FOREST-COM: what changed
FOREST-COM
Largest movements
- Tangible fixed assets -€59,288
down €59,288 (-58.0%), from €102,218 to €42,930
of which Furniture and vehicles: -€48,481
- Receivables within one year -€17,454
down €17,454 (-36.9%), from €47,237 to €29,783
of which Trade receivables: -€15,783
- Stocks and contracts +€11,688
up €11,688 (+11.3%), from €103,696 to €115,384
- Cash -€4,532
down €4,532 (-14.2%), from €31,835 to €27,304
mainly Net result for the year (-€39,384) and Other debts (-€29,944)
- Profit (loss) carried forward -€39,384
down €39,384 (-19.9%), from -€197,739 to -€237,124
- Other debts -€29,944
down €29,944 (-7.3%), from €411,189 to €381,244
- Gross operating margin -€29,681
down €29,681, from €21,807 to -€7,874
- Depreciation -€8,430
down €8,430 (-21.2%), from €39,718 to €31,288
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,190 | €216,862 | -€69,327 | -24.2% |
| Fixed assets | 21/28 | €102,218 | €42,930 | -€59,288 | -58.0% |
| Tangible fixed assets | 22/27 | €102,218 | €42,930 | -€59,288 | -58.0% |
| Plant, machinery and equipment | 23 | €39,738 | €28,932 | -€10,807 | -27.2% |
| Furniture and vehicles | 24 | €62,480 | €13,998 | -€48,481 | -77.6% |
| Current assets | 29/58 | €183,972 | €173,932 | -€10,039 | -5.5% |
| Stocks and contracts in progress | 3 | €103,696 | €115,384 | +€11,688 | +11.3% |
| Stocks | 30/36 | €103,696 | €115,384 | +€11,688 | +11.3% |
| Amounts receivable within one year | 40/41 | €47,237 | €29,783 | -€17,454 | -36.9% |
| Trade receivables | 40 | €45,028 | €29,245 | -€15,783 | -35.1% |
| Other amounts receivable | 41 | €2,209 | €538 | -€1,671 | -75.6% |
| Cash at bank and in hand | 54/58 | €31,835 | €27,304 | -€4,532 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,203 | €1,461 | +€258 | +21.4% |
| Total equity and liabilities | 10/49 | €286,190 | €216,862 | -€69,327 | -24.2% |
| Equity | 10/15 | -€147,739 | -€187,124 | -€39,384 | -26.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,739 | -€237,124 | -€39,384 | -19.9% |
| Amounts payable | 17/49 | €433,929 | €403,986 | -€29,943 | -6.9% |
| Amounts payable within one year | 42/48 | €433,906 | €403,986 | -€29,920 | -6.9% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €22,543 | €22,741 | +€199 | +0.9% |
| Suppliers | 440/4 | €22,543 | €22,741 | +€199 | +0.9% |
| Taxes, remuneration and social security | 45 | €165 | - | -€165 | |
| Taxes | 450/3 | €165 | - | -€165 | |
| Other amounts payable | 47/48 | €411,189 | €381,244 | -€29,944 | -7.3% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,718 | €31,288 | -€8,430 | -21.2% |
| Other operating charges | 640/8 | €128 | €69 | -€59 | -46.3% |
| Gross operating margin | 9900 | €21,807 | -€7,874 | -€29,681 | |
| Operating profit (loss) | 9901 | -€18,039 | -€39,231 | -€21,192 | -117% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,900% |
| Financial charges | 65/66B | €241 | €154 | -€86 | -35.8% |
| Recurring financial charges | 65 | €241 | €154 | -€86 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,279 | -€39,384 | -€21,105 | -115% |
| Profit (loss) for the period | 9904 | -€18,279 | -€39,384 | -€21,105 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,279 | -€39,384 | -€21,105 | -115% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.