Fort: 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.
Fort
Largest movements
- Tangible fixed assets -€21,483
down €21,483 (-24.3%), from €88,479 to €66,996
of which Furniture and vehicles: -€16,802
- Cash -€20,952
down €20,952 (-49.2%), from €42,570 to €21,618
mainly Trade debts (-€238,861) and Receivables within one year (-€10,613)
- Receivables within one year +€10,613
up €10,613 (+1.9%), from €571,914 to €582,527
of which Other amounts receivable: +€10,003
- Trade debts -€238,861
down €238,861 (-50.6%), from €472,426 to €233,565
- Profit (loss) carried forward +€166,043
up €166,043 (+134.3%), from €123,667 to €289,710
- Tax, wage and social debts +€38,089
up €38,089 (+125.9%), from €30,253 to €68,343
of which Taxes: +€33,586
- Gross operating margin +€175,981
up €175,981 (+144.6%), from €121,713 to €297,694
- Taxes +€46,062
up €46,062 (+233.5%), from €19,730 to €65,792
- Depreciation +€14,769
up €14,769 (+203.4%), from €7,262 to €22,031
- Write-downs +€5,682
up €5,682, from -€219 to €5,463
- Financial charges +€5,534
up €5,534 (+708.5%), from €781 to €6,315
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 | €704,189 | €674,950 | -€29,238 | -4.2% |
| Fixed assets | 21/28 | €88,479 | €66,996 | -€21,483 | -24.3% |
| Tangible fixed assets | 22/27 | €88,479 | €66,996 | -€21,483 | -24.3% |
| Plant, machinery and equipment | 23 | €4,752 | €1,548 | -€3,205 | -67.4% |
| Furniture and vehicles | 24 | €79,539 | €62,738 | -€16,802 | -21.1% |
| Other tangible fixed assets | 26 | €4,188 | €2,711 | -€1,477 | -35.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €615,709 | €607,954 | -€7,755 | -1.3% |
| Amounts receivable within one year | 40/41 | €571,914 | €582,527 | +€10,613 | +1.9% |
| Trade receivables | 40 | €370,851 | €371,461 | +€610 | +0.2% |
| Other amounts receivable | 41 | €201,064 | €211,066 | +€10,003 | +5.0% |
| Cash at bank and in hand | 54/58 | €42,570 | €21,618 | -€20,952 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,225 | €3,809 | +€2,584 | +210.9% |
| Total equity and liabilities | 10/49 | €704,189 | €674,950 | -€29,238 | -4.2% |
| Equity | 10/15 | €125,167 | €291,210 | +€166,043 | +132.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,667 | €289,710 | +€166,043 | +134.3% |
| Amounts payable | 17/49 | €579,022 | €383,741 | -€195,281 | -33.7% |
| Amounts payable within one year | 42/48 | €578,934 | €383,499 | -€195,435 | -33.8% |
| Trade debts | 44 | €472,426 | €233,565 | -€238,861 | -50.6% |
| Suppliers | 440/4 | €472,426 | €233,565 | -€238,861 | -50.6% |
| Taxes, remuneration and social security | 45 | €30,253 | €68,343 | +€38,089 | +125.9% |
| Taxes | 450/3 | €25,695 | €59,281 | +€33,586 | +130.7% |
| Remuneration and social security | 454/9 | €4,559 | €9,062 | +€4,503 | +98.8% |
| Other amounts payable | 47/48 | €76,255 | €81,592 | +€5,337 | +7.0% |
| Accrued charges and deferred income | 492/3 | €88 | €242 | +€154 | +175.7% |
| Remuneration, social security and pensions | 62 | €31,877 | €35,113 | +€3,236 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,262 | €22,031 | +€14,769 | +203.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€219 | €5,463 | +€5,682 | |
| Other operating charges | 640/8 | €6,303 | €5,511 | -€792 | -12.6% |
| Gross operating margin | 9900 | €121,713 | €297,694 | +€175,981 | +144.6% |
| Operating profit (loss) | 9901 | €76,489 | €229,575 | +€153,086 | +200.1% |
| Financial income | 75/76B | €3,167 | €8,575 | +€5,408 | +170.8% |
| Recurring financial income | 75 | €3,167 | €8,575 | +€5,408 | +170.8% |
| Financial charges | 65/66B | €781 | €6,315 | +€5,534 | +708.5% |
| Recurring financial charges | 65 | €781 | €6,315 | +€5,534 | +708.5% |
| Profit (loss) for the period before taxes | 9903 | €78,875 | €231,835 | +€152,960 | +193.9% |
| Income taxes | 67/77 | €19,730 | €65,792 | +€46,062 | +233.5% |
| Profit (loss) for the period | 9904 | €59,144 | €166,043 | +€106,898 | +180.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,144 | €166,043 | +€106,898 | +180.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.