FOREST & LAKES: 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 & LAKES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€1,073
up €1,073 (+21.1%), from €5,078 to €6,151
- Gross operating margin +€709
up €709 (+28.2%), from €2,514 to €3,223
- Financial income +€219
up €219 (+7.7%), from €2,850 to €3,069
- Other operating charges -€215
no longer reported in 2024 (was €215)
From the 2023 result to the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,623 | €463,245 | -€2,379 | -0.5% |
| Fixed assets | 21/28 | €403,537 | €403,537 | = | 0.0% |
| Financial fixed assets | 28 | €403,537 | €403,537 | = | 0.0% |
| Current assets | 29/58 | €62,086 | €59,707 | -€2,379 | -3.8% |
| Amounts receivable after more than one year | 29 | €2,715 | €2,715 | = | 0.0% |
| Other amounts receivable | 291 | €2,715 | €2,715 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,007 | €55,628 | -€2,379 | -4.1% |
| Trade receivables | 40 | €16,124 | €4,861 | -€11,263 | -69.9% |
| Other amounts receivable | 41 | €41,883 | €50,767 | +€8,884 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,365 | = | 0.0% |
| Total equity and liabilities | 10/49 | €465,623 | €463,245 | -€2,379 | -0.5% |
| Equity | 10/15 | €179,323 | €179,347 | +€24 | 0.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €870 | €870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €820 | €820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,453 | €28,477 | +€24 | +0.1% |
| Amounts payable | 17/49 | €286,300 | €283,897 | -€2,403 | -0.8% |
| Amounts payable after more than one year | 17 | €193,463 | €193,463 | = | 0.0% |
| Other amounts payable | 178/9 | €193,463 | €193,463 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,557 | €89,153 | -€2,403 | -2.6% |
| Financial debts | 43 | €72,995 | €73,515 | +€520 | +0.7% |
| Credit institutions | 430/8 | €72,995 | €73,515 | +€520 | +0.7% |
| Trade debts | 44 | €18,562 | €14,667 | -€3,894 | -21.0% |
| Suppliers | 440/4 | €18,562 | €14,667 | -€3,894 | -21.0% |
| Taxes, remuneration and social security | 45 | - | €971 | +€971 | |
| Taxes | 450/3 | - | €971 | +€971 | |
| Accrued charges and deferred income | 492/3 | €1,280 | €1,280 | = | 0.0% |
| Other operating charges | 640/8 | €215 | - | -€215 | |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €2,514 | €3,223 | +€709 | +28.2% |
| Operating profit (loss) | 9901 | €2,299 | €3,106 | +€807 | +35.1% |
| Financial income | 75/76B | €2,850 | €3,069 | +€219 | +7.7% |
| Recurring financial income | 75 | €2,850 | €3,069 | +€219 | +7.7% |
| Financial charges | 65/66B | €5,078 | €6,151 | +€1,073 | +21.1% |
| Recurring financial charges | 65 | €5,078 | €6,151 | +€1,073 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €71 | €24 | -€47 | -65.9% |
| Profit (loss) for the period | 9904 | €71 | €24 | -€47 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71 | €24 | -€47 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.