TREE AGENCY: 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.
TREE AGENCY
Largest movements
- Receivables within one year +€31,837
up €31,837 (+21.0%), from €151,862 to €183,699
of which Other amounts receivable: +€31,172
- Cash +€4,866
up €4,866 (+66.7%), from €7,291 to €12,157
mainly Net result for the year (+€32,756) and Trade debts (+€14,135)
- Profit (loss) carried forward +€32,756
up €32,756 (+36.6%), from €89,565 to €122,321
- Trade debts +€14,135
up €14,135 (+38.9%), from €36,301 to €50,436
- Tax, wage and social debts -€10,188
down €10,188 (-32.2%), from €31,617 to €21,430
- Other operating charges +€3,909
up €3,909 (+1110.5%), from €352 to €4,261
- Taxes -€1,279
down €1,279 (-8.9%), from €14,370 to €13,091
- Gross operating margin +€735
up €735 (+1.4%), from €50,746 to €51,481
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 | €159,483 | €196,187 | +€36,703 | +23.0% |
| Fixed assets | 21/28 | €330 | €330 | = | 0.0% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €159,153 | €195,857 | +€36,703 | +23.1% |
| Amounts receivable within one year | 40/41 | €151,862 | €183,699 | +€31,837 | +21.0% |
| Trade receivables | 40 | €135,518 | €136,184 | +€666 | +0.5% |
| Other amounts receivable | 41 | €16,344 | €47,516 | +€31,172 | +190.7% |
| Cash at bank and in hand | 54/58 | €7,291 | €12,157 | +€4,866 | +66.7% |
| Total equity and liabilities | 10/49 | €159,483 | €196,187 | +€36,703 | +23.0% |
| Equity | 10/15 | €91,565 | €124,321 | +€32,756 | +35.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,565 | €122,321 | +€32,756 | +36.6% |
| Amounts payable | 17/49 | €67,918 | €71,866 | +€3,947 | +5.8% |
| Amounts payable within one year | 42/48 | €67,918 | €71,866 | +€3,947 | +5.8% |
| Trade debts | 44 | €36,301 | €50,436 | +€14,135 | +38.9% |
| Suppliers | 440/4 | €36,301 | €50,436 | +€14,135 | +38.9% |
| Taxes, remuneration and social security | 45 | €31,617 | €21,430 | -€10,188 | -32.2% |
| Taxes | 450/3 | €31,617 | €21,430 | -€10,188 | -32.2% |
| Other operating charges | 640/8 | €352 | €4,261 | +€3,909 | +1110.5% |
| Gross operating margin | 9900 | €50,746 | €51,481 | +€735 | +1.4% |
| Operating profit (loss) | 9901 | €50,394 | €47,220 | -€3,174 | -6.3% |
| Financial charges | 65/66B | €1,529 | €1,372 | -€157 | -10.3% |
| Recurring financial charges | 65 | €1,529 | €1,372 | -€157 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €48,865 | €45,848 | -€3,017 | -6.2% |
| Income taxes | 67/77 | €14,370 | €13,091 | -€1,279 | -8.9% |
| Profit (loss) for the period | 9904 | €34,495 | €32,756 | -€1,738 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,495 | €32,756 | -€1,738 | -5.0% |
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 9 October 2026 via checked.be.