FORTON BRUNO: what changed
FORTON BRUNO
Largest movements
- Receivables within one year +€123,378
up €123,378 (+233%), from €52,908 to €176,287
of which Other amounts receivable: +€123,190
- Cash -€111,277
down €111,277 (-62.6%), from €177,819 to €66,542
mainly Receivables within one year (-€123,378) and Trade debts (-€11,400)
- Tangible fixed assets -€5,985
down €5,985 (-4.2%), from €141,671 to €135,685
of which Leasing and similar rights: -€3,637
- Reserves +€24,700
up €24,700 (+13.6%), from €181,256 to €205,956
of which Distributable reserves: +€24,700
- Trade debts -€11,400
no longer reported in 2025 (was €11,400)
- Debts after one year -€9,913
down €9,913 (-8.4%), from €117,410 to €107,497
- Gross operating margin +€2,297
up €2,297 (+4.1%), from €55,709 to €58,005
- Taxes +€589
up €589 (+5.7%), from €10,319 to €10,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,398 | €378,514 | +€6,116 | +1.6% |
| Fixed assets | 21/28 | €141,671 | €135,685 | -€5,985 | -4.2% |
| Tangible fixed assets | 22/27 | €141,671 | €135,685 | -€5,985 | -4.2% |
| Plant, machinery and equipment | 23 | €289 | - | -€289 | |
| Furniture and vehicles | 24 | €10,524 | €8,465 | -€2,059 | -19.6% |
| Leasing and similar rights | 25 | €130,858 | €127,220 | -€3,637 | -2.8% |
| Current assets | 29/58 | €230,727 | €242,829 | +€12,101 | +5.2% |
| Amounts receivable within one year | 40/41 | €52,908 | €176,287 | +€123,378 | +233% |
| Trade receivables | 40 | €34,862 | €35,051 | +€189 | +0.5% |
| Other amounts receivable | 41 | €18,046 | €141,236 | +€123,190 | +683% |
| Cash at bank and in hand | 54/58 | €177,819 | €66,542 | -€111,277 | -62.6% |
| Total equity and liabilities | 10/49 | €372,398 | €378,514 | +€6,116 | +1.6% |
| Equity | 10/15 | €190,481 | €215,259 | +€24,779 | +13.0% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €181,256 | €205,956 | +€24,700 | +13.6% |
| Tax-exempt reserves | 132 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €180,950 | €205,650 | +€24,700 | +13.7% |
| Profit (loss) carried forward | 14 | €548 | €627 | +€79 | +14.3% |
| Amounts payable | 17/49 | €181,917 | €163,255 | -€18,663 | -10.3% |
| Amounts payable after more than one year | 17 | €117,410 | €107,497 | -€9,913 | -8.4% |
| Financial debts | 170/4 | €117,410 | €107,497 | -€9,913 | -8.4% |
| Amounts payable within one year | 42/48 | €63,383 | €55,307 | -€8,076 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €9,635 | €9,914 | +€278 | +2.9% |
| Trade debts | 44 | €11,400 | - | -€11,400 | |
| Suppliers | 440/4 | €11,400 | - | -€11,400 | |
| Taxes, remuneration and social security | 45 | €42,348 | €45,393 | +€3,046 | +7.2% |
| Taxes | 450/3 | €42,348 | €45,393 | +€3,046 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,124 | €451 | -€673 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,332 | €17,342 | +€11 | +0.1% |
| Other operating charges | 640/8 | €1,960 | €2,017 | +€57 | +2.9% |
| Gross operating margin | 9900 | €55,709 | €58,005 | +€2,297 | +4.1% |
| Operating profit (loss) | 9901 | €36,417 | €38,646 | +€2,229 | +6.1% |
| Financial income | 75/76B | €826 | €738 | -€88 | -10.6% |
| Recurring financial income | 75 | €826 | €738 | -€88 | -10.6% |
| Financial charges | 65/66B | €3,963 | €3,698 | -€265 | -6.7% |
| Recurring financial charges | 65 | €3,963 | €3,698 | -€265 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €33,280 | €35,686 | +€2,407 | +7.2% |
| Income taxes | 67/77 | €10,319 | €10,908 | +€589 | +5.7% |
| Profit (loss) for the period | 9904 | €22,961 | €24,779 | +€1,818 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,961 | €24,779 | +€1,818 | +7.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.