FOREST-COM: 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.
FOREST-COM
Largest movements
- Tangible fixed assets -€59,288
down €59,288 (-58.0%), from €102,218 to €42,930
of which Furniture and vehicles: -€48,481
- Receivables within one year -€17,454
down €17,454 (-36.9%), from €47,237 to €29,783
of which Trade receivables: -€15,783
- Stocks and contracts +€11,688
up €11,688 (+11.3%), from €103,696 to €115,384
- Cash -€4,532
down €4,532 (-14.2%), from €31,835 to €27,304
mainly Net result for the year (-€39,384) and Other debts (-€29,944)
- Profit (loss) carried forward -€39,384
down €39,384 (-19.9%), from -€197,739 to -€237,124
- Other debts -€29,944
down €29,944 (-7.3%), from €411,189 to €381,244
- Gross operating margin -€29,681
down €29,681, from €21,807 to -€7,874
- Depreciation -€8,430
down €8,430 (-21.2%), from €39,718 to €31,288
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 | €286,190 | €216,862 | -€69,327 | -24.2% |
| Fixed assets | 21/28 | €102,218 | €42,930 | -€59,288 | -58.0% |
| Tangible fixed assets | 22/27 | €102,218 | €42,930 | -€59,288 | -58.0% |
| Plant, machinery and equipment | 23 | €39,738 | €28,932 | -€10,807 | -27.2% |
| Furniture and vehicles | 24 | €62,480 | €13,998 | -€48,481 | -77.6% |
| Current assets | 29/58 | €183,972 | €173,932 | -€10,039 | -5.5% |
| Stocks and contracts in progress | 3 | €103,696 | €115,384 | +€11,688 | +11.3% |
| Stocks | 30/36 | €103,696 | €115,384 | +€11,688 | +11.3% |
| Amounts receivable within one year | 40/41 | €47,237 | €29,783 | -€17,454 | -36.9% |
| Trade receivables | 40 | €45,028 | €29,245 | -€15,783 | -35.1% |
| Other amounts receivable | 41 | €2,209 | €538 | -€1,671 | -75.6% |
| Cash at bank and in hand | 54/58 | €31,835 | €27,304 | -€4,532 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,203 | €1,461 | +€258 | +21.4% |
| Total equity and liabilities | 10/49 | €286,190 | €216,862 | -€69,327 | -24.2% |
| Equity | 10/15 | -€147,739 | -€187,124 | -€39,384 | -26.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,739 | -€237,124 | -€39,384 | -19.9% |
| Amounts payable | 17/49 | €433,929 | €403,986 | -€29,943 | -6.9% |
| Amounts payable within one year | 42/48 | €433,906 | €403,986 | -€29,920 | -6.9% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €22,543 | €22,741 | +€199 | +0.9% |
| Suppliers | 440/4 | €22,543 | €22,741 | +€199 | +0.9% |
| Taxes, remuneration and social security | 45 | €165 | - | -€165 | |
| Taxes | 450/3 | €165 | - | -€165 | |
| Other amounts payable | 47/48 | €411,189 | €381,244 | -€29,944 | -7.3% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,718 | €31,288 | -€8,430 | -21.2% |
| Other operating charges | 640/8 | €128 | €69 | -€59 | -46.3% |
| Gross operating margin | 9900 | €21,807 | -€7,874 | -€29,681 | |
| Operating profit (loss) | 9901 | -€18,039 | -€39,231 | -€21,192 | -117.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1900.0% |
| Financial charges | 65/66B | €241 | €154 | -€86 | -35.8% |
| Recurring financial charges | 65 | €241 | €154 | -€86 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,279 | -€39,384 | -€21,105 | -115.5% |
| Profit (loss) for the period | 9904 | -€18,279 | -€39,384 | -€21,105 | -115.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,279 | -€39,384 | -€21,105 | -115.5% |
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 28 September 2026 via checked.be.