LAND AND FOREST DEVELOPMENT: 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.
LAND AND FOREST DEVELOPMENT
Largest movements
- Receivables within one year -€10,655
down €10,655 (-18.2%), from €58,648 to €47,994
of which Other amounts receivable: -€8,555
- Tangible fixed assets -€7,269
down €7,269 (-2.4%), from €307,202 to €299,933
of which Plant, machinery and equipment: -€9,994
- Profit (loss) carried forward +€26,682
up €26,682 (+8.6%), from -€311,220 to -€284,538
- Other debts -€26,365
down €26,365 (-4.2%), from €634,271 to €607,906
- Trade debts -€15,308
down €15,308 (-99.6%), from €15,372 to €64
- Gross operating margin +€5,418
up €5,418 (+14.7%), from €36,772 to €42,191
- Other operating charges -€2,685
down €2,685 (-63.2%), from €4,247 to €1,561
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,715 | €358,634 | -€17,081 | -4.5% |
| Fixed assets | 21/28 | €308,414 | €299,933 | -€8,481 | -2.7% |
| Tangible fixed assets | 22/27 | €307,202 | €299,933 | -€7,269 | -2.4% |
| Land and buildings | 22 | €269,077 | €269,077 | = | 0.0% |
| Plant, machinery and equipment | 23 | €37,954 | €27,959 | -€9,994 | -26.3% |
| Furniture and vehicles | 24 | €171 | €2,897 | +€2,726 | +1,596% |
| Financial fixed assets | 28 | €1,212 | - | -€1,212 | |
| Current assets | 29/58 | €67,300 | €58,701 | -€8,599 | -12.8% |
| Amounts receivable within one year | 40/41 | €58,648 | €47,994 | -€10,655 | -18.2% |
| Trade receivables | 40 | €50,081 | €47,982 | -€2,099 | -4.2% |
| Other amounts receivable | 41 | €8,567 | €12 | -€8,555 | -99.9% |
| Cash at bank and in hand | 54/58 | €8,652 | €10,707 | +€2,055 | +23.8% |
| Total equity and liabilities | 10/49 | €375,715 | €358,634 | -€17,081 | -4.5% |
| Equity | 10/15 | -€277,134 | -€250,452 | +€26,682 | +9.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,220 | -€284,538 | +€26,682 | +8.6% |
| Amounts payable | 17/49 | €652,849 | €609,086 | -€43,762 | -6.7% |
| Amounts payable within one year | 42/48 | €652,849 | €609,086 | -€43,762 | -6.7% |
| Financial debts | 43 | €1 | €2 | +€1 | +66.7% |
| Credit institutions | 430/8 | €1 | €2 | +€1 | +66.7% |
| Trade debts | 44 | €15,372 | €64 | -€15,308 | -99.6% |
| Suppliers | 440/4 | €15,372 | €64 | -€15,308 | -99.6% |
| Taxes, remuneration and social security | 45 | €3,204 | €1,114 | -€2,090 | -65.2% |
| Taxes | 450/3 | €3,204 | €1,114 | -€2,090 | -65.2% |
| Other amounts payable | 47/48 | €634,271 | €607,906 | -€26,365 | -4.2% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,769 | €12,187 | +€417 | +3.5% |
| Other operating charges | 640/8 | €4,247 | €1,561 | -€2,685 | -63.2% |
| Non-recurring operating charges | 66A | - | €1,212 | +€1,212 | |
| Gross operating margin | 9900 | €36,772 | €42,191 | +€5,418 | +14.7% |
| Operating profit (loss) | 9901 | €20,756 | €27,230 | +€6,474 | +31.2% |
| Financial income | 75/76B | €2 | €14 | +€12 | +588% |
| Recurring financial income | 75 | €2 | €14 | +€12 | +588% |
| Financial charges | 65/66B | €866 | €563 | -€303 | -35.0% |
| Recurring financial charges | 65 | €866 | €563 | -€303 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €19,893 | €26,682 | +€6,789 | +34.1% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €19,892 | €26,682 | +€6,790 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,892 | €26,682 | +€6,790 | +34.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.