Groupement Forestier GFtS: 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.
Groupement Forestier GFtS
Largest movements
- Cash +€129,992
up €129,992 (+434%), from €29,930 to €159,922
mainly Net result for the year (+€129,992) and Receivables within one year (+€129,761)
- Receivables within one year -€129,761
down €129,761 (-84.2%), from €154,202 to €24,441
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€158,393
no longer reported in 2025 (was €158,393)
- Gross operating margin -€9,230
down €9,230 (-6.5%), from €141,992 to €132,763
- Other operating charges -€1,949
down €1,949 (-41.7%), from €4,673 to €2,724
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 | €3,083,769 | €3,084,000 | +€231 | 0.0% |
| Fixed assets | 21/28 | €2,899,637 | €2,899,637 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,899,637 | €2,899,637 | = | 0.0% |
| Land and buildings | 22 | €2,899,637 | €2,899,637 | = | 0.0% |
| Current assets | 29/58 | €184,132 | €184,363 | +€231 | +0.1% |
| Amounts receivable within one year | 40/41 | €154,202 | €24,441 | -€129,761 | -84.2% |
| Other amounts receivable | 41 | €154,202 | €24,441 | -€129,761 | -84.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,930 | €159,922 | +€129,992 | +434% |
| Total equity and liabilities | 10/49 | €3,083,769 | €3,084,000 | +€231 | 0.0% |
| Equity | 10/15 | €3,063,293 | €3,084,000 | +€20,707 | +0.7% |
| Contributions | 10/11 | €3,084,000 | €3,084,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,707 | €0 | +€20,707 | |
| Amounts payable | 17/49 | €20,476 | €0 | -€20,476 | -100% |
| Amounts payable after more than one year | 17 | €20,476 | €0 | -€20,476 | -100% |
| Other amounts payable | 178/9 | €20,476 | €0 | -€20,476 | -100% |
| Amounts payable within one year | 42/48 | €0 | €0 | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,393 | - | -€158,393 | |
| Other operating charges | 640/8 | €4,673 | €2,724 | -€1,949 | -41.7% |
| Gross operating margin | 9900 | €141,992 | €132,763 | -€9,230 | -6.5% |
| Operating profit (loss) | 9901 | -€21,074 | €130,039 | +€151,113 | |
| Financial income | 75/76B | €599 | - | -€599 | |
| Recurring financial income | 75 | €599 | - | -€599 | |
| Financial charges | 65/66B | €53 | €46 | -€6 | -12.3% |
| Recurring financial charges | 65 | €53 | €46 | -€6 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,527 | €129,992 | +€150,520 | |
| Income taxes | 67/77 | €180 | - | -€180 | |
| Profit (loss) for the period | 9904 | -€20,707 | €129,992 | +€150,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,707 | €129,992 | +€150,700 |
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 28 October 2026 via checked.be.