The 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.
The Forests
Largest movements
- Receivables within one year +€11,607
up €11,607 (+25.4%), from €45,712 to €57,319
- Tangible fixed assets -€7,390
down €7,390 (-3.4%), from €218,354 to €210,964
- Cash +€3,083
up €3,083 (+138.1%), from €2,233 to €5,316
mainly Depreciation (+€7,390) and Net result for the year (+€5,727)
- Profit (loss) carried forward +€5,727
up €5,727 (+10.0%), from €57,378 to €63,106
- Gross operating margin +€8,041
up €8,041 (+97.1%), from €8,284 to €16,325
- Taxes +€2,085
new in 2025: €2,085
- Financial income +€430
up €430 (+18.0%), from €2,392 to €2,822
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 | €266,995 | €274,288 | +€7,293 | +2.7% |
| Fixed assets | 21/28 | €218,354 | €210,964 | -€7,390 | -3.4% |
| Tangible fixed assets | 22/27 | €218,354 | €210,964 | -€7,390 | -3.4% |
| Land and buildings | 22 | €218,354 | €210,964 | -€7,390 | -3.4% |
| Current assets | 29/58 | €48,641 | €63,323 | +€14,682 | +30.2% |
| Amounts receivable within one year | 40/41 | €45,712 | €57,319 | +€11,607 | +25.4% |
| Other amounts receivable | 41 | €45,712 | €57,319 | +€11,607 | +25.4% |
| Cash at bank and in hand | 54/58 | €2,233 | €5,316 | +€3,083 | +138.1% |
| Deferred charges and accrued income | 490/1 | €696 | €688 | -€8 | -1.1% |
| Total equity and liabilities | 10/49 | €266,995 | €274,288 | +€7,293 | +2.7% |
| Equity | 10/15 | €125,578 | €131,306 | +€5,727 | +4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,378 | €63,106 | +€5,727 | +10.0% |
| Amounts payable | 17/49 | €141,417 | €142,982 | +€1,565 | +1.1% |
| Amounts payable within one year | 42/48 | €141,417 | €142,582 | +€1,165 | +0.8% |
| Trade debts | 44 | €920 | €0 | -€920 | -100.0% |
| Suppliers | 440/4 | €920 | €0 | -€920 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €2,085 | +€2,085 | |
| Taxes | 450/3 | - | €2,085 | +€2,085 | |
| Other amounts payable | 47/48 | €140,497 | €140,497 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,390 | €7,390 | = | 0.0% |
| Other operating charges | 640/8 | €3,735 | €3,864 | +€129 | +3.5% |
| Gross operating margin | 9900 | €8,284 | €16,325 | +€8,041 | +97.1% |
| Operating profit (loss) | 9901 | -€2,841 | €5,071 | +€7,912 | |
| Financial income | 75/76B | €2,392 | €2,822 | +€430 | +18.0% |
| Recurring financial income | 75 | €2,392 | €2,822 | +€430 | +18.0% |
| Financial charges | 65/66B | €29 | €82 | +€53 | +186.0% |
| Recurring financial charges | 65 | €29 | €82 | +€53 | +186.0% |
| Profit (loss) for the period before taxes | 9903 | -€477 | €7,812 | +€8,289 | |
| Income taxes | 67/77 | - | €2,085 | +€2,085 | |
| Profit (loss) for the period | 9904 | -€477 | €5,727 | +€6,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€477 | €5,727 | +€6,204 |
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 9 October 2026 via checked.be.