FORTINA SERVICES: 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.
FORTINA SERVICES
Largest movements
- Current investments +€136,066
new in 2025: €136,066
- Cash -€28,195
down €28,195 (-53.9%), from €52,323 to €24,128
mainly Current investments (-€136,066) and Receivables within one year (-€650)
- Tangible fixed assets -€14,418
down €14,418 (-44.7%), from €32,253 to €17,835
- Reserves +€77,735
up €77,735 (+129%), from €60,460 to €138,195
- Tax, wage and social debts +€17,130
up €17,130 (+270%), from €6,350 to €23,480
- Gross operating margin +€23,089
up €23,089 (+25.9%), from €88,986 to €112,076
- Taxes +€4,070
up €4,070 (+25.9%), from €15,742 to €19,812
- Depreciation +€2,587
up €2,587 (+21.9%), from €11,831 to €14,418
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 | €107,256 | €201,727 | +€94,471 | +88.1% |
| Fixed assets | 21/28 | €32,253 | €17,835 | -€14,418 | -44.7% |
| Tangible fixed assets | 22/27 | €32,253 | €17,835 | -€14,418 | -44.7% |
| Furniture and vehicles | 24 | €32,253 | €17,835 | -€14,418 | -44.7% |
| Current assets | 29/58 | €75,003 | €183,891 | +€108,889 | +145% |
| Amounts receivable within one year | 40/41 | €19,408 | €20,058 | +€650 | +3.3% |
| Trade receivables | 40 | €18,150 | €18,800 | +€650 | +3.6% |
| Other amounts receivable | 41 | €1,258 | €1,258 | = | 0.0% |
| Current investments | 50/53 | - | €136,066 | +€136,066 | |
| Cash at bank and in hand | 54/58 | €52,323 | €24,128 | -€28,195 | -53.9% |
| Deferred charges and accrued income | 490/1 | €3,272 | €3,640 | +€368 | +11.3% |
| Total equity and liabilities | 10/49 | €107,256 | €201,727 | +€94,471 | +88.1% |
| Equity | 10/15 | €66,460 | €144,195 | +€77,735 | +117% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,460 | €138,195 | +€77,735 | +129% |
| Distributable reserves | 133 | €60,460 | €138,195 | +€77,735 | +129% |
| Amounts payable | 17/49 | €40,796 | €57,532 | +€16,736 | +41.0% |
| Amounts payable within one year | 42/48 | €40,796 | €57,532 | +€16,736 | +41.0% |
| Trade debts | 44 | €75 | €133 | +€58 | +77.6% |
| Suppliers | 440/4 | €75 | €133 | +€58 | +77.6% |
| Taxes, remuneration and social security | 45 | €6,350 | €23,480 | +€17,130 | +270% |
| Taxes | 450/3 | €6,350 | €23,480 | +€17,130 | +270% |
| Other amounts payable | 47/48 | €34,372 | €33,919 | -€452 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,831 | €14,418 | +€2,587 | +21.9% |
| Other operating charges | 640/8 | €53 | €143 | +€90 | +169% |
| Gross operating margin | 9900 | €88,986 | €112,076 | +€23,089 | +25.9% |
| Operating profit (loss) | 9901 | €77,102 | €97,515 | +€20,413 | +26.5% |
| Financial income | 75/76B | - | €202 | +€202 | |
| Recurring financial income | 75 | - | €202 | +€202 | |
| Financial charges | 65/66B | €102 | €170 | +€68 | +66.4% |
| Recurring financial charges | 65 | €102 | €170 | +€68 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €77,000 | €97,547 | +€20,547 | +26.7% |
| Income taxes | 67/77 | €15,742 | €19,812 | +€4,070 | +25.9% |
| Profit (loss) for the period | 9904 | €61,258 | €77,735 | +€16,477 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,258 | €77,735 | +€16,477 | +26.9% |
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 27 October 2026 via checked.be.