FORTIPPA: what changed
Two fiscal 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.
FORTIPPA
Largest movements
- Current investments -€198,983
down €198,983 (-45.5%), from €437,381 to €238,398
- Receivables within one year +€182,017
up €182,017 (+318.0%), from €57,241 to €239,258
of which Other amounts receivable: +€181,089
- Cash +€33,463
up €33,463 (+112.1%), from €29,841 to €63,304
mainly Current investments (+€198,983) and Depreciation (+€9,717)
- Intangible fixed assets -€7,500
down €7,500 (-50.0%), from €15,000 to €7,500
- Deferred charges and accrued income -€7,173
down €7,173 (-48.3%), from €14,850 to €7,677
- Reserves -€9,495
down €9,495 (-1.8%), from €521,017 to €511,521
of which Distributable reserves: -€7,640
- Other debts +€6,823
up €6,823 (+16.4%), from €41,527 to €48,350
- Gross operating margin +€28,717
up €28,717, from -€7,753 to €20,964
- Taxes +€11,913
up €11,913 (+1526.5%), from €780 to €12,694
- Financial income +€6,216
up €6,216 (+91.4%), from €6,804 to €13,021
- Other operating charges +€1,116
up €1,116 (+84.4%), from €1,324 to €2,440
- Depreciation -€1,057
down €1,057 (-9.8%), from €10,774 to €9,717
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.
Cash bridge derived
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 | €585,625 | €585,231 | -€394 | -0.1% |
| Fixed assets | 21/28 | €46,312 | €36,595 | -€9,717 | -21.0% |
| Intangible fixed assets | 21 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Tangible fixed assets | 22/27 | €31,312 | €29,095 | -€2,217 | -7.1% |
| Plant, machinery and equipment | 23 | €1,193 | €665 | -€528 | -44.3% |
| Furniture and vehicles | 24 | €26,768 | €25,421 | -€1,347 | -5.0% |
| Other tangible fixed assets | 26 | €3,351 | €3,009 | -€342 | -10.2% |
| Current assets | 29/58 | €539,313 | €548,636 | +€9,323 | +1.7% |
| Amounts receivable within one year | 40/41 | €57,241 | €239,258 | +€182,017 | +318.0% |
| Trade receivables | 40 | €6,355 | €7,283 | +€928 | +14.6% |
| Other amounts receivable | 41 | €50,886 | €231,976 | +€181,089 | +355.9% |
| Current investments | 50/53 | €437,381 | €238,398 | -€198,983 | -45.5% |
| Cash at bank and in hand | 54/58 | €29,841 | €63,304 | +€33,463 | +112.1% |
| Deferred charges and accrued income | 490/1 | €14,850 | €7,677 | -€7,173 | -48.3% |
| Total equity and liabilities | 10/49 | €585,625 | €585,231 | -€394 | -0.1% |
| Equity | 10/15 | €539,567 | €530,071 | -€9,495 | -1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €521,017 | €511,521 | -€9,495 | -1.8% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €519,162 | €511,521 | -€7,640 | -1.5% |
| Amounts payable | 17/49 | €46,058 | €55,160 | +€9,102 | +19.8% |
| Amounts payable within one year | 42/48 | €46,058 | €55,160 | +€9,102 | +19.8% |
| Trade debts | 44 | €881 | €594 | -€287 | -32.5% |
| Suppliers | 440/4 | €881 | €594 | -€287 | -32.5% |
| Taxes, remuneration and social security | 45 | €3,650 | €6,216 | +€2,566 | +70.3% |
| Taxes | 450/3 | €750 | €3,316 | +€2,566 | +342.1% |
| Remuneration and social security | 454/9 | €2,900 | €2,900 | = | 0.0% |
| Other amounts payable | 47/48 | €41,527 | €48,350 | +€6,823 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,774 | €9,717 | -€1,057 | -9.8% |
| Other operating charges | 640/8 | €1,324 | €2,440 | +€1,116 | +84.4% |
| Gross operating margin | 9900 | -€7,753 | €20,964 | +€28,717 | |
| Operating profit (loss) | 9901 | -€19,850 | €8,807 | +€28,657 | |
| Financial income | 75/76B | €6,804 | €13,021 | +€6,216 | +91.4% |
| Recurring financial income | 75 | €6,804 | €13,021 | +€6,216 | +91.4% |
| Financial charges | 65/66B | €2,541 | €1,729 | -€811 | -31.9% |
| Recurring financial charges | 65 | €2,541 | €1,729 | -€811 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,587 | €20,098 | +€35,685 | |
| Income taxes | 67/77 | €780 | €12,694 | +€11,913 | +1526.5% |
| Profit (loss) for the period | 9904 | -€16,367 | €7,405 | +€23,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,367 | €7,405 | +€23,772 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.