TREES ADVISERS: 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.
TREES ADVISERS
Largest movements
- Receivables within one year -€84,344
down €84,344 (-27.4%), from €308,049 to €223,705
of which Trade receivables: -€122,563
- Cash +€38,727
up €38,727 (+458.2%), from €8,452 to €47,179
mainly Receivables within one year (+€84,344) and Investment in fixed assets (net) (+€37,521)
- Tangible fixed assets -€38,180
down €38,180 (-94.6%), from €40,371 to €2,192
of which Furniture and vehicles: -€40,371
- Reserves -€54,545
down €54,545 (-63.1%), from €86,405 to €31,860
of which Distributable reserves: -€54,545
- Tax, wage and social debts -€15,997
down €15,997 (-35.8%), from €44,687 to €28,690
- Debts after one year -€9,992
down €9,992 (-100.0%), from €9,992 to €0
- Trade debts -€5,449
down €5,449 (-5.5%), from €98,541 to €93,092
- Profit (loss) carried forward +€4,860
up €4,860 (+10.6%), from €45,980 to €50,840
- Gross operating margin -€53,110
down €53,110 (-60.6%), from €87,668 to €34,558
- Taxes -€20,785
down €20,785 (-90.6%), from €22,950 to €2,164
- Depreciation -€15,558
down €15,558 (-95.9%), from €16,217 to €658
- Financial charges -€1,141
down €1,141 (-21.1%), from €5,401 to €4,260
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.
Cash bridge derived
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 | €357,073 | €273,075 | -€83,998 | -23.5% |
| Fixed assets | 21/28 | €40,371 | €2,192 | -€38,180 | -94.6% |
| Tangible fixed assets | 22/27 | €40,371 | €2,192 | -€38,180 | -94.6% |
| Plant, machinery and equipment | 23 | - | €2,192 | +€2,192 | |
| Furniture and vehicles | 24 | €40,371 | €0 | -€40,371 | -100.0% |
| Current assets | 29/58 | €316,702 | €270,884 | -€45,818 | -14.5% |
| Amounts receivable within one year | 40/41 | €308,049 | €223,705 | -€84,344 | -27.4% |
| Trade receivables | 40 | €217,549 | €94,986 | -€122,563 | -56.3% |
| Other amounts receivable | 41 | €90,500 | €128,719 | +€38,219 | +42.2% |
| Cash at bank and in hand | 54/58 | €8,452 | €47,179 | +€38,727 | +458.2% |
| Deferred charges and accrued income | 490/1 | €202 | €0 | -€202 | -100.0% |
| Total equity and liabilities | 10/49 | €357,073 | €273,075 | -€83,998 | -23.5% |
| Equity | 10/15 | €150,986 | €101,300 | -€49,686 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,405 | €31,860 | -€54,545 | -63.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,545 | €30,000 | -€54,545 | -64.5% |
| Profit (loss) carried forward | 14 | €45,980 | €50,840 | +€4,860 | +10.6% |
| Amounts payable | 17/49 | €206,088 | €171,775 | -€34,313 | -16.6% |
| Amounts payable after more than one year | 17 | €9,992 | €0 | -€9,992 | -100.0% |
| Financial debts | 170/4 | €9,992 | €0 | -€9,992 | -100.0% |
| Amounts payable within one year | 42/48 | €196,095 | €171,775 | -€24,320 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €12,867 | €9,992 | -€2,874 | -22.3% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €98,541 | €93,092 | -€5,449 | -5.5% |
| Suppliers | 440/4 | €98,541 | €93,092 | -€5,449 | -5.5% |
| Taxes, remuneration and social security | 45 | €44,687 | €28,690 | -€15,997 | -35.8% |
| Taxes | 450/3 | €44,687 | €28,690 | -€15,997 | -35.8% |
| Remuneration, social security and pensions | 62 | €1,000 | €631 | -€369 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,217 | €658 | -€15,558 | -95.9% |
| Other operating charges | 640/8 | €1,818 | €1,624 | -€194 | -10.7% |
| Non-recurring operating charges | 66A | - | €20,371 | +€20,371 | |
| Gross operating margin | 9900 | €87,668 | €34,558 | -€53,110 | -60.6% |
| Operating profit (loss) | 9901 | €68,633 | €11,273 | -€57,360 | -83.6% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €5,401 | €4,260 | -€1,141 | -21.1% |
| Recurring financial charges | 65 | €5,401 | €4,260 | -€1,141 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €63,232 | €7,024 | -€56,208 | -88.9% |
| Income taxes | 67/77 | €22,950 | €2,164 | -€20,785 | -90.6% |
| Profit (loss) for the period | 9904 | €40,283 | €4,860 | -€35,423 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,283 | €4,860 | -€35,423 | -87.9% |
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 12 October 2026 via checked.be.