Tree Development: 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 Development
Largest movements
- Stocks and contracts +€82,460
new in 2025: €82,460
- Receivables within one year +€17,854
up €17,854 (+15,087%), from €118 to €17,972
of which Other amounts receivable: +€17,668
- Cash +€7,034
up €7,034 (+4,202%), from €167 to €7,201
mainly Debts after one year (+€90,000) and Net result for the year (+€13,640)
- Debts after one year +€90,000
new in 2025: €90,000
- Reserves +€10,201
new in 2025: €10,201
- Profit (loss) carried forward +€3,439
no longer reported in 2025 (was -€3,439)
- Tax, wage and social debts +€3,400
new in 2025: €3,400
- Gross operating margin +€20,662
up €20,662, from -€3,051 to €17,611
- Taxes +€3,400
new in 2025: €3,400
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.
Derived cash bridge
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 | €286 | €107,633 | +€107,347 | +37,568% |
| Current assets | 29/58 | €286 | €107,633 | +€107,347 | +37,568% |
| Stocks and contracts in progress | 3 | - | €82,460 | +€82,460 | |
| Contracts in progress | 37 | - | €82,460 | +€82,460 | |
| Amounts receivable within one year | 40/41 | €118 | €17,972 | +€17,854 | +15,087% |
| Trade receivables | 40 | - | €185 | +€185 | |
| Other amounts receivable | 41 | €118 | €17,787 | +€17,668 | +14,930% |
| Cash at bank and in hand | 54/58 | €167 | €7,201 | +€7,034 | +4,202% |
| Total equity and liabilities | 10/49 | €286 | €107,633 | +€107,347 | +37,568% |
| Equity | 10/15 | -€1,439 | €12,201 | +€13,640 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €10,201 | +€10,201 | |
| Distributable reserves | 133 | - | €10,201 | +€10,201 | |
| Profit (loss) carried forward | 14 | -€3,439 | - | +€3,439 | |
| Amounts payable | 17/49 | €1,724 | €95,432 | +€93,707 | +5,434% |
| Amounts payable after more than one year | 17 | - | €90,000 | +€90,000 | |
| Financial debts | 170/4 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €1,724 | €5,432 | +€3,707 | +215% |
| Trade debts | 44 | - | €250 | +€250 | |
| Suppliers | 440/4 | - | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | - | €3,400 | +€3,400 | |
| Taxes | 450/3 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | €1,724 | €1,781 | +€57 | +3.3% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€3,051 | €17,611 | +€20,662 | |
| Operating profit (loss) | 9901 | -€3,439 | €17,091 | +€20,530 | |
| Financial charges | 65/66B | - | €50 | +€50 | |
| Recurring financial charges | 65 | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | -€3,439 | €17,041 | +€20,479 | |
| Income taxes | 67/77 | - | €3,400 | +€3,400 | |
| Profit (loss) for the period | 9904 | -€3,439 | €13,640 | +€17,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,439 | €13,640 | +€17,079 |
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 16 October 2026 via checked.be.