FORTRACO: 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.
FORTRACO
Largest movements
- Receivables within one year -€411
down €411 (-7.8%), from €5,249 to €4,838
- Cash +€321
up €321 (+17.3%), from €1,860 to €2,181
mainly Trade debts (+€2,505) and Other debts (+€2,449)
- Tangible fixed assets -€243
down €243 (-67.8%), from €358 to €115
- Profit (loss) carried forward -€5,810
down €5,810 (-12.9%), from -€44,909 to -€50,718
- Trade debts +€2,505
up €2,505 (+157%), from €1,591 to €4,096
- Other debts +€2,449
up €2,449 (+5.7%), from €42,672 to €45,121
- Tax, wage and social debts +€568
up €568 (+53.2%), from €1,068 to €1,636
- Gross operating margin -€4,583
down €4,583, from €769 to -€3,813
- Other operating charges +€348
up €348 (+31.2%), from €1,116 to €1,464
- Financial charges -€161
down €161 (-71.3%), from €226 to €65
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 | €8,479 | €8,192 | -€288 | -3.4% |
| Fixed assets | 21/28 | €1,119 | €876 | -€243 | -21.7% |
| Tangible fixed assets | 22/27 | €358 | €115 | -€243 | -67.8% |
| Furniture and vehicles | 24 | €358 | €115 | -€243 | -67.8% |
| Financial fixed assets | 28 | €761 | €761 | = | 0.0% |
| Current assets | 29/58 | €7,360 | €7,315 | -€44 | -0.6% |
| Amounts receivable within one year | 40/41 | €5,249 | €4,838 | -€411 | -7.8% |
| Trade receivables | 40 | €5,249 | €4,838 | -€411 | -7.8% |
| Cash at bank and in hand | 54/58 | €1,860 | €2,181 | +€321 | +17.3% |
| Deferred charges and accrued income | 490/1 | €251 | €297 | +€45 | +18.1% |
| Total equity and liabilities | 10/49 | €8,479 | €8,192 | -€288 | -3.4% |
| Equity | 10/15 | -€36,852 | -€42,662 | -€5,810 | -15.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,909 | -€50,718 | -€5,810 | -12.9% |
| Amounts payable | 17/49 | €45,331 | €50,853 | +€5,522 | +12.2% |
| Amounts payable within one year | 42/48 | €45,331 | €50,853 | +€5,522 | +12.2% |
| Trade debts | 44 | €1,591 | €4,096 | +€2,505 | +157% |
| Suppliers | 440/4 | €1,591 | €4,096 | +€2,505 | +157% |
| Taxes, remuneration and social security | 45 | €1,068 | €1,636 | +€568 | +53.2% |
| Taxes | 450/3 | €1,068 | €1,636 | +€568 | +53.2% |
| Other amounts payable | 47/48 | €42,672 | €45,121 | +€2,449 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €243 | = | 0.0% |
| Other operating charges | 640/8 | €1,116 | €1,464 | +€348 | +31.2% |
| Gross operating margin | 9900 | €769 | -€3,813 | -€4,583 | |
| Operating profit (loss) | 9901 | -€590 | -€5,521 | -€4,931 | -836% |
| Financial charges | 65/66B | €226 | €65 | -€161 | -71.3% |
| Recurring financial charges | 65 | €226 | €65 | -€161 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€816 | -€5,586 | -€4,770 | -584% |
| Income taxes | 67/77 | €220 | €224 | +€4 | +1.9% |
| Profit (loss) for the period | 9904 | -€1,036 | -€5,810 | -€4,774 | -461% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,036 | -€5,810 | -€4,774 | -461% |
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 13 October 2026 via checked.be.