Tree IT: 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 IT
Largest movements
- Receivables within one year -€4,611
down €4,611 (-29.5%), from €15,651 to €11,040
of which Other amounts receivable: -€3,941
- Cash +€3,238
up €3,238 (+9.0%), from €35,937 to €39,175
mainly Net result for the year (+€6,289) and Tax, wage and social debts (+€5,676)
- Tangible fixed assets -€1,925
down €1,925 (-50.7%), from €3,798 to €1,872
- Deferred charges and accrued income +€1,815
new in 2025: €1,815
- Trade debts -€11,332
down €11,332 (-71.6%), from €15,817 to €4,485
- Reserves +€6,289
up €6,289 (+25.0%), from €25,192 to €31,481
- Tax, wage and social debts +€5,676
up €5,676 (+78.2%), from €7,260 to €12,936
of which Taxes: +€5,659
- Accrued charges and deferred income -€2,117
no longer reported in 2025 (was €2,117)
- Gross operating margin -€1,221
down €1,221 (-8.7%), from €14,056 to €12,835
- Financial charges -€573
down €573 (-25.8%), from €2,217 to €1,644
- Other operating charges +€402
up €402 (+340%), from €118 to €520
- Depreciation +€304
up €304 (+18.8%), from €1,621 to €1,925
- Taxes -€189
down €189 (-7.1%), from €2,645 to €2,457
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 | €55,386 | €53,902 | -€1,484 | -2.7% |
| Fixed assets | 21/28 | €3,798 | €1,872 | -€1,925 | -50.7% |
| Tangible fixed assets | 22/27 | €3,798 | €1,872 | -€1,925 | -50.7% |
| Plant, machinery and equipment | 23 | €3,798 | €1,872 | -€1,925 | -50.7% |
| Current assets | 29/58 | €51,588 | €52,030 | +€442 | +0.9% |
| Amounts receivable within one year | 40/41 | €15,651 | €11,040 | -€4,611 | -29.5% |
| Trade receivables | 40 | €10,320 | €9,650 | -€670 | -6.5% |
| Other amounts receivable | 41 | €5,331 | €1,391 | -€3,941 | -73.9% |
| Cash at bank and in hand | 54/58 | €35,937 | €39,175 | +€3,238 | +9.0% |
| Deferred charges and accrued income | 490/1 | - | €1,815 | +€1,815 | |
| Total equity and liabilities | 10/49 | €55,386 | €53,902 | -€1,484 | -2.7% |
| Equity | 10/15 | €30,192 | €36,481 | +€6,289 | +20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,192 | €31,481 | +€6,289 | +25.0% |
| Distributable reserves | 133 | €25,192 | €31,481 | +€6,289 | +25.0% |
| Amounts payable | 17/49 | €25,194 | €17,421 | -€7,773 | -30.9% |
| Amounts payable within one year | 42/48 | €23,077 | €17,421 | -€5,656 | -24.5% |
| Trade debts | 44 | €15,817 | €4,485 | -€11,332 | -71.6% |
| Suppliers | 440/4 | €15,817 | €4,485 | -€11,332 | -71.6% |
| Taxes, remuneration and social security | 45 | €7,260 | €12,936 | +€5,676 | +78.2% |
| Taxes | 450/3 | €4,876 | €10,536 | +€5,659 | +116% |
| Remuneration and social security | 454/9 | €2,383 | €2,400 | +€17 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,117 | - | -€2,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,621 | €1,925 | +€304 | +18.8% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Non-recurring operating charges | 66A | €742 | - | -€742 | |
| Gross operating margin | 9900 | €14,056 | €12,835 | -€1,221 | -8.7% |
| Operating profit (loss) | 9901 | €11,575 | €10,390 | -€1,185 | -10.2% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €2,217 | €1,644 | -€573 | -25.8% |
| Recurring financial charges | 65 | €2,217 | €1,644 | -€573 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €9,387 | €8,746 | -€641 | -6.8% |
| Income taxes | 67/77 | €2,645 | €2,457 | -€189 | -7.1% |
| Profit (loss) for the period | 9904 | €6,742 | €6,289 | -€452 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,742 | €6,289 | -€452 | -6.7% |
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.