Fortim: 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.
Fortim
Largest movements
- Receivables within one year -€96,723
down €96,723 (-33.4%), from €289,533 to €192,810
of which Other amounts receivable: -€109,223
- Cash -€6,795
down €6,795 (-70.8%), from €9,600 to €2,806
mainly Tax, wage and social debts (-€64,868) and Trade debts (-€34,528)
- Tax, wage and social debts -€64,868
no longer reported in 2025 (was €64,868)
- Trade debts -€34,528
down €34,528 (-98.5%), from €35,036 to €508
- Profit (loss) carried forward -€4,123
down €4,123 (-8.5%), from -€48,663 to -€52,786
- Gross operating margin -€141,107
down €141,107 (-96.7%), from €145,932 to €4,824
- Taxes -€16,350
no longer reported in 2025 (was €16,350)
- Other operating charges +€12,512
up €12,512 (+3,230%), from €387 to €12,900
- Financial income +€2,719
up €2,719 (+174%), from €1,559 to €4,278
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 | €299,134 | €195,616 | -€103,518 | -34.6% |
| Current assets | 29/58 | €299,134 | €195,616 | -€103,518 | -34.6% |
| Amounts receivable within one year | 40/41 | €289,533 | €192,810 | -€96,723 | -33.4% |
| Trade receivables | 40 | - | €12,500 | +€12,500 | |
| Other amounts receivable | 41 | €289,533 | €180,310 | -€109,223 | -37.7% |
| Cash at bank and in hand | 54/58 | €9,600 | €2,806 | -€6,795 | -70.8% |
| Total equity and liabilities | 10/49 | €299,134 | €195,616 | -€103,518 | -34.6% |
| Equity | 10/15 | €199,230 | €195,108 | -€4,123 | -2.1% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,663 | -€52,786 | -€4,123 | -8.5% |
| Amounts payable | 17/49 | €99,904 | €508 | -€99,395 | -99.5% |
| Amounts payable within one year | 42/48 | €99,904 | €508 | -€99,395 | -99.5% |
| Trade debts | 44 | €35,036 | €508 | -€34,528 | -98.5% |
| Suppliers | 440/4 | €35,036 | €508 | -€34,528 | -98.5% |
| Taxes, remuneration and social security | 45 | €64,868 | - | -€64,868 | |
| Taxes | 450/3 | €64,868 | - | -€64,868 | |
| Other operating charges | 640/8 | €387 | €12,900 | +€12,512 | +3,230% |
| Gross operating margin | 9900 | €145,932 | €4,824 | -€141,107 | -96.7% |
| Operating profit (loss) | 9901 | €145,544 | -€8,075 | -€153,620 | |
| Financial income | 75/76B | €1,559 | €4,278 | +€2,719 | +174% |
| Recurring financial income | 75 | €1,559 | €4,278 | +€2,719 | +174% |
| Financial charges | 65/66B | €337 | €325 | -€12 | -3.4% |
| Recurring financial charges | 65 | €337 | €325 | -€12 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €146,766 | -€4,123 | -€150,889 | |
| Income taxes | 67/77 | €16,350 | - | -€16,350 | |
| Profit (loss) for the period | 9904 | €130,416 | -€4,123 | -€134,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,416 | -€4,123 | -€134,539 |
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 15 October 2026 via checked.be.