FORESTIERE HENUZET: 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.
FORESTIERE HENUZET
Largest movements
- Stocks and contracts -€38,550
down €38,550 (-8.4%), from €459,500 to €420,950
- Receivables within one year +€17,143
up €17,143 (+45.9%), from €37,378 to €54,521
of which Other amounts receivable: +€8,740
- Tangible fixed assets +€11,910
up €11,910 (+4.0%), from €295,143 to €307,053
of which Furniture and vehicles: +€20,278
- Debts after one year -€51,545
down €51,545 (-20.2%), from €254,972 to €203,427
of which Financial debts: -€51,545
- Other debts +€40,843
up €40,843 (+66.7%), from €61,205 to €102,048
- Profit (loss) carried forward +€13,634
up €13,634 (+54.0%), from €25,266 to €38,901
- Trade debts -€12,775
down €12,775 (-4.3%), from €298,271 to €285,496
- Turnover +€92,563
up €92,563 (+33.5%), from €276,561 to €369,124
- Purchases and services +€68,765
up €68,765 (+30.0%), from €229,185 to €297,951
- Depreciation -€29,757
down €29,757 (-40.2%), from €74,043 to €44,286
- Gross operating margin +€5,289
up €5,289 (+7.2%), from €73,324 to €78,613
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.
Derived cash bridge
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 | €804,420 | €792,206 | -€12,215 | -1.5% |
| Fixed assets | 21/28 | €300,773 | €312,393 | +€11,620 | +3.9% |
| Intangible fixed assets | 21 | €602 | €312 | -€290 | -48.2% |
| Tangible fixed assets | 22/27 | €295,143 | €307,053 | +€11,910 | +4.0% |
| Land and buildings | 22 | €93,480 | €94,323 | +€843 | +0.9% |
| Plant, machinery and equipment | 23 | €18,270 | €30,649 | +€12,380 | +67.8% |
| Furniture and vehicles | 24 | €61,811 | €82,089 | +€20,278 | +32.8% |
| Leasing and similar rights | 25 | €121,583 | €99,992 | -€21,591 | -17.8% |
| Financial fixed assets | 28 | €5,028 | €5,028 | = | 0.0% |
| Current assets | 29/58 | €503,647 | €479,812 | -€23,835 | -4.7% |
| Stocks and contracts in progress | 3 | €459,500 | €420,950 | -€38,550 | -8.4% |
| Stocks | 30/36 | €459,500 | €420,950 | -€38,550 | -8.4% |
| Amounts receivable within one year | 40/41 | €37,378 | €54,521 | +€17,143 | +45.9% |
| Trade receivables | 40 | €36,501 | €44,904 | +€8,403 | +23.0% |
| Other amounts receivable | 41 | €877 | €9,617 | +€8,740 | +996% |
| Cash at bank and in hand | 54/58 | €3,617 | €109 | -€3,508 | -97.0% |
| Deferred charges and accrued income | 490/1 | €3,152 | €4,232 | +€1,080 | +34.3% |
| Total equity and liabilities | 10/49 | €804,420 | €792,206 | -€12,215 | -1.5% |
| Equity | 10/15 | €45,718 | €59,352 | +€13,634 | +29.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,266 | €38,901 | +€13,634 | +54.0% |
| Amounts payable | 17/49 | €758,703 | €732,854 | -€25,849 | -3.4% |
| Amounts payable after more than one year | 17 | €254,972 | €203,427 | -€51,545 | -20.2% |
| Financial debts | 170/4 | €144,972 | €93,427 | -€51,545 | -35.6% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €503,731 | €527,776 | +€24,045 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €131,679 | €130,360 | -€1,318 | -1.0% |
| Financial debts | 43 | €9,510 | €8,130 | -€1,380 | -14.5% |
| Credit institutions | 430/8 | €9,510 | €8,130 | -€1,380 | -14.5% |
| Trade debts | 44 | €298,271 | €285,496 | -€12,775 | -4.3% |
| Suppliers | 440/4 | €298,271 | €285,496 | -€12,775 | -4.3% |
| Taxes, remuneration and social security | 45 | €3,066 | €1,741 | -€1,325 | -43.2% |
| Remuneration and social security | 454/9 | €3,066 | €1,741 | -€1,325 | -43.2% |
| Other amounts payable | 47/48 | €61,205 | €102,048 | +€40,843 | +66.7% |
| Accrued charges and deferred income | 492/3 | - | €1,651 | +€1,651 | |
| Turnover | 70 | €276,561 | €369,124 | +€92,563 | +33.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €229,185 | €297,951 | +€68,765 | +30.0% |
| Remuneration, social security and pensions | 62 | -€1,751 | €112 | +€1,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,043 | €44,286 | -€29,757 | -40.2% |
| Other operating charges | 640/8 | €3,887 | €2,244 | -€1,643 | -42.3% |
| Gross operating margin | 9900 | €73,324 | €78,613 | +€5,289 | +7.2% |
| Operating profit (loss) | 9901 | -€2,856 | €31,970 | +€34,826 | |
| Financial income | 75/76B | €1,335 | €97 | -€1,238 | -92.7% |
| Recurring financial income | 75 | €1,335 | €97 | -€1,238 | -92.7% |
| Financial charges | 65/66B | €20,282 | €18,433 | -€1,848 | -9.1% |
| Recurring financial charges | 65 | €20,282 | €18,433 | -€1,848 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,802 | €13,634 | +€35,436 | |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€21,803 | €13,634 | +€35,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,803 | €13,634 | +€35,438 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.