FORTBEKE: 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.
FORTBEKE
Largest movements
- Cash -€68,427
down €68,427 (-50.5%), from €135,494 to €67,067
mainly Investment in fixed assets (net) (-€67,249) and Net result for the year (-€18,464)
- Tangible fixed assets +€47,818
up €47,818 (+29.3%), from €163,050 to €210,867
of which Plant, machinery and equipment: +€47,390
- Profit (loss) carried forward -€18,464
down €18,464 (-69.3%), from €26,635 to €8,171
- Tax, wage and social debts -€8,627
down €8,627 (-82.9%), from €10,403 to €1,776
- Other debts +€6,605
up €6,605 (+69.1%), from €9,555 to €16,160
- Accrued charges and deferred income -€3,501
no longer reported in 2025 (was €3,501)
- Gross operating margin -€6,966
down €6,966 (-55.9%), from €12,452 to €5,486
- Depreciation +€3,258
up €3,258 (+20.1%), from €16,174 to €19,432
- Financial income -€1,211
down €1,211 (-85.2%), from €1,422 to €211
- Financial charges -€266
down €266 (-76.4%), from €348 to €82
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 | €318,801 | €297,375 | -€21,426 | -6.7% |
| Fixed assets | 21/28 | €163,050 | €210,867 | +€47,818 | +29.3% |
| Tangible fixed assets | 22/27 | €163,050 | €210,867 | +€47,818 | +29.3% |
| Land and buildings | 22 | €136,449 | €134,575 | -€1,874 | -1.4% |
| Plant, machinery and equipment | 23 | €11,279 | €58,669 | +€47,390 | +420% |
| Furniture and vehicles | 24 | €9,735 | €13,153 | +€3,419 | +35.1% |
| Other tangible fixed assets | 26 | €5,587 | €4,470 | -€1,118 | -20.0% |
| Current assets | 29/58 | €155,751 | €86,507 | -€69,244 | -44.5% |
| Amounts receivable within one year | 40/41 | €18,522 | €17,363 | -€1,160 | -6.3% |
| Trade receivables | 40 | €14,926 | €17,340 | +€2,414 | +16.2% |
| Other amounts receivable | 41 | €3,596 | €23 | -€3,574 | -99.4% |
| Cash at bank and in hand | 54/58 | €135,494 | €67,067 | -€68,427 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,735 | €2,078 | +€343 | +19.8% |
| Total equity and liabilities | 10/49 | €318,801 | €297,375 | -€21,426 | -6.7% |
| Equity | 10/15 | €285,154 | €266,690 | -€18,464 | -6.5% |
| Contributions | 10/11 | €257,809 | €257,809 | = | 0.0% |
| Capital | 10 | €257,809 | €257,809 | = | 0.0% |
| Issued capital | 100 | €257,809 | €257,809 | = | 0.0% |
| Reserves | 13 | €710 | €710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €710 | €710 | = | 0.0% |
| Legal reserve | 130 | €710 | €710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,635 | €8,171 | -€18,464 | -69.3% |
| Amounts payable | 17/49 | €33,647 | €30,685 | -€2,962 | -8.8% |
| Amounts payable within one year | 42/48 | €30,145 | €30,685 | +€539 | +1.8% |
| Trade debts | 44 | €10,188 | €12,749 | +€2,561 | +25.1% |
| Suppliers | 440/4 | €10,188 | €12,749 | +€2,561 | +25.1% |
| Taxes, remuneration and social security | 45 | €10,403 | €1,776 | -€8,627 | -82.9% |
| Taxes | 450/3 | €10,403 | €1,776 | -€8,627 | -82.9% |
| Other amounts payable | 47/48 | €9,555 | €16,160 | +€6,605 | +69.1% |
| Accrued charges and deferred income | 492/3 | €3,501 | - | -€3,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,174 | €19,432 | +€3,258 | +20.1% |
| Other operating charges | 640/8 | €4,675 | €4,647 | -€28 | -0.6% |
| Gross operating margin | 9900 | €12,452 | €5,486 | -€6,966 | -55.9% |
| Operating profit (loss) | 9901 | -€8,397 | -€18,593 | -€10,196 | -121% |
| Financial income | 75/76B | €1,422 | €211 | -€1,211 | -85.2% |
| Recurring financial income | 75 | €1,422 | €211 | -€1,211 | -85.2% |
| Financial charges | 65/66B | €348 | €82 | -€266 | -76.4% |
| Recurring financial charges | 65 | €348 | €82 | -€266 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,324 | -€18,464 | -€11,141 | -152% |
| Profit (loss) for the period | 9904 | -€7,324 | -€18,464 | -€11,141 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,324 | -€18,464 | -€11,141 | -152% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.