TREESIGN: what changed
Two fiscal 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.
TREESIGN
Largest movements
- Receivables within one year -€26,593
down €26,593 (-46.9%), from €56,748 to €30,155
of which Trade receivables: -€26,077
- Tangible fixed assets +€12,128
up €12,128 (+94.4%), from €12,845 to €24,974
of which Plant, machinery and equipment: +€13,466
- Deferred charges and accrued income +€4,513
up €4,513 (+127.5%), from €3,541 to €8,054
- Financial fixed assets +€3,000
up €3,000 (+4838.7%), from €62 to €3,062
- Cash +€1,162
up €1,162 (+18.1%), from €6,414 to €7,575
mainly Other debts (+€35,712) and Receivables within one year (+€26,593)
- Profit (loss) carried forward -€58,385
down €58,385 (-153.0%), from -€38,163 to -€96,548
- Other debts +€35,712
up €35,712 (+243.2%), from €14,683 to €50,395
- Trade debts +€12,134
up €12,134 (+16.4%), from €73,936 to €86,071
- Tax, wage and social debts +€3,873
up €3,873 (+16.4%), from €23,619 to €27,493
of which Remuneration and social security: +€3,437
- Gross operating margin -€53,684
down €53,684 (-30.3%), from €176,984 to €123,300
- Staff costs +€9,916
up €9,916 (+6.1%), from €163,578 to €173,493
- Depreciation -€4,628
down €4,628 (-42.3%), from €10,939 to €6,311
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 | €96,325 | €90,536 | -€5,790 | -6.0% |
| Fixed assets | 21/28 | €12,907 | €28,036 | +€15,128 | +117.2% |
| Tangible fixed assets | 22/27 | €12,845 | €24,974 | +€12,128 | +94.4% |
| Plant, machinery and equipment | 23 | €3,783 | €17,249 | +€13,466 | +356.0% |
| Furniture and vehicles | 24 | €9,062 | €7,725 | -€1,338 | -14.8% |
| Financial fixed assets | 28 | €62 | €3,062 | +€3,000 | +4838.7% |
| Current assets | 29/58 | €83,418 | €62,500 | -€20,918 | -25.1% |
| Stocks and contracts in progress | 3 | €16,716 | €16,716 | = | 0.0% |
| Stocks | 30/36 | €16,716 | €16,716 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,748 | €30,155 | -€26,593 | -46.9% |
| Trade receivables | 40 | €48,153 | €22,076 | -€26,077 | -54.2% |
| Other amounts receivable | 41 | €8,594 | €8,078 | -€516 | -6.0% |
| Cash at bank and in hand | 54/58 | €6,414 | €7,575 | +€1,162 | +18.1% |
| Deferred charges and accrued income | 490/1 | €3,541 | €8,054 | +€4,513 | +127.5% |
| Total equity and liabilities | 10/49 | €96,325 | €90,536 | -€5,790 | -6.0% |
| Equity | 10/15 | -€18,163 | -€76,548 | -€58,385 | -321.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,163 | -€96,548 | -€58,385 | -153.0% |
| Amounts payable | 17/49 | €114,489 | €167,084 | +€52,595 | +45.9% |
| Amounts payable within one year | 42/48 | €114,489 | €167,084 | +€52,595 | +45.9% |
| Trade debts | 44 | €73,936 | €86,071 | +€12,134 | +16.4% |
| Suppliers | 440/4 | €73,936 | €86,071 | +€12,134 | +16.4% |
| Advances received on contracts in progress | 46 | €2,250 | €3,125 | +€875 | +38.9% |
| Taxes, remuneration and social security | 45 | €23,619 | €27,493 | +€3,873 | +16.4% |
| Taxes | 450/3 | €514 | €950 | +€436 | +84.8% |
| Remuneration and social security | 454/9 | €23,105 | €26,542 | +€3,437 | +14.9% |
| Other amounts payable | 47/48 | €14,683 | €50,395 | +€35,712 | +243.2% |
| Remuneration, social security and pensions | 62 | €163,578 | €173,493 | +€9,916 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,939 | €6,311 | -€4,628 | -42.3% |
| Other operating charges | 640/8 | €1,094 | €1,243 | +€149 | +13.6% |
| Gross operating margin | 9900 | €176,984 | €123,300 | -€53,684 | -30.3% |
| Operating profit (loss) | 9901 | €1,374 | -€57,747 | -€59,121 | |
| Financial charges | 65/66B | €2,325 | €638 | -€1,687 | -72.6% |
| Recurring financial charges | 65 | €2,325 | €638 | -€1,687 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€951 | -€58,385 | -€57,434 | -6038.3% |
| Profit (loss) for the period | 9904 | -€951 | -€58,385 | -€57,434 | -6038.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€951 | -€58,385 | -€57,434 | -6038.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.