FORTECH: 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.
What changed
FORTECH
NACE 35.120, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€119,937
2024 · €580,238-€460,301
Equity
€7.4m
2024 · €7.4m+€3,693
Cash
€1.5m
2024 · €7.2m-€5.7m
Balance sheet total
€13.6m
2024 · €13.7m-€156,780
Largest movements
Assets
- Cash -€5.7m
down €5.7m (-79.8%), from €7.2m to €1.5m
mainly Current investments (-€5.7m) and Investment in fixed assets (net) (-€609,416)
- Current investments +€5.7m
up €5.7m (+1,112%), from €508,200 to €6.2m
- Financial fixed assets +€436,400
up €436,400 (+325%), from €134,096 to €570,496
- Tangible fixed assets -€284,350
down €284,350 (-8.5%), from €3.4m to €3.1m
of which Plant, machinery and equipment: -€277,405
- Receivables within one year -€264,480
down €264,480 (-10.5%), from €2.5m to €2.3m
of which Trade receivables: -€835,428
Equity and liabilities
- Debts after one year -€166,667
down €166,667 (-5.7%), from €2.9m to €2.8m
- Contributions -€150,660
down €150,660 (-21.6%), from €698,100 to €547,440
Income statement
- Financial income -€490,178
down €490,178 (-82.7%), from €592,489 to €102,311
- Gross operating margin -€470,103
down €470,103 (-29.7%), from €1.6m to €1.1m
- Staff costs +€179,675
up €179,675 (+154%), from €116,340 to €296,015
- Depreciation +€37,152
up €37,152 (+8.8%), from €420,214 to €457,366
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.
Result 2024
€580,238
Gross operating margin
-€470,103
Staff costs
-€179,675
Depreciation
-€37,152
Write-downs
+€8,100
Provisions
-€3,831
Other operating charges
-€13,891
Other operating items
+€729,974
Financial income
-€490,178
Financial charges
-€6,783
Taxes
+€3,238
Result 2025
€119,937
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€802,936
Investment
-€6.3m
Financing
-€282,911
Cash 2024
€7.2m
From operations (derived)
+€802,936
Net result for the year
+€119,937
Depreciation
+€457,366
Receivables within one year
+€264,480
Deferred charges and accrued income
-€45,041
Provisions
+€68,003
Trade debts
-€90,496
Tax, wage and social debts
+€53,076
Other debts
-€24,389
Investment (derived)
-€6.3m
Investment in fixed assets (net)
-€609,416
Current investments
-€5.7m
Financing
-€282,911
Debts after one year
-€166,667
Contributions, distributions and other
-€116,244
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,708,176 | €13,551,396 | -€156,780 | -1.1% |
| Fixed assets | 21/28 | €3,491,794 | €3,643,844 | +€152,050 | +4.4% |
| Tangible fixed assets | 22/27 | €3,357,698 | €3,073,348 | -€284,350 | -8.5% |
| Land and buildings | 22 | €325,696 | €317,744 | -€7,952 | -2.4% |
| Plant, machinery and equipment | 23 | €3,029,433 | €2,752,028 | -€277,405 | -9.2% |
| Furniture and vehicles | 24 | €2,569 | €3,576 | +€1,007 | +39.2% |
| Financial fixed assets | 28 | €134,096 | €570,496 | +€436,400 | +325% |
| Current assets | 29/58 | €10,216,382 | €9,907,552 | -€308,830 | -3.0% |
| Amounts receivable within one year | 40/41 | €2,514,722 | €2,250,242 | -€264,480 | -10.5% |
| Trade receivables | 40 | €1,555,570 | €720,142 | -€835,428 | -53.7% |
| Other amounts receivable | 41 | €959,152 | €1,530,100 | +€570,948 | +59.5% |
| Current investments | 50/53 | €508,200 | €6,158,788 | +€5.7m | +1,112% |
