FLOREST: what changed
Two fiscal 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.
FLOREST
Largest movements
- Tangible fixed assets +€182,454
up €182,454 (+116.6%), from €156,517 to €338,971
of which Land and buildings: +€185,875
- Receivables within one year +€15,842
up €15,842 (+229.9%), from €6,891 to €22,733
- Revaluation surpluses +€197,540
up €197,540 (+109.7%), from €180,000 to €377,540
- Debts after one year +€8,191
up €8,191 (+3.2%), from €256,448 to €264,639
- Profit (loss) carried forward -€8,101
down €8,101 (-2.6%), from -€317,181 to -€325,282
- Financial charges +€9,067
up €9,067 (+78.9%), from €11,491 to €20,558
- Depreciation -€5,507
down €5,507 (-24.5%), from €22,466 to €16,959
- Other operating charges -€1,323
down €1,323 (-37.1%), from €3,570 to €2,247
- Gross operating margin +€821
up €821 (+2.7%), from €30,397 to €31,217
- Financial income +€446
new in 2025: €446
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 | €168,458 | €364,183 | +€195,726 | +116.2% |
| Formation expenses | 20 | €4,353 | €2,479 | -€1,873 | -43.0% |
| Fixed assets | 21/28 | €156,517 | €338,971 | +€182,454 | +116.6% |
| Tangible fixed assets | 22/27 | €156,517 | €338,971 | +€182,454 | +116.6% |
| Land and buildings | 22 | €142,399 | €328,274 | +€185,875 | +130.5% |
| Plant, machinery and equipment | 23 | €38 | - | -€38 | |
| Furniture and vehicles | 24 | €9,251 | €6,541 | -€2,710 | -29.3% |
| Other tangible fixed assets | 26 | €4,829 | €4,157 | -€673 | -13.9% |
| Current assets | 29/58 | €7,588 | €22,733 | +€15,145 | +199.6% |
| Amounts receivable within one year | 40/41 | €6,891 | €22,733 | +€15,842 | +229.9% |
| Other amounts receivable | 41 | €6,891 | €22,733 | +€15,842 | +229.9% |
| Cash at bank and in hand | 54/58 | €697 | - | -€697 | |
| Total equity and liabilities | 10/49 | €168,458 | €364,183 | +€195,726 | +116.2% |
| Equity | 10/15 | -€100,881 | €88,558 | +€189,439 | |
| Contributions | 10/11 | €23,300 | €23,300 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €377,540 | +€197,540 | +109.7% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | €5,000 | - | -€5,000 | |
| Distributable reserves | 133 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Profit (loss) carried forward | 14 | -€317,181 | -€325,282 | -€8,101 | -2.6% |
| Amounts payable | 17/49 | €269,339 | €275,625 | +€6,287 | +2.3% |
| Amounts payable after more than one year | 17 | €256,448 | €264,639 | +€8,191 | +3.2% |
| Financial debts | 170/4 | €256,448 | €264,639 | +€8,191 | +3.2% |
| Amounts payable within one year | 42/48 | €12,891 | €10,986 | -€1,905 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €8,818 | €7,911 | -€907 | -10.3% |
| Financial debts | 43 | - | €109 | +€109 | |
| Credit institutions | 430/8 | - | €109 | +€109 | |
| Trade debts | 44 | €4,072 | €2,966 | -€1,106 | -27.2% |
| Suppliers | 440/4 | €4,072 | €2,966 | -€1,106 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,466 | €16,959 | -€5,507 | -24.5% |
| Other operating charges | 640/8 | €3,570 | €2,247 | -€1,323 | -37.1% |
| Gross operating margin | 9900 | €30,397 | €31,217 | +€821 | +2.7% |
| Operating profit (loss) | 9901 | €4,361 | €12,011 | +€7,650 | +175.4% |
| Financial income | 75/76B | - | €446 | +€446 | |
| Recurring financial income | 75 | - | €446 | +€446 | |
| Financial charges | 65/66B | €11,491 | €20,558 | +€9,067 | +78.9% |
| Recurring financial charges | 65 | €11,491 | €20,558 | +€9,067 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,130 | -€8,101 | -€971 | -13.6% |
| Income taxes | 67/77 | -€370 | - | +€370 | |
| Profit (loss) for the period | 9904 | -€6,761 | -€8,101 | -€1,340 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,761 | -€8,101 | -€1,340 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.