TreeCamp: 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.
TreeCamp
Largest movements
- Cash -€28,613
down €28,613 (-67.8%), from €42,220 to €13,607
mainly Receivables within one year (-€12,125) and Investment in fixed assets (net) (-€9,978)
- Receivables within one year +€12,125
up €12,125 (+180%), from €6,731 to €18,856
of which Trade receivables: +€10,337
- Tangible fixed assets +€3,818
up €3,818 (+53.4%), from €7,144 to €10,962
of which Plant, machinery and equipment: +€2,631
- Accrued charges and deferred income -€5,858
no longer reported in 2025 (was €5,858)
- Profit (loss) carried forward -€2,592
down €2,592 (-50.2%), from €5,160 to €2,568
- Trade debts -€2,013
down €2,013 (-22.1%), from €9,112 to €7,099
- Other debts -€1,969
down €1,969 (-15.7%), from €12,560 to €10,592
- Gross operating margin -€7,081
down €7,081 (-54.3%), from €13,042 to €5,961
- Depreciation +€2,069
up €2,069 (+50.6%), from €4,090 to €6,160
- Taxes -€1,671
down €1,671 (-78.3%), from €2,133 to €462
- Financial charges -€705
down €705 (-88.5%), from €796 to €91
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 | €57,896 | €45,087 | -€12,809 | -22.1% |
| Fixed assets | 21/28 | €7,144 | €10,962 | +€3,818 | +53.4% |
| Tangible fixed assets | 22/27 | €7,144 | €10,962 | +€3,818 | +53.4% |
| Plant, machinery and equipment | 23 | €3,233 | €5,864 | +€2,631 | +81.4% |
| Furniture and vehicles | 24 | €3,911 | €5,098 | +€1,187 | +30.4% |
| Current assets | 29/58 | €50,752 | €34,124 | -€16,627 | -32.8% |
| Amounts receivable within one year | 40/41 | €6,731 | €18,856 | +€12,125 | +180% |
| Trade receivables | 40 | €6,614 | €16,951 | +€10,337 | +156% |
| Other amounts receivable | 41 | €117 | €1,905 | +€1,788 | +1,530% |
| Cash at bank and in hand | 54/58 | €42,220 | €13,607 | -€28,613 | -67.8% |
| Deferred charges and accrued income | 490/1 | €1,801 | €1,661 | -€140 | -7.8% |
| Total equity and liabilities | 10/49 | €57,896 | €45,087 | -€12,809 | -22.1% |
| Equity | 10/15 | €24,196 | €21,604 | -€2,592 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436 | €436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €436 | €436 | = | 0.0% |
| Reserves not available under the articles | 1311 | €436 | €436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,160 | €2,568 | -€2,592 | -50.2% |
| Amounts payable | 17/49 | €33,699 | €23,483 | -€10,216 | -30.3% |
| Amounts payable within one year | 42/48 | €27,841 | €23,483 | -€4,358 | -15.7% |
| Trade debts | 44 | €9,112 | €7,099 | -€2,013 | -22.1% |
| Suppliers | 440/4 | €9,112 | €7,099 | -€2,013 | -22.1% |
| Taxes, remuneration and social security | 45 | €6,169 | €5,792 | -€377 | -6.1% |
| Taxes | 450/3 | €6,169 | €5,792 | -€377 | -6.1% |
| Other amounts payable | 47/48 | €12,560 | €10,592 | -€1,969 | -15.7% |
| Accrued charges and deferred income | 492/3 | €5,858 | - | -€5,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,090 | €6,160 | +€2,069 | +50.6% |
| Other operating charges | 640/8 | €1,856 | €1,858 | +€2 | +0.1% |
| Gross operating margin | 9900 | €13,042 | €5,961 | -€7,081 | -54.3% |
| Operating profit (loss) | 9901 | €7,095 | -€2,056 | -€9,152 | |
| Financial income | 75/76B | €16 | €17 | +€1 | +3.8% |
| Recurring financial income | 75 | €16 | €17 | +€1 | +3.8% |
| Financial charges | 65/66B | €796 | €91 | -€705 | -88.5% |
| Recurring financial charges | 65 | €796 | €91 | -€705 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €6,315 | -€2,131 | -€8,446 | |
| Income taxes | 67/77 | €2,133 | €462 | -€1,671 | -78.3% |
| Profit (loss) for the period | 9904 | €4,182 | -€2,592 | -€6,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,182 | -€2,592 | -€6,775 |
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 15 October 2026 via checked.be.