FOREVER PRODUCTS: 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
FOREVER PRODUCTS
NACE 46.851, Wholesale of industrial chemicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.5m-€188,478
Equity
€8.4m
2024 · €7.1m+€1.3m
Cash
€1.9m
2024 · €660,562+€1.3m
Balance sheet total
€13.5m
2024 · €12.1m+€1.4m
Largest movements
Assets
- Cash +€1.3m
up €1.3m (+193%), from €660,562 to €1.9m
mainly Net result for the year (+€1.3m) and Depreciation (+€512,938)
- Stocks and contracts -€487,471
down €487,471 (-15.4%), from €3.2m to €2.7m
- Intangible fixed assets +€279,863
new in 2025: €279,863
- Current investments +€240,010
up €240,010 (+11.9%), from €2.0m to €2.3m
- Receivables within one year +€220,549
up €220,549 (+4.7%), from €4.7m to €5.0m
of which Trade receivables: +€338,471
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+27.9%), from €4.8m to €6.2m
- Accrued charges and deferred income +€434,550
up €434,550 (+56.0%), from €776,606 to €1.2m
- Trade debts -€162,620
down €162,620 (-5.2%), from €3.1m to €3.0m
Income statement
- Turnover -€954,685
down €954,685 (-3.8%), from €25.1m to €24.2m
- Goods and materials -€887,511
down €887,511 (-5.9%), from €15.0m to €14.2m
of which Purchases: -€1.5m
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
€1.5m
Turnover
-€954,685
Other operating income
-€18,669
Goods and materials
+€887,511
Services and other goods
-€244,001
Staff costs
+€88,698
Depreciation
+€1,431
Write-downs
-€3,918
Other operating charges
+€3,812
Other operating items
-€28,254
Financial income
+€4,261
Financial charges
+€16,241
Taxes
+€59,095
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€2.2m
Investment
-€873,664
Financing
-€40,605
Cash 2024
€660,562
From operations (derived)
+€2.2m
Net result for the year
+€1.3m
Depreciation
+€512,938
Stocks and contracts
+€487,471
Receivables within one year
-€220,549
Deferred charges and accrued income
-€59,106
Trade debts
-€162,620
Tax, wage and social debts
-€97,336
Other debts
-€49,161
Accrued charges and deferred income
+€434,550
Investment (derived)
-€873,664
Investment in fixed assets (net)
-€633,654
Current investments
-€240,010
Financing
-€40,605
Debts after one year
-€27,362
Current portion of long-term debt
-€13,243
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,090,998 | €13,520,241 | +€1.4m | +11.8% |
| Fixed assets | 21/28 | €1,477,348 | €1,598,065 | +€120,716 | +8.2% |
| Intangible fixed assets | 21 | - | €279,863 | +€279,863 | |
| Tangible fixed assets | 22/27 | €1,471,103 | €1,311,957 | -€159,147 | -10.8% |
| Plant, machinery and equipment | 23 | €1,088,611 | €986,866 | -€101,744 | -9.3% |
| Furniture and vehicles | 24 | €189,086 | €136,274 | -€52,812 | -27.9% |
| Leasing and similar rights | 25 | €84,604 | €44,354 | -€40,250 | -47.6% |
| Other tangible fixed assets | 26 | €108,802 | €120,212 | +€11,410 | +10.5% |
| Assets under construction and advance payments | 27 | €0 | €24,250 | +€24,250 | |
| Financial fixed assets | 28 | €6,245 | €6,245 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,245 | €6,245 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,245 | €6,245 | = | 0.0% |
| Current assets | 29/58 | €10,613,650 | €11,922,176 | +€1.3m | +12.3% |
| Stocks and contracts in progress | 3 | €3,163,042 | €2,675,570 | -€487,471 | -15.4% |
| Stocks | 30/36 | €3,163,042 | €2,675,570 | -€487,471 | -15.4% |
| Raw materials and consumables | 30/31 | €1,153,014 | €930,695 | -€222,319 | -19.3% |
| Finished goods | 33 | €1,165,547 | €1,020,877 | -€144,670 | -12.4% |
| Goods purchased for resale | 34 | €844,481 | €723,998 | -€120,483 | -14.3% |
| Amounts receivable within one year | 40/41 | €4,736,684 | €4,957,233 | +€220,549 | +4.7% |
| Trade receivables | 40 | €4,302,849 | €4,641,320 | +€338,471 | +7.9% |
| Other amounts receivable | 41 | €433,835 | €315,913 | -€117,922 | -27.2% |
| Current investments | 50/53 | €2,009,990 | €2,250,000 | +€240,010 | +11.9% |
| Other investments | 51/53 | €2,009,990 | €2,250,000 | +€240,010 | +11.9% |
| Cash at bank and in hand | 54/58 | €660,562 | €1,936,895 | +€1.3m | +193% |
| Deferred charges and accrued income | 490/1 | €43,372 | €102,479 | +€59,106 | +136% |
| Total equity and liabilities | 10/49 | €12,090,998 | €13,520,241 | +€1.4m | +11.8% |
