FORTIMED: 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.
FORTIMED
Largest movements
- Receivables within one year +€72,237
up €72,237 (+17.9%), from €404,664 to €476,901
of which Trade receivables: +€56,388
- Stocks and contracts -€29,350
down €29,350 (-14.2%), from €206,480 to €177,130
- Cash +€14,339
up €14,339 (+34.4%), from €41,643 to €55,982
mainly Net result for the year (+€292,345) and Tax, wage and social debts (+€89,808)
- Reserves +€292,345
up €292,345 (+81.9%), from €357,123 to €649,469
- Trade debts -€284,777
down €284,777 (-93.1%), from €305,739 to €20,961
- Tax, wage and social debts +€89,808
up €89,808 (+6,868%), from €1,308 to €91,116
- Current portion of long-term debt -€41,191
no longer reported in 2024 (was €41,191)
- Gross operating margin +€423,447
up €423,447 (+736%), from €57,565 to €481,012
- Taxes +€132,102
up €132,102 (+703%), from €18,798 to €150,900
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 | €1,027,269 | €1,083,454 | +€56,185 | +5.5% |
| Fixed assets | 21/28 | €44,905 | €38,030 | -€6,876 | -15.3% |
| Tangible fixed assets | 22/27 | €44,905 | €38,030 | -€6,876 | -15.3% |
| Plant, machinery and equipment | 23 | €2 | €2 | = | 0.0% |
| Furniture and vehicles | 24 | €8,118 | €5,499 | -€2,619 | -32.3% |
| Other tangible fixed assets | 26 | €36,785 | €32,529 | -€4,256 | -11.6% |
| Current assets | 29/58 | €982,364 | €1,045,424 | +€63,060 | +6.4% |
| Amounts receivable after more than one year | 29 | €329,318 | €334,060 | +€4,742 | +1.4% |
| Other amounts receivable | 291 | €329,318 | €334,060 | +€4,742 | +1.4% |
| Stocks and contracts in progress | 3 | €206,480 | €177,130 | -€29,350 | -14.2% |
| Stocks | 30/36 | €206,480 | €177,130 | -€29,350 | -14.2% |
| Amounts receivable within one year | 40/41 | €404,664 | €476,901 | +€72,237 | +17.9% |
| Trade receivables | 40 | €328,426 | €384,814 | +€56,388 | +17.2% |
| Other amounts receivable | 41 | €76,237 | €92,086 | +€15,849 | +20.8% |
| Cash at bank and in hand | 54/58 | €41,643 | €55,982 | +€14,339 | +34.4% |
| Deferred charges and accrued income | 490/1 | €259 | €1,352 | +€1,092 | +421% |
| Total equity and liabilities | 10/49 | €1,027,269 | €1,083,454 | +€56,185 | +5.5% |
| Equity | 10/15 | €357,223 | €649,569 | +€292,345 | +81.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €357,123 | €649,469 | +€292,345 | +81.9% |
| Distributable reserves | 133 | €357,123 | €649,469 | +€292,345 | +81.9% |
| Amounts payable | 17/49 | €670,046 | €433,885 | -€236,161 | -35.2% |
| Amounts payable after more than one year | 17 | €41,808 | €41,808 | = | 0.0% |
| Financial debts | 170/4 | €41,808 | €41,808 | = | 0.0% |
| Amounts payable within one year | 42/48 | €628,238 | €392,077 | -€236,161 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €41,191 | - | -€41,191 | |
| Financial debts | 43 | €280,000 | €280,000 | = | 0.0% |
| Credit institutions | 430/8 | €280,000 | €280,000 | = | 0.0% |
| Trade debts | 44 | €305,739 | €20,961 | -€284,777 | -93.1% |
| Suppliers | 440/4 | €305,739 | €20,961 | -€284,777 | -93.1% |
| Taxes, remuneration and social security | 45 | €1,308 | €91,116 | +€89,808 | +6,868% |
| Taxes | 450/3 | €1,308 | €91,116 | +€89,808 | +6,868% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,395 | €11,166 | -€229 | -2.0% |
| Other operating charges | 640/8 | €6,782 | €11,211 | +€4,429 | +65.3% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | €57,565 | €481,012 | +€423,447 | +736% |
| Operating profit (loss) | 9901 | €39,345 | €458,635 | +€419,291 | +1,066% |
| Financial income | 75/76B | €4,246 | €6,176 | +€1,929 | +45.4% |
| Recurring financial income | 75 | €4,246 | €6,176 | +€1,929 | +45.4% |
| Financial charges | 65/66B | €16,829 | €21,566 | +€4,737 | +28.1% |
| Recurring financial charges | 65 | €16,829 | €21,566 | +€4,737 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €26,762 | €443,245 | +€416,483 | +1,556% |
| Income taxes | 67/77 | €18,798 | €150,900 | +€132,102 | +703% |
| Profit (loss) for the period | 9904 | €7,964 | €292,345 | +€284,381 | +3,571% |
| Profit (loss) for the period to be appropriated | 9905 | €7,964 | €292,345 | +€284,381 | +3,571% |
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 17 October 2026 via checked.be.