FOREST: 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.
FOREST
Largest movements
- Receivables within one year -€4,237
down €4,237 (-55.3%), from €7,655 to €3,418
- Profit (loss) carried forward -€4,237
down €4,237 (-9.3%), from €45,406 to €41,169
- Depreciation -€2,650
down €2,650 (-100.0%), from €2,650 to €0
- Financial income -€302
down €302 (-62.6%), from €482 to €180
- Gross operating margin +€55
up €55 (+1.4%), from -€3,946 to -€3,891
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,926 | €62,689 | -€4,237 | -6.3% |
| Fixed assets | 21/28 | €59,270 | €59,270 | = | 0.0% |
| Tangible fixed assets | 22/27 | €59,270 | €59,270 | = | 0.0% |
| Land and buildings | 22 | €59,270 | €59,270 | = | 0.0% |
| Current assets | 29/58 | €7,655 | €3,418 | -€4,237 | -55.3% |
| Amounts receivable within one year | 40/41 | €7,655 | €3,418 | -€4,237 | -55.3% |
| Other amounts receivable | 41 | €7,655 | €3,418 | -€4,237 | -55.3% |
| Total equity and liabilities | 10/49 | €66,926 | €62,689 | -€4,237 | -6.3% |
| Equity | 10/15 | €66,926 | €62,689 | -€4,237 | -6.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,520 | €2,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,520 | €2,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,406 | €41,169 | -€4,237 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,650 | €0 | -€2,650 | -100.0% |
| Other operating charges | 640/8 | €520 | €527 | +€7 | +1.3% |
| Gross operating margin | 9900 | -€3,946 | -€3,891 | +€55 | +1.4% |
| Operating profit (loss) | 9901 | -€7,116 | -€4,417 | +€2,698 | +37.9% |
| Financial income | 75/76B | €482 | €180 | -€302 | -62.6% |
| Recurring financial income | 75 | €482 | €180 | -€302 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,634 | -€4,237 | +€2,397 | +36.1% |
| Profit (loss) for the period | 9904 | -€6,634 | -€4,237 | +€2,397 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,634 | -€4,237 | +€2,397 | +36.1% |
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 10 October 2026 via checked.be.