EXPLOITATIONS FORESTIERES DE TERCK: what changed
EXPLOITATIONS FORESTIERES DE TERCK
Largest movements
- Receivables within one year -€56,339
down €56,339 (-17.9%), from €315,410 to €259,070
of which Other amounts receivable: -€133,244
- Cash +€51,565
up €51,565 (+86.2%), from €59,828 to €111,393
mainly Net result for the year (+€76,437) and Receivables within one year (+€56,339)
- Tangible fixed assets -€28,787
down €28,787 (-51.1%), from €56,381 to €27,594
of which Furniture and vehicles: -€17,650
- Stocks and contracts +€6,432
up €6,432 (+6.2%), from €103,422 to €109,854
- Reserves +€76,437
up €76,437 (+91.1%), from €83,895 to €160,333
of which Distributable reserves: +€76,437
- Other debts -€69,238
down €69,238 (-37.0%), from €187,171 to €117,933
- Trade debts -€37,147
down €37,147 (-42.2%), from €88,039 to €50,892
- Advances received +€10,378
new in 2025: €10,378
- Current portion of long-term debt -€5,769
down €5,769 (-100%), from €5,769 to €0
- Gross operating margin +€103,266
up €103,266 (+160%), from €64,417 to €167,683
- Taxes +€33,369
up €33,369 (+1,055%), from €3,164 to €36,533
- Staff costs +€3,064
up €3,064 (+11.8%), from €25,913 to €28,977
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,297 | €514,463 | -€24,834 | -4.6% |
| Fixed assets | 21/28 | €56,381 | €27,594 | -€28,787 | -51.1% |
| Tangible fixed assets | 22/27 | €56,381 | €27,594 | -€28,787 | -51.1% |
| Land and buildings | 22 | €1,077 | €891 | -€186 | -17.3% |
| Plant, machinery and equipment | 23 | €34,939 | €23,988 | -€10,951 | -31.3% |
| Furniture and vehicles | 24 | €20,365 | €2,715 | -€17,650 | -86.7% |
| Current assets | 29/58 | €482,916 | €486,869 | +€3,954 | +0.8% |
| Stocks and contracts in progress | 3 | €103,422 | €109,854 | +€6,432 | +6.2% |
| Stocks | 30/36 | €103,422 | €109,854 | +€6,432 | +6.2% |
| Amounts receivable within one year | 40/41 | €315,410 | €259,070 | -€56,339 | -17.9% |
| Trade receivables | 40 | €44,996 | €121,901 | +€76,904 | +171% |
| Other amounts receivable | 41 | €270,413 | €137,170 | -€133,244 | -49.3% |
| Cash at bank and in hand | 54/58 | €59,828 | €111,393 | +€51,565 | +86.2% |
| Deferred charges and accrued income | 490/1 | €4,256 | €6,552 | +€2,296 | +54.0% |
| Total equity and liabilities | 10/49 | €539,297 | €514,463 | -€24,834 | -4.6% |
| Equity | 10/15 | €243,895 | €320,333 | +€76,437 | +31.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €83,895 | €160,333 | +€76,437 | +91.1% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €67,895 | €144,333 | +€76,437 | +113% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €295,402 | €194,131 | -€101,271 | -34.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €295,402 | €194,131 | -€101,271 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €5,769 | €0 | -€5,769 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €88,039 | €50,892 | -€37,147 | -42.2% |
| Suppliers | 440/4 | €88,039 | €50,892 | -€37,147 | -42.2% |
| Advances received on contracts in progress | 46 | - | €10,378 | +€10,378 | |
| Taxes, remuneration and social security | 45 | €14,423 | €14,928 | +€505 | +3.5% |
| Taxes | 450/3 | €11,224 | €11,632 | +€409 | +3.6% |
| Remuneration and social security | 454/9 | €3,199 | €3,296 | +€96 | +3.0% |
| Other amounts payable | 47/48 | €187,171 | €117,933 | -€69,238 | -37.0% |
| Remuneration, social security and pensions | 62 | €25,913 | €28,977 | +€3,064 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,427 | €28,787 | -€1,640 | -5.4% |
| Other operating charges | 640/8 | €2,708 | €1,413 | -€1,295 | -47.8% |
| Gross operating margin | 9900 | €64,417 | €167,683 | +€103,266 | +160% |
| Operating profit (loss) | 9901 | €5,369 | €108,506 | +€103,136 | +1,921% |
| Financial income | 75/76B | €8,279 | €7,447 | -€832 | -10.1% |
| Recurring financial income | 75 | €8,279 | €7,447 | -€832 | -10.1% |
| Financial charges | 65/66B | €2,430 | €2,982 | +€552 | +22.7% |
| Recurring financial charges | 65 | €2,430 | €2,982 | +€552 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €11,218 | €112,970 | +€101,752 | +907% |
| Income taxes | 67/77 | €3,164 | €36,533 | +€33,369 | +1,055% |
| Profit (loss) for the period | 9904 | €8,054 | €76,437 | +€68,383 | +849% |
| Profit (loss) for the period to be appropriated | 9905 | €8,054 | €76,437 | +€68,383 | +849% |
Next steps
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 8 November 2026 via checked.be.