Fortjen: 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.
Fortjen
Largest movements
- Tangible fixed assets -€57,630
down €57,630 (-79.5%), from €72,494 to €14,865
of which Furniture and vehicles: -€55,475
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€18,062
up €18,062 (+29.0%), from €62,235 to €80,297
mainly Net result for the year (+€79,442) and Investment in fixed assets (net) (+€51,189)
- Stocks and contracts +€17,907
new in 2025: €17,907
- Deferred charges and accrued income -€8,038
down €8,038 (-96.9%), from €8,294 to €256
- Other debts -€61,474
down €61,474 (-40.8%), from €150,724 to €89,250
- Reserves -€25,558
down €25,558 (-60.5%), from €42,253 to €16,696
- Tax, wage and social debts +€10,759
up €10,759 (+162%), from €6,649 to €17,407
- Gross operating margin -€79,400
down €79,400 (-38.9%), from €204,017 to €124,617
- Taxes -€22,844
down €22,844 (-49.3%), from €46,373 to €23,528
- Other operating charges +€12,758
up €12,758 (+839%), from €1,520 to €14,278
- Depreciation -€3,072
down €3,072 (-32.3%), from €9,513 to €6,441
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 | €223,459 | €148,713 | -€74,746 | -33.4% |
| Fixed assets | 21/28 | €72,494 | €14,865 | -€57,630 | -79.5% |
| Tangible fixed assets | 22/27 | €72,494 | €14,865 | -€57,630 | -79.5% |
| Furniture and vehicles | 24 | €62,656 | €7,181 | -€55,475 | -88.5% |
| Other tangible fixed assets | 26 | €9,839 | €7,684 | -€2,155 | -21.9% |
| Current assets | 29/58 | €150,965 | €133,848 | -€17,116 | -11.3% |
| Stocks and contracts in progress | 3 | - | €17,907 | +€17,907 | |
| Stocks | 30/36 | - | €17,907 | +€17,907 | |
| Amounts receivable within one year | 40/41 | €30,436 | €35,388 | +€4,953 | +16.3% |
| Trade receivables | 40 | €30,436 | €25,388 | -€5,047 | -16.6% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €62,235 | €80,297 | +€18,062 | +29.0% |
| Deferred charges and accrued income | 490/1 | €8,294 | €256 | -€8,038 | -96.9% |
| Total equity and liabilities | 10/49 | €223,459 | €148,713 | -€74,746 | -33.4% |
| Equity | 10/15 | €60,853 | €35,296 | -€25,558 | -42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,253 | €16,696 | -€25,558 | -60.5% |
| Distributable reserves | 133 | €42,253 | €16,696 | -€25,558 | -60.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,606 | €113,417 | -€49,189 | -30.3% |
| Amounts payable within one year | 42/48 | €162,548 | €112,219 | -€50,328 | -31.0% |
| Trade debts | 44 | €5,175 | €5,562 | +€387 | +7.5% |
| Suppliers | 440/4 | €5,175 | €5,562 | +€387 | +7.5% |
| Taxes, remuneration and social security | 45 | €6,649 | €17,407 | +€10,759 | +162% |
| Taxes | 450/3 | €6,649 | €17,407 | +€10,759 | +162% |
| Other amounts payable | 47/48 | €150,724 | €89,250 | -€61,474 | -40.8% |
| Accrued charges and deferred income | 492/3 | €58 | €1,198 | +€1,140 | +1,970% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,513 | €6,441 | -€3,072 | -32.3% |
| Other operating charges | 640/8 | €1,520 | €14,278 | +€12,758 | +839% |
| Gross operating margin | 9900 | €204,017 | €124,617 | -€79,400 | -38.9% |
| Operating profit (loss) | 9901 | €192,984 | €103,897 | -€89,087 | -46.2% |
| Financial income | 75/76B | €287 | €400 | +€113 | +39.3% |
| Recurring financial income | 75 | €287 | €400 | +€113 | +39.3% |
| Financial charges | 65/66B | €811 | €1,327 | +€515 | +63.5% |
| Recurring financial charges | 65 | €811 | €1,327 | +€515 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €192,460 | €102,971 | -€89,489 | -46.5% |
| Income taxes | 67/77 | €46,373 | €23,528 | -€22,844 | -49.3% |
| Profit (loss) for the period | 9904 | €146,087 | €79,442 | -€66,645 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €146,087 | €79,442 | -€66,645 | -45.6% |
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 18 October 2026 via checked.be.