408 | €1,486 | +€78 | +5.6% |
| Total equity and liabilities | 10/49 | €21,762 | €15,567 | -€6,195 | -28.5% |
| Equity | 10/15 | -€11,215 | -€4,860 | +€6,355 | +56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,815 | -€23,460 | +€6,355 | +21.3% |
| Amounts payable | 17/49 | €32,977 | €20,427 | -€12,550 | -38.1% |
| Amounts payable within one year | 42/48 | €32,977 | €20,427 | -€12,550 | -38.1% |
| Trade debts | 44 | €17,851 | €17,617 | -€234 | -1.3% |
| Suppliers | 440/4 | €17,851 | €17,617 | -€234 | -1.3% |
| Taxes, remuneration and social security | 45 | €10,201 | €2,810 | -€7,391 | -72.5% |
| Taxes | 450/3 | €8,701 | €2,810 | -€5,891 | -67.7% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €4,924 | - | -€4,924 | |
| Non-recurring operating income | 76A | €14,392 | - | -€14,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €768 | +€63 | +8.9% |
| Other operating charges | 640/8 | €1,608 | €1,035 | -€574 | -35.7% |
| Gross operating margin | 9900 | €21,525 | €9,664 | -€11,861 | -55.1% |
| Operating profit (loss) | 9901 | €19,212 | €7,861 | -€11,350 | -59.1% |
| Financial income | 75/76B | €14 | €263 | +€249 | +1,764% |
| Recurring financial income | 75 | €14 | €263 | +€249 | +1,764% |
| Financial charges | 65/66B | €1,022 | €1,629 | +€607 | +59.3% |
| Recurring financial charges | 65 | €1,022 | €1,629 | +€607 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €18,204 | €6,496 | -€11,708 | -64.3% |
| Income taxes | 67/77 | €217 | €141 | -€76 | -35.2% |
| Profit (loss) for the period | 9904 | €17,986 | €6,355 | -€11,631 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,986 | €6,355 | -€11,631 | -64.7% |
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 15 October 2026 via checked.be.