FORVIS MAZARS GROUP: 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
FORVIS MAZARS GROUP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65,619
2024 · €30,177+€35,441
Equity
€2.3m
2024 · €2.1m+€196,455
Cash
€1.6m
2024 · €1.1m+€479,578
Balance sheet total
€83.9m
2024 · €62.9m+€20.9m
Largest movements
Assets
- Receivables within one year +€21.3m
up €21.3m (+42.7%), from €49.9m to €71.3m
of which Other amounts receivable: +€20.6m
- Deferred charges and accrued income -€994,843
down €994,843 (-31.3%), from €3.2m to €2.2m
Equity and liabilities
- Debts after one year +€18.3m
up €18.3m (+1,651%), from €1.1m to €19.4m
- Current portion of long-term debt +€4.1m
up €4.1m (+471%), from €875,257 to €5.0m
- Other debts -€1.4m
down €1.4m (-84.0%), from €1.6m to €259,039
Income statement
- Turnover +€3.0m
up €3.0m (+3.2%), from €94.5m to €97.6m
- Services and other goods +€2.9m
up €2.9m (+3.2%), from €91.6m to €94.5m
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
€30,177
Turnover
+€3.0m
Other operating income
-€19,606
Services and other goods
-€2.9m
Depreciation
-€305,818
Write-downs
+€314,365
Other operating charges
-€28,089
Other operating items
+€62,145
Financial income
+€171,816
Financial charges
-€207,377
Taxes
-€36,918
Result 2025
€65,619
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
-€19.7m
Investment
-€2.3m
Financing
+€22.5m
Cash 2024
€1.1m
From operations (derived)
-€19.7m
Net result for the year
+€65,619
Depreciation
+€2.2m
Receivables within one year
-€21.3m
Deferred charges and accrued income
+€994,843
Trade debts
-€103,583
Tax, wage and social debts
+€4,097
Other debts
-€1.4m
Accrued charges and deferred income
-€175,205
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€22.5m
Debts after one year
+€18.3m
Current portion of long-term debt
+€4.1m
Contributions, distributions and other
+€130,836
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,932,702 | €83,866,141 | +€20.9m | +33.3% |
| Fixed assets | 21/28 | €8,529,967 | €8,638,162 | +€108,195 | +1.3% |
| Intangible fixed assets | 21 | €8,479,967 | €8,588,160 | +€108,193 | +1.3% |
| Financial fixed assets | 28 | €50,000 | €50,002 | +€2 | 0.0% |
| Affiliated companies | 280/1 | €50,000 | €50,000 | = | 0.0% |
| Participating interests | 280 | €50,000 | €50,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | - | €2 | +€2 | |
| Participating interests | 282 | - | €2 | +€2 | |
| Current assets | 29/58 | €54,402,735 | €75,227,978 | +€20.8m | +38.3% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €49,945,980 | €71,286,488 | +€21.3m | +42.7% |
| Trade receivables | 40 | €27,652,496 | €28,370,503 | +€718,007 | +2.6% |
| Other amounts receivable | 41 | €22,293,484 | €42,915,985 | +€20.6m | +92.5% |
| Cash at bank and in hand | 54/58 | €1,104,144 | €1,583,723 | +€479,578 | +43.4% |
| Deferred charges and accrued income | 490/1 | €3,177,611 | €2,182,768 | -€994,843 | -31.3% |
| Total equity and liabilities | 10/49 | €62,932,702 | €83,866,141 | +€20.9m | +33.3% |
| Equity | 10/15 | €2,067,837 | €2,264,292 | +€196,455 | +9.5% |
| Contributions | 10/11 | €1,435,971 | €1,621,544 | +€185,573 | +12.9% |
| Reserves | 13 | €436,139 | €436,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,800 | €0 | -€13,800 | -100% |
| Reserves not available under the articles | 1311 | €13,800 | €0 | -€13,800 | -100% |
| Distributable reserves | 133 | €422,339 | €436,139 | +€13,800 | +3.3% |
| Profit (loss) carried forward | 14 | €195,727 | €206,609 | +€10,882 | +5.6% |
| Amounts payable | 17/49 | €60,864,866 | €81,601,849 | +€20.7m | +34.1% |
| Amounts payable after more than one year | 17 | €1,105,600 | €19,355,600 | +€18.3m | +1,651% |
| Financial debts | 170/4 | €1,105,600 | €19,355,600 | +€18.3m | +1,651% |
| Credit institutions | 173 | - | €18,250,000 | +€18.3m | |
| Other loans | 174 | €1,105,600 | €1,105,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,347,812 | €62,010,000 | +€2.7m | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €875,257 | €5,000,000 | +€4.1m | +471% |
| Trade debts | 44 | €56,798,056 | €56,694,473 | -€103,583 | -0.2% |
| Suppliers | 440/4 | €56,798,056 | €56,694,473 | -€103,583 | -0.2% |
| Taxes, remuneration and social security | 45 | €52,391 | €56,488 | +€4,097 | +7.8% |
| Taxes | 450/3 | €52,391 | €56,488 | +€4,097 | +7.8% |
| Other amounts payable | 47/48 | €1,622,107 | €259,039 | -€1.4m | -84.0% |
| Accrued charges and deferred income | 492/3 | €411,454 | €236,249 | -€175,205 | -42.6% |
| Operating income | 70/76A | €94,560,081 | €97,616,269 | +€3.1m | +3.2% |
| Turnover | 70 | €94,539,232 | €97,552,881 | +€3.0m | +3.2% |
| Other operating income | 74 | €20,849 | €1,243 | -€19,606 | -94.0% |
| Non-recurring operating income | 76A | - | €62,145 | +€62,145 | |
| Operating charges | 60/66A | €94,045,410 | €96,993,678 | +€2.9m | +3.1% |
| Services and other goods | 61 | €91,565,704 | €94,494,430 | +€2.9m | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,872,978 | €2,178,796 | +€305,818 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,603 | -€328,968 | -€314,365 | -2,153% |
| Other operating charges | 640/8 | €621,331 | €649,420 | +€28,089 | +4.5% |
| Operating profit (loss) | 9901 | €514,671 | €622,591 | +€107,920 | +21.0% |
| Financial income | 75/76B | €84,969 | €256,786 | +€171,816 | +202% |
| Recurring financial income | 75 | €84,969 | €256,786 | +€171,816 | +202% |
| Other financial income | 752/9 | €84,969 | €256,786 | +€171,816 | +202% |
| Financial charges | 65/66B | €569,463 | €776,840 | +€207,377 | +36.4% |
| Recurring financial charges | 65 | €569,463 | €776,840 | +€207,377 | +36.4% |
| Debt charges | 650 | €110,534 | €488,878 | +€378,344 | +342% |
| Other financial charges | 652/9 | €458,929 | €287,963 | -€170,967 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €30,177 | €102,537 | +€72,360 | +240% |
| Income taxes | 67/77 | - | €36,918 | +€36,918 | |
| Taxes | 670/3 | - | €36,918 | +€36,918 | |
| Profit (loss) for the period | 9904 | €30,177 | €65,619 | +€35,441 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €30,177 | €65,619 | +€35,441 | +117% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.