FORTE & CO: 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.
FORTE & CO
Largest movements
- Receivables within one year +€18,045
up €18,045 (+115%), from €15,656 to €33,702
of which Trade receivables: +€9,695
- Stocks and contracts -€10,283
down €10,283 (-73.8%), from €13,939 to €3,656
- Cash -€8,780
down €8,780 (-9.3%), from €93,954 to €85,174
mainly Receivables within one year (-€18,045) and Investment in fixed assets (net) (-€11,483)
- Tangible fixed assets +€8,342
up €8,342 (+80.2%), from €10,400 to €18,742
of which Other tangible fixed assets: +€7,110
- Tax, wage and social debts +€19,166
up €19,166 (+149%), from €12,892 to €32,058
of which Taxes: +€20,586
- Current portion of long-term debt -€6,339
no longer reported in 2024 (was €6,339)
- Trade debts -€3,815
down €3,815 (-27.1%), from €14,078 to €10,263
- Other debts -€2,093
no longer reported in 2024 (was €2,093)
- Turnover -€365,352
no longer reported in 2024 (was €365,352)
- Gross operating margin -€19,614
down €19,614 (-17.9%), from €109,395 to €89,781
- Staff costs +€7,339
up €7,339 (+17.1%), from €42,909 to €50,248
- Financial charges +€6,509
up €6,509 (+259%), from €2,515 to €9,024
of which Non-recurring financial charges: +€5,816
- Taxes +€5,000
up €5,000 (+25.0%), from €20,000 to €25,000
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 | €134,908 | €142,234 | +€7,325 | +5.4% |
| Fixed assets | 21/28 | €10,500 | €18,842 | +€8,342 | +79.5% |
| Tangible fixed assets | 22/27 | €10,400 | €18,742 | +€8,342 | +80.2% |
| Plant, machinery and equipment | 23 | €6,875 | €8,384 | +€1,509 | +21.9% |
| Furniture and vehicles | 24 | €1,337 | €1,061 | -€276 | -20.6% |
| Other tangible fixed assets | 26 | €2,187 | €9,297 | +€7,110 | +325% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €124,409 | €123,391 | -€1,017 | -0.8% |
| Stocks and contracts in progress | 3 | €13,939 | €3,656 | -€10,283 | -73.8% |
| Stocks | 30/36 | €13,939 | €3,656 | -€10,283 | -73.8% |
| Amounts receivable within one year | 40/41 | €15,656 | €33,702 | +€18,045 | +115% |
| Trade receivables | 40 | - | €9,695 | +€9,695 | |
| Other amounts receivable | 41 | €15,656 | €24,006 | +€8,350 | +53.3% |
| Cash at bank and in hand | 54/58 | €93,954 | €85,174 | -€8,780 | -9.3% |
| Deferred charges and accrued income | 490/1 | €859 | €859 | = | 0.0% |
| Total equity and liabilities | 10/49 | €134,908 | €142,234 | +€7,325 | +5.4% |
| Equity | 10/15 | €99,506 | €99,912 | +€406 | +0.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,506 | €96,912 | +€406 | +0.4% |
| Amounts payable | 17/49 | €35,402 | €42,321 | +€6,919 | +19.5% |
| Amounts payable within one year | 42/48 | €35,402 | €42,321 | +€6,919 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €6,339 | - | -€6,339 | |
| Trade debts | 44 | €14,078 | €10,263 | -€3,815 | -27.1% |
| Suppliers | 440/4 | €14,078 | €10,263 | -€3,815 | -27.1% |
| Taxes, remuneration and social security | 45 | €12,892 | €32,058 | +€19,166 | +149% |
| Taxes | 450/3 | €3,617 | €24,203 | +€20,586 | +569% |
| Remuneration and social security | 454/9 | €9,275 | €7,855 | -€1,420 | -15.3% |
| Other amounts payable | 47/48 | €2,093 | - | -€2,093 | |
| Turnover | 70 | €365,352 | - | -€365,352 | |
| Remuneration, social security and pensions | 62 | €42,909 | €50,248 | +€7,339 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,824 | €3,140 | +€1,316 | +72.1% |
| Other operating charges | 640/8 | €3,434 | €1,999 | -€1,435 | -41.8% |
| Gross operating margin | 9900 | €109,395 | €89,781 | -€19,614 | -17.9% |
| Operating profit (loss) | 9901 | €61,227 | €34,393 | -€26,834 | -43.8% |
| Financial income | 75/76B | €960 | €37 | -€923 | -96.1% |
| Recurring financial income | 75 | €960 | €37 | -€923 | -96.1% |
| Financial charges | 65/66B | €2,515 | €9,024 | +€6,509 | +259% |
| Recurring financial charges | 65 | €2,515 | €3,208 | +€693 | +27.6% |
| Non-recurring financial charges | 66B | - | €5,816 | +€5,816 | |
| Profit (loss) for the period before taxes | 9903 | €59,672 | €25,406 | -€34,266 | -57.4% |
| Income taxes | 67/77 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Profit (loss) for the period | 9904 | €39,672 | €406 | -€39,266 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,672 | €406 | -€39,266 | -99.0% |
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 18 October 2026 via checked.be.