AUTO FORTIS: 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.
AUTO FORTIS
Largest movements
- Stocks and contracts -€476,437
down €476,437 (-27.5%), from €1.7m to €1.3m
- Receivables within one year -€69,616
down €69,616 (-47.3%), from €147,051 to €77,434
of which Trade receivables: -€59,754
- Trade debts -€488,466
down €488,466 (-41.6%), from €1.2m to €686,002
- Other debts -€86,672
down €86,672 (-20.8%), from €417,356 to €330,684
- Short-term financial debts +€67,517
up €67,517 (+169%), from €40,000 to €107,517
- Current portion of long-term debt -€59,107
down €59,107 (-84.4%), from €70,025 to €10,918
- Taxes -€65,465
down €65,465 (-92.9%), from €70,454 to €4,988
- Gross operating margin -€52,872
down €52,872 (-38.6%), from €137,012 to €84,140
- Staff costs -€21,978
down €21,978 (-45.7%), from €48,063 to €26,085
- Financial charges +€7,514
up €7,514 (+78.4%), from €9,589 to €17,104
- Depreciation +€3,807
up €3,807 (+18.9%), from €20,134 to €23,941
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,957,299 | €1,394,566 | -€562,732 | -28.8% |
| Fixed assets | 21/28 | €73,297 | €57,346 | -€15,951 | -21.8% |
| Tangible fixed assets | 22/27 | €72,964 | €57,013 | -€15,951 | -21.9% |
| Plant, machinery and equipment | 23 | €401 | €1 | -€400 | -99.7% |
| Furniture and vehicles | 24 | €68,068 | €48,241 | -€19,827 | -29.1% |
| Other tangible fixed assets | 26 | €4,494 | €8,771 | +€4,277 | +95.2% |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €1,884,002 | €1,337,220 | -€546,782 | -29.0% |
| Stocks and contracts in progress | 3 | €1,734,626 | €1,258,190 | -€476,437 | -27.5% |
| Stocks | 30/36 | €1,734,626 | €1,258,190 | -€476,437 | -27.5% |
| Amounts receivable within one year | 40/41 | €147,051 | €77,434 | -€69,616 | -47.3% |
| Trade receivables | 40 | €112,518 | €52,764 | -€59,754 | -53.1% |
| Other amounts receivable | 41 | €34,532 | €24,670 | -€9,862 | -28.6% |
| Cash at bank and in hand | 54/58 | €2,234 | €1,597 | -€638 | -28.5% |
| Deferred charges and accrued income | 490/1 | €91 | - | -€91 | |
| Total equity and liabilities | 10/49 | €1,957,299 | €1,394,566 | -€562,732 | -28.8% |
| Equity | 10/15 | €220,136 | €227,955 | +€7,819 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,676 | €207,495 | +€7,819 | +3.9% |
| Amounts payable | 17/49 | €1,737,163 | €1,166,612 | -€570,551 | -32.8% |
| Amounts payable after more than one year | 17 | €21,322 | €10,403 | -€10,918 | -51.2% |
| Financial debts | 170/4 | €21,322 | €10,403 | -€10,918 | -51.2% |
| Amounts payable within one year | 42/48 | €1,715,841 | €1,156,209 | -€559,633 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €70,025 | €10,918 | -€59,107 | -84.4% |
| Financial debts | 43 | €40,000 | €107,517 | +€67,517 | +169% |
| Credit institutions | 430/8 | €40,000 | €107,517 | +€67,517 | +169% |
| Trade debts | 44 | €1,174,468 | €686,002 | -€488,466 | -41.6% |
| Suppliers | 440/4 | €1,174,468 | €686,002 | -€488,466 | -41.6% |
| Taxes, remuneration and social security | 45 | €13,992 | €21,087 | +€7,095 | +50.7% |
| Taxes | 450/3 | €11,613 | €20,892 | +€9,279 | +79.9% |
| Remuneration and social security | 454/9 | €2,379 | €195 | -€2,184 | -91.8% |
| Other amounts payable | 47/48 | €417,356 | €330,684 | -€86,672 | -20.8% |
| Remuneration, social security and pensions | 62 | €48,063 | €26,085 | -€21,978 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,134 | €23,941 | +€3,807 | +18.9% |
| Other operating charges | 640/8 | €2,861 | €4,204 | +€1,343 | +47.0% |
| Gross operating margin | 9900 | €137,012 | €84,140 | -€52,872 | -38.6% |
| Operating profit (loss) | 9901 | €65,955 | €29,910 | -€36,044 | -54.7% |
| Financial income | 75/76B | €57 | €0 | -€57 | -99.7% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -99.7% |
| Financial charges | 65/66B | €9,589 | €17,104 | +€7,514 | +78.4% |
| Recurring financial charges | 65 | €9,589 | €17,104 | +€7,514 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €56,423 | €12,807 | -€43,616 | -77.3% |
| Income taxes | 67/77 | €70,454 | €4,988 | -€65,465 | -92.9% |
| Profit (loss) for the period | 9904 | -€14,031 | €7,819 | +€21,850 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,031 | €7,819 | +€21,850 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.