TREEE CAPITAL: 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.
TREEE CAPITAL
Largest movements
- Tangible fixed assets -€25,830
down €25,830 (-44.5%), from €58,103 to €32,273
of which Furniture and vehicles: -€25,487
- Financial fixed assets -€800
down €800 (-100.0%), from €800 to €0
- Profit (loss) carried forward -€37,284
down €37,284, from €11,728 to -€25,556
- Other debts +€16,533
up €16,533 (+46.1%), from €35,835 to €52,368
- Trade debts -€3,831
down €3,831 (-95.9%), from €3,996 to €165
- Tax, wage and social debts -€2,527
down €2,527 (-87.8%), from €2,877 to €351
- Accrued charges and deferred income +€948
new in 2025: €948
- Gross operating margin -€12,456
down €12,456, from €6,567 to -€5,889
- Other operating charges -€6,041
down €6,041 (-53.9%), from €11,202 to €5,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,436 | €33,275 | -€26,161 | -44.0% |
| Fixed assets | 21/28 | €58,903 | €32,273 | -€26,630 | -45.2% |
| Tangible fixed assets | 22/27 | €58,103 | €32,273 | -€25,830 | -44.5% |
| Plant, machinery and equipment | 23 | €803 | €460 | -€343 | -42.7% |
| Furniture and vehicles | 24 | €57,299 | €31,813 | -€25,487 | -44.5% |
| Financial fixed assets | 28 | €800 | €0 | -€800 | -100.0% |
| Current assets | 29/58 | €533 | €1,002 | +€469 | +87.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €340 | +€340 | |
| Trade receivables | 40 | €0 | €190 | +€190 | |
| Other amounts receivable | 41 | €0 | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €533 | €174 | -€359 | -67.3% |
| Deferred charges and accrued income | 490/1 | - | €487 | +€487 | |
| Total equity and liabilities | 10/49 | €59,436 | €33,275 | -€26,161 | -44.0% |
| Equity | 10/15 | €16,728 | -€20,556 | -€37,284 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,728 | -€25,556 | -€37,284 | |
| Amounts payable | 17/49 | €42,708 | €53,831 | +€11,123 | +26.0% |
| Amounts payable within one year | 42/48 | €42,708 | €52,883 | +€10,175 | +23.8% |
| Trade debts | 44 | €3,996 | €165 | -€3,831 | -95.9% |
| Suppliers | 440/4 | €3,996 | €165 | -€3,831 | -95.9% |
| Taxes, remuneration and social security | 45 | €2,877 | €351 | -€2,527 | -87.8% |
| Taxes | 450/3 | €2,877 | €351 | -€2,527 | -87.8% |
| Other amounts payable | 47/48 | €35,835 | €52,368 | +€16,533 | +46.1% |
| Accrued charges and deferred income | 492/3 | - | €948 | +€948 | |
| Non-recurring operating income | 76A | €389 | €0 | -€389 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,830 | €25,830 | = | 0.0% |
| Other operating charges | 640/8 | €11,202 | €5,161 | -€6,041 | -53.9% |
| Gross operating margin | 9900 | €6,567 | -€5,889 | -€12,456 | |
| Operating profit (loss) | 9901 | -€30,464 | -€36,879 | -€6,415 | -21.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €122 | €105 | -€17 | -14.1% |
| Recurring financial charges | 65 | €122 | €105 | -€17 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,587 | -€36,984 | -€6,398 | -20.9% |
| Income taxes | 67/77 | €320 | €300 | -€20 | -6.4% |
| Profit (loss) for the period | 9904 | -€30,907 | -€37,284 | -€6,377 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,907 | -€37,284 | -€6,377 | -20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.