FORESTIMMO: 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.
FORESTIMMO
Largest movements
- Receivables within one year +€100,979
up €100,979 (+306.0%), from €32,997 to €133,976
of which Trade receivables: +€95,350
- Tangible fixed assets -€64,633
down €64,633 (-2.6%), from €2.5m to €2.5m
of which Land and buildings: -€51,461
- Profit (loss) carried forward -€193,404
down €193,404 (-41.8%), from €462,148 to €268,743
- Advances received +€80,000
new in 2025: €80,000
- Current portion of long-term debt +€68,205
up €68,205 (+627.8%), from €10,865 to €79,070
- Debts after one year +€58,693
up €58,693 (+4.2%), from €1.4m to €1.5m
- Taxes +€220,228
new in 2025: €220,228
- Financial charges +€99,143
up €99,143 (+479.2%), from €20,688 to €119,832
- Gross operating margin +€37,076
up €37,076 (+19.6%), from €188,960 to €226,037
- Staff costs -€12,623
no longer reported in 2025 (was €12,623)
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 | €2,559,994 | €2,593,063 | +€33,069 | +1.3% |
| Fixed assets | 21/28 | €2,523,206 | €2,458,573 | -€64,633 | -2.6% |
| Tangible fixed assets | 22/27 | €2,522,834 | €2,458,201 | -€64,633 | -2.6% |
| Land and buildings | 22 | €2,367,605 | €2,316,144 | -€51,461 | -2.2% |
| Plant, machinery and equipment | 23 | €5,041 | €12,526 | +€7,485 | +148.5% |
| Other tangible fixed assets | 26 | €150,189 | €129,532 | -€20,657 | -13.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €36,788 | €134,490 | +€97,702 | +265.6% |
| Amounts receivable within one year | 40/41 | €32,997 | €133,976 | +€100,979 | +306.0% |
| Trade receivables | 40 | €10,917 | €106,267 | +€95,350 | +873.4% |
| Other amounts receivable | 41 | €22,080 | €27,709 | +€5,630 | +25.5% |
| Cash at bank and in hand | 54/58 | €3,791 | €514 | -€3,277 | -86.5% |
| Total equity and liabilities | 10/49 | €2,559,994 | €2,593,063 | +€33,069 | +1.3% |
| Equity | 10/15 | €875,133 | €681,729 | -€193,404 | -22.1% |
| Contributions | 10/11 | €34,085 | €34,085 | = | 0.0% |
| Outside capital | 11 | €34,085 | €34,085 | = | 0.0% |
| Share premium | 1100/10 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €378,900 | €378,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €378,900 | €378,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,148 | €268,743 | -€193,404 | -41.8% |
| Amounts payable | 17/49 | €1,684,861 | €1,911,334 | +€226,473 | +13.4% |
| Amounts payable after more than one year | 17 | €1,410,791 | €1,469,484 | +€58,693 | +4.2% |
| Financial debts | 170/4 | €1,410,791 | €1,469,484 | +€58,693 | +4.2% |
| Amounts payable within one year | 42/48 | €274,070 | €441,850 | +€167,780 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €10,865 | €79,070 | +€68,205 | +627.8% |
| Trade debts | 44 | €4,127 | €12,676 | +€8,549 | +207.1% |
| Suppliers | 440/4 | €4,127 | €12,676 | +€8,549 | +207.1% |
| Advances received on contracts in progress | 46 | - | €80,000 | +€80,000 | |
| Taxes, remuneration and social security | 45 | €2,033 | €4,900 | +€2,867 | +141.0% |
| Taxes | 450/3 | - | €3,931 | +€3,931 | |
| Remuneration and social security | 454/9 | €2,033 | €969 | -€1,064 | -52.4% |
| Other amounts payable | 47/48 | €257,045 | €265,204 | +€8,159 | +3.2% |
| Remuneration, social security and pensions | 62 | €12,623 | - | -€12,623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,559 | €74,633 | +€2,074 | +2.9% |
| Other operating charges | 640/8 | €4,630 | €4,748 | +€118 | +2.5% |
| Gross operating margin | 9900 | €188,960 | €226,037 | +€37,076 | +19.6% |
| Operating profit (loss) | 9901 | €99,148 | €146,655 | +€47,507 | +47.9% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €20,688 | €119,832 | +€99,143 | +479.2% |
| Recurring financial charges | 65 | €20,688 | €119,832 | +€99,143 | +479.2% |
| Profit (loss) for the period before taxes | 9903 | €78,468 | €26,823 | -€51,645 | -65.8% |
| Income taxes | 67/77 | - | €220,228 | +€220,228 | |
| Profit (loss) for the period | 9904 | €78,468 | -€193,404 | -€271,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,468 | -€193,404 | -€271,873 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.