Forrier Pierre: 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.
Forrier Pierre
Largest movements
- Receivables within one year +€47,289
up €47,289 (+49.4%), from €95,823 to €143,113
of which Trade receivables: +€47,708
- Tangible fixed assets -€23,295
down €23,295 (-27.9%), from €83,380 to €60,084
of which Leasing and similar rights: -€21,050
- Cash +€7,600
up €7,600 (+81.0%), from €9,383 to €16,982
mainly Net result for the year (+€119,355) and Depreciation (+€23,295)
- Deferred charges and accrued income -€6,291
down €6,291 (-72.5%), from €8,673 to €2,382
- Reserves +€59,355
new in 2025: €59,355
- Other debts -€31,707
down €31,707 (-31.8%), from €99,723 to €68,016
- Debts after one year -€17,061
down €17,061 (-42.7%), from €39,910 to €22,849
- Tax, wage and social debts +€15,883
up €15,883 (+83.6%), from €18,992 to €34,875
- Gross operating margin +€53,118
up €53,118 (+35.9%), from €148,120 to €201,238
- Taxes +€21,070
up €21,070 (+88.5%), from €23,808 to €44,877
- Other operating charges +€2,119
up €2,119 (+22.8%), from €9,293 to €11,412
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,259 | €222,561 | +€25,303 | +12.8% |
| Fixed assets | 21/28 | €83,380 | €60,084 | -€23,295 | -27.9% |
| Tangible fixed assets | 22/27 | €83,380 | €60,084 | -€23,295 | -27.9% |
| Plant, machinery and equipment | 23 | €560 | €394 | -€166 | -29.6% |
| Furniture and vehicles | 24 | €9,682 | €7,602 | -€2,080 | -21.5% |
| Leasing and similar rights | 25 | €73,138 | €52,088 | -€21,050 | -28.8% |
| Current assets | 29/58 | €113,879 | €162,477 | +€48,598 | +42.7% |
| Amounts receivable within one year | 40/41 | €95,823 | €143,113 | +€47,289 | +49.4% |
| Trade receivables | 40 | €93,048 | €140,756 | +€47,708 | +51.3% |
| Other amounts receivable | 41 | €2,775 | €2,357 | -€418 | -15.1% |
| Cash at bank and in hand | 54/58 | €9,383 | €16,982 | +€7,600 | +81.0% |
| Deferred charges and accrued income | 490/1 | €8,673 | €2,382 | -€6,291 | -72.5% |
| Total equity and liabilities | 10/49 | €197,259 | €222,561 | +€25,303 | +12.8% |
| Equity | 10/15 | €18,550 | €77,905 | +€59,355 | +320% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €59,355 | +€59,355 | |
| Distributable reserves | 133 | - | €59,355 | +€59,355 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,709 | €144,656 | -€34,053 | -19.1% |
| Amounts payable after more than one year | 17 | €39,910 | €22,849 | -€17,061 | -42.7% |
| Financial debts | 170/4 | €39,910 | €22,849 | -€17,061 | -42.7% |
| Amounts payable within one year | 42/48 | €138,799 | €121,808 | -€16,991 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €15,096 | €15,775 | +€679 | +4.5% |
| Trade debts | 44 | €4,987 | €3,141 | -€1,846 | -37.0% |
| Suppliers | 440/4 | €4,987 | €3,141 | -€1,846 | -37.0% |
| Taxes, remuneration and social security | 45 | €18,992 | €34,875 | +€15,883 | +83.6% |
| Taxes | 450/3 | €18,992 | €34,875 | +€15,883 | +83.6% |
| Other amounts payable | 47/48 | €99,723 | €68,016 | -€31,707 | -31.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,139 | €23,295 | +€156 | +0.7% |
| Other operating charges | 640/8 | €9,293 | €11,412 | +€2,119 | +22.8% |
| Gross operating margin | 9900 | €148,120 | €201,238 | +€53,118 | +35.9% |
| Operating profit (loss) | 9901 | €115,688 | €166,530 | +€50,842 | +43.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,927 | €2,298 | -€629 | -21.5% |
| Recurring financial charges | 65 | €2,927 | €2,298 | -€629 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €112,761 | €164,233 | +€51,472 | +45.6% |
| Income taxes | 67/77 | €23,808 | €44,877 | +€21,070 | +88.5% |
| Profit (loss) for the period | 9904 | €88,953 | €119,355 | +€30,402 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,953 | €119,355 | +€30,402 | +34.2% |
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 13 October 2026 via checked.be.