Forrez Services: 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.
What changed
Forrez Services
NACE 95.315, Tyre services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,559
2024 · €41,228-€37,669
Equity
€241,170
2024 · €237,611+€3,559
Cash
€125,111
2024 · €71,906+€53,205
Balance sheet total
€1.8m
2024 · €1.7m+€67,290
Largest movements
Assets
- Cash +€53,205
up €53,205 (+74.0%), from €71,906 to €125,111
mainly Trade debts (+€192,848) and Depreciation (+€68,746)
- Stocks and contracts +€40,209
up €40,209 (+7.7%), from €523,728 to €563,937
- Tangible fixed assets -€24,410
down €24,410 (-5.7%), from €429,760 to €405,350
of which Land and buildings: -€25,538
Equity and liabilities
- Trade debts +€192,848
up €192,848 (+81.9%), from €235,534 to €428,382
- Current portion of long-term debt -€47,872
down €47,872 (-57.4%), from €83,346 to €35,474
- Debts after one year -€35,474
down €35,474 (-4.2%), from €835,474 to €800,000
of which Financial debts: -€35,474
- Tax, wage and social debts -€22,370
down €22,370 (-31.2%), from €71,663 to €49,293
of which Remuneration and social security: -€21,875
- Advances received -€17,935
down €17,935 (-28.3%), from €63,449 to €45,514
Income statement
- Turnover -€59,090
down €59,090 (-1.6%), from €3.6m to €3.6m
- Staff costs -€37,248
down €37,248 (-9.8%), from €380,488 to €343,240
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
€41,228
Turnover
-€59,090
Other operating income
-€1,161
Goods and materials
+€2,835
Services and other goods
-€20,133
Staff costs
+€37,248
Depreciation
+€5,982
Write-downs
-€25,612
Other operating charges
+€712
Financial income
+€1,092
Financial charges
+€8,051
Taxes
+€12,407
Result 2025
€3,559
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
+€169,395
Investment
-€40,336
Financing
-€75,853
Cash 2024
€71,906
From operations (derived)
+€169,395
Net result for the year
+€3,559
Depreciation
+€68,746
Stocks and contracts
-€40,209
Receivables within one year
-€892
Deferred charges and accrued income
-€1,393
Trade debts
+€192,848
Tax, wage and social debts
-€22,370
Advances received
-€17,935
Other debts
-€12,514
Accrued charges and deferred income
-€446
Investment (derived)
-€40,336
Investment in fixed assets (net)
-€40,336
Financing
-€75,853
Debts after one year
-€35,474
Current portion of long-term debt
-€47,872
Short-term financial debts
+€7,493
Cash 2025
€125,111
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,691,479 | €1,758,770 | +€67,290 | +4.0% |
| Fixed assets | 21/28 | €447,032 | €418,622 | -€28,410 | -6.4% |
| Intangible fixed assets | 21 | €16,722 | €12,722 | -€4,000 | -23.9% |
| Tangible fixed assets | 22/27 | €429,760 | €405,350 | -€24,410 | -5.7% |
| Land and buildings | 22 | €367,266 | €341,728 | -€25,538 | -7.0% |
| Plant, machinery and equipment | 23 | €29,486 | €41,305 | +€11,819 | +40.1% |
| Furniture and vehicles | 24 | €25,431 | €15,482 | -€9,949 | -39.1% |
| Other tangible fixed assets | 26 | €355 | €0 | -€355 | -100.0% |
| Assets under construction and advance payments | 27 | €7,222 | €6,836 | -€387 | -5.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Other financial fixed assets | 284/8 | €550 | €550 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,244,448 | €1,340,147 | +€95,700 | +7.7% |
| Stocks and contracts in progress | 3 | €523,728 | €563,937 | +€40,209 | +7.7% |
| Stocks | 30/36 | €523,728 | €563,937 | +€40,209 | +7.7% |
| Goods purchased for resale | 34 | €523,728 | €563,937 | +€40,209 | +7.7% |
| Amounts receivable within one year | 40/41 | €643,266 | €644,157 | +€892 | +0.1% |
| Trade receivables | 40 | €628,725 | €643,281 | +€14,556 | +2.3% |
| Other amounts receivable | 41 | €14,541 | €877 | -€13,664 | -94.0% |
