FOURREZ GROUP: 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.
FOURREZ GROUP
Largest movements
- Receivables after one year -€45,748
down €45,748 (-100.0%), from €45,748 to €0
- Receivables within one year -€30,420
down €30,420 (-35.3%), from €86,238 to €55,818
of which Trade receivables: -€85,041
- Intangible fixed assets -€21,867
down €21,867 (-16.7%), from €131,202 to €109,335
- Debts after one year -€123,587
down €123,587 (-68.4%), from €180,788 to €57,200
- Reserves +€70,000
up €70,000 (+7.2%), from €976,200 to €1.0m
of which Distributable reserves: +€70,000
- Tax, wage and social debts -€55,414
down €55,414 (-82.0%), from €67,548 to €12,134
- Gross operating margin -€248,513
down €248,513 (-80.9%), from €307,315 to €58,802
- Financial income +€149,644
up €149,644 (+6351.2%), from €2,356 to €152,000
- Taxes -€75,949
down €75,949 (-96.7%), from €78,514 to €2,565
- Financial charges -€43,114
down €43,114 (-67.6%), from €63,766 to €20,652
of which Non-recurring financial charges: -€49,900
- Other operating charges -€9,707
down €9,707 (-35.9%), from €27,050 to €17,342
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 | €2,131,894 | €2,032,481 | -€99,413 | -4.7% |
| Fixed assets | 21/28 | €1,999,825 | €1,975,928 | -€23,898 | -1.2% |
| Intangible fixed assets | 21 | €131,202 | €109,335 | -€21,867 | -16.7% |
| Tangible fixed assets | 22/27 | €10,549 | €8,518 | -€2,031 | -19.3% |
| Land and buildings | 22 | €4,240 | €3,934 | -€306 | -7.2% |
| Furniture and vehicles | 24 | €6,309 | €4,584 | -€1,725 | -27.3% |
| Financial fixed assets | 28 | €1,858,075 | €1,858,075 | = | 0.0% |
| Current assets | 29/58 | €132,069 | €56,553 | -€75,516 | -57.2% |
| Amounts receivable after more than one year | 29 | €45,748 | €0 | -€45,748 | -100.0% |
| Other amounts receivable | 291 | €45,748 | €0 | -€45,748 | -100.0% |
| Amounts receivable within one year | 40/41 | €86,238 | €55,818 | -€30,420 | -35.3% |
| Trade receivables | 40 | €86,238 | €1,196 | -€85,041 | -98.6% |
| Other amounts receivable | 41 | - | €54,621 | +€54,621 | |
| Cash at bank and in hand | 54/58 | €38 | - | -€38 | |
| Deferred charges and accrued income | 490/1 | €45 | €735 | +€690 | +1534.1% |
| Total equity and liabilities | 10/49 | €2,131,894 | €2,032,481 | -€99,413 | -4.7% |
| Equity | 10/15 | €1,507,147 | €1,581,563 | +€74,416 | +4.9% |
| 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 | €976,200 | €1,046,200 | +€70,000 | +7.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €970,000 | €1,040,000 | +€70,000 | +7.2% |
| Profit (loss) carried forward | 14 | €468,947 | €473,363 | +€4,416 | +0.9% |
| Amounts payable | 17/49 | €624,747 | €450,918 | -€173,829 | -27.8% |
| Amounts payable after more than one year | 17 | €180,788 | €57,200 | -€123,587 | -68.4% |
| Financial debts | 170/4 | €180,788 | €57,200 | -€123,587 | -68.4% |
| Amounts payable within one year | 42/48 | €443,959 | €393,718 | -€50,242 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €206,560 | €197,950 | -€8,610 | -4.2% |
| Financial debts | 43 | €11,323 | €29,297 | +€17,974 | +158.7% |
| Credit institutions | 430/8 | €11,323 | €29,297 | +€17,974 | +158.7% |
| Trade debts | 44 | €2,130 | €2,081 | -€49 | -2.3% |
| Suppliers | 440/4 | €2,130 | €2,081 | -€49 | -2.3% |
| Taxes, remuneration and social security | 45 | €67,548 | €12,134 | -€55,414 | -82.0% |
| Taxes | 450/3 | €67,548 | €12,134 | -€55,414 | -82.0% |
| Other amounts payable | 47/48 | €156,398 | €152,256 | -€4,142 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,497 | €23,898 | +€401 | +1.7% |
| Other operating charges | 640/8 | €27,050 | €17,342 | -€9,707 | -35.9% |
| Non-recurring operating charges | 66A | - | €71,929 | +€71,929 | |
| Gross operating margin | 9900 | €307,315 | €58,802 | -€248,513 | -80.9% |
| Operating profit (loss) | 9901 | €256,768 | -€54,367 | -€311,136 | |
| Financial income | 75/76B | €2,356 | €152,000 | +€149,644 | +6351.2% |
| Recurring financial income | 75 | €2,356 | €152,000 | +€149,644 | +6351.2% |
| Financial charges | 65/66B | €63,766 | €20,652 | -€43,114 | -67.6% |
| Recurring financial charges | 65 | €13,866 | €20,652 | +€6,786 | +48.9% |
| Non-recurring financial charges | 66B | €49,900 | - | -€49,900 | |
| Profit (loss) for the period before taxes | 9903 | €195,358 | €76,981 | -€118,377 | -60.6% |
| Income taxes | 67/77 | €78,514 | €2,565 | -€75,949 | -96.7% |
| Profit (loss) for the period | 9904 | €116,844 | €74,416 | -€42,429 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,844 | €74,416 | -€42,429 | -36.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.