TREECON: 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.
TREECON
Largest movements
- Cash +€8,796
new in 2025: €8,796
mainly Net result for the year (+€13,141) and Tax, wage and social debts (+€5,658)
- Receivables within one year -€4,400
down €4,400 (-56.6%), from €7,777 to €3,378
of which Trade receivables: -€4,400
- Profit (loss) carried forward +€14,996
up €14,996 (+89.9%), from -€16,679 to -€1,683
- Trade debts -€7,104
down €7,104 (-82.2%), from €8,640 to €1,536
- Other debts -€6,258
down €6,258 (-53.4%), from €11,712 to €5,455
- Tax, wage and social debts +€5,658
up €5,658 (+175%), from €3,242 to €8,899
- Reserves -€1,855
down €1,855 (-2.5%), from €73,763 to €71,908
of which Non-distributable reserves: -€1,855
- Gross operating margin +€33,447
up €33,447, from -€11,980 to €21,467
- Taxes +€5,987
up €5,987 (+3,048%), from €196 to €6,184
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 | €88,631 | €92,315 | +€3,684 | +4.2% |
| Fixed assets | 21/28 | €78,358 | €78,358 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,364 | €8,364 | = | 0.0% |
| Furniture and vehicles | 24 | €8,364 | €8,364 | = | 0.0% |
| Financial fixed assets | 28 | €69,993 | €69,993 | = | 0.0% |
| Current assets | 29/58 | €10,273 | €13,957 | +€3,684 | +35.9% |
| Amounts receivable within one year | 40/41 | €7,777 | €3,378 | -€4,400 | -56.6% |
| Trade receivables | 40 | €7,777 | €3,378 | -€4,400 | -56.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €8,796 | +€8,796 | |
| Deferred charges and accrued income | 490/1 | €2,496 | €1,783 | -€712 | -28.5% |
| Total equity and liabilities | 10/49 | €88,631 | €92,315 | +€3,684 | +4.2% |
| Equity | 10/15 | €63,284 | €76,425 | +€13,141 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,763 | €71,908 | -€1,855 | -2.5% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Distributable reserves | 133 | €71,908 | €71,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,679 | -€1,683 | +€14,996 | +89.9% |
| Amounts payable | 17/49 | €25,347 | €15,890 | -€9,457 | -37.3% |
| Amounts payable within one year | 42/48 | €25,347 | €15,890 | -€9,457 | -37.3% |
| Financial debts | 43 | €1,753 | €0 | -€1,753 | -100% |
| Credit institutions | 430/8 | €1,753 | €0 | -€1,753 | -100% |
| Trade debts | 44 | €8,640 | €1,536 | -€7,104 | -82.2% |
| Suppliers | 440/4 | €8,640 | €1,536 | -€7,104 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,242 | €8,899 | +€5,658 | +175% |
| Taxes | 450/3 | €3,242 | €8,899 | +€5,658 | +175% |
| Other amounts payable | 47/48 | €11,712 | €5,455 | -€6,258 | -53.4% |
| Other operating charges | 640/8 | €1,611 | €1,644 | +€33 | +2.0% |
| Gross operating margin | 9900 | -€11,980 | €21,467 | +€33,447 | |
| Operating profit (loss) | 9901 | -€13,591 | €19,823 | +€33,414 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €704 | €498 | -€206 | -29.3% |
| Recurring financial charges | 65 | €704 | €498 | -€206 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,296 | €19,325 | +€33,620 | |
| Income taxes | 67/77 | €196 | €6,184 | +€5,987 | +3,048% |
| Profit (loss) for the period | 9904 | -€14,492 | €13,141 | +€27,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,492 | €13,141 | +€27,633 |
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 26 October 2026 via checked.be.