FOREST AVENUE GROUP: what changed
FOREST AVENUE GROUP
Largest movements
- Receivables within one year +€5,941
up €5,941 (+8.6%), from €68,860 to €74,801
- Other debts -€30,532
down €30,532 (-72.6%), from €42,034 to €11,502
- Reserves +€12,592
up €12,592 (+14.8%), from €85,195 to €97,787
- Trade debts +€10,192
up €10,192 (+112%), from €9,116 to €19,309
- Tax, wage and social debts +€6,977
up €6,977 (+48.6%), from €14,345 to €21,322
- Short-term financial debts +€6,313
up €6,313 (+50.2%), from €12,573 to €18,887
- Gross operating margin -€5,953
down €5,953 (-18.2%), from €32,770 to €26,816
- Taxes -€1,116
down €1,116 (-10.1%), from €11,090 to €9,974
- Financial charges -€428
down €428 (-17.9%), from €2,397 to €1,969
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,944 | €175,487 | +€5,543 | +3.3% |
| Fixed assets | 21/28 | €99,025 | €99,025 | = | 0.0% |
| Financial fixed assets | 28 | €99,025 | €99,025 | = | 0.0% |
| Current assets | 29/58 | €70,919 | €76,462 | +€5,543 | +7.8% |
| Amounts receivable within one year | 40/41 | €68,860 | €74,801 | +€5,941 | +8.6% |
| Trade receivables | 40 | €68,860 | €74,801 | +€5,941 | +8.6% |
| Deferred charges and accrued income | 490/1 | €2,059 | €1,660 | -€399 | -19.4% |
| Total equity and liabilities | 10/49 | €169,944 | €175,487 | +€5,543 | +3.3% |
| Equity | 10/15 | €91,875 | €104,467 | +€12,592 | +13.7% |
| Contributions | 10/11 | €6,680 | €6,680 | = | 0.0% |
| Reserves | 13 | €85,195 | €97,787 | +€12,592 | +14.8% |
| Distributable reserves | 133 | €85,195 | €97,787 | +€12,592 | +14.8% |
| Amounts payable | 17/49 | €78,068 | €71,019 | -€7,049 | -9.0% |
| Amounts payable within one year | 42/48 | €78,068 | €71,019 | -€7,049 | -9.0% |
| Financial debts | 43 | €12,573 | €18,887 | +€6,313 | +50.2% |
| Credit institutions | 430/8 | €12,573 | €18,887 | +€6,313 | +50.2% |
| Trade debts | 44 | €9,116 | €19,309 | +€10,192 | +112% |
| Suppliers | 440/4 | €9,116 | €19,309 | +€10,192 | +112% |
| Taxes, remuneration and social security | 45 | €14,345 | €21,322 | +€6,977 | +48.6% |
| Taxes | 450/3 | €14,345 | €21,322 | +€6,977 | +48.6% |
| Other amounts payable | 47/48 | €42,034 | €11,502 | -€30,532 | -72.6% |
| Other operating charges | 640/8 | €940 | €615 | -€325 | -34.5% |
| Gross operating margin | 9900 | €32,770 | €26,816 | -€5,953 | -18.2% |
| Operating profit (loss) | 9901 | €31,829 | €26,201 | -€5,629 | -17.7% |
| Financial charges | 65/66B | €2,397 | €1,969 | -€428 | -17.9% |
| Recurring financial charges | 65 | €2,397 | €1,969 | -€428 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €29,432 | €24,231 | -€5,200 | -17.7% |
| Income taxes | 67/77 | €11,090 | €9,974 | -€1,116 | -10.1% |
| Profit (loss) for the period | 9904 | €18,342 | €14,258 | -€4,084 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,342 | €14,258 | -€4,084 | -22.3% |
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 7 November 2026 via checked.be.