Fortis Solis: 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.
Fortis Solis
Largest movements
- Tangible fixed assets -€105,232
down €105,232 (-32.9%), from €319,998 to €214,766
- Cash -€43,484
down €43,484 (-44.9%), from €96,795 to €53,311
mainly Debts (-€119,760) and Provisions (-€80,000)
- Receivables within one year -€40,263
down €40,263 (-43.7%), from €92,233 to €51,971
- Debts -€119,760
down €119,760 (-3.2%), from €3.7m to €3.6m
- Provisions -€80,000
no longer reported in 2022 (was €80,000)
- Equity +€9,114
up €9,114 (+0.3%), from -€3.3m to -€3.3m
of which Investment grants: +€274,676
- Turnover -€177,547
no longer reported in 2022 (was €177,547)
- Gross operating margin +€151,694
new in 2022: €151,694
- Other operating charges +€23,946
new in 2022: €23,946
- Financial income +€16,119
new in 2022: €16,119
- Taxes -€8,252
no longer reported in 2022 (was €8,252)
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,833 | €322,187 | -€190,646 | -37.2% |
| Fixed assets | 21/28 | €322,138 | €216,906 | -€105,232 | -32.7% |
| Tangible fixed assets | 22/27 | €319,998 | €214,766 | -€105,232 | -32.9% |
| Land and buildings | 22 | - | €214,766 | +€214,766 | |
| Financial fixed assets | 28 | €2,140 | €2,140 | = | 0.0% |
| Current assets | 29/58 | €190,696 | €105,281 | -€85,414 | -44.8% |
| Stocks and contracts in progress | 3 | €1,667 | - | -€1,667 | |
| Amounts receivable within one year | 40/41 | €92,233 | €51,971 | -€40,263 | -43.7% |
| Trade receivables | 40 | - | €51,971 | +€51,971 | |
| Cash at bank and in hand | 54/58 | €96,795 | €53,311 | -€43,484 | -44.9% |
| Total equity and liabilities | 10/49 | €512,833 | €322,187 | -€190,646 | -37.2% |
| Equity | 10/15 | -€3,288,701 | -€3,279,587 | +€9,114 | +0.3% |
| Profit (loss) carried forward | 14 | -€3,563,377 | -€3,554,263 | +€9,114 | +0.3% |
| Investment grants | 15 | - | €274,676 | +€274,676 | |
| Provisions and deferred taxes | 16 | €80,000 | - | -€80,000 | |
| Amounts payable | 17/49 | €3,721,535 | €3,601,774 | -€119,760 | -3.2% |
| Amounts payable after more than one year | 17 | €3,500,000 | €3,500,000 | = | 0.0% |
| Financial debts | 170/4 | - | €3,500,000 | +€3.5m | |
| Amounts payable within one year | 42/48 | €134,035 | €101,774 | -€32,260 | -24.1% |
| Trade debts | 44 | €106,259 | €9,104 | -€97,155 | -91.4% |
| Suppliers | 440/4 | - | €9,104 | +€9,104 | |
| Taxes, remuneration and social security | 45 | - | €8,465 | +€8,465 | |
| Taxes | 450/3 | - | €8,465 | +€8,465 | |
| Turnover | 70 | €177,547 | - | -€177,547 | |
| Non-recurring operating income | 76A | - | €96,638 | +€96,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,270 | €105,232 | -€1,038 | -1.0% |
| Other operating charges | 640/8 | - | €23,946 | +€23,946 | |
| Non-recurring operating charges | 66A | - | €29,109 | +€29,109 | |
| Gross operating margin | 9900 | - | €151,694 | +€151,694 | |
| Operating profit (loss) | 9901 | €381,740 | -€6,594 | -€388,334 | |
| Financial income | 75/76B | - | €16,119 | +€16,119 | |
| Recurring financial income | 75 | €91,549 | €16,119 | -€75,431 | -82.4% |
| Financial charges | 65/66B | - | €410 | +€410 | |
| Recurring financial charges | 65 | €91,132 | €410 | -€90,721 | -99.5% |
| Debt charges | 650 | €89,860 | - | -€89,860 | |
| Profit (loss) for the period before taxes | 9903 | €382,157 | €9,114 | -€373,043 | -97.6% |
| Income taxes | 67/77 | €8,252 | - | -€8,252 | |
| Profit (loss) for the period | 9904 | €373,906 | €9,114 | -€364,792 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €373,906 | €9,114 | -€364,792 | -97.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.