| Equity | 10/15 | €7,077,838 | €8,422,252 | +€1.3m | +19.0% |
| Contributions | 10/11 | €1,180,000 | €1,180,000 | = | 0.0% |
| Capital | 10 | €1,180,000 | €1,180,000 | = | 0.0% |
| Issued capital | 100 | €1,180,000 | €1,180,000 | = | 0.0% |
| Reserves | 13 | €1,073,106 | €1,073,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118,000 | €118,000 | = | 0.0% |
| Legal reserve | 130 | €118,000 | €118,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,600 | €12,600 | = | 0.0% |
| Distributable reserves | 133 | €942,506 | €942,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,824,732 | €6,169,146 | +€1.3m | +27.9% |
| Amounts payable | 17/49 | €5,013,160 | €5,097,989 | +€84,829 | +1.7% |
| Amounts payable after more than one year | 17 | €52,392 | €25,030 | -€27,362 | -52.2% |
| Financial debts | 170/4 | €52,392 | €25,030 | -€27,362 | -52.2% |
| Leasing and similar obligations | 172 | €52,392 | €25,030 | -€27,362 | -52.2% |
| Amounts payable within one year | 42/48 | €4,184,162 | €3,861,803 | -€322,360 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €40,605 | €27,362 | -€13,243 | -32.6% |
| Trade debts | 44 | €3,115,267 | €2,952,647 | -€162,620 | -5.2% |
| Suppliers | 440/4 | €3,115,267 | €2,952,647 | -€162,620 | -5.2% |
| Taxes, remuneration and social security | 45 | €816,651 | €719,315 | -€97,336 | -11.9% |
| Taxes | 450/3 | €293,394 | €295,270 | +€1,875 | +0.6% |
| Remuneration and social security | 454/9 | €523,256 | €424,045 | -€99,211 | -19.0% |
| Other amounts payable | 47/48 | €211,640 | €162,479 | -€49,161 | -23.2% |
| Accrued charges and deferred income | 492/3 | €776,606 | €1,211,156 | +€434,550 | +56.0% |
| Operating income | 70/76A | €25,296,704 | €24,295,846 | -€1.0m | -4.0% |
| Turnover | 70 | €25,108,781 | €24,154,095 | -€954,685 | -3.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€314,433 | -€144,670 | +€169,763 | +54.0% |
| Other operating income | 74 | €287,769 | €269,101 | -€18,669 | -6.5% |
| Non-recurring operating income | 76A | €214,587 | €17,320 | -€197,267 | -91.9% |
| Operating charges | 60/66A | €22,695,221 | €21,962,438 | -€732,783 | -3.2% |
| Goods for resale, raw materials and consumables | 60 | €15,041,297 | €14,153,786 | -€887,511 | -5.9% |
| Purchases | 600/8 | €15,293,549 | €13,815,687 | -€1.5m | -9.7% |
| Change in stocks: decrease (increase) | 609 | -€252,251 | €338,099 | +€590,350 | |
| Services and other goods | 61 | €3,332,572 | €3,576,572 | +€244,001 | +7.3% |
| Remuneration, social security and pensions | 62 | €3,703,711 | €3,615,014 | -€88,698 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,369 | €512,938 | -€1,431 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,151 | €6,070 | +€3,918 | +182% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €100,298 | €96,487 | -€3,812 | -3.8% |
| Non-recurring operating charges | 66A | €822 | €1,572 | +€750 | +91.2% |
| Operating profit (loss) | 9901 | €2,601,484 | €2,333,408 | -€268,075 | -10.3% |
| Financial income | 75/76B | €49,009 | €53,270 | +€4,261 | +8.7% |
| Recurring financial income | 75 | €49,009 | €53,270 | +€4,261 | +8.7% |
| Income from current assets | 751 | €42,531 | €49,420 | +€6,889 | +16.2% |
| Other financial income | 752/9 | €6,478 | €3,850 | -€2,628 | -40.6% |
| Financial charges | 65/66B | €530,422 | €514,180 | -€16,241 | -3.1% |
| Recurring financial charges | 65 | €530,088 | €513,587 | -€16,501 | -3.1% |
| Debt charges | 650 | €21,039 | €22,152 | +€1,113 | +5.3% |
| Other financial charges | 652/9 | €509,049 | €491,434 | -€17,614 | -3.5% |
| Non-recurring financial charges | 66B | €334 | €594 | +€260 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €2,120,071 | €1,872,498 | -€247,573 | -11.7% |
| Income taxes | 67/77 | €587,179 | €528,084 | -€59,095 | -10.1% |
| Taxes | 670/3 | €587,367 | €528,084 | -€59,282 | -10.1% |
| Tax adjustments and reversals of tax provisions | 77 | €188 | €0 | -€188 | -100% |
| Profit (loss) for the period | 9904 | €1,532,892 | €1,344,414 | -€188,478 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,532,892 | €1,344,414 | -€188,478 | -12.3% |
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 23 October 2026 via checked.be.