Forvis Mazars sharpens quality and strategic focus in 2024 / 2025

Forvis Mazars in the Netherlands publishes its Annual Report 2024 / 2025. This year brought a clear sense of renewed energy: we continued to build on strong quality, worked with a new leadership team, and took the first steps in our four year Stellar strategy. You could feel it in the decisions we made and the direction that emerged, a solid foundation for the growth and ambitions of the years ahead.

Quality at the forefront

#ReinventingQuality has brought greater focus and clarity. Teams now work from the same approach, making collaboration smoother and day‑to‑day practice more straightforward. In doing so, #ReinventingQuality opens the door to structural quality improvement: working together more effectively, planning more efficiently, and learning from one another. This is how our audit practice continues to grow in quality, while making the work more enjoyable for our people and more valuable for our clients.

New leadership

On 1 January 2025, a new Executive Board took office with a clear focus on quality, innovation, our people and our clients. Through culture programmes, we are working towards an open, professional and safe working environment in which feedback, role‑modelling and professionalism are central. We have accelerated the use of technology and AI, including pilots with AI‑driven analytical tools and the further digitalisation of audit processes. Technology supports our work, but professional, human judgement remains paramount.

Progress in sustainability

This year’s report follows an ESRS‑inspired structure. We provide insight into our reduction targets and our progress on social and environmental themes. The social dimension, including talent development, inclusion and well‑being, remains a key pillar for us.

In addition, we have taken an important step in further professionalising our sustainability reporting: 15 KPIs have been subject to limited assurance.

Financial results

Turnover increased by 4.4% to €172.6 million. Audit & assurance, Outsourcing and Tax showed stable growth; Consulting recorded a strong increase. Due to higher investments in quality and technology, the gross margin decreased slightly.

“Our direction is clear: our people and quality come first. This year, we made deliberate choices to strengthen our foundation and fulfil our public‑interest responsibility. This is what we will continue to build on.” - Frank Walta, Chairman of the Executive Board

Outlook

In 2025 / 2026, we will continue to focus on strengthening quality and further developing technology and talent, in a market that is expected to remain volatile.

About Forvis Mazars

Forvis Mazars is a leading global network in financial services operating under a single brand name with two members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership active in over 100 countries. Both members are deeply committed to their clients, delivering an unmatched client experience and offering global services in audit, tax, and advisory.

Quality within ethical and legal frameworks is what you can expect from us. Trust in our judgment is the reason we exist. With in-depth knowledge of regulations and solid market insight, we support our clients and contribute to society.

Forvis Mazars has more than 40,000 professionals serving clients around the world.

Document

Forvis Mazars Annual Report 2024 - 2025

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