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ALLFOREST: 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.

What changed

ALLFOREST

BE 0883.428.389
NACE 02.200, Logging
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,150
2024 · €13,512+€9,638
Equity
€250,197
2024 · €222,553+€27,644
Cash
€82,269
2024 · €43,070+€39,199
Balance sheet total
€633,354
2024 · €690,108-€56,754

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€121,315

    down €121,315 (-21.3%), from €570,528 to €449,213

    of which Leasing and similar rights: -€72,453

  • Cash +€39,199

    up €39,199 (+91.0%), from €43,070 to €82,269

    mainly Depreciation (+€144,262) and Net result for the year (+€23,150)

  • Stocks and contracts +€20,150

    new in 2025: €20,150

Equity and liabilities
  • Debts after one year -€72,625

    down €72,625 (-29.6%), from €245,183 to €172,558

  • Reserves +€23,000

    up €23,000 (+11.7%), from €197,000 to €220,000

    of which Distributable reserves: +€23,000

  • Current portion of long-term debt -€14,314

    down €14,314 (-16.5%), from €86,939 to €72,625

  • Other debts +€7,305

    up €7,305 (+11.4%), from €63,963 to €71,268

Income statement
  • Gross operating margin +€29,896

    up €29,896 (+17.4%), from €171,348 to €201,244

  • Depreciation +€18,037

    up €18,037 (+14.3%), from €126,226 to €144,262

  • Taxes +€4,248

    up €4,248 (+110.1%), from €3,858 to €8,105

  • Financial income +€3,176

    up €3,176 (+1512309.5%), from €0 to €3,176

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €13,512
Gross operating margin +€29,896
Depreciation -€18,037
Other operating charges -€74
Financial income +€3,176
Financial charges -€1,075
Taxes -€4,248
Result 2025 €23,150

Cash bridge derived

cash 2024 to 2025

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.

From operations +€144,591
Investment -€22,947
Financing -€82,445
Cash 2024 €43,070
Net result for the year +€23,150
Depreciation +€144,262
Stocks and contracts -€20,150
Receivables within one year -€5,723
Deferred charges and accrued income +€511
Trade debts -€3,849
Tax, wage and social debts -€914
Other debts +€7,305
Investment in fixed assets (net) -€22,947
Debts after one year -€72,625
Current portion of long-term debt -€14,314
Contributions, distributions and other +€4,494
Cash 2025 €82,269
Every line side by side 50 lines
Line Code 2024 2025 Change %
Total assets 20/58 €690,108 €633,354 -€56,754 -8.2%
Fixed assets 21/28 €570,543 €449,228 -€121,315 -21.3%
Tangible fixed assets 22/27 €570,528 €449,213 -€121,315 -21.3%
Plant, machinery and equipment 23 €140,267 €98,687 -€41,581 -29.6%
Furniture and vehicles 24 €55,006 €55,102 +€96 +0.2%
Leasing and similar rights 25 €326,004 €253,550 -€72,453 -22.2%
Other tangible fixed assets 26 €49,252 €41,874 -€7,378 -15.0%
Financial fixed assets 28 €15 €15 = 0.0%
Current assets 29/58 €119,564 €184,126 +€64,561 +54.0%
Stocks and contracts in progress 3 - €20,150 +€20,150
Stocks 30/36 - €20,150 +€20,150
Amounts receivable within one year 40/41 €68,896 €74,619 +€5,723 +8.3%
Trade receivables 40 €57,411 €65,556 +€8,146 +14.2%
Other amounts receivable 41 €11,486 €9,063 -€2,423 -21.1%
Cash at bank and in hand 54/58 €43,070 €82,269 +€39,199 +91.0%
Deferred charges and accrued income 490/1 €7,598 €7,087 -€511 -6.7%
Total equity and liabilities 10/49 €690,108 €633,354 -€56,754 -8.2%
Equity 10/15 €222,553 €250,197 +€27,644 +12.4%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €197,000 €220,000 +€23,000 +11.7%
Non-distributable reserves 130/1 €2,500 €2,500 = 0.0%
Reserves not available under the articles 1311 €2,500 €2,500 = 0.0%
Distributable reserves 133 €194,500 €217,500 +€23,000 +11.8%
Profit (loss) carried forward 14 €553 €703 +€150 +27.0%
Investment grants 15 - €4,494 +€4,494
Provisions and deferred taxes 16 €10,000 €10,000 = 0.0%
Provisions for liabilities and charges 160/5 €10,000 €10,000 = 0.0%
Major repairs and maintenance 162 €10,000 €10,000 = 0.0%
Amounts payable 17/49 €457,555 €373,157 -€84,398 -18.4%
Amounts payable after more than one year 17 €245,183 €172,558 -€72,625 -29.6%
Financial debts 170/4 €245,183 €172,558 -€72,625 -29.6%
Amounts payable within one year 42/48 €212,372 €200,599 -€11,772 -5.5%
Current portion of amounts payable after more than one year 42 €86,939 €72,625 -€14,314 -16.5%
Trade debts 44 €52,540 €48,691 -€3,849 -7.3%
Suppliers 440/4 €52,540 €48,691 -€3,849 -7.3%
Taxes, remuneration and social security 45 €8,929 €8,015 -€914 -10.2%
Taxes 450/3 €8,929 €8,015 -€914 -10.2%
Other amounts payable 47/48 €63,963 €71,268 +€7,305 +11.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €126,226 €144,262 +€18,037 +14.3%
Other operating charges 640/8 €1,667 €1,741 +€74 +4.4%
Gross operating margin 9900 €171,348 €201,244 +€29,896 +17.4%
Operating profit (loss) 9901 €43,456 €55,241 +€11,785 +27.1%
Financial income 75/76B €0 €3,176 +€3,176 +1512309.5%
Recurring financial income 75 €0 €3,176 +€3,176 +1512309.5%
Financial charges 65/66B €26,086 €27,162 +€1,075 +4.1%
Recurring financial charges 65 €26,086 €27,162 +€1,075 +4.1%
Profit (loss) for the period before taxes 9903 €17,369 €31,255 +€13,885 +79.9%
Income taxes 67/77 €3,858 €8,105 +€4,248 +110.1%
Profit (loss) for the period 9904 €13,512 €23,150 +€9,638 +71.3%
Profit (loss) for the period to be appropriated 9905 €13,512 €23,150 +€9,638 +71.3%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.