Fortitude Consult: 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 Consult
Largest movements
- Receivables within one year -€12,100
down €12,100 (-100%), from €12,100 to €0
of which Trade receivables: -€12,100
- Cash +€2,745
up €2,745 (+38.6%), from €7,106 to €9,850
mainly Receivables within one year (+€12,100) and Other debts (+€414)
- Profit (loss) carried forward -€5,500
down €5,500 (-47.4%), from -€11,595 to -€17,095
- Trade debts -€3,138
down €3,138 (-75.6%), from €4,152 to €1,014
- Tax, wage and social debts -€1,132
down €1,132 (-33.9%), from €3,337 to €2,205
- Other debts +€414
up €414 (+2.0%), from €20,312 to €20,726
- Gross operating margin -€9,535
down €9,535, from €4,555 to -€4,980
- Other operating charges +€404
new in 2025: €404
- Financial charges -€88
down €88 (-43.2%), from €204 to €116
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 | €19,206 | €9,850 | -€9,355 | -48.7% |
| Current assets | 29/58 | €19,206 | €9,850 | -€9,355 | -48.7% |
| Amounts receivable within one year | 40/41 | €12,100 | €0 | -€12,100 | -100% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,106 | €9,850 | +€2,745 | +38.6% |
| Total equity and liabilities | 10/49 | €19,206 | €9,850 | -€9,355 | -48.7% |
| Equity | 10/15 | -€8,595 | -€14,095 | -€5,500 | -64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,595 | -€17,095 | -€5,500 | -47.4% |
| Amounts payable | 17/49 | €27,801 | €23,946 | -€3,855 | -13.9% |
| Amounts payable within one year | 42/48 | €27,801 | €23,946 | -€3,855 | -13.9% |
| Trade debts | 44 | €4,152 | €1,014 | -€3,138 | -75.6% |
| Suppliers | 440/4 | €4,152 | €1,014 | -€3,138 | -75.6% |
| Taxes, remuneration and social security | 45 | €3,337 | €2,205 | -€1,132 | -33.9% |
| Taxes | 450/3 | €3,337 | €2,205 | -€1,132 | -33.9% |
| Other amounts payable | 47/48 | €20,312 | €20,726 | +€414 | +2.0% |
| Other operating charges | 640/8 | - | €404 | +€404 | |
| Gross operating margin | 9900 | €4,555 | -€4,980 | -€9,535 | |
| Operating profit (loss) | 9901 | €4,555 | -€5,384 | -€9,939 | |
| Financial charges | 65/66B | €204 | €116 | -€88 | -43.2% |
| Recurring financial charges | 65 | €204 | €116 | -€88 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €4,351 | -€5,500 | -€9,851 | |
| Profit (loss) for the period | 9904 | €4,351 | -€5,500 | -€9,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,351 | -€5,500 | -€9,851 |
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 26 October 2026 via checked.be.