La Forêt: 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.
La Forêt
Largest movements
- Cash +€20,290
up €20,290 (+45.1%), from €45,009 to €65,300
mainly Provisions (+€60,460) and Receivables within one year (+€6,579)
- Receivables within one year -€6,579
down €6,579 (-11.5%), from €57,109 to €50,530
of which Trade receivables: -€56,822
- Provisions +€60,460
new in 2025: €60,460
- Profit (loss) carried forward -€31,107
new in 2025: -€31,107
- Tax, wage and social debts -€9,593
down €9,593 (-69.0%), from €13,910 to €4,317
of which Taxes: -€9,593
- Trade debts -€4,916
down €4,916 (-68.5%), from €7,179 to €2,263
- Provisions +€60,460
new in 2025: €60,460
- Gross operating margin -€47,021
down €47,021 (-55.1%), from €85,379 to €38,358
- Taxes -€15,452
down €15,452 (-67.8%), from €22,790 to €7,338
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 | €104,153 | €118,997 | +€14,844 | +14.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,633 | €2,743 | +€1,111 | +68.0% |
| Tangible fixed assets | 22/27 | €1,633 | €2,743 | +€1,111 | +68.0% |
| Plant, machinery and equipment | 23 | €1,633 | €2,743 | +€1,111 | +68.0% |
| Current assets | 29/58 | €102,520 | €116,254 | +€13,733 | +13.4% |
| Amounts receivable within one year | 40/41 | €57,109 | €50,530 | -€6,579 | -11.5% |
| Trade receivables | 40 | €56,822 | €0 | -€56,822 | -100.0% |
| Other amounts receivable | 41 | €287 | €50,530 | +€50,243 | +17492.8% |
| Cash at bank and in hand | 54/58 | €45,009 | €65,300 | +€20,290 | +45.1% |
| Deferred charges and accrued income | 490/1 | €402 | €424 | +€22 | +5.4% |
| Total equity and liabilities | 10/49 | €104,153 | €118,997 | +€14,844 | +14.3% |
| Equity | 10/15 | €83,063 | €51,956 | -€31,107 | -37.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,063 | €78,063 | = | 0.0% |
| Distributable reserves | 133 | €78,063 | €78,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,107 | -€31,107 | |
| Provisions and deferred taxes | 16 | - | €60,460 | +€60,460 | |
| Provisions for liabilities and charges | 160/5 | - | €60,460 | +€60,460 | |
| Other liabilities and charges | 164/5 | - | €60,460 | +€60,460 | |
| Amounts payable | 17/49 | €21,090 | €6,581 | -€14,509 | -68.8% |
| Amounts payable within one year | 42/48 | €21,090 | €6,581 | -€14,509 | -68.8% |
| Trade debts | 44 | €7,179 | €2,263 | -€4,916 | -68.5% |
| Suppliers | 440/4 | €7,179 | €2,263 | -€4,916 | -68.5% |
| Taxes, remuneration and social security | 45 | €13,910 | €4,317 | -€9,593 | -69.0% |
| Taxes | 450/3 | €12,930 | €3,337 | -€9,593 | -74.2% |
| Remuneration and social security | 454/9 | €980 | €980 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €985 | €728 | -€257 | -26.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €60,460 | +€60,460 | |
| Other operating charges | 640/8 | €440 | €434 | -€6 | -1.3% |
| Gross operating margin | 9900 | €85,379 | €38,358 | -€47,021 | -55.1% |
| Operating profit (loss) | 9901 | €83,954 | -€23,265 | -€107,218 | |
| Financial charges | 65/66B | €390 | €504 | +€115 | +29.4% |
| Recurring financial charges | 65 | €390 | €504 | +€115 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €83,564 | -€23,769 | -€107,333 | |
| Income taxes | 67/77 | €22,790 | €7,338 | -€15,452 | -67.8% |
| Profit (loss) for the period | 9904 | €60,774 | -€31,107 | -€91,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,774 | -€31,107 | -€91,881 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.