DEFOREST: 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.
DEFOREST
Largest movements
- Cash +€36,822
up €36,822 (+42.0%), from €87,632 to €124,454
mainly Trade debts (+€72,771) and Depreciation (+€26,992)
- Receivables within one year +€22,846
up €22,846 (+18.9%), from €121,141 to €143,988
of which Other amounts receivable: +€47,245
- Stocks and contracts +€19,846
up €19,846 (+9.8%), from €201,577 to €221,423
- Tangible fixed assets +€6,096
up €6,096 (+6.2%), from €97,815 to €103,911
of which Furniture and vehicles: +€5,298
- Trade debts +€72,771
up €72,771 (+32.6%), from €223,339 to €296,110
- Profit (loss) carried forward +€20,262
up €20,262 (+69.1%), from -€29,338 to -€9,076
- Other debts -€13,521
down €13,521 (-9.7%), from €139,703 to €126,182
- Tax, wage and social debts +€9,334
up €9,334 (+44.7%), from €20,895 to €30,229
of which Taxes: +€8,713
- Gross operating margin +€68,001
up €68,001 (+34.0%), from €199,772 to €267,773
- Staff costs +€60,293
up €60,293 (+48.3%), from €124,827 to €185,120
- Other operating charges -€10,748
down €10,748 (-21.8%), from €49,203 to €38,456
- Depreciation +€4,677
up €4,677 (+21.0%), from €22,315 to €26,992
- Financial income +€4,257
up €4,257 (+25.6%), from €16,646 to €20,903
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.
Derived cash bridge
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 | €518,850 | €602,696 | +€83,846 | +16.2% |
| Fixed assets | 21/28 | €102,830 | €108,926 | +€6,096 | +5.9% |
| Tangible fixed assets | 22/27 | €97,815 | €103,911 | +€6,096 | +6.2% |
| Plant, machinery and equipment | 23 | €90,301 | €91,099 | +€798 | +0.9% |
| Furniture and vehicles | 24 | €7,514 | €12,812 | +€5,298 | +70.5% |
| Financial fixed assets | 28 | €5,015 | €5,015 | = | 0.0% |
| Current assets | 29/58 | €416,020 | €493,770 | +€77,750 | +18.7% |
| Stocks and contracts in progress | 3 | €201,577 | €221,423 | +€19,846 | +9.8% |
| Stocks | 30/36 | €201,577 | €221,423 | +€19,846 | +9.8% |
| Amounts receivable within one year | 40/41 | €121,141 | €143,988 | +€22,846 | +18.9% |
| Trade receivables | 40 | €114,939 | €90,541 | -€24,398 | -21.2% |
| Other amounts receivable | 41 | €6,202 | €53,447 | +€47,245 | +762% |
| Cash at bank and in hand | 54/58 | €87,632 | €124,454 | +€36,822 | +42.0% |
| Deferred charges and accrued income | 490/1 | €5,670 | €3,906 | -€1,764 | -31.1% |
| Total equity and liabilities | 10/49 | €518,850 | €602,696 | +€83,846 | +16.2% |
| Equity | 10/15 | -€8,887 | €11,375 | +€20,262 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,338 | -€9,076 | +€20,262 | +69.1% |
| Amounts payable | 17/49 | €527,737 | €591,321 | +€63,584 | +12.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €527,737 | €591,321 | +€63,584 | +12.0% |
| Financial debts | 43 | €143,800 | €138,800 | -€5,000 | -3.5% |
| Credit institutions | 430/8 | €143,800 | €138,800 | -€5,000 | -3.5% |
| Trade debts | 44 | €223,339 | €296,110 | +€72,771 | +32.6% |
| Suppliers | 440/4 | €223,339 | €296,110 | +€72,771 | +32.6% |
| Taxes, remuneration and social security | 45 | €20,895 | €30,229 | +€9,334 | +44.7% |
| Taxes | 450/3 | €10,883 | €19,596 | +€8,713 | +80.1% |
| Remuneration and social security | 454/9 | €10,012 | €10,633 | +€621 | +6.2% |
| Other amounts payable | 47/48 | €139,703 | €126,182 | -€13,521 | -9.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €124,827 | €185,120 | +€60,293 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,315 | €26,992 | +€4,677 | +21.0% |
| Other operating charges | 640/8 | €49,203 | €38,456 | -€10,748 | -21.8% |
| Gross operating margin | 9900 | €199,772 | €267,773 | +€68,001 | +34.0% |
| Operating profit (loss) | 9901 | €3,426 | €17,205 | +€13,779 | +402% |
| Financial income | 75/76B | €16,646 | €20,903 | +€4,257 | +25.6% |
| Recurring financial income | 75 | €16,646 | €20,903 | +€4,257 | +25.6% |
| Financial charges | 65/66B | €16,824 | €17,845 | +€1,020 | +6.1% |
| Recurring financial charges | 65 | €16,824 | €17,845 | +€1,020 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €3,247 | €20,264 | +€17,016 | +524% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €3,247 | €20,262 | +€17,015 | +524% |
| Profit (loss) for the period to be appropriated | 9905 | €3,247 | €20,262 | +€17,015 | +524% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.