DEEP FOREST: 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.
DEEP FOREST
Largest movements
- Cash -€18,274
down €18,274 (-29.2%), from €62,529 to €44,255
mainly Contributions, distributions and other (-€163,000) and Other debts (-€45,000)
- Receivables within one year -€13,188
down €13,188 (-17.0%), from €77,692 to €64,504
of which Other amounts receivable: -€28,590
- Other debts -€45,000
down €45,000 (-41.7%), from €108,000 to €63,000
- Tax, wage and social debts +€11,526
up €11,526 (+84.0%), from €13,726 to €25,253
- Trade debts +€3,430
up €3,430 (+142.8%), from €2,402 to €5,832
- Gross operating margin +€73,611
up €73,611 (+53.8%), from €136,780 to €210,391
- Taxes +€18,070
up €18,070 (+60.0%), from €30,130 to €48,200
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 | €144,913 | €112,974 | -€31,939 | -22.0% |
| Fixed assets | 21/28 | €4,635 | €3,625 | -€1,010 | -21.8% |
| Tangible fixed assets | 22/27 | €4,635 | €3,625 | -€1,010 | -21.8% |
| Furniture and vehicles | 24 | €2,035 | €1,025 | -€1,010 | -49.6% |
| Other tangible fixed assets | 26 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €140,278 | €109,348 | -€30,930 | -22.0% |
| Amounts receivable within one year | 40/41 | €77,692 | €64,504 | -€13,188 | -17.0% |
| Trade receivables | 40 | €29,245 | €44,647 | +€15,402 | +52.7% |
| Other amounts receivable | 41 | €48,447 | €19,857 | -€28,590 | -59.0% |
| Cash at bank and in hand | 54/58 | €62,529 | €44,255 | -€18,274 | -29.2% |
| Deferred charges and accrued income | 490/1 | €57 | €589 | +€533 | +942.3% |
| Total equity and liabilities | 10/49 | €144,913 | €112,974 | -€31,939 | -22.0% |
| Equity | 10/15 | €19,343 | €18,889 | -€454 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €751 | €297 | -€454 | -60.4% |
| Amounts payable | 17/49 | €125,570 | €94,084 | -€31,486 | -25.1% |
| Amounts payable within one year | 42/48 | €124,128 | €94,084 | -€30,044 | -24.2% |
| Trade debts | 44 | €2,402 | €5,832 | +€3,430 | +142.8% |
| Suppliers | 440/4 | €2,402 | €5,832 | +€3,430 | +142.8% |
| Taxes, remuneration and social security | 45 | €13,726 | €25,253 | +€11,526 | +84.0% |
| Taxes | 450/3 | €13,726 | €25,253 | +€11,526 | +84.0% |
| Other amounts payable | 47/48 | €108,000 | €63,000 | -€45,000 | -41.7% |
| Accrued charges and deferred income | 492/3 | €1,442 | - | -€1,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174 | €1,010 | -€164 | -14.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €136,780 | €210,391 | +€73,611 | +53.8% |
| Operating profit (loss) | 9901 | €135,219 | €208,981 | +€73,763 | +54.6% |
| Financial income | 75/76B | €2,813 | €1,861 | -€952 | -33.8% |
| Recurring financial income | 75 | €2,813 | €1,861 | -€952 | -33.8% |
| Financial charges | 65/66B | €80 | €96 | +€16 | +20.7% |
| Recurring financial charges | 65 | €80 | €96 | +€16 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €137,952 | €210,746 | +€72,794 | +52.8% |
| Income taxes | 67/77 | €30,130 | €48,200 | +€18,070 | +60.0% |
| Profit (loss) for the period | 9904 | €107,822 | €162,546 | +€54,724 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,822 | €162,546 | +€54,724 | +50.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.