FOREST TO PLATE: 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 TO PLATE
Largest movements
- Receivables within one year -€59,977
down €59,977 (-84.4%), from €71,028 to €11,052
of which Trade receivables: -€59,977
- Stocks and contracts -€7,996
down €7,996 (-90.8%), from €8,806 to €809
- Tangible fixed assets +€6,125
up €6,125 (+309%), from €1,985 to €8,110
of which Furniture and vehicles: +€7,468
- Cash -€3,273
down €3,273 (-49.6%), from €6,598 to €3,325
mainly Trade debts (-€39,166) and Other debts (-€26,089)
- Trade debts -€39,166
down €39,166 (-71.0%), from €55,129 to €15,963
- Other debts -€26,089
down €26,089 (-43.5%), from €59,965 to €33,876
- Tax, wage and social debts +€12,414
up €12,414 (+356%), from €3,489 to €15,903
of which Remuneration and social security: +€11,853
- Profit (loss) carried forward -€12,280
down €12,280 (-30.6%), from -€40,167 to -€52,447
- Staff costs +€19,367
up €19,367 (+24.0%), from €80,540 to €99,907
- Gross operating margin +€16,956
up €16,956 (+21.9%), from €77,574 to €94,530
- Depreciation +€1,867
up €1,867 (+76.7%), from €2,433 to €4,300
- Other operating charges +€1,523
up €1,523 (+561%), from €271 to €1,794
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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,416 | €23,295 | -€65,121 | -73.7% |
| Fixed assets | 21/28 | €1,985 | €8,110 | +€6,125 | +309% |
| Tangible fixed assets | 22/27 | €1,985 | €8,110 | +€6,125 | +309% |
| Plant, machinery and equipment | 23 | €1,985 | €642 | -€1,343 | -67.6% |
| Furniture and vehicles | 24 | - | €7,468 | +€7,468 | |
| Current assets | 29/58 | €86,432 | €15,185 | -€71,246 | -82.4% |
| Stocks and contracts in progress | 3 | €8,806 | €809 | -€7,996 | -90.8% |
| Stocks | 30/36 | €8,806 | €809 | -€7,996 | -90.8% |
| Amounts receivable within one year | 40/41 | €71,028 | €11,052 | -€59,977 | -84.4% |
| Trade receivables | 40 | €70,528 | €10,552 | -€59,977 | -85.0% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,598 | €3,325 | -€3,273 | -49.6% |
| Total equity and liabilities | 10/49 | €88,416 | €23,295 | -€65,121 | -73.7% |
| Equity | 10/15 | -€30,167 | -€42,447 | -€12,280 | -40.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,167 | -€52,447 | -€12,280 | -30.6% |
| Amounts payable | 17/49 | €118,583 | €65,742 | -€52,841 | -44.6% |
| Amounts payable within one year | 42/48 | €118,583 | €65,742 | -€52,841 | -44.6% |
| Trade debts | 44 | €55,129 | €15,963 | -€39,166 | -71.0% |
| Suppliers | 440/4 | €55,129 | €15,963 | -€39,166 | -71.0% |
| Taxes, remuneration and social security | 45 | €3,489 | €15,903 | +€12,414 | +356% |
| Taxes | 450/3 | €661 | €1,222 | +€561 | +84.9% |
| Remuneration and social security | 454/9 | €2,828 | €14,681 | +€11,853 | +419% |
| Other amounts payable | 47/48 | €59,965 | €33,876 | -€26,089 | -43.5% |
| Remuneration, social security and pensions | 62 | €80,540 | €99,907 | +€19,367 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €4,300 | +€1,867 | +76.7% |
| Other operating charges | 640/8 | €271 | €1,794 | +€1,523 | +561% |
| Gross operating margin | 9900 | €77,574 | €94,530 | +€16,956 | +21.9% |
| Operating profit (loss) | 9901 | -€5,670 | -€11,471 | -€5,800 | -102% |
| Financial income | 75/76B | €44 | €52 | +€8 | +18.5% |
| Recurring financial income | 75 | €44 | €52 | +€8 | +18.5% |
| Financial charges | 65/66B | €751 | €852 | +€101 | +13.4% |
| Recurring financial charges | 65 | €751 | €852 | +€101 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,377 | -€12,270 | -€5,893 | -92.4% |
| Income taxes | 67/77 | - | €10 | +€10 | |
| Profit (loss) for the period | 9904 | -€6,377 | -€12,280 | -€5,903 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,377 | -€12,280 | -€5,903 | -92.6% |
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 20 October 2026 via checked.be.