TREEXPERT: what changed
TREEXPERT
Largest movements
- Cash +€45,808
up €45,808 (+92.6%), from €49,445 to €95,253
mainly Net result for the year (+€45,793) and Debts after one year (+€24,195)
- Tangible fixed assets +€35,945
up €35,945 (+65.4%), from €54,955 to €90,900
of which Leasing and similar rights: +€34,292
- Receivables within one year +€3,623
up €3,623 (+5.6%), from €64,474 to €68,096
- Deferred charges and accrued income +€2,880
up €2,880 (+102%), from €2,835 to €5,715
- Reserves +€34,173
up €34,173 (+87.4%), from €39,090 to €73,263
of which Distributable reserves: +€34,173
- Debts after one year +€24,195
up €24,195 (+67.7%), from €35,743 to €59,938
- Trade debts +€16,893
up €16,893 (+335%), from €5,040 to €21,933
- Current portion of long-term debt +€11,189
up €11,189 (+66.0%), from €16,956 to €28,146
- Other debts +€5,222
up €5,222 (+80.3%), from €6,506 to €11,728
- Gross operating margin +€42,683
up €42,683 (+16.1%), from €264,896 to €307,578
- Taxes +€9,463
up €9,463 (+92.2%), from €10,259 to €19,722
- Depreciation +€5,795
up €5,795 (+31.8%), from €18,236 to €24,031
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,308 | €262,564 | +€88,256 | +50.6% |
| Fixed assets | 21/28 | €54,955 | €90,900 | +€35,945 | +65.4% |
| Tangible fixed assets | 22/27 | €54,955 | €90,900 | +€35,945 | +65.4% |
| Plant, machinery and equipment | 23 | €3,451 | €5,514 | +€2,062 | +59.7% |
| Furniture and vehicles | 24 | €1,927 | €1,519 | -€409 | -21.2% |
| Leasing and similar rights | 25 | €49,576 | €83,868 | +€34,292 | +69.2% |
| Current assets | 29/58 | €119,353 | €171,663 | +€52,310 | +43.8% |
| Stocks and contracts in progress | 3 | €2,600 | €2,600 | = | 0.0% |
| Stocks | 30/36 | €2,600 | €2,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,474 | €68,096 | +€3,623 | +5.6% |
| Trade receivables | 40 | €64,474 | €68,096 | +€3,623 | +5.6% |
| Cash at bank and in hand | 54/58 | €49,445 | €95,253 | +€45,808 | +92.6% |
| Deferred charges and accrued income | 490/1 | €2,835 | €5,715 | +€2,880 | +102% |
| Total equity and liabilities | 10/49 | €174,308 | €262,564 | +€88,256 | +50.6% |
| Equity | 10/15 | €54,028 | €88,201 | +€34,173 | +63.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,090 | €73,263 | +€34,173 | +87.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €39,090 | €73,263 | +€34,173 | +87.4% |
| Profit (loss) carried forward | 14 | €8,738 | €8,738 | = | 0.0% |
| Amounts payable | 17/49 | €120,280 | €174,363 | +€54,083 | +45.0% |
| Amounts payable after more than one year | 17 | €35,743 | €59,938 | +€24,195 | +67.7% |
| Financial debts | 170/4 | €35,743 | €59,938 | +€24,195 | +67.7% |
| Amounts payable within one year | 42/48 | €84,537 | €114,425 | +€29,888 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €16,956 | €28,146 | +€11,189 | +66.0% |
| Trade debts | 44 | €5,040 | €21,933 | +€16,893 | +335% |
| Suppliers | 440/4 | €5,040 | €21,933 | +€16,893 | +335% |
| Taxes, remuneration and social security | 45 | €56,034 | €52,618 | -€3,416 | -6.1% |
| Taxes | 450/3 | €22,008 | €17,404 | -€4,603 | -20.9% |
| Remuneration and social security | 454/9 | €34,027 | €35,214 | +€1,187 | +3.5% |
| Other amounts payable | 47/48 | €6,506 | €11,728 | +€5,222 | +80.3% |
| Remuneration, social security and pensions | 62 | €213,540 | €215,619 | +€2,079 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,236 | €24,031 | +€5,795 | +31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,875 | -€450 | -€2,325 | |
| Other operating charges | 640/8 | €795 | €842 | +€47 | +5.9% |
| Gross operating margin | 9900 | €264,896 | €307,578 | +€42,683 | +16.1% |
| Operating profit (loss) | 9901 | €30,449 | €67,537 | +€37,088 | +122% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €1,709 | €2,022 | +€313 | +18.3% |
| Recurring financial charges | 65 | €1,709 | €2,022 | +€313 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €28,740 | €65,515 | +€36,775 | +128% |
| Income taxes | 67/77 | €10,259 | €19,722 | +€9,463 | +92.2% |
| Profit (loss) for the period | 9904 | €18,481 | €45,793 | +€27,312 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €18,481 | €45,793 | +€27,312 | +148% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.