FORESTHEIR: 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.
FORESTHEIR
Largest movements
- Cash +€39.9m
up €39.9m (+4277.2%), from €933,920 to €40.9m
mainly Trade debts (+€41.1m) and Current investments (+€25.4m)
- Current investments -€25.4m
down €25.4m (-96.2%), from €26.4m to €999,656
- Receivables within one year -€13.9m
down €13.9m (-57.5%), from €24.1m to €10.2m
- Financial fixed assets -€5.5m
down €5.5m (-6.5%), from €85.0m to €79.5m
- Contributions -€59.0m
down €59.0m (-46.4%), from €127.2m to €68.2m
- Trade debts +€41.1m
up €41.1m (+68361.8%), from €60,137 to €41.2m
- Profit (loss) carried forward +€13.0m
up €13.0m (+160.7%), from €8.1m to €21.1m
- Financial income +€15.2m
up €15.2m (+1913.5%), from €793,221 to €16.0m
- Financial charges -€9.7m
down €9.7m (-81.2%), from €12.0m to €2.3m
of which Non-recurring financial charges: -€11.7m
- Taxes +€317,130
up €317,130 (+34466.5%), from €920 to €318,050
- Gross operating margin -€221,830
down €221,830 (-153.3%), from -€144,700 to -€366,530
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 | €136,483,444 | €131,622,778 | -€4.9m | -3.6% |
| Fixed assets | 21/28 | €85,005,368 | €79,499,935 | -€5.5m | -6.5% |
| Financial fixed assets | 28 | €85,005,368 | €79,499,935 | -€5.5m | -6.5% |
| Current assets | 29/58 | €51,478,076 | €52,122,843 | +€644,767 | +1.3% |
| Amounts receivable within one year | 40/41 | €24,100,000 | €10,243,212 | -€13.9m | -57.5% |
| Other amounts receivable | 41 | €24,100,000 | €10,243,212 | -€13.9m | -57.5% |
| Current investments | 50/53 | €26,441,160 | €999,656 | -€25.4m | -96.2% |
| Cash at bank and in hand | 54/58 | €933,920 | €40,879,179 | +€39.9m | +4277.2% |
| Deferred charges and accrued income | 490/1 | €2,996 | €796 | -€2,200 | -73.4% |
| Total equity and liabilities | 10/49 | €136,483,444 | €131,622,778 | -€4.9m | -3.6% |
| Equity | 10/15 | €136,423,307 | €90,451,724 | -€46.0m | -33.7% |
| Contributions | 10/11 | €127,247,230 | €68,247,230 | -€59.0m | -46.4% |
| Reserves | 13 | €1,066,412 | €1,066,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,066,412 | €1,066,412 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,066,412 | €1,066,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,109,665 | €21,138,081 | +€13.0m | +160.7% |
| Amounts payable | 17/49 | €60,137 | €41,171,054 | +€41.1m | +68361.8% |
| Amounts payable within one year | 42/48 | €60,137 | €41,171,054 | +€41.1m | +68361.8% |
| Trade debts | 44 | €60,137 | €41,171,054 | +€41.1m | +68361.8% |
| Suppliers | 440/4 | €60,137 | €41,171,054 | +€41.1m | +68361.8% |
| Other operating charges | 640/8 | €4,630 | €4,828 | +€198 | +4.3% |
| Gross operating margin | 9900 | -€144,700 | -€366,530 | -€221,830 | -153.3% |
| Operating profit (loss) | 9901 | -€149,330 | -€371,358 | -€222,028 | -148.7% |
| Financial income | 75/76B | €793,221 | €15,971,424 | +€15.2m | +1913.5% |
| Recurring financial income | 75 | €793,221 | €15,971,424 | +€15.2m | +1913.5% |
| Financial charges | 65/66B | €11,964,943 | €2,253,599 | -€9.7m | -81.2% |
| Recurring financial charges | 65 | €303,676 | €2,253,599 | +€1.9m | +642.1% |
| Non-recurring financial charges | 66B | €11,661,267 | - | -€11.7m | |
| Profit (loss) for the period before taxes | 9903 | -€11,321,053 | €13,346,467 | +€24.7m | |
| Income taxes | 67/77 | €920 | €318,050 | +€317,130 | +34466.5% |
| Profit (loss) for the period | 9904 | -€11,321,973 | €13,028,417 | +€24.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,321,973 | €13,028,417 | +€24.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.