TREESTONE: 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.
TREESTONE
Largest movements
- Financial fixed assets -€220,000
down €220,000 (-2.0%), from €11.0m to €10.8m
- Cash +€119,472
up €119,472 (+237%), from €50,305 to €169,777
mainly Net result for the year (+€605,669) and Investment in fixed assets (net) (+€220,000)
- Profit (loss) carried forward +€605,669
up €605,669 (+22.6%), from €2.7m to €3.3m
- Debts after one year -€442,511
down €442,511 (-49.9%), from €886,387 to €443,875
- Other debts -€351,342
down €351,342 (-50.1%), from €701,342 to €350,000
- Financial income +€315,097
up €315,097 (+90.0%), from €349,928 to €665,025
of which Non-recurring financial income: +€440,000
- Financial charges +€14,705
up €14,705 (+50.3%), from €29,208 to €43,913
- Gross operating margin +€2,374
up €2,374 (+14.1%), from -€16,819 to -€14,445
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 | €11,171,753 | €11,009,229 | -€162,524 | -1.5% |
| Fixed assets | 21/28 | €11,008,343 | €10,788,343 | -€220,000 | -2.0% |
| Financial fixed assets | 28 | €11,008,343 | €10,788,343 | -€220,000 | -2.0% |
| Current assets | 29/58 | €163,409 | €220,886 | +€57,476 | +35.2% |
| Amounts receivable within one year | 40/41 | €113,105 | €48,088 | -€65,016 | -57.5% |
| Other amounts receivable | 41 | €113,105 | €48,088 | -€65,016 | -57.5% |
| Cash at bank and in hand | 54/58 | €50,305 | €169,777 | +€119,472 | +237% |
| Deferred charges and accrued income | 490/1 | - | €3,021 | +€3,021 | |
| Total equity and liabilities | 10/49 | €11,171,753 | €11,009,229 | -€162,524 | -1.5% |
| Equity | 10/15 | €9,112,416 | €9,718,085 | +€605,669 | +6.6% |
| Contributions | 10/11 | €6,431,570 | €6,431,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,680,846 | €3,286,515 | +€605,669 | +22.6% |
| Amounts payable | 17/49 | €2,059,337 | €1,291,144 | -€768,193 | -37.3% |
| Amounts payable after more than one year | 17 | €886,387 | €443,875 | -€442,511 | -49.9% |
| Financial debts | 170/4 | €886,387 | €443,875 | -€442,511 | -49.9% |
| Amounts payable within one year | 42/48 | €1,171,355 | €829,334 | -€342,020 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €459,766 | €466,815 | +€7,049 | +1.5% |
| Trade debts | 44 | €10,246 | €12,519 | +€2,273 | +22.2% |
| Suppliers | 440/4 | €10,246 | €12,519 | +€2,273 | +22.2% |
| Other amounts payable | 47/48 | €701,342 | €350,000 | -€351,342 | -50.1% |
| Accrued charges and deferred income | 492/3 | €1,595 | €17,934 | +€16,339 | +1,024% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€16,819 | -€14,445 | +€2,374 | +14.1% |
| Operating profit (loss) | 9901 | -€17,786 | -€15,443 | +€2,343 | +13.2% |
| Financial income | 75/76B | €349,928 | €665,025 | +€315,097 | +90.0% |
| Recurring financial income | 75 | €349,928 | €225,025 | -€124,903 | -35.7% |
| Non-recurring financial income | 76B | - | €440,000 | +€440,000 | |
| Financial charges | 65/66B | €29,208 | €43,913 | +€14,705 | +50.3% |
| Recurring financial charges | 65 | €29,208 | €43,913 | +€14,705 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €302,934 | €605,669 | +€302,735 | +99.9% |
| Profit (loss) for the period | 9904 | €302,934 | €605,669 | +€302,735 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €302,934 | €605,669 | +€302,735 | +99.9% |
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 24 October 2026 via checked.be.