FORTITUDE: 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.
FORTITUDE
Largest movements
- Receivables within one year -€3,105
down €3,105 (-2.2%), from €140,579 to €137,474
- Cash +€1,836
up €1,836 (+472%), from €389 to €2,225
mainly Net result for the year (+€4,817) and Receivables within one year (+€3,105)
- Other debts -€6,553
down €6,553 (-7.7%), from €85,090 to €78,537
- Profit (loss) carried forward +€4,817
up €4,817 (+9.6%), from €50,145 to €54,962
- Purchases and services -€608
down €608 (-47.6%), from €1,276 to €668
- Gross operating margin +€576
up €576 (+46.3%), from -€1,244 to -€668
- Other operating charges +€370
up €370 (+78.4%), from €472 to €842
- Financial income +€200
up €200 (+3.0%), from €6,694 to €6,894
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 | €141,435 | €139,699 | -€1,736 | -1.2% |
| Fixed assets | 21/28 | €467 | - | -€467 | |
| Tangible fixed assets | 22/27 | €467 | - | -€467 | |
| Furniture and vehicles | 24 | €467 | - | -€467 | |
| Current assets | 29/58 | €140,968 | €139,699 | -€1,269 | -0.9% |
| Amounts receivable within one year | 40/41 | €140,579 | €137,474 | -€3,105 | -2.2% |
| Other amounts receivable | 41 | €140,579 | €137,474 | -€3,105 | -2.2% |
| Cash at bank and in hand | 54/58 | €389 | €2,225 | +€1,836 | +472% |
| Total equity and liabilities | 10/49 | €141,435 | €139,699 | -€1,736 | -1.2% |
| Equity | 10/15 | €56,345 | €61,162 | +€4,817 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,145 | €54,962 | +€4,817 | +9.6% |
| Amounts payable | 17/49 | €85,090 | €78,537 | -€6,553 | -7.7% |
| Amounts payable within one year | 42/48 | €85,090 | €78,537 | -€6,553 | -7.7% |
| Other amounts payable | 47/48 | €85,090 | €78,537 | -€6,553 | -7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,276 | €668 | -€608 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €467 | +€1 | +0.2% |
| Other operating charges | 640/8 | €472 | €842 | +€370 | +78.4% |
| Gross operating margin | 9900 | -€1,244 | -€668 | +€576 | +46.3% |
| Operating profit (loss) | 9901 | -€2,182 | -€1,977 | +€205 | +9.4% |
| Financial income | 75/76B | €6,694 | €6,894 | +€200 | +3.0% |
| Recurring financial income | 75 | €6,694 | €6,894 | +€200 | +3.0% |
| Financial charges | 65/66B | €97 | €100 | +€3 | +3.1% |
| Recurring financial charges | 65 | €97 | €100 | +€3 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €4,415 | €4,817 | +€402 | +9.1% |
| Profit (loss) for the period | 9904 | €4,415 | €4,817 | +€402 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,415 | €4,817 | +€402 | +9.1% |
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 15 October 2026 via checked.be.