FORTIMMO: 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
FORTIMMO
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€179,880
2023 · €94,105+€85,775
Equity
€4.0m
2023 · €3.8m+€179,880
Cash
€147,537
2023 · €62,188+€85,349
Balance sheet total
€7.1m
2023 · €5.5m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€917,612
up €917,612 (+35.5%), from €2.6m to €3.5m
of which Assets under construction and advance payments: +€1.0m
- Current investments +€550,000
up €550,000 (+57.9%), from €950,000 to €1.5m
- Cash +€85,349
up €85,349 (+137%), from €62,188 to €147,537
mainly Other debts (+€1.5m) and Net result for the year (+€179,880)
- Receivables within one year +€82,712
up €82,712 (+503%), from €16,450 to €99,162
of which Trade receivables: +€64,104
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+231%), from €644,106 to €2.1m
- Profit (loss) carried forward +€180,905
up €180,905 (+12.5%), from €1.4m to €1.6m
- Debts after one year -€83,801
down €83,801 (-10.5%), from €798,878 to €715,077
Income statement
- Gross operating margin +€160,286
up €160,286 (+68.1%), from €235,463 to €395,749
- Financial charges +€26,038
up €26,038 (+69.7%), from €37,341 to €63,379
- Taxes +€21,627
up €21,627 (+78.3%), from €27,624 to €49,251
- Depreciation +€15,876
up €15,876 (+14.8%), from €107,549 to €123,425
- Other operating charges +€12,462
up €12,462 (+67.1%), from €18,573 to €31,035
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.
Result 2023
€94,105
Gross operating margin
+€160,286
Depreciation
-€15,876
Other operating charges
-€12,462
Financial income
+€1,493
Financial charges
-€26,038
Other financial items
-€1
Taxes
-€21,627
Result 2024
€179,880
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€1.6m
Financing
-€82,392
Cash 2023
€62,188
From operations (derived)
+€1.8m
Net result for the year
+€179,880
Depreciation
+€123,425
Receivables within one year
-€82,712
Deferred charges and accrued income
+€8,262
Provisions
-€5,430
Trade debts
+€26,995
Tax, wage and social debts
+€21,087
Smaller working-capital items
-€2,371
Other debts
+€1.5m
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.0m
Current investments
-€550,000
Financing
-€82,392
Debts after one year
-€83,801
Current portion of long-term debt
+€4,549
Short-term financial debts
-€3,140
Contributions, distributions and other
-€0
Not broken down
+€1
Cash 2024
€147,537
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,476,240 | €7,103,649 | +€1.6m | +29.7% |
| Fixed assets | 21/28 | €4,028,484 | €4,946,095 | +€917,611 | +22.8% |
| Tangible fixed assets | 22/27 | €2,584,734 | €3,502,346 | +€917,612 | +35.5% |
| Land and buildings | 22 | €2,483,685 | €2,384,050 | -€99,635 | -4.0% |
| Plant, machinery and equipment | 23 | €9,100 | €7,502 | -€1,598 | -17.6% |
| Furniture and vehicles | 24 | €91,950 | €71,315 | -€20,635 | -22.4% |
| Assets under construction and advance payments | 27 | - | €1,039,479 | +€1.0m | |
| Financial fixed assets | 28 | €1,443,749 | €1,443,749 | +€0 | 0.0% |
| Current assets | 29/58 | €1,447,757 | €2,157,555 | +€709,798 | +49.0% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,450 | €99,162 | +€82,712 | +503% |
| Trade receivables | 40 | €8,536 | €72,640 | +€64,104 | +751% |
| Other amounts receivable | 41 | €7,915 | €26,522 | +€18,607 | +235% |
| Current investments | 50/53 | €950,000 | €1,500,000 | +€550,000 | +57.9% |