| Cash at bank and in hand | 54/58 | €71,906 | €125,111 | +€53,205 | +74.0% |
| Deferred charges and accrued income | 490/1 | €5,549 | €6,942 | +€1,393 | +25.1% |
| Total equity and liabilities | 10/49 | €1,691,479 | €1,758,770 | +€67,290 | +4.0% |
| Equity | 10/15 | €237,611 | €241,170 | +€3,559 | +1.5% |
| Contributions | 10/11 | €42,570 | €42,570 | = | 0.0% |
| Reserves | 13 | €195,041 | €198,600 | +€3,559 | +1.8% |
| Distributable reserves | 133 | €195,041 | €198,600 | +€3,559 | +1.8% |
| Amounts payable | 17/49 | €1,453,869 | €1,517,599 | +€63,731 | +4.4% |
| Amounts payable after more than one year | 17 | €835,474 | €800,000 | -€35,474 | -4.2% |
| Financial debts | 170/4 | €35,474 | €0 | -€35,474 | -100.0% |
| Credit institutions | 173 | €35,474 | €0 | -€35,474 | -100.0% |
| Other amounts payable | 178/9 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €617,026 | €716,678 | +€99,651 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €83,346 | €35,474 | -€47,872 | -57.4% |
| Financial debts | 43 | €0 | €7,493 | +€7,493 | |
| Credit institutions | 430/8 | €0 | €7,493 | +€7,493 | |
| Trade debts | 44 | €235,534 | €428,382 | +€192,848 | +81.9% |
| Suppliers | 440/4 | €235,534 | €428,382 | +€192,848 | +81.9% |
| Advances received on contracts in progress | 46 | €63,449 | €45,514 | -€17,935 | -28.3% |
| Taxes, remuneration and social security | 45 | €71,663 | €49,293 | -€22,370 | -31.2% |
| Taxes | 450/3 | €5,229 | €4,734 | -€495 | -9.5% |
| Remuneration and social security | 454/9 | €66,434 | €44,559 | -€21,875 | -32.9% |
| Other amounts payable | 47/48 | €163,035 | €150,521 | -€12,514 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,368 | €922 | -€446 | -32.6% |
| Operating income | 70/76A | €3,625,706 | €3,565,455 | -€60,251 | -1.7% |
| Turnover | 70 | €3,611,681 | €3,552,590 | -€59,090 | -1.6% |
| Other operating income | 74 | €14,025 | €12,865 | -€1,161 | -8.3% |
| Operating charges | 60/66A | €3,519,832 | €3,518,800 | -€1,031 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €2,666,807 | €2,663,972 | -€2,835 | -0.1% |
| Purchases | 600/8 | €2,517,467 | €2,708,119 | +€190,651 | +7.6% |
| Change in stocks: decrease (increase) | 609 | €149,339 | -€44,147 | -€193,486 | |
| Services and other goods | 61 | €395,901 | €416,034 | +€20,133 | +5.1% |
| Remuneration, social security and pensions | 62 | €380,488 | €343,240 | -€37,248 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,727 | €68,746 | -€5,982 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,822 | €13,790 | +€25,612 | |
| Other operating charges | 640/8 | €13,731 | €13,019 | -€712 | -5.2% |
| Operating profit (loss) | 9901 | €105,874 | €46,655 | -€59,219 | -55.9% |
| Financial income | 75/76B | €7,088 | €8,180 | +€1,092 | +15.4% |
| Recurring financial income | 75 | €7,088 | €8,180 | +€1,092 | +15.4% |
| Income from current assets | 751 | €2,423 | €3,386 | +€963 | +39.7% |
| Other financial income | 752/9 | €4,665 | €4,794 | +€130 | +2.8% |
| Financial charges | 65/66B | €56,275 | €48,224 | -€8,051 | -14.3% |
| Recurring financial charges | 65 | €56,275 | €48,224 | -€8,051 | -14.3% |
| Debt charges | 650 | €53,438 | €45,792 | -€7,646 | -14.3% |
| Other financial charges | 652/9 | €2,837 | €2,432 | -€404 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €56,687 | €6,611 | -€50,076 | -88.3% |
| Income taxes | 67/77 | €15,459 | €3,052 | -€12,407 | -80.3% |
| Taxes | 670/3 | €15,459 | €3,052 | -€12,407 | -80.3% |
| Profit (loss) for the period | 9904 | €41,228 | €3,559 | -€37,669 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,228 | €3,559 | -€37,669 | -91.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.