TREECRAFT: what changed
Two fiscal 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.
What changed
TREECRAFT
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€279,923
2024 · €315,527-€35,603
Equity
€1.2m
2024 · €930,091+€279,923
Cash
€20,952
2024 · €21,625-€673
Balance sheet total
€3.5m
2024 · €3.1m+€387,707
Largest movements
Assets
- Stocks and contracts +€896,236
up €896,236 (+468.2%), from €191,412 to €1.1m
- Receivables within one year -€505,072
down €505,072 (-17.3%), from €2.9m to €2.4m
of which Trade receivables: -€530,828
Equity and liabilities
- Debts after one year +€613,876
up €613,876 (+712.8%), from €86,124 to €700,000
- Tax, wage and social debts -€476,053
down €476,053 (-93.1%), from €511,401 to €35,349
- Profit (loss) carried forward +€279,923
up €279,923 (+39.4%), from €710,091 to €990,015
- Advances received +€151,447
new in 2025: €151,447
- Trade debts -€137,655
down €137,655 (-8.9%), from €1.5m to €1.4m
Income statement
- Turnover +€5.7m
up €5.7m (+62.3%), from €9.1m to €14.8m
- Goods and materials +€5.0m
up €5.0m (+61.7%), from €8.2m to €13.2m
of which Purchases: +€7.7m
- Services and other goods +€652,974
up €652,974 (+128.9%), from €506,658 to €1.2m
- Financial charges +€209,294
up €209,294 (+157.8%), from €132,619 to €341,913
- Financial income +€175,976
up €175,976 (+345.8%), from €50,885 to €226,862
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.
Result 2024
€315,527
Turnover
+€5.7m
Goods and materials
-€5.0m
Services and other goods
-€652,974
Write-downs
-€39,097
Other operating charges
+€3,038
Financial income
+€175,976
Financial charges
-€209,294
Taxes
+€20,556
Result 2025
€279,923
Cash bridge derived
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.
From operations
-€614,549
Investment
€0
Financing
+€613,876
Cash 2024
€21,625
From operations (derived)
-€614,549
Net result for the year
+€279,923
Stocks and contracts
-€896,236
Receivables within one year
+€505,072
Deferred charges and accrued income
+€2,783
Trade debts
-€137,655
Tax, wage and social debts
-€476,053
Advances received
+€151,447
Accrued charges and deferred income
-€43,832
Financing
+€613,876
Debts after one year
+€613,876
Cash 2025
€20,952
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,128,005 | €3,515,712 | +€387,707 | +12.4% |
| Current assets | 29/58 | €3,128,005 | €3,515,712 | +€387,707 | +12.4% |
| Stocks and contracts in progress | 3 | €191,412 | €1,087,648 | +€896,236 | +468.2% |
| Stocks | 30/36 | €191,412 | €1,087,648 | +€896,236 | +468.2% |
| Goods purchased for resale | 34 | €191,412 | €1,087,648 | +€896,236 | +468.2% |
| Amounts receivable within one year | 40/41 | €2,912,184 | €2,407,112 | -€505,072 | -17.3% |
| Trade receivables | 40 | €2,912,184 | €2,381,356 | -€530,828 | -18.2% |
| Other amounts receivable | 41 | - | €25,756 | +€25,756 | |
| Cash at bank and in hand | 54/58 | €21,625 | €20,952 | -€673 | -3.1% |
| Deferred charges and accrued income | 490/1 | €2,783 | €0 | -€2,783 | -100.0% |
| Total equity and liabilities | 10/49 | €3,128,005 | €3,515,712 | +€387,707 | +12.4% |
| Equity | 10/15 | €930,091 | €1,210,015 | +€279,923 | +30.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €710,091 | €990,015 | +€279,923 | +39.4% |
| Amounts payable | 17/49 | €2,197,914 | €2,305,698 | +€107,784 | +4.9% |
| Amounts payable after more than one year | 17 | €86,124 | €700,000 | +€613,876 | +712.8% |
| Financial debts | 170/4 | €86,124 | €700,000 | +€613,876 | +712.8% |
| Unsubordinated bonds | 171 | €86,124 | €700,000 | +€613,876 | +712.8% |
| Amounts payable within one year | 42/48 | €2,052,112 | €1,589,852 | -€462,261 | -22.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,540,711 | €1,403,055 | -€137,655 | -8.9% |
| Suppliers | 440/4 | €1,540,711 | €1,403,055 | -€137,655 | -8.9% |
| Advances received on contracts in progress | 46 | - | €151,447 | +€151,447 | |
| Taxes, remuneration and social security | 45 | €511,401 | €35,349 | -€476,053 | -93.1% |
| Taxes | 450/3 | €511,401 | €35,349 | -€476,053 | -93.1% |
| Accrued charges and deferred income | 492/3 | €59,678 | €15,846 | -€43,832 | -73.4% |
| Operating income | 70/76A | €9,148,120 | €14,849,784 | +€5.7m | +62.3% |
| Turnover | 70 | €9,148,120 | €14,849,784 | +€5.7m | +62.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €8,633,716 | €14,358,221 | +€5.7m | +66.3% |
| Goods for resale, raw materials and consumables | 60 | €8,162,104 | €13,197,576 | +€5.0m | +61.7% |
| Purchases | 600/8 | €7,457,199 | €15,154,865 | +€7.7m | +103.2% |
| Change in stocks: decrease (increase) | 609 | €704,905 | -€1,957,289 | -€2.7m | |
| Services and other goods | 61 | €506,658 | €1,159,632 | +€652,974 | +128.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€39,097 | €0 | +€39,097 | |
| Other operating charges | 640/8 | €4,051 | €1,013 | -€3,038 | -75.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €514,404 | €491,563 | -€22,841 | -4.4% |
| Financial income | 75/76B | €50,885 | €226,862 | +€175,976 | +345.8% |
| Recurring financial income | 75 | €50,885 | €226,862 | +€175,976 | +345.8% |
| Income from current assets | 751 | - | €19,771 | +€19,771 | |
| Other financial income | 752/9 | €50,885 | €207,091 | +€156,205 | +307.0% |
| Financial charges | 65/66B | €132,619 | €341,913 | +€209,294 | +157.8% |
| Recurring financial charges | 65 | €132,619 | €341,913 | +€209,294 | +157.8% |
| Debt charges | 650 | €74,446 | €116,760 | +€42,313 | +56.8% |
| Other financial charges | 652/9 | €58,173 | €225,154 | +€166,981 | +287.0% |
| Profit (loss) for the period before taxes | 9903 | €432,671 | €376,511 | -€56,159 | -13.0% |
| Income taxes | 67/77 | €117,144 | €96,588 | -€20,556 | -17.5% |
| Taxes | 670/3 | €117,144 | €96,588 | -€20,556 | -17.5% |
| Profit (loss) for the period | 9904 | €315,527 | €279,923 | -€35,603 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €315,527 | €279,923 | -€35,603 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.