LA FORET NOIRE: 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.
LA FORET NOIRE
Largest movements
- Tangible fixed assets -€16,402
down €16,402 (-47.4%), from €34,631 to €18,229
of which Furniture and vehicles: -€9,649
- Cash -€5,870
down €5,870 (-10.8%), from €54,221 to €48,351
mainly Net result for the year (-€13,785) and Debts after one year (-€10,096)
- Receivables within one year +€3,027
up €3,027 (+32.0%), from €9,473 to €12,500
of which Other amounts receivable: +€1,774
- Reserves -€13,500
down €13,500 (-17.2%), from €78,632 to €65,132
- Tax, wage and social debts +€13,230
up €13,230 (+195%), from €6,774 to €20,005
of which Remuneration and social security: +€12,083
- Debts after one year -€10,096
down €10,096 (-59.9%), from €16,867 to €6,771
- Profit (loss) carried forward -€7,985
down €7,985, from €0 to -€7,985
- Trade debts -€2,406
down €2,406 (-14.5%), from €16,632 to €14,226
- Gross operating margin -€6,012
down €6,012 (-10.1%), from €59,361 to €53,349
- Other operating charges +€1,355
up €1,355 (+182%), from €744 to €2,100
- Staff costs +€926
up €926 (+1.9%), from €49,041 to €49,967
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 | €154,488 | €134,536 | -€19,952 | -12.9% |
| Fixed assets | 21/28 | €34,631 | €18,229 | -€16,402 | -47.4% |
| Tangible fixed assets | 22/27 | €34,631 | €18,229 | -€16,402 | -47.4% |
| Plant, machinery and equipment | 23 | €1,107 | €464 | -€643 | -58.1% |
| Furniture and vehicles | 24 | €26,575 | €16,927 | -€9,649 | -36.3% |
| Other tangible fixed assets | 26 | €6,949 | €839 | -€6,110 | -87.9% |
| Current assets | 29/58 | €119,857 | €116,307 | -€3,550 | -3.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,387 | €4,161 | -€225 | -5.1% |
| Stocks | 30/36 | €4,387 | €4,161 | -€225 | -5.1% |
| Amounts receivable within one year | 40/41 | €9,473 | €12,500 | +€3,027 | +32.0% |
| Trade receivables | 40 | €1,214 | €2,467 | +€1,253 | +103% |
| Other amounts receivable | 41 | €8,259 | €10,033 | +€1,774 | +21.5% |
| Cash at bank and in hand | 54/58 | €54,221 | €48,351 | -€5,870 | -10.8% |
| Deferred charges and accrued income | 490/1 | €1,776 | €1,294 | -€482 | -27.1% |
| Total equity and liabilities | 10/49 | €154,488 | €134,536 | -€19,952 | -12.9% |
| Equity | 10/15 | €97,224 | €75,739 | -€21,485 | -22.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €78,632 | €65,132 | -€13,500 | -17.2% |
| Distributable reserves | 133 | €78,632 | €65,132 | -€13,500 | -17.2% |
| Profit (loss) carried forward | 14 | €0 | -€7,985 | -€7,985 | |
| Amounts payable | 17/49 | €57,263 | €58,797 | +€1,534 | +2.7% |
| Amounts payable after more than one year | 17 | €16,867 | €6,771 | -€10,096 | -59.9% |
| Financial debts | 170/4 | €16,867 | €6,771 | -€10,096 | -59.9% |
| Amounts payable within one year | 42/48 | €40,346 | €52,026 | +€11,680 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €10,024 | €10,096 | +€72 | +0.7% |
| Trade debts | 44 | €16,632 | €14,226 | -€2,406 | -14.5% |
| Suppliers | 440/4 | €16,632 | €14,226 | -€2,406 | -14.5% |
| Taxes, remuneration and social security | 45 | €6,774 | €20,005 | +€13,230 | +195% |
| Taxes | 450/3 | €3,192 | €4,339 | +€1,147 | +35.9% |
| Remuneration and social security | 454/9 | €3,582 | €15,665 | +€12,083 | +337% |
| Other amounts payable | 47/48 | €6,916 | €7,700 | +€784 | +11.3% |
| Accrued charges and deferred income | 492/3 | €51 | €0 | -€51 | -100% |
| Remuneration, social security and pensions | 62 | €49,041 | €49,967 | +€926 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,473 | €16,402 | -€71 | -0.4% |
| Other operating charges | 640/8 | €744 | €2,100 | +€1,355 | +182% |
| Gross operating margin | 9900 | €59,361 | €53,349 | -€6,012 | -10.1% |
| Operating profit (loss) | 9901 | -€6,897 | -€15,120 | -€8,222 | -119% |
| Financial income | 75/76B | €1,884 | €1,838 | -€46 | -2.4% |
| Recurring financial income | 75 | €1,884 | €1,838 | -€46 | -2.4% |
| Financial charges | 65/66B | €486 | €372 | -€114 | -23.5% |
| Recurring financial charges | 65 | €486 | €372 | -€114 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,500 | -€13,653 | -€8,154 | -148% |
| Income taxes | 67/77 | €139 | €132 | -€7 | -4.7% |
| Profit (loss) for the period | 9904 | -€5,638 | -€13,785 | -€8,147 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,638 | -€13,785 | -€8,147 | -145% |
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 23 October 2026 via checked.be.