Treeminds: 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.
Treeminds
Largest movements
- Cash +€16,757
up €16,757 (+93.3%), from €17,953 to €34,710
mainly Depreciation (+€36,664) and Net result for the year (+€21,338)
- Receivables within one year -€4,955
down €4,955 (-19.8%), from €24,985 to €20,030
of which Other amounts receivable: -€5,000
- Tangible fixed assets +€4,297
up €4,297 (+2.4%), from €178,655 to €182,952
of which Furniture and vehicles: +€25,840
- Reserves +€21,338
up €21,338 (+47.4%), from €44,996 to €66,335
- Other debts -€15,962
down €15,962 (-82.9%), from €19,255 to €3,294
- Tax, wage and social debts +€7,988
up €7,988 (+118%), from €6,766 to €14,754
of which Taxes: +€5,188
- Debts after one year +€4,648
up €4,648 (+4.1%), from €113,163 to €117,811
- Gross operating margin +€9,912
up €9,912 (+15.6%), from €63,518 to €73,430
- Depreciation +€4,204
up €4,204 (+13.0%), from €32,459 to €36,664
- Financial charges +€3,402
up €3,402 (+118%), from €2,872 to €6,275
- Other operating charges +€1,964
up €1,964 (+364%), from €539 to €2,503
- Taxes +€1,816
up €1,816 (+38.9%), from €4,674 to €6,490
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 | €222,953 | €238,702 | +€15,750 | +7.1% |
| Fixed assets | 21/28 | €179,106 | €183,203 | +€4,097 | +2.3% |
| Intangible fixed assets | 21 | €452 | €252 | -€200 | -44.3% |
| Tangible fixed assets | 22/27 | €178,655 | €182,952 | +€4,297 | +2.4% |
| Land and buildings | 22 | €300 | €0 | -€300 | -100% |
| Plant, machinery and equipment | 23 | €121,632 | €108,452 | -€13,180 | -10.8% |
| Furniture and vehicles | 24 | €29,983 | €55,823 | +€25,840 | +86.2% |
| Leasing and similar rights | 25 | €12,920 | €6,791 | -€6,130 | -47.4% |
| Other tangible fixed assets | 26 | €13,819 | €11,886 | -€1,933 | -14.0% |
| Current assets | 29/58 | €43,846 | €55,499 | +€11,652 | +26.6% |
| Amounts receivable within one year | 40/41 | €24,985 | €20,030 | -€4,955 | -19.8% |
| Trade receivables | 40 | €19,659 | €19,704 | +€45 | +0.2% |
| Other amounts receivable | 41 | €5,326 | €326 | -€5,000 | -93.9% |
| Cash at bank and in hand | 54/58 | €17,953 | €34,710 | +€16,757 | +93.3% |
| Deferred charges and accrued income | 490/1 | €908 | €759 | -€150 | -16.5% |
| Total equity and liabilities | 10/49 | €222,953 | €238,702 | +€15,750 | +7.1% |
| Equity | 10/15 | €49,996 | €71,335 | +€21,338 | +42.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,996 | €66,335 | +€21,338 | +47.4% |
| Distributable reserves | 133 | €44,996 | €66,335 | +€21,338 | +47.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,956 | €167,368 | -€5,589 | -3.2% |
| Amounts payable after more than one year | 17 | €113,163 | €117,811 | +€4,648 | +4.1% |
| Financial debts | 170/4 | €113,163 | €117,811 | +€4,648 | +4.1% |
| Amounts payable within one year | 42/48 | €59,793 | €49,506 | -€10,287 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €32,047 | €31,050 | -€997 | -3.1% |
| Trade debts | 44 | €1,725 | €409 | -€1,316 | -76.3% |
| Suppliers | 440/4 | €1,725 | €409 | -€1,316 | -76.3% |
| Taxes, remuneration and social security | 45 | €6,766 | €14,754 | +€7,988 | +118% |
| Taxes | 450/3 | €6,766 | €11,954 | +€5,188 | +76.7% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €19,255 | €3,294 | -€15,962 | -82.9% |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €200 | €160 | -€40 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,459 | €36,664 | +€4,204 | +13.0% |
| Other operating charges | 640/8 | €539 | €2,503 | +€1,964 | +364% |
| Gross operating margin | 9900 | €63,518 | €73,430 | +€9,912 | +15.6% |
| Operating profit (loss) | 9901 | €30,319 | €34,103 | +€3,783 | +12.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,872 | €6,275 | +€3,402 | +118% |
| Recurring financial charges | 65 | €2,872 | €6,275 | +€3,402 | +118% |
| Profit (loss) for the period before taxes | 9903 | €27,447 | €27,828 | +€381 | +1.4% |
| Income taxes | 67/77 | €4,674 | €6,490 | +€1,816 | +38.9% |
| Profit (loss) for the period | 9904 | €22,773 | €21,338 | -€1,435 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,773 | €21,338 | -€1,435 | -6.3% |
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 14 October 2026 via checked.be.