Treelight: 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.
Treelight
Largest movements
- Receivables within one year +€91,274
up €91,274 (+182%), from €50,213 to €141,486
of which Trade receivables: +€76,010
- Cash -€58,391
down €58,391 (-51.4%), from €113,635 to €55,245
mainly Receivables within one year (-€91,274) and Trade debts (-€39,527)
- Tangible fixed assets -€13,651
down €13,651 (-51.5%), from €26,510 to €12,860
of which Furniture and vehicles: -€8,807
- Profit (loss) carried forward +€58,437
new in 2025: €58,437
- Trade debts -€39,527
down €39,527 (-35.4%), from €111,782 to €72,255
- Other debts -€10,612
no longer reported in 2025 (was €10,612)
- Tax, wage and social debts +€9,003
new in 2025: €9,003
- Current portion of long-term debt +€5,425
up €5,425 (+40.5%), from €13,400 to €18,825
- Gross operating margin +€222,479
up €222,479 (+124%), from €179,777 to €402,256
- Staff costs +€155,916
up €155,916 (+108%), from €144,649 to €300,565
- Taxes +€19,473
up €19,473 (+406%), from €4,791 to €24,265
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 | €192,378 | €209,986 | +€17,608 | +9.2% |
| Fixed assets | 21/28 | €27,350 | €13,255 | -€14,096 | -51.5% |
| Intangible fixed assets | 21 | €840 | €395 | -€445 | -53.0% |
| Tangible fixed assets | 22/27 | €26,510 | €12,860 | -€13,651 | -51.5% |
| Plant, machinery and equipment | 23 | €10,302 | €5,459 | -€4,844 | -47.0% |
| Furniture and vehicles | 24 | €16,208 | €7,401 | -€8,807 | -54.3% |
| Current assets | 29/58 | €165,028 | €196,731 | +€31,704 | +19.2% |
| Amounts receivable within one year | 40/41 | €50,213 | €141,486 | +€91,274 | +182% |
| Trade receivables | 40 | €19,605 | €95,615 | +€76,010 | +388% |
| Other amounts receivable | 41 | €30,608 | €45,872 | +€15,264 | +49.9% |
| Cash at bank and in hand | 54/58 | €113,635 | €55,245 | -€58,391 | -51.4% |
| Deferred charges and accrued income | 490/1 | €1,180 | - | -€1,180 | |
| Total equity and liabilities | 10/49 | €192,378 | €209,986 | +€17,608 | +9.2% |
| Equity | 10/15 | €40,915 | €99,352 | +€58,437 | +143% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,915 | €35,915 | = | 0.0% |
| Distributable reserves | 133 | €35,915 | €35,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €58,437 | +€58,437 | |
| Amounts payable | 17/49 | €151,463 | €110,634 | -€40,829 | -27.0% |
| Amounts payable after more than one year | 17 | €11,213 | €10,551 | -€662 | -5.9% |
| Financial debts | 170/4 | €11,213 | €10,551 | -€662 | -5.9% |
| Amounts payable within one year | 42/48 | €140,250 | €100,083 | -€40,167 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €13,400 | €18,825 | +€5,425 | +40.5% |
| Financial debts | 43 | €4,456 | - | -€4,456 | |
| Other loans | 439 | €4,456 | - | -€4,456 | |
| Trade debts | 44 | €111,782 | €72,255 | -€39,527 | -35.4% |
| Suppliers | 440/4 | €111,782 | €72,255 | -€39,527 | -35.4% |
| Taxes, remuneration and social security | 45 | - | €9,003 | +€9,003 | |
| Taxes | 450/3 | - | €9,003 | +€9,003 | |
| Other amounts payable | 47/48 | €10,612 | - | -€10,612 | |
| Non-recurring operating income | 76A | €3,960 | €4,172 | +€212 | +5.4% |
| Remuneration, social security and pensions | 62 | €144,649 | €300,565 | +€155,916 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,516 | €14,096 | -€3,421 | -19.5% |
| Other operating charges | 640/8 | €1,470 | €1,967 | +€497 | +33.8% |
| Gross operating margin | 9900 | €179,777 | €402,256 | +€222,479 | +124% |
| Operating profit (loss) | 9901 | €16,142 | €85,628 | +€69,486 | +430% |
| Financial income | 75/76B | €4 | €998 | +€993 | +24,172% |
| Recurring financial income | 75 | €4 | €998 | +€993 | +24,172% |
| Financial charges | 65/66B | €2,728 | €3,924 | +€1,196 | +43.8% |
| Recurring financial charges | 65 | €2,728 | €3,924 | +€1,196 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €13,418 | €82,701 | +€69,284 | +516% |
| Income taxes | 67/77 | €4,791 | €24,265 | +€19,473 | +406% |
| Profit (loss) for the period | 9904 | €8,627 | €58,437 | +€49,810 | +577% |
| Profit (loss) for the period to be appropriated | 9905 | €8,627 | €58,437 | +€49,810 | +577% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.