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 -€27,625
down €27,625 (-7.4%), from €373,750 to €346,125
- Receivables within one year -€9,953
no longer reported in 2025 (was €9,953)
- Cash +€5,563
up €5,563 (+50.5%), from €11,021 to €16,585
mainly Debts after one year (+€60,718) and Depreciation (+€27,625)
- Other debts -€119,612
no longer reported in 2025 (was €119,612)
- Debts after one year +€60,718
up €60,718 (+26.1%), from €232,702 to €293,419
of which Other amounts payable: +€99,612
- Profit (loss) carried forward +€21,818
up €21,818 (+85.8%), from -€25,427 to -€3,609
- Accrued charges and deferred income +€5,895
new in 2025: €5,895
- Taxes -€2,305
no longer reported in 2025 (was €2,305)
- Financial charges +€1,659
up €1,659 (+43.6%), from €3,810 to €5,469
- Gross operating margin +€1,326
up €1,326 (+2.2%), from €58,953 to €60,278
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.
Derived cash bridge
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 | €395,733 | €362,710 | -€33,023 | -8.3% |
| Fixed assets | 21/28 | €373,750 | €346,125 | -€27,625 | -7.4% |
| Tangible fixed assets | 22/27 | €373,750 | €346,125 | -€27,625 | -7.4% |
| Land and buildings | 22 | €373,750 | €346,125 | -€27,625 | -7.4% |
| Current assets | 29/58 | €21,983 | €16,585 | -€5,398 | -24.6% |
| Amounts receivable within one year | 40/41 | €9,953 | - | -€9,953 | |
| Trade receivables | 40 | €9,953 | - | -€9,953 | |
| Cash at bank and in hand | 54/58 | €11,021 | €16,585 | +€5,563 | +50.5% |
| Deferred charges and accrued income | 490/1 | €1,009 | - | -€1,009 | |
| Total equity and liabilities | 10/49 | €395,733 | €362,710 | -€33,023 | -8.3% |
| Equity | 10/15 | -€4,967 | €16,851 | +€21,818 | |
| 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 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€25,427 | -€3,609 | +€21,818 | +85.8% |
| Amounts payable | 17/49 | €400,700 | €345,859 | -€54,841 | -13.7% |
| Amounts payable after more than one year | 17 | €232,702 | €293,419 | +€60,718 | +26.1% |
| Financial debts | 170/4 | €232,702 | €193,808 | -€38,894 | -16.7% |
| Other amounts payable | 178/9 | - | €99,612 | +€99,612 | |
| Amounts payable within one year | 42/48 | €167,999 | €46,544 | -€121,454 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €39,459 | €39,932 | +€473 | +1.2% |
| Trade debts | 44 | €6,623 | €6,612 | -€11 | -0.2% |
| Suppliers | 440/4 | €6,623 | €6,612 | -€11 | -0.2% |
| Taxes, remuneration and social security | 45 | €2,305 | - | -€2,305 | |
| Taxes | 450/3 | €2,305 | - | -€2,305 | |
| Other amounts payable | 47/48 | €119,612 | - | -€119,612 | |
| Accrued charges and deferred income | 492/3 | - | €5,895 | +€5,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,625 | €27,625 | = | 0.0% |
| Other operating charges | 640/8 | €5,911 | €5,366 | -€545 | -9.2% |
| Gross operating margin | 9900 | €58,953 | €60,278 | +€1,326 | +2.2% |
| Operating profit (loss) | 9901 | €25,417 | €27,287 | +€1,870 | +7.4% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €3,810 | €5,469 | +€1,659 | +43.6% |
| Recurring financial charges | 65 | €3,810 | €5,469 | +€1,659 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €21,697 | €21,818 | +€121 | +0.6% |
| Income taxes | 67/77 | €2,305 | - | -€2,305 | |
| Profit (loss) for the period | 9904 | €19,392 | €21,818 | +€2,426 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,392 | €21,818 | +€2,426 | +12.5% |
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 14 October 2026 via checked.be.