FORESTIA: 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.
What changed
FORESTIA
NACE 91.420, Libraries, archives, museums and other cultural activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€293,495
2024 · €179,373+€114,122
Equity
€1.4m
2024 · €1.3m+€87,511
Cash
€587,184
2024 · €576,556+€10,628
Balance sheet total
€4.6m
2024 · €4.7m-€151,643
Largest movements
Assets
- Tangible fixed assets -€124,429
down €124,429 (-3.4%), from €3.7m to €3.6m
of which Land and buildings: -€205,474
- Receivables within one year -€56,276
down €56,276 (-32.7%), from €172,270 to €115,994
of which Trade receivables: -€33,711
Equity and liabilities
- Debts after one year -€195,343
down €195,343 (-8.5%), from €2.3m to €2.1m
- Profit (loss) carried forward +€93,495
up €93,495 (+7.7%), from €1.2m to €1.3m
- Trade debts -€88,026
down €88,026 (-30.7%), from €286,985 to €198,959
Income statement
- Gross operating margin +€99,141
up €99,141 (+4.6%), from €2.1m to €2.2m
- Staff costs -€83,678
down €83,678 (-5.7%), from €1.5m to €1.4m
- Taxes +€46,746
new in 2025: €46,746
- Depreciation +€22,869
up €22,869 (+5.5%), from €412,050 to €434,919
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.
Result 2024
€179,373
Gross operating margin
+€99,141
Staff costs
+€83,678
Depreciation
-€22,869
Other operating charges
+€6,876
Other operating items
+€80
Financial income
-€1,764
Financial charges
-€4,275
Taxes
-€46,746
Result 2025
€293,495
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.
From operations
+€740,606
Investment
-€326,943
Financing
-€403,035
Cash 2024
€576,556
From operations (derived)
+€740,606
Net result for the year
+€293,495
Depreciation
+€434,919
Stocks and contracts
-€11,625
Receivables within one year
+€56,276
Deferred charges and accrued income
+€9,643
Trade debts
-€88,026
Tax, wage and social debts
+€25,226
Advances received
-€3,347
Other debts
+€24,058
Accrued charges and deferred income
-€13
Investment (derived)
-€326,943
Investment in fixed assets (net)
-€326,943
Financing
-€403,035
Debts after one year
-€195,343
Current portion of long-term debt
-€1,709
Contributions, distributions and other
-€205,984
Cash 2025
€587,184
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,731,999 | €4,580,357 | -€151,643 | -3.2% |
| Fixed assets | 21/28 | €3,699,109 | €3,591,133 | -€107,976 | -2.9% |
| Intangible fixed assets | 21 | €22,613 | €39,066 | +€16,453 | +72.8% |
| Tangible fixed assets | 22/27 | €3,674,816 | €3,550,387 | -€124,429 | -3.4% |
| Land and buildings | 22 | €3,519,477 | €3,314,003 | -€205,474 | -5.8% |
| Plant, machinery and equipment | 23 | €42,263 | €144,282 | +€102,018 | +241.4% |
| Furniture and vehicles | 24 | €44,938 | €31,019 | -€13,919 | -31.0% |
| Leasing and similar rights | 25 | €68,139 | €61,084 | -€7,055 | -10.4% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €1,032,890 | €989,224 | -€43,666 | -4.2% |
| Stocks and contracts in progress | 3 | €186,291 | €197,916 | +€11,625 | +6.2% |
| Stocks | 30/36 | €186,291 | €197,916 | +€11,625 | +6.2% |
| Amounts receivable within one year | 40/41 | €172,270 | €115,994 | -€56,276 | -32.7% |
| Trade receivables | 40 | €97,503 | €63,791 | -€33,711 | -34.6% |
| Other amounts receivable | 41 | €74,767 | €52,202 | -€22,565 | -30.2% |
| Cash at bank and in hand | 54/58 | €576,556 | €587,184 | +€10,628 | +1.8% |
| Deferred charges and accrued income | 490/1 | €97,773 | €88,130 | -€9,643 | -9.9% |
| Total equity and liabilities | 10/49 | €4,731,999 | €4,580,357 | -€151,643 | -3.2% |
| Equity | 10/15 | €1,305,583 | €1,393,094 | +€87,511 | +6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,217,811 | €1,311,306 | +€93,495 | +7.7% |
| Investment grants | 15 | €19,572 | €13,588 | -€5,984 | -30.6% |
| Amounts payable | 17/49 | €3,426,417 | €3,187,263 | -€239,154 | -7.0% |
| Amounts payable after more than one year | 17 | €2,286,712 | €2,091,369 | -€195,343 | -8.5% |
| Financial debts | 170/4 | €2,286,712 | €2,091,369 | -€195,343 | -8.5% |
| Amounts payable within one year | 42/48 | €1,131,473 | €1,087,675 | -€43,798 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €266,547 | €264,838 | -€1,709 | -0.6% |
| Trade debts | 44 | €286,985 | €198,959 | -€88,026 | -30.7% |
| Suppliers | 440/4 | €286,985 | €198,959 | -€88,026 | -30.7% |
| Advances received on contracts in progress | 46 | €102,000 | €98,653 | -€3,347 | -3.3% |
| Taxes, remuneration and social security | 45 | €221,666 | €246,891 | +€25,226 | +11.4% |
| Taxes | 450/3 | €15,918 | €3,497 | -€12,422 | -78.0% |
| Remuneration and social security | 454/9 | €205,748 | €243,395 | +€37,647 | +18.3% |
| Other amounts payable | 47/48 | €254,276 | €278,334 | +€24,058 | +9.5% |
| Accrued charges and deferred income | 492/3 | €8,231 | €8,218 | -€13 | -0.2% |
| Non-recurring operating income | 76A | - | €37,034 | +€37,034 | |
| Remuneration, social security and pensions | 62 | €1,474,607 | €1,390,929 | -€83,678 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,050 | €434,919 | +€22,869 | +5.5% |
| Other operating charges | 640/8 | €19,511 | €12,635 | -€6,876 | -35.2% |
| Non-recurring operating charges | 66A | €80 | €0 | -€80 | -100.0% |
| Gross operating margin | 9900 | €2,135,430 | €2,234,571 | +€99,141 | +4.6% |
| Operating profit (loss) | 9901 | €229,182 | €396,088 | +€166,906 | +72.8% |
| Financial income | 75/76B | €8,187 | €6,423 | -€1,764 | -21.5% |
| Recurring financial income | 75 | €8,187 | €6,423 | -€1,764 | -21.5% |
| Financial charges | 65/66B | €57,996 | €62,270 | +€4,275 | +7.4% |
| Recurring financial charges | 65 | €57,996 | €62,270 | +€4,275 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €179,373 | €340,240 | +€160,868 | +89.7% |
| Income taxes | 67/77 | - | €46,746 | +€46,746 | |
| Profit (loss) for the period | 9904 | €179,373 | €293,495 | +€114,122 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €179,373 | €293,495 | +€114,122 | +63.6% |
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 5 October 2026 via checked.be.