Trädtopp: 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.
Trädtopp
Largest movements
- Cash +€13,340
up €13,340 (+15.6%), from €85,411 to €98,751
mainly Net result for the year (+€15,401) and Tax, wage and social debts (+€5,550)
- Receivables within one year -€2,031
down €2,031 (-7.3%), from €27,854 to €25,823
of which Trade receivables: -€2,057
- Deferred charges and accrued income +€1,420
up €1,420 (+84.6%), from €1,679 to €3,100
- Profit (loss) carried forward +€15,401
up €15,401 (+17.2%), from €89,625 to €105,026
- Trade debts -€9,327
down €9,327 (-91.9%), from €10,144 to €817
- Tax, wage and social debts +€5,550
up €5,550 (+31.0%), from €17,916 to €23,466
- Other debts +€1,386
up €1,386 (+113.4%), from €1,222 to €2,608
- Gross operating margin -€67,328
down €67,328 (-73.7%), from €91,384 to €24,056
- Taxes -€12,729
down €12,729 (-99.0%), from €12,861 to €132
- Write-downs +€2,508
new in 2025: €2,508
- Depreciation +€1,795
up €1,795 (+234.5%), from €765 to €2,560
- Financial charges +€1,539
up €1,539 (+106.5%), from €1,446 to €2,985
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 | €121,907 | €135,179 | +€13,272 | +10.9% |
| Fixed assets | 21/28 | €6,963 | €7,505 | +€542 | +7.8% |
| Tangible fixed assets | 22/27 | €6,963 | €7,505 | +€542 | +7.8% |
| Furniture and vehicles | 24 | €6,963 | €7,505 | +€542 | +7.8% |
| Current assets | 29/58 | €114,944 | €127,674 | +€12,730 | +11.1% |
| Amounts receivable within one year | 40/41 | €27,854 | €25,823 | -€2,031 | -7.3% |
| Trade receivables | 40 | €27,854 | €25,797 | -€2,057 | -7.4% |
| Other amounts receivable | 41 | €0 | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €85,411 | €98,751 | +€13,340 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,679 | €3,100 | +€1,420 | +84.6% |
| Total equity and liabilities | 10/49 | €121,907 | €135,179 | +€13,272 | +10.9% |
| Equity | 10/15 | €92,625 | €108,026 | +€15,401 | +16.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,625 | €105,026 | +€15,401 | +17.2% |
| Amounts payable | 17/49 | €29,282 | €27,154 | -€2,129 | -7.3% |
| Amounts payable within one year | 42/48 | €29,282 | €26,923 | -€2,359 | -8.1% |
| Financial debts | 43 | - | €33 | +€33 | |
| Credit institutions | 430/8 | - | €33 | +€33 | |
| Trade debts | 44 | €10,144 | €817 | -€9,327 | -91.9% |
| Suppliers | 440/4 | €10,144 | €817 | -€9,327 | -91.9% |
| Taxes, remuneration and social security | 45 | €17,916 | €23,466 | +€5,550 | +31.0% |
| Taxes | 450/3 | €17,916 | €23,466 | +€5,550 | +31.0% |
| Other amounts payable | 47/48 | €1,222 | €2,608 | +€1,386 | +113.4% |
| Accrued charges and deferred income | 492/3 | - | €230 | +€230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €2,560 | +€1,795 | +234.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,508 | +€2,508 | |
| Other operating charges | 640/8 | €497 | €515 | +€18 | +3.6% |
| Gross operating margin | 9900 | €91,384 | €24,056 | -€67,328 | -73.7% |
| Operating profit (loss) | 9901 | €90,122 | €18,474 | -€71,648 | -79.5% |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €1,446 | €2,985 | +€1,539 | +106.5% |
| Recurring financial charges | 65 | €1,446 | €2,985 | +€1,539 | +106.5% |
| Profit (loss) for the period before taxes | 9903 | €88,676 | €15,533 | -€73,144 | -82.5% |
| Income taxes | 67/77 | €12,861 | €132 | -€12,729 | -99.0% |
| Profit (loss) for the period | 9904 | €75,815 | €15,401 | -€60,415 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,815 | €15,401 | -€60,415 | -79.7% |
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 11 October 2026 via checked.be.