Tree-Invest: 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-Invest
Largest movements
- Tangible fixed assets -€74,415
down €74,415 (-5.3%), from €1.4m to €1.3m
- Debts after one year -€256,487
down €256,487 (-34.4%), from €746,257 to €489,769
- Other debts +€154,833
up €154,833 (+663%), from €23,369 to €178,202
- Profit (loss) carried forward +€42,993
up €42,993 (+17.8%), from €241,206 to €284,199
- Current portion of long-term debt -€25,000
down €25,000 (-17.1%), from €146,487 to €121,487
- Gross operating margin -€43,296
down €43,296 (-18.9%), from €229,588 to €186,292
- Depreciation -€38,000
down €38,000 (-33.8%), from €112,415 to €74,415
- Financial charges -€6,419
down €6,419 (-15.4%), from €41,664 to €35,245
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 | €1,421,095 | €1,337,857 | -€83,238 | -5.9% |
| Fixed assets | 21/28 | €1,403,100 | €1,328,685 | -€74,415 | -5.3% |
| Tangible fixed assets | 22/27 | €1,403,100 | €1,328,685 | -€74,415 | -5.3% |
| Land and buildings | 22 | €1,403,100 | €1,328,685 | -€74,415 | -5.3% |
| Current assets | 29/58 | €17,995 | €9,172 | -€8,823 | -49.0% |
| Amounts receivable within one year | 40/41 | €6,580 | €4,106 | -€2,474 | -37.6% |
| Trade receivables | 40 | - | €355 | +€355 | |
| Other amounts receivable | 41 | €6,580 | €3,751 | -€2,829 | -43.0% |
| Cash at bank and in hand | 54/58 | €11,415 | €5,066 | -€6,348 | -55.6% |
| Total equity and liabilities | 10/49 | €1,421,095 | €1,337,857 | -€83,238 | -5.9% |
| Equity | 10/15 | €498,806 | €541,799 | +€42,993 | +8.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €7,600 | €7,600 | = | 0.0% |
| Distributable reserves | 133 | €7,600 | €7,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,206 | €284,199 | +€42,993 | +17.8% |
| Amounts payable | 17/49 | €922,289 | €796,058 | -€126,231 | -13.7% |
| Amounts payable after more than one year | 17 | €746,257 | €489,769 | -€256,487 | -34.4% |
| Financial debts | 170/4 | €746,257 | €489,769 | -€256,487 | -34.4% |
| Amounts payable within one year | 42/48 | €172,863 | €304,879 | +€132,016 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €146,487 | €121,487 | -€25,000 | -17.1% |
| Trade debts | 44 | €1,246 | €3,858 | +€2,612 | +210% |
| Suppliers | 440/4 | €1,246 | €3,858 | +€2,612 | +210% |
| Taxes, remuneration and social security | 45 | €1,760 | €1,331 | -€429 | -24.4% |
| Taxes | 450/3 | €1,760 | €1,331 | -€429 | -24.4% |
| Other amounts payable | 47/48 | €23,369 | €178,202 | +€154,833 | +663% |
| Accrued charges and deferred income | 492/3 | €3,170 | €1,410 | -€1,760 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,415 | €74,415 | -€38,000 | -33.8% |
| Other operating charges | 640/8 | €18,587 | €19,308 | +€721 | +3.9% |
| Gross operating margin | 9900 | €229,588 | €186,292 | -€43,296 | -18.9% |
| Operating profit (loss) | 9901 | €98,586 | €92,570 | -€6,017 | -6.1% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €41,664 | €35,245 | -€6,419 | -15.4% |
| Recurring financial charges | 65 | €41,664 | €35,245 | -€6,419 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €56,947 | €57,324 | +€377 | +0.7% |
| Income taxes | 67/77 | €14,260 | €14,331 | +€71 | +0.5% |
| Profit (loss) for the period | 9904 | €42,687 | €42,993 | +€306 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,687 | €42,993 | +€306 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.