Treehatch: 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.
Treehatch
Largest movements
- Intangible fixed assets +€12,641
up €12,641 (+23.8%), from €53,220 to €65,860
- Cash +€9,612
up €9,612 (+13.9%), from €69,248 to €78,860
mainly Debts after one year (+€50,000) and Depreciation (+€28,473)
- Deferred charges and accrued income +€3,917
new in 2025: €3,917
- Receivables within one year -€1,890
down €1,890 (-20.1%), from €9,422 to €7,532
of which Other amounts receivable: -€3,478
- Debts after one year +€50,000
new in 2025: €50,000
- Accrued charges and deferred income -€17,338
down €17,338 (-46.5%), from €37,321 to €19,983
- Trade debts -€6,553
down €6,553 (-32.2%), from €20,324 to €13,771
- Profit (loss) carried forward -€2,229
down €2,229 (-7.9%), from -€28,209 to -€30,438
- Gross operating margin +€29,157
up €29,157 (+1246.3%), from €2,340 to €31,497
- Depreciation +€17,430
up €17,430 (+157.8%), from €11,043 to €28,473
- Financial charges +€2,771
up €2,771 (+124.9%), from €2,219 to €4,991
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 | €132,948 | €156,827 | +€23,880 | +18.0% |
| Fixed assets | 21/28 | €54,277 | €66,519 | +€12,242 | +22.6% |
| Intangible fixed assets | 21 | €53,220 | €65,860 | +€12,641 | +23.8% |
| Tangible fixed assets | 22/27 | €1,057 | €658 | -€399 | -37.7% |
| Plant, machinery and equipment | 23 | €1,057 | €658 | -€399 | -37.7% |
| Current assets | 29/58 | €78,670 | €90,308 | +€11,638 | +14.8% |
| Amounts receivable within one year | 40/41 | €9,422 | €7,532 | -€1,890 | -20.1% |
| Trade receivables | 40 | €3,014 | €4,601 | +€1,588 | +52.7% |
| Other amounts receivable | 41 | €6,409 | €2,930 | -€3,478 | -54.3% |
| Cash at bank and in hand | 54/58 | €69,248 | €78,860 | +€9,612 | +13.9% |
| Deferred charges and accrued income | 490/1 | - | €3,917 | +€3,917 | |
| Total equity and liabilities | 10/49 | €132,948 | €156,827 | +€23,880 | +18.0% |
| Equity | 10/15 | €60,291 | €58,062 | -€2,229 | -3.7% |
| Contributions | 10/11 | €88,500 | €88,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,209 | -€30,438 | -€2,229 | -7.9% |
| Amounts payable | 17/49 | €72,656 | €98,765 | +€26,109 | +35.9% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €35,335 | €28,782 | -€6,553 | -18.5% |
| Trade debts | 44 | €20,324 | €13,771 | -€6,553 | -32.2% |
| Suppliers | 440/4 | €20,324 | €13,771 | -€6,553 | -32.2% |
| Other amounts payable | 47/48 | €15,011 | €15,011 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37,321 | €19,983 | -€17,338 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,043 | €28,473 | +€17,430 | +157.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,340 | €31,497 | +€29,157 | +1246.3% |
| Operating profit (loss) | 9901 | -€9,091 | €2,625 | +€11,715 | |
| Financial income | 75/76B | €231 | €137 | -€94 | -40.7% |
| Recurring financial income | 75 | €231 | €137 | -€94 | -40.7% |
| Financial charges | 65/66B | €2,219 | €4,991 | +€2,771 | +124.9% |
| Recurring financial charges | 65 | €2,219 | €4,991 | +€2,771 | +124.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,079 | -€2,229 | +€8,850 | +79.9% |
| Profit (loss) for the period | 9904 | -€11,079 | -€2,229 | +€8,850 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,079 | -€2,229 | +€8,850 | +79.9% |
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 7 October 2026 via checked.be.