Treecatch: 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.
Treecatch
Largest movements
- Receivables within one year +€161,434
up €161,434 (+328%), from €49,204 to €210,638
of which Trade receivables: +€150,088
- Intangible fixed assets +€48,499
up €48,499 (+200%), from €24,193 to €72,691
- Cash +€43,888
up €43,888 (+42.0%), from €104,380 to €148,268
mainly Net result for the year (+€164,896) and Trade debts (+€56,661)
- Deferred charges and accrued income -€4,698
down €4,698 (-35.5%), from €13,217 to €8,519
- Reserves +€124,896
up €124,896 (+71.4%), from €174,977 to €299,873
- Trade debts +€56,661
up €56,661 (+3,431%), from €1,651 to €58,312
- Other debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€17,365
up €17,365 (+166%), from €10,443 to €27,808
- Accrued charges and deferred income +€14,056
up €14,056 (+966%), from €1,455 to €15,511
- Taxes -€18,207
down €18,207 (-35.7%), from €51,013 to €32,806
- Gross operating margin -€16,725
down €16,725 (-7.3%), from €227,766 to €211,041
- Depreciation +€11,682
up €11,682 (+1,377%), from €849 to €12,531
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 | €191,527 | €444,505 | +€252,978 | +132% |
| Fixed assets | 21/28 | €24,726 | €77,080 | +€52,354 | +212% |
| Intangible fixed assets | 21 | €24,193 | €72,691 | +€48,499 | +200% |
| Tangible fixed assets | 22/27 | €534 | €4,389 | +€3,855 | +722% |
| Furniture and vehicles | 24 | €534 | €4,389 | +€3,855 | +722% |
| Current assets | 29/58 | €166,800 | €367,424 | +€200,624 | +120% |
| Amounts receivable within one year | 40/41 | €49,204 | €210,638 | +€161,434 | +328% |
| Trade receivables | 40 | €49,204 | €199,292 | +€150,088 | +305% |
| Other amounts receivable | 41 | - | €11,346 | +€11,346 | |
| Cash at bank and in hand | 54/58 | €104,380 | €148,268 | +€43,888 | +42.0% |
| Deferred charges and accrued income | 490/1 | €13,217 | €8,519 | -€4,698 | -35.5% |
| Total equity and liabilities | 10/49 | €191,527 | €444,505 | +€252,978 | +132% |
| Equity | 10/15 | €177,977 | €302,873 | +€124,896 | +70.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €174,977 | €299,873 | +€124,896 | +71.4% |
| Distributable reserves | 133 | €174,977 | €299,873 | +€124,896 | +71.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,550 | €141,631 | +€128,081 | +945% |
| Amounts payable within one year | 42/48 | €12,095 | €126,120 | +€114,026 | +943% |
| Trade debts | 44 | €1,651 | €58,312 | +€56,661 | +3,431% |
| Suppliers | 440/4 | €1,651 | €58,312 | +€56,661 | +3,431% |
| Taxes, remuneration and social security | 45 | €10,443 | €27,808 | +€17,365 | +166% |
| Taxes | 450/3 | €10,443 | €27,808 | +€17,365 | +166% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €1,455 | €15,511 | +€14,056 | +966% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €12,531 | +€11,682 | +1,377% |
| Other operating charges | 640/8 | €868 | €603 | -€264 | -30.5% |
| Gross operating margin | 9900 | €227,766 | €211,041 | -€16,725 | -7.3% |
| Operating profit (loss) | 9901 | €226,050 | €197,908 | -€28,142 | -12.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €60 | €205 | +€145 | +243% |
| Recurring financial charges | 65 | €60 | €205 | +€145 | +243% |
| Profit (loss) for the period before taxes | 9903 | €225,990 | €197,702 | -€28,288 | -12.5% |
| Income taxes | 67/77 | €51,013 | €32,806 | -€18,207 | -35.7% |
| Profit (loss) for the period | 9904 | €174,977 | €164,896 | -€10,080 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,977 | €164,896 | -€10,080 | -5.8% |
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 18 October 2026 via checked.be.