4Forests: 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.
4Forests
Largest movements
- Tangible fixed assets -€13,849
down €13,849 (-77.2%), from €17,936 to €4,087
- Cash +€9,853
up €9,853 (+8.6%), from €114,375 to €124,228
mainly Net result for the year (+€23,670) and Depreciation (+€13,849)
- Receivables within one year +€5,537
up €5,537 (+43.0%), from €12,886 to €18,424
of which Trade receivables: +€4,298
- Reserves +€23,670
up €23,670 (+19.5%), from €121,432 to €145,102
- Tax, wage and social debts -€14,724
down €14,724 (-96.7%), from €15,221 to €497
- Trade debts -€7,216
down €7,216 (-100%), from €7,216 to €0
- Gross operating margin -€18,356
down €18,356 (-27.5%), from €66,795 to €48,439
- Taxes -€5,239
down €5,239 (-37.1%), from €14,127 to €8,888
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 | €145,198 | €146,799 | +€1,602 | +1.1% |
| Fixed assets | 21/28 | €17,936 | €4,087 | -€13,849 | -77.2% |
| Tangible fixed assets | 22/27 | €17,936 | €4,087 | -€13,849 | -77.2% |
| Furniture and vehicles | 24 | €17,936 | €4,087 | -€13,849 | -77.2% |
| Current assets | 29/58 | €127,261 | €142,712 | +€15,450 | +12.1% |
| Amounts receivable within one year | 40/41 | €12,886 | €18,424 | +€5,537 | +43.0% |
| Trade receivables | 40 | €12,802 | €17,099 | +€4,298 | +33.6% |
| Other amounts receivable | 41 | €85 | €1,324 | +€1,239 | +1,461% |
| Cash at bank and in hand | 54/58 | €114,375 | €124,228 | +€9,853 | +8.6% |
| Deferred charges and accrued income | 490/1 | - | €61 | +€61 | |
| Total equity and liabilities | 10/49 | €145,198 | €146,799 | +€1,602 | +1.1% |
| Equity | 10/15 | €122,632 | €146,302 | +€23,670 | +19.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €121,432 | €145,102 | +€23,670 | +19.5% |
| Distributable reserves | 133 | €121,432 | €145,102 | +€23,670 | +19.5% |
| Amounts payable | 17/49 | €22,565 | €497 | -€22,068 | -97.8% |
| Amounts payable within one year | 42/48 | €22,565 | €497 | -€22,068 | -97.8% |
| Trade debts | 44 | €7,216 | €0 | -€7,216 | -100% |
| Suppliers | 440/4 | €7,216 | €0 | -€7,216 | -100% |
| Taxes, remuneration and social security | 45 | €15,221 | €497 | -€14,724 | -96.7% |
| Taxes | 450/3 | €15,221 | €497 | -€14,724 | -96.7% |
| Other amounts payable | 47/48 | €128 | €0 | -€128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,849 | €13,849 | = | 0.0% |
| Other operating charges | 640/8 | €566 | €511 | -€56 | -9.8% |
| Gross operating margin | 9900 | €66,795 | €48,439 | -€18,356 | -27.5% |
| Operating profit (loss) | 9901 | €52,380 | €34,080 | -€18,301 | -34.9% |
| Financial income | 75/76B | €15 | €32 | +€18 | +121% |
| Recurring financial income | 75 | €15 | €32 | +€18 | +121% |
| Financial charges | 65/66B | €895 | €1,554 | +€659 | +73.7% |
| Recurring financial charges | 65 | €895 | €1,554 | +€659 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €51,500 | €32,557 | -€18,943 | -36.8% |
| Income taxes | 67/77 | €14,127 | €8,888 | -€5,239 | -37.1% |
| Profit (loss) for the period | 9904 | €37,373 | €23,670 | -€13,703 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,373 | €23,670 | -€13,703 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.