NEWTREE Group: 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.
NEWTREE Group
Largest movements
- Stocks and contracts -€125,211
down €125,211 (-70.9%), from €176,627 to €51,417
- Receivables within one year -€57,236
down €57,236 (-52.2%), from €109,728 to €52,492
of which Trade receivables: -€61,251
- Financial fixed assets -€20,828
down €20,828 (-3.9%), from €529,730 to €508,902
- Profit (loss) carried forward -€341,998
down €341,998 (-24.9%), from -€1.4m to -€1.7m
- Contributions +€200,000
up €200,000 (+9.4%), from €2.1m to €2.3m
- Other debts -€45,086
down €45,086 (-87.4%), from €51,566 to €6,480
- Trade debts -€24,000
down €24,000 (-40.8%), from €58,820 to €34,820
- Staff costs +€30,663
up €30,663 (+30.8%), from €99,625 to €130,288
- Write-downs -€26,779
down €26,779, from €8,289 to -€18,490
- Gross operating margin -€20,681
down €20,681 (-16.6%), from -€124,549 to -€145,230
- Financial income +€6,881
up €6,881 (+2181.0%), from €316 to €7,197
of which Non-recurring financial income: +€7,151
- Other operating charges +€3,940
up €3,940 (+311.3%), from €1,266 to €5,206
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 | €876,486 | €662,443 | -€214,043 | -24.4% |
| Fixed assets | 21/28 | €561,386 | €535,950 | -€25,436 | -4.5% |
| Intangible fixed assets | 21 | €30,124 | €23,041 | -€7,083 | -23.5% |
| Tangible fixed assets | 22/27 | €1,531 | €4,006 | +€2,475 | +161.7% |
| Plant, machinery and equipment | 23 | €1,467 | €2,704 | +€1,238 | +84.4% |
| Furniture and vehicles | 24 | €64 | €1,302 | +€1,238 | +1926.8% |
| Financial fixed assets | 28 | €529,730 | €508,902 | -€20,828 | -3.9% |
| Current assets | 29/58 | €315,100 | €126,493 | -€188,607 | -59.9% |
| Stocks and contracts in progress | 3 | €176,627 | €51,417 | -€125,211 | -70.9% |
| Stocks | 30/36 | €176,627 | €51,417 | -€125,211 | -70.9% |
| Amounts receivable within one year | 40/41 | €109,728 | €52,492 | -€57,236 | -52.2% |
| Trade receivables | 40 | €90,927 | €29,676 | -€61,251 | -67.4% |
| Other amounts receivable | 41 | €18,801 | €22,816 | +€4,015 | +21.4% |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,071 | €22,580 | -€4,491 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,670 | - | -€1,670 | |
| Total equity and liabilities | 10/49 | €876,486 | €662,443 | -€214,043 | -24.4% |
| Equity | 10/15 | €752,862 | €610,864 | -€141,998 | -18.9% |
| Contributions | 10/11 | €2,125,987 | €2,325,987 | +€200,000 | +9.4% |
| Capital | 10 | €2,125,987 | €2,325,987 | +€200,000 | +9.4% |
| Issued capital | 100 | €2,375,987 | €2,375,987 | = | 0.0% |
| Uncalled capital | 101 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Profit (loss) carried forward | 14 | -€1,373,125 | -€1,715,123 | -€341,998 | -24.9% |
| Amounts payable | 17/49 | €123,624 | €51,579 | -€72,046 | -58.3% |
| Amounts payable within one year | 42/48 | €123,624 | €51,579 | -€72,046 | -58.3% |
| Trade debts | 44 | €58,820 | €34,820 | -€24,000 | -40.8% |
| Suppliers | 440/4 | €58,820 | €34,820 | -€24,000 | -40.8% |
| Taxes, remuneration and social security | 45 | €13,239 | €10,279 | -€2,960 | -22.4% |
| Taxes | 450/3 | €1,671 | €60 | -€1,611 | -96.4% |
| Remuneration and social security | 454/9 | €11,568 | €10,219 | -€1,349 | -11.7% |
| Other amounts payable | 47/48 | €51,566 | €6,480 | -€45,086 | -87.4% |
| Remuneration, social security and pensions | 62 | €99,625 | €130,288 | +€30,663 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,751 | €10,039 | -€1,712 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,289 | -€18,490 | -€26,779 | |
| Other operating charges | 640/8 | €1,266 | €5,206 | +€3,940 | +311.3% |
| Non-recurring operating charges | 66A | - | €76,069 | +€76,069 | |
| Gross operating margin | 9900 | -€124,549 | -€145,230 | -€20,681 | -16.6% |
| Operating profit (loss) | 9901 | -€245,479 | -€348,343 | -€102,863 | -41.9% |
| Financial income | 75/76B | €316 | €7,197 | +€6,881 | +2181.0% |
| Recurring financial income | 75 | €316 | €46 | -€269 | -85.3% |
| Non-recurring financial income | 76B | - | €7,151 | +€7,151 | |
| Financial charges | 65/66B | €1,107 | €852 | -€255 | -23.0% |
| Recurring financial charges | 65 | €1,107 | €852 | -€255 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€246,271 | -€341,998 | -€95,727 | -38.9% |
| Income taxes | 67/77 | -€429 | - | +€429 | |
| Profit (loss) for the period | 9904 | -€245,842 | -€341,998 | -€96,156 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€245,842 | -€341,998 | -€96,156 | -39.1% |
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 7 October 2026 via checked.be.