Tree Hugger: 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 Hugger
Largest movements
- Cash +€90,594
up €90,594 (+34.2%), from €264,577 to €355,171
mainly Net result for the year (+€85,894) and Tax, wage and social debts (+€4,508)
- Reserves +€85,894
up €85,894 (+48.4%), from €177,358 to €263,253
of which Distributable reserves: +€85,894
- Trade debts -€7,542
down €7,542 (-85.7%), from €8,800 to €1,259
- Tax, wage and social debts +€4,508
up €4,508 (+15.5%), from €29,112 to €33,620
of which Remuneration and social security: +€4,842
- Other debts +€4,275
up €4,275 (+14.0%), from €30,499 to €34,774
- Gross operating margin +€51,990
up €51,990 (+62.4%), from €83,260 to €135,249
- Taxes +€13,037
up €13,037 (+60.8%), from €21,438 to €34,476
- Staff costs +€6,045
up €6,045 (+220%), from €2,743 to €8,787
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 | €284,132 | €371,269 | +€87,137 | +30.7% |
| Fixed assets | 21/28 | €5,059 | €1,522 | -€3,537 | -69.9% |
| Tangible fixed assets | 22/27 | €5,059 | €1,522 | -€3,537 | -69.9% |
| Furniture and vehicles | 24 | €5,059 | €1,522 | -€3,537 | -69.9% |
| Current assets | 29/58 | €279,073 | €369,746 | +€90,674 | +32.5% |
| Amounts receivable within one year | 40/41 | €12,411 | €12,893 | +€481 | +3.9% |
| Trade receivables | 40 | €12,411 | €12,893 | +€481 | +3.9% |
| Cash at bank and in hand | 54/58 | €264,577 | €355,171 | +€90,594 | +34.2% |
| Deferred charges and accrued income | 490/1 | €2,085 | €1,683 | -€402 | -19.3% |
| Total equity and liabilities | 10/49 | €284,132 | €371,269 | +€87,137 | +30.7% |
| Equity | 10/15 | €215,721 | €301,615 | +€85,894 | +39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,358 | €263,253 | +€85,894 | +48.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €175,498 | €261,393 | +€85,894 | +48.9% |
| Profit (loss) carried forward | 14 | €19,763 | €19,763 | = | 0.0% |
| Amounts payable | 17/49 | €68,411 | €69,653 | +€1,242 | +1.8% |
| Amounts payable within one year | 42/48 | €68,411 | €69,653 | +€1,242 | +1.8% |
| Trade debts | 44 | €8,800 | €1,259 | -€7,542 | -85.7% |
| Suppliers | 440/4 | €8,800 | €1,259 | -€7,542 | -85.7% |
| Taxes, remuneration and social security | 45 | €29,112 | €33,620 | +€4,508 | +15.5% |
| Taxes | 450/3 | €29,112 | €28,778 | -€334 | -1.1% |
| Remuneration and social security | 454/9 | - | €4,842 | +€4,842 | |
| Other amounts payable | 47/48 | €30,499 | €34,774 | +€4,275 | +14.0% |
| Remuneration, social security and pensions | 62 | €2,743 | €8,787 | +€6,045 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,944 | €3,537 | -€407 | -10.3% |
| Other operating charges | 640/8 | €2,504 | €2,382 | -€122 | -4.9% |
| Gross operating margin | 9900 | €83,260 | €135,249 | +€51,990 | +62.4% |
| Operating profit (loss) | 9901 | €74,069 | €120,543 | +€46,474 | +62.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €197 | €173 | -€24 | -12.2% |
| Recurring financial charges | 65 | €197 | €173 | -€24 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €73,871 | €120,370 | +€46,499 | +62.9% |
| Income taxes | 67/77 | €21,438 | €34,476 | +€13,037 | +60.8% |
| Profit (loss) for the period | 9904 | €52,433 | €85,894 | +€33,461 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,433 | €85,894 | +€33,461 | +63.8% |
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 21 October 2026 via checked.be.