FORZA SYSTEMS: 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.
FORZA SYSTEMS
Largest movements
- Receivables within one year -€43,425
down €43,425 (-75.6%), from €57,444 to €14,019
of which Trade receivables: -€34,174
- Cash +€42,632
up €42,632 (+52.1%), from €81,868 to €124,500
mainly Receivables within one year (+€43,425) and Depreciation (+€18,621)
- Tangible fixed assets -€16,699
down €16,699 (-5.2%), from €318,579 to €301,880
of which Land and buildings: -€15,460
- Deferred charges and accrued income -€11,619
down €11,619 (-90.1%), from €12,891 to €1,272
- Reserves -€17,724
down €17,724 (-11.8%), from €150,715 to €132,990
of which Distributable reserves: -€17,724
- Trade debts -€13,175
down €13,175 (-78.4%), from €16,803 to €3,628
- Tax, wage and social debts +€10,923
up €10,923 (+187.2%), from €5,833 to €16,756
of which Taxes: +€10,900
- Debts after one year -€9,466
down €9,466 (-4.4%), from €214,124 to €204,658
- Gross operating margin +€14,859
up €14,859 (+40.4%), from €36,769 to €51,628
- Taxes +€5,565
up €5,565 (+866.8%), from €642 to €6,207
- Other operating charges -€3,851
down €3,851 (-67.4%), from €5,716 to €1,865
- Depreciation +€2,261
up €2,261 (+13.8%), from €16,360 to €18,621
- Financial income -€1,750
down €1,750 (-69.3%), from €2,525 to €775
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,112 | €637,219 | -€28,893 | -4.3% |
| Fixed assets | 21/28 | €513,909 | €497,210 | -€16,699 | -3.2% |
| Tangible fixed assets | 22/27 | €318,579 | €301,880 | -€16,699 | -5.2% |
| Land and buildings | 22 | €294,573 | €279,113 | -€15,460 | -5.2% |
| Plant, machinery and equipment | 23 | €24,006 | €21,191 | -€2,815 | -11.7% |
| Furniture and vehicles | 24 | - | €1,576 | +€1,576 | |
| Financial fixed assets | 28 | €195,330 | €195,330 | = | 0.0% |
| Current assets | 29/58 | €152,203 | €140,008 | -€12,195 | -8.0% |
| Stocks and contracts in progress | 3 | €0 | €217 | +€217 | |
| Stocks | 30/36 | €0 | €217 | +€217 | |
| Amounts receivable within one year | 40/41 | €57,444 | €14,019 | -€43,425 | -75.6% |
| Trade receivables | 40 | €46,434 | €12,260 | -€34,174 | -73.6% |
| Other amounts receivable | 41 | €11,010 | €1,760 | -€9,251 | -84.0% |
| Cash at bank and in hand | 54/58 | €81,868 | €124,500 | +€42,632 | +52.1% |
| Deferred charges and accrued income | 490/1 | €12,891 | €1,272 | -€11,619 | -90.1% |
| Total equity and liabilities | 10/49 | €666,112 | €637,219 | -€28,893 | -4.3% |
| Equity | 10/15 | €419,375 | €401,650 | -€17,724 | -4.2% |
| Contributions | 10/11 | €268,660 | €268,660 | = | 0.0% |
| Reserves | 13 | €150,715 | €132,990 | -€17,724 | -11.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €150,715 | €132,990 | -€17,724 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,738 | €235,568 | -€11,169 | -4.5% |
| Amounts payable after more than one year | 17 | €214,124 | €204,658 | -€9,466 | -4.4% |
| Financial debts | 170/4 | €214,124 | €204,658 | -€9,466 | -4.4% |
| Amounts payable within one year | 42/48 | €32,541 | €30,806 | -€1,735 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €9,905 | €10,240 | +€335 | +3.4% |
| Financial debts | 43 | - | €182 | +€182 | |
| Credit institutions | 430/8 | - | €182 | +€182 | |
| Trade debts | 44 | €16,803 | €3,628 | -€13,175 | -78.4% |
| Suppliers | 440/4 | €16,803 | €3,628 | -€13,175 | -78.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,833 | €16,756 | +€10,923 | +187.2% |
| Taxes | 450/3 | €3,431 | €14,330 | +€10,900 | +317.7% |
| Remuneration and social security | 454/9 | €2,403 | €2,426 | +€23 | +1.0% |
| Accrued charges and deferred income | 492/3 | €73 | €104 | +€32 | +43.4% |
| Non-recurring operating income | 76A | €16,531 | €0 | -€16,531 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,360 | €18,621 | +€2,261 | +13.8% |
| Other operating charges | 640/8 | €5,716 | €1,865 | -€3,851 | -67.4% |
| Gross operating margin | 9900 | €36,769 | €51,628 | +€14,859 | +40.4% |
| Operating profit (loss) | 9901 | €14,692 | €31,141 | +€16,449 | +112.0% |
| Financial income | 75/76B | €2,525 | €775 | -€1,750 | -69.3% |
| Recurring financial income | 75 | €2,525 | €775 | -€1,750 | -69.3% |
| Financial charges | 65/66B | €9,410 | €9,820 | +€409 | +4.3% |
| Recurring financial charges | 65 | €9,410 | €9,820 | +€409 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €7,807 | €22,097 | +€14,289 | +183.0% |
| Income taxes | 67/77 | €642 | €6,207 | +€5,565 | +866.8% |
| Profit (loss) for the period | 9904 | €7,165 | €15,890 | +€8,724 | +121.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,165 | €15,890 | +€8,724 | +121.8% |
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 5 October 2026 via checked.be.