FORESTREE: 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.
FORESTREE
Largest movements
- Cash -€11,262
down €11,262 (-41.5%), from €27,122 to €15,860
mainly Net result for the year (-€16,234) and Trade debts (-€5,160)
- Tangible fixed assets -€3,960
down €3,960 (-44.1%), from €8,974 to €5,014
of which Plant, machinery and equipment: -€2,231
- Receivables within one year -€2,833
down €2,833 (-33.6%), from €8,437 to €5,604
of which Other amounts receivable: -€4,621
- Profit (loss) carried forward -€16,234
down €16,234 (-98.6%), from -€16,465 to -€32,700
- Trade debts -€5,160
down €5,160 (-58.4%), from €8,832 to €3,672
- Tax, wage and social debts +€2,380
up €2,380 (+316.7%), from €751 to €3,131
of which Remuneration and social security: +€2,326
- Other debts +€1,312
up €1,312 (+13.8%), from €9,493 to €10,805
- Gross operating margin -€29,069
down €29,069, from €27,780 to -€1,289
- Depreciation -€6,781
down €6,781 (-63.1%), from €10,740 to €3,960
- Other operating charges +€2,022
up €2,022 (+68.3%), from €2,961 to €4,983
- Taxes -€751
down €751 (-100.0%), from €751 to €0
- Financial charges -€446
down €446 (-78.7%), from €567 to €121
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 | €63,952 | €46,249 | -€17,703 | -27.7% |
| Fixed assets | 21/28 | €8,974 | €5,014 | -€3,960 | -44.1% |
| Tangible fixed assets | 22/27 | €8,974 | €5,014 | -€3,960 | -44.1% |
| Plant, machinery and equipment | 23 | €7,177 | €4,947 | -€2,231 | -31.1% |
| Furniture and vehicles | 24 | €1,796 | €67 | -€1,729 | -96.2% |
| Current assets | 29/58 | €54,979 | €41,235 | -€13,744 | -25.0% |
| Stocks and contracts in progress | 3 | €15,260 | €15,602 | +€343 | +2.2% |
| Stocks | 30/36 | €15,260 | €15,602 | +€343 | +2.2% |
| Amounts receivable within one year | 40/41 | €8,437 | €5,604 | -€2,833 | -33.6% |
| Trade receivables | 40 | €3,816 | €5,604 | +€1,788 | +46.8% |
| Other amounts receivable | 41 | €4,621 | €0 | -€4,621 | -100.0% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,122 | €15,860 | -€11,262 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,668 | +€9 | +0.5% |
| Total equity and liabilities | 10/49 | €63,952 | €46,249 | -€17,703 | -27.7% |
| Equity | 10/15 | €2,526 | -€13,708 | -€16,234 | |
| Contributions | 10/11 | €18,991 | €18,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,465 | -€32,700 | -€16,234 | -98.6% |
| Amounts payable | 17/49 | €61,426 | €59,957 | -€1,469 | -2.4% |
| Amounts payable after more than one year | 17 | €42,350 | €42,350 | = | 0.0% |
| Financial debts | 170/4 | €42,350 | €42,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,076 | €17,607 | -€1,469 | -7.7% |
| Trade debts | 44 | €8,832 | €3,672 | -€5,160 | -58.4% |
| Suppliers | 440/4 | €8,832 | €3,672 | -€5,160 | -58.4% |
| Taxes, remuneration and social security | 45 | €751 | €3,131 | +€2,380 | +316.7% |
| Taxes | 450/3 | €751 | €805 | +€54 | +7.2% |
| Remuneration and social security | 454/9 | €0 | €2,326 | +€2,326 | |
| Other amounts payable | 47/48 | €9,493 | €10,805 | +€1,312 | +13.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,562 | €6,261 | -€301 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,740 | €3,960 | -€6,781 | -63.1% |
| Other operating charges | 640/8 | €2,961 | €4,983 | +€2,022 | +68.3% |
| Gross operating margin | 9900 | €27,780 | -€1,289 | -€29,069 | |
| Operating profit (loss) | 9901 | €7,516 | -€16,492 | -€24,008 | |
| Financial income | 75/76B | €0 | €378 | +€378 | |
| Recurring financial income | 75 | €0 | €378 | +€378 | |
| Financial charges | 65/66B | €567 | €121 | -€446 | -78.7% |
| Recurring financial charges | 65 | €567 | €121 | -€446 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €6,950 | -€16,234 | -€23,184 | |
| Income taxes | 67/77 | €751 | €0 | -€751 | -100.0% |
| Profit (loss) for the period | 9904 | €6,198 | -€16,234 | -€22,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,198 | -€16,234 | -€22,433 |
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 3 October 2026 via checked.be.