LE FORIEST: 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.
LE FORIEST
Largest movements
- Tangible fixed assets -€56,196
down €56,196 (-4.2%), from €1.3m to €1.3m
- Debts after one year -€43,195
down €43,195 (-11.6%), from €371,441 to €328,246
- Tax, wage and social debts -€31,151
down €31,151 (-78.2%), from €39,853 to €8,701
- Profit (loss) carried forward +€23,903
up €23,903 (+13.0%), from €183,357 to €207,260
- Gross operating margin -€10,594
down €10,594 (-8.1%), from €130,446 to €119,852
- Taxes -€5,728
down €5,728 (-39.7%), from €14,429 to €8,701
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 | €1,386,169 | €1,342,501 | -€43,668 | -3.2% |
| Fixed assets | 21/28 | €1,380,075 | €1,323,878 | -€56,196 | -4.1% |
| Tangible fixed assets | 22/27 | €1,330,075 | €1,273,878 | -€56,196 | -4.2% |
| Land and buildings | 22 | €1,330,075 | €1,273,878 | -€56,196 | -4.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €6,094 | €18,623 | +€12,529 | +205.6% |
| Amounts receivable within one year | 40/41 | - | €1,400 | +€1,400 | |
| Trade receivables | 40 | - | €1,400 | +€1,400 | |
| Cash at bank and in hand | 54/58 | €6,094 | €17,223 | +€11,129 | +182.6% |
| Total equity and liabilities | 10/49 | €1,386,169 | €1,342,501 | -€43,668 | -3.2% |
| Equity | 10/15 | €305,787 | €329,690 | +€23,903 | +7.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €2,430 | €2,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,430 | €2,430 | = | 0.0% |
| Legal reserve | 130 | €2,430 | €2,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,357 | €207,260 | +€23,903 | +13.0% |
| Amounts payable | 17/49 | €1,080,382 | €1,012,811 | -€67,571 | -6.3% |
| Amounts payable after more than one year | 17 | €371,441 | €328,246 | -€43,195 | -11.6% |
| Financial debts | 170/4 | €371,441 | €328,246 | -€43,195 | -11.6% |
| Amounts payable within one year | 42/48 | €708,941 | €684,566 | -€24,376 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €42,192 | €43,195 | +€1,003 | +2.4% |
| Trade debts | 44 | €2,602 | €12,941 | +€10,339 | +397.3% |
| Suppliers | 440/4 | €2,602 | €12,941 | +€10,339 | +397.3% |
| Taxes, remuneration and social security | 45 | €39,853 | €8,701 | -€31,151 | -78.2% |
| Taxes | 450/3 | €39,853 | €8,701 | -€31,151 | -78.2% |
| Other amounts payable | 47/48 | €624,294 | €619,728 | -€4,566 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,430 | €71,195 | +€765 | +1.1% |
| Other operating charges | 640/8 | €6,857 | €6,363 | -€494 | -7.2% |
| Gross operating margin | 9900 | €130,446 | €119,852 | -€10,594 | -8.1% |
| Operating profit (loss) | 9901 | €53,158 | €42,293 | -€10,865 | -20.4% |
| Financial charges | 65/66B | €10,954 | €9,689 | -€1,265 | -11.5% |
| Recurring financial charges | 65 | €10,954 | €9,689 | -€1,265 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €42,205 | €32,605 | -€9,600 | -22.7% |
| Income taxes | 67/77 | €14,429 | €8,701 | -€5,728 | -39.7% |
| Profit (loss) for the period | 9904 | €27,776 | €23,903 | -€3,873 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,776 | €23,903 | -€3,873 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.