TREEROOTS: 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.
TREEROOTS
Largest movements
- Financial fixed assets +€400,000
new in 2025: €400,000
- Receivables within one year +€141,709
up €141,709 (+766%), from €18,503 to €160,212
of which Trade receivables: +€142,510
- Cash -€126,374
down €126,374 (-77.9%), from €162,267 to €35,893
mainly Investment in fixed assets (net) (-€445,000) and Receivables within one year (-€141,709)
- Tangible fixed assets +€24,607
up €24,607 (+11.7%), from €209,956 to €234,563
of which Land and buildings: +€37,754
- Debts after one year +€292,694
new in 2025: €292,694
- Profit (loss) carried forward +€79,364
up €79,364 (+352%), from €22,527 to €101,890
- Current portion of long-term debt +€43,306
new in 2025: €43,306
- Tax, wage and social debts +€15,442
up €15,442 (+38.0%), from €40,670 to €56,112
- Taxes -€6,483
down €6,483 (-18.5%), from €35,034 to €28,551
- Gross operating margin +€4,946
up €4,946 (+3.8%), from €131,086 to €136,032
- Depreciation +€1,790
up €1,790 (+9.6%), from €18,603 to €20,393
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 | €400,726 | €840,668 | +€439,942 | +110% |
| Fixed assets | 21/28 | €209,956 | €634,563 | +€424,607 | +202% |
| Tangible fixed assets | 22/27 | €209,956 | €234,563 | +€24,607 | +11.7% |
| Land and buildings | 22 | €162,048 | €199,802 | +€37,754 | +23.3% |
| Furniture and vehicles | 24 | €47,908 | €34,760 | -€13,147 | -27.4% |
| Financial fixed assets | 28 | - | €400,000 | +€400,000 | |
| Current assets | 29/58 | €190,770 | €206,105 | +€15,335 | +8.0% |
| Amounts receivable within one year | 40/41 | €18,503 | €160,212 | +€141,709 | +766% |
| Trade receivables | 40 | €17,597 | €160,107 | +€142,510 | +810% |
| Other amounts receivable | 41 | €906 | €105 | -€801 | -88.4% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €162,267 | €35,893 | -€126,374 | -77.9% |
| Total equity and liabilities | 10/49 | €400,726 | €840,668 | +€439,942 | +110% |
| Equity | 10/15 | €177,527 | €256,890 | +€79,364 | +44.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,527 | €101,890 | +€79,364 | +352% |
| Amounts payable | 17/49 | €223,199 | €583,777 | +€360,578 | +162% |
| Amounts payable after more than one year | 17 | - | €292,694 | +€292,694 | |
| Financial debts | 170/4 | - | €292,694 | +€292,694 | |
| Amounts payable within one year | 42/48 | €223,199 | €291,083 | +€67,884 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | - | €43,306 | +€43,306 | |
| Trade debts | 44 | - | €5,990 | +€5,990 | |
| Suppliers | 440/4 | - | €5,990 | +€5,990 | |
| Taxes, remuneration and social security | 45 | €40,670 | €56,112 | +€15,442 | +38.0% |
| Taxes | 450/3 | €40,670 | €56,112 | +€15,442 | +38.0% |
| Other amounts payable | 47/48 | €182,529 | €185,675 | +€3,146 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,603 | €20,393 | +€1,790 | +9.6% |
| Other operating charges | 640/8 | €913 | €1,680 | +€767 | +83.9% |
| Non-recurring operating charges | 66A | - | €5,685 | +€5,685 | |
| Gross operating margin | 9900 | €131,086 | €136,032 | +€4,946 | +3.8% |
| Operating profit (loss) | 9901 | €111,569 | €108,274 | -€3,296 | -3.0% |
| Financial income | 75/76B | €0 | €48 | +€47 | +31,640% |
| Recurring financial income | 75 | €0 | €48 | +€47 | +31,640% |
| Financial charges | 65/66B | €63 | €407 | +€344 | +544% |
| Recurring financial charges | 65 | €63 | €407 | +€344 | +544% |
| Profit (loss) for the period before taxes | 9903 | €111,506 | €107,915 | -€3,592 | -3.2% |
| Income taxes | 67/77 | €35,034 | €28,551 | -€6,483 | -18.5% |
| Profit (loss) for the period | 9904 | €76,473 | €79,364 | +€2,891 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,473 | €79,364 | +€2,891 | +3.8% |
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.