FORTIUS: 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.
FORTIUS
Largest movements
- Cash +€75,748
up €75,748 (+25.4%), from €297,685 to €373,433
mainly Net result for the year (+€144,977) and Depreciation (+€11,043)
- Receivables within one year +€48,004
up €48,004 (+165.2%), from €29,053 to €77,057
of which Trade receivables: +€41,755
- Tangible fixed assets -€9,231
down €9,231 (-20.6%), from €44,764 to €35,532
of which Furniture and vehicles: -€21,169
- Reserves +€144,977
up €144,977 (+46.6%), from €311,369 to €456,346
of which Distributable reserves: +€81,827
- Trade debts -€21,841
down €21,841 (-99.8%), from €21,891 to €50
- Tax, wage and social debts -€9,681
down €9,681 (-31.1%), from €31,152 to €21,471
of which Taxes: -€9,681
- Gross operating margin -€15,020
down €15,020 (-6.9%), from €217,318 to €202,298
- Taxes -€3,161
down €3,161 (-6.6%), from €47,730 to €44,569
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.
Cash bridge derived
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 | €372,743 | €486,022 | +€113,280 | +30.4% |
| Fixed assets | 21/28 | €44,764 | €35,532 | -€9,231 | -20.6% |
| Tangible fixed assets | 22/27 | €44,764 | €35,532 | -€9,231 | -20.6% |
| Plant, machinery and equipment | 23 | €19,351 | €31,288 | +€11,937 | +61.7% |
| Furniture and vehicles | 24 | €25,413 | €4,244 | -€21,169 | -83.3% |
| Current assets | 29/58 | €327,979 | €450,490 | +€122,511 | +37.4% |
| Amounts receivable within one year | 40/41 | €29,053 | €77,057 | +€48,004 | +165.2% |
| Trade receivables | 40 | €29,053 | €70,808 | +€41,755 | +143.7% |
| Other amounts receivable | 41 | - | €6,249 | +€6,249 | |
| Cash at bank and in hand | 54/58 | €297,685 | €373,433 | +€75,748 | +25.4% |
| Deferred charges and accrued income | 490/1 | €1,241 | €0 | -€1,241 | -100.0% |
| Total equity and liabilities | 10/49 | €372,743 | €486,022 | +€113,280 | +30.4% |
| Equity | 10/15 | €316,369 | €461,346 | +€144,977 | +45.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €311,369 | €456,346 | +€144,977 | +46.6% |
| Tax-exempt reserves | 132 | €84,200 | €147,350 | +€63,150 | +75.0% |
| Distributable reserves | 133 | €227,169 | €308,996 | +€81,827 | +36.0% |
| Amounts payable | 17/49 | €56,374 | €24,676 | -€31,698 | -56.2% |
| Amounts payable within one year | 42/48 | €56,374 | €24,676 | -€31,698 | -56.2% |
| Trade debts | 44 | €21,891 | €50 | -€21,841 | -99.8% |
| Suppliers | 440/4 | €21,891 | €50 | -€21,841 | -99.8% |
| Taxes, remuneration and social security | 45 | €31,152 | €21,471 | -€9,681 | -31.1% |
| Taxes | 450/3 | €31,152 | €21,471 | -€9,681 | -31.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,331 | €3,156 | -€176 | -5.3% |
| Non-recurring operating income | 76A | - | €7,312 | +€7,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,262 | €11,043 | +€1,781 | +19.2% |
| Other operating charges | 640/8 | €1,506 | €1,218 | -€287 | -19.1% |
| Gross operating margin | 9900 | €217,318 | €202,298 | -€15,020 | -6.9% |
| Operating profit (loss) | 9901 | €206,551 | €190,037 | -€16,515 | -8.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250.0% |
| Financial charges | 65/66B | €327 | €490 | +€163 | +49.7% |
| Recurring financial charges | 65 | €327 | €490 | +€163 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €206,224 | €189,547 | -€16,677 | -8.1% |
| Income taxes | 67/77 | €47,730 | €44,569 | -€3,161 | -6.6% |
| Profit (loss) for the period | 9904 | €158,494 | €144,977 | -€13,516 | -8.5% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €63,150 | +€21,050 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,394 | €81,827 | -€34,566 | -29.7% |
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 9 October 2026 via checked.be.