TreeHouse Graphic Design: what changed
TreeHouse Graphic Design
Largest movements
- Receivables within one year -€4,126
down €4,126 (-18.1%), from €22,733 to €18,608
of which Trade receivables: -€4,740
- Cash +€3,713
up €3,713 (+20.4%), from €18,241 to €21,954
mainly Net result for the year (+€19,430) and Depreciation (+€5,551)
- Tangible fixed assets -€3,204
down €3,204 (-5.9%), from €54,297 to €51,093
of which Land and buildings: -€1,621
- Other debts +€5,493
up €5,493 (+14.8%), from €37,058 to €42,551
- Debts after one year -€4,420
down €4,420 (-29.1%), from €15,168 to €10,748
- Reserves -€3,600
down €3,600 (-58.1%), from €6,200 to €2,600
- Tax, wage and social debts -€1,811
down €1,811 (-12.9%), from €13,993 to €12,182
of which Taxes: -€1,680
- Gross operating margin -€3,464
down €3,464 (-9.4%), from €36,873 to €33,409
- Taxes -€569
down €569 (-7.6%), from €7,454 to €6,885
- Depreciation -€385
down €385 (-6.5%), from €5,936 to €5,551
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,213 | €92,827 | -€4,386 | -4.5% |
| Fixed assets | 21/28 | €54,527 | €51,323 | -€3,204 | -5.9% |
| Tangible fixed assets | 22/27 | €54,297 | €51,093 | -€3,204 | -5.9% |
| Land and buildings | 22 | €47,306 | €45,685 | -€1,621 | -3.4% |
| Furniture and vehicles | 24 | €6,991 | €5,408 | -€1,583 | -22.6% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €42,686 | €41,504 | -€1,182 | -2.8% |
| Amounts receivable within one year | 40/41 | €22,733 | €18,608 | -€4,126 | -18.1% |
| Trade receivables | 40 | €22,733 | €17,993 | -€4,740 | -20.9% |
| Other amounts receivable | 41 | - | €615 | +€615 | |
| Cash at bank and in hand | 54/58 | €18,241 | €21,954 | +€3,713 | +20.4% |
| Deferred charges and accrued income | 490/1 | €1,712 | €943 | -€769 | -44.9% |
| Total equity and liabilities | 10/49 | €97,213 | €92,827 | -€4,386 | -4.5% |
| Equity | 10/15 | €24,800 | €21,200 | -€3,600 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,200 | €2,600 | -€3,600 | -58.1% |
| Distributable reserves | 133 | €6,200 | €2,600 | -€3,600 | -58.1% |
| Amounts payable | 17/49 | €72,413 | €71,627 | -€786 | -1.1% |
| Amounts payable after more than one year | 17 | €15,168 | €10,748 | -€4,420 | -29.1% |
| Financial debts | 170/4 | €15,168 | €10,748 | -€4,420 | -29.1% |
| Amounts payable within one year | 42/48 | €57,172 | €60,879 | +€3,707 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,312 | €4,420 | +€108 | +2.5% |
| Trade debts | 44 | €1,809 | €1,726 | -€83 | -4.6% |
| Suppliers | 440/4 | €1,809 | €1,726 | -€83 | -4.6% |
| Taxes, remuneration and social security | 45 | €13,993 | €12,182 | -€1,811 | -12.9% |
| Taxes | 450/3 | €11,852 | €10,172 | -€1,680 | -14.2% |
| Remuneration and social security | 454/9 | €2,141 | €2,010 | -€131 | -6.1% |
| Other amounts payable | 47/48 | €37,058 | €42,551 | +€5,493 | +14.8% |
| Accrued charges and deferred income | 492/3 | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,936 | €5,551 | -€385 | -6.5% |
| Other operating charges | 640/8 | €844 | €784 | -€60 | -7.1% |
| Gross operating margin | 9900 | €36,873 | €33,409 | -€3,464 | -9.4% |
| Operating profit (loss) | 9901 | €30,094 | €27,074 | -€3,020 | -10.0% |
| Financial income | 75/76B | €21 | €4 | -€17 | -82.5% |
| Recurring financial income | 75 | €21 | €4 | -€17 | -82.5% |
| Financial charges | 65/66B | €836 | €762 | -€73 | -8.8% |
| Recurring financial charges | 65 | €836 | €762 | -€73 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €29,279 | €26,315 | -€2,964 | -10.1% |
| Income taxes | 67/77 | €7,454 | €6,885 | -€569 | -7.6% |
| Profit (loss) for the period | 9904 | €21,825 | €19,430 | -€2,395 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,825 | €19,430 | -€2,395 | -11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.