FORESTFI: 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.
FORESTFI
Largest movements
- Financial fixed assets -€29.2m
down €29.2m (-4.4%), from €661.3m to €632.1m
- Receivables within one year +€17.0m
new in 2024: €17.0m
of which Other amounts receivable: +€17.0m
- Debts after one year -€7.9m
down €7.9m (-4.0%), from €199.7m to €191.7m
- Financial charges +€1.2m
up €1.2m (+17.7%), from €6.7m to €7.9m
- Financial income +€852,465
up €852,465 (+9.5%), from €9.0m to €9.8m
- Gross operating margin +€43,737
up €43,737 (+17.9%), from -€244,398 to -€200,660
- Depreciation -€27,647
down €27,647 (-29.8%), from €92,777 to €65,130
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.
Cash bridge derived
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 | €661,538,681 | €655,307,652 | -€6.2m | -0.9% |
| Fixed assets | 21/28 | €661,486,190 | €632,221,060 | -€29.3m | -4.4% |
| Intangible fixed assets | 21 | €148,311 | €83,181 | -€65,130 | -43.9% |
| Financial fixed assets | 28 | €661,337,880 | €632,137,880 | -€29.2m | -4.4% |
| Current assets | 29/58 | €52,490 | €23,086,591 | +€23.0m | +43882.5% |
| Amounts receivable within one year | 40/41 | - | €17,009,114 | +€17.0m | |
| Trade receivables | 40 | - | €9,114 | +€9,114 | |
| Other amounts receivable | 41 | - | €17,000,000 | +€17.0m | |
| Current investments | 50/53 | - | €6,000,000 | +€6.0m | |
| Cash at bank and in hand | 54/58 | €52,154 | €77,141 | +€24,987 | +47.9% |
| Deferred charges and accrued income | 490/1 | €336 | €336 | = | 0.0% |
| Total equity and liabilities | 10/49 | €661,538,681 | €655,307,652 | -€6.2m | -0.9% |
| Equity | 10/15 | €460,271,650 | €461,948,730 | +€1.7m | +0.4% |
| Contributions | 10/11 | €460,638,444 | €460,638,444 | = | 0.0% |
| Capital | 10 | €460,638,444 | €460,638,444 | = | 0.0% |
| Issued capital | 100 | €460,638,444 | €460,638,444 | = | 0.0% |
| Reserves | 13 | - | €65,514 | +€65,514 | |
| Non-distributable reserves | 130/1 | - | €65,514 | +€65,514 | |
| Legal reserve | 130 | - | €65,514 | +€65,514 | |
| Profit (loss) carried forward | 14 | -€366,794 | €1,244,772 | +€1.6m | |
| Amounts payable | 17/49 | €201,267,031 | €193,358,922 | -€7.9m | -3.9% |
| Amounts payable after more than one year | 17 | €199,660,000 | €191,740,000 | -€7.9m | -4.0% |
| Financial debts | 170/4 | €199,660,000 | €191,740,000 | -€7.9m | -4.0% |
| Amounts payable within one year | 42/48 | €12,232 | €17,867 | +€5,635 | +46.1% |
| Trade debts | 44 | €12,232 | €17,867 | +€5,635 | +46.1% |
| Suppliers | 440/4 | €12,232 | €17,867 | +€5,635 | +46.1% |
| Accrued charges and deferred income | 492/3 | €1,594,799 | €1,601,055 | +€6,256 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,777 | €65,130 | -€27,647 | -29.8% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€244,398 | -€200,660 | +€43,737 | +17.9% |
| Operating profit (loss) | 9901 | -€338,135 | -€266,758 | +€71,377 | +21.1% |
| Financial income | 75/76B | €8,980,518 | €9,832,982 | +€852,465 | +9.5% |
| Recurring financial income | 75 | €8,980,518 | €9,832,982 | +€852,465 | +9.5% |
| Financial charges | 65/66B | €6,701,753 | €7,889,144 | +€1.2m | +17.7% |
| Recurring financial charges | 65 | €6,701,753 | €7,889,144 | +€1.2m | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €1,940,630 | €1,677,080 | -€263,550 | -13.6% |
| Profit (loss) for the period | 9904 | €1,940,630 | €1,677,080 | -€263,550 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,940,630 | €1,677,080 | -€263,550 | -13.6% |
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 9 October 2026 via checked.be.