| Cash at bank and in hand | 54/58 | €7,193,460 | €1,453,481 | -€5.7m | -79.8% |
| Deferred charges and accrued income | 490/1 | - | €45,041 | +€45,041 | |
| Total equity and liabilities | 10/49 | €13,708,176 | €13,551,396 | -€156,780 | -1.1% |
| Equity | 10/15 | €7,441,322 | €7,445,015 | +€3,693 | 0.0% |
| Contributions | 10/11 | €698,100 | €547,440 | -€150,660 | -21.6% |
| Reserves | 13 | €6,743,222 | €6,863,159 | +€119,937 | +1.8% |
| Non-distributable reserves | 130/1 | €508,200 | €502,788 | -€5,412 | -1.1% |
| Own shares acquired | 1312 | €508,200 | €502,788 | -€5,412 | -1.1% |
| Distributable reserves | 133 | €6,235,022 | €6,360,371 | +€125,349 | +2.0% |
| Investment grants | 15 | - | €34,416 | +€34,416 | |
| Provisions and deferred taxes | 16 | €1,743,371 | €1,811,374 | +€68,003 | +3.9% |
| Provisions for liabilities and charges | 160/5 | €1,743,371 | €1,811,374 | +€68,003 | +3.9% |
| Other liabilities and charges | 164/5 | €1,743,371 | €1,811,374 | +€68,003 | +3.9% |
| Amounts payable | 17/49 | €4,523,483 | €4,295,007 | -€228,476 | -5.1% |
| Amounts payable after more than one year | 17 | €2,946,333 | €2,779,666 | -€166,667 | -5.7% |
| Financial debts | 170/4 | €2,946,333 | €2,779,666 | -€166,667 | -5.7% |
| Amounts payable within one year | 42/48 | €1,577,150 | €1,515,341 | -€61,809 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €166,666 | €166,666 | = | 0.0% |
| Trade debts | 44 | €1,217,516 | €1,127,020 | -€90,496 | -7.4% |
| Suppliers | 440/4 | €1,217,516 | €1,127,020 | -€90,496 | -7.4% |
| Taxes, remuneration and social security | 45 | €17,919 | €70,995 | +€53,076 | +296% |
| Taxes | 450/3 | €4,647 | €39,930 | +€35,283 | +759% |
| Remuneration and social security | 454/9 | €13,272 | €31,065 | +€17,793 | +134% |
| Other amounts payable | 47/48 | €175,049 | €150,660 | -€24,389 | -13.9% |
| Non-recurring operating income | 76A | - | €230,790 | +€230,790 | |
| Remuneration, social security and pensions | 62 | €116,340 | €296,015 | +€179,675 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420,214 | €457,366 | +€37,152 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,100 | - | -€8,100 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €64,172 | €68,003 | +€3,831 | +6.0% |
| Other operating charges | 640/8 | €18,173 | €32,064 | +€13,891 | +76.4% |
| Non-recurring operating charges | 66A | €729,974 | - | -€729,974 | |
| Gross operating margin | 9900 | €1,583,533 | €1,113,430 | -€470,103 | -29.7% |
| Operating profit (loss) | 9901 | €226,560 | €259,982 | +€33,422 | +14.8% |
| Financial income | 75/76B | €592,489 | €102,311 | -€490,178 | -82.7% |
| Recurring financial income | 75 | €592,489 | €102,311 | -€490,178 | -82.7% |
| Financial charges | 65/66B | €172,703 | €179,486 | +€6,783 | +3.9% |
| Recurring financial charges | 65 | €172,703 | €179,486 | +€6,783 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €646,346 | €182,807 | -€463,539 | -71.7% |
| Income taxes | 67/77 | €66,108 | €62,870 | -€3,238 | -4.9% |
| Profit (loss) for the period | 9904 | €580,238 | €119,937 | -€460,301 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €580,238 | €119,937 | -€460,301 | -79.3% |
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 23 October 2026 via checked.be.