Fortom: 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.
Fortom
Largest movements
- Tangible fixed assets +€32,115
up €32,115 (+5.4%), from €596,204 to €628,319
of which Land and buildings: +€43,013
- Receivables within one year -€18,302
down €18,302 (-49.4%), from €37,015 to €18,712
of which Trade receivables: -€15,143
- Deferred charges and accrued income -€6,846
down €6,846 (-67.3%), from €10,179 to €3,333
- Current portion of long-term debt -€12,719
down €12,719 (-11.2%), from €113,645 to €100,926
- Reserves +€11,930
up €11,930 (+24.0%), from €49,659 to €61,590
of which Distributable reserves: +€11,930
- Trade debts +€7,596
up €7,596, from €0 to €7,596
- Write-downs +€20,629
no longer reported in 2025 (was -€20,629)
- Other operating charges -€15,636
down €15,636 (-64.7%), from €24,155 to €8,519
- Gross operating margin +€11,083
up €11,083 (+9.5%), from €116,868 to €127,951
- Depreciation +€10,883
up €10,883 (+47.9%), from €22,703 to €33,586
- Staff costs +€6,738
up €6,738 (+16.2%), from €41,545 to €48,283
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 | €651,874 | €654,408 | +€2,534 | +0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €597,254 | €629,369 | +€32,115 | +5.4% |
| Tangible fixed assets | 22/27 | €596,204 | €628,319 | +€32,115 | +5.4% |
| Land and buildings | 22 | €537,597 | €580,610 | +€43,013 | +8.0% |
| Plant, machinery and equipment | 23 | €48,674 | €40,294 | -€8,381 | -17.2% |
| Furniture and vehicles | 24 | €9,932 | €7,416 | -€2,517 | -25.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €54,620 | €25,038 | -€29,582 | -54.2% |
| Amounts receivable within one year | 40/41 | €37,015 | €18,712 | -€18,302 | -49.4% |
| Trade receivables | 40 | €33,511 | €18,367 | -€15,143 | -45.2% |
| Other amounts receivable | 41 | €3,504 | €345 | -€3,159 | -90.2% |
| Cash at bank and in hand | 54/58 | €7,426 | €2,993 | -€4,433 | -59.7% |
| Deferred charges and accrued income | 490/1 | €10,179 | €3,333 | -€6,846 | -67.3% |
| Total equity and liabilities | 10/49 | €651,874 | €654,408 | +€2,534 | +0.4% |
| Equity | 10/15 | €73,395 | €85,325 | +€11,930 | +16.3% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €49,659 | €61,590 | +€11,930 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,799 | €59,730 | +€11,930 | +25.0% |
| Profit (loss) carried forward | 14 | €16,536 | €16,536 | = | 0.0% |
| Amounts payable | 17/49 | €578,479 | €569,082 | -€9,397 | -1.6% |
| Amounts payable after more than one year | 17 | €347,703 | €347,768 | +€65 | 0.0% |
| Financial debts | 170/4 | €347,703 | €347,768 | +€65 | 0.0% |
| Amounts payable within one year | 42/48 | €230,776 | €221,315 | -€9,461 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €113,645 | €100,926 | -€12,719 | -11.2% |
| Trade debts | 44 | €0 | €7,596 | +€7,596 | |
| Suppliers | 440/4 | €0 | €7,596 | +€7,596 | |
| Taxes, remuneration and social security | 45 | €26,700 | €22,129 | -€4,571 | -17.1% |
| Taxes | 450/3 | €21,138 | €11,209 | -€9,928 | -47.0% |
| Remuneration and social security | 454/9 | €5,562 | €10,919 | +€5,357 | +96.3% |
| Other amounts payable | 47/48 | €90,432 | €90,664 | +€232 | +0.3% |
| Remuneration, social security and pensions | 62 | €41,545 | €48,283 | +€6,738 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,703 | €33,586 | +€10,883 | +47.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,629 | - | +€20,629 | |
| Other operating charges | 640/8 | €24,155 | €8,519 | -€15,636 | -64.7% |
| Gross operating margin | 9900 | €116,868 | €127,951 | +€11,083 | +9.5% |
| Operating profit (loss) | 9901 | €49,094 | €37,563 | -€11,532 | -23.5% |
| Financial income | 75/76B | €1 | €103 | +€102 | +13,421% |
| Recurring financial income | 75 | €1 | €103 | +€102 | +13,421% |
| Financial charges | 65/66B | €17,423 | €20,902 | +€3,479 | +20.0% |
| Recurring financial charges | 65 | €17,423 | €20,902 | +€3,479 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €31,672 | €16,763 | -€14,909 | -47.1% |
| Income taxes | 67/77 | €7,975 | €4,833 | -€3,142 | -39.4% |
| Profit (loss) for the period | 9904 | €23,697 | €11,930 | -€11,766 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,697 | €11,930 | -€11,766 | -49.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.