BC Forest: 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.
BC Forest
Largest movements
- Tangible fixed assets -€116,629
down €116,629 (-29.9%), from €390,127 to €273,498
of which Furniture and vehicles: -€61,839
- Receivables within one year -€19,397
down €19,397 (-75.2%), from €25,780 to €6,383
of which Trade receivables: -€17,955
- Cash -€17,515
down €17,515 (-39.4%), from €44,404 to €26,889
mainly Debts after one year (-€108,026) and Net result for the year (-€79,817)
- Stocks and contracts -€7,629
down €7,629 (-12.6%), from €60,766 to €53,137
- Debts after one year -€108,026
down €108,026 (-36.4%), from €296,717 to €188,691
of which Financial debts: -€58,026
- Profit (loss) carried forward -€79,817
down €79,817 (-550.1%), from -€14,510 to -€94,327
- Other debts +€30,426
up €30,426 (+23.6%), from €129,035 to €159,461
- Trade debts -€6,972
down €6,972 (-18.2%), from €38,314 to €31,342
- Gross operating margin -€20,485
down €20,485 (-24.5%), from €83,546 to €63,061
- Write-downs +€16,661
new in 2025: €16,661
- Depreciation +€6,734
up €6,734 (+5.9%), from €113,726 to €120,460
- Financial income +€2,696
up €2,696 (+147.8%), from €1,824 to €4,520
of which Financial income: +€4,481
- Financial charges +€935
up €935 (+12.6%), from €7,395 to €8,330
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 | €524,416 | €362,970 | -€161,446 | -30.8% |
| Fixed assets | 21/28 | €390,127 | €273,498 | -€116,629 | -29.9% |
| Tangible fixed assets | 22/27 | €390,127 | €273,498 | -€116,629 | -29.9% |
| Plant, machinery and equipment | 23 | €180,828 | €135,252 | -€45,576 | -25.2% |
| Furniture and vehicles | 24 | €175,547 | €113,708 | -€61,839 | -35.2% |
| Leasing and similar rights | 25 | €33,752 | €24,538 | -€9,214 | -27.3% |
| Current assets | 29/58 | €134,289 | €89,472 | -€44,817 | -33.4% |
| Stocks and contracts in progress | 3 | €60,766 | €53,137 | -€7,629 | -12.6% |
| Stocks | 30/36 | €60,766 | €53,137 | -€7,629 | -12.6% |
| Amounts receivable within one year | 40/41 | €25,780 | €6,383 | -€19,397 | -75.2% |
| Trade receivables | 40 | €21,253 | €3,298 | -€17,955 | -84.5% |
| Other amounts receivable | 41 | €4,527 | €3,085 | -€1,442 | -31.9% |
| Cash at bank and in hand | 54/58 | €44,404 | €26,889 | -€17,515 | -39.4% |
| Deferred charges and accrued income | 490/1 | €3,339 | €3,063 | -€276 | -8.3% |
| Total equity and liabilities | 10/49 | €524,416 | €362,970 | -€161,446 | -30.8% |
| Equity | 10/15 | €4,290 | -€75,527 | -€79,817 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,510 | -€94,327 | -€79,817 | -550.1% |
| Amounts payable | 17/49 | €520,126 | €438,497 | -€81,629 | -15.7% |
| Amounts payable after more than one year | 17 | €296,717 | €188,691 | -€108,026 | -36.4% |
| Financial debts | 170/4 | €155,217 | €97,191 | -€58,026 | -37.4% |
| Other amounts payable | 178/9 | €141,500 | €91,500 | -€50,000 | -35.3% |
| Amounts payable within one year | 42/48 | €223,409 | €249,806 | +€26,397 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €54,998 | €57,296 | +€2,298 | +4.2% |
| Trade debts | 44 | €38,314 | €31,342 | -€6,972 | -18.2% |
| Suppliers | 440/4 | €38,314 | €31,342 | -€6,972 | -18.2% |
| Taxes, remuneration and social security | 45 | €1,062 | €1,707 | +€645 | +60.7% |
| Taxes | 450/3 | €1,062 | €1,707 | +€645 | +60.7% |
| Other amounts payable | 47/48 | €129,035 | €159,461 | +€30,426 | +23.6% |
| Non-recurring operating income | 76A | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,726 | €120,460 | +€6,734 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,661 | +€16,661 | |
| Other operating charges | 640/8 | €887 | €979 | +€92 | +10.4% |
| Non-recurring operating charges | 66A | €2,050 | €968 | -€1,082 | -52.8% |
| Gross operating margin | 9900 | €83,546 | €63,061 | -€20,485 | -24.5% |
| Operating profit (loss) | 9901 | -€33,117 | -€76,007 | -€42,890 | -129.5% |
| Financial income | 75/76B | €1,824 | €4,520 | +€2,696 | +147.8% |
| Recurring financial income | 75 | €39 | €4,520 | +€4,481 | +11489.7% |
| Non-recurring financial income | 76B | €1,785 | €4,520 | +€2,735 | +153.2% |
| Financial charges | 65/66B | €7,395 | €8,330 | +€935 | +12.6% |
| Recurring financial charges | 65 | €7,395 | €8,330 | +€935 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€38,688 | -€79,817 | -€41,129 | -106.3% |
| Profit (loss) for the period | 9904 | -€38,688 | -€79,817 | -€41,129 | -106.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,688 | -€79,817 | -€41,129 | -106.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.