TREECOLORE: 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.
TREECOLORE
Largest movements
- Tangible fixed assets -€1,592
down €1,592 (-59.7%), from €2,665 to €1,073
- Deferred charges and accrued income -€625
no longer reported in 2024 (was €625)
- Cash +€436
up €436 (+4.5%), from €9,717 to €10,153
mainly Depreciation (+€1,592) and Net result for the year (+€775)
- Tax, wage and social debts -€3,012
down €3,012 (-35.5%), from €8,480 to €5,468
- Profit (loss) carried forward +€775
up €775 (+9.7%), from -€7,950 to -€7,176
- Other debts +€275
up €275 (+346%), from €79 to €354
- Trade debts +€182
up €182 (+72.1%), from €252 to €434
- Gross operating margin -€6,119
down €6,119 (-53.5%), from €11,439 to €5,319
- Taxes +€554
up €554 (+90.9%), from €609 to €1,163
- Financial charges -€176
down €176 (-26.6%), from €659 to €483
- Depreciation -€159
down €159 (-9.1%), from €1,750 to €1,592
- Other operating charges -€159
down €159 (-10.8%), from €1,466 to €1,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,007 | €11,226 | -€1,781 | -13.7% |
| Fixed assets | 21/28 | €2,665 | €1,073 | -€1,592 | -59.7% |
| Tangible fixed assets | 22/27 | €2,665 | €1,073 | -€1,592 | -59.7% |
| Furniture and vehicles | 24 | €2,665 | €1,073 | -€1,592 | -59.7% |
| Current assets | 29/58 | €10,342 | €10,153 | -€189 | -1.8% |
| Cash at bank and in hand | 54/58 | €9,717 | €10,153 | +€436 | +4.5% |
| Deferred charges and accrued income | 490/1 | €625 | - | -€625 | |
| Total equity and liabilities | 10/49 | €13,007 | €11,226 | -€1,781 | -13.7% |
| Equity | 10/15 | €4,195 | €4,970 | +€775 | +18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,145 | €9,145 | = | 0.0% |
| Distributable reserves | 133 | €9,145 | €9,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,950 | -€7,176 | +€775 | +9.7% |
| Amounts payable | 17/49 | €8,812 | €6,256 | -€2,555 | -29.0% |
| Amounts payable within one year | 42/48 | €8,812 | €6,256 | -€2,555 | -29.0% |
| Trade debts | 44 | €252 | €434 | +€182 | +72.1% |
| Suppliers | 440/4 | €252 | €434 | +€182 | +72.1% |
| Taxes, remuneration and social security | 45 | €8,480 | €5,468 | -€3,012 | -35.5% |
| Taxes | 450/3 | €8,480 | €5,468 | -€3,012 | -35.5% |
| Other amounts payable | 47/48 | €79 | €354 | +€275 | +346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,750 | €1,592 | -€159 | -9.1% |
| Other operating charges | 640/8 | €1,466 | €1,307 | -€159 | -10.8% |
| Gross operating margin | 9900 | €11,439 | €5,319 | -€6,119 | -53.5% |
| Operating profit (loss) | 9901 | €8,222 | €2,420 | -€5,802 | -70.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €659 | €483 | -€176 | -26.6% |
| Recurring financial charges | 65 | €659 | €483 | -€176 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €7,563 | €1,938 | -€5,626 | -74.4% |
| Income taxes | 67/77 | €609 | €1,163 | +€554 | +90.9% |
| Profit (loss) for the period | 9904 | €6,954 | €775 | -€6,179 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,954 | €775 | -€6,179 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.