EXPLOITATIONS FORESTIERES PHILIPPE CORNET: what changed
What changed
EXPLOITATIONS FORESTIERES PHILIPPE CORNET
NACE 02.100, Forestry and logging
filed annual accounts (NBB)
Net result for the year
€52,348
2024 · -€18,430+€70,778
Equity
€1.5m
2024 · €1.4m+€85,515
Cash
€13,440
2024 · €70,154-€56,714
Balance sheet total
€5.3m
2024 · €5.4m-€85,774
Largest movements
Assets
- Receivables within one year +€503,998
up €503,998 (+21.8%), from €2.3m to €2.8m
of which Other amounts receivable: +€2.0m
- Stocks and contracts -€325,210
down €325,210 (-100%), from €325,210 to €0
- Tangible fixed assets -€192,577
down €192,577 (-7.4%), from €2.6m to €2.4m
of which Plant, machinery and equipment: -€289,043
- Cash -€56,714
down €56,714 (-80.8%), from €70,154 to €13,440
mainly Receivables within one year (-€503,998) and Investment in fixed assets (net) (-€286,152)
Equity and liabilities
- Debts after one year -€261,779
down €261,779 (-8.4%), from €3.1m to €2.9m
- Trade debts +€93,716
up €93,716 (+39.8%), from €235,296 to €329,011
- Profit (loss) carried forward +€61,994
up €61,994 (+12.6%), from €490,559 to €552,553
Income statement
- Gross operating margin +€141,735
up €141,735 (+13.7%), from €1.0m to €1.2m
- Depreciation +€62,861
up €62,861 (+14.6%), from €430,529 to €493,390
- Financial income +€28,991
up €28,991 (+127%), from €22,792 to €51,784
- Staff costs +€22,295
up €22,295 (+4.5%), from €496,450 to €518,745
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.
Result 2024
-€18,430
Gross operating margin
+€141,735
Staff costs
-€22,295
Depreciation
-€62,861
Other operating charges
+€284
Other operating items
+€2,700
Financial income
+€28,991
Financial charges
-€6,272
Taxes
-€11,504
Result 2025
€52,348
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€474,899
Investment
-€286,152
Financing
-€245,460
Cash 2024
€70,154
From operations (derived)
+€474,899
Net result for the year
+€52,348
Depreciation
+€493,390
Stocks and contracts
+€325,210
Receivables within one year
-€503,998
Deferred charges and accrued income
+€611
Provisions
-€3,215
Trade debts
+€93,716
Tax, wage and social debts
+€18,938
Accrued charges and deferred income
-€2,100
Investment (derived)
-€286,152
Investment in fixed assets (net)
-€286,152
Financing
-€245,460
Debts after one year
-€261,779
Current portion of long-term debt
-€16,848
Contributions, distributions and other
+€33,167
Cash 2025
€13,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,383,314 | €5,297,540 | -€85,774 | -1.6% |
| Fixed assets | 21/28 | €2,637,770 | €2,430,533 | -€207,238 | -7.9% |
| Tangible fixed assets | 22/27 | €2,593,623 | €2,401,046 | -€192,577 | -7.4% |
| Land and buildings | 22 | €1,420,869 | €1,323,874 | -€96,996 | -6.8% |
| Plant, machinery and equipment | 23 | €988,307 | €699,264 | -€289,043 | -29.2% |
| Furniture and vehicles | 24 | €19,323 | €7,917 | -€11,406 | -59.0% |
| Leasing and similar rights | 25 | €165,123 | €369,991 | +€204,867 | +124% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €44,147 | €29,487 | -€14,660 | -33.2% |
| Current assets | 29/58 | €2,745,544 | €2,867,007 | +€121,463 | +4.4% |
| Stocks and contracts in progress | 3 | €325,210 | €0 | -€325,210 | -100% |
| Stocks | 30/36 | €325,210 | €0 | -€325,210 | -100% |
| Amounts receivable within one year | 40/41 | €2,316,830 | €2,820,828 | +€503,998 | +21.8% |
| Trade receivables | 40 | €1,750,560 | €296,356 | -€1.5m | -83.1% |
