FOREST PNEUS: 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 PNEUS
Largest movements
- Cash -€66,045
down €66,045 (-39.3%), from €167,850 to €101,805
mainly Trade debts (-€66,324) and Receivables within one year (-€11,949)
- Receivables within one year +€11,949
up €11,949 (+33.9%), from €35,205 to €47,154
- Stocks and contracts -€10,038
down €10,038 (-12.3%), from €81,459 to €71,421
- Tangible fixed assets -€3,953
no longer reported in 2025 (was €3,953)
- Current investments +€3,000
up €3,000 (+4898.0%), from €61 to €3,061
- Trade debts -€66,324
down €66,324 (-55.1%), from €120,431 to €54,106
- Other debts -€5,442
down €5,442 (-7.8%), from €69,506 to €64,064
- Profit (loss) carried forward +€3,497
up €3,497 (+14.8%), from €23,680 to €27,177
- Tax, wage and social debts +€3,184
up €3,184 (+40.4%), from €7,871 to €11,054
- Turnover -€329,814
no longer reported in 2025 (was €329,814)
- Purchases and services -€270,131
no longer reported in 2025 (was €270,131)
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 | €288,527 | €223,441 | -€65,086 | -22.6% |
| Fixed assets | 21/28 | €3,953 | - | -€3,953 | |
| Tangible fixed assets | 22/27 | €3,953 | - | -€3,953 | |
| Plant, machinery and equipment | 23 | €3,953 | - | -€3,953 | |
| Current assets | 29/58 | €284,575 | €223,441 | -€61,134 | -21.5% |
| Stocks and contracts in progress | 3 | €81,459 | €71,421 | -€10,038 | -12.3% |
| Stocks | 30/36 | €81,459 | €71,421 | -€10,038 | -12.3% |
| Amounts receivable within one year | 40/41 | €35,205 | €47,154 | +€11,949 | +33.9% |
| Trade receivables | 40 | €35,205 | €47,154 | +€11,949 | +33.9% |
| Current investments | 50/53 | €61 | €3,061 | +€3,000 | +4898.0% |
| Cash at bank and in hand | 54/58 | €167,850 | €101,805 | -€66,045 | -39.3% |
| Total equity and liabilities | 10/49 | €288,527 | €223,441 | -€65,086 | -22.6% |
| Equity | 10/15 | €90,720 | €94,217 | +€3,497 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,040 | €5,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,040 | €5,040 | = | 0.0% |
| Legal reserve | 130 | €5,040 | €5,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,680 | €27,177 | +€3,497 | +14.8% |
| Amounts payable | 17/49 | €197,807 | €129,224 | -€68,583 | -34.7% |
| Amounts payable within one year | 42/48 | €197,807 | €129,224 | -€68,583 | -34.7% |
| Trade debts | 44 | €120,431 | €54,106 | -€66,324 | -55.1% |
| Suppliers | 440/4 | €120,431 | €54,106 | -€66,324 | -55.1% |
| Taxes, remuneration and social security | 45 | €7,871 | €11,054 | +€3,184 | +40.4% |
| Taxes | 450/3 | €7,871 | €11,054 | +€3,184 | +40.4% |
| Other amounts payable | 47/48 | €69,506 | €64,064 | -€5,442 | -7.8% |
| Turnover | 70 | €329,814 | - | -€329,814 | |
| Goods, raw materials, services and sundry goods | 60/61 | €270,131 | - | -€270,131 | |
| Remuneration, social security and pensions | 62 | €47,503 | €45,250 | -€2,253 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,953 | €3,953 | = | 0.0% |
| Other operating charges | 640/8 | €9,720 | €9,314 | -€405 | -4.2% |
| Gross operating margin | 9900 | €66,383 | €65,519 | -€864 | -1.3% |
| Operating profit (loss) | 9901 | €5,208 | €7,002 | +€1,794 | +34.5% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €216 | €212 | -€4 | -2.0% |
| Recurring financial charges | 65 | €216 | €212 | -€4 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €4,992 | €6,818 | +€1,826 | +36.6% |
| Income taxes | 67/77 | €2,094 | €3,321 | +€1,227 | +58.6% |
| Profit (loss) for the period | 9904 | €2,898 | €3,497 | +€599 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,898 | €3,497 | +€599 | +20.7% |
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.