FORWARD 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
FORWARD Services
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€596,764
2024 · €456,638+€140,126
Equity
€1.7m
2024 · €1.4m+€276,764
Cash
€20,252
2024 · €40,370-€20,118
Balance sheet total
€3.3m
2024 · €3.1m+€225,658
Largest movements
Assets
- Receivables within one year +€260,389
up €260,389 (+9.0%), from €2.9m to €3.2m
of which Other amounts receivable: +€424,614
Equity and liabilities
- Reserves +€276,200
up €276,200 (+20.9%), from €1.3m to €1.6m
of which Distributable reserves: +€431,970
- Trade debts -€116,307
down €116,307 (-12.5%), from €933,196 to €816,890
- Other debts +€65,048
up €65,048 (+23.7%), from €274,952 to €340,000
Income statement
- Turnover -€633,267
down €633,267 (-6.7%), from €9.4m to €8.8m
- Purchases and services -€389,136
down €389,136 (-6.9%), from €5.6m to €5.2m
- Staff costs -€336,029
down €336,029 (-10.8%), from €3.1m to €2.8m
- Gross operating margin -€224,903
down €224,903 (-5.8%), from €3.8m to €3.6m
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
€456,638
Gross operating margin
-€224,903
Staff costs
+€336,029
Depreciation
+€3,087
Write-downs
+€83,053
Other operating charges
-€44,133
Other operating items
-€114
Financial income
+€4,953
Financial charges
+€2,814
Taxes
-€20,659
Result 2025
€596,764
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
+€318,912
Investment
-€19,030
Financing
-€320,000
Cash 2024
€40,370
From operations (derived)
+€318,912
Net result for the year
+€596,764
Depreciation
+€22,631
Receivables within one year
-€260,389
Deferred charges and accrued income
+€11,012
Provisions
+€1,556
Trade debts
-€116,307
Tax, wage and social debts
-€26,506
Advances received
+€9,141
Other debts
+€65,048
Accrued charges and deferred income
+€15,962
Investment (derived)
-€19,030
Investment in fixed assets (net)
-€19,030
Financing
-€320,000
Contributions, distributions and other
-€320,000
Cash 2025
€20,252
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,055,585 | €3,281,243 | +€225,658 | +7.4% |
| Fixed assets | 21/28 | €44,537 | €40,937 | -€3,600 | -8.1% |
| Tangible fixed assets | 22/27 | €44,537 | €40,937 | -€3,600 | -8.1% |
| Plant, machinery and equipment | 23 | €44,537 | €40,937 | -€3,600 | -8.1% |
| Current assets | 29/58 | €3,011,048 | €3,240,307 | +€229,259 | +7.6% |
| Amounts receivable within one year | 40/41 | €2,903,599 | €3,163,988 | +€260,389 | +9.0% |
| Trade receivables | 40 | €1,753,308 | €1,589,084 | -€164,225 | -9.4% |
| Other amounts receivable | 41 | €1,150,291 | €1,574,905 | +€424,614 | +36.9% |
| Cash at bank and in hand | 54/58 | €40,370 | €20,252 | -€20,118 | -49.8% |
| Deferred charges and accrued income | 490/1 | €67,078 | €56,066 | -€11,012 | -16.4% |
| Total equity and liabilities | 10/49 | €3,055,585 | €3,281,243 | +€225,658 | +7.4% |
| Equity | 10/15 | €1,385,477 | €1,662,241 | +€276,764 | +20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,323,070 | €1,599,270 | +€276,200 | +20.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,070 | €126,300 | -€155,770 | -55.2% |
| Distributable reserves | 133 | €1,034,800 | €1,466,770 | +€431,970 | +41.7% |
| Profit (loss) carried forward | 14 | €407 | €971 | +€564 | +138.5% |
| Provisions and deferred taxes | 16 | €156 | €1,712 | +€1,556 | +996.1% |
| Provisions for liabilities and charges | 160/5 | €156 | €1,712 | +€1,556 | +996.1% |
| Pensions and similar obligations | 160 | €156 | €1,712 | +€1,556 | +996.1% |
| Amounts payable | 17/49 | €1,669,951 | €1,617,290 | -€52,661 | -3.2% |
| Amounts payable within one year | 42/48 | €1,664,128 | €1,595,505 | -€68,624 | -4.1% |
| Trade debts | 44 | €933,196 | €816,890 | -€116,307 | -12.5% |
| Suppliers | 440/4 | €933,196 | €816,890 | -€116,307 | -12.5% |
| Advances received on contracts in progress | 46 | - | €9,141 | +€9,141 | |
| Taxes, remuneration and social security | 45 | €455,981 | €429,474 | -€26,506 | -5.8% |
| Taxes | 450/3 | €127,475 | €114,871 | -€12,605 | -9.9% |
| Remuneration and social security | 454/9 | €328,505 | €314,603 | -€13,902 | -4.2% |
| Other amounts payable | 47/48 | €274,952 | €340,000 | +€65,048 | +23.7% |
| Accrued charges and deferred income | 492/3 | €5,823 | €21,785 | +€15,962 | +274.1% |
| Turnover | 70 | €9,400,751 | €8,767,485 | -€633,267 | -6.7% |
| Non-recurring operating income | 76A | €1,789 | €1,625 | -€163 | -9.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,602,903 | €5,213,766 | -€389,136 | -6.9% |
| Remuneration, social security and pensions | 62 | €3,113,383 | €2,777,355 | -€336,029 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,718 | €22,631 | -€3,087 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,382 | -€40,670 | -€83,053 | |
| Other operating charges | 640/8 | €19,433 | €63,566 | +€44,133 | +227.1% |
| Non-recurring operating charges | 66A | €3,387 | €3,502 | +€114 | +3.4% |
| Gross operating margin | 9900 | €3,849,162 | €3,624,259 | -€224,903 | -5.8% |
| Operating profit (loss) | 9901 | €644,859 | €797,877 | +€153,018 | +23.7% |
| Financial income | 75/76B | €23,039 | €27,992 | +€4,953 | +21.5% |
| Recurring financial income | 75 | €23,039 | €26,453 | +€3,414 | +14.8% |
| Non-recurring financial income | 76B | - | €1,539 | +€1,539 | |
| Financial charges | 65/66B | €73,181 | €70,367 | -€2,814 | -3.8% |
| Recurring financial charges | 65 | €73,181 | €70,367 | -€2,814 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €594,717 | €755,502 | +€160,785 | +27.0% |
| Income taxes | 67/77 | €138,079 | €158,738 | +€20,659 | +15.0% |
| Profit (loss) for the period | 9904 | €456,638 | €596,764 | +€140,126 | +30.7% |
| Transfer from tax-exempt reserves | 789 | - | €239,970 | +€239,970 | |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €456,638 | €752,534 | +€295,896 | +64.8% |
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 6 October 2026 via checked.be.