| Other amounts receivable | 41 | €566,270 | €2,524,472 | +€2.0m | +346% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €70,154 | €13,440 | -€56,714 | -80.8% |
| Deferred charges and accrued income | 490/1 | €33,351 | €32,739 | -€611 | -1.8% |
| Total equity and liabilities | 10/49 | €5,383,314 | €5,297,540 | -€85,774 | -1.6% |
| Equity | 10/15 | €1,426,159 | €1,511,674 | +€85,515 | +6.0% |
| Contributions | 10/11 | €496,593 | €496,593 | = | 0.0% |
| Capital | 10 | €496,593 | €496,593 | = | 0.0% |
| Issued capital | 100 | €684,000 | €684,000 | = | 0.0% |
| Uncalled capital | 101 | €187,408 | €187,408 | = | 0.0% |
| Reserves | 13 | €345,617 | €335,971 | -€9,646 | -2.8% |
| Non-distributable reserves | 130/1 | €68,400 | €68,400 | = | 0.0% |
| Legal reserve | 130 | €68,400 | €68,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,505 | €158,858 | -€9,646 | -5.7% |
| Distributable reserves | 133 | €108,712 | €108,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €490,559 | €552,553 | +€61,994 | +12.6% |
| Investment grants | 15 | €93,391 | €126,558 | +€33,167 | +35.5% |
| Provisions and deferred taxes | 16 | €4,502 | €1,286 | -€3,215 | -71.4% |
| Deferred taxes | 168 | €4,502 | €1,286 | -€3,215 | -71.4% |
| Amounts payable | 17/49 | €3,952,653 | €3,784,580 | -€168,074 | -4.3% |
| Amounts payable after more than one year | 17 | €3,130,303 | €2,868,524 | -€261,779 | -8.4% |
| Financial debts | 170/4 | €3,130,303 | €2,868,524 | -€261,779 | -8.4% |
| Amounts payable within one year | 42/48 | €820,250 | €916,056 | +€95,806 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €530,014 | €513,166 | -€16,848 | -3.2% |
| Trade debts | 44 | €235,296 | €329,011 | +€93,716 | +39.8% |
| Suppliers | 440/4 | €235,296 | €329,011 | +€93,716 | +39.8% |
| Taxes, remuneration and social security | 45 | €54,940 | €73,878 | +€18,938 | +34.5% |
| Taxes | 450/3 | €825 | €12,409 | +€11,583 | +1,403% |
| Remuneration and social security | 454/9 | €54,115 | €61,469 | +€7,355 | +13.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,100 | €0 | -€2,100 | -100% |
| Non-recurring operating income | 76A | €8,280 | €10,000 | +€1,720 | +20.8% |
| Remuneration, social security and pensions | 62 | €496,450 | €518,745 | +€22,295 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430,529 | €493,390 | +€62,861 | +14.6% |
| Other operating charges | 640/8 | €41,693 | €41,409 | -€284 | -0.7% |
| Non-recurring operating charges | 66A | €2,700 | €0 | -€2,700 | -100% |
| Gross operating margin | 9900 | €1,033,025 | €1,174,761 | +€141,735 | +13.7% |
| Operating profit (loss) | 9901 | €61,654 | €121,216 | +€59,563 | +96.6% |
| Financial income | 75/76B | €22,792 | €51,784 | +€28,991 | +127% |
| Recurring financial income | 75 | €22,792 | €51,784 | +€28,991 | +127% |
| Financial charges | 65/66B | €105,639 | €111,911 | +€6,272 | +5.9% |
| Recurring financial charges | 65 | €105,639 | €111,911 | +€6,272 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,193 | €61,089 | +€82,282 | |
| Transfer from deferred taxes | 780 | €3,215 | €3,215 | = | 0.0% |
| Income taxes | 67/77 | €453 | €11,956 | +€11,504 | +2,542% |
| Profit (loss) for the period | 9904 | -€18,430 | €52,348 | +€70,778 | |
| Transfer from tax-exempt reserves | 789 | €9,646 | €9,646 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,784 | €61,994 | +€70,778 |
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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 2 November 2026 via checked.be.