| Cash at bank and in hand | 54/58 | €62,188 | €147,537 | +€85,349 | +137% |
| Deferred charges and accrued income | 490/1 | €19,118 | €10,856 | -€8,262 | -43.2% |
| Total equity and liabilities | 10/49 | €5,476,240 | €7,103,649 | +€1.6m | +29.7% |
| Equity | 10/15 | €3,838,364 | €4,018,244 | +€179,880 | +4.7% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Capital | 10 | €2,062,000 | €2,062,000 | = | 0.0% |
| Issued capital | 100 | €2,062,000 | €2,062,000 | = | 0.0% |
| Reserves | 13 | €326,514 | €325,490 | -€1,024 | -0.3% |
| Non-distributable reserves | 130/1 | €79,363 | €88,884 | +€9,521 | +12.0% |
| Legal reserve | 130 | €79,363 | €88,884 | +€9,521 | +12.0% |
| Tax-exempt reserves | 132 | €151,590 | €141,045 | -€10,545 | -7.0% |
| Distributable reserves | 133 | €95,561 | €95,561 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,449,850 | €1,630,755 | +€180,905 | +12.5% |
| Provisions and deferred taxes | 16 | €78,057 | €72,627 | -€5,430 | -7.0% |
| Deferred taxes | 168 | €78,057 | €72,627 | -€5,430 | -7.0% |
| Amounts payable | 17/49 | €1,559,819 | €3,012,778 | +€1.5m | +93.1% |
| Amounts payable after more than one year | 17 | €798,878 | €715,077 | -€83,801 | -10.5% |
| Financial debts | 170/4 | €798,878 | €715,077 | -€83,801 | -10.5% |
| Amounts payable within one year | 42/48 | €757,412 | €2,296,633 | +€1.5m | +203% |
| Current portion of amounts payable after more than one year | 42 | €83,067 | €87,616 | +€4,549 | +5.5% |
| Financial debts | 43 | €3,140 | €0 | -€3,140 | -100% |
| Credit institutions | 430/8 | €3,140 | €0 | -€3,140 | -100% |
| Trade debts | 44 | €20,218 | €47,213 | +€26,995 | +134% |
| Suppliers | 440/4 | €20,218 | €47,213 | +€26,995 | +134% |
| Advances received on contracts in progress | 46 | €692 | €782 | +€90 | +13.1% |
| Taxes, remuneration and social security | 45 | €6,189 | €27,276 | +€21,087 | +341% |
| Taxes | 450/3 | €6,189 | €18,336 | +€12,147 | +196% |
| Remuneration and social security | 454/9 | - | €8,940 | +€8,940 | |
| Other amounts payable | 47/48 | €644,106 | €2,133,746 | +€1.5m | +231% |
| Accrued charges and deferred income | 492/3 | €3,529 | €1,068 | -€2,461 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,549 | €123,425 | +€15,876 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,573 | €31,035 | +€12,462 | +67.1% |
| Gross operating margin | 9900 | €235,463 | €395,749 | +€160,286 | +68.1% |
| Operating profit (loss) | 9901 | €109,341 | €241,289 | +€131,948 | +121% |
| Financial income | 75/76B | €44,298 | €45,791 | +€1,493 | +3.4% |
| Recurring financial income | 75 | €44,298 | €45,791 | +€1,493 | +3.4% |
| Financial charges | 65/66B | €37,341 | €63,379 | +€26,038 | +69.7% |
| Recurring financial charges | 65 | €37,341 | €63,379 | +€26,038 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €116,299 | €223,701 | +€107,402 | +92.4% |
| Transfer from deferred taxes | 780 | €5,430 | €5,430 | +€0 | 0.0% |
| Income taxes | 67/77 | €27,624 | €49,251 | +€21,627 | +78.3% |
| Profit (loss) for the period | 9904 | €94,105 | €179,880 | +€85,775 | +91.1% |
| Transfer from tax-exempt reserves | 789 | €110,823 | €10,546 | -€100,277 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €204,928 | €190,426 | -€14,502 | -7.1% |
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 27 October 2026 via checked.be.