TREEKIDS: what changed
Two financial 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.
TREEKIDS
Largest movements
- Receivables within one year -€37,981
down €37,981 (-40.8%), from €93,035 to €55,054
- Tangible fixed assets +€21,214
up €21,214 (+4.4%), from €478,324 to €499,538
of which Plant, machinery and equipment: +€29,866
- Cash -€6,066
down €6,066 (-72.0%), from €8,426 to €2,360
mainly Investment in fixed assets (net) (-€38,758) and Debts after one year (-€26,192)
- Debts after one year -€26,192
down €26,192 (-17.8%), from €146,924 to €120,732
- Profit (loss) carried forward +€8,052
up €8,052 (+2.1%), from €377,351 to €385,403
- Gross operating margin -€7,109
down €7,109 (-17.9%), from €39,818 to €32,709
- Taxes -€3,161
down €3,161 (-78.4%), from €4,031 to €870
- Depreciation +€2,952
up €2,952 (+20.2%), from €14,592 to €17,543
- Financial charges -€464
down €464 (-14.5%), from €3,188 to €2,724
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.
Derived cash bridge
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 | €580,036 | €557,204 | -€22,833 | -3.9% |
| Fixed assets | 21/28 | €478,324 | €499,538 | +€21,214 | +4.4% |
| Tangible fixed assets | 22/27 | €478,324 | €499,538 | +€21,214 | +4.4% |
| Land and buildings | 22 | €474,469 | €460,971 | -€13,498 | -2.8% |
| Plant, machinery and equipment | 23 | - | €29,866 | +€29,866 | |
| Furniture and vehicles | 24 | €3,855 | €8,701 | +€4,846 | +126% |
| Current assets | 29/58 | €101,712 | €57,666 | -€44,047 | -43.3% |
| Amounts receivable within one year | 40/41 | €93,035 | €55,054 | -€37,981 | -40.8% |
| Other amounts receivable | 41 | €93,035 | €55,054 | -€37,981 | -40.8% |
| Cash at bank and in hand | 54/58 | €8,426 | €2,360 | -€6,066 | -72.0% |
| Deferred charges and accrued income | 490/1 | €251 | €251 | = | 0.0% |
| Total equity and liabilities | 10/49 | €580,036 | €557,204 | -€22,833 | -3.9% |
| Equity | 10/15 | €397,976 | €406,028 | +€8,052 | +2.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,351 | €385,403 | +€8,052 | +2.1% |
| Amounts payable | 17/49 | €182,060 | €151,175 | -€30,885 | -17.0% |
| Amounts payable after more than one year | 17 | €146,924 | €120,732 | -€26,192 | -17.8% |
| Financial debts | 170/4 | €146,924 | €120,732 | -€26,192 | -17.8% |
| Amounts payable within one year | 42/48 | €35,136 | €30,443 | -€4,693 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €25,783 | €26,192 | +€409 | +1.6% |
| Trade debts | 44 | €1,653 | €492 | -€1,161 | -70.2% |
| Suppliers | 440/4 | €1,653 | €492 | -€1,161 | -70.2% |
| Taxes, remuneration and social security | 45 | €7,701 | €3,760 | -€3,941 | -51.2% |
| Taxes | 450/3 | €7,701 | €3,760 | -€3,941 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,592 | €17,543 | +€2,952 | +20.2% |
| Other operating charges | 640/8 | €3,412 | €3,519 | +€107 | +3.1% |
| Gross operating margin | 9900 | €39,818 | €32,709 | -€7,109 | -17.9% |
| Operating profit (loss) | 9901 | €21,815 | €11,647 | -€10,168 | -46.6% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €3,188 | €2,724 | -€464 | -14.5% |
| Recurring financial charges | 65 | €3,188 | €2,724 | -€464 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €18,642 | €8,922 | -€9,719 | -52.1% |
| Income taxes | 67/77 | €4,031 | €870 | -€3,161 | -78.4% |
| Profit (loss) for the period | 9904 | €14,610 | €8,052 | -€6,558 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,610 | €8,052 | -€6,558 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.