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TREEHOUSE: 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

TREEHOUSE

BE 0443.013.450
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€955
2024 · -€9,169+€10,123
Equity
-€991,015
2024 · -€991,970+€955
Cash
€2,372
2024 · €2,475-€104
Balance sheet total
€134,254
2024 · €137,047-€2,792

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€2,689

    down €2,689 (-2.0%), from €133,369 to €130,680

    of which Other amounts receivable: -€2,689

Equity and liabilities
  • Other debts -€3,039

    down €3,039 (-0.5%), from €574,808 to €571,769

  • Tax, wage and social debts -€2,548

    down €2,548 (-90.9%), from €2,803 to €255

  • Trade debts +€1,840

    up €1,840 (+131.0%), from €1,405 to €3,245

Income statement
  • Gross operating margin +€6,107

    up €6,107, from -€4,908 to €1,199

  • Other operating charges -€3,647

    down €3,647 (-100.0%), from €3,647 to €0

  • Financial charges -€396

    down €396 (-79.3%), from €500 to €104

    of which Financial charges: -€396

From the 2024 result to the 2025 result

effect on the 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 -€9,169
Gross operating margin +€6,107
Other operating charges +€3,647
Financial charges +€396
Taxes -€27
Result 2025 €955

Cash bridge derived

cash 2024 to 2025

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 -€104
Investment €0
Financing €0
Cash 2024 €2,475
Net result for the year +€955
Receivables within one year +€2,689
Trade debts +€1,840
Tax, wage and social debts -€2,548
Other debts -€3,039
Cash 2025 €2,372
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €137,047 €134,254 -€2,792 -2.0%
Fixed assets 21/28 €1,202 €1,202 = 0.0%
Financial fixed assets 28 €1,202 €1,202 = 0.0%
Current assets 29/58 €135,844 €133,052 -€2,792 -2.1%
Amounts receivable within one year 40/41 €133,369 €130,680 -€2,689 -2.0%
Trade receivables 40 €130,680 €130,680 = 0.0%
Other amounts receivable 41 €2,689 €0 -€2,689 -100.0%
Cash at bank and in hand 54/58 €2,475 €2,372 -€104 -4.2%
Total equity and liabilities 10/49 €137,047 €134,254 -€2,792 -2.0%
Equity 10/15 -€991,970 -€991,015 +€955 +0.1%
Contributions 10/11 €18,592 €18,592 = 0.0%
Capital 10 €18,592 €18,592 = 0.0%
Issued capital 100 €18,592 €18,592 = 0.0%
Reserves 13 €21,128 €21,128 = 0.0%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Legal reserve 130 €1,859 €1,859 = 0.0%
Tax-exempt reserves 132 €19,269 €19,269 = 0.0%
Profit (loss) carried forward 14 -€1,031,689 -€1,030,735 +€955 +0.1%
Amounts payable 17/49 €1,129,016 €1,125,269 -€3,747 -0.3%
Amounts payable after more than one year 17 €550,000 €550,000 = 0.0%
Financial debts 170/4 €550,000 €550,000 = 0.0%
Amounts payable within one year 42/48 €579,016 €575,269 -€3,747 -0.6%
Trade debts 44 €1,405 €3,245 +€1,840 +131.0%
Suppliers 440/4 €1,405 €3,245 +€1,840 +131.0%
Taxes, remuneration and social security 45 €2,803 €255 -€2,548 -90.9%
Taxes 450/3 €2,803 €255 -€2,548 -90.9%
Other amounts payable 47/48 €574,808 €571,769 -€3,039 -0.5%
Accrued charges and deferred income 492/3 €0 - =
Other operating charges 640/8 €3,647 €0 -€3,647 -100.0%
Gross operating margin 9900 -€4,908 €1,199 +€6,107
Operating profit (loss) 9901 -€8,555 €1,199 +€9,754
Financial income 75/76B €0 - =
Recurring financial income 75 €0 - =
Non-recurring financial income 76B €0 - =
Financial charges 65/66B €500 €104 -€396 -79.3%
Recurring financial charges 65 €500 €104 -€396 -79.3%
Non-recurring financial charges 66B €0 - =
Profit (loss) for the period before taxes 9903 -€9,054 €1,095 +€10,150
Income taxes 67/77 €114 €141 +€27 +23.2%
Profit (loss) for the period 9904 -€9,169 €955 +€10,123
Profit (loss) for the period to be appropriated 9905 -€9,169 €955 +€10,123

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.