PRIME FORESTS: 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.
What changed
PRIME FORESTS
NACE 46.832, Wholesale of timber
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108,709
2024 · €77,457+€31,252
Equity
€438,150
2024 · €329,441+€108,709
Cash
€145,821
2024 · €73,521+€72,300
Balance sheet total
€943,644
2024 · €1.3m-€347,489
Largest movements
Assets
- Stocks and contracts -€275,152
down €275,152 (-64.5%), from €426,340 to €151,189
- Receivables within one year -€149,859
down €149,859 (-20.8%), from €720,591 to €570,732
of which Trade receivables: -€149,859
- Cash +€72,300
up €72,300 (+98.3%), from €73,521 to €145,821
mainly Stocks and contracts (+€275,152) and Receivables within one year (+€149,859)
- Tangible fixed assets -€31,815
down €31,815 (-45.0%), from €70,680 to €38,865
- Financial fixed assets +€25,000
new in 2025: €25,000
Equity and liabilities
- Trade debts -€483,311
down €483,311 (-70.0%), from €690,789 to €207,477
- Profit (loss) carried forward +€108,709
up €108,709 (+49.5%), from €219,441 to €328,150
- Tax, wage and social debts +€44,067
up €44,067 (+100.6%), from €43,802 to €87,869
of which Taxes: +€43,654
Income statement
- Goods and materials -€635,595
down €635,595 (-12.7%), from €5.0m to €4.4m
of which Purchases: -€794,084
- Turnover -€581,046
down €581,046 (-10.2%), from €5.7m to €5.1m
- Write-downs +€100,000
new in 2025: €100,000
- Services and other goods -€79,335
down €79,335 (-17.4%), from €456,931 to €377,596
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.
Result 2024
€77,457
Turnover
-€581,046
Other operating income
+€10,138
Goods and materials
+€635,595
Services and other goods
+€79,335
Staff costs
+€10,081
Depreciation
+€934
Write-downs
-€100,000
Other operating charges
-€3,362
Financial income
+€4,592
Financial charges
-€14,313
Taxes
-€10,702
Result 2025
€108,709
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.
From operations
+€102,346
Investment
-€25,000
Financing
-€5,046
Cash 2024
€73,521
From operations (derived)
+€102,346
Net result for the year
+€108,709
Depreciation
+€21,778
Stocks and contracts
+€275,152
Receivables within one year
+€149,859
Deferred charges and accrued income
-€2,000
Trade debts
-€483,311
Tax, wage and social debts
+€44,067
Accrued charges and deferred income
-€11,908
Investment (derived)
-€25,000
Investment in fixed assets (net)
-€25,000
Financing
-€5,046
Debts after one year
-€371
Current portion of long-term debt
-€4,675
Cash 2025
€145,821
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,133 | €943,644 | -€347,489 | -26.9% |
| Fixed assets | 21/28 | €70,680 | €73,902 | +€3,222 | +4.6% |
| Intangible fixed assets | 21 | - | €10,037 | +€10,037 | |
| Tangible fixed assets | 22/27 | €70,680 | €38,865 | -€31,815 | -45.0% |
| Furniture and vehicles | 24 | €70,680 | €38,865 | -€31,815 | -45.0% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Affiliated companies | 280/1 | - | €25,000 | +€25,000 | |
| Participating interests | 280 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €1,220,452 | €869,742 | -€350,711 | -28.7% |
| Stocks and contracts in progress | 3 | €426,340 | €151,189 | -€275,152 | -64.5% |
| Stocks | 30/36 | €426,340 | €151,189 | -€275,152 | -64.5% |
| Goods purchased for resale | 34 | €426,340 | €151,189 | -€275,152 | -64.5% |
| Amounts receivable within one year | 40/41 | €720,591 | €570,732 | -€149,859 | -20.8% |
| Trade receivables | 40 | €720,591 | €570,732 | -€149,859 | -20.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €73,521 | €145,821 | +€72,300 | +98.3% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €1,291,133 | €943,644 | -€347,489 | -26.9% |
| Equity | 10/15 | €329,441 | €438,150 | +€108,709 | +33.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,441 | €328,150 | +€108,709 | +49.5% |
| Amounts payable | 17/49 | €961,691 | €505,493 | -€456,198 | -47.4% |
| Amounts payable after more than one year | 17 | €200,969 | €200,598 | -€371 | -0.2% |
| Financial debts | 170/4 | €200,969 | €200,598 | -€371 | -0.2% |
| Subordinated loans | 170 | €191,420 | €200,598 | +€9,178 | +4.8% |
| Credit institutions | 173 | €9,549 | €0 | -€9,549 | -100.0% |
| Amounts payable within one year | 42/48 | €748,814 | €304,896 | -€443,919 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €14,224 | €9,549 | -€4,675 | -32.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €690,789 | €207,477 | -€483,311 | -70.0% |
| Suppliers | 440/4 | €690,789 | €207,477 | -€483,311 | -70.0% |
| Taxes, remuneration and social security | 45 | €43,802 | €87,869 | +€44,067 | +100.6% |
| Taxes | 450/3 | €42,149 | €85,803 | +€43,654 | +103.6% |
| Remuneration and social security | 454/9 | €1,653 | €2,066 | +€413 | +25.0% |
| Accrued charges and deferred income | 492/3 | €11,908 | €0 | -€11,908 | -100.0% |
| Operating income | 70/76A | €5,717,829 | €5,146,921 | -€570,908 | -10.0% |
| Turnover | 70 | €5,686,463 | €5,105,417 | -€581,046 | -10.2% |
| Other operating income | 74 | €31,366 | €41,504 | +€10,138 | +32.3% |
| Operating charges | 60/66A | €5,562,488 | €4,939,906 | -€622,582 | -11.2% |
| Goods for resale, raw materials and consumables | 60 | €4,991,558 | €4,355,964 | -€635,595 | -12.7% |
| Purchases | 600/8 | €4,974,896 | €4,180,812 | -€794,084 | -16.0% |
| Change in stocks: decrease (increase) | 609 | €16,662 | €175,152 | +€158,490 | +951.2% |
| Services and other goods | 61 | €456,931 | €377,596 | -€79,335 | -17.4% |
| Remuneration, social security and pensions | 62 | €87,036 | €76,955 | -€10,081 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,713 | €21,778 | -€934 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €100,000 | +€100,000 | |
| Other operating charges | 640/8 | €4,250 | €7,612 | +€3,362 | +79.1% |
| Operating profit (loss) | 9901 | €155,341 | €207,015 | +€51,674 | +33.3% |
| Financial income | 75/76B | €0 | €4,592 | +€4,592 | |
| Recurring financial income | 75 | €0 | €4,592 | +€4,592 | |
| Income from current assets | 751 | - | €4,592 | +€4,592 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €55,637 | €69,950 | +€14,313 | +25.7% |
| Recurring financial charges | 65 | €55,637 | €69,950 | +€14,313 | +25.7% |
| Debt charges | 650 | €13,870 | €43,758 | +€29,888 | +215.5% |
| Other financial charges | 652/9 | €41,767 | €26,192 | -€15,575 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €99,704 | €141,658 | +€41,953 | +42.1% |
| Income taxes | 67/77 | €22,247 | €32,949 | +€10,702 | +48.1% |
| Taxes | 670/3 | €22,741 | €32,949 | +€10,208 | +44.9% |
| Tax adjustments and reversals of tax provisions | 77 | €494 | €0 | -€494 | -100.0% |
| Profit (loss) for the period | 9904 | €77,457 | €108,709 | +€31,252 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,457 | €108,709 | +€31,252 | +40.3% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.