TREE CONSULT: 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.
TREE CONSULT
Largest movements
- Cash +€74,505
up €74,505 (+108.1%), from €68,929 to €143,434
mainly Net result for the year (+€45,490) and Other debts (+€25,571)
- Tangible fixed assets -€14,135
down €14,135 (-15.9%), from €88,806 to €74,671
of which Furniture and vehicles: -€12,504
- Receivables within one year +€3,584
up €3,584 (+10.4%), from €34,532 to €38,116
of which Trade receivables: +€5,143
- Reserves +€28,652
up €28,652 (+21.4%), from €134,201 to €162,853
- Other debts +€25,571
up €25,571 (+4823.5%), from €530 to €26,101
- Tax, wage and social debts +€10,019
up €10,019 (+370.6%), from €2,703 to €12,722
- Depreciation +€2,348
up €2,348 (+18.8%), from €12,512 to €14,860
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 | €195,292 | €259,587 | +€64,295 | +32.9% |
| Fixed assets | 21/28 | €88,876 | €74,741 | -€14,135 | -15.9% |
| Tangible fixed assets | 22/27 | €88,806 | €74,671 | -€14,135 | -15.9% |
| Land and buildings | 22 | €34,018 | €32,827 | -€1,191 | -3.5% |
| Furniture and vehicles | 24 | €52,118 | €39,614 | -€12,504 | -24.0% |
| Other tangible fixed assets | 26 | €2,671 | €2,231 | -€440 | -16.5% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €106,416 | €184,846 | +€78,430 | +73.7% |
| Amounts receivable within one year | 40/41 | €34,532 | €38,116 | +€3,584 | +10.4% |
| Trade receivables | 40 | €32,973 | €38,116 | +€5,143 | +15.6% |
| Other amounts receivable | 41 | €1,559 | - | -€1,559 | |
| Cash at bank and in hand | 54/58 | €68,929 | €143,434 | +€74,505 | +108.1% |
| Deferred charges and accrued income | 490/1 | €2,955 | €3,296 | +€341 | +11.5% |
| Total equity and liabilities | 10/49 | €195,292 | €259,587 | +€64,295 | +32.9% |
| Equity | 10/15 | €190,154 | €218,806 | +€28,652 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,201 | €162,853 | +€28,652 | +21.4% |
| Distributable reserves | 133 | €134,201 | €162,853 | +€28,652 | +21.4% |
| Profit (loss) carried forward | 14 | €43,553 | €43,553 | = | 0.0% |
| Amounts payable | 17/49 | €5,138 | €40,781 | +€35,643 | +693.7% |
| Amounts payable within one year | 42/48 | €5,138 | €40,208 | +€35,069 | +682.5% |
| Trade debts | 44 | €1,905 | €1,384 | -€520 | -27.3% |
| Suppliers | 440/4 | €1,905 | €1,384 | -€520 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,703 | €12,722 | +€10,019 | +370.6% |
| Taxes | 450/3 | €2,703 | €12,722 | +€10,019 | +370.6% |
| Other amounts payable | 47/48 | €530 | €26,101 | +€25,571 | +4823.5% |
| Accrued charges and deferred income | 492/3 | - | €574 | +€574 | |
| Non-recurring operating income | 76A | €197 | - | -€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,512 | €14,860 | +€2,348 | +18.8% |
| Other operating charges | 640/8 | €396 | €492 | +€96 | +24.3% |
| Gross operating margin | 9900 | €79,181 | €79,313 | +€132 | +0.2% |
| Operating profit (loss) | 9901 | €66,273 | €63,961 | -€2,312 | -3.5% |
| Financial charges | 65/66B | €139 | €121 | -€19 | -13.3% |
| Recurring financial charges | 65 | €139 | €121 | -€19 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €66,133 | €63,840 | -€2,293 | -3.5% |
| Income taxes | 67/77 | €17,703 | €18,350 | +€647 | +3.7% |
| Profit (loss) for the period | 9904 | €48,430 | €45,490 | -€2,940 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,430 | €45,490 | -€2,940 | -6.1% |
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 3 October 2026 via checked.be.