FOREST SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€35,050
down €35,050 (-18.6%), from €188,559 to €153,509
of which Furniture and vehicles: -€35,189
- Cash +€22,889
up €22,889 (+118%), from €19,401 to €42,290
mainly Depreciation (+€49,477) and Net result for the year (+€30,248)
- Deferred charges and accrued income -€4,798
down €4,798 (-37.7%), from €12,721 to €7,923
- Debts after one year -€54,200
down €54,200 (-47.1%), from €115,000 to €60,800
- Reserves +€29,415
up €29,415 (+37.4%), from €78,717 to €108,133
- Trade debts +€6,378
up €6,378 (+117%), from €5,464 to €11,842
- Gross operating margin +€14,110
up €14,110 (+18.1%), from €77,783 to €91,893
- Depreciation +€9,338
up €9,338 (+23.3%), from €40,138 to €49,477
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.
Derived cash bridge
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 | €240,064 | €221,068 | -€18,996 | -7.9% |
| Fixed assets | 21/28 | €188,559 | €153,509 | -€35,050 | -18.6% |
| Tangible fixed assets | 22/27 | €188,559 | €153,509 | -€35,050 | -18.6% |
| Plant, machinery and equipment | 23 | €154 | €2,076 | +€1,923 | +1,252% |
| Furniture and vehicles | 24 | €183,210 | €148,022 | -€35,189 | -19.2% |
| Other tangible fixed assets | 26 | €5,195 | €3,411 | -€1,784 | -34.3% |
| Current assets | 29/58 | €51,505 | €67,559 | +€16,054 | +31.2% |
| Amounts receivable within one year | 40/41 | €19,382 | €17,344 | -€2,038 | -10.5% |
| Trade receivables | 40 | €19,382 | €17,324 | -€2,057 | -10.6% |
| Other amounts receivable | 41 | €0 | €20 | +€20 | |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,401 | €42,290 | +€22,889 | +118% |
| Deferred charges and accrued income | 490/1 | €12,721 | €7,923 | -€4,798 | -37.7% |
| Total equity and liabilities | 10/49 | €240,064 | €221,068 | -€18,996 | -7.9% |
| Equity | 10/15 | €97,317 | €126,733 | +€29,415 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,717 | €108,133 | +€29,415 | +37.4% |
| Distributable reserves | 133 | €78,717 | €108,133 | +€29,415 | +37.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €142,746 | €94,335 | -€48,411 | -33.9% |
| Amounts payable after more than one year | 17 | €115,000 | €60,800 | -€54,200 | -47.1% |
| Other amounts payable | 178/9 | €115,000 | €60,800 | -€54,200 | -47.1% |
| Amounts payable within one year | 42/48 | €25,496 | €33,535 | +€8,039 | +31.5% |
| Financial debts | 43 | €4,731 | €4,798 | +€67 | +1.4% |
| Credit institutions | 430/8 | €4,731 | €4,798 | +€67 | +1.4% |
| Trade debts | 44 | €5,464 | €11,842 | +€6,378 | +117% |
| Suppliers | 440/4 | €5,464 | €11,842 | +€6,378 | +117% |
| Taxes, remuneration and social security | 45 | €13,869 | €15,885 | +€2,016 | +14.5% |
| Taxes | 450/3 | €13,869 | €15,885 | +€2,016 | +14.5% |
| Other amounts payable | 47/48 | €1,433 | €1,010 | -€422 | -29.5% |
| Accrued charges and deferred income | 492/3 | €2,250 | €0 | -€2,250 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,138 | €49,477 | +€9,338 | +23.3% |
| Other operating charges | 640/8 | €522 | €520 | -€2 | -0.4% |
| Non-recurring operating charges | 66A | €0 | €1,973 | +€1,973 | |
| Gross operating margin | 9900 | €77,783 | €91,893 | +€14,110 | +18.1% |
| Operating profit (loss) | 9901 | €37,123 | €39,924 | +€2,800 | +7.5% |
| Financial income | 75/76B | €171 | €1,060 | +€890 | +522% |
| Recurring financial income | 75 | €171 | €1,060 | +€890 | +522% |
| Financial charges | 65/66B | €927 | €1,202 | +€275 | +29.7% |
| Recurring financial charges | 65 | €927 | €1,202 | +€275 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €36,367 | €39,782 | +€3,415 | +9.4% |
| Income taxes | 67/77 | €9,475 | €9,533 | +€58 | +0.6% |
| Profit (loss) for the period | 9904 | €26,892 | €30,248 | +€3,356 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,892 | €30,248 | +€3,356 | +12.5% |
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 19 October 2026 via checked.be.