FORESTERIE: 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.
FORESTERIE
Largest movements
- Tangible fixed assets +€595,042
up €595,042 (+27.4%), from €2.2m to €2.8m
- Receivables within one year -€95,185
down €95,185 (-83.6%), from €113,908 to €18,723
- Debts after one year +€436,636
up €436,636 (+28.4%), from €1.5m to €2.0m
of which Financial debts: +€382,636
- Profit (loss) carried forward +€38,389
up €38,389 (+135.3%), from €28,378 to €66,767
- Current portion of long-term debt +€33,017
up €33,017 (+25.9%), from €127,512 to €160,529
- Depreciation +€21,505
up €21,505 (+38.7%), from €55,618 to €77,123
- Gross operating margin +€11,856
up €11,856 (+4.7%), from €249,951 to €261,807
- Financial charges +€9,159
up €9,159 (+15.4%), from €59,644 to €68,803
- Other operating charges +€7,218
up €7,218 (+11.8%), from €60,984 to €68,202
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 | €2,312,334 | €2,811,109 | +€498,775 | +21.6% |
| Fixed assets | 21/28 | €2,171,530 | €2,766,572 | +€595,042 | +27.4% |
| Tangible fixed assets | 22/27 | €2,171,530 | €2,766,572 | +€595,042 | +27.4% |
| Land and buildings | 22 | €2,171,530 | €2,766,572 | +€595,042 | +27.4% |
| Current assets | 29/58 | €140,804 | €44,537 | -€96,267 | -68.4% |
| Amounts receivable within one year | 40/41 | €113,908 | €18,723 | -€95,185 | -83.6% |
| Trade receivables | 40 | €113,908 | €18,723 | -€95,185 | -83.6% |
| Cash at bank and in hand | 54/58 | €26,019 | €25,814 | -€205 | -0.8% |
| Deferred charges and accrued income | 490/1 | €877 | - | -€877 | |
| Total equity and liabilities | 10/49 | €2,312,334 | €2,811,109 | +€498,775 | +21.6% |
| Equity | 10/15 | €618,378 | €656,767 | +€38,389 | +6.2% |
| Contributions | 10/11 | €590,000 | €590,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,378 | €66,767 | +€38,389 | +135.3% |
| Amounts payable | 17/49 | €1,693,956 | €2,154,342 | +€460,386 | +27.2% |
| Amounts payable after more than one year | 17 | €1,535,492 | €1,972,128 | +€436,636 | +28.4% |
| Financial debts | 170/4 | €1,535,492 | €1,918,128 | +€382,636 | +24.9% |
| Other amounts payable | 178/9 | - | €54,000 | +€54,000 | |
| Amounts payable within one year | 42/48 | €158,463 | €182,213 | +€23,750 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €127,512 | €160,529 | +€33,017 | +25.9% |
| Trade debts | 44 | €17,833 | €9,574 | -€8,259 | -46.3% |
| Suppliers | 440/4 | €17,833 | €9,574 | -€8,259 | -46.3% |
| Taxes, remuneration and social security | 45 | €9,819 | €9,536 | -€284 | -2.9% |
| Taxes | 450/3 | €9,819 | €9,536 | -€284 | -2.9% |
| Other amounts payable | 47/48 | €3,299 | €2,575 | -€724 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,618 | €77,123 | +€21,505 | +38.7% |
| Other operating charges | 640/8 | €60,984 | €68,202 | +€7,218 | +11.8% |
| Gross operating margin | 9900 | €249,951 | €261,807 | +€11,856 | +4.7% |
| Operating profit (loss) | 9901 | €133,349 | €116,482 | -€16,867 | -12.6% |
| Financial income | 75/76B | €1,345 | - | -€1,345 | |
| Recurring financial income | 75 | €1,345 | - | -€1,345 | |
| Financial charges | 65/66B | €59,644 | €68,803 | +€9,159 | +15.4% |
| Recurring financial charges | 65 | €59,644 | €68,803 | +€9,159 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €75,049 | €47,679 | -€27,370 | -36.5% |
| Income taxes | 67/77 | €9,819 | €9,290 | -€529 | -5.4% |
| Profit (loss) for the period | 9904 | €65,230 | €38,389 | -€26,841 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,230 | €38,389 | -€26,841 | -41.1% |
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 9 October 2026 via checked.be.