FORTISBLADES: what changed
What changed
FORTISBLADES
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€845,892
2024 · €853,999-€8,106
Equity
€2.9m
2024 · €2.4m+€526,571
Cash
€698,283
2024 · €868,802-€170,519
Balance sheet total
€3.4m
2024 · €2.9m+€500,260
Largest movements
Assets
- Tangible fixed assets +€615,356
up €615,356 (+1,688%), from €36,452 to €651,808
of which Land and buildings: +€631,831
- Cash -€170,519
down €170,519 (-19.6%), from €868,802 to €698,283
mainly Investment in fixed assets (net) (-€721,419) and Contributions, distributions and other (-€319,321)
- Stocks and contracts +€157,399
up €157,399 (+23.2%), from €678,906 to €836,305
- Current investments -€78,976
down €78,976 (-9.8%), from €809,730 to €730,754
- Receivables within one year -€49,711
down €49,711 (-10.1%), from €492,491 to €442,780
of which Trade receivables: -€49,416
Equity and liabilities
- Reserves +€526,571
up €526,571 (+22.2%), from €2.4m to €2.9m
of which Distributable reserves: +€526,571
Income statement
- Gross operating margin +€41,595
up €41,595 (+3.3%), from €1.3m to €1.3m
- Depreciation +€35,079
up €35,079 (+115%), from €30,570 to €65,649
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€853,999
Gross operating margin
+€41,595
Staff costs
-€2,406
Depreciation
-€35,079
Write-downs
+€2,901
Other operating charges
-€563
Other operating items
-€11,451
Financial income
-€2,846
Financial charges
-€9,698
Taxes
+€9,441
Result 2025
€845,892
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€791,245
Investment
-€642,443
Financing
-€319,321
Cash 2024
€868,802
From operations (derived)
+€791,245
Net result for the year
+€845,892
Depreciation
+€65,649
Stocks and contracts
-€157,399
Receivables within one year
+€49,711
Deferred charges and accrued income
+€13,704
Smaller working-capital items
+€35
Trade debts
-€4,733
Tax, wage and social debts
-€21,614
Investment (derived)
-€642,443
Investment in fixed assets (net)
-€721,419
Current investments
+€78,976
Financing
-€319,321
Contributions, distributions and other
-€319,321
Cash 2025
€698,283
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,913,211 | €3,413,471 | +€500,260 | +17.2% |
| Fixed assets | 21/28 | €36,452 | €692,222 | +€655,770 | +1,799% |
| Intangible fixed assets | 21 | - | €40,415 | +€40,415 | |
| Tangible fixed assets | 22/27 | €36,452 | €651,808 | +€615,356 | +1,688% |
| Land and buildings | 22 | - | €631,831 | +€631,831 | |
| Plant, machinery and equipment | 23 | €4,290 | €5,269 | +€978 | +22.8% |
| Furniture and vehicles | 24 | €27,517 | €14,708 | -€12,809 | -46.5% |
| Other tangible fixed assets | 26 | €4,644 | €0 | -€4,644 | -100% |
| Current assets | 29/58 | €2,876,759 | €2,721,249 | -€155,511 | -5.4% |
| Stocks and contracts in progress | 3 | €678,906 | €836,305 | +€157,399 | +23.2% |
| Stocks | 30/36 | €678,906 | €836,305 | +€157,399 | +23.2% |
| Amounts receivable within one year | 40/41 | €492,491 | €442,780 | -€49,711 | -10.1% |
| Trade receivables | 40 | €492,196 | €442,780 | -€49,416 | -10.0% |
| Other amounts receivable | 41 | €295 | €0 | -€295 | -100% |
| Current investments | 50/53 | €809,730 | €730,754 | -€78,976 | -9.8% |
| Cash at bank and in hand | 54/58 | €868,802 | €698,283 | -€170,519 | -19.6% |
| Deferred charges and accrued income | 490/1 | €26,831 | €13,127 | -€13,704 | -51.1% |
| Total equity and liabilities | 10/49 | €2,913,211 | €3,413,471 | +€500,260 | +17.2% |
| Equity | 10/15 | €2,388,824 | €2,915,396 | +€526,571 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,370,224 | €2,896,796 | +€526,571 | +22.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,370,224 | €2,896,796 | +€526,571 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,411 | €5,789 | -€1,622 | -21.9% |
| Provisions for liabilities and charges | 160/5 | €7,411 | €5,789 | -€1,622 | -21.9% |
| Other liabilities and charges | 164/5 | €7,411 | €5,789 | -€1,622 | -21.9% |
| Amounts payable | 17/49 | €516,976 | €492,286 | -€24,690 | -4.8% |
| Amounts payable within one year | 42/48 | €516,976 | €492,286 | -€24,690 | -4.8% |
| Trade debts | 44 | €115,078 | €110,345 | -€4,733 | -4.1% |
| Suppliers | 440/4 | €115,078 | €110,345 | -€4,733 | -4.1% |
| Taxes, remuneration and social security | 45 | €84,234 | €62,620 | -€21,614 | -25.7% |
| Taxes | 450/3 | €84,234 | €62,620 | -€21,614 | -25.7% |
| Other amounts payable | 47/48 | €317,664 | €319,321 | +€1,657 | +0.5% |
| Non-recurring operating income | 76A | - | €9,643 | +€9,643 | |
| Remuneration, social security and pensions | 62 | €87,388 | €89,795 | +€2,406 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,570 | €65,649 | +€35,079 | +115% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,743 | €13,843 | -€2,901 | -17.3% |
| Other operating charges | 640/8 | €5,179 | €5,741 | +€563 | +10.9% |
| Non-recurring operating charges | 66A | €2,001 | €13,452 | +€11,451 | +572% |
| Gross operating margin | 9900 | €1,272,652 | €1,314,247 | +€41,595 | +3.3% |
| Operating profit (loss) | 9901 | €1,130,771 | €1,125,768 | -€5,003 | -0.4% |
| Financial income | 75/76B | €35,540 | €32,694 | -€2,846 | -8.0% |
| Recurring financial income | 75 | €35,540 | €32,694 | -€2,846 | -8.0% |
| Financial charges | 65/66B | €15,667 | €25,365 | +€9,698 | +61.9% |
| Recurring financial charges | 65 | €15,667 | €25,365 | +€9,698 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €1,150,644 | €1,133,097 | -€17,547 | -1.5% |
| Income taxes | 67/77 | €296,645 | €287,204 | -€9,441 | -3.2% |
| Profit (loss) for the period | 9904 | €853,999 | €845,892 | -€8,106 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €853,999 | €845,892 | -€8,106 | -0.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.