FORTANOVA: 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.
FORTANOVA
Largest movements
- Receivables within one year +€2,534
up €2,534 (+10.3%), from €24,686 to €27,221
of which Trade receivables: +€4,883
- Tangible fixed assets +€1,051
up €1,051 (+7.1%), from €14,817 to €15,867
of which Plant, machinery and equipment: +€4,026
- Deferred charges and accrued income -€534
no longer reported in 2024 (was €534)
- Advances received +€14,461
new in 2024: €14,461
- Profit (loss) carried forward -€6,748
down €6,748 (-92.2%), from €7,320 to €573
- Tax, wage and social debts -€3,956
down €3,956 (-66.8%), from €5,925 to €1,970
of which Taxes: -€3,731
- Trade debts -€437
down €437 (-8.1%), from €5,381 to €4,944
- Gross operating margin -€1,159
down €1,159, from €777 to -€383
- Depreciation +€1,105
up €1,105 (+29.0%), from €3,815 to €4,920
- Other operating charges +€854
up €854 (+68.5%), from €1,246 to €2,100
- Financial income +€226
up €226 (+90.8%), from €249 to €476
- Financial charges +€80
up €80 (+55.4%), from €144 to €223
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.
Cash bridge derived
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 | €40,036 | €43,090 | +€3,054 | +7.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,817 | €15,867 | +€1,051 | +7.1% |
| Tangible fixed assets | 22/27 | €14,817 | €15,867 | +€1,051 | +7.1% |
| Plant, machinery and equipment | 23 | €796 | €4,822 | +€4,026 | +505.7% |
| Furniture and vehicles | 24 | €14,021 | €11,046 | -€2,975 | -21.2% |
| Current assets | 29/58 | €25,220 | €27,223 | +€2,003 | +7.9% |
| Amounts receivable within one year | 40/41 | €24,686 | €27,221 | +€2,534 | +10.3% |
| Trade receivables | 40 | €12,499 | €17,382 | +€4,883 | +39.1% |
| Other amounts receivable | 41 | €12,187 | €9,838 | -€2,349 | -19.3% |
| Cash at bank and in hand | 54/58 | - | €2 | +€2 | |
| Deferred charges and accrued income | 490/1 | €534 | - | -€534 | |
| Total equity and liabilities | 10/49 | €40,036 | €43,090 | +€3,054 | +7.6% |
| Equity | 10/15 | €26,322 | €19,173 | -€7,150 | -27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402 | - | -€402 | |
| Non-distributable reserves | 130/1 | €402 | - | -€402 | |
| Reserves not available under the articles | 1311 | €402 | - | -€402 | |
| Profit (loss) carried forward | 14 | €7,320 | €573 | -€6,748 | -92.2% |
| Amounts payable | 17/49 | €13,714 | €23,917 | +€10,203 | +74.4% |
| Amounts payable within one year | 42/48 | €13,652 | €23,917 | +€10,265 | +75.2% |
| Financial debts | 43 | €2,346 | €2,542 | +€196 | +8.4% |
| Credit institutions | 430/8 | €2,346 | €2,542 | +€196 | +8.4% |
| Trade debts | 44 | €5,381 | €4,944 | -€437 | -8.1% |
| Suppliers | 440/4 | €5,381 | €4,944 | -€437 | -8.1% |
| Advances received on contracts in progress | 46 | - | €14,461 | +€14,461 | |
| Taxes, remuneration and social security | 45 | €5,925 | €1,970 | -€3,956 | -66.8% |
| Taxes | 450/3 | €5,700 | €1,970 | -€3,731 | -65.4% |
| Remuneration and social security | 454/9 | €225 | - | -€225 | |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,815 | €4,920 | +€1,105 | +29.0% |
| Other operating charges | 640/8 | €1,246 | €2,100 | +€854 | +68.5% |
| Gross operating margin | 9900 | €777 | -€383 | -€1,159 | |
| Operating profit (loss) | 9901 | -€4,284 | -€7,402 | -€3,118 | -72.8% |
| Financial income | 75/76B | €249 | €476 | +€226 | +90.8% |
| Recurring financial income | 75 | €249 | €476 | +€226 | +90.8% |
| Financial charges | 65/66B | €144 | €223 | +€80 | +55.4% |
| Recurring financial charges | 65 | €144 | €223 | +€80 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,178 | -€7,150 | -€2,971 | -71.1% |
| Profit (loss) for the period | 9904 | -€4,178 | -€7,150 | -€2,971 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,178 | -€7,150 | -€2,971 | -71.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.