GESTION FORESTIERE: 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.
GESTION FORESTIERE
Largest movements
- Cash +€84,658
up €84,658 (+90.7%), from €93,359 to €178,017
mainly Net result for the year (+€48,997) and Depreciation (+€22,799)
- Receivables within one year -€17,622
down €17,622 (-43.5%), from €40,473 to €22,852
of which Trade receivables: -€13,465
- Tangible fixed assets +€15,918
up €15,918 (+40.4%), from €39,360 to €55,278
of which Furniture and vehicles: +€17,779
- Profit (loss) carried forward +€48,997
up €48,997 (+62.4%), from €78,530 to €127,528
- Trade debts +€17,989
up €17,989 (+879%), from €2,046 to €20,035
- Debts after one year +€13,940
new in 2025: €13,940
- Other debts -€11,962
down €11,962 (-21.8%), from €54,961 to €42,999
- Tax, wage and social debts +€10,387
up €10,387 (+36.6%), from €28,396 to €38,783
of which Taxes: +€5,821
- Gross operating margin +€54,956
up €54,956 (+59.9%), from €91,690 to €146,646
- Staff costs +€27,189
up €27,189 (+93.8%), from €28,972 to €56,161
- Depreciation +€7,453
up €7,453 (+48.6%), from €15,346 to €22,799
- Taxes +€4,676
up €4,676 (+38.6%), from €12,113 to €16,789
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 | €173,933 | €258,876 | +€84,942 | +48.8% |
| Fixed assets | 21/28 | €39,723 | €55,641 | +€15,918 | +40.1% |
| Tangible fixed assets | 22/27 | €39,360 | €55,278 | +€15,918 | +40.4% |
| Plant, machinery and equipment | 23 | €3,258 | €2,757 | -€502 | -15.4% |
| Furniture and vehicles | 24 | €29,296 | €47,075 | +€17,779 | +60.7% |
| Other tangible fixed assets | 26 | €6,805 | €5,446 | -€1,359 | -20.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €134,211 | €203,235 | +€69,025 | +51.4% |
| Amounts receivable within one year | 40/41 | €40,473 | €22,852 | -€17,622 | -43.5% |
| Trade receivables | 40 | €34,799 | €21,334 | -€13,465 | -38.7% |
| Other amounts receivable | 41 | €5,675 | €1,518 | -€4,157 | -73.3% |
| Cash at bank and in hand | 54/58 | €93,359 | €178,017 | +€84,658 | +90.7% |
| Deferred charges and accrued income | 490/1 | €378 | €2,367 | +€1,988 | +526% |
| Total equity and liabilities | 10/49 | €173,933 | €258,876 | +€84,942 | +48.8% |
| Equity | 10/15 | €88,530 | €137,528 | +€48,997 | +55.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,530 | €127,528 | +€48,997 | +62.4% |
| Amounts payable | 17/49 | €85,403 | €121,348 | +€35,945 | +42.1% |
| Amounts payable after more than one year | 17 | - | €13,940 | +€13,940 | |
| Financial debts | 170/4 | - | €13,940 | +€13,940 | |
| Amounts payable within one year | 42/48 | €85,403 | €107,409 | +€22,006 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,592 | +€5,592 | |
| Trade debts | 44 | €2,046 | €20,035 | +€17,989 | +879% |
| Suppliers | 440/4 | €2,046 | €20,035 | +€17,989 | +879% |
| Taxes, remuneration and social security | 45 | €28,396 | €38,783 | +€10,387 | +36.6% |
| Taxes | 450/3 | €23,822 | €29,643 | +€5,821 | +24.4% |
| Remuneration and social security | 454/9 | €4,574 | €9,140 | +€4,566 | +99.8% |
| Other amounts payable | 47/48 | €54,961 | €42,999 | -€11,962 | -21.8% |
| Remuneration, social security and pensions | 62 | €28,972 | €56,161 | +€27,189 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,346 | €22,799 | +€7,453 | +48.6% |
| Other operating charges | 640/8 | €965 | €1,208 | +€243 | +25.2% |
| Gross operating margin | 9900 | €91,690 | €146,646 | +€54,956 | +59.9% |
| Operating profit (loss) | 9901 | €46,407 | €66,478 | +€20,071 | +43.3% |
| Financial income | 75/76B | €378 | €213 | -€165 | -43.7% |
| Recurring financial income | 75 | €378 | €213 | -€165 | -43.7% |
| Financial charges | 65/66B | €180 | €905 | +€725 | +404% |
| Recurring financial charges | 65 | €180 | €905 | +€725 | +404% |
| Profit (loss) for the period before taxes | 9903 | €46,605 | €65,787 | +€19,181 | +41.2% |
| Income taxes | 67/77 | €12,113 | €16,789 | +€4,676 | +38.6% |
| Profit (loss) for the period | 9904 | €34,492 | €48,997 | +€14,505 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,492 | €48,997 | +€14,505 | +42.1% |
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 27 October 2026 via checked.be.