CONTACT FORESTIER: 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.
CONTACT FORESTIER
Largest movements
- Cash +€109,408
up €109,408 (+72.7%), from €150,396 to €259,804
mainly Net result for the year (+€76,690) and Investment in fixed assets (net) (+€56,419)
- Tangible fixed assets -€77,036
down €77,036 (-88.4%), from €87,140 to €10,104
of which Land and buildings: -€56,419
- Receivables after one year -€44,318
down €44,318 (-100.0%), from €44,318 to €0
- Receivables within one year -€29,783
down €29,783 (-15.1%), from €196,733 to €166,950
of which Trade receivables: -€42,503
- Intangible fixed assets -€18,160
down €18,160 (-79.7%), from €22,796 to €4,636
- Reserves -€37,082
down €37,082 (-8.2%), from €454,118 to €417,036
of which Distributable reserves: -€36,261
- Other debts +€36,326
new in 2025: €36,326
- Trade debts -€34,873
down €34,873 (-40.5%), from €86,122 to €51,250
- Debts after one year -€31,378
down €31,378 (-88.7%), from €35,395 to €4,016
- Tax, wage and social debts +€9,212
up €9,212 (+33.9%), from €27,206 to €36,419
of which Taxes: +€8,068
- Gross operating margin +€19,349
up €19,349 (+10.5%), from €184,801 to €204,150
- Other operating charges +€18,128
up €18,128 (+671%), from €2,703 to €20,831
- Staff costs +€14,647
up €14,647 (+85.6%), from €17,105 to €31,752
- Taxes -€2,696
down €2,696 (-7.1%), from €37,818 to €35,122
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 | €674,586 | €599,689 | -€74,897 | -11.1% |
| Fixed assets | 21/28 | €109,936 | €14,740 | -€95,196 | -86.6% |
| Intangible fixed assets | 21 | €22,796 | €4,636 | -€18,160 | -79.7% |
| Tangible fixed assets | 22/27 | €87,140 | €10,104 | -€77,036 | -88.4% |
| Land and buildings | 22 | €56,419 | €0 | -€56,419 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €30,721 | €10,104 | -€20,617 | -67.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €564,650 | €584,949 | +€20,299 | +3.6% |
| Amounts receivable after more than one year | 29 | €44,318 | €0 | -€44,318 | -100.0% |
| Other amounts receivable | 291 | €44,318 | €0 | -€44,318 | -100.0% |
| Stocks and contracts in progress | 3 | €170,852 | €158,195 | -€12,657 | -7.4% |
| Stocks | 30/36 | €170,852 | €158,195 | -€12,657 | -7.4% |
| Amounts receivable within one year | 40/41 | €196,733 | €166,950 | -€29,783 | -15.1% |
| Trade receivables | 40 | €156,051 | €113,549 | -€42,503 | -27.2% |
| Other amounts receivable | 41 | €40,681 | €53,402 | +€12,720 | +31.3% |
| Cash at bank and in hand | 54/58 | €150,396 | €259,804 | +€109,408 | +72.7% |
| Deferred charges and accrued income | 490/1 | €2,351 | €0 | -€2,351 | -100% |
| Total equity and liabilities | 10/49 | €674,586 | €599,689 | -€74,897 | -11.1% |
| Equity | 10/15 | €504,118 | €458,822 | -€45,296 | -9.0% |
| Contributions | 10/11 | €50,000 | €41,786 | -€8,214 | -16.4% |
| Reserves | 13 | €454,118 | €417,036 | -€37,082 | -8.2% |
| Non-distributable reserves | 130/1 | €5,000 | €4,179 | -€821 | -16.4% |
| Reserves not available under the articles | 1311 | €5,000 | €4,179 | -€821 | -16.4% |
| Distributable reserves | 133 | €449,118 | €412,857 | -€36,261 | -8.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €170,468 | €140,867 | -€29,601 | -17.4% |
| Amounts payable after more than one year | 17 | €35,395 | €4,016 | -€31,378 | -88.7% |
| Financial debts | 170/4 | €35,395 | €4,016 | -€31,378 | -88.7% |
| Amounts payable within one year | 42/48 | €135,073 | €136,850 | +€1,777 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,745 | €12,857 | -€8,888 | -40.9% |
| Trade debts | 44 | €86,122 | €51,250 | -€34,873 | -40.5% |
| Suppliers | 440/4 | €86,122 | €51,250 | -€34,873 | -40.5% |
| Taxes, remuneration and social security | 45 | €27,206 | €36,419 | +€9,212 | +33.9% |
| Taxes | 450/3 | €24,282 | €32,350 | +€8,068 | +33.2% |
| Remuneration and social security | 454/9 | €2,924 | €4,068 | +€1,144 | +39.1% |
| Other amounts payable | 47/48 | - | €36,326 | +€36,326 | |
| Remuneration, social security and pensions | 62 | €17,105 | €31,752 | +€14,647 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,053 | €38,777 | -€1,277 | -3.2% |
| Other operating charges | 640/8 | €2,703 | €20,831 | +€18,128 | +671% |
| Gross operating margin | 9900 | €184,801 | €204,150 | +€19,349 | +10.5% |
| Operating profit (loss) | 9901 | €124,939 | €112,790 | -€12,149 | -9.7% |
| Financial income | 75/76B | €3,248 | €2,643 | -€605 | -18.6% |
| Recurring financial income | 75 | €3,248 | €2,643 | -€605 | -18.6% |
| Financial charges | 65/66B | €4,289 | €3,621 | -€668 | -15.6% |
| Recurring financial charges | 65 | €4,289 | €3,621 | -€668 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €123,898 | €111,812 | -€12,086 | -9.8% |
| Income taxes | 67/77 | €37,818 | €35,122 | -€2,696 | -7.1% |
| Profit (loss) for the period | 9904 | €86,080 | €76,690 | -€9,390 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,080 | €76,690 | -€9,390 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.