EUROFOREST: 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.
EUROFOREST
Largest movements
- Tangible fixed assets -€19,724
down €19,724 (-25.5%), from €77,282 to €57,558
of which Furniture and vehicles: -€17,828
- Cash -€4,446
down €4,446 (-25.8%), from €17,208 to €12,762
mainly Other debts (-€22,225) and Debts after one year (-€7,678)
- Receivables within one year -€2,634
down €2,634 (-35.0%), from €7,523 to €4,889
- Other debts -€22,225
down €22,225 (-58.4%), from €38,074 to €15,849
- Debts after one year -€7,678
down €7,678 (-26.1%), from €29,434 to €21,756
- Tax, wage and social debts +€6,854
up €6,854 (+49.9%), from €13,745 to €20,599
of which Remuneration and social security: +€5,043
- Trade debts -€5,858
down €5,858 (-40.5%), from €14,468 to €8,610
- Profit (loss) carried forward +€1,459
up €1,459 (+12.2%), from -€11,913 to -€10,454
- Gross operating margin +€6,407
up €6,407 (+9.7%), from €66,200 to €72,607
- Staff costs -€6,124
down €6,124 (-12.3%), from €49,617 to €43,493
- Depreciation +€5,996
up €5,996 (+43.7%), from €13,727 to €19,723
- Taxes +€2,862
up €2,862 (+115%), from €2,485 to €5,347
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 | €111,576 | €84,128 | -€27,448 | -24.6% |
| Fixed assets | 21/28 | €77,282 | €57,558 | -€19,724 | -25.5% |
| Tangible fixed assets | 22/27 | €77,282 | €57,558 | -€19,724 | -25.5% |
| Furniture and vehicles | 24 | €60,050 | €42,222 | -€17,828 | -29.7% |
| Other tangible fixed assets | 26 | €17,232 | €15,336 | -€1,896 | -11.0% |
| Current assets | 29/58 | €34,294 | €26,570 | -€7,724 | -22.5% |
| Stocks and contracts in progress | 3 | €6,500 | €6,960 | +€460 | +7.1% |
| Stocks | 30/36 | €6,500 | €6,960 | +€460 | +7.1% |
| Amounts receivable within one year | 40/41 | €7,523 | €4,889 | -€2,634 | -35.0% |
| Trade receivables | 40 | €7,523 | €4,889 | -€2,634 | -35.0% |
| Cash at bank and in hand | 54/58 | €17,208 | €12,762 | -€4,446 | -25.8% |
| Deferred charges and accrued income | 490/1 | €3,063 | €1,959 | -€1,104 | -36.0% |
| Total equity and liabilities | 10/49 | €111,576 | €84,128 | -€27,448 | -24.6% |
| Equity | 10/15 | €7,487 | €8,946 | +€1,459 | +19.5% |
| Contributions | 10/11 | €19,400 | €19,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,913 | -€10,454 | +€1,459 | +12.2% |
| Amounts payable | 17/49 | €104,089 | €75,182 | -€28,907 | -27.8% |
| Amounts payable after more than one year | 17 | €29,434 | €21,756 | -€7,678 | -26.1% |
| Financial debts | 170/4 | €29,434 | €21,756 | -€7,678 | -26.1% |
| Amounts payable within one year | 42/48 | €73,966 | €52,737 | -€21,229 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €7,679 | €7,679 | = | 0.0% |
| Trade debts | 44 | €14,468 | €8,610 | -€5,858 | -40.5% |
| Suppliers | 440/4 | €14,468 | €8,610 | -€5,858 | -40.5% |
| Taxes, remuneration and social security | 45 | €13,745 | €20,599 | +€6,854 | +49.9% |
| Taxes | 450/3 | €10,909 | €12,720 | +€1,811 | +16.6% |
| Remuneration and social security | 454/9 | €2,836 | €7,879 | +€5,043 | +178% |
| Other amounts payable | 47/48 | €38,074 | €15,849 | -€22,225 | -58.4% |
| Accrued charges and deferred income | 492/3 | €689 | €689 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €49,617 | €43,493 | -€6,124 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,727 | €19,723 | +€5,996 | +43.7% |
| Other operating charges | 640/8 | €2,061 | €1,430 | -€631 | -30.6% |
| Gross operating margin | 9900 | €66,200 | €72,607 | +€6,407 | +9.7% |
| Operating profit (loss) | 9901 | €795 | €7,961 | +€7,166 | +901% |
| Financial income | 75/76B | €2 | €18 | +€16 | +800% |
| Recurring financial income | 75 | €2 | €18 | +€16 | +800% |
| Financial charges | 65/66B | €650 | €1,173 | +€523 | +80.5% |
| Recurring financial charges | 65 | €650 | €1,173 | +€523 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €147 | €6,806 | +€6,659 | +4,530% |
| Income taxes | 67/77 | €2,485 | €5,347 | +€2,862 | +115% |
| Profit (loss) for the period | 9904 | -€2,338 | €1,459 | +€3,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,338 | €1,459 | +€3,797 |
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 19 October 2026 via checked.be.