CH Immo Forêt: what changed
What changed
CH Immo Forêt
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€89,554
2024 · -€43,979-€45,575
Equity
-€441,793
2024 · -€352,238-€89,554
Cash
€8,946
2024 · €15,282-€6,336
Balance sheet total
€1.6m
2024 · €788,541+€822,056
Largest movements
Assets
- Stocks and contracts +€801,047
up €801,047 (+144%), from €558,167 to €1.4m
- Formation expenses +€34,535
up €34,535 (+155%), from €22,324 to €56,859
Equity and liabilities
- Current portion of long-term debt +€746,888
up €746,888, from €0 to €746,888
- Other debts +€136,100
up €136,100 (+106%), from €128,402 to €264,503
- Profit (loss) carried forward -€89,554
down €89,554 (-19.8%), from -€452,238 to -€541,793
- Debts after one year +€30,000
up €30,000 (+3.0%), from €1.0m to €1.0m
Income statement
- Gross operating margin -€33,211
down €33,211, from €2,696 to -€30,515
- Financial charges +€5,206
up €5,206 (+16.0%), from €32,559 to €37,765
- Depreciation +€5,164
up €5,164 (+45.2%), from €11,432 to €16,596
- Other operating charges +€1,994
up €1,994 (+74.3%), from €2,684 to €4,678
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.
Result 2024
-€43,979
Gross operating margin
-€33,211
Depreciation
-€5,164
Other operating charges
-€1,994
Financial charges
-€5,206
Result 2025
-€89,554
lowers the result
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.
From operations
-€732,093
Investment
-€51,131
Financing
+€776,888
Cash 2024
€15,282
From operations (derived)
-€732,093
Net result for the year
-€89,554
Depreciation
+€16,596
Stocks and contracts
-€801,047
Receivables within one year
+€7,189
Smaller working-capital items
-€1,377
Other debts
+€136,100
Investment (derived)
-€51,131
Investment in fixed assets (net)
-€51,131
Financing
+€776,888
Debts after one year
+€30,000
Current portion of long-term debt
+€746,888
Cash 2025
€8,946
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,541 | €1,610,597 | +€822,056 | +104% |
| Formation expenses | 20 | €22,324 | €56,859 | +€34,535 | +155% |
| Current assets | 29/58 | €766,217 | €1,553,739 | +€787,521 | +103% |
| Stocks and contracts in progress | 3 | €558,167 | €1,359,214 | +€801,047 | +144% |
| Stocks | 30/36 | €558,167 | €1,359,214 | +€801,047 | +144% |
| Amounts receivable within one year | 40/41 | €192,768 | €185,579 | -€7,189 | -3.7% |
| Trade receivables | 40 | €12,462 | €13,703 | +€1,241 | +10.0% |
| Other amounts receivable | 41 | €180,306 | €171,876 | -€8,430 | -4.7% |
| Cash at bank and in hand | 54/58 | €15,282 | €8,946 | -€6,336 | -41.5% |
| Total equity and liabilities | 10/49 | €788,541 | €1,610,597 | +€822,056 | +104% |
| Equity | 10/15 | -€352,238 | -€441,793 | -€89,554 | -25.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€452,238 | -€541,793 | -€89,554 | -19.8% |
| Amounts payable | 17/49 | €1,140,780 | €2,052,390 | +€911,610 | +79.9% |
| Amounts payable after more than one year | 17 | €1,010,000 | €1,040,000 | +€30,000 | +3.0% |
| Financial debts | 170/4 | €1,010,000 | €1,040,000 | +€30,000 | +3.0% |
| Amounts payable within one year | 42/48 | €129,530 | €1,011,390 | +€881,860 | +681% |
| Current portion of amounts payable after more than one year | 42 | €0 | €746,888 | +€746,888 | |
| Trade debts | 44 | €1,127 | €0 | -€1,127 | -100% |
| Suppliers | 440/4 | €1,127 | - | -€1,127 | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €128,402 | €264,503 | +€136,100 | +106% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,000 | -€250 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,432 | €16,596 | +€5,164 | +45.2% |
| Other operating charges | 640/8 | €2,684 | €4,678 | +€1,994 | +74.3% |
| Gross operating margin | 9900 | €2,696 | -€30,515 | -€33,211 | |
| Operating profit (loss) | 9901 | -€11,420 | -€51,789 | -€40,369 | -353% |
| Financial charges | 65/66B | €32,559 | €37,765 | +€5,206 | +16.0% |
| Recurring financial charges | 65 | €32,559 | €37,765 | +€5,206 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,979 | -€89,554 | -€45,575 | -104% |
| Profit (loss) for the period | 9904 | -€43,979 | -€89,554 | -€45,575 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,979 | -€89,554 | -€45,575 | -104% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.