Sales Tree: 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.
Sales Tree
Largest movements
- Cash +€61,882
up €61,882 (+169.6%), from €36,486 to €98,368
mainly Net result for the year (+€62,888) and Receivables within one year (+€21,302)
- Current investments +€21,439
up €21,439 (+268.5%), from €7,985 to €29,424
- Receivables within one year -€21,302
down €21,302 (-55.5%), from €38,403 to €17,101
of which Trade receivables: -€21,005
- Tangible fixed assets -€6,606
down €6,606 (-39.3%), from €16,791 to €10,186
of which Furniture and vehicles: -€6,128
- Profit (loss) carried forward +€62,888
up €62,888 (+96.6%), from €65,102 to €127,990
- Tax, wage and social debts -€7,150
down €7,150 (-23.3%), from €30,734 to €23,584
- Depreciation +€3,580
up €3,580 (+118.3%), from €3,026 to €6,606
- Gross operating margin +€1,646
up €1,646 (+1.9%), from €85,066 to €86,712
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 | €99,665 | €155,079 | +€55,414 | +55.6% |
| Fixed assets | 21/28 | €16,791 | €10,186 | -€6,606 | -39.3% |
| Tangible fixed assets | 22/27 | €16,791 | €10,186 | -€6,606 | -39.3% |
| Plant, machinery and equipment | 23 | €1,405 | €927 | -€478 | -34.0% |
| Furniture and vehicles | 24 | €15,386 | €9,259 | -€6,128 | -39.8% |
| Current assets | 29/58 | €82,874 | €144,894 | +€62,020 | +74.8% |
| Amounts receivable within one year | 40/41 | €38,403 | €17,101 | -€21,302 | -55.5% |
| Trade receivables | 40 | €36,474 | €15,469 | -€21,005 | -57.6% |
| Other amounts receivable | 41 | €1,928 | €1,632 | -€296 | -15.4% |
| Current investments | 50/53 | €7,985 | €29,424 | +€21,439 | +268.5% |
| Cash at bank and in hand | 54/58 | €36,486 | €98,368 | +€61,882 | +169.6% |
| Total equity and liabilities | 10/49 | €99,665 | €155,079 | +€55,414 | +55.6% |
| Equity | 10/15 | €68,102 | €130,990 | +€62,888 | +92.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,102 | €127,990 | +€62,888 | +96.6% |
| Amounts payable | 17/49 | €31,563 | €24,089 | -€7,474 | -23.7% |
| Amounts payable within one year | 42/48 | €31,563 | €24,089 | -€7,474 | -23.7% |
| Trade debts | 44 | €829 | €505 | -€324 | -39.0% |
| Suppliers | 440/4 | €829 | €505 | -€324 | -39.0% |
| Taxes, remuneration and social security | 45 | €30,734 | €23,584 | -€7,150 | -23.3% |
| Taxes | 450/3 | €30,734 | €23,584 | -€7,150 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,026 | €6,606 | +€3,580 | +118.3% |
| Other operating charges | 640/8 | €50 | €175 | +€125 | +250.0% |
| Gross operating margin | 9900 | €85,066 | €86,712 | +€1,646 | +1.9% |
| Operating profit (loss) | 9901 | €81,990 | €79,931 | -€2,059 | -2.5% |
| Financial income | 75/76B | €90 | €205 | +€115 | +127.6% |
| Recurring financial income | 75 | €90 | €205 | +€115 | +127.6% |
| Financial charges | 65/66B | €10 | €136 | +€126 | +1258.6% |
| Recurring financial charges | 65 | €10 | €136 | +€126 | +1258.6% |
| Profit (loss) for the period before taxes | 9903 | €82,070 | €80,001 | -€2,069 | -2.5% |
| Income taxes | 67/77 | €16,968 | €17,113 | +€145 | +0.9% |
| Profit (loss) for the period | 9904 | €65,102 | €62,888 | -€2,215 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,102 | €62,888 | -€2,215 | -3.4% |
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 3 October 2026 via checked.be.