FORSETI LEX: what changed
What changed
FORSETI LEX
NACE 69.103, Activities of bailiffs
filed annual accounts (NBB)
Net result for the year
€714,498
2024 · €385,626+€328,872
Equity
€1.4m
2024 · €828,137+€604,795
Cash
€495,721
2024 · €348,698+€147,023
Balance sheet total
€3.0m
2024 · €2.6m+€460,113
Largest movements
Assets
- Receivables within one year +€426,054
up €426,054 (+27.8%), from €1.5m to €2.0m
of which Trade receivables: +€431,413
- Cash +€147,023
up €147,023 (+42.2%), from €348,698 to €495,721
mainly Net result for the year (+€714,498) and Other debts (+€148,047)
- Intangible fixed assets -€111,000
down €111,000 (-16.7%), from €666,000 to €555,000
Equity and liabilities
- Reserves +€604,795
up €604,795 (+75.3%), from €803,137 to €1.4m
of which Distributable reserves: +€604,795
- Short-term financial debts -€168,363
down €168,363 (-51.6%), from €326,553 to €158,190
- Other debts +€148,047
up €148,047 (+1,078%), from €13,740 to €161,787
- Debts after one year -€126,921
down €126,921 (-19.6%), from €648,978 to €522,057
- Tax, wage and social debts +€62,023
up €62,023 (+32.4%), from €191,296 to €253,319
of which Taxes: +€63,511
Income statement
- Gross operating margin +€387,853
up €387,853 (+30.9%), from €1.3m to €1.6m
- Taxes +€70,509
up €70,509 (+48.1%), from €146,461 to €216,970
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.
Result 2024
€385,626
Gross operating margin
+€387,853
Staff costs
+€9,811
Depreciation
-€351
Other operating charges
-€25
Other operating items
-€1,800
Financial income
-€2,693
Financial charges
+€6,587
Taxes
-€70,509
Result 2025
€714,498
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€555,356
Investment
-€4,994
Financing
-€403,339
Cash 2024
€348,698
From operations (derived)
+€555,356
Net result for the year
+€714,498
Depreciation
+€117,958
Receivables within one year
-€426,054
Trade debts
-€19,782
Tax, wage and social debts
+€62,023
Other debts
+€148,047
Accrued charges and deferred income
-€41,334
Investment (derived)
-€4,994
Investment in fixed assets (net)
-€4,994
Financing
-€403,339
Debts after one year
-€126,921
Current portion of long-term debt
+€1,647
Short-term financial debts
-€168,363
Contributions, distributions and other
-€109,703
Cash 2025
€495,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,581,280 | €3,041,393 | +€460,113 | +17.8% |
| Fixed assets | 21/28 | €700,446 | €587,483 | -€112,964 | -16.1% |
| Intangible fixed assets | 21 | €666,000 | €555,000 | -€111,000 | -16.7% |
| Tangible fixed assets | 22/27 | €34,446 | €32,483 | -€1,964 | -5.7% |
| Plant, machinery and equipment | 23 | €1,895 | €5,268 | +€3,373 | +178% |
| Furniture and vehicles | 24 | €32,551 | €27,215 | -€5,336 | -16.4% |
| Current assets | 29/58 | €1,880,834 | €2,453,911 | +€573,076 | +30.5% |
| Amounts receivable within one year | 40/41 | €1,532,136 | €1,958,190 | +€426,054 | +27.8% |
| Trade receivables | 40 | €1,510,087 | €1,941,500 | +€431,413 | +28.6% |
| Other amounts receivable | 41 | €22,049 | €16,690 | -€5,359 | -24.3% |
| Cash at bank and in hand | 54/58 | €348,698 | €495,721 | +€147,023 | +42.2% |
| Total equity and liabilities | 10/49 | €2,581,280 | €3,041,393 | +€460,113 | +17.8% |
| Equity | 10/15 | €828,137 | €1,432,932 | +€604,795 | +73.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €803,137 | €1,407,932 | +€604,795 | +75.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €800,637 | €1,405,432 | +€604,795 | +75.5% |
| Amounts payable | 17/49 | €1,753,143 | €1,608,461 | -€144,682 | -8.3% |
| Amounts payable after more than one year | 17 | €648,978 | €522,057 | -€126,921 | -19.6% |
| Financial debts | 170/4 | €648,978 | €522,057 | -€126,921 | -19.6% |
| Amounts payable within one year | 42/48 | €1,056,414 | €1,079,987 | +€23,573 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €135,389 | €137,036 | +€1,647 | +1.2% |
| Financial debts | 43 | €326,553 | €158,190 | -€168,363 | -51.6% |
| Credit institutions | 430/8 | €326,553 | €158,190 | -€168,363 | -51.6% |
| Trade debts | 44 | €389,437 | €369,655 | -€19,782 | -5.1% |
| Suppliers | 440/4 | €389,437 | €369,655 | -€19,782 | -5.1% |
| Taxes, remuneration and social security | 45 | €191,296 | €253,319 | +€62,023 | +32.4% |
| Taxes | 450/3 | €133,081 | €196,592 | +€63,511 | +47.7% |
| Remuneration and social security | 454/9 | €58,216 | €56,727 | -€1,488 | -2.6% |
| Other amounts payable | 47/48 | €13,740 | €161,787 | +€148,047 | +1,078% |
| Accrued charges and deferred income | 492/3 | €47,751 | €6,417 | -€41,334 | -86.6% |
| Remuneration, social security and pensions | 62 | €585,661 | €575,850 | -€9,811 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,606 | €117,958 | +€351 | +0.3% |
| Other operating charges | 640/8 | €1,548 | €1,573 | +€25 | +1.6% |
| Non-recurring operating charges | 66A | - | €1,800 | +€1,800 | |
| Gross operating margin | 9900 | €1,255,173 | €1,643,026 | +€387,853 | +30.9% |
| Operating profit (loss) | 9901 | €550,358 | €945,845 | +€395,487 | +71.9% |
| Financial income | 75/76B | €13,066 | €10,374 | -€2,693 | -20.6% |
| Recurring financial income | 75 | €13,066 | €10,374 | -€2,693 | -20.6% |
| Financial charges | 65/66B | €31,338 | €24,751 | -€6,587 | -21.0% |
| Recurring financial charges | 65 | €31,338 | €24,751 | -€6,587 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €532,087 | €931,468 | +€399,381 | +75.1% |
| Income taxes | 67/77 | €146,461 | €216,970 | +€70,509 | +48.1% |
| Profit (loss) for the period | 9904 | €385,626 | €714,498 | +€328,872 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €385,626 | €714,498 | +€328,872 | +85.3% |
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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 5 November 2026 via checked.be.