Fortek: 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.
Fortek
Largest movements
- Receivables within one year +€51,634
up €51,634 (+139.8%), from €36,938 to €88,572
of which Other amounts receivable: +€47,967
- Tangible fixed assets -€27,893
down €27,893 (-19.2%), from €145,532 to €117,638
of which Plant, machinery and equipment: -€24,853
- Current investments +€15,097
up €15,097 (+17.5%), from €86,085 to €101,182
- Cash +€4,045
up €4,045 (+6.1%), from €65,898 to €69,943
mainly Net result for the year (+€48,836) and Depreciation (+€35,991)
- Reserves +€48,836
up €48,836 (+17.1%), from €284,952 to €333,789
of which Distributable reserves: +€48,836
- Other debts -€7,466
down €7,466 (-100.0%), from €7,466 to €0
- Tax, wage and social debts +€3,863
up €3,863 (+28.6%), from €13,511 to €17,374
of which Remuneration and social security: +€6,783
- Gross operating margin +€2,751
up €2,751 (+2.6%), from €106,334 to €109,085
- Depreciation +€2,336
up €2,336 (+6.9%), from €33,655 to €35,991
- Taxes +€1,641
up €1,641 (+8.9%), from €18,529 to €20,169
- Financial income +€1,379
up €1,379 (+260.9%), from €528 to €1,907
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 | €336,667 | €380,229 | +€43,562 | +12.9% |
| Fixed assets | 21/28 | €145,532 | €117,668 | -€27,863 | -19.1% |
| Tangible fixed assets | 22/27 | €145,532 | €117,638 | -€27,893 | -19.2% |
| Land and buildings | 22 | €31,171 | €24,839 | -€6,331 | -20.3% |
| Plant, machinery and equipment | 23 | €110,161 | €85,308 | -€24,853 | -22.6% |
| Furniture and vehicles | 24 | €4,200 | €7,491 | +€3,292 | +78.4% |
| Financial fixed assets | 28 | - | €30 | +€30 | |
| Current assets | 29/58 | €191,135 | €262,561 | +€71,425 | +37.4% |
| Amounts receivable within one year | 40/41 | €36,938 | €88,572 | +€51,634 | +139.8% |
| Trade receivables | 40 | €32,180 | €35,847 | +€3,667 | +11.4% |
| Other amounts receivable | 41 | €4,758 | €52,725 | +€47,967 | +1008.2% |
| Current investments | 50/53 | €86,085 | €101,182 | +€15,097 | +17.5% |
| Cash at bank and in hand | 54/58 | €65,898 | €69,943 | +€4,045 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,214 | €2,864 | +€649 | +29.3% |
| Total equity and liabilities | 10/49 | €336,667 | €380,229 | +€43,562 | +12.9% |
| Equity | 10/15 | €304,568 | €353,066 | +€48,498 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,952 | €333,789 | +€48,836 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €283,092 | €331,929 | +€48,836 | +17.3% |
| Investment grants | 15 | €1,015 | €677 | -€338 | -33.3% |
| Amounts payable | 17/49 | €32,099 | €27,163 | -€4,935 | -15.4% |
| Amounts payable after more than one year | 17 | €7,271 | €5,448 | -€1,823 | -25.1% |
| Financial debts | 170/4 | €7,271 | €5,448 | -€1,823 | -25.1% |
| Amounts payable within one year | 42/48 | €24,828 | €21,716 | -€3,112 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €1,801 | €1,823 | +€22 | +1.2% |
| Financial debts | 43 | €6 | €20 | +€14 | +233.7% |
| Credit institutions | 430/8 | €6 | €20 | +€14 | +233.7% |
| Trade debts | 44 | €2,044 | €2,498 | +€455 | +22.2% |
| Suppliers | 440/4 | €2,044 | €2,498 | +€455 | +22.2% |
| Taxes, remuneration and social security | 45 | €13,511 | €17,374 | +€3,863 | +28.6% |
| Taxes | 450/3 | €13,511 | €10,591 | -€2,920 | -21.6% |
| Remuneration and social security | 454/9 | €0 | €6,783 | +€6,783 | |
| Other amounts payable | 47/48 | €7,466 | €0 | -€7,466 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,655 | €35,991 | +€2,336 | +6.9% |
| Other operating charges | 640/8 | €2,321 | €1,369 | -€952 | -41.0% |
| Gross operating margin | 9900 | €106,334 | €109,085 | +€2,751 | +2.6% |
| Operating profit (loss) | 9901 | €70,358 | €71,726 | +€1,368 | +1.9% |
| Financial income | 75/76B | €528 | €1,907 | +€1,379 | +260.9% |
| Recurring financial income | 75 | €528 | €1,907 | +€1,379 | +260.9% |
| Financial charges | 65/66B | €3,997 | €4,628 | +€631 | +15.8% |
| Recurring financial charges | 65 | €3,997 | €4,628 | +€631 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €66,890 | €69,006 | +€2,115 | +3.2% |
| Income taxes | 67/77 | €18,529 | €20,169 | +€1,641 | +8.9% |
| Profit (loss) for the period | 9904 | €48,362 | €48,836 | +€475 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,362 | €48,836 | +€475 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.