FORSTER & CO: 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.
FORSTER & CO
Largest movements
- Tangible fixed assets -€31,071
down €31,071 (-8.8%), from €352,949 to €321,878
of which Land and buildings: -€30,830
- Debts after one year -€19,596
down €19,596 (-14.9%), from €131,698 to €112,102
- Profit (loss) carried forward -€18,715
down €18,715 (-16.8%), from -€111,460 to -€130,175
- Accrued charges and deferred income +€4,800
new in 2025: €4,800
- Gross operating margin -€6,364
down €6,364 (-27.2%), from €23,380 to €17,016
- Financial charges -€430
down €430 (-9.2%), from €4,690 to €4,261
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 | €356,354 | €324,342 | -€32,011 | -9.0% |
| Fixed assets | 21/28 | €352,949 | €321,878 | -€31,071 | -8.8% |
| Tangible fixed assets | 22/27 | €352,949 | €321,878 | -€31,071 | -8.8% |
| Land and buildings | 22 | €352,708 | €321,878 | -€30,830 | -8.7% |
| Furniture and vehicles | 24 | €241 | - | -€241 | |
| Current assets | 29/58 | €3,405 | €2,464 | -€941 | -27.6% |
| Amounts receivable within one year | 40/41 | €556 | - | -€556 | |
| Trade receivables | 40 | €556 | - | -€556 | |
| Cash at bank and in hand | 54/58 | €990 | €525 | -€465 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,859 | €1,939 | +€80 | +4.3% |
| Total equity and liabilities | 10/49 | €356,354 | €324,342 | -€32,011 | -9.0% |
| Equity | 10/15 | €186,012 | €167,297 | -€18,715 | -10.1% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,460 | -€130,175 | -€18,715 | -16.8% |
| Amounts payable | 17/49 | €170,342 | €157,046 | -€13,296 | -7.8% |
| Amounts payable after more than one year | 17 | €131,698 | €112,102 | -€19,596 | -14.9% |
| Financial debts | 170/4 | €131,698 | €112,102 | -€19,596 | -14.9% |
| Amounts payable within one year | 42/48 | €38,644 | €40,144 | +€1,499 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €19,069 | €19,596 | +€527 | +2.8% |
| Trade debts | 44 | - | €973 | +€973 | |
| Suppliers | 440/4 | - | €973 | +€973 | |
| Other amounts payable | 47/48 | €19,575 | €19,575 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,800 | +€4,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,170 | €31,071 | -€99 | -0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,380 | €17,016 | -€6,364 | -27.2% |
| Operating profit (loss) | 9901 | -€8,177 | -€14,454 | -€6,278 | -76.8% |
| Financial charges | 65/66B | €4,690 | €4,261 | -€430 | -9.2% |
| Recurring financial charges | 65 | €4,690 | €4,261 | -€430 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,867 | -€18,715 | -€5,848 | -45.4% |
| Profit (loss) for the period | 9904 | -€12,867 | -€18,715 | -€5,848 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,867 | -€18,715 | -€5,848 | -45.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.