FORREZ: 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.
FORREZ
Largest movements
- Tangible fixed assets -€39,172
down €39,172 (-4.6%), from €854,938 to €815,766
of which Land and buildings: -€26,543
- Debts after one year -€27,485
down €27,485 (-5.0%), from €544,320 to €516,835
- Financial income +€2,313
up €2,313 (+29.0%), from €7,967 to €10,280
- Gross operating margin +€1,531
up €1,531 (+3.3%), from €46,108 to €47,639
- Other operating charges +€1,444
up €1,444 (+29.4%), from €4,908 to €6,352
- Financial charges -€488
down €488 (-3.7%), from €13,063 to €12,575
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 | €1,263,877 | €1,232,466 | -€31,411 | -2.5% |
| Fixed assets | 21/28 | €854,938 | €815,766 | -€39,172 | -4.6% |
| Tangible fixed assets | 22/27 | €854,938 | €815,766 | -€39,172 | -4.6% |
| Land and buildings | 22 | €808,869 | €782,326 | -€26,543 | -3.3% |
| Plant, machinery and equipment | 23 | €881 | €671 | -€210 | -23.8% |
| Furniture and vehicles | 24 | €45,188 | €32,769 | -€12,419 | -27.5% |
| Current assets | 29/58 | €408,939 | €416,700 | +€7,761 | +1.9% |
| Amounts receivable within one year | 40/41 | €6,693 | €9,331 | +€2,638 | +39.4% |
| Trade receivables | 40 | €6,693 | €4,489 | -€2,204 | -32.9% |
| Other amounts receivable | 41 | - | €4,842 | +€4,842 | |
| Current investments | 50/53 | €386,886 | €393,794 | +€6,908 | +1.8% |
| Cash at bank and in hand | 54/58 | €14,206 | €12,345 | -€1,861 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,154 | €1,230 | +€76 | +6.6% |
| Total equity and liabilities | 10/49 | €1,263,877 | €1,232,466 | -€31,411 | -2.5% |
| Equity | 10/15 | €615,899 | €613,482 | -€2,417 | -0.4% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €508,980 | €508,980 | = | 0.0% |
| Distributable reserves | 133 | €508,980 | €508,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,919 | €9,502 | -€2,417 | -20.3% |
| Amounts payable | 17/49 | €647,978 | €618,984 | -€28,994 | -4.5% |
| Amounts payable after more than one year | 17 | €544,320 | €516,835 | -€27,485 | -5.0% |
| Financial debts | 170/4 | €544,320 | €516,835 | -€27,485 | -5.0% |
| Amounts payable within one year | 42/48 | €103,658 | €102,149 | -€1,509 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €27,012 | €27,485 | +€473 | +1.8% |
| Trade debts | 44 | €488 | - | -€488 | |
| Suppliers | 440/4 | €488 | - | -€488 | |
| Taxes, remuneration and social security | 45 | €2,703 | €2,556 | -€147 | -5.4% |
| Taxes | 450/3 | €2,203 | €2,056 | -€147 | -6.7% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €73,455 | €72,108 | -€1,347 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,054 | €39,172 | +€118 | +0.3% |
| Other operating charges | 640/8 | €4,908 | €6,352 | +€1,444 | +29.4% |
| Gross operating margin | 9900 | €46,108 | €47,639 | +€1,531 | +3.3% |
| Operating profit (loss) | 9901 | €2,146 | €2,115 | -€31 | -1.4% |
| Financial income | 75/76B | €7,967 | €10,280 | +€2,313 | +29.0% |
| Recurring financial income | 75 | €7,967 | €10,280 | +€2,313 | +29.0% |
| Financial charges | 65/66B | €13,063 | €12,575 | -€488 | -3.7% |
| Recurring financial charges | 65 | €13,063 | €12,575 | -€488 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,950 | -€180 | +€2,770 | +93.9% |
| Income taxes | 67/77 | €2,430 | €2,237 | -€193 | -7.9% |
| Profit (loss) for the period | 9904 | -€5,380 | -€2,417 | +€2,963 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,380 | -€2,417 | +€2,963 | +55.1% |
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 4 October 2026 via checked.be.