BR Forrest: 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.
BR Forrest
Largest movements
- Cash -€6,627
down €6,627 (-45.9%), from €14,450 to €7,822
mainly Investment in fixed assets (net) (-€11,771) and Tax, wage and social debts (-€1,147)
- Financial fixed assets +€4,150
new in 2024: €4,150
- Tangible fixed assets +€2,157
up €2,157 (+21.8%), from €9,890 to €12,047
- Deferred charges and accrued income +€1,007
up €1,007 (+172.2%), from €585 to €1,592
- Receivables within one year +€656
up €656 (+3.2%), from €20,201 to €20,857
of which Other amounts receivable: +€601
- Reserves +€3,518
up €3,518 (+48.7%), from €7,228 to €10,747
- Tax, wage and social debts -€1,147
down €1,147 (-7.2%), from €15,873 to €14,725
of which Remuneration and social security: -€1,075
- Trade debts -€901
down €901 (-27.6%), from €3,261 to €2,360
- Staff costs +€7,324
new in 2024: €7,324
- Gross operating margin -€5,461
down €5,461 (-19.4%), from €28,112 to €22,651
- Taxes -€4,408
down €4,408 (-63.6%), from €6,930 to €2,522
- Depreciation +€1,815
up €1,815 (+49.7%), from €3,649 to €5,465
- Other operating charges +€1,436
up €1,436 (+94.7%), from €1,516 to €2,952
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,126 | €46,468 | +€1,343 | +3.0% |
| Fixed assets | 21/28 | €9,890 | €16,197 | +€6,307 | +63.8% |
| Tangible fixed assets | 22/27 | €9,890 | €12,047 | +€2,157 | +21.8% |
| Furniture and vehicles | 24 | €9,890 | €12,047 | +€2,157 | +21.8% |
| Financial fixed assets | 28 | - | €4,150 | +€4,150 | |
| Current assets | 29/58 | €35,236 | €30,271 | -€4,964 | -14.1% |
| Amounts receivable within one year | 40/41 | €20,201 | €20,857 | +€656 | +3.2% |
| Trade receivables | 40 | €20,201 | €20,256 | +€55 | +0.3% |
| Other amounts receivable | 41 | - | €601 | +€601 | |
| Cash at bank and in hand | 54/58 | €14,450 | €7,822 | -€6,627 | -45.9% |
| Deferred charges and accrued income | 490/1 | €585 | €1,592 | +€1,007 | +172.2% |
| Total equity and liabilities | 10/49 | €45,126 | €46,468 | +€1,343 | +3.0% |
| Equity | 10/15 | €25,828 | €29,347 | +€3,518 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,228 | €10,747 | +€3,518 | +48.7% |
| Distributable reserves | 133 | €7,228 | €10,747 | +€3,518 | +48.7% |
| Amounts payable | 17/49 | €19,297 | €17,121 | -€2,176 | -11.3% |
| Amounts payable within one year | 42/48 | €19,297 | €17,121 | -€2,176 | -11.3% |
| Trade debts | 44 | €3,261 | €2,360 | -€901 | -27.6% |
| Suppliers | 440/4 | €3,261 | €2,360 | -€901 | -27.6% |
| Taxes, remuneration and social security | 45 | €15,873 | €14,725 | -€1,147 | -7.2% |
| Taxes | 450/3 | €14,373 | €14,300 | -€73 | -0.5% |
| Remuneration and social security | 454/9 | €1,500 | €425 | -€1,075 | -71.6% |
| Other amounts payable | 47/48 | €163 | €36 | -€127 | -77.9% |
| Non-recurring operating income | 76A | €87 | - | -€87 | |
| Remuneration, social security and pensions | 62 | - | €7,324 | +€7,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,649 | €5,465 | +€1,815 | +49.7% |
| Other operating charges | 640/8 | €1,516 | €2,952 | +€1,436 | +94.7% |
| Gross operating margin | 9900 | €28,112 | €22,651 | -€5,461 | -19.4% |
| Operating profit (loss) | 9901 | €22,947 | €6,911 | -€16,036 | -69.9% |
| Financial income | 75/76B | €22 | €20 | -€1 | -6.5% |
| Recurring financial income | 75 | €22 | €20 | -€1 | -6.5% |
| Financial charges | 65/66B | €775 | €891 | +€116 | +15.0% |
| Recurring financial charges | 65 | €775 | €891 | +€116 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €22,194 | €6,040 | -€16,154 | -72.8% |
| Income taxes | 67/77 | €6,930 | €2,522 | -€4,408 | -63.6% |
| Profit (loss) for the period | 9904 | €15,264 | €3,518 | -€11,746 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,264 | €3,518 | -€11,746 | -76.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.