FORESTERRA: what changed
Two fiscal 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.
FORESTERRA
Largest movements
- Cash -€38,006
down €38,006 (-76.3%), from €49,828 to €11,822
mainly Contributions, distributions and other (-€71,587) and Trade debts (-€14,373)
- Receivables within one year -€12,451
down €12,451 (-42.5%), from €29,286 to €16,835
of which Trade receivables: -€12,135
- Tangible fixed assets +€5,221
up €5,221 (+28.4%), from €18,382 to €23,603
of which Land and buildings: +€7,273
- Reserves -€25,546
down €25,546 (-35.7%), from €71,587 to €46,041
- Trade debts -€14,373
down €14,373 (-96.5%), from €14,894 to €520
- Tax, wage and social debts -€10,502
down €10,502 (-93.4%), from €11,244 to €743
of which Taxes: -€7,674
- Other debts +€4,946
up €4,946 (+369.5%), from €1,338 to €6,284
- Gross operating margin +€12,107
up €12,107 (+19.8%), from €61,151 to €73,258
- Taxes +€5,350
up €5,350 (+44.5%), from €12,011 to €17,361
- Depreciation +€1,526
up €1,526 (+20.1%), from €7,588 to €9,114
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 | €102,479 | €56,233 | -€46,246 | -45.1% |
| Fixed assets | 21/28 | €18,965 | €24,086 | +€5,121 | +27.0% |
| Intangible fixed assets | 21 | €584 | €484 | -€100 | -17.1% |
| Tangible fixed assets | 22/27 | €18,382 | €23,603 | +€5,221 | +28.4% |
| Land and buildings | 22 | €10,368 | €17,641 | +€7,273 | +70.1% |
| Furniture and vehicles | 24 | €8,013 | €5,962 | -€2,052 | -25.6% |
| Current assets | 29/58 | €83,514 | €32,147 | -€51,367 | -61.5% |
| Amounts receivable within one year | 40/41 | €29,286 | €16,835 | -€12,451 | -42.5% |
| Trade receivables | 40 | €21,210 | €9,075 | -€12,135 | -57.2% |
| Other amounts receivable | 41 | €8,076 | €7,760 | -€317 | -3.9% |
| Cash at bank and in hand | 54/58 | €49,828 | €11,822 | -€38,006 | -76.3% |
| Deferred charges and accrued income | 490/1 | €4,400 | €3,490 | -€910 | -20.7% |
| Total equity and liabilities | 10/49 | €102,479 | €56,233 | -€46,246 | -45.1% |
| Equity | 10/15 | €74,087 | €48,541 | -€25,546 | -34.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €71,587 | €46,041 | -€25,546 | -35.7% |
| Distributable reserves | 133 | €71,587 | €46,041 | -€25,546 | -35.7% |
| Amounts payable | 17/49 | €28,392 | €7,692 | -€20,700 | -72.9% |
| Amounts payable within one year | 42/48 | €28,392 | €7,572 | -€20,820 | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €465 | - | -€465 | |
| Financial debts | 43 | €450 | €25 | -€425 | -94.4% |
| Credit institutions | 430/8 | €450 | €25 | -€425 | -94.4% |
| Trade debts | 44 | €14,894 | €520 | -€14,373 | -96.5% |
| Suppliers | 440/4 | €14,894 | €520 | -€14,373 | -96.5% |
| Taxes, remuneration and social security | 45 | €11,244 | €743 | -€10,502 | -93.4% |
| Taxes | 450/3 | €8,416 | €743 | -€7,674 | -91.2% |
| Remuneration and social security | 454/9 | €2,828 | - | -€2,828 | |
| Other amounts payable | 47/48 | €1,338 | €6,284 | +€4,946 | +369.5% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,588 | €9,114 | +€1,526 | +20.1% |
| Other operating charges | 640/8 | €946 | €933 | -€14 | -1.5% |
| Gross operating margin | 9900 | €61,151 | €73,258 | +€12,107 | +19.8% |
| Operating profit (loss) | 9901 | €52,616 | €63,212 | +€10,596 | +20.1% |
| Financial income | 75/76B | €289 | €400 | +€111 | +38.4% |
| Recurring financial income | 75 | €289 | €400 | +€111 | +38.4% |
| Financial charges | 65/66B | €123 | €211 | +€88 | +71.9% |
| Recurring financial charges | 65 | €123 | €211 | +€88 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €52,783 | €63,402 | +€10,619 | +20.1% |
| Income taxes | 67/77 | €12,011 | €17,361 | +€5,350 | +44.5% |
| Profit (loss) for the period | 9904 | €40,773 | €46,041 | +€5,269 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,773 | €46,041 | +€5,269 | +12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.