Forteform: 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.
Forteform
Largest movements
- Cash -€104,702
down €104,702 (-70.0%), from €149,483 to €44,780
mainly Other debts (-€148,653) and Contributions, distributions and other (-€120,000)
- Receivables within one year -€23,228
down €23,228 (-30.3%), from €76,778 to €53,550
of which Trade receivables: -€39,581
- Receivables after one year -€19,111
down €19,111 (-37.5%), from €51,000 to €31,889
- Tangible fixed assets -€4,095
down €4,095 (-29.5%), from €13,888 to €9,793
of which Furniture and vehicles: -€4,484
- Other debts -€148,653
down €148,653 (-96.9%), from €153,468 to €4,816
- Financial income -€49,807
down €49,807 (-85.1%), from €58,516 to €8,708
- Gross operating margin +€7,086
up €7,086 (+4.7%), from €149,694 to €156,780
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.
Cash bridge derived
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 | €381,937 | €230,504 | -€151,433 | -39.6% |
| Fixed assets | 21/28 | €104,380 | €100,284 | -€4,095 | -3.9% |
| Tangible fixed assets | 22/27 | €13,888 | €9,793 | -€4,095 | -29.5% |
| Plant, machinery and equipment | 23 | - | €2,359 | +€2,359 | |
| Furniture and vehicles | 24 | €9,847 | €5,362 | -€4,484 | -45.5% |
| Other tangible fixed assets | 26 | €4,042 | €2,072 | -€1,970 | -48.7% |
| Financial fixed assets | 28 | €90,491 | €90,491 | = | 0.0% |
| Current assets | 29/58 | €277,557 | €130,219 | -€147,338 | -53.1% |
| Amounts receivable after more than one year | 29 | €51,000 | €31,889 | -€19,111 | -37.5% |
| Other amounts receivable | 291 | €51,000 | €31,889 | -€19,111 | -37.5% |
| Amounts receivable within one year | 40/41 | €76,778 | €53,550 | -€23,228 | -30.3% |
| Trade receivables | 40 | €76,690 | €37,109 | -€39,581 | -51.6% |
| Other amounts receivable | 41 | €89 | €16,441 | +€16,352 | +18454.3% |
| Cash at bank and in hand | 54/58 | €149,483 | €44,780 | -€104,702 | -70.0% |
| Deferred charges and accrued income | 490/1 | €296 | €0 | -€296 | -100.0% |
| Total equity and liabilities | 10/49 | €381,937 | €230,504 | -€151,433 | -39.6% |
| Equity | 10/15 | €209,512 | €209,658 | +€146 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,912 | €191,058 | +€146 | +0.1% |
| Distributable reserves | 133 | €190,912 | €191,058 | +€146 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,424 | €20,846 | -€151,578 | -87.9% |
| Amounts payable within one year | 42/48 | €172,424 | €20,846 | -€151,578 | -87.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,224 | €994 | -€1,230 | -55.3% |
| Suppliers | 440/4 | €2,224 | €994 | -€1,230 | -55.3% |
| Taxes, remuneration and social security | 45 | €16,732 | €15,036 | -€1,696 | -10.1% |
| Taxes | 450/3 | €16,732 | €15,036 | -€1,696 | -10.1% |
| Other amounts payable | 47/48 | €153,468 | €4,816 | -€148,653 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,366 | €12,692 | -€674 | -5.0% |
| Other operating charges | 640/8 | €528 | €911 | +€383 | +72.4% |
| Gross operating margin | 9900 | €149,694 | €156,780 | +€7,086 | +4.7% |
| Operating profit (loss) | 9901 | €135,800 | €143,177 | +€7,377 | +5.4% |
| Financial income | 75/76B | €58,516 | €8,708 | -€49,807 | -85.1% |
| Recurring financial income | 75 | €58,516 | €8,708 | -€49,807 | -85.1% |
| Financial charges | 65/66B | €144 | €140 | -€4 | -2.8% |
| Recurring financial charges | 65 | €144 | €140 | -€4 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €194,172 | €151,745 | -€42,427 | -21.9% |
| Income taxes | 67/77 | €30,092 | €31,600 | +€1,508 | +5.0% |
| Profit (loss) for the period | 9904 | €164,080 | €120,146 | -€43,934 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,080 | €120,146 | -€43,934 | -